Slide 1: Interim report April - June 2016
Craft Interim report April - June 2016 J.Harvest & Frost
Slide 2: This is New Wave Group
This is New Wave Group New Wave Group is a growth company. We design, acquire and develop brands and products in the corporate promotion, sports, gifts and home furnishings sectors. Our three operating segments are: Corporate Promo; promowear, promotional gifts and workwear, Sports & Leisure and
Slide 3: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes 49 different brands, 3 of which are licensed brands. The rest are fully owned. Sport & Leisure Each brand is categorised according to which of our three operating segments it belongs to; Corporate Promo, Sports & Leisure or Gi
Slide 4: Corporate Promo vision
J. Harvest & Frost Corporate Promo vision The vision for the Corporate Promo operating segment is to become the leading supplier in Europe and one of the leading suppliers in the USA of promotional products by offering retailers a broad product range, strong brands, advanced expertise and service, a
Slide 5: Sports & Leisure vision
Seger Sports & Leisure vision The vision for the Sports & Leisure operating segment involves establishing the wholly owned brands Craft and Seger as international functional sportswear brands, and making Cutter & Buck a world-leading golf apparel brand. The vision also entails to strengthening Speed
Slide 6: Gifts & Home Furnishings vision
Orrefors Orrefors Gifts & Home Furnishings vision The vision for the Gifts & Home Furnishings operating segment area is to make Orrefors and Kosta Boda world- leading glass and crystal suppliers. Part of the vision also involves utilising innovative and playful design to make Sagaform a prominent pl
Slide 7: Financial information
Clique Retail Craft Craft Cutter & Buck Financial information J.Harvest & Frost
Slide 8: April - June 2016
Clique Cottover Clique April - June 2016 Sales SEK 1 257 million (1 191) Sales increased 6% (8% in local currencies) Corporate Promo 12%, Sports & Leisure -1%, Gifts & Home 7% Improvements primarily in Europe and Sweden (promo) Promo sales channel 11%, retail +-2% Sales per Operating seg
Slide 9: April – June 2016: Sales per area
April – June 2016 Sales per area APR-JUN Part of APR-JUN Part of Change % 2016 turnover 2015 turnover MSEK Sweden 301.2 24% 269.2 23% 32.0 12 USA 339.2 27% 354.5 30% -15.3 -4 Nordic countries excl Sweden191.8 15% 170,0 14% 21.8 13 Central Europe 211.2 17% 193.9 16% 17.3 9 Southern Europe 130.3 10% 1
Slide 10: Sales
Sales 1500 1200 900 600 300 0) ! J Ql Q2 Q3 Q4 2011 9 2012 [2013 92014 J 2015 J 2016
Slide 11: April – June 2016
April – June 2016 J.Clique Harvest & Frost Ahead Gross profit margin amounted to 45.5% (44.7) Improvement in Corporate Promo and Gifts & Home Furnishings Total costs amounted to SEK -462.6 million (-470.9) Total marketing costs has decreased. However, we still have a high activity in the mar
Slide 12: April – June 2016 Income statement
April – June 2016 Income statement Apr-Jun Apr-Jun SEK Million 2016 2015 Income 1 257.3 1 191.3 Goods for resale -685,0 -659.1 Gross profit 572.3 45.5% 532.2 44.7% Other operating income 12.2 7.8 External costs -249.6 -258.9 Personnel costs -213.0 -212,0 Depreciation/amortization -13.4 -14.3 Other o
Slide 13: EBITDA per operating segment
April - June 2016 EBITDA per operating segment Corporate Promo amounted to SEK 90.5 million (50.4) Higher turnover Improved gross margin % Lower costs Sports & Leisure amounted to SEK 24.0 million (10.9) Lower costs Gifts & Home Furnishings amounted to SEK -0.9 million (-0.3) Higher
Slide 14: Result before tax
Result before tax Q) Q2 Q3 Q4 2011 (2012 F203 J 2014 F205 Ef 2016
Slide 15: April - June 2016 Cash flow
April - June 2016 Cash flow Apr-Jun Apr-Jun SEK Million 2016 2015 Cash flow from operating act. before changes in working capital 89.4 54.6 Changes in working capital -0.8 -110.5 Cash flow from operations 88.6 -55.9 Investing activitites -21.2 -40.7 Cash flow after investing activities 67.4 -96.6 Fi
Slide 16: CEO summary - quarter
CEO summary - quarter Sales Highest sales ever in the period April - June. Rolling 12 months sales over 5 billion SEK Sales channel promo 11% Sales channel retail -2% Europe and Sweden really strong but USA weaker than expected Result Operating result SEK 100.2 million. The best resu
Slide 17: January - June 2016
Clique Cottover January - June 2016 Sales SEK 2 388 million (2 287) Sales increased 4% (5% in local currencies) Corporate Promo 10%, Sports & Leisure -1%, Gifts & Home 3% Improvements primarily in the regions Europe and Sweden (promo) Promo sales channel 9%, retail -1% Sales per Operatin
Slide 18: January – June 2016: Sales per area
January – June 2016 Sales per area JAN-JUN Part of JAN-JUN Part of Change % 2016 turnover 2015 turnover MSEK Sweden 537.9 23% 505,0 22% 32.9 7 USA 628.6 26% 641.6 28% -13,0 -2 Nordic countries excl Sweden 354.8 15% 333.2 15% 21.6 6 Central Europe 461.4 19% 416.2 18% 45.2 11 Southern Europe 243.1 10%
Slide 19: January – June 2016
January – June 2016 J.Clique Harvest & Frost Ahead Gross profit margin amounted to 45.5% (45.1) Improvement in Corporate promo and Gifts & Home Furnishings. Sports & Leisure on the same level as last year Total costs amounted to SEK -959.8 million (-946.3) more personnel in sales, customer s
Slide 20: January – June 2016 Income statement
January – June 2016 Income statement Jan-Jun Jan-Jun SEK Million 2016 2015 Income 2 388.1 2 287.4 Goods for resale -1 301.3 -1 254.8 Gross profit 1 086.8 45.5% 1 032.6 45.1% Other operating income 21.6 17.1 External costs -529.4 -529,0 Personnel costs -430.4 -417.3 Depreciation/amortization -26.6 -2
Slide 21: January - June 2016 EBITDA per operating segment
Sagaform January - June 2016 EBITDA per operating segment Corporate Promo amounted to SEK 104.0 million (61.5) Higher turnover Improved gross margin % (mix of products) Sports & Leisure amounted to SEK 46.0 million (35.5) Lower marketing costs Gifts & Home Furnishings amounted to SEK -15
Slide 22: January - June 2016 Cash flow
January - June 2016 Cash flow Jan-Jun Jan - Jun SEK Million 2016 2015 Cash flow from operating act. before changes in working capital 85.2 45.4 Changes in working capital 67.3 -130.2 Cash flow from operating activities 152.5 -84.8 Investing activitites -37.5 -67.4 Cash flow after investing activitie
Slide 23: Financial highlights – summary 5 years
Financial highlights – summary 5 years Jan-Jun Jan-Jun Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2016 2015 2015 2014 2013 2012 2011 Sales growth, % 4.4 20.9 16.2 5.6 -5.4 1.0 -0.2 Number of employees 2 391 2 308 2 368 2 212 2 123 2 258 2 470 Gross profit margin, % 45.5 45.1 45.1 45.7 46.2 43.6 47.7 Op
Slide 24: CEO summary – first half year
CEO summary – first half year Sales Highest sales ever for the period January - June Result Operating result at SEK 108.3 million is more than double compared with last year. Balance sheet and cash flow Strong balance sheet with an equity ratio of 45.8% Cash flow from operations amount
Slide 25: Cutter & Buck
Cutter & Buck We strive to make everyone who buys our products a happy customer. If you choose to invest in New Wave Group we want you to know that we promise to take care of your investment in the best possible way we can — through long- term thinking, growth, stability and hard work!