Interim Results 2021 / 22
Simon Roberts - Chief Executive Officer
Kevin O’Byrne - Chief Financial Officer
Retail sales growth by category
Group performance overview
Group performance overview
Underlying profit before tax
Items excluded from underlying results
Net debt and Retail free cash flow
Simon Roberts - Chief Executive Officer
Customer behaviour continuing to normalise
Continued growth in digital sales, significantly ahead of 19/20
Growing ahead of the market on a one-year and two-year basis
We are delivering on our priorities
Delivering against our plan
Strong grocery volume gains from competitors
Delivering better value to customers
Value: investment in key centre of plate and fresh categories
Value: Sainsbury’s Quality, Aldi Price Match
Value: continued improvement on price position vs competitors
Value: price investment driving “halo” volume uplift
Food Innovation: transforming new product development
Food Innovation: Helping Everyone Eat Better
Online demand still very strong despite normalisation
Unique breadth of online grocery options for customers
Biggest online market share winner: now market #2
Strong online productivity
Plan for Better: bold commitments to drive positive change
Nectar: growing digital customer base, advancing personalisation
Nectar360: key B2B revenue streams
Nectar Profit Growth: driven by Digital Media
Argos: digital transformation, category breakdowns
Argos transformation: lower cost to serve by £105m
Habitat brand relaunch: driving home and furniture performance
Clothing: a stronger, more profitable business
Financial Services: strategy focused on Sainsbury’s customers
Strategic cost reduction plan on track
Accelerating cost savings
Key cost saving programmes
Moving at pace to change the business
Delivering for shareholders
We are delivering on our priorities