Accent : FY20 Full Year Results Presentation

Table of contents

Item	Page
Value creation and investor value proposition	3
FY20 summary results	4
Operating Review	6
Growth Plan	14
Dividends and Trading Update	22
Appendix	24

Accent Group Limited FY2020 Results Presentation

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Value creation and investor value proposition

10-year Total Shareholder Return1 comparison Accent and

ASX300 (30 June 2010 to 30 June 2020)

900%	Total Shareholder Return
	since 30 June 2010:
800%	Accent Group: 20.4%
700%	(Annualised Return)
ASX300 Index: 9.2%
600%	(Annualised Return)	542.3%

500%
400%
300%
200%														142.1%
100%
0%
(100.0%)
2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
							AX1		ASX300

1. Compound EPS growth of 12.3% over the past 10 years.

1. Strong cash generation and dividend growth of 21.7% since 2010.

1. A market leading digitally integrated consumer business with 19 websites, 16 owned and distributed brands, more than 500 points of distribution and over 6.8m contactable customers.

1. Approaching $1b of sales with a market leading position in the lifestyle and performance market.

1. Best in class margins through gross margin expansion initiatives and drive for cost efficiency.

1. Strong future growth initiatives through digital, new stores, vertical brands and new business to achieve market share growth in the $6 billion + performance and lifestyle

market segment in Australia and New Zealand.

Source: Bloomberg, Accent Filings.

1. Assumes 100% dividend reinvestment on the ex-dividend date.

Accent Group Limited FY2020 Results Presentation

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Record FY20 profit1

Key Metrics

	Pre AASB 16	Pre AASB 16	%
$'000's	FY20	FY19	Change
Group Sales (inc.	948,935	935,344	+1.5%
Franchisees)
EBITDA	121,658	108,853	+11.8%
EBIT	87,219	80,585	+8.2%
PBT	83,557	77,020	+8.5%
Digital Growth	69%	93%
Inventory	129,106	131,470
Net Debt	31,213	49,427
FY20 Full Year Dividend	9.25 cents	8.25 cents	+12.1%

1. The statutory results for FY20 reflect the adoption of the new accounting standard AASB 16 Leases. The Group has adopted AASB 16 using the modified retrospective approach and as a result the prior period comparatives have not been restated. To allow for comparable financial information, all FY20 results in this presentation are disclosed pre the application of AASB 16 ("Pre AASB 16") and exclude the impact of AASB 16. Refer to page 28 for a statutory view of the results

Accent Group Limited FY2020 Results Presentation

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