New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — H1 2012 Earnings Presentation
35 slides from New Wave Group Ab Class B's earnings presentation, June 2012
Slide 1: Interim report January – June 2012
Interim report January – June 2012
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: Historical development
Historical development (= Sales, MSEK ——PBT,MSEK
Slide 4: Our brands
British football brand Umbro is one of New Wave Group’s four licensed brands. Our brands
Slide 5: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes more than 40 different brands, 4 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 6: Corporate Promo
New Wave Group covers all three corporate promo segments; promowear, promotional gifts and workwear. Corporate Promo Corporate Promo is New Wave Group’s largest operating segment and it is divided into three additional segments; promowear, promotional gifts and workwear. The segment’s domestic marke
Slide 7: Corporate Promo promowear
Corporate Promo promowear New Wave Group offers clothes adapted for printing and embroidery which, in addition to price and quality, also cover all application areas and sizes – from favourably priced basic garments to detailed garments made of exclusive textiles, leisure, work and sports clothes, c
Slide 8: Corporate Promo promotional gifts
Corporate Promo promotional gifts The promotional gifts concept is broad and the segment covers a multitude of products and price classes. New Wave Group can offer everything from pens, USB flash drives and digital picture frames to handbags, bed linen and towels. Lord Nelson classic high-quality
Slide 9: Corporate Promo workwear
There is a vast need for personal protection in some work areas. In Sweden, the issue is intensely promoted by trade Corporate Promo unions. workwear New Wave Group can offer workwear for such professional categories as construction and installation, painters and plasterers, transport and service, a
Slide 10: Corporate Promo vision
Maritime promowear brand DAD Sportswear is the proud sponsor of 65 feet long Celeste of Solent Farr65r. The race is Corporate Promo on! 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 p
Slide 11: Sports & Leisure
Sports & Leisure Sports & Leisure consists of 14 different brands. Two licensed brands – Speedo and Umbro – are sold alongside the company’s own brands. Sports & Leisure answered for 41 % of the Group’s sales in 2011. Most of the sales relate to the retail market (sports retail sector) but some sale
Slide 12: Sports & Leisure vision
Technically knitted Seger hats worn by Swedish professional alpine skiers Jessica Lindell Vikarby and Maria Pietilä-Holmner. Sports & Leisure vision The vision for the Sports & Leisure operating segment involves establishing the wholly owned brands Craft and Seger as international functional sportsw
Slide 13: Gifts & Home Furnishings
Gifts & Home Furnishings The Gifts & Home Furnishings operating segment includes 9 strong brands. In total, the segment’s brands are established in 15 countries. Gifts & Home Furnishings was responsible for 16 % of the Group’s sales figures in 2011. While the brands are mainly sold in the retail mar
Slide 14: Gifts & Home Furnishings vision
Joyful and innovative gifts from Sagaform, here represented by ‘Happy Days’ by Matz Borgström. 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 inv
Slide 15: Financial information
Limited edition art glass designed by Kjell Engman and hand-made by Orrefors Kosta Boda’s highly skilled craftsmen. Financial information
Slide 16: April - June 2012
The atrium at Kosta Boda Art Hotel. Chandelier by glass designer Anna Ehrner and Kosta Boda glassworks. April - June 2012 Sales amounted to SEK 1 075 million (SEK 1 021 million), +5 %, of which acquired units contributed with SEK 95 million (9 %). Operating result amounted to SEK 58.7 million (S
Slide 17: April - June 2012
Canadian freestyle skier Kristi Richards in mid air wearing Auclair gloves, the latest addition to the Group. April - June 2012 Sales +5%, SEK 1 075 million (SEK 1 021 million) Sales in local currencies +3 %. Acquired units contributed with SEK 95 million (9 %) Corporate Promo -7 %, Sport &
Slide 18: April – June 2012: Net sales per region
April – June 2012 Net sales per region APR-JUN Part of APR-JUN Part of Change 2012 turnover 2011 turnover MKR % Sweden 314 29% 328 32% -14 -4 USA 280 26% 200 20% 80 40 Nordic countries excl Sweden 176 16% 173 17% 3 2 Central Europe 166 16% 177 17% -11 -6 South Europe 86 8% 113 11% -27 -24 Other coun
Slide 19: April - June 2012
Promowear brand James Harvest Sportswear helps companies create a winning team-spirit. April - June 2012 Operating margin amounted to 5.5 % (7.1 %) Excluding acquisitions 5.4 % Profit margin amounted to 4.3 % (6.0 %) Excluding acquisitions 4.3 % Result per share amounted to SEK 0.50 (0.55)
Slide 20: April - June 2012: Income statement
April - June 2012 Income statement 3 months 3 months Apr-Jun Apr-Jun SEK Million 2012 2011 Income 1 074.9 1 020.9 Goods for resale -580.0 -522.7 Gross profit 494.9 498.2 Other operating income 9.5 8.4 External costs -238.3 -241.6 Personnel costs -189.2 -173.2 Depreciation/amortization -13.0 -13.2 Ot
Slide 21: April - June 2012: EBITDA per operating segment
April - June 2012 EBITDA per operating segment Corporate Promo amounted to SEK 56.9 million (SEK 74.8 million) Lower sales and operating margin Prior year includes a non-recurring item of SEK -23.5 million Sport & Leisure amounted to SEK 23.8 million (SEK 25.9 million) Lower operating marg
Slide 22: Net sales
Net sales 1500 1200 90 60 300 0 Q) Q2 Q3 Q4 2007 2008 ff} 2009 J 2010 Ff 20 Fh 2012 oO Co
Slide 23: Result before tax
Result before tax 150 120 90 60 30 | u, 2007 2008 Q2 Hl 2009 C BB 2010 3 | oe O4 BB 2012
Slide 24: April - June 2012: Cash flow
April - June 2012 Cash flow 3 months 3 months Apr-Jun Apr-Jun SEK Million 2012 2011 Cash flow from operating act. before changes in working capital 43.8 62.0 Changes in working capital 89.0 -35.8 Cash flow from operating activities 132.8 26.2 Investing activitites -15.1 -19.6 Cash flow after investi
Slide 25: January - June 2012
The atrium at Kosta Boda Art Hotel. Chandelier by glass designer Anna Ehrner and Kosta Boda glassworks. January - June 2012 Sales amounted to SEK 2 050 million (SEK 1 949 million), +5 %, of which acquired units contributed with SEK 158 million (8 %). Operating result amounted to SEK 61.3 million
Slide 26: January - June 2012
Canadian freestyle skier Kristi Richards in mid air wearing Auclair gloves, the latest addition to the Group. January - June 2012 Sales +5%, SEK 2 050 million (SEK 1 949 million) Sales in local currencies +3%. Acquired units contributed with SEK 158 million (8 %) Corporate Promo -7 %, Sport
Slide 27: January – June 2012: Net sales per region
January – June 2012 Net sales per region JAN-JUN Part of JAN-JUN Part of Change 2012 turnover 2012 turnover MSEK % Sweden 558 27% 600 31% -42 -7 USA 524 25% 371 19% 153 41 Nordic countries (ex Sweden) 323 16% 324 17% -1 0 Central Europe 365 18% 374 19% -9 -2 South Europe 178 9% 216 11% -38 -18 Other
Slide 28: January - June 2012
Promowear brand James Harvest Sportswear helps companies create a winning team-spirit. January - June 2012 Operating margin amounted to 3.0 % (4.6 %) Excluding acquisitions 3.4 % Profit margin amounted to 1.7 % (3.6 %) Excluding acquisitions 2.2 % Result per share amounted to SEK 0.38 (0.6
Slide 29: January - June 2012: Income statement
January - June 2012 Income statement 6 mths 6 mths Jan-Jun Jan-Jun SEK Million 2012 2011 Income 2 050.3 1 948.5 Goods for resale -1 111.2 -1 016.6 Gross profit 939.1 931.9 Other operating income 18.0 21.0 External costs -485.5 -483.1 Personnel costs -375.5 -341.4 Depreciation/amortization -24.9 -24.
Slide 30: January - June 2012: EBITDA per operating segment
January - June 2012 EBITDA per operating segment Corporate Promo amounted to SEK 69.8 million (SEK 99.4 million) Lower sales and operating margin Prior year incl a non-recurring item of SEK -23.5 million Sport & Leisure amounted to SEK 51.7 million (SEK 62.3 million) Lower operating margin
Slide 31: January - June 2012: Cash flow
January - June 2012 Cash flow 6 mths 6 mths Jan-Jun Jan-Jun SEK Million 2012 2011 Cash flow from operating act. before changes in working capital 31.0 39.4 Changes in working capital 146.8 -155.8 Cash flow from operating activities 177.8 -116.4 Investing activitites -25.9 -46.7 Cash flow after inves
Slide 32: Stock
Golf wear brand Cutter & Buck’s distribution centre in Kentucky, USA. Stock Amounted to SEK 1 982 million (SEK 1 778 million) per 30 June, 2012 SEK million Merchandise on stock 1 810 (1 570) Goods in transit etc 172 (208) Provision for obsolescence 72 (61) The increase is planned, as historica
Slide 33: Financial highlights
Financial highlights Summary 6 months 6 months 12 months 12 months 12 months Jan-Jun Jan-Jun Jan-Dec Jan-Dec Jan-Dec 2012 2011 2011 2010 2009 Sales growth, % 5.2 -1.6 -0.2 3.8 -11.2 Number of employees 2 423 2 162 2 470 2 196 2 203 Gross profit margin, % 45.8 47.8 47.7 47.1 46.5 Operating margin bef
Slide 34: Views on 2012
American golf wear brand Ahead became part of the Group in 2011. Their head office is situated in New Bedford, MA. Views on 2012 For 2012 we expect a higher turnover and a result that is more or less as 2011. The sales development during the later part of the first six months makes however the forec
Slide 35: Final words
Craft is the proud sponsor of Swedish Olympic cross country gold medallist Charlotte Kalla. Final words 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 possibl