Nick Scali Limited · ASX:NCK

Nick Scali — FY2011 Earnings Presentation

9 slides from Nick Scali's earnings presentation, Aug 11, 2011

  1. Slide 1: Results Presentation Year Ended 30 June 2011 (FY11)

    Nick Scali Limited Results Presentation Year Ended 30 June 2011 (FY11) For personal use only 10 August 2011

  2. Slide 2: Key points – FY11

    Key points – FY11 For personal use only  Sales increased 3.8% to $100m (FY10 $96.4m) Sales  Same store sales fell 1.6% - 0.8% in second half vs 2.4% in first half  NPBT up 4.5% to $16.8m (FY10 $16.1m) Profit  EPS 14.3 cents, vs 13.9 cents FY10  No decline in gross margin - maintained at FY10 le

  3. Slide 3: Earnings Summary

    Earnings Summary For personal use only Year End 30 June ($m) FY10 FY11 Change  Sales volumes reflect contribution of new stores. Strong start to 2H11 carried business through challenging period. Sales revenue 96.4 100.0 3.8%  Same store sales drop 1.6% against Cost of sales (36.0) (37.3) exception

  4. Slide 4: Cash flow

    Cash flow For personal use only Year End 30 June ($m) FY10 FY11  Operating cashflow has reduced due to the Receipts from customers 107.6 109.7 difference in timing of payments to suppliers and Pmts to suppliers/employees (88.0) (90.9) employees between the two periods Other 0.6 0.8  Capex includes

  5. Slide 5: Balance Sheet

    Balance Sheet For personal use only  Inventory held in DCs $5.0m (FY10 $6.5m). Period End ($m) Jun'10 Jun'11  Fixed asset increases are due to Alexandria building purchase, construction and fitout ($8.5m); plus new Cash 17.3 17.6 stores and store refurbishments Receivables 0.6 0.8  Use of borrowi

  6. Slide 6: Sofas2Go

    For personal use only  Brand targeted at entry level consumers and first home buyers – sofas only  Offering a unique store experience to customers in the furniture market  Positive response from customers to the product range and price points  Brand has the ability to deliver future growth, capi

  7. Slide 7: Chateau d'Ax

    For personal use only  Premium Italian retail brand  Represented in 30 countries worldwide, network of over 300 stores  Designing and manufacturing since 1948  Chateau d’Ax has a strong international reputation for high end quality and contemporary styled furniture  Secured licence to operate t

  8. Slide 8: Outlook

    Outlook For personal use only SALES AND PROFIT  July 2011 trading produced positive growth in written sales orders  Written sales orders Q4 2011 were down on corresponding period  Negative Consumer sentiment has caused month to month trading conditions to be inconsistent and volatile. This makes

  9. Slide 9: Outlook (continued)

    Outlook (continued) For personal use only Nick Scali Furniture  Two new stores will be opened in first half of FY12  More stores committed and planned for second half FY12 and in FY13 Long Term Store Targets - Australia and New Zealand  Sofas2Go 125  Chateau d’Ax 21  Nick Scali 75 ONLINE  Furn

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