2021 Preliminary Results

For the 52 weeks ended 1 January 2022

March 2022

Agenda

Highlights

Financial performance

Operational & strategic review

Current trading & outlook

2

Emerging stronger and better

  • Total sales up 5.3% on 2019 level to £1,229.7 million (2020: £811.3 million, 2019: £1,167.9 million)
  • Pre-taxprofit of £145.6 million (2020: £13.7 million loss, 2019: £108.3 million profit)
  • Strong cash position supporting planned capital investment programme and special dividend
  • Special dividend of 40p per share, in addition to total ordinary distribution of 57p for 2021
  • Colleague profit-sharing recommenced, will share £16.6 million with our people
  • Significant progress against strategic ambitions

3

2021 Financial Performance

Richard Hutton

4

Income & expenditure overview

2021

2020

2019

£m

£m

£m

Sales

1,229.7

811.3

1,167.9

EBIT / (LBIT) before exceptional items*

153.2

(6.2)

120.7

Finance expense (inc. leases)

(7.6)

(6.7)

(6.5)

Profit/(loss) before taxation and exceptional items

145.6

(12.9)

114.2

Net exceptional charge*

0.0

(0.8)

(5.9)

Profit/(loss) before taxation

145.6

(13.7)

108.3

Income tax (charge)/credit

(28.1)

0.7

(21.3)

Profit/(loss) after taxation

117.5

(13.0)

87.0

Diluted earnings/(loss) per share

114.3p

(12.9p)

85.0p

* Exceptional charges related to costs of restructuring supply chain operations in prior years

5

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Greggs plc published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 11:22:04 UTC.