Financial Performance - The company's retail underlying operating profit increased to £485 million in H1 23/24 from £477 million in H1 22/23[24] - The underlying profit before tax remained flat at £340 million for both H1 22/23 and H1 23/24[25] - Retail free cash flow decreased from £759 million in H1 22/23 to £520 million in H1 23/24[28] - Basic earnings per share decreased slightly from 112 pence in H1 22/23 to 105 pence in H1 23/24[29] - The interim dividend per share remained constant at 39 pence for both H1 22/23 and H1 23/24[29] Sales and Market Share - Grocery volume share has shown consistent growth, reaching 118% in H1 23/24[5] - Total retail sales (excluding fuel) increased by 77% in H1 23/24 [23] - Total retail sales (including fuel) increased by 26% in H1 23/24 [23] Strategic Initiatives and Progress - The company has achieved significant cost savings, with £11 billion in cost savings delivered since March 2021 [98] - The company is improving its price competitiveness, with price index improvements against Aldi (1600bps), Tesco (220bps), and Lidl (1270bps) [9, 10, 11] - Online sales are back in growth, with a 78% increase in items picked per hour in Q2 YoY [80] Financial Services - Financial Services underlying operating profit decreased from £19 million in H1 22/23 to £13 million in H1 23/24[25] - Total customer lending in Financial Services decreased from £51 billion to £48 billion [33]

J Sainsbury PLC (OTCQX:JSNSF) Q2 2024 Earnings Conference Call November 2, 2023 5:00 AM ET Company Participants Simon Roberts - CEO Blathnaid Bergin - CFO Conference Call Participants Frederick Wild - Jefferies Andrew Gwynn - BNP Paribas Exane Izabel Dobreva - Morgan Stanley James Anstead - Barclays Bank Clive Black - Shore Capital Group Nick Coulter - Citigroup David Roux - Bank of America Merrill Lynch William Woods - Sanford C. Bernstein & Co. Sreedhar Mahamkali - UBS Simon Roberts Good morning, everyone ...

J Sainsbury plc (OTCQX:JSNSF) Q4 2023 Results Conference Call April 27, 2023 4:15 AM ET Company Participants Simon Roberts - Chief Executive Officer Blathnaid Bergin - Chief Financial Officer Conference Call Participants Andrew Gwynn - BNP Paribas Exane Clive Black - Shore Capital James Anstead - Barclays James Grzinic - Jeffries Simon Roberts Well, good morning, everyone, and welcome to our '22/'23 Full-Year Results Presentation. I'm really delighted to see everyone here this morning. It's the first time w ...

J Sainsbury plc Interim Results 2022/23 J Sainsbury plc Simon Roberts Chief Executive Officer Agenda 01 Progress against priorities 02 Financial highlights 03 Strategic highlights 3 J Sainsbury plc Interim Results 2022/23 Progress against priorities Financials Strategic highlights Our priorities • Better value and innovation • Underpinned by buying benefits and lower cost to serve • Customer and profit focus • Supporting the core food business • Structurally lower operating costs to fuel investment in the c ...

J Sainsbury plc Preliminary Results 2021/22 J Sainsbury plc Simon Roberts Chief Executive Officer Agenda Progress against priorities Financial highlights Strategic highlights 01 02 03 3 J Sainsbury plc Preliminary Results 2021/22 Progress against priorities Financials Strategic highlights Responding to a year of unprecedented change Customers and colleagues first • Market leading safety scores • Over £100m wage rate investment • Maintained increased online capacity Industry impact and change • Leveraged str ...

Call Start: 04:30 January 1, 0000 5:23 AM ET J Sainsbury plc (OTCQX:JSNSF) Q4 2022 Earnings Conference Call April 28, 2022, 4:30 AM ET Company Participants Simon Roberts – Chief Executive Officer Kevin O'Byrne – Chief Financial Officer Conference Call Participants Andrew Gwynn – Exane BNP Paribas James Anstead – Barclays Rob Joyce – Goldman Sachs James Grzinic – Jefferies William Woods – Bernstein Xavier Le Mené – Bank of America Securities Clive Black – Shore Capital Andrew Porteous – HSBC Nick Coulter – C ...

J Sainsbury plc (OTCQX:JSNSF) Q2 2022 Earnings Conference Call November 4, 2021 5:30 AM ET Company Participants | --- | |---------------------------------------------------------------------------------| | | | Simon Roberts - Chief Executive Officer Kevin O'Byrne - Chief Financial Officer | | Conference Call Participants | | William Woods - Bernstein | | Fabienne Caron - Kepler Cheuvreux | | Rob Joyce - Goldman Sachs | | Andrew Gwynn - Exane BNP Paribas | | Andrew Porteous - HSBC | Simon Roberts Good mornin ...

J Sainsbury PLC (OTCQX:JSNSF) Q4 2021 Earnings Conference Call April 28, 2021 4:30 AM ET Company Participants Simon Roberts - CEO Kevin OÂ'Byrne - CFO Conference Call Participants Nick Coulter - Citi Sreedhar Mahamkali - UBS Andrew Gwynn - Exane BNP Victoria Petrova - Credit Suisse James Anstead - Barclays Rob Joyce - Goldman Sachs Xavier Le Mené - Bank of America Borja Olcese - JP Morgan Thomas Davies - Berenberg Simon Roberts Good morning. Welcome to our 2020/2021 results presentation. Thank you everyone ...

Financial Performance - Group underlying profit before tax decreased by 39% from £586 million in FY19/20 to £356 million in FY20/21[15] - Retail operating profit decreased by 22% from £938 million in FY19/20 to £730 million in FY20/21[11] - Financial Services operating profit decreased from £48 million in FY19/20 to a loss of £(21) million in FY20/21[13] - Free cash flow increased by 28% from £611 million in FY19/20 to £784 million in FY20/21[20] - Net debt excluding leases decreased by £539 million from £1,179 million in FY19/20 to £640 million in FY20/21[20] Sales Performance - Total Retail FY Sales growth was 7.3%[9] - Grocery FY Sales were up by 8.3%[9] - General Merchandise FY Sales were up by 17.6%[9] - Clothing FY Sales were down[9] Digital Performance - Digital grocery sales increased by 120%[57, 107] - Argos digital sales increased by 68%[57] - Smartshop sales increased by 173%[57] Dividend - Total dividend per share for both FY19/20 and FY20/21 is 10.6p[22]

Financial Data and Key Metrics Changes - Retail sales, excluding fuel, increased by over 7%, while including fuel, retail sales decreased by 1% due to a 45% drop in fuel sales [2] - Retail operating profits rose by 27%, driven by strong execution and efficiency, despite COVID-related costs exceeding business rates relief benefits [3] - Group operating profit increased by 9%, with underlying profit before tax (UPBT) up 26%, benefiting from lower interest payments [4] - Statutory loss before tax was £137 million, primarily due to £438 million in non-cash charges related to restructuring and impairments [5] - Free cash flow was strong at £943 million, a 35% increase year-on-year [25] Business Line Data and Key Metrics Changes - Grocery sales continued to show strong growth, with online grocery sales doubling and accounting for 15% of total sales [38] - Clothing sales recovered strongly in the second quarter, aided by a 75% increase in online sales [7] - Argos maintained its growth rate in the second quarter, with 90% of sales now online [41][74] Market Data and Key Metrics Changes - Sainsbury's outperformed most grocery competitors in volume growth, achieving record customer satisfaction scores [9] - The competitive landscape is expected to intensify, particularly with the continued growth of online shopping and the presence of discount retailers [43] Company Strategy and Development Direction - The company aims to put food at the core of its strategy, focusing on improving value, innovation, and sustainability [55][58] - Plans include a significant transformation of the Argos model, closing around 420 standalone stores while opening new locations within Sainsbury's [75] - The company is committed to reducing operating costs by at least 2% to sales, creating additional capacity for investment [83] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a full-year group underlying profit before tax increase of at least 5% year-on-year [30] - The company anticipates ongoing COVID-related costs but remains focused on delivering for customers and shareholders [29] - Management highlighted the importance of adapting to changing consumer behaviors and the need for agility in operations [36] Other Important Information - A special dividend of 7.3p and an interim dividend of 3.2p were declared, reflecting the company's strong cash flow and commitment to returning value to shareholders [6][28] - The company expects total restructuring costs of around £900 million to £1 billion over the next three years, with cash costs of approximately £300 million [93][94] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session [97]