Headlam (HEAD) interim results presentation September 2022

Headlam Group CEO, Chris Payne presents interim results for the six months ended 30 June 2022 and an update on current trading. Commenting on the results, Chris Payne summarised saying: "The financial performance in the Period was pleasing given the economic environment and inflationary impact on consumer spending. Underlying profitability improved year on year, and revenue was only marginally below the prior year period despite a weak residential sector. Commissioned specialist research indicated that the Company improved its market share in the Period, and new customers have also been secured within the multiple retailers / larger customers space. All of this provides a high degree of confidence that the Company's strategy of driving additional revenue opportunities from a more efficient and modernised operating base and improving the service offering to all customers is the right one . Headlam should be set fair for when the current headwinds ease, and the Company is focused on long term success." 00:17 - Introduction & Agenda01:01 - About Headlam01:40 - Financial Highlights03:10 - Distribution of Sales04:08 - Income statement04:37 - Revenue Movement05:50 - Operating Profit06:67 - Cash Flow07:55 - Balance Sheet08:50 - Net Debt09:32 - Strategy10:43 - Trade Counters12:15 - Multiple retailers and large customers13:43 - Digital and E-Commerce14:56 - Products and brands16:19 - ESG update and Board18:55 - Current Trading, Outlook and Summary19:48 - Q&A Operating for 30 years, Headlam is the leading floorcoverings distributor, providing the channel between suppliers and trade customers of floorcoverings. Headlam works with suppliers across the globe manufacturing a diverse range of floorcovering products, and provides them with a cost efficient and effective route to market for their products into the highly fragmented trade customer base. To maximise customer reach, Headlam operates 66 businesses across the UK and Continental Europe (France and The Netherlands). Each business operates under its own trade brand and utilises individual sales teams to capture regional and national sales while being supported by the group's network and centralised teams and processes. The Company's extensive customer base covers both the residential and commercial sectors, with principal customer groups being independent retailers and smaller flooring contractors alongside other customer segments such as larger (multiple) retailers, housebuilders, specifiers, and larger contractors (including local government / authorities). Headlam provides customers with a market leading service through:· the broadest product offering;· unrivalled product knowledge;· tailored service propositions and solutions;· sales team and marketing support;· ecommerce support and digital applications;· nationwide delivery; and· trade counter and collection service.