Clipper Logistics : 2021 Full Year Results Presentation (PDF)

Logistics Evolved: Enabling Retail

Full year results for the 12 months ended 30 April 2021

Agenda

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Financial highlights	3
A unique platform to accelerate growth & profitability	6
ESG	14
Headline financials	21
Summary and outlook	26
Q&A	28

2

Financial highlights

Full year results for the 12 months ended 30 April 2021

Financial highlights: online drives strong results

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Total revenue growth of 39.1% to £696.2m (2020: £500.7m)- 19.4% CAGR since IPO in 2014

E-commerce related revenue growth of 52.0% to £420.9m (2020: £277.0m)

Strong underlying Group EBIT growth of 52.4% (IAS 17 basis) to £31.4m (2020: £20.6m).

Introduction of IFRS16 and property lease depreciation flattens underlying EBIT growth to 37.2%, in line with revenue growth of 39.1%

Cash generated from operations: strong growth of +44.0% to £86.9m (2020: £60.4m)

• The EBIT, profit after tax and EPS comparatives for FY20 exclude £3.5m of negative goodwill arising on a business combination under IFRS 3	4

Financial highlights: online drives strong results

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Net debt of £16.9m with £31.7m of capex on back-to-back contracts with clients - leverage ratio (net debt/EBITDA) of 0.4x, falling further since year end

Underlying earnings per share growth of 62.6% to 21.3p (2020: 13.1p)

Strength of performance leads the Board to recommend a final dividend of 7.1p

Total dividend per share for the year of 11.1p (2020: 9.7p)

• The EBIT, profit after tax and EPS comparatives for FY20 exclude £3.5m of negative goodwill arising on a business combination under IFRS 3	5