Half Year 2021 Naked Wines PLC Earnings Call Transcript

Nov 19, 2020 / 02:00PM GMT
Nicholas James Devlin - Naked Wines plc - Group COO, CEO & Executive Director

Welcome, everyone, to the 2021 interim results presentation for Naked Wines. This is my second time doing this. And again, I'm set in my house, talking to a screen but I'm very excited to share the news and the updates around business for the last 6 months with you all. And it has been a truly transformational period for the company.

I'm going to start with some of the headline numbers, and I think it's worth pausing here because there are some pretty remarkable numbers on the page. Overall, we grew revenue by 80% in the first 6 months of the year. I think repeat contribution growth often is something we highlight as a true read on the underlying strength of the Naked Wines business model, and that was at 89%, which was generating GBP 36 million in the first half. And really, that came through, you can see, from a combination of much higher retention, 95% sales retention for the period; a substantially enlarged customer base with over 0.75 million active Angels. Then if you just want to add all that up, the metric we

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