New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q1 2014 Earnings Presentation
26 slides from New Wave Group Ab Class B's earnings presentation, March 2014
Slide 1: Interim report January – March 2014
Craft Interim report January – March 2014 Photo by Craft
Slide 2: Great succes in Sochi
Great succes in Sochi Craft and Auclair’s athletes took 73 medals ! The brands Craft och Auclair had great success at the Olympics and Paralympics. In total, 73 medals was taken by the Dutch skaters, Canadian teams and the Swedish and Finnish cross country teams.
Slide 3: 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 4: Our brands
Seger Our brands
Slide 5: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes more than 40 different brands, 3 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 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 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
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 broad product range, strong brands, advanced expertise and service, and a superior all-
Slide 11: Sports & Leisure
Sports & Leisure Sports & Leisure consists of 13 different brands. One licensed brand, Speedo, is sold alongside the company’s own brands. Sports & Leisure answered for 48 % of the Group’s sales in 2013. Most of the sales relate to the retail market (sports retail sector) but some sales also stem fr
Slide 12: Sports & Leisure vision
Seger 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 to strengthening Speed
Slide 13: 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 13 % of the Group’s sales figures in 2013. While the brands are mainly sold in the retail ma
Slide 14: Gifts & Home Furnishings vision
Orrefors 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 involves utilising innovative and playful design to make Sagaform a prominent player in N
Slide 15: Financial information
Craft Financial information
Slide 16: January – March 2014
Kosta Linnewäfveri January – March 2014 « Sales amounted to SEK 909 million (SEK 877 million), 4% «acquired business SEK 9 million « Operating result amounted to SEK -5.9 million (SEK 16.1 million) «lower gross margin and increased costs due to higher activity within sales and marketing. «acqui
Slide 17: January – March 2014 sales
Cutter & Buck January – March 2014 « Sales 4%, SEK 909 million (SEK 877 million) « Sales in local currencies 3%. « Acquired business SEK 9 million « Corporate Promo 5%, Sport & Leisure 3%, Gifts & Home 1%. « Improvements in Nordic countries, Sweden but weaker in USA « Sales improved primarily
Slide 18: Sales per area
January – March 2014 Sales per area JAN-MAR Part of JAN-MAR Part of Change % 2014 turnover 2013 turnover MSEK Sweden 220 24% 213 24% 7 3 USA 221 24% 223 26% -2 -1 Nordic countries 143 16% 139 16% 4 3 Central Europe 190 21% 178 20% 12 7 South Europe 76 8% 78 9% -2 -3 Other countries 59 7% 46 5% 13 28
Slide 19: Income statement
January – March 2014 Income statement Jan-Mar Jan-Mar SEK Million 2014 2013 Income 908.5 877.3 Goods for resale -497.7 -456.8 Gross profit 410.8 45.2% 420.5 47.9% Other operating income 7.1 8.6 External costs -229.5 -223.0 Personnel costs -179.5 -174.7 Depreciation/amortization -12.4 -11.7 Other ope
Slide 20: EBITDA per operating segment
Kosta Linnewäfveri January – March 2014 EBITDA per operating segment « Corporate promo amounted to SEK 1.4 million (SEK 8.9 million) « Lower gross margin percentage « Higher costs due to increased activity in sales and marketing « Sports & Leisure amounted to SEK 18.9 million (SEK 25.3 million)
Slide 21: Sales
Sales 1500 1200 900 600 300 ar Ott 2009 fj 2010 20 F202 F203 Bh 2014
Slide 22: Result before tax
Result before tax 150 100 0 Lt | ll = ©! 1 1 -50 Q1 Q2 Q3 Q4 2009 2010 F200 F202 F203 20%
Slide 23: Cash flow
January - March 2014 Cash flow Jan-Mar Jan-Mar SEK Million 2014 2013 Cash flow from operating act. before changes in working capital -7.1 -18.7 Changes in working capital 95.9 124.8 Cash flow from operations 88.8 106.1 Investing activitites -15.0 -9.7 Cash flow after investing activities 73.8 96.4 F
Slide 24: Financial highlights - summary
Financal highlights - summary 3 months 3 months 12 months 12 months 12 months 12 months 12 months Jan-Mar Jan-Mar Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2013 2012 2013 2012 2011 2010 2009 Sales growth, % 3.6 -10.0 -5.4 1.0 -0.2 3.8 -11.2 Number of employees 2 159 2 250 2 123 2 258 2 470 2 196 2 203
Slide 25: CEO summary
CEO summary « Sales and result « Slightly better than expected « still shortage in promo stock but positive calendar effect « more sales people and additional recruitments on its way « Stock « Purchases in accordance with plan and will be completely in phase during Q3. « Balance sheet « Bala
Slide 26: Final words
Craft 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!