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Mr Price Group (OTCPK:MRPL.Y) Earnings Call Presentation
2025-12-10 12:00
Mr Price Group Overview - Retail sales reached R39.4 billion, with apparel contributing 79.7%, homeware 16.9%, and telecoms 3.4%[8,9] - The group's revenue totaled R40.9 billion[10] - Cash sales accounted for 89.3% in South Africa and 97.9% in the rest of Africa[11] - The company has demonstrated a strong balance sheet with 39-year CAGRs of +17.2% for retail sales, +19.0% for operating profit, and +18.2% for HEPS[15] - The company has a cash balance of R3.0 billion and a cash conversion ratio of 81.8%[19] Acquisition of NKD Group GmbH - The enterprise value of NKD is €500 million, with a maximum purchase consideration of €487 million[77] - NKD operates 2,108 stores across 7 countries, with revenue of €685 million[55] - Germany accounts for 61% of NKD's net sales, followed by Italy at 20%, Austria at 13%, and other markets at 6%[60] - NKD's target customer is predominantly females aged 45 and above, with apparel accounting for 75% of the merchandising offering[62] - For the six months to June 2025, NKD's net sales were R6,951.14 million, and FY2024 (December 2024) net sales were R14,158.90 million[79]