Nick Scali Limited · ASX:NCK
Nick Scali — FY2016 Earnings Presentation
9 slides from Nick Scali's earnings presentation, Aug 11, 2016
Slide 1: Results Presentation – Y/E 30 June 2016 (FY16)
Nick Scali Limited (NCK) Results Presentation – Y/E 30 June 2016 (FY16) For personal use only 11th August 2016 1
Slide 2: Key Points
Key Points – H1-15 For personal use only Sales increased 30% to $203.0m (FY15: $155.7m) Sales - like for like sales growth of 11.1% - increase assisted by full year of sales from 7 stores opened in H2-FY15 Profit NPAT increased 53% to $26.2m (FY15: $17.1m) Expenses Operating expenses decreased to 41
Slide 3: Key Points – Revenue, NPAT and cost ratios
Key Points – H1-15 For personal use only Revenue NPAT 26,150 203,045 155,743 141,442 17,077 127,431 14,236 109,391 12,241 9,024 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 NPAT TO SALES CODB TO SALES 250,000 12.9% 14.0% 250,000 48.8% 50.0% 11.0% 12.0% 48.0% 200,000 10.1% 200,000 46.4% 9.6% 45.
Slide 4: Earnings Summary
Earnings Summary – 1H FY14 For personal use only FY16 FY15 Change Year Ended 30 June $M $M % Sales Revenue 203.0 155.7 + 30% Sales increase of 30.4% from comparable store growth of Cost of sales (79.7) (61.3) +11.1%, 7 stores opened during FY15 and now trading for the Gross Profit 123.4 94.5 + 31% f
Slide 5: Balance Sheet
Balance Sheet – 1H FY14 For personal use only FY16 FY15 Strong cash position maintained Year Ended 30 June $M $M Total inventory of $25.8m made up of $10.3m display stock in showrooms, $11.4m warehouse stock and $4.1m goods in transit Cash and term deposit 37.0 33.7 Efficient management and increase
Slide 6: Cash Flow
Cash Flow – 1H FY14 For personal use only Operating cash flow increased year on year by 70.1% as a result of the FY16 FY15 sales increase in FY16, gross margin maintenance, relative cost savings Year Ended 30 June $M $M and working capital efficiencies Receipts from customers 223.4 171.2 Capital exp
Slide 7: Store Network
Store Network For personal use only Nick Scali Furniture 2 new stores opened during H1-FY16 at Casula (NSW) and Midland (WA) and 1 store closed at Mildura (SA) in H2-FY16 42 stores trading at 2016 fiscal year end A total of 5-6 new stores are planned for FY17 Stores in Hobart (TAS) and Geelong (VIC)
Slide 8: Outlook
Outlook – FY14 For personal use only • The market conditions and sales order growth achieved in FY16 have continued into July • The Company expects modest sales growth in FY17 compared to FY16 • The exceptional profit growth achieved in FY16, driven by the large number of store openings and strong c
Slide 9: For personal use only
For personal use only • Nick Scali Limited (the “Company”) advises that the information in this presentation contains general background information about the Company’s activities as at the date of the presentation. It is information given in summary form and is based on information available to the