New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q2 2013 Earnings Presentation
32 slides from New Wave Group Ab Class B's earnings presentation, June 2013
Slide 1: Interim report Q2 April – June 2013
Interim report Q2 April – June 2013
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: Our brands
Our brands
Slide 4: 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 5: Corporate Promo
New Wave Group covers all three corporate promo segments; promowear, promotional gifts and workwear. Corporate Promo Corporate Promo is divided into three additional segments; promowear, promotional gifts and workwear. The segment’s domestic market is the Nordic countries which also answer for most
Slide 6: 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 7: 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 8: 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 9: Corporate Promo vision
Promowear brand James Harvest Sportswear helps companies create a winning team-spirit. 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 b
Slide 10: 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 46 % of the Group’s sales in 2012. Most of the sales relate to the retail market (sports retail sector) but some sale
Slide 11: Sports & Leisure vision
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 strengthening Umbro in the S
Slide 12: Gifts & Home Furnishings
Gifts & Home Furnishings The Gifts & Home Furnishings operating segment includes 11 strong brands. In total, the segment’s brands are established in 15 countries. Gifts & Home Furnishings was responsible for 15 % of the Group’s sales figures in 2012. While the brands are mainly sold in the retail ma
Slide 13: 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 14: Financial information
Financial information
Slide 15: April – June 2013
April – June 2013 Sales amounted to SEK 995 million (SEK 1 075 million), -7% of which currency effect SEK 30 million (3 %). Operating result amounted to SEK 70.2 million (SEK 58.7 million) Result after tax amounted to SEK 38.9 million (SEK 33.3 million) Cash flow from operations amounted t
Slide 16: April – June 2013
April – June 2013 Sales -7%, SEK 995 million (SEK 1 075 million) Sales in local currencies -4%. Corporate Promo -6%, Sport & Leisure -7%, Gifts & Home -14%. Weak market conditions Sales weak in both sales channels Operating segments Corporate Promo -6% to SEK 421 million (SEK 448 milli
Slide 17: April – June 2013: Sales per region
April – June 2013 Sales per region APR-JUN Part of APR-JUN Part of Change % 2013 turnover 2012 turnover MSEK Sweden 272 27% 314 29% -42 -13 USA 278 28% 280 26% -2 -1 Nordic countries excl Sweden 155 16% 176 16% -21 -12 Central Europe 156 16% 166 16% -10 -6 South Europe 80 8% 86 8% -6 -7 Other countr
Slide 18: April – June 2013: Income statement
April – June 2013 Income statement 3 months 3 months Apr-Jun Apr-Jun SEK Million 2013 2012 Income 995.3 1 074.9 Goods for resale -529.1 -580.0 Gross profit 466.2 46.8% 494.9 46,0% Other operating income 7.7 9.5 External costs -209.7 -238.3 Personnel costs -177.9 -189.2 Depreciation/amortization -14.
Slide 19: April – June 2013: EBITDA per operating segment
April – June 2013 EBITDA per operating segment Corporate promo amounted to SEK 48.7 million (SEK 56.9 million) Lower sales, savings Sports & Leisure amounted to SEK 27.7 million (SEK 23.8 million) Lower turnover but higher gross profit margin and savings. Gifts & Home amounted to SEK 8.4 m
Slide 20: Sales
Sales 1500 1200 900 600 2008 2009 BB 2010 Q3 W201 2012 Q4 BB 2013
Slide 21: Result before tax
Result before tax 150 100 : ih i Q1 Q2 Q3 Q4 2008 (2009 J 2010 F200 F202 203
Slide 22: April - June 2013: Cash flow
April - June 2013 Cash flow 3 months 3 months Apr-Jun Apr-Jun SEK Million 2013 2012 Cash flow from operating act. before changes in working capital 55.3 43.8 Changes in working capital -13.5 89.0 Cash flow from operations 41.8 132.8 Investing activitites -8.9 -15.1 Cash flow after investing activiti
Slide 23: CEO summary – Q2
CEO summary – Q2 Market conditions and sales Still tough market situation. No change in Europe or Nordic countries. USA stable Stock to low in some basic promo articles Result Good cost control and savings Focus on improvements. Structural changes and reorganizations may be required Ca
Slide 24: January – June 2013
January – June 2013 Sales amounted to SEK 1 873 million (SEK 2 050 million), -9% of which currency effect SEK 58 million (3 %). Operating result amounted to SEK 86.3 million (SEK 61.3 million) Result after tax amounted to SEK 39.0 million (SEK 25.1 million) Cash flow from operations amount
Slide 25: January – June 2013
January – June 2013 Sales -9%, SEK 1 873 million (SEK 2 050 million) Sales in local currencies -6%. Corporate Promo -8%, Sport & Leisure -8%, Gifts & Home -15%. Weak market conditions Sales weak in both sales channels Operating segments Corporate Promo -8% to SEK 766 million (SEK 831 m
Slide 26: January – June 2013: Sales per region
January – June 2013 Sales per region JAN-JUN Part of JAN-JUN Part of Change % 2013 turnover 2012 turnover MSEK Sweden 485 26% 558 27% -73 -13 USA 501 27% 524 25% -23 -4 Nordic countries excl Sweden 294 16% 323 16% -29 -9 Central Europe 334 18% 365 18% -31 -8 South Europe 158 8% 178 9% -20 -11 Other
Slide 27: January – June 2013: Income statement
January – June 2013 Income statement 6 months 6 months Jan-Jun Jan-Jun SEK Million 2013 2012 Income 1 872.6 2 050.3 Goods for resale -985.9 -1 111.2 Gross profit 886.7 47.4% 939.1 45,8% Other operating income 16.3 18.0 External costs -432.7 -485.5 Personnel costs -352.6 -375.5 Depreciation/amortizat
Slide 28: January – June 2013: EBITDA per operating segment
Promowear brand James Harvest Sportswear helps companies create a January – June 2013 winning team-spirit. EBITDA per operating segment Corporate promo amounted to SEK 57.6 million (SEK 69.8 million) Lower sales, savings Sports & Leisure amounted to SEK 53.0 million (SEK 51.7 million) Lower
Slide 29: January - June 2013: Cash flow
January - June 2013 Cash flow 6 mths 6 mths Jan-Jun Jan-Jun SEK Million 2013 2012 Cash flow from operating act. before changes in working capital 36.6 31.0 Changes in working capital 111.3 146.8 Cash flow from operating activities 147.9 177.8 Investing activitites -18.6 -25.9 Cash flow after investi
Slide 30: Financial highlights - summary
Financal highlights - summary 6 months 6 months 12 months 12 months 12 months 12 months 12 months Jan-Jun Jan-Jun Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2013 2012 2012 2011 2010 2009 2008 Sales growth, % -8.7 5.2 1.0 -0.2 3.8 -11.2 9.8 Number of employees 2 222 2 423 2 258 2 470 2 196 2 203 2 562 G
Slide 31: Post balance sheet events
Orrefors har ett klassiskt formspråk, med rena linjer som framhäver glasets form och karaktär. Post balance sheet events Craft Sportswear North America As of July1 New Wave Group, through its wholly owned subsidiary New Wave USA Inc, acquired the distribution of CRAFT products on the North Ameri
Slide 32: Final words
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 possible way we can — through long-term thinking, growth, stability and hard work!