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