Komplett Asa · OSL:KOMPL
Komplett Asa — Q3 2024 Earnings Presentation
17 slides from Komplett Asa's earnings presentation, 2024
Slide 1: Third quarter 2024
he KOMPLETT’GROUP Third quarter 2024 Jaan Ivar Semlitsch, CEO Thomas Rakke, CFO iwebhallen
Slide 2: Disclaimer
| Disclaimer This presentation has been prepared by Komplett ASA (the “Company’) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on our
Slide 3: Q3-24 Highlights
| 03-24 Highlights Limited improvements in market dynamics, improving outlook Continued difficult environment in key markets and categories © Limited improvements in market dynamics and product cycles YoY growth in per cent J a o The market in Sweden remains particularly soft, whilst demand in Norwa
Slide 4: Q3-24 Key financials
| 03-24 Key financials Continued sales and margin weakness negatively affected the operating results co Limited improvements in market dynamics resulted in a3.1 per Revenue Gross margin cent revenue decline (-5.8 per cent in constant currency) 4734 sy 0% 150% co Campaign activities and price investm
Slide 5: Q3-24 Key initiatives
| 03-24 Key initiatives Good progress on strategic agenda presented at the capital markets day net@net © Good traction from recent store re-openings - NetOnNet is gaining ground in Norway © Twolarge cities, Bergen and Sédertalje, signed to be opened in 04 © Good growth and market share gain for NetO
Slide 6: Financial performance
Slide 7: Key financials
| Key financials Results impacted by product cycles, weak markets and strong competition . © 3.1per cent revenue decline driven by weak demand in core categories Revenue Gross profit - . o Adjusted for currency effects, revenue declined by 5.8 per cent YoY 524 478 © Impacted by weak demand in the gr
Slide 8: Easing headwind in core categories
B2C Easing headwind in core categories 3513 2543 2594 ? : : : | 03-23 04-23 01-24 02-24 03-24 fl Revenue (NOK million) @ Gross margin(%) 94 fa 7 “17 ap aA -38 03-23 04-23 01-24 02-24 03-24 HELEBIT(NOK million) @ EBIT margin(%) o Revenue decline of 2.0 per cent YoY (-5.9 per cent LFL) o Norway -3.4 p
Slide 9: Cautious spending pattern, improved outlook
B2B Cautious spending pattern, improved outlook 457 395 417 2 2 [ 03-23 04-23 Q1-24 02-24 03-24 fl Revenue (NOK million) @ Gross margin(%) 29 26 19 7 Fy ? 03-23 04-23 Q1-24 02-24 03-24 Ml EBIT(NOK million) @ EBIT margin(%) o Revenue decline of 8.9 per cent (-9.2 per cent LFL) o Norway-11.2 per cent,
Slide 10: Distribution
Distribution Softer demand from SME segment and adverse mix effects 823 826 395 696 L 03-23 04-23, 01-24 02-24 03-24 I Revenue (NOK million) @ Gross margin(%) 14 aT 12 4 1 0.2% _@ 03-23 04-23 01-24 02-24 03-24 { EBIT(NOK million) @ EBIT margin(%) o Revenue decline of 3.3 per cent (-3.6 per cent LFL)
Slide 11: Cash flow & working capital
| Cash flow & working capital Net working capital reduction contributing to positive cash flow a : Net cash flow from operating activities Net cash used in investing activities Net cash (used in)/from financing activities Net change in cash and cash equivalents Inventory Trade receivables - regular
Slide 12: Financial position
| Financial position Continued good liquidity and headroom against covenants in the quarter Liquidity reserve 1149 03-23 2.6x 03-23 1156 a Net interest-bearing debt 1378 03-24 03-23 Leverage ratio 3.3x 3.0x 2.4x 04-23 O24 02-24 NIBD/LTM EBITDA 03-24 3.9x 03-24 ° Healthy liquidity reserve at NOK 1156
Slide 13: Summary and outlook
be KOMPLETT’GROUP Summary and outlook Jaan Ivar Semlitsch, CEO
Slide 14: Key takeaways
Key takeaways | Prolonged market weakness from cautious consumer spending, intense competition and limited new product launches @ kompPtett’GRouP Innovation-led product cycles, weak markets and strong competition have extended longer than anticipated earlier in the year Continued campaign activities
Slide 15: Outlook
Outlook i$ KOMPLETT’GROUP Good progress with strategic initiatives in anticipation of a market recovery Strong commercial plans for peak season and inventory calibrated to ensure the right availability Competition is likely to remain strong, which will require price investments and campaigns to defe
Slide 16: Utilising a broad media mix to stay top of mind
Utilising a broad media mix to stay top of mind among consumers before peak season jor ot skikkelig godt e-1oP, one ‘Abruke for mye power BS romeesynnine Gjor et skikkelig godt el-kjop, uten a bruke for mye power @ komPLetrno Airfryer
Slide 17: Alternative Performance Measures
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