PETS AT HOME GROUP PLC FY22 Preliminary results presentation
25 May 2022
Pets at Home Group Plc | FY22 Prelim Results | 2 |
May 2022 | ||
FY22: a record year
A record year
- Record growth: sales, profit, cash, dividend; record level: customer acquisition and investment
- 1.1m new customers (c40% share); 7.3m VIPs and 1.7m vet clients
- 37% share of wallet, +600bps; 24% market share, +c100bps YoY
- Faster than expected progress towards £2.3bn medium term revenue opportunity
Long term prospects remain strong
- Continually broadening our omnichannel capability to access all components of pet spend
- Leveraging our unique, proprietary insights will continue to generate strong return
- Ongoing digital innovation to make pet care as easy and convenient as possible
- Investing in infrastructure to maintain a best-in-class customer experience
Continued growth in market share in the year ahead
- 60% of our growth over the past 5 years from share gains
- Pet care proven to be resilient category of consumption across all economic cycles
- An unwavering commitment to continue providing affordable, convenient and rewarding pet care
- Many self-help levers to navigate inflationary pressures
Pets at Home Group Plc | FY22 Prelim Results | 3 |
May 2022 | ||
A record year
Pets at Home Group Plc | FY22 Prelim Results | 4 |
May 2022 | ||
A record year
Group Revenue
£1,317.8m
+15.3% YoY
Group FCF
£95.0m
+40.9% YoY
Active VIPs
7.3m
+18% YoY
Group LFL
+15.8%
+719 bps
Net Cash**
£66.0m
+£64.6m
VIPs > 1 channel
27%
+22% YoY
Group 2-yr LFL
+25.9%
+745 bps
CROIC 24.0% +231 bps
Subscriptions
1.5m
+23% YoY
Group PBT*
£144.7m
+65.3% YoY
Total Dividend
11.8p
+48% YoY
Puppy & Kitten Club
1.2m sign ups
+48% YoY
* On an underlying proforma basis ** Excluding lease liabilities. | All figures are presented on a 53-week basis before the change in IAS38 accounting policy. |
Pets at Home Group Plc | FY22 Prelim Results | 5 |
May 2022 | ||
Omnichannel model primed to take market share
60% of our growth has come from market share gains over the past five years
UK Pet Care Market | UK Pet Population |
Share 24%
Size £6.7bn | Growth c10% | |
Market Growth | 8% | Pet Population 35m |
Food | Accessories |
Share 21% | Share 49% |
Size £3.1bn | Size £1.0bn |
Market Growth 4% | Market Growth 6% |
Online
Share 19%
Size £1.0bn
Market Growth 17%
Veterinary
Share 19%
Size £2.4bn
Market Growth 14%
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Pets at Home Group plc published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:26 UTC.
