City Chic Collective Limited Interim FY21 Results

Results Highlights

•  Comparable sales growth of 20.8% excluding Victorian store closures, 12.7% including Victorian store closures1
•  Sales Revenue of $119.0m, representing 13.5% growth vs 1H FY20
•  Underlying EBITDA of $23.3m2, representing 21.8% growth vs 1H FY20 and an EBITDA margin of 19.6% (1H FY20: 18.2%)
•  Normalised operating cash flow of $21.5m (1H FY20: $17.1m)
•  Statutory NPAT of $13.1m, representing 24.8% growth vs 1H FY20
•  Global customer base growth of 56% YoY to 801k active customers
•  Online sales growth of 42% vs 1H FY20, off a high base with 73% of sales from the online channel (FY20: 65%, 1H FY20: 53%)3
•  45% of sales from the northern hemisphere (FY20: 42%, 1H FY20: 29%)3
•  Strong balance sheet with net cash of $83m at 27 December 2020 and undrawn debt facility of $40.0m; completed $111.1m equity raise in July-August 2020
•  Completed acquisition of dominant plus-size brand Evans in the United Kingdom