Nick Scali Limited · ASX:NCK
Nick Scali — H1 FY2014 Earnings Presentation
8 slides from Nick Scali's earnings presentation, Feb 12, 2014
Slide 1: Nick Scali Limited (NCK) - Results Presentation
Nick Scali Limited (NCK) - Results Presentation Half Year Ended 31 December 2013 (1H FY14) For personal use only
Slide 2: Key Points – 1H FY14
Key Points – 1H FY14 For personal use only Sales Sales increased 14% to a record $71.7m (1H FY13 $62.9m) Profit NPAT increased 22% to a record $7.9m (1H FY13 $6.4m) Interim dividend of 6.0 cents (1H FY13 6.0 cents) Dividend Equates to a 62% payout ratio New Stores One new store opened during the hal
Slide 3: Earnings Summary – 1H FY14
Earnings Summary – 1H FY14 For personal use only Half Year End 30 December ($m) 1H FY13 1H FY14 Change • Sales increase of 14% due to strong comparable store growth of 8.5% and a full half contribution from new stores opened in Sales revenue 62.9 71.7 +14% previous half. Cost of sales (25.3) (28.4)
Slide 4: Cash Flow
Cash Flow – 1H FY14 For personal use only Half Year End 30 December ($m) 1H FY13 1H FY14 • Operating Cash Flow increase due primarily to improved EBITDA result. Receipts from customers 67.3 82.0 Payments to suppliers/employees (59.4) (71.8) • Capital Expenditure down and includes new and Other 0.5 0
Slide 5: Balance Sheet
Balance Sheet – 1H FY14 For personal use only Period End ($m) Jun 13 Dec 13 • Strong cash position maintained. Cash 26.4 27.2 • Receivables at Jun 13 includes $5.8m related to Receivables 6.4 0.0 compensation for the properties resumed by the Inventories 14.6 18.9 Government. Fixed assets 22.0 22.4
Slide 6: Store Network
Store Network For personal use only Nick Scali Furniture • One new store opened during the half at Castle Hill (NSW) opened in November 2013 and is trading strongly. • New store for Nick Scali at Taylors Lake in Victoria in March 2014. • One additional new store planned in 2nd Half which will bring
Slide 7: Online Store
Online Store • Launched December 17 2013. For personal use only • Exclusive collection of replica and designer furniture, not part of the regular Nick Scali range. • Only available for purchase online. • Product range displayed in a selection of showrooms in each capital city. • Ipad kiosks installe
Slide 8: Outlook – FY14
Outlook – FY14 For personal use only • Solid performance in 1st Half FY14 was underpinned by strong sales order growth in Q4 FY 13 and Q1 FY14. • Q2 FY14 sales orders has shown modest growth which will be reflected in Q3 FY14 Sales. • January 2014 sales orders were up on the previous year with posit