The Warehouse Group Limited FY22 Result

The Warehouse Group FY22 annual result announcement Second highest Group sales ever of $3.3B as Kiwis seek out affordable products in another challenging year Highlights include: o Group sales of $3.3 billion, down 3.5% on prior year, up 3.8% on FY20 o FY22 gross profit margin decreased compared to FY21, but improved during the year with FY22 H2 gross profit margin of 36.1% up 140 basis points from FY22 H1 gross profit margin of 34.7% o Reported Net Profit After Tax of $89.3 million - down 18.3% on prior year o Adjusted Net Profit After Tax of $85.5 million - down 48.9% on prior year o Both reported and adjusted NPAT reflect $11.4 million (after tax) reduction due to accounting treatment of cloud computing software arrangements o Group online sales up 39.8% and making up 15.3% of total Group sales, and within this, click and collect up 54.9% and making up 49.0% of total Group online sales1 o Strong growth in MarketClub, our new Group membership programme, acquiring nearly 600,000 active members in first 10 months o MarketMedia announced as new unified retail media platform, with retail media revenue growing +23% on prior year to $20.9M o Final dividend of 10.0 cents per share declared, resulting in full year dividends of 20.0 cents per share. Please refer to the attached: 1. Results Announcement 2. FY22 Investor Presentation 3. Media Release 4. Annual Report 2022 5. Corporate Action Notice 6. Quarterly Sales Report End CA:00399491 For:WHS Type:FLLYR Time:2022-09-28 08:30:10