Headlam Group (HEAD) Half Year results presentation - September 2023

Headlam Group Chief Executive, Chris Payne and Chief Financial Officer, Adam Phillips present results for the the first six months of the year to 30 June 2023, followed by Q&A. Chris Payne, Chief Executive 00:16 – Introduction 00:51 – About Headlam 01:27 – H1 2023 Highlights Adam Phillips, Chief Financial Officer 03:43 – H1 2023 Financial Highlights 05:26 – Revenue 06:41 – UK distribution volumes 08:02 – Income statement 09:23 – Operating costs 10:22 – Operating profit 11:02 – Mitigating actions 11:40 – Non underlying items 12:15 – Cashflow 13:26 – Balance sheet 14:00 – Net Debt Chris Payne, Chief Executive 14:38 – Strategic pillars 15:41 – Strategic growth initiatives 19:48 – Sustainability and ESG 20:49 – Current trading 22:16 – Capital Allocation 23:47 – Summary 24:16 – Q&A Operating for over 30 years, Headlam is the UK’s leading floorcoverings distributor. The Group works with suppliers across the globe manufacturing the broadest range of products, and gives them a highly effective route to market, selling their products into the large and diverse trade customer base. The Group has an extensive customer base spanning independent and multiple retailers, small and large contractors, and housebuilders. It provides its customers with a market leading service through the largest product range, in-depth knowledge, ecommerce and marketing support, and nationwide next day delivery service. To maximise customer reach and sales opportunity, Headlam operates 68 businesses and trade brands across the UK and Continental Europe (France and the Netherlands), which are supported by the group’s network, central resources and processes.