KGFHF - Kingfisher plc ADR (KGFHY) Q1 Trading Update Transcript
2024-05-24 13:30:04 ET
Kingfisher plc ADR (KGFHY)
Q1 Trading Update Call
May 22, 2024 6:00 AM ET
Company Participants
Majid Nazir - Investor Relations
Anisha Singhal - Deputy Investor Relations Director
Conference Call Participants
Presentation
Operator
Good, that looks like everyone's here. So thank you for joining us this morning to hear from Kingfisher PLC, who announced their Q1 Trading Update yesterday. And today, we're going to hear from Majid Nazir and Anisha Singhal as they talk us through the presentation. There'll be an opportunity for Q&A at the end, but please feel free to submit questions as we go through the deck or at the end as we are responding to them.
Okay, without that I will hand over to Maj.
Majid Nazir
Thank you very much, Hannah. So good morning, everyone, and many thanks for joining. My name is Majid Nazir and I head up the investor relations team here at Kingfisher. I joined the business in January 2019. And presenting with me is Anisha Singhal, Deputy IR Director, who's been with us since June 2022. We're both delighted to present to you today and take your questions.
So, let's take a quick look at our agenda here on slide two. I'll start today's presentation with an intro to Kingfisher. Anisha will then run through our most recent financial results before covering our outlook and guidance for the year ahead. I'll then return to provide an update on our strategy and our longer term positioning for 2025 and beyond. We'll then be happy to take any questions you might have.
So starting on slide four, let me quickly summarize Kingfisher’s attractive investment story. First and foremost, home improvement is an attractive and growing industry. The addressable opportunity in our markets is worth over GBP160 billion, which has historically grown ahead of GDP. We believe this trend is reinforced by new supportive drivers such as more working from home and the urgent need to make our homes more energy efficient.
Through our different businesses, our retail banners as we call them, Kingfisher possesses many distinct competitive advantages that enable us to win in our industry. This includes number one or number two market shares in our main markets, diverse banners, leading own brand products, and a truly omni-channel proposition for customers. Leveraging these advantages, Kingfisher has multiple avenues to drive its long-term growth, and we believe this represents a compelling opportunity for investors.
To slide five and a brief overview of our operations and scale. We are Europe's leading home improvement retailer with over 2,000 stores in eight countries. You can see along the bottom of the slide our extensive footprint in the likes of the U.K., France and Poland. Our banners which include B&Q, TradePoint and Screwfix here in the U.K., and I hope you're customers of many of those businesses they sell home improvement products and services to DIY and professional trade customers....
Kingfisher plc ADR (KGFHY) Q1 Trading Update Transcript