Slide 1: Interim Report April - June 2015
Craft Orrefors Kosta Boda Interim Report April - June 2015 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, gifts and home furnishings sectors. Our three operating segments are: Corporate Promo; promowear, promotional gifts and workwear, Sports & Leisure and Gifts &
Slide 3: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes more than 40 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 & Lei
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 Kosta Boda 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
Slide 7: Financial information
Clique Retail Craft Craft Cutter & Buck Orrefors Kosta Boda Financial information J.Harvest & Frost
Slide 8: April – June 2015
Clique Ahead April – June 2015 Sales SEK 1 191 (983) million Sales increased 21% (10% in local currencies) Corporate Promo 19%, Sports & Leisure 29%, Gifts & Home 2% Improvements in all regions Promo sales channel 24%, retail 17% Operating segments Corporate Promo 19% to SEK 540 (454)
Slide 9: Sales per area, April-June 2015
April – June 2015 Sales per area APR-JUN Part of APR-JUN Part of Change % 2015 turnover 2014 turnover MKR Sweden 269 23% 251 25% 18 7 USA 354 30% 261 27% 93 36 Nordic countries excl Sweden 170 14% 144 15% 26 18 Central Europe 194 16% 168 17% 26 15 Southern Europe 115 10% 86 9% 29 34 Other countries
Slide 10: Sales
Sales 1500 1200 900 600 300 0 L | | | Q1 Q2 Q3 Q4 2010 (2011 F202 F203 P2014 2015
Slide 11: April – June 2015
April – June 2015 J. Harvest & Frost Gross profit margin amounted to 44.7 (45.9)% mix of products, countries and customers Total costs amounted to SEK -470.9 (-393.6) million additional sales and marketing activities currency affected costs negatively with SEK 42 million Operating profit
Slide 12: Income statement, April-June 2015
April – June 2015 Income statement Apr-Jun Apr-Jun SEK Million 2015 2014 Income 1 191.3 983.3 Goods for resale -659.1 -531.8 Gross profit 532.2 44.7% 451.5 45.9% Other operating income 7.8 5.4 External costs -258.9 -216.9 Personnel costs -212.0 -176.7 Depreciation/amortization -14.3 -13.2 Other oper
Slide 13: EBITDA per operating segment
Craft April – June 2015 EBITDA per operating segment Corporate Promo amounted to SEK 52.4 (54.7) million Higher turnover Somewhat lower gross margin % (mix of products) Higher costs due to increased activity within sales and marketing Sports & Leisure amounted to SEK 10.9 (7.9) million H
Slide 14: Result before tax
Result before tax -150 2010 Q1 WH 2011 Q2 BB 2012 Q3 BB 2013 Q4 Bl 2014 BB 2015
Slide 15: Cash flow April - June 2015
April - June 2015 Cash flow Apr-Jun Apr-Jun SEK Million 2015 2014 Cash flow from operating act. before changes in working capital 54.6 38.8 Changes in working capital -110.5 -66.5 Cash flow from operations -55.9 -27.7 Investing activitites -39.6 -17.5 Cash flow after investing activities -95.5 -45.2
Slide 16: January – June 2015
Clique January – June 2015 Sales SEK 2 287 (1 892) million Sales increased 21% (10 % in local currencies) Corporate Promo 23%, Sports & Leisure 24%, Gifts & Home 0%. Improvements in all regions Promo sales channel 27%, retail 15% Sales per Operating segments Corporate Promo 23% to SEK
Slide 17: Sales per area, January-June 2015
January – June 2015 Sales per area JAN-JUN Part of JAN-JUN Part of Change % 2015 turnover 2014 turnover MSEK Sweden 505 22% 471 25% 34 7 USA 641 28% 482 25% 159 33 Nordic countries excl Sweden 333 15% 287 15% 46 16 Central Europe 416 18% 358 19% 58 16 South Europe 218 9% 162 9% 56 35 Other countries
Slide 18: January – June 2015
January – June 2015 J. Harvest & Frost Gross profit margin amounted to 45.1 (45.6)% improved service level, but also mix of products, countries and customers Total costs amounted to SEK -946.3 (-802.6) million additional sales and marketing activities currency affected costs negatively wit
Slide 19: Income statement, January-June 2015
January – June 2015 Income statement Jan-Jun Jan-Jun SEK Million 2015 2014 Income 2 287.4 1 891.8 Goods for resale -1 254.8 -1 029.5 Gross profit 1 032.6 45.1% 862.3 45.6% Other operating income 17.1 12.5 External costs -529.0 -446.4 Personnel costs -417.3 -356.2 Depreciation/amortization -29.2 -25.
Slide 20: EBITDA per operating segment
January – June 2015 Orrefors EBITDA per operating segment Corporate Promo amounted to SEK 61.5 (56.1) million Higher turnover Higher costs due to increased activity within sales and marketing Sports & Leisure amounted to SEK 35.5 (26.8) million Higher turnover Higher costs due to increas
Slide 21: Cash flow January - June 2015
January - June 2015 Cash flow Jan-Jun Jan - Jun SEK Million 2015 2014 Cash flow from operating act. before changes in working capital 45.4 31.7 Changes in working capital -130.2 29.4 Cash flow from operating activities -84.8 61.1 Investing activitites -65.9 -32.5 Cash flow after investing activities
Slide 22: Financial highlights - summary
Financial highlights - summary Jan-Jun Jan-Jun Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2015 2014 2014 2013 2012 2011 2010 Sales growth, % 20.9 1.0 5.6 -5.4 1.0 -0.2 3.8 Number of employees 2 308 2 185 2 212 2 123 2 258 2 470 2 196 Gross profit margin, % 45.1 45.6 45.7 46.2 43.6 47.7 47.1 Operating m
Slide 23: CEO summary
CEO summary Sales and result Growth increased 21% (10% in local currencies) I am quite satisfied with the second quarter Cottover delayed Continue our “investment phase”, where we are increasing our sales and marketing costs which decreases our profit short term Balance sheet and cash fl
Slide 24: Marketing activities in Sweden
Orrefors Marketing activites in Sweden Harvest & Frost Cottover Cutter & Buck Orrefors Kosta Boda Jobman Projob Evening press/magazine Social media Web Resellers
Slide 25: Craft is the new official partner to the Swedish Athletics National Team
Orrefors CRAFT IS THE NEW OFFICAL PARTNER/ CLOTHING SUPPLIER TO THE SWEDISH ATHLETICS NATIONAL TEAM
Slide 26: in the best possible way we can —
Craft offers sports lovers at all levels underwear, insulating mid layer, and outerwear within running, cross country skiing, bicycling and alpine skiing. 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