FULL YEAR RESULTS
53 weeks ended 30 January 2021
Agenda
Overview
Rachel Osborne, CEO
Financial performance, priorities and outlook
David Wolffe, CFO
Strategy update
Rachel Osborne, CEO
Rachel Osborne
Chief Executive Officer
David Wolffe
Chief Financial Officer
- Ted Baker Results Presentation 2021
FY in Summary
Strong Year 1 of Ted's Transformation Plan despite COVID
- Foundations fixed and strong progress during Year 1 of the plan
- Brand remains resilient
- Progress against all ESG targets
- Digital and capital light progress
- Cost out programme ahead of target
- Cash management ahead of target
- Recapitalisation of balance sheet completed
- COVID has amplified legacy issues
- Store locations, product design and focus, excess inventory, aged eCom platform
- Shifting focus towards future growth opportunities
- New product rollout, brand refresh
- Digital roadmap and low capex distribution expansion
- Core priority markets, including China and North America
3 Ted Baker Results Presentation 2021
Key FY Headlines
Group Revenue | Online Revenue | |
• Strong Online Growth | (44)% | +22% |
Gross Margin* | Pre-tax Loss* | |
• Profit Headwinds | (140)bps | £(59.2)m |
Costs* | EBITDA | |
• Effective Cost Control | (26)% | £(0.6)m |
FCF | Cash | |
• Tight Cash Management | £24.2m | £66.7m |
* Before Non-Underlying items |
- Ted Baker Results Presentation 2021
Ted's Transformation Plan
Sustainable growth,
higher free cash flow and ROCE
Refresh and | Prioritise Digital | |||
Reenergise the | Significant Cost | |||
and Capital Light | ||||
Product and | Out Programme | |||
Growth | ||||
Brand | ||||
Underpinned by a recapitalised and strengthened balance sheet
- Ted Baker Results Presentation 2021
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Disclaimer
Ted Baker plc published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:24:54 UTC.