Nick Scali Limited · ASX:NCK
Nick Scali — H1 2015 Earnings Presentation
9 slides from Nick Scali's earnings presentation, Feb 11, 2015
Slide 1: Results Presentation - Half Year 2015 (1H FY15)
Nick Scali Limited (NCK) Results Presentation - Half Year 2015 (1H FY15) 11 February 2015 For personal use only
Slide 2: Key Points – H1-15
Key Points – H1-15 For personal use only Sales Sales increased 8% to $77.6m (H1-14: $71.7m) Profit NPAT increased 28% to $10.0m (H1-14: $7.9m) Dividend Interim dividend of 7.0 cents per share (H1-14: 6.0 cps) New Stores Two new stores opened during the half
Slide 3: Earnings Summary – 1H FY15
Earnings Summary – 1H FY14 For personal use only H1-15 H1-14 Change $m $m % Sales increase of 8% from the new stores opened over the past 18 months, the recently launched online channel Sales revenue 77.6 71.7 +8% combined with comparable store growth of +1.2% Cost of sales (30.9) (28.4) Gross Profi
Slide 4: Balance Sheet – 1H
Balance Sheet – 1H FY14 For personal use only Dec '14 Jun '14 Strong cash position maintained $m $m Inventory up $0.7m due to sales growth and two additional stores Cash and term deposits 31.6 35.9 Payables down $4.4m from lower balance of customer deposits Receivables 0.4 0.2 Fixed assets up $5.7m
Slide 5: Cash Flow – 1H
Cash Flow – 1H FY14 For personal use only H1-15 H1-14 Operating Cash Flow decreased from prior comparative period $m $m primarily due to the previous period one-off compensation payment received in H1-14 in relation to government land Receipts from customers 80.0 82.0 resumption Payments to supplier
Slide 6: Store Network
Store Network For personal use only Nick Scali Furniture 2 new stores opened during H1-15 at Rutherford (NSW) and Cairns (QLD) both in late December 2014 in time for end of season sale The Castle Hill (NSW) store which opened in November 2013 (H1- 14) is now trading as a LFL store 5 further stores a
Slide 7: Online Store
Online Store For personal use only Launched in December 2013 Currently an exclusive collection of replica and designer furniture that is not part of the regular Nick Scali range The range is expanding to broaden the offer Products warehoused & distributed from our DC’s and through our existing logis
Slide 8: Outlook
Outlook – FY14 For personal use only • January is traditionally the Company’s strongest trading month of the year for customer orders and January 2015 saw a 7% growth over the prior comparative period • Forecasting a continuation in volatility of sales orders likely into the second half • The rollou
Slide 9: For personal use only
For personal use only • Nick Scali Limited (the “Company”) advises that the information in this presentation contains general background information about the Company’s activities as at the date of the presentation. It is information given in summary form and is based on information available to the