New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q1 2006 Earnings Presentation
29 slides from New Wave Group Ab Class B's earnings presentation, 2006
Slide 1: Presentation of New Wave Group 2006-1
© 2006 New Wave Group AB ENG 2006–1 Presentation of
Slide 2: Business idea
Business idea New Wave Group is a growing company that designs, acquires and de- velops quality articles for the profiling market (business market) and the consumers’ market, mainly in the clothing, accessories and gifts areas. New Wave Group concentrates on two business areas: ✔ The Retailing busine
Slide 3: Did you know...
Did you know... ...that New Wave Group through its trademarks (2005) sold approximately… ✔ 4.2 million one-coloured T-shirts in Sweden and 6 million in the rest of Europe? ✔ 1.4 million piqué shirts in Sweden and 3.8 million in the rest of Europe? ✔ 400 thousand shirts in Sweden and 690 thousand in
Slide 4: New Wave – history
New Wave – history ✔ 1990 • ✔ 1994 • Sweden and Norway. Finland and Italy. ✔ 1996 • Acquisition of Craft AB. ✔ 1997 • Denmark, Spain and Ger- many. Sales ✔ 1998 • Acquisition of Hefa AB. Result after net financial items ✔ 1999 • Holland and England. ✔ 2000 • France. Acquisition of Texet AB. ✔ 2001 •
Slide 5: Vision – The Profiling business area
Vision – The Profiling business area To become Europe’s leading supplier of promotion products by offering... ✔ good products. ✔ strong trademarks. ✔ high compentence and service. ✔ a unique and complete concept for our retailers. The total market covering the suppliers within the three © 2006 New Wa
Slide 6: Range coverage – The Profiling business area
Range coverage – The Profiling business area Existing Possible New Wave Distributors Promowear Give-aways Working clothes • Shirts • Bags • Overalls • T-shirt • Gifts • Jackets • Sweatshirt • Terry towels • etc. • etc. • Pens • Calculators • Lighters • Keyrings © 2006 New Wave Group AB • etc. FULL CO
Slide 7: Owned trademarks in the Profiling business area
The following owned trademarks are distributed within the Profiling business area: © 2006 New Wave Group AB 2006–7 ENG
Slide 8: Give-aways – The Profiling business area
Give-aways – The Profiling business © 2006 New Wave Group AB 2006–8 ENG
Slide 9: Workwear – The Profiling business area
Workwear – The Profiling business area © 2006 New Wave Group AB 2006–9 ENG
Slide 10: Promowear – The Profiling business area
Promowear – The Profiling business area © 2006 New Wave Group AB 2006–10 ENG
Slide 11: Vision – The Retailing business area
Vision – The Retailing business area ✔ To become the Nordic countries’ main supplier of sports- and leisurewear. ✔ To develop Sagaform into one of Europe’s biggest brands on kitchen, china and gifts. ✔ To develop the owned trademarks Craft and Seger into international trademarks on functional sports
Slide 12: The Retailing business area
The Retailing business area These owned trademarks are distributed within the Retailing business area: ✔ – functional sportswear ✔ – basicwear, T-shirts etc, for the sports trade. ✔ – socks, caps etc. ✔ – children’s shoes ✔ – gifts ✔ – textile products ✔ – textile products ✔ – glass © 2006 New Wave
Slide 13: The Retailing business area – licence and agent trademarks
The Retailing business area The following licence or agent trademarks are distributed in Sweden: ✔ – skiing equipment ✔ – inlines ✔ – indoor bandy and skiing equipment ✔ – football clothes and equipment © 2006 New Wave Group AB 2006–13 2003–2008 ENG
Slide 14: Q1 January–March 2006
Q1 January–March 2006 ✔ Sales: +46% to SEK 755 (516) m Profiling: +31% to SEK 456 (347) m Retailing: +77% to SEK 229 (169) m ✔ Profit: SEK +5.6 m to -2.9 (-8.5) m Profiling: EBITDA SEK +8.5 m to SEK 15.0 (6.5) m Retailing: EBITDA SEK +3.4 m to SEK 4.3 (0.9) m © 2006 New Wave Group AB 2006–14 ENG
Slide 15: Important events during Q1
Importent events during Q1 ✔ New Wave sole owner 100% of Orrefors Kosta Boda. ✔ Organic growth 20% (SEK 102 m) of the quarter. ✔ Strong increase of all markets (Sweden included). ✔ The cost for new establishments amounted to SEK 12.4 m. ✔ The cost for aquired units amounted to SEK 12.1 m. ✔ Craft ha
Slide 16: Income Statement
Income Statement 3 months 3 months 12 months 12 months JAN-MAR JAN-MAR JAN-DEC JAN-DEC SEK m 2006 2005 2005 2004 Net sales 755.3 516.5 3 059.0 2 302.2 Goods for resale -407.7 -288.6 -1 638.7 -1 246.4 Gross profit 347.6 227.9 1 420.3 1 055.8 Gross margin 46.0% 44.1% 46.4% 45.9% Other operating income
Slide 17: Financial Highlights
Financial Highlights JAN-MAR JAN-MAR JAN-DEC JAN-DEC JAN-DEC JAN-DEC 2006 2005 2005 2004 2003 2002 Sales growth % 46,3 10,2 32,9 22,3 11,5 32,0 Employees per year 1 981 1 506 2 032 1 269 806 729 Gross profit margin % 46,0 44,1 46,4 45,9 44,4 42,0 Operating margin % 1,3 0,0 9,7 11,4 10,9 10,6 Profit ma
Slide 18: Sales
Mkr Sales 1100 SEK M 1000 900 800 700 600 500 400 300 200 100 © 2006 New Wave Group AB 0 2006–18 Q1 Q2 Q3 Q4 ENG 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Slide 19: Profit/loss after net financial items
Profit/loss after net financial items © 2006 New Wave Group AB 2006–19 ENG
Slide 20: Sales per country
Sales per country JAN-MARCH Part of JAN-MARCH CHANGE COUNTRY 2006 turn over 2005 MKR % Sweden 288 38% 200 88 44 Benelux 87 12% 72 15 21 Norway 57 8% 39 18 46 Germany 56 7% 38 18 47 Italy 42 6% 29 13 45 Finland 41 5% 36 5 14 USA 34 5% 0 34 N/A Denmark 29 4% 23 6 26 England 26 3% 17 9 53 Switzerland 2
Slide 21: This has been/will be done in OKB
This has been/will be done in OKB ✔ Large cost reductions, SEK 50 m per year. ✔ Integration of sales to Profiling business area. ✔ Production running well. ✔ Orrefors Jernverk and Boda Linnewäfveri is being established to be launched in autumn 2006. ✔ To be established in China, Flag Ship Stores will
Slide 22: New establishments
New establishments – Switzerland (New Wave Group SA, Craft Suisse SA) – Purchasing (large reinforcements in Asia) – Working clothes: Projob (Finland, Denmark, Belgium, Luxemburg, Netherlands, Italy, Spain + Great Britain, Germany, Italy and France in 2006), Jobman (Norway, Germany, Italy and the Net
Slide 23: Views of 2006
Views of 2006 ✔ Several establishments and aquisitions made during 2005. Focus on getting new establishments profitable and to imple- ment the aquisitions. ✔ 1st quarter charged by OKB, but will lead to a positive benefit of the whole year. ✔ Both sales and profit will be higher than 2005. © 2006 New W
Slide 24: What says that we are going to succeed?
What says that we are going to succeed? © 2006 New Wave Group AB 2006–24 ENG
Slide 25: What we have accomplished so far speaks for itself...
What we have accomplished so far speaks for itself... Year Sales SEK m Increase SEK m Increase % 1992 53 1993 74 21 39,7 % 1994 102 28 37,8 % 1995 151 49 48,0 % 1996 246 95 62,9 % 1997 351 105 42,7 % 1998 721 370 105,4 % 1999 799 78 10,8 % 2000 1.063 264 33,0 % 2001 1.278 215 20,2 % 2002 1.687 409 3
Slide 26: ...profit has increased every year...
...especially considering the fact that the profit has increased every year... Year Net profit SEK m Increase SEK m Increase % 1992 3,8 1993 7,5 3,7 97,4 % 1994 9,7 2,2 29,3 % 1995 14,5 4,7 48,5 % 1996 17,9 3,4 23,5 % 1997 21,6 3,7 20,7 % 1998 24,5 2,9 13,4 % 1999 54,1 29,6 120,8 % 2000 86,6 32,5 60,0
Slide 27: Our goals
Our goals ✔ Sales: SEK 5 b. ✔ Stock value: SEK 5 b. ✔ Profit/loss before taxes: SEK 500 m. ...and without these goals, which might seem crazy now, we will not be © 2006 New Wave Group AB able to come as far as we plan to in the future! When we have reached these goals, or just before we reach them, w
Slide 28: Our vision
Our vision ✔ Sales: SEK 10 b. ✔ Stock value: SEK 10 b. ✔ Profit/loss before taxes: SEK 1 b. © 2006 New Wave Group AB 2006–28 ENG
Slide 29: We hope that everybody who buys our products is a content customer
We hope that everybody who buys our pro- ducts is a content customer and we want you to know that if you choose to invest in New Wave Group we promise that we will take care of your investment in the best possible way through long-term thinking, growth, stability and hard work! © 2006 New Wave Group