Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — CDON Group — Q1 2011 Earnings Presentation
14 slides from Nelly Group Ab's earnings presentation, Apr 19, 2011
Slide 1: First Quarter 2011 Financial Results
First Quarter 2011 Financial Results 19 April 2011
Slide 2: Record first quarter sales in first full quarter as a listed company
Record first quarter sales in first full quarter as a listed company 2 Results demonstrate scalability of CDON platform & continued focus on developing and growing the Group’s businesses across the Nordics Operating development • Net sales up 22% y/y to SEK 571.8 mn 700 10.0% 600 572 • Gross profit
Slide 3: Consistent revenue growth with healthy profitability levels
Consistent revenue growth with healthy profitability levels 3 2,400 160 140 2,000 Sales (SEK million) EBIT (SEK million) 120 1,600 100 1,200 80 60 800 40 400 20 0 0 2006 2007 2008 2009 2010 Entertainment Fashion Sports & Health EBIT First quarter sales by segment Q1 2010 Q1 2011 15% 17% 15% 20% 63%
Slide 4: Business Profile & Performance
Business Profile & Performance 4
Slide 5: Entertainment
Entertainment 5 10% year on year sales growth in Q1 with 5% operating margin, with ongoing & accelerated shift towards more sustainable future segments Operating development • Sales up 10% y/y in Q1 • Strong growth despite ongoing shift from media 400 361 10.0% products to future growth areas. 329 8
Slide 6: Fashion
Fashion 6 65% year on year revenue growth in Q1 & ongoing geographical and M&A driven expansion and diversification of product offering Operating development • Sales increased by 65% y/y in Q1 • Strong growth from Nelly.com , which expanded 200 outside the Nordic region through German 9.0% establish
Slide 7: Sports & Health
Sports & Health 7 35% year on year revenue growth with increased operating profits despite geographical and operational expansion Operating development • Sales up 35% y/y 100 97 15.0% • Market share gains for Gymgrossisten.com in all 90 14.1% 13.0% geographical markets 80 72 11.2% 11.0% • Gymgrossis
Slide 8: Financial Performance & Position
Financial Performance & Position 8
Slide 9: Income statement
Income statement 9 • Net interest & other financial items of CONDENSED CONSOLIDATED 2011 2010 2010 SEK -3.4 (-5.6) mn in Q1 reflected: INCOME STATEMENT (SEK thousand) Jan-Mar Jan-Mar Jan-Dec • Net cash position as at 31 Net sales 571,821 469,733 2,210,034 March 2011, compared to net Cost of goods an
Slide 10: Cash Flow
Cash Flow 10 • Cash flow from operating activities CONSOLIDATED STATEMENT OF CASH FLOWS 2011 2010 2010 CONDENSED (SEK thousand) Jan-Mar Jan-Mar Jan-Dec before changes in working capital declined y/y to SEK 2.2 (31.3) mn Cash flow from operating activities 2,150 31,271 126,162 Changes in working capi
Slide 11: Financial Position
Financial Position 11 CONSOLIDATED STATEMENT OF FINANCIAL 2011 2010 2010 POSITION CONDENSED (SEK thousand) 31-Mar 31-Mar 31-Dec • Capital employed up by SEK 259.1 mn Non-current assets Goodwill 189,548 188,966 y/y to SEK 569.6 mn as at 31 Mar 2011 Other intangible assets 197,101 61,461 65,878 71,952
Slide 12: Strategy
Strategy 12 To become a leading e-commerce player in each of the Group’s operating market segments & territories + Acquisitions Rapid route to critical mass – 3 companies acquired in 2007 + Geographical Expansion Pan-Nordic roll-out of current stores – 1 company acquired in 2008 – 2 companies ac
Slide 13: Summary
Summary 13 Objectives To generate sustainable and long term shareholder value To continue to grow organically at least in line with the growth of each of the Group’s operating market segments in each operating territory To continue to start-up or acquire new brands To generate margins that a
Slide 14: For further information, please visit www.cdongroup.com
14 For further information, please visit www.cdongroup.com or contact: CDON Group Investor Relations + 46 (0) 10 703 21 68 [email protected]