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5 FINANCIALS
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2.40 2.80 4.00 The Group has continued to deliver strong and sustainable growth in the aftermath of COVID-19
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Energy • Energy costs (gas, electricity and fuel) have remained elevated, albeit to a lesser extent than recent years • 2024 energy costs represented 8.8% of revenue (2023: 10.0%; 2019: 6.2%) • Impact of energy prices being proactively managed with various fixed pricing in place at Feb 25: Employment Costs • Employment costs now represent some 44.6% of revenue (2023: 44.0%; 2019: 43.0%) • Further improvements are challenged by increasing labour rates and the significant increase in tax on UK employers from April 2025 Margin • Cost pressures remain, particularly in relation to energy and labour • Energy cost is reducing as historically higher fixed prices fall out of the average • Margin improvement on track for target of at least 14.0% in 2026 Gas Electricity Diesel FY25 67% 65% 77% FY26 29% 45% 17% 44.6% 8.8%5.9% 11.7% 16.9% 12.1% 2024 Cost Analysis Employment Costs Energy Depreciation (PPE & ROU) Depreciation (Textile Rental Items) Other Costs Adjusted Operating Profit
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• We continue to demonstrate our commitment to sustainability across every area of our business and have made excellent progress against our strategy • Carbon: 5% reduction in TCO2e / Tonnes processed intensity rate • Water: 8% reduction in M3 / Tonnes processed intensity rate • Waste: 93% of waste diverted away from landfill in 2024 • 62% of cotton purchases were Better Cotton sourced • HORECA continue to recycle end-of-life textiles through the “Infinite Textiles” programme • Delivered over 2,700 employee volunteering hours • 92% of employees completed sustainability training “Our commitment to sustainability at Johnsons isn't just about compliance, it's about doing what’s right and creating distinct value for our customers. ”
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Disposals Acquisitions 53% 26% 21% 2012 Revenue Textile Services Drycleaning Facilities Management 22% 78% 2012 Revenue HORECA Workwear 100% 2024 Revenue 72% 28% 2024 Revenue
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An Essential Service Provider The services we provide to our customers are essential to their business Substitution Limited alternatives to our offering in a market that has tight capacity A Local Service Our proximity to customers enables us to quickly respond to their needs Sustainable Working in partnership with our customers and suppliers to reduce environmental impact Quality Service We provide our customers with a quality service which they can rely upon
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Supported By Exceptional service underpinned by quality and reliability Long-term relationships and customer partnerships driving a market leading position Structural growth market with consolidation opportunities Attractive business model with high returns on capital Strong sustainability credentials and talented people Key Components of Our Medium-Term Outlook ▪ Value-added proposition and market leading service supports above market growth ▪ Consistent track record of delivering organic growth ▪ Line of sight on reducing energy costs ▪ Margin accretion from capacity utilisation ▪ Strong balance sheet provides scope to invest in additional organic capacity and targeted M&A opportunities ▪ Track record of returning excess cash to shareholders Organic Revenue Growth Operating Margin Capital Allocation
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28 Appendices Appendices