IG Design Group Plc Full Year Results 2020 Announcement
An update on helping people celebrate life’s special occasions and inspiring individuals’ creativity
What’s Covered
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Executive Review
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Results Highlights
Our Business at a Glance
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STRONG 2020 REVENUE GROWTH AND A ROBUST START TO 2021
The resilience, adaptability and enterprising nature of our business has been fully tested during the year by the global pandemic and unprecedented trade tariffs. Notwithstanding this, we have delivered good revenue growth and reduced average leverage, below 1x.
Despite these challenges it has also been a year of exciting opportunities, including our largest ever acquisition, which provides significant scope for future expansion as well as considerable integration and synergy benefits.
More than ever before, our customers value the portfolio of expertise, products, brands and services that we provide. Our commitment to providing quality and value, innovation and compliance as well as our ever- improving sustainability credentials, have further enhanced our relationships with many of the world’s most successful retailers.
Whilst the period ahead remains uncertain our orderbook exceeds $500 million and we are confident in not only our resilience, but our ability to return to significant growth. By ‘Working with the winners’ – customers, suppliers, product categories and brands – our team is well placed to continue to deliver value to shareholders into the future.
Group CEO
Group CFO
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Full Year Results Presentation
Delivering Our Commitment to Shareholders
Results Highlights
Delivering Growth
Adjusted EPS
Aim to deliver double digit three year compound annual growth
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2016:
13.1
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2017:
18.4
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2018:
21.9
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2019:
29.1
-
2020:
26.9
Adjusted EPS (pence). 3 year CAGR: 13%. 2020 reported diluted earnings per share 16.9p (2019: 15.9p).
Revenue
+10%
2019: £448.4m
Adjusted profit before tax
2019: £30.3m
Reported profit before tax
2019: £17.3m
Generating cash
Average leverage
Sustain long term average leverage between 1.0x and 2.0x
-
2016:
3.2x
-
2017:
2.3x
-
2018:
1.5x
-
2019:
1.3x
-
2020:
0.9x
Average leverage.
Average bank debt
2019: £48.8m
Adjusted EBITDA
+24%
2019: £38.7m
Adjusted EBITDA pre IFRS16
+4%
2019: £38.7m
Improving returns
Dividend
Trend upwards until 2.5x covered (40% pay out)
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2016:
2.5
-
2017:
4.5
-
2018:
6.0
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2019:
8.5
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2020:
8.75
Dividends (pence)
Cash conversion
2019: 130.5%
Return on capital employed
2019: 24.3%
Design Group
Our Business at a Glance
We’re all around the world
We’re truly international, with 11,000 customers selling our products through over 210,000 stores across more than 80 countries, we enjoy considerable market presence around the world.
Revenue by Destination
Focused on our five major product categories of Celebrations, Gifting, Craft and creative play, Stationery and ‘Not-for-resale’ consumables, we leverage our Group size and expertise whilst retaining local market knowledge and relationships through our local businesses.
Revenue by Season
Revenue by Category
Revenue by Source
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PI World Interview
IG Design Group Plc