Nick Scali Limited · ASX:NCK

Nick Scali — H1 2012 Earnings Presentation

7 slides from Nick Scali's earnings presentation, Feb 10, 2012

  1. Slide 1: Results Presentation - Six Months Ended 31 December 2011

    Nick Scali Limited Results Presentation Six Months Ended 31 December 2011 For personal use only (1H12) 9 February 2012

  2. Slide 2: Key points – 1H12

    Key points – 1H12 For personal use only  Sales increased 9% in very difficult retail environment Sales  Growth driven by new stores Profit  NPAT down 11% to $5.3m Dividend  Final dividend of 4.5 cents (fully franked) New Stores  7 stores opened during June to December 2011 – across all brands |

  3. Slide 3: Earnings Summary

    Earnings Summary For personal use only Half Year End 31 December 1H11 1H12 Change ($m) Sales revenue 49.3 53.8 9.1%  Sales reflect contribution of new stores. Cost of sales (18.3) (20.9)  Comparative store sales growth flat. Gross profit 31.0 32.9  Margin impacted by discounting and price Operati

  4. Slide 4: Cash flow

    Cash flow For personal use only Half Year End 31 1H11 1H12 December ($m)  Operating cashflow reflects change in EBITDA Receipts from customers 53.1 58.5  Capex investment in the 7 new stores Pmts to suppliers/employees (44.9) (51.7) Other 0.4 0.5  Capex investment in existing store refurbishments

  5. Slide 5: Balance Sheet

    Balance Sheet For personal use only Period End ($m) Jun'11 Dec'11  Balance sheet stable Cash 17.6 17.4  Inventory held in DCs $4.8m (FY11 $5.0m). Balance Receivables 0.8 0.9 is showroom display stock or in transit for customers. Inventories 12.2 13.8  Payables up due to timing of deliveries close

  6. Slide 6: Store Growth

    For personal use only Store Growth Nick Scali Furniture  Two new Nick Scali stores opened August & November 2011 (VIC & NSW)  One new store committed in calendar 2012  More stores under active negotiation for 2012 and beyond Sofas2Go  Three new Sofas2Go stores opened mid October & late December

  7. Slide 7: Outlook

    Outlook For personal use only SALES AND PROFIT  First half written sales orders are 12% over the same period last year, and 1.5% higher on a comparable store basis (these are orders written in stores but which may not yet be delivered to customers)  January trading has been strong, though down on

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