Nick Scali Limited · ASX:NCK
Nick Scali — FY2005 Earnings Presentation
6 slides from Nick Scali's earnings presentation, Aug 10, 2005
Slide 1: Result presentation
Result presentation Year ended 30 June 2005
Slide 2: FY05 Highlights
FHO05 Highlights >» Sales of $54.2m ~ increase of 25% over FYO4 » NPAT of $8.1m ~ increase of 20% over FYO4 ~ 68% above April 2004 Prospectus forecast of $7.7m >» EPS of 10.0 cents » Dividends of 6.5 cents per share, fully franked - Final dividend of 3.5 cents per share, fully franked » 4 store open
Slide 3: Financial performance
Financial performance » Profit constrained by difficult wading conditions in 2" half & addifional expenses incurred to provide for fulure growth YiEnd 30 Jun ($m) FY04 FY05 Change Sales revenue 43.4 Cost of sales (18.0). y » Sales growth of 24.9% included: Gross profit 25.4 ~ Same-store sales growth
Slide 4: Cash flow
Cash flow YiEnd 30 Jun ($m) FY04 FYO5 EBITDA » Increased working capital largely due to: Net interest ~ increased inventory from new store Tax paid Working capital / other openings Operating Cash Flow Capital expenditure Proceeds from disposals Acquisitions Investing Cash Flow Equity proceeds (net)
Slide 5: Financial position
Financial position YiEnd 30 Jun ($m) dund4. Junos Cash 86 Receivables 0.2 Inventories 6.4 Fixed assets 16 Intangibles Other 06 Total Assets 17.4 Borrowings 22 Payables Current tax payable 07 Provisions 0.3 Total Liabilities 3.9 Net Assets 75 Net cash (debt) 64 Working capital Sa a N EU RN ° cksca g
Slide 6: Outlook
Outlook Full year contribution in FY06 from 4 stores opened and 3 stores acquired during FYO5 Victoria ~ Open first store in January 2006 ~ Open distribution centre in April 2006 ~ Potential to negatively impact on profits in FYO6 Expect to open 4-5 new stores during FYO6 ~ Most expected to be in th