Interim Results and Strategy Update
Kevin O'Byrne - Chief Financial Officer
Group performace overview
Group performace overview
Retail sales growth by category
Sales performance versus market
GM&C performance versus market
Underlying profit before tax
Financial Services: UPBT bridge
Financial Services: management action
Financial Services: quality of book
Financail Services: balance sheet
Items excluded from underlying results
Net debt and retail free cash flow
Simon Roberts - Chief Executive Officer
90% of Argos sales are now online
Customers are positive about how we are handling the crisis
Dynamic market conditions
Key consumer trends and priorities
Building on our brand and strong assets
Listening to our stakeholders
Driven by our passion for food
In the next 3 years we will transform our business
Delivering better value to customers
We will reignite food innovation
We will reignite food innovation
Our Net Zero sustainability plan
Groceries Online: growing volume, improving profitability
Groceries Online: driving productivitiy
Convenience: accelerating our ambition
Argos: accelerating store rationalisation
Argos: lower cost to serve, improved customer offer
Expanding the reach of the Habitat brand
Nectar: supporting Food First, accelerating media revenue plans
Nectar: supporting the portfolio, growing the coalition
Strategic cost reduction: £600m additional headroom
Key cost reduction imperatives
Technology investment supporting performance and efficiency
Creating the team to deliver
Delivering for shareholders
In the next 3 years we will transform our business