Elektroimportoren As · OSL:ELIMP
Elektroimportoren As — Elektroimportøren — Q2 2022 Earnings Presentation
13 slides from Elektroimportoren As's earnings presentation, Aug 18, 2022
Slide 1: Elektroimportøren 2nd quarter presentation
Elektroimportøren 2nd quarter presentation August 18 2022 Andreas Niss CEO Petter Bjørnstad CFO
Slide 2: Operational update
Operational update A more challenging quarter than expected Second half of June was the most challenging in attracting B2C customers B2B continues to grow more than the market Good cost control but challenging to reach last year gross margin levels Integration of Elbutik continues and is going well
Slide 3: Summary of key financials Q1
Summary of key financials Q1 • Revenue of 358.3 MNOK (320.8 MNOK) up 11.6%. • Like-for-like sales in stores up 1% • Total like-for-like sales have been reduced with 2.4%, driven by a reduction in online sales. • Online share of total sales (excluding pick up in store) 18.9% • B2B sales increased wit
Slide 4: Elbutik Scandinavia
Elbutik Scandinavia Q2 sales 31.5 MSEK First store location found, and agreement signed. Plan to open Q1 2023 in the greater Stockholm area Hired Christer Olsson as new managing director for Sweden Integration of IT systems and ways of working continues, and is going well Expanding warehouse capacit
Slide 5: EV chargers
EV chargers Sales of EV chargers grew with 38% to 47.6 MNOK in Q2 Supply of chargers continues to be good
Slide 6: Namron
Namron SOB for Q2 is at 30.8% (Norway) New product launches in all major categories in Q3 and Q4 Key driver for increasing gross margin in Sweden
Slide 7: More than 750 installations made in Q2
More than 750 installations made in Q2 Total sales in Q2 MNOK 7.4 (4.3 MNOK) 14 new installation partners in Q2
Slide 8: Revenues
Revenues Shift in sales from online to physical stores due to Covid situation last year, online down 19% in Norway year on year but still 54% higher sales than in 2019 Positive like-for-like in physical stores, ok performance in new stores As expected tough comparables from last year
Slide 9: Gross margin
Gross margin Margin percentage down year on year We expect margin percentage for last two quarters to be higher than for this quarter
Slide 10: OPEX
OPEX Opex Q2 2021 to Q2 2022 100 90 80 1 ——j . 7 ——— hi 60 50 40 OPEX Q2 2021 LFL physical stores New stores Elbutik (new in 2022) Increase in energy Other OPEX Q2 2022 costs LFL
Slide 11: EBITDA
EBITDA 70 EBITDA bridge Q2 2021 to Q2 2022 EBITDA Q2 2021 LFL physical stores New stores Operating costs EBITDA Q2 2022
Slide 12: Events after the period and outlook
Events after the period and outlook We opened store number 27 in Drammen 15th of August Price increases to all customer segments where implemented in July We beleive that the toughest comparable figures are behind us We do not foresee any major disruptions in supply of products Preperations for peak
Slide 13: Q&A
Q&A == Elektroimportoren