Nick Scali Limited · ASX:NCK
Nick Scali — FY2009 Earnings Presentation
7 slides from Nick Scali's earnings presentation, Aug 20, 2009
Slide 1: ASX announcement cover letter - Year Ended 30 June 2009
Nick Scali Limited ABN 82 000 403 896 Head Office 3-29 Birnie Avenue Lidcombe NSW 2141 For personal use only Phone: (02) 9748 4000 Facsimile: (02) 9748 4022 20 August 2009 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 By electronic lodgement Nick Sca
Slide 2: Results Presentation Year Ended 30 June 2009 (FY09)
For personal use only _______________________________________________________________________ Results Presentation Year Ended 30 June 2009 (FY09)
Slide 3: Key points
Ke y p o in ts For personal use only • A stronger second half with a recovery due to improving orders and margins • NPBT of $6.9m vs FY08 $9.4m – H2 up 16% vs H1 45% decline P ro fit • EPS of 5.9 cents, down from 8.1 cents in FY08 • FY09 gross margin 58% (FY08 60%) with H2 recovery to 59% from H1 57
Slide 4: Earnings Summary
Ea rn in g s S u m m a ry For personal use only Year End 30 June ($m) FY08 FY09 Change • Orders taken were up 1.2% to $79.6m and exceeded delivered sales by $2m. • Orders strengthened from March 09. Sales revenue 78.8 77.5 -2% Cost of sales (31.4) (32.5) • H2 sales increased 6.2% compared to an 8% d
Slide 5: Cash flow
Ca s h flo w For personal use only Year End 30 June ($m) FY08 FY09 • Strong operating cash flow of $8.6m. Receipts from customers 86.9 86.0 Pmts to suppliers/employees (77.0) (75.9) • Non-operating cash outflows relate primarily to new Other 0.4 0.4 stores, FY08 dividends, and clearing short term de
Slide 6: Balance Sheet
Ba la n c e S h e e t For personal use only Period End ($m) Jun'08 Jun'09 • Strong Balance Sheet and cash position Cash 7.5 11.5 • Reduced inventory levels due to continued Receivables 0.6 0.6 management focus and strong second half sales Inventories 12.7 11.6 • No impairment of goodwill or other as
Slide 7: Outlook
Ou tlo o k For personal use only Sales and Orders • Orders to date in FY10 have seen a continuation of the positive momentum experienced in the latter part of FY09 • The Company has started FY10 with its customer forward order book at a historic high • This appears driven by internal initiatives in