Boozt Ab · OMXSTO:BOOZT
Boozt Ab — Q1 2024 Earnings Presentation
14 slides from Boozt Ab's earnings presentation, Apr 26, 2024
Slide 1: Boozt Q1 2024
Boozt Q1 2024 26 April 2024
Slide 2: Q1 2024 - Highlights
01 2024 - Highlights ~ Net revenue increases 6% to SEK 1,614 million, driven by both Boozt.com (+4%) and Booztlet.com (+13%)... — ...but impacted by: Low consumer confidence, limited campaign buys and timing of Easter — Asin 2023, the weather did not support the Spring/Summer collection — Nordic Dep
Slide 3: Customers buying across multiple categories
49.1% 50.1% Q1 2024 (LTM) Q1 2023 (LTM) 28.6% 27.7% 12.0% 12.2% 6.1% 6.1% 3.0% 2.8% 1.2% 1.0% 1 2 3 4 5 6 # of categories * Numbers are based on Boozt.com only
Slide 4: Average order value versus selected peers
* *Based on 2021-2023 fiscal year figures for selected peers. AOV excludes VAT and for peers who include this in their average order value, VAT of estimated 20% is subtracted
Slide 5: Further room to expand at Ängelholm
Further room to expand at Angelholm Increasing total warehouse capacity with up to 50% — Capacity to be expanded to support annual revenue up to SEK 15 billion ~ Expected total capex investments of around SEK 500 million from 2025-2027 — Investments to support improved utilisation and to expand stor
Slide 6: Financial highlights Q1 2024
Financial highlights QO1 2024
Slide 7: Q1 2024 - Financial highlights
01 2024 - Financial highlights Net revenue 1,614 1,525 +6% Gross profit 627 586 +7% Gross margin 38.9% 38.5% +0.4pp Adj. EBIT 20 17 +17% Adj. EBIT margin 1.2% 1.1% +0.1pp Net profit 2 5) N/A Boozt
Slide 8: Q1 2024 - Segments
Q1 2024 - Segments Booz... SEK million Q12024 © 91.2023 Boozt.com @ * The overall market for apparel in the Nordics continues Net revenue 1,335 1,279 +4% to be challenged by muted consumer spending Adj. EBIT 13 22 --42%% * Rest of Europe (36%) supported by improvements in Germany driven by changes t
Slide 9: Q1 2024 - Cost ratios
Q1 2024 - Cost ratios Share of net revenue, % Q1 2024 Q1 2023 Gross margin 38.9%] 38.5% +0.4pp Fulfilment cost ratio 11.6% 12.1% +0.5pp Marketing cost ratio 10.0% 10.0% = Adj. admin. and fey fey = other costs ratio eS) |e) Depreciation ratio 4.1% 4.0% -0.1pp Adj. EBIT margin 1.2% 1.1% +0.1pp Boozt
Slide 10: Q1 2024 - Cash development
Q1 2024 — Cash development Net working capital NWC share of net revenue (LTM) Free cash flow CAPEX Net cash Boozt 993 12.7% -685 -97 236 664 9.7% =7/SHAL -34 456 +50% 3.0pp +6% +185% -48%
Slide 11: Outlook 2024
Outlook 2024 Profitability Boozt Outlook 2024 5-15% revenue growth Adjusted EBIT margin of 5.2-6.0% SEK 150-250 million The outlook assumes exchange rates will remain at current levels. Long-term opportunity Market share around 10% (online and offline) Adjusted EBIT margin exceeding 10% in five year
Slide 12: Long-term ambition FY23 to FY28e
• • • • • • • • • • FY23 FY28e Long-term ambition
Slide 13: Q&A
Slide 14: Disclaimer
Boozt Disclaimer The Company’s financial targets set forth above constitute forward-looking information that is subject to considerable uncertainty. The financial targets are based upon a number of assumptions relating to, among others, the development of the Company’s industry, business, results of