4imprint Group Plc · LSE:FOUR
4imprint — H1 2022 Earnings Presentation
15 slides from 4imprint's earnings presentation, 2022
Slide 1: Half Year Results 2022
4i } mprint: Half Year Results 2022
Slide 2: Highlights
Highlights Kevin Lyons-Tarr, CEO Half Year Results 2022 1
Slide 3: Results Summary
Results Summary Revenue Operating profit Basic EPS $515.54m $43.98m 118.90c 58% 1,122% 1,204% Cash Interim dividend Total orders $67.10m 40.00c 886,000 2021 FY: $41.59m 2021 HY: 15.00c 2021 HY: 616,000 Half Year Results 2022 2
Slide 4: Financial Review
Financial Review David Seekings, CFO Half Year Results 2022 3
Slide 5: Group Income Statement
Group Income Statement • Revenue +58% o US $505.9m; UK $9.7m H1 2022 H1 2021 FY 2021 $'000 $'000 % $'000 • Gross profit +55% o Margin % broadly stable given Revenue 515,536 326,808 58% 787,322 difficult supply situation Gross profit 147,943 95,606 55% 226,023 o Product cost inflation partially offse
Slide 6: Cash Flow
Cash Flow H1 2022 H1 2021 FY 2021 $'000 $'000 $'000 At start of period 41,589 39,766 39,766 Operating profit 43,983 3,595 30,646 • Strong cash generation resulting Share option non-cash charges 442 321 602 primarily from YOY increase in Pension admin costs 175 172 340 operating profit Loss on dispos
Slide 7: Balance Sheet
Balance Sheet H1 2022 H1 2021 FY 2021 $'000 $'000 $'000 Fixed assets 26,767 25,141 25,712 • Fixed assets includes solar array Right-of-use assets 11,153 12,395 11,725 • Pension fund remains in surplus on Deferred tax assets 579 3,857 600 IAS 19 basis Retirement benefit asset 717 - 1,974 o Ongoing co
Slide 8: Operational Review
Operational Review Kevin Lyons-Tarr, CEO Half Year Results 2022 7
Slide 9: Market
Market ASI Industry Sales North America 2000 - 2021 $bn • Q1 2022 industry sales up 5.4% 28.0 25.8 over Q1 2021; Q2 estimates not yet 26.0 24.7 24.0 22.9 23.6 23.2 published 21.5 22.0 22.0 20.5 20.7 20.0 18.6 19.6 19.8 18.5 19.4 • 4imprint Q1 market share 4.5% vs. 17.8 18.0 16.5 16.9 17.4 3.3% in Q1
Slide 10: Marketing Effectiveness
Marketing Effectiveness • Total H1 marketing spend $62.9m, US and Canada Acquired and Retained % +5% over H1 2021 $59.9m, (2019 50% 80,000 $79.2m) 45% 70,000 • Further ‘reshaping’ of marketing 40% mix combined with strong new 60,000 35% customer acquisition, recovering retention rates and improving
Slide 11: Operational Update
Operational Update People • A crucial element in our success, delivering outstanding customer service at a time of record-breaking order volumes and a challenging supply situation; validates the decision not to lay off any team members during the pandemic. • Success so far in attracting additional t
Slide 12: Operational Update: Solar Array Project
Operational Update Solar Array Project • ~$2m, 2,660 panel solar array project at the Oshkosh DC site announced with FY 2021 results originally due to be operational in late Q3/early Q4 now partially operational. Solar panel installation complete, and will be fully operational by end of August. • Ar
Slide 13: Outlook
Outlook The Board remains very confident in the Group’s strategy, the strength and resilience of its business model and its competitive position. This confidence is expressed in our expectation of reaching our long-held revenue target of $1bn during the 2022 financial year. At the same time, the Boa
Slide 14: Q&A
Q&A imprint 7 ‘imprint Ai ; imprint: Half Year Results 2022 B
Slide 15: Financial Guidance
Financial Guidance • Capex: $9.0m • IFRS 16 – leases • Depreciation charge (non-IFRS 16): $4.1m o Balance sheet (Dec 2022) ❑ Right of use assets: $10.5m • Effective tax rate: 24% ❑ Lease liability: $11.1m • IFRS 2: share-based payments: $0.8m o P&L (FY 2022) ❑ Depreciation: $1.4m • Own share transac