102% ONLINE SALES GROWTH DRIVES RECORD FIRST HALF SALES AND PROFITS

H1 FY2021 results highlights (vs H1 FY2020)

•  Total sales up 15.0% to $123.6 million o Like for like sales up 17.3% (including online sales and Victorian store sales during Q1 shutdown)

            ~24 months of consecutive LFL sales growth

            ~ Corporate store online sales up 102.0% to $37.6 million      (30.4% of total corporate store sales)

•  Gross profit margin up 340bps to 44.7%
•  NPAT up 85.5% to $14.2 million (H1 FY2020 - $7.6 million)
•  EPS up 85.4% to 11.6 cents per share (H1 FY2020 – 6.3 cents)
•  Operating cash flow up 41.7% to $41.5 million
•  Strong balance sheet with excellent liquidity; $41.1 million cash, no debt and $30 million debt facility headroom (30 June 2020 – net cash of $12.6 million)
•  Interim dividend up 52.4% to 3.2 cents per share, 100% franked (H1 FY2020: 2.1 cps, 80% franked)

PRESENTATION

https://www.asx.com.au/asxpdf/20210219/pdf/44stp5xb2n4tyb.pdf