Nick Scali Limited · ASX:NCK
Nick Scali — FY2014 Earnings Presentation
7 slides from Nick Scali's earnings presentation, Aug 13, 2014
Slide 1: Nick Scali Limited (NCK) - Results Presentation
Nick Scali Limited (NCK) - Results Presentation For personal use only Year Ended 30 June 2014 (FY14)
Slide 2: Key Points – FY14
Key Points – FY14 For personal use only Sales Sales increased 11% to $141.4m (FY13 $127.4m) Profit NPAT (underlying) increased 16% to $14.2m (FY13 $12.2m) Final dividend of 7.0 cents (FY13 6.0 cents) Dividend Total dividend for the year of 13.0 cents (FY13 12.0 cents) Equates to a payout ratio of 74
Slide 3: Earnings Summary – FY14
Earnings Summary – FY14 For personal use only Year End 30 June ($m) FY13 FY14 Change • Sales revenue up 11% due to strong comparable store growth of 6.3% and a full year contribution from new Sales revenue 127.4 141.4 +11% stores. Cost of sales (49.9) (56.0) Gross profit 77.5 85.4 • Sales orders up
Slide 4: Cash Flow
Cash Flow – FY14 For personal use only • Continued strong cash flow. Year End 30 June ($m) FY13 FY14 • Operating Cash Flow up 13% to $22.4m which includes Receipts from customers 135.8 166.3 increased investment in inventory categories and ranges. Payments to suppliers/employees (112.3) (139.1) Othe
Slide 5: Balance Sheet – FY14
Balance Sheet – FY14 • Strong cash position maintained. For personal use only Period End ($m) Jun 13 Jun 14 • Receivables at Jun 13 includes $5.8m related to compensation for Cash 26.4 35.9 the properties resumed by the Government. Receivables 6.4 0.2 Inventories 14.6 19.0 • Inventory up $4.4m due t
Slide 6: Store Network
Store Network For personal use only Nick Scali Furniture • Two new stores opened during the year, Castle Hill (NSW) opened in November 2013 and Taylors Lake (VIC) opened in March 2014. • Expansion into the Western Australian market on track with a distribution centre and new stores planned. We expec
Slide 7: Outlook – FY15
Outlook – FY15 For personal use only • Good trading conditions in June although July orders received were softer. • Monthly trading patterns continue to be volatile. • Directors believe it is difficult to predict the FY15 NPAT with house construction improving but unemployment rising. • Store expans