Nick Scali Limited · ASX:NCK
Nick Scali — FY2008 Earnings Presentation
8 slides from Nick Scali's earnings presentation, Aug 15, 2008
Slide 1: ASX announcement cover letter - Results Presentation
Nick Scali Limited ABN 82 000 403 896 Head Office 3-9 Birnie Avenue Lidcombe NSW 2141 For personal use only Phone: (02) 9748 4000 Facsimile: (02) 9748 4022 14 August 2008 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 By electronic lodgement Nick Scal
Slide 2: Results Presentation Year ended 30 June 2008 (FY08)
For personal use only Results Presentation Year ended 30 June 2008 (FY08)
Slide 3: Key points
Key points For personal use only • Result was 10% above guidance of $6.0m given in April 2008 • NPAT of $6.6m, down from $8.7m in FY07 Profit • EPS of 8.1 cents, down from 10.7 cents in FY07 • Reduced same store sales (particularly in the second half) was the primary factor for the lower result • Sa
Slide 4: Earnings Summary
Earnings Summary For personal use only Y/End 30 Jun ($m) FY07 FY08 Change Sales revenue 77.2 78.8 2.1% • Sales were up a net 2.1% up as a result of full year Cost of sales (31.4) (31.4) contributions from 3 stores opened in FY07 and 2 Gross profit 45.8 47.5 new stores opened in FY08, offset by negat
Slide 5: Cashflow
Cashflow For personal use only Y/End 30 Jun ($m) FY07 FY08 EBITDA 12.9 10.0 • Strong cash position Net interest 0.3 0.4 Tax paid (3.2) (3.6) Working capital / other (0.7) (0.1) Operating Cash Flow 9.3 6.7 Capital expenditure (1.7) (1.1) Investing Cash Flow (1.7) (1.1) Borrowings - 1.3 Dividends (6.1
Slide 6: Balance Sheet
Balance Sheet For personal use only Period End ($m) Jun-07 Jun-08 Cash 7.8 7.5 • Balance Sheet remains solid Receivables 0.8 0.6 • Reduction in inventory levels Inventories 13.2 12.7 Fixed assets 4.0 4.0 Intangibles 2.4 2.4 Other 1.4 1.1 Total Assets 29.6 28.3 Borrowings 0.0 1.3 Payables 11.6 10.3 C
Slide 7: Outlook
Outlook For personal use only • The current unpredictable economic environment provides for uncertain trading conditions going into FY09, however orders taken since the beginning of June indicate encouraging improvement (particularly relative to March and April) • Having expanded our presence from 2
Slide 8: Store Numbers
Store Numbers For personal use only June 06 June 07 June 08 June 09 (potential) NSW 10 11 11 11 Queensland 5 5 6 5 - Pacific Fair store closes Dec 08 South Australia 5 5 6 7 - Opening Gepps Crossing 2H’09 Victoria 1 3 3 6 - Opening Frankston 1H’09 - Opening Richmond 1H’09 - possible additional store