Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

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34 / THE BUSINESS REVIEW Chief Executive’s Report contracts essential to the business of the group The Group has long established relationships with Nike and adidas, the major suppliers of third-party branded sporting goods, particularly footwear, and considers that continued supplies from these companies is critical to the business of the Group. environmental matters The Corporate Responsibility Report is on pages 61 to 65 and a review of the assessment of the Group’s impact on the environment is included in the Corporate Responsibility Report on page 63. Research and development The Group’s success depends on the strength of the Group brands and, to a lesser extent, the licensed-in brands. The Group’s efforts to continually develop or obtain brands in a timely manner or at all may be unsuccessful. Outlook Trading since the period end has remained in line with management’s expectations where increased investment in margin has been funded by stronger retail sales. In spite of the low expectations surrounding England’s participation in Euro 2012 and the unseasonal weather our core divisions are performing well. Excitement is building towards the Olympics and we continue to target our 2013 “Super Stretch” underlying EBITDA objective of £270m (before the charge for the bonus share schemes). Dave Forsey Chief Executive 19 July 2012
35 Fernando Verdasco Dunlop Brand Ambassador
Page 1 and 2: Dave Forsey Chief Executive 19 July
Page 3 and 4: Sports Direct is the UK’s leading
Page 5 and 6: financial highlights The Financial
Page 7 and 8: Further expansion of the Internatio
Page 9 and 10: fascias As at 29 April 2012 the Gro
Page 11 and 12: Online revenue (£’m) FY09 15.1 F
Page 13 and 14: Firetrap The Group made acquisition
Page 15 and 16: onus share scheme key performance i
Page 17 and 18: Our Business Model The Group’s fi
Page 19 and 20: Key performance Indicators The Grou
Page 21 and 22: Review by business segment Retail R
Page 23 and 24: uk store portfolio 29 April 2012 24
Page 25 and 26: international store portfolio 29 Ap
Page 27 and 28: tennis cricket outdoor winter sport
Page 29 and 30: During the year we combined fashion
Page 31 and 32: 31 Eoin Morgan Slazenger Brand Amba
Page 33: Area Risk Mitigation Market Forces
Page 37 and 38: 37 Lee Westwood and Darren Clarke D
Page 39 and 40: Ebitda and profit before tax EBITDA
Page 41 and 42: The items adjusted for arriving at
Page 43 and 44: Cash flow and net debt Net debt dec
Page 45 and 46: Simon Bentley (aged 57) Senior Inde
Page 47 and 48: Shareholders No shareholder enjoys
Page 49 and 50: Going concern The Group’s busines
Page 51 and 52: Presentations are also given on bus
Page 53 and 54: Audit Committee Attendance at meeti
Page 55 and 56: Code of securities dealing The Comp
Page 57 and 58: Executive Bonus Share Scheme The Ex
Page 59 and 60: Directors’ emoluments An analysis
Page 61 and 62: Corporate Responsibility Report Mee
Page 63 and 64: Environment The Group is aware that
Page 65 and 66: official T-Shirt retailer for Sport
Page 67 and 68: Independent auditor’s report to t
Page 69 and 70: consolidated statement of comprehen
Page 71 and 72: consolidated cash flow statement Fo
Page 73 and 74: notes to the Financial Statements F
Page 75 and 76: Government grants and similar incom
Page 77 and 78: Employee Benefit Trust The cost of
Page 79 and 80: At each balance sheet date, there w
Page 81 and 82: Other segment items included in the
Page 83 and 84: 8. Employee costs The average month
Page 85 and 86:
13. Earnings per share from total a
Page 87 and 88:
15. Intangible assets Cost Goodwill
Page 89 and 90:
Associates The business activity of
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The administrator of KSF appealed t
Page 93 and 94:
Contingent share awards The Executi
Page 95 and 96:
24. Retirement benefit obligations
Page 97 and 98:
The movements in the present value
Page 99 and 100:
Loans and payables (£’000) Liabi
Page 101 and 102:
Interest rate sensitivity analysis
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30. Cash inflow from operating acti
Page 105 and 106:
35. principal subsidiary undertakin
Page 107 and 108:
company balance sheet Fixed assets
Page 109 and 110:
2. Investments Shares in Group unde
Page 111 and 112:
consolidated five year record Unaud
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Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

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