Super Retail : 2022 Full Year Results Presentation

FY22

FULL YEAR RESULTS PRESENTATION

Authorised for release by the Super Retail Group Board

17 August 2022

ABN: 81 108 676 204

Important information - impact of 53-week trading period on FY22

FY22 comprised a 53-week trading period as compared to 52 weeks for FY21. When reviewing the financial results in this presentation, regard should be had to the following:

FY22 and FY21 trading periods

FY22 is a 53-week period from 27 June 2021 to 2 July 2022 (inclusive). FY21 is a 52-week period from 28 June 2020 to 26 June 2021 (inclusive).

Impact of 53rd week on sales and earnings in FY22

Our unaudited management estimates for the income statement impact of the FY22 53rd week are as follows:

•	Sales:	$64.1 million
•	Normalised PBT:	$5.1 million
•	Statutory NPAT:	$3.6 million

Like-for-like sales

The presentation references like-for-like sales growth, which compares our estimated 52-week FY22 against FY21 for stores that were open for

Presentation of FY22 financial information

FY22 financial information in this presentation reflects the Group's

statutory results (53-weeks trading) unless otherwise indicated.

To assist the reader in making a more meaningful comparison between the Group's financial performance in FY22 and FY21, this presentation includes the following disclosure:

• Adjusted change
  An additional comparative ("Adjusted change") has been provided, which is management's unaudited estimate of a 52-week FY22 compared against the FY21 result.
• Adjusted cashflow
  Adjusted cashflow is the FY22 operating cashflow of the Group

more than one year. No adjustment has been made to like-for-like sales for the impact of COVID-19 on store trading.

adjusted for the 53rd week cashflows. Because FY22 was a 53-week year, it included an additional payment cycle for store rental, certain trade partners and also payroll. Management's unaudited estimate of the net impact of the 53rd week on Group cashflow was an additional outflow of $49.4 million.

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C O N T E N T S

•	Group highlights
	-	Financial
	-	Customer and brand
	-	Store network
	- Digital and omni-channel
•	FY22 financial results
•	Corporate strategy
•	Sustainability and team
• Outlook and trading update
•	Appendix

CommBank Matildas goalkeeper Lydia Williams.

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rebel has been a proud partner of the Matildas since 2017.

Executive summary

Super Retail Group delivers another year of record sales

• Sales of $3.55b - sales grew by 2.8% (or 1.0% adjusted for 53rd week)1
• Strong second half performance - 5.0% like-for-like sales growth in H2
• Successful omni-retail execution key to Group result
• • Digital sales underpinned strong H1 performance despite pandemic related store closures and supply chain disruption
  • Record 2H result with growing contribution from new store formats as COVID- 19 restrictions eased and store foot traffic recovered
• Record online sales - digital sales up 44% to over $600 million
• Continued growth in active club members - up 14% to 9.2 million2
• 46.8% Group gross margin - targeted and effective promotions and pricing strategy, offset by higher supply chain costs
• Normalised PBT of $349.6 million reflects investment in-store development, strategic projects, digital and customer loyalty to support future growth - resulting in normalisation of operating costs
• Statutory NPAT of $241.2 million and normalised NPAT of $244.1 million
• Statutory EPS of 106.8 cents and normalised EPS of 108.1 cents
• Fully franked final dividend of 43.0 cents per share bringing full year dividends to 70.0 cents per share
• Conservative balance sheet - adjusted net cash balance of $63 million1

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(1) Adjusted for the impact of the 53rd week in FY22

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1. Active club members are club members who have shopped in the last 12 months

Group highlights

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