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    THG   GB00BMTV7393

THG PLC

(THG)
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Delayed Quote. Delayed London Stock Exchange - 10/15 11:37:01 am
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

THG : Half-Year Results 2021

09/16/2021 | 02:52am EDT

Half-Year Results 2021

16 September 2021 Strictly privileged & confidential

Half-Year 2021 Trading Statement

  • Strong start to the year with Group revenue of £958.8m, +44.7% YoY (CCY)
  • On a 2 year basis, sales growth of 95.0% (CCY) across all business units
  • Outstanding growth in Beauty of +145.8% (CCY) on a 2 year basis, including a contribution from Perricone MD, Dermstore and Bentley Laboratories, all acquired within the last twelve months
  • Nutrition growth of +30.2% (CCY), supported by enhanced in- house innovation capabilities through the acquisitions of Claremont, Berrymans and Brighter Foods
  • Strong Ingenuity Commerce contract momentum with sales growth of 165.5%. Record number of websites launched in the first half of 2021, with continued growth in clients across a range of verticals
  • Adjusted EBITDA* of £81.2m, +38.6% YoY
  • Net Cash of £384.6m following a successful placing in May where gross proceeds of >$1bn were raised

H1 2021

H1 2020

YoY

YoY CCY

2 Yr

2 Yr CCY

Growth

Growth

Growth

Growth

£'m

THG Beauty

460.8

295.6

+55.9%

+59.0%

+142.2%

+145.8%

THG Nutrition

328.4

258.0

+27.3%

+30.2%

+66.1%

+67.3%

THG Ingenuity

85.8

61.4

+39.7%

+42.5%

+40.5%

+43.9%

THG OnDemand

51.6

35.4

+45.6%

+48.7%

+133.5%

+136.2%

Other

32.2

25.3

+27.3%

+22.4%

+22.4%

+16.8%

Group Revenue

958.8

675.7

+41.9%

+44.7%

+92.7%

+95.0%

Ingenuity Commerce

18.3

6.9

+165.5%

+165.5%

+621.2%

+621.2%

S A L E S B Y D I V I S I O N

3%

9%

4%

9%

THG Beauty

6%

5%

H1 2021

H1 2020

THG Nutrition

THG OnDemand

34%

48%

38%

44%

THG Ingenuity

Other

2

*Adjusted EBITDA is defined as operating profit before depreciation, amortisation and adjusted items. Note: Above numbers and table subject to rounding. CCY defined as constant

currency basis. Removing fluctuations arising from translation of foreign exchange

Operational and Strategic Highlights

I N V E S T I N G F O R G R O W T H

  • Integration of 2021 acquisitions Dermstore, Bentley Labs and Brighter Foods all on track
  • Signed landmark option and collaboration agreement with SB Management Limited ("SBM"), a wholly owned subsidiary of SoftBank Group Corp, to explore commercial arrangements between THG's and the SBM respective affiliates
  • THG recognised as one of the 'Best Companies' Top 25 Best Big Companies to Work for 2021, alongside improving agile working practices across the Group
  • THG Detect, which is used by THG's own brands and THG Ingenuity partners, won Most Innovative Online/Supply Chain Solution and was Highly Commended in the Loss Prevention Online/Supply Chain Team of the Year category at Retail Risk's Fraud Awards 2020
  • Commitment to further invest in 3.6 million sq. ft. of fulfilment and personalisation capacity at key locations globally to support THG's own-brands and Ingenuity clients

>$1bn

£500m

>200%

>26,000

4.6m

Gross proceeds raised

Invested in M&A in

Increase in fulfilment

"THG Society" influencer

App downloads since first

in placing

H1 2021

capacity over three years

platform expansion

brand launch

3

Strategic Update

THG Beauty to be separated and listed on a public share-trading exchange in 2022

The commitment to list THG Beauty reflects the continued strong organic growth of the division and its position as the industry's digital strategic partner globally, supported further by its growing US footprint and vertically integrated model

A separate listing for THG Beauty will position the business well to continue to invest capital in its key growth areas, including own- brand portfolio expansion

The commercial details of the long-term,arm's-length Ingenuity contract with THG Beauty will be disclosed during the first half of FY 2022

Presented by:

John Gallemore (Group CFO and CEO, THG Ingenuity)

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

THG Holdings plc published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 06:51:04 UTC.


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Sales 2021 2 217 M 3 049 M 3 049 M
Net income 2021 -74,6 M -103 M -103 M
Net Debt 2021 103 M 141 M 141 M
P/E ratio 2021 -56,4x
Yield 2021 -
Capitalization 3 530 M 4 858 M 4 854 M
EV / Sales 2021 1,64x
EV / Sales 2022 1,27x
Nbr of Employees 6 676
Free-Float 59,6%
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Number of Analysts 12
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Managers and Directors
Matthew John Moulding Executive Chairman & Chief Executive Officer
John Andrew Gallemore Chief Financial Officer & Director
Schalk van der Merwe Chief Technology Officer
Dominic Patrick Murphy Independent Non-Executive Director
Zillah Ellen Byng-Thorne Senior Independent Director
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