games workshop group plc · 2020-08-05 · our strategy to make the best fantasy miniatures in the...

Full year results 2019/20

Games Workshop Group PLC

Our strategy

To make the best fantasy miniatures in the

world, to engage and inspire our customers,

and to sell our products globally at a profit.

We intend to do this forever.

Our decisions are focused on long-term

success, not short-term gains.

Sales by Channel

0

20

40

60

80

100

120

140

160

Trade Retail Online

Mill

ions

2018-19 2019-20

+15%

-11%

+9%

Sales by Territory

0

20

40

60

80

100

120

UK CE NAS ANZ ROW

Mill

ions

2018-19 2019-20

+6%

+7%

+1% +13%

+2%

Core business operating profit %

9

20

29

27 27

0

5

10

15

20

25

30

2016 2017 2018 2019 2020

%

(Excluding exceptional costs and royalty income))

Return on capital %

27

72

120

100 94

0

20

40

60

80

100

120

2016 2017 2018 2019 2020

%

(pre licensing income and pre exceptional costs))

Key financials - year to 31 May 2020

Sales up 5% (+£13m) to £270m

Gross margin down 0.5% to 67.0%

Costs up £4m to £107m

Royalties up £6m to £17m

Profit up £8m to £89m

Costs

Costs up £4.0m:

Opening new stores of £3.0m

Profit share and PRP down £3.4m

Central costs up £2.9m

Variable costs related to sales growth up £1.7m

Cash

In the 12 months our cash increased by £70.5m, before dividends

This is after capital investments of £18.6m

Dividends paid in the year of £47.3m (145p per share)

Net cash balance of £52.9m at end of May 2020

9

Investments 2019-20

23 new stores (£0.6m)

Investment in core IT systems (£3.4m) – includes work

on new ERP (£1.8m)

Investment in key equipment in the factory (£2.4m)

Investment in tooling (£3.9m)

Investment in additional capacity (£6.8m) – includes

Leenside (£3.6m) and £2.0m for US warehouse

9

Investments 2020-21

Investment in additional capacity in warehouses both in

Nottingham and Memphis

Investment in core IT systems - ERP

Continued investment in key equipment in the factory

Investment in

capacity: inside EMG

Investment in capacity:

Memphis

Media and entertainment

In the last 12 months we have:

• produced a cinematic trailer for Warhammer 40,000, the

most popular video we have ever released.

• finished development and begun production on three

Warhammer 40,000 animated series:

-Angels of Death

-Hammer and Bolter

-Interrogator

Media and entertainment Media and entertainment

• https:/`www.youtube.com/watch?v=B9V0bOB8sXQ

Current projects signed:

Eisenhorn – TV project

Fatshark – interactive

Sega – interactive

Watch our 40K trailer at: