MR PRICE GROUP LIMITED H1 FY2022
Interim Results to 2 October 2021
01 02 03 04
Backdrop | Performance | Value creation | Looking ahead | |||
01
Backdrop
Retail Environment Overview and Group Performance
By Mark Blair - CEO
4 External challenges
COVID-19 and supply chain
Adjusted | Level 3 | Level 4 | Level 5 | Civil | Global supply | |||||
lockdown level | lockdown | lockdown | lockdown | unrest | chain disruption |
COVID-19 | COVID-19 | COVID-19 | |
1st wave | 2nd wave | 3rd wave | |
(all stores
closed)
Adjusted Level 3
& 4 lockdown
Apr 20 | May 20 | Jun 20 | Jul 20 | Aug 20 | Sep 20 | Oct 20 | Nov 20 | Dec 20 | Jan 21 | Feb 21 | Mar 21 | Apr 21 | Jun 21 | Jul 21 | Aug 21 | Sep 21 |
[MWh]
Load shedding
2 000 | |
1 800 | Energy shed, upper-limit |
- 600
- 400
1 200
1 000 | ||||||||||||||
800 | ||||||||||||||
600 | ||||||||||||||
400 | ||||||||||||||
200 | ||||||||||||||
0 | ||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Stage 1 | Stage 2 | Stage 3 | ||||
Stage 4 | Stage 5 | Unknown | ||||
Eskom | Jarrad Wright - independent analyst
5 Rising to the challenges
Multiple external headwinds during H1 FY2022
Consumer confidence at -10 index points
COVID-19 third wave:
lockdown restrictions impacting economic activity
Highest loading shedding frequency in any year since inception
Civil unrest - 111 stores looted
Global supply chain disruption
Group H1 FY2022 response & performance
Earnings per share exceed pre COVID-19 levels
Gained 210bps of market share. 50bps excl acquisitions
New departments collectively account for ~4% of group sales
Online: sales doubled vs FY2020. Over 1m monthly app users
90% of stores re-opened after looting. 48 new stores opened
Power Fashion acquisition effective 1 Apr 21; Yuppiechef 1 Aug 21 Sourced 39.2% of merchandise from SA (Africa: 53.1%)
Cash of R3.9bn available. Group remains debt free
Source: FNB/BER | Eskom
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Mr Price Group Limited published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 07:19:08 UTC.
