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 Executive00:16 – Introduction00:51 – About Headlam01:27 – H1 2023 Highlights Adam Phillips, Chief Financial Officer03:43 – H1 2023 Financial Highlights05:26 – Revenue06:41 – UK distribution volumes08:02 – Income statement09:23 – Operating costs10:22 – Operating profit11:02 – Mitigating actions11:40 – Non underlying items12:15 – Cashflow13:26 – Balance sheet14:00 – Net Debt Chris Payne, Chief Executive14:38 – Strategic pillars15:41 – Strategic growth initiatives19:48 – Sustainability and ESG20:49 – Current trading22:16 – Capital Allocation23:47 – 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.