Nick Scali Limited · ASX:NCK
Nick Scali — H1 2016 Earnings Presentation
8 slides from Nick Scali's earnings presentation, Feb 9, 2016
Slide 1: Results Presentation - Half Year 2016 (H1-16)
Nick Scali Limited (NCK) Results Presentation - Half Year 2016 (H1-16) 9 February 2016 For personal use only
Slide 2: Key Points – H1-16
Key Points – H1-15 For personal use only Sales Sales increased 32% to $102.5m (H1-15: $77.6m) Profit NPAT increased 41% to $14.1m (H1-15: $10.0m) Interim dividend of 9.0 cents per share fully franked Dividend (H1-15: 7.0 cps) New Stores Two new stores opened during the half
Slide 3: Earnings Summary
Earnings Summary – 1H FY14 For personal use only H1-16 H1-15 Change Year Ended 30 June $m $m % Sales increase of 32% from same store sales growth of Sales Revenue 102.5 77.6 + 32% 11.6% and the contribution from the opening of new stores Cost of sales (41.0) (30.9) Gross Profit 61.5 46.8 + 31% Total
Slide 4: Balance Sheet
Balance Sheet – 1H FY14 For personal use only Dec 15 Jun 15 Inventory up $3.3m mainly due to new stores Year Ended 30 June $M $M Payables down $3.0m from lower balance of customer deposits Cash and term deposit 25.1 33.7 Fixed assets up $16.9m as properties purchased at Macgregor (Qld) Receivables 0
Slide 5: Cash Flow
Cash Flow – 1H FY14 For personal use only H1-16 H1-15 Operating Cash Flow increased from prior comparative period $m $m primarily due to the sales increase with nine new stores opened over the past 12 months and combined with comparable sales Receipts from customers 112.7 80.0 growth of +11.6% in H1
Slide 6: Store Network
Store Network For personal use only Nick Scali Furniture 2 new stores opened during H1-16 at Casula (NSW) and Midland (WA) in August and September 2015 respectively and 4 existing stores were refurbished The stores in Western Australia continue to trade well and contribute favourably to the Group re
Slide 7: Outlook – FY16
Outlook – FY14 For personal use only • January is traditionally the Company’s strongest trading month of the year for sales orders received and January 2016 saw a 24% growth in total sales orders and a 3.3% growth in comparative sales orders over the prior comparative period • Current expectation is
Slide 8: 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