Accent : FY22 Appendix 4D and Half Year Accounts

For personal use only

Accent Group Limited

ABN 85 108 096 251

Appendix 4D

Half-year Report

Appendix 4D

1. COMPANY DETAILS

Name of entity:	Accent Group Limited
only
ABN:	85 108 096 251
Reporting period:	For the half-year ended 26 December 2021 (26 weeks)
Previous period:	For the half-year ended 27 December 2020 (26 weeks)

2. RESULTS FOR ANNOUNCEMENT TO THE MARKET

Percentage
change	Amount
%	$'000

Revenue from ordinary activitiesup 12.2% to 536,490

use
	Profit after income tax for the period	down	72.0%	to 14,759
	Dividends
				Franked
		Amount per	amount per
			security	security
			Cents	Cents
personal	2021 Final dividend		3.25	3.25
2022 Interim dividend		2.50	2.50
half-year ended 26 December 2021 and the notes to the financial statements.
	Dividend payment date:
	- 2021 Final dividend	16 September 2021
	- 2022 Interim dividend	17 March 2022
	3. NET TANGIBLE ASSETS PER SECURITY
		26 Dec 2021	27 Dec 2020
			Cents	Cents
	Net tangible assets per ordinary security	10.79	14.72

Net tangible assets are calculated by deducting intangible assets from the net assets of the Group.

4. OTHER INFORMATION

This report is based on the consolidated financial statements which have been reviewed by Deloitte.

For further explanation of the figures above please refer to the ASX Announcement dated 22 February 2022 on the results for the For

For personal use only

Interim Report

26 December 2021

Accent Group Limited

ABN 85 108 096 251

Interim Report

26 December 2021

For personal use only

Contents

26 December 2021

2 Directors' Report

1. Auditor's Independence Declaration
2. Statement of Profit or Loss and Other Comprehensive Income
3. Statement of Financial Position
4. Statement of Changes in Equity
5. Statement of Cash Flows
6. Notes to the Financial Statements

1. Directors' Declaration
2. Independent Auditor's Report

Accent Group Limited Interim Report 2021

1

Directors' Report

26 December 2021

The directors present their report, together with the financial statements, of the consolidated entity (referred to hereafter as the 'Consolidated Entity' or 'Group') consisting of Accent Group Limited (referred to hereafter as the 'Company' or 'Accent Group') and the entities it controlled at the end of, or during, the half-year ended 26 December 2021.

onlyDavid Gordon - Chairman

DIRECTORS

The following persons were directors of Accent Group Limited during the whole of the half-year and up to the date of this report, unless otherwise stated:

Daniel Agostinelli - Chief Executive Officer Stephen Goddard

Michael Hapgood

useDonna Player Joshua Lowcock Brett Blundy

Timothy Dodd - alternate Director for Brett Blundy

PRINCIPAL ACTIVITIES

Accent Group is a leading digitally integrated consumer business in the retail and distribution sectors of branded performance and lifestyle footwear, with over 700 stores and 32 websites across different retail banners, and exclusive distribution rights for 19 international brands across Australia and New Zealand.

The combined Group's banners and brands include The Athlete's Foot ('TAF'), Platypus Shoes, Hype DC, Subtype, The Trybe, PIVOT, Stylerunner, Glue Store, Vans, Skechers, Dr Martens, CAT, Timberland, Hoka One One, Saucony, Merell and Superga. Further, the Group also secured a 10-year distribution agreement for Reebok commencing March 2022.

The Group's focus on growing its owned brands and apparel presence continues to be a key strategic initative, with ten vertically owned brands including Nude Lucy, Article One, Stylerunner the Label, Exie and Alpha.

DIVIDENDS

Dividends paid during the half-year were as follows:

		Consolidated
		26 Dec 2021	27 Dec 2020
		$'000	$'000
	Final dividend for the year ended 27 June 2021 of 3.25 cents (2020: 4.00 cents) per ordinary share	17,611	21,675
		17,611	21,675
	In respect of the financial year ending 26 June 2022, the directors recommended the payment of an interim fully franked dividend
personal
of 2.50 cents per share to be paid on 17 March 2022.
The Group remains in a strong position with a flexible and resilient business model, a strong balance sheet and conservative
gearing levels.
For

Accent Group Limited Interim Report 2021

2