New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q3 2015 Earnings Presentation
25 slides from New Wave Group Ab Class B's earnings presentation, October 2015
Slide 1: Interim Report January - September 2015
Craft Interim Report January - September 2015 J.Harvest & Frost
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, sports, gifts and home furnishings sectors. Our three operating segments are: Corporate Promo; promowear, promotional gifts and workwear, Sports & Leisure and
Slide 3: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes 48 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 & Leisure or Gi
Slide 4: Corporate Promo vision
J. Harvest & Frost 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, a
Slide 5: 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 6: Gifts & Home Furnishings vision
Orrefors Kosta Boda 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
Slide 7: Financial information
Clique Retail Craft Craft Cutter & Buck Cutter & Buck Financial information J.Harvest & Frost
Slide 8: July - September 2015
Clique July - September 2015 Sales SEK 1 272 (1 122) million Sales increased 13% (5% in local currencies) Corporate Promo 17%, Sports & Leisure 11%, Gifts & Home 15% Improvements in all regions, except Nordic region (excl Sweden) Promo sales channel 19%, retail 9% Operating segments Co
Slide 9: July – September 2015 Sales per area
July – September 2015 Sales per area JUL-SEP Part of JUL-SEP Part of Change % 2015 turnover 2014 turnover MKR Sweden 271.1 21% 251.5 23% 19.6 8 USA 403.4 32% 344.5 31% 58.9 17 Nordic countries excl Sweden 168.3 13% 169.3 15% -1.0 -1 Central Europe 220.0 17% 183.3 16% 36.7 20 Southern Europe 101.3 8%
Slide 10: Sales
Sales 1500 1200 900 600 300 0 Q1 Q2 Q3 Q4 2010 92011 J 2012 F203 2014 J 2015
Slide 11: July – September 2015
July – September 2015 J. Harvest & Frost Ahead Gross profit margin amounted to 45.1 (44.6)% mix of products, countries and customers Total costs amounted to SEK -475.8 (-391.4) million additional sales and marketing activities currency affected costs negatively with SEK 42 million Operat
Slide 12: Income statement July – September 2015
July – September 2015 Income statement Jul-Sep Jul-Sep SEK Million 2015 2014 Income 1 272.0 1 122.3 Goods for resale -697.8 -621.9 Gross profit 574.2 45.1% 500.4 44.6% Other operating income 22.1 5.1 External costs -273.0 -216.6 Personnel costs -202.8 -174.8 Depreciation/amortization -13.7 -14.4 Oth
Slide 13: EBITDA per operating segment
Projob Workwear July - September 2015 EBITDA per operating segment Corporate Promo amounted to SEK 26.6 (40.4) million Higher turnover Somewhat lower gross margin % (mix of products) Higher costs due to increased activity within sales and marketing Sports & Leisure amounted to SEK 77.8 (75
Slide 14: Result before tax
Result before tax -150 2010 Q1 MH 2011 Q2 BM 2012 Q3 MM 2013 Q4 BM 2014 BM 2015
Slide 15: Cash flow July - September 2015
July - September 2015 Cash flow Jul-Sep Jul-Sep SEK Million 2015 2014 Cash flow from operating act. before changes in working capital 73.8 93.1 Changes in working capital -235.0 -383.8 Cash flow from operations -161.2 -290.7 Investing activitites -15.1 -12.2 Cash flow after investing activities -176
Slide 16: January – September 2015
Clique January – September 2015 Sales SEK 3 559 (3 014) million Sales increased 18% (8% in local currencies) Corporate Promo 21%, Sports & Leisure 19%, Gifts & Home 5%. Improvements in all regions Promo sales channel 24%, retail 12% Sales per Operating segments Corporate Promo 21% to S
Slide 17: Sales per area January - September 2015
January - September 2015 Sales per area JAN-SEP Part of JAN-SEP Part of Change % 2015 turnover 2014 turnover MSEK Sweden 776.1 22% 722.9 24% 53.2 7 USA 1 044.9 29% 826.2 28% 218.7 26 Nordic countries excl Sweden 501.5 14% 456.3 15% 45.2 10 Central Europe 636.2 18% 541.1 18% 95.1 18 Southern Europe 3
Slide 18: January - September 2015
J. Harvest & Frost January - September 2015 Gross profit margin amounted to 45.1 (45.2)% improved service level, but the mix of products, countries and customers have influenced gross margin % negatively Total costs amounted to SEK -1 422.1 (-1 194.0) million additional sales and marketing a
Slide 19: Income statement January - September 2015
January - September 2015 Income statement Jan-Sep Jan-Sep SEK Million 2015 2014 Income 3 559.4 3 014.1 Goods for resale -1 952.6 -1 651.4 Gross profit 1 606.8 45.1% 1 362.7 45.2% Other operating income 39.2 17.6 External costs -802.0 -663.0 Personnel costs -620.1 -531.0 Depreciation/amortization -42
Slide 20: EBITDA per operating segment
Orrefors January - September 2015 EBITDA per operating segment Corporate Promo amounted to SEK 88.1 (96.5) million Higher turnover Higher costs due to increased activity within sales and marketing Sports & Leisure amounted to SEK 113.3 (102.6) million Higher turnover Higher costs due to
Slide 21: Cash flow January - September 2015
January - September 2015 Cash flow Jan-Sep Jan - Sep SEK Million 2015 2014 Cash flow from operating act. before changes in working capital 119.2 124.8 Changes in working capital -365.2 -354.4 Cash flow from operating activities -246.0 -229.6 Investing activitites -81.0 -44.7 Cash flow after investin
Slide 22: Financial highlights - summary
Financial highlights - summary 9 months 9 months 12 months 12 months 12 months 12 months 12 months Jan-Sep Jan-Sep Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2015 2014 2014 2013 2012 2011 2010 Sales growth, % 18.1 3.7 5.6 -5.4 1.0 -0.2 3.8 Number of employees 2 361 2 186 2 212 2 123 2 258 2 470 2 196 G
Slide 23: CEO summary
CEO summary Sales and result Growth increased 13% (5% in local currencies) Promo sales channel 19% and Sweden 14% Growth started this quarter last year Continue our “investment phase”, where we are increasing our sales and marketing costs which decreases our profit short term Balance she
Slide 24: The marketing activities in Sweden continue…
Orrefors The marketing activities in Sweden continue… Harvest & Frost Cottover Cutter & Buck Orrefors Kosta Boda Jobman Projob Evening press/magazine Social media Web Resellers
Slide 25: in the best possible way we can —
Craft offers sports lovers at all levels underwear, insulating mid layer, and outerwear within running, cross country skiing, bicycling and alpine skiing. 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