Nick Scali Limited · ASX:NCK
Nick Scali — H1 FY2013 Earnings Presentation
8 slides from Nick Scali's earnings presentation, Feb 13, 2013
Slide 1: Nick Scali Limited (NCK) - Results Presentation
Nick Scali Limited (NCK) - Results Presentation Half Year Ended 31 December 2012 (1H FY13) For personal use only
Slide 2: Key Points – 1H FY13
Key Points – 1H FY13 For personal use only Sales Sales increased 17.0% to $62.9m (1H FY12 $53.8m) Profit NPAT of $6.4m (1H FY12 $5.3m) Interim dividend of 6.0 cents (1H FY12 4.5 cents). Dividend Equates to a 75.0% payout ratio Three new stores opened during the period for both Nick Scali N
Slide 3: Earnings Summary – 1H FY13
Earnings Summary – 1H FY13 For personal use only Half Year End 30 December 1H FY12 1H FY13 Change • Sales increase of 17.0% due to new stores opened in last ($m) 12 months and strong comp store growth of 4.7% on Sales revenue 53.8 62.9 17.0% previous year Cost of sales (20.9) (25.3) Gross profit 32.
Slide 4: Cash Flow
Cash Flow – 1H FY13 For personal use only Half Year End 30 December ($m) 1H FY12 1H FY13 • Operating Cash Flow has increased by $1.0m on last year due to the improvement in the NPAT Receipts from customers 58.5 67.3 result Payments to suppliers/empl. (51.8) (59.4) Other 0.5 0.5 • The purchase of the
Slide 5: Balance Sheet
Balance Sheet – 1H FY13 For personal use only • Closing cash down $1.4m on prior year Period End ($m) Jun'12 Dec'12 Cash 20.7 19.3 • Inventory up marginally due to floor stock Receivables 0.8 0.6 required for new stores Inventories 13.6 14.1 Fixed assets 14.6 22.1 Intangibles 2.4 2.4 • Fixed Assets
Slide 6: Store Network
Store Network Nick Scali Furniture For personal use only • Two new stores opened during the half • Bankstown (NSW) opened on 29 September 2012 and is trading well • Maroochydore (QLD) opened on 12 November 2012 and is trading well • This brings the store network to 32 stores as at 31 December 2012 •
Slide 7: Digital Strategy
Digital Strategy •Plans in place to increase our online For personal use only presence and digital marketing spend. •Continual investment in website to engage our customers and encourage them in to our stores. •Websites redesigned to allow easier interaction with social media. •We believe that custo
Slide 8: Outlook – FY13
Outlook – FY13 •Nick Scali has increased market share over the past 6 For personal use only months, with competitors either consolidating or exiting the market. (Nick Scali sales were up 17.0% for the 6 months to December 2012 while the furniture market* was down 6.8%). •January, which is our strong