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Kingfisher(KGFHY) - 2022 Q2 - Earnings Call Presentation
2022-09-20 16:02
Financial Performance - H1 sales reached £6,809 million, a decrease of 2.8% [67] - Like-for-like (LFL) sales decreased by 4.1%, but showed a 3-year LFL increase of 16.6% [12] - Adjusted Profit Before Tax (PBT) was £472 million, down 29% but up 40% compared to 2019 [12] - The interim dividend was declared at 3.80p, and a new £300 million share buyback program was announced in May 2022 [12] Geographic Performance - UK & Ireland sales were £3,221 million, with LFL sales down 11.6% but a 3-year LFL increase of 16.0% [68] - France sales were £2,325 million, with LFL sales down 3.0% but a 3-year LFL increase of 13.6% [68] - Poland sales were £913 million, with LFL sales up 25.9% and a 3-year LFL increase of 23.8% [68] E-commerce - Total e-commerce sales decreased by 19%, but showed a 3-year growth of 156%, representing 16% penetration compared to 7% in H1 19/20 [12] - B&Q marketplace launched in March 2022, achieved 100k new SKUs in <6 months and marketplace participation of 8% in August 2022 [50, 53] Strategic Initiatives - The company is managing cost inflation through own brands, discount banners, and competitive price index [32] - The company is actively managing operating costs and inventories to mitigate the impact of inflation [41] - The company is expanding Screwfix in the UK, Ireland, and France, with 821 stores open as of July 31, 2022 [54, 55]
Kingfisher(KGFHY) - 2022 Q2 - Earnings Call Transcript
2022-09-20 16:00
Kingfisher plc (OTCQX:KGFHF) Q2 2022 Earnings Conference Call September 20, 2022 4:00 AM ET Company Participants Majid Nazir - Investor Relations Thierry Garnier - Chief Executive Officer & Executive Director Bernard Bot - Chief Financial Officer & Director Conference Call Participants Anne Critchlow - SG Pam Liu - Morgan Stanley Simon Irwin - Credit Suisse Richard Chamberlain - RBC Warwick Okines - BNP Paribas Adam Cochrane - Deutsche Bank Georgina Johanan - JPMorgan Majid Nazir So couple of quick - fire a ...
Kingfisher(KGFHY) - 2021 Q4 - Earnings Call Transcript
2022-03-22 18:29
Financial Data and Key Metrics Changes - Kingfisher reported record revenue of £13.2 billion, up 10% on a like-for-like basis, and adjusted pretax profit of £949 million, up 21% year-on-year [4][75] - The group gross margin increased by 30 basis points, reflecting effective management of inflation and cost savings [5][76] - Retail profit margin increased by 80 basis points to 7.2%, with free cash flow strong at £385 million [77][84] Business Line Data and Key Metrics Changes - The UK & Ireland segment saw sales growth of 13.4%, with B&Q's like-for-like sales up 12.3% and Screwfix's up 10.9% [78] - France's sales grew by 9%, with a retail profit increase of 28% to £221 million [80] - Poland's like-for-like sales growth was lower at 0.3%, impacted by store closures, but space growth contributed 4.7% to total sales [81] Market Data and Key Metrics Changes - Kingfisher's sales CAGR from 2019 to 2021 was 10%, compared to 4% for the home improvement market [9] - The company is gaining market share, with strong performance in both DIY and DIFM segments, particularly in the UK and France [21][23] - TradePoint outperformed the rest of B&Q with like-for-like sales up 20% [78] Company Strategy and Development Direction - Kingfisher is focused on accelerating investment for growth, particularly in e-commerce and trade customer engagement [6][39] - The company aims to increase its own exclusive brand (OEB) sales to 60% by 2025, currently at 45% [31][50] - Strategic initiatives include expanding Screwfix in the UK and France, and enhancing the digital marketplace [39][45] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by inflation and geopolitical issues but expressed confidence in the company's ability to manage these effectively [11][105] - The company is committed to delivering value for customers and maintaining strong execution in a competitive environment [14][108] - Future growth is expected to be supported by strong demand drivers and continued investment in strategic areas [7][106] Other Important Information - Kingfisher has no direct business exposure to the Ukraine crisis and has ceased sourcing from Russian and Belarusian suppliers [11][12] - The company has implemented significant cost reduction programs and achieved a 100 basis points reduction in the operating cost-to-sales ratio [95][96] - Kingfisher's commitment to sustainability includes a target to help at least two million people with housing needs by 2025 [32] Q&A Session Summary Question: What is the percentage of online sales in B&Q and Castorama? - Online sales for B&Q are comfortably above 10%, while French banners are above 5% [110][115] Question: What is the average lease length in B&Q and flexibility for rightsizing stores? - The company is satisfied with the current store sizes and has a long-term plan for rightsizing, with no immediate pressure [112] Question: What percentage of customers might be using the NeedHelp marketplace? - NeedHelp has been rolled out across B&Q and Poland, with growth in the number of jobs completed [114]
Kingfisher(KGFHY) - 2022 Q4 - Earnings Call Presentation
2022-03-22 11:26
King fisher KINGFISHER PLC FULL YEAR RESULTS 12 months to 31 January 2022 22 March 2022 Disclaimer You are not to construe the content of this presentation as investment, legal or tax advice and you should make your own evaluation of the Company and the market. If you are in any doubt about the contents of this presentation or the action you should take, you should consult a person authorised under the Financial Services and Markets Act 2000 (as amended) (or if you are a person outside the UK, otherwise dul ...
Kingfisher(KGFHY) - 2021 Q2 - Earnings Call Transcript
2021-09-21 17:22
Kingfisher PLC Brands, Inc. (OTCQX:KGFHF) Q2 2021 Earnings Conference Call September 21, 2021 4:00 AM ET Company Participants Thierry Garnier - CEO & Executive Director Bernard Bot - CFO & Director Majid Nazir - IR Conference Call Participants Warwick Okines - Analyst Adam Vettese - Analyst Paul Rossington - HSBC Anne Critchlow - Societe Generale Pam Liu - Morgan Stanley Thierry Garnier So good morning, everyone. Thank you for joining us. I'm Thierry Garnier, CEO of Kingfisher. I'm here with our CFO, Bernar ...
Kingfisher(KGFHY) - 2021 Q2 - Earnings Call Presentation
2021-09-21 16:16
King fisher KINGFISHER PLC HALF YEAR RESULTS 6 months to 31 July 2021 21 September 2021 Disclaimer 2 You are not to construe the content of this presentation as investment, legal or tax advice and you should make your own evaluation of the Company and the market. If you are in any doubt about the contents of this presentation or the action you should take, you should consult a person authorised under the Financial Services and Markets Act 2000 (as amended) (or if you are a person outside the UK, otherwise d ...
Kingfisher(KGFHY) - 2020 Q4 - Earnings Call Transcript
2021-03-22 18:55
Kingfisher plc (OTCQX:KGFHF) Q4 2020 Earnings Conference Call March 22, 2021 5:00 AM ET Company Participants Thierry Garnier - CEO Bernard Bot - CFO Conference Call Participants Richard Chamberlain - RBC Simon Irwin - Crédit Suisse Warwick Okines - Exane BNP Paribas Anne Critchlow - Societe Generale James Grzinic - Jefferies Kate Calvert - Investec Tony Shiret - Panmure Gordon Lorenzo Margiotta - Bank of America Paul Rossington - HSBC Thierry Garnier Thank you, and good morning, everyone. Thank you for join ...
Kingfisher(KGFHY) - 2021 Q4 - Earnings Call Presentation
2021-03-22 17:27
| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | Disclaimer 2 You are not to construe the content of this presentation as investment, legal or tax advice and you should make your own evaluation of the Company and the market. If you are in any doubt about the contents of this presentation or the action you should take, you should consult a person authorised under the Financial Services and Markets Act 2000 (as amended) (or if you are a person ...
Kingfisher(KGFHY) - 2020 Q2 - Earnings Call Presentation
2019-09-18 11:32
Kingfysher 6 months to 31 July 2019 18 September 2019 Kingfisher plc half year results Disclaimer You are not to construe the content of this presentation as investment, legal or tax advice and you should make you own evaluation of the Company and the market. If you are in any doubt about the contents of this presentation or the action you should take, you should consult a person authorised under the Financial Services and Markets Act 2000 (as amended) (or if you are a person outside the UK, otherwise duly ...