Games Workshop Group Plc · LSE:GAW
Games Workshop — FY2019/20 Earnings Presentation
15 slides from Games Workshop's earnings presentation, 2020
Slide 1: Games Workshop Group PLC Full year results 2019/20
Games Workshop Group PLC Full year results 2019/20
Slide 2: Our strategy
Our strategy To make the best fantasy miniatures in the world, to engage and inspire our customers, and to sell our products globally at a profit. We intend to do this forever. Our decisions are focused on long-term success, not short-term gains.
Slide 3: Sales by Channel
Sales by Channel 160 +15% 140 120 100 -11% 80 Millions 60 +9% 40 20 0 Trade Retail Online 2018-19 2019-20
Slide 4: Sales by Territory
Sales by Territory 120 +7% 100 80 +2% +6% 60 Millions 40 +1% +13% 20 0 UK CE NAS ANZ ROW 2018-19 2019-20
Slide 5: Core business operating profit %
Core business operating profit % (Excluding exceptional costs and royalty income)) 30 29 27 27 25 20 20 % 15 10 9 5 0 2016 2017 2018 2019 2020
Slide 6: Return on capital %
Return on capital % (pre licensing income and pre exceptional costs)) 120 120 100 100 94 80 72 % 60 40 27 20 0 2016 2017 2018 2019 2020
Slide 7: Key financials - year to May 2020
Key financials - year to 31 May 2020 Sales up 5% (+£13m) to £270m Gross margin down 0.5% to 67.0% Costs up £4m to £107m Royalties up £6m to £17m Profit up £8m to £89m
Slide 8: Costs
Costs Costs up £4.0m: Opening new stores of £3.0m Profit share and PRP down £3.4m Central costs up £2.9m Variable costs related to sales growth up £1.7m
Slide 9: Cash
Cash In the 12 months our cash increased by £70.5m, before dividends This is after capital investments of £18.6m Dividends paid in the year of £47.3m (145p per share) Net cash balance of £52.9m at end of May 2020
Slide 10: Investments 2019-20
Investments 2019-20 23 new stores (£0.6m) Investment in core IT systems (£3.4m) – includes work on new ERP (£1.8m) Investment in key equipment in the factory (£2.4m) Investment in tooling (£3.9m) Investment in additional capacity (£6.8m) – includes Leenside (£3.6m) and £2.0m for US warehouse 9
Slide 11: Investments 2020-21
Investments 2020-21 Investment in additional capacity in warehouses both in Nottingham and Memphis Investment in core IT systems - ERP Continued investment in key equipment in the factory 9
Slide 12: Investment in capacity: inside EMG
Investment in capacity: inside EMG
Slide 13: Investment in capacity: Memphis
Investment in capacity: Memphis
Slide 14: Media and entertainment
Media and entertainment In the last 12 months we have: • produced a cinematic trailer for Warhammer 40,000, the most popular video we have ever released. • finished development and begun production on three Warhammer 40,000 animated series: -Angels of Death -Hammer and Bolter -Interrogator
Slide 15: Media and entertainment
Media and entertainment Media and entertainment Current projects signed: Eisenhorn – TV project Fatshark – interactive Sega – interactive Watch our 40K trailer at: • https:/`www.youtube.com/watch?v=B9V0bOB8sXQ
Games Workshop Group — FY2019/20 Earnings Presentation on 6ix