Slide 1: Presentation 10 February – Year End Report Jan-Dec 2010
Presentation 10 february Year End Report Jan - dec 2010
Slide 2: This is New Wave Group
This is New Wave Group • New Wave Group is a growth company. We create, acquire and develop brands and articles for the Corporate Promo and Retail sales channels. • We have three business areas: Promo; workwear, promo wear, and gifts & giveaways to independent promo companies, Sports & Leisure and G
Slide 3: New Wave Group…
New Wave Group… … has more than 40 brands in its brand portfolio. … has subsidiaries in 20 countries. … is Sweden’s largest supplier of sports articles, brands include Craft, Seger, Umbro, Speedo and Clique. … is Europe’s second largest supplier of promo articles with more than 18 fully owned brands
Slide 4: Historical development
Historical development 4 800 340 4 600 320 4 400 4 200 300 4 000 280 3 800 3 600 260 3 400 240 3 200 220 3 000 2 800 200 2 600 180 2 400 2 200 160 2 000 140 1 800 120 1 600 1 400 100 1 200 80 1 000 800 60 600 40 400 200 20 0 0 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 Sales, MSEK PBT, MSEK
Slide 5: Promo – promo wear
Promo – promo wear Classic Sports Volume
Slide 6: Promo – gifts
Promo – gifts
Slide 7: Promo - workwear
Promo - workwear
Slide 8: Promo – workwear
Promo — workwear WORKWEAR
Slide 9: Vision - promo
Vision - promo Our vision is to become Europe’s leading supplier of promo articles by offering: high quality products strong brands knowledge and service a superior overall concept to resellers
Slide 10: Retail
Retail • Specialised stores for gifts • Home interior • Home textiles • Specialised stores for sports articles • Specialised stores for shoes
Slide 11: Retail
Retail • New Wave’s retail operation is divided into two categories: – Sports & Leisure • Fully owned brands • Licensed brands – Gifts & Home Interior • Fully owned brands
Slide 12: Retail – Sports & Leisure
Retail – Sports & Leisure Fully owned brands! Functional sports wear Leisure wear, T-shirts etc. Knitted socks, hats, etc. Children’s and women’s shoes Golf and leisure wear
Slide 13: Retail – Sports & Leisure
Retail – Sports & Leisure Licensed brands! Football wear and equipment Swimwear
Slide 14: Retail – Gifts & Home Interior
Retail – Gifts & Home Interior Fully owned brands! Gifts and home interior Gifts and home interior Gifts and home interior Gifts and home interior Glass and crystal Art glass Glass
Slide 15: Vision – Retail
Vision – Retail • We shall become the Nordic countries’ leading supplier of sports and leisure wear. • Make the fully owned brands Craft and Seger internationally renowned functional sportswear brands. • Develop Sagaform into one of Europe’s leading brands on kitchenware, chinaware and gifts. • Deve
Slide 16: The larger Group's synergies – the smaller companies' flexibility
The larger Group’s synergies – the smaller companies’ flexibility Promo HIGH END Promo wear PRODUCTS Promo gifts Warehouse Logistics Workwear NEW WAVE GROUP Retail Design / Product Purchasing development Sportswear Textiles Gifts BASIC Home interior PRODUCTS
Slide 17: October - December 2010
October - December 2010 q Sales amounted to SEK 1 202 million, which was 17% higher then previous year in local currencies and 11% higher in SEK (SEK 1 002 million). q Operational profit amounted to SEK 138.1 (96.6) million q Profit after tax SEK 99.0 (61.3) million q Cash flow from operations a
Slide 18: Comments October-December 2010
Comments October-December 2010 q Sales 11%, SEK 1 202 (1 082) million – Sales in local currencies +17% (currency effect SEK -65 million or -6%) – Sport & Leisure strong growth, but also improvement within Promo. – All our geograhical regions are showing growth (local currency). – Both sales channel
Slide 19: Sales per region
Sales per region OCT-DEC Part of OCT-DEC Part of Change % 2010 turnover 2009 turnover MKR Sweden 404 34% 351 32% 53 15 USA 196 16% 162 15% 34 21 Nordic countries excl Sweden 161 14% 147 14% 14 10 Central Europe 243 20% 235 22% 8 3 South Europe 158 13% 146 14% 12 8 Other countries 40 3% 41 4% -1 -2 T
Slide 20: Comments October-December 2010
Comments October-December 2010 q Operating margin 11.5 (8.9) % q Profit margin 10.8 (8.3) % q Profit after tax improved with SEK 37.7 million and amounted to SEK 99.0 (61.3) million – Earnings per share SEK 1.47 (0.90)
Slide 21: Income statement
Income statement 3 mths 3 mths oct-dec oct-dec SEK Million 2010 2009 Net sales 1 202,1 1 082,4 Goods for resale -620,7 -582,4 Gross profit 581,4 500,0 Other operating income 9,4 21,9 External costs -252,9 -234,8 Personnel costs -179,4 -170,9 Depreciation/amorization -14,2 -16,0 Other operating costs
Slide 22: Sales (in SEK million)
Sales (in SEK million) 1500 1200 900 600 — 300 Q1 Q2 Q3 Q4 2006 [2007 J 2008 fj 2009 J 2010
Slide 23: Profit before tax, SEK million
Profit before tax, SEK million
Slide 24: Cash flow October-December 2010
Cash flow October-December 2010 3 mths 3 mths oct-dec oct-dec SEK Million 2010 2009 Cash flow from operating act. before changes in working capital 124,2 71,4 Changes in working capital 78,0 358,9 Cash flow from operating activities 202,2 430,3 Investing activitites -15,9 18,9 Cas h flow after inves
Slide 25: January - December 2010
January - December 2010 q Sales amounted to SEK 4 243 million, which was 9% higher then previous year in local currencies and +4% in SEK (4 087 million). q Operating profit amounted to SEK 327.6 million (172.4) q Previous year was charged with a net of SEK 43.6 million (restructuring costs deduct
Slide 26: Comments January-December 2010
Comments January-December 2010 q Sales +4%, SEK 4 243 million (4 087) – Sales in local currencies +9% (currency effect SEK -217 million or -6 %) – Sport & Leisure and Promo has a good development. – USA, Swedan and Nordic countries are showing growth. Mid-Europe is stable while South Europe is weak
Slide 27: Sales per region
Sales per region JAN-DEC Part of JAN-DEC Part of Change % 2010 turnover 2010 turnover MSEK Sweden 1 288 30% 1 215 30% 73 6 USA 893 21% 789 19% 104 13 Nordic countries 651 15% 625 15% 26 4 Central Europe 798 19% 804 20% -6 -1 South Europe 468 11% 502 12% -34 -7 Other countries 145 4% 152 4% -7 -5 Tot
Slide 28: Comments Januari-December 2010
Comments Januari-December 2010 q Operating margin 7.7 (4.2) % – Previous year was charged with a net of SEK 43.6 million (restructuring costs deducted with capital gains) q Profit margin 7.1 (3.1) % – Previous year was charged with a net of SEK 43.6 million (restructuring costs deducted with capit
Slide 29: Income statement
Income statement 12 mths 12 mths jan-dec jan-dec SEK Million 2010 2009 Net sales 4 243,4 4 087,0 Goods for resale -2 243,5 -2 185,3 Gross profit 1 999,9 1 901,7 Other operating income 32,2 68,9 External costs -946,2 -949,1 Personnel costs -679,2 -751,5 Depreciation/amorization -58,4 -70,6 Other oper
Slide 30: Cash flow Januari-December 2010
Cash flow Januari-December 2010 12 mths 12 mths jan - dec jan - dec SEK Million 2010 2009 Cash flow from operating act. before changes in working capital 342,2 138,9 Changes in working capital 1,4 667,4 Cash flow from operating activities 343,6 806,3 Investing activitites -57,6 -23,0 Cas h flow afte
Slide 31: Stock
Stock q Amounted to SEK 1 595 (1 625) million per 31 december 2010 ─ Goods for resale SEK 1 388 million (1 473) ─ Raw materials, good in transit etc SEK 207 million (152) ─ Provision for obsolete goods SEK 61 million (74) Stock per 31 december to low in certain segments within the promo stock. Impr
Slide 32: Financial highlights – summary
Financial highlights – summary 12 mths 12 mths 12 mths 12 mths jan - dec jan - dec jan - dec jan - dec 2010 2009 2008 2007 Sales growth % 3,8 -11,2 9,8 18,8 Number of employees 2 196 2 203 2 562 2 350 Gross margin % 47,1 46,5 48,5 47,6 Operating margin bef. depreciation % 9,1 5,9 9,4 11,0 Operating
Slide 33: Outlook for 2011-2014
Outlook for 2011-2014 2011 – We expect profit growth and a higher turnover than 2010 2012-2014 – Sales and earnings growth. Better focus on cash flow than previous years.
Slide 34: We aim to make everyone who buys our products a happy customer
We aim 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 know how — through long-term thinking, growth, stability, and hard work!