1、Best&Less Group Holdings Ltd|Annual Report 2021AnnuAl RepoRt 2021ContentS AcknowledgementBest&Less Group acknowledges the Traditional Custodians of Country throughout Australia and New Zealand and recognises their continuing connection to land,waters,and community.We pay our respects to them and the
2、ir cultures,and to Elders past,present,and emerging.2021 Highlights 2Chairs Letter 4Group Chief Executive Officers Report 6Operational Highlights 9About Us 10ValuesLed Approach to Environmental,Social&Governance 11Board of Directors 12Executive Leadership Team 13Financial Report 14Additional Shareho
3、lder Information 83CorporateDirectory 86WelCoMe to ouR InAuGuRAl AnnuAl RepoRt 1Best&Less Group Holdings Ltd|Annual Report 2021Best&Less Group delivered a strong result and record profit in FY21.The result is an endorsement of our strategy,leadership in the value retail apparel segment,particularly
4、in the baby and kids categories,and omnichannel sales model.Strong likeforlike sales growth and a robust performance from our core categories,including baby which grew by over 15%,reflects the success of our differentiated customer value proposition of twice the quality at half the price.2021 HIGHlI
5、GHtSEBITDA margin10.8%650bps(FY20:4.3%)LFL Revenue Growth 10.8%ONLINE Sales Growth 33.5%EBITDA$71.6m 165.2%(18.0%ahead of Prospectus forecast).au$663.2mRevenue 6.1%(FY20:$625.0m)Gross margin48.9%430bps(FY20:44.6%)NPAT$47.0m 191.9%(18.1%ahead of Prospectus forecast)*The information is prepared on a p
6、ro forma basis.3Best&Less Group Holdings Ltd|Annual Report 2021Dear Fellow Shareholder,On behalf of the Board of Directors,I am pleased to present Best&Less Group Holdings Ltd(BLGH)2021 Annual Report,our first since listing on the ASX(ASX:BST)in July 2021.It has been a milestone year for BLGH,with s