H&T Group (HAT) 2023 interim results presentation - August 2023

H&T Chief Executive, Chris Gillespie and CFO, Diane Giddy, present interim results for the six months ended 30 June 2023. H&T Group is the largest pawnbroker and leading retailer of high-quality new and pre-owned jewellery and watches. Chris Gillespie, Chief Executive00:18 Introduction00:45 H&T at a glance02:50 Breakdown by profit03:20 Headline achievements05:38 Financial headline summary Diane Giddy, CFO07:00 Segmental profits07:54 Income statement08:50 Operating costs10:43 Operational leverage11:05 Balance sheet11:43 Cash flow statement12:39 Segmental results Chris Gillespie, Chief Executive16:38 Store metrics18:35 Investment strategy21:00 ESG22:03 Business focus & outlook23:41 H&T investment case 26:00 Q&A H&T Group plc is a United Kingdom-based non-trading holding company. The principal activities of the Company and its subsidiaries include pawnbroking, gold purchasing, retail of new and pre-owned jewelry and watches, cheque cashing, unsecured lending, and other related services operated through Harvey & Thompson Limited. Its segments include pawnbroking, gold purchasing, retail, pawnbroking scrap, personal loans, foreign exchange and other services. The pawnbroking segment is engaged in providing secured loans against collateral (the pledge). Its gold purchasing segment is engaged in buying jewelry directly from customers through its stores. The retail segment is engaged in retail sales of primarily gold, jewelry and watches, and the retail sales are forfeited items from the pawnbroking pledge book or refurbished items from its gold purchasing operations. Its pawnbroking scrap segment consists of gold scrap sales of its inventory assets other than those reported within gold purchasing.