Nick Scali Limited · ASX:NCK
Nick Scali — FY2007 Earnings Presentation
6 slides from Nick Scali's earnings presentation, Aug 10, 2007
Slide 1: Results Presentation Year Ended 30 June 2007 (FY07)
For personal use only Results Presentation Year Ended 30 June 2007 (FY07)
Slide 2: Result Summary
Result Summary For personal use only • Sales increased 19.6% to $77.2m Sales • Same store sales growth was 0.5% –metropolitan Sydney was the primary detractor • NPAT increased 6.9% to $8.7m Profit • Result was 3.3% below guidance of $9.0m – primarily a function of sales being $2.5m below plan • Oper
Slide 3: Sales & EBITDA – last 3 years
Sales & EBITDA – last 3 years For personal use only Sales – half yearly ($m) EBITDA – half yearly ($m) 40.1 7.2 6.9 6.7 37.1 6.2 32.7 31.8 26.9 27.3 4.9 4.8 1H05 2H05 1H06 2H06 1H07 2H07 1H05 2H05 1H06 2H06 1H07 2H07 2
Slide 4: Earnings Summary
Earnings Summary For personal use only Y/End 30 Jun ($m) FY06 FY07 Change Sales revenue 64.5 77.2 19.6% Driven by new stores Cost of sales (26.1) (31.4) Gross profit 38.4 45.8 Constant gross profit % Other income 0.0 0.2 Operating expenses (26.4) (33.2) EBITDA 12.0 12.9 7.0% Depreciation (0.9) (0.9)
Slide 5: Operational overview
Operational overview For personal use only FY07 FY08 Plans • Will open new stores as • 1 new store: Belrose (Oct 2006) opportunities arise NSW • Negative 2.3% same store sales • Cautiously optimistic for positive (incl. -8.0% in metro Sydney) same store sales for the first time in 3 years QLD • 10.4
Slide 6: Outlook
Outlook For personal use only • FY08 will benefit from: − a full year impact of sales from Campbelltown, Belrose, Nunawading and Essendon − a significantly improved profit contribution from the Victorian operations – given there was only a modest contribution in FY07 with the two key stores effectiv