Dick's Sporting Goods Inc · NYSE:DKS
Dick's Sporting Goods — FY2003 Earnings Presentation
6 slides from Dick's Sporting Goods's earnings presentation, Mar 26, 2004
Slide 1: Merchandising Driven Company Supported by Culture of Financial Discipline
Merchandising Driven Company Supported by Culture of Financial Discipline Dick's Sporting Goods Retailers Mean 3.69 2.59 2003 Return on Invested Capital (2) 2003 Inventory Turnover (1) Dick's Sporting Goods Retailers Mean 11.8 10.5 (1) Cost of Goods Sold/Average Inventories (2) (Net Income + After-t
Slide 2: Leading to Strong Return on Capital
....Leading to Strong Return on Capital (1,2)... Big 5 Hibbett Sporting Goods (Est.) Dick's The Sports Authority (Est.) Galyan's (Est.) 0.136 0.124 0.118 0.1 0.058 0.118 Calendar 2003 (Net Income + After-tax Interest and Rent)/(Total Average Capital including capitalized leases) Rent expense is esti
Slide 3: Which Compares Favorably to Other Best-in-Class Retailers
....Which Compares Favorably to Other Best-in-Class Retailers (Net Income + After-tax Interest and Rent)/(Total Average Capital including capitalized leases) 2003 includes estimates where actual results not yet available Bed, Bath & Beyond Lowe's Best Buy Dick's Michaels Stores Staples Barnes & Nobl
Slide 4: Generate Free Cash Flow
Generate Free Cash Flow $ in Millions EBITDA CAPEX 1997 15.133 6.26 1998 25.194 8.271 1999 36.668 5.758 2000 42.996 22.506 2001 57.442 21.965 2002 81.057 22.584 2003 107.416 39.6 Note: Cap-ex is net of sale leaseback transactions
Slide 5: Fourth Quarter Financial Performance
Fourth Quarter Financial Performance GAAP, Dollars in Millions (except per share amounts)
Slide 6: 2003 vs. 2002 Financial Performance
2003 vs. 2002 Financial Performance GAAP, Dollars in Millions (except per share amounts)
Dicks Sporting Goods — FY2003 Earnings Presentation on 6ix