The Foschini Group (F1WA) 2025 Earnings Call Presentation

TFG Group Performance & Strategy - TFG achieved a strong 5-year Compound Annual Growth Rate (CAGR) of 10.5% through organic expansion and strategic acquisitions[175] - TFG Africa achieved a 5-year CAGR of 12.5% with a continued focus on store optimization[176] - TFG Africa is diversifying categories, with significant investment in Value and Homeware, and now Beauty, targeting R4.5 billion by 2029 in the beauty market[182, 186] - TFG London forecasts £0.5 billion turnover in FY26, representing 15% of total TFG at March '25[235] Financial Targets & Projections - TFG aims for a 3-year Total Africa CAGR of 12.9% in turnover, reaching R57.873 billion by FY28[110] - TFG projects a 3-year EBIT CAGR of 15.9%, reaching R11.169 billion by FY28[110] - TFG targets an EBIT margin of 14% and ROCE of 18% by 2028[110, 211] - TFG Australia is targeting a $1 billion business with an EBIT margin >10%[264] Strategic Initiatives - TFG plans to build out its Value-stack from R2 billion in FY20 to R14.7 billion by FY28[32] - TFG is expanding local apparel sourcing to 82% and has added 4 furniture and homeware factories[20] - TFG aims to generate R1.5 billion in omni sales turnover by FY28 through omni selling[165]