Nick Scali Limited · ASX:NCK
Nick Scali — H1 2005 Earnings Presentation
7 slides from Nick Scali's earnings presentation, Feb 22, 2005
Slide 1: Results presentation – Half year ended 31 December 2004
nickseall FouR N ET UR E Results presentation Half year ended 31 December 2004
Slide 2: 1H05 Highlights
1H05 Highlights » Sales of $26.9m ~ increase of 18.2% over $22.7m in 1HO4 » NPAT of $4.7m ~ increase of 16.3% over $4.1m in 1HO4 » Store openings: ~ Aspley (Brisbane) — 18 Nav 04 ~ Norwest (Sydney) - 27 Dec 04 ~ Fortitude Valley (Brisbane) ~ 27 Dec 04 » Dividend of 3.0 cents per share, fully franked
Slide 3: Financial performance — 1H05 v 1H04
Financial performance — 1H05 v 1H04 VE 30 June ($m) 4H04 Sales revenue. Operating expenses EBITDA Cepreciation Gross margin Op expe / sales. 204 % Var AHOS on pep me 18.2% » Revenue growth of 16.2% included: ~ Sarme-store sales growth of 3.3% ~ Full period contribution from Fyshwick store (opened Ap
Slide 4: Cash flow
Cash flow >» Increased working capital largely due to: ~ No refinancing of LC’s from July 2004 ~ hence $2.2m payment of refinanced LC’s outstanding at June 04 ~ increased inventory of $0.9m Net cash flow 6.3 Closing cash balance ag scali FURNITURE
Slide 5: Financial position
Financial position Dec YiEnd 30 June ($m) 2004 8 io 4 Jun 2004 Net aesets & se ckscali FURRETURE Seems $3.0rn of cash will be used to settle acquisition of Payneharn Home Furnishings (Adelaide) on 4 March 2004
Slide 6: Outlook
Outlook » Contributions to commence during 2H05 from Aspley, Norwest and Fortitude Valley ~ which were opened late in 1HO5 » Commence trading in Adelaide in March 2005: ~ Payneham Home Furnishings (comprising 2 stores) acquired effective 1 March ~ New Mile End store scheduled to open 15 March ~ whic
Slide 7: Questions
Questions Contact Details Anthony Seali (MD) Bernard Hui (CFO) 3-9 Birnie Ave, Lidcombe NSW 2141 Phone: (02) 9748 4000 Fax: (02) 9748 4022 nicksceali FURRETURE