Clicks Group Limited · JSE:CLS
Clicks — New Clicks Holdings — H1 2007 Earnings Presentation
48 slides from Clicks's earnings presentation, April 2007
Slide 1: Interim group results for the six months ended 28 February 2007
interim group results for the six months ended 28 February 2007
Slide 2: Contents
contents 1 Financial summary 2 Commentary 4 Consolidated balance sheet 5 Consolidated income statement 6 Consolidated changes in equity statement 8 Consolidated cash flow statement 10 Operational segmental balance sheet 12 Operational segmental income statement 14 Trading segmental analysis 16 Defin
Slide 3: Financial summary
financial summary 01 Six months to Six months to Year to 28 February 28 February 31 August 2007 2006 2006 Income Statement Turnover R’000 5 601 363 4 997 631 10 000 621 Gross profit R’000 1 113 798 1 033 283 1 953 576 Headline earnings R’000 187 547 139 530 251 612 Balance Sheet Ordinary shareholder
Slide 4: Commentary
commentary 02 Introduction As a consequence of both the increased turnover and tight expense New Clicks has made marked control, operating profit increased progress over the past six months in by 23.7%. Group operating margin its turnaround strategy to achieve increased from 4.5% to 5.0%. sustainabl
Slide 5: Commentary: turnover, operating profit, EPS and return on equity
03 Turnover Operating profit Diluted headline Return up up EPS up on equity 12.1% 23.7% 34.1% 22.4% The Body Shop increased turnover by into an entertainment specialist. Shareholders are advised of the 27.0%, driven by the success of the following salient dates relating to the Financial management i
Slide 6: Consolidated balance sheet
consolidated balance sheet 04 As at As at As at 28 February 28 February 31 August R’000 2007 2006 2006 Assets Non-current assets 1 301 579 1 298 154 1 284 722 Property, plant and equipment 731 901 676 070 696 736 Investment property 6 900 6 900 6 900 Intangible assets 394 395 395 308 397 450 Goodwil
Slide 7: Consolidated income statement
consolidated income statement 05 Six months to Six months to Year to 28 February 28 February % 31 August R’000 2007 2006 change 2006 Revenue 5 844 773 5 213 964 10 461 712 Turnover 5 601 363 4 997 631 12.1% 10 000 621 Cost of merchandise sold 4 487 565 3 964 348 13.2% 8 047 045 Gross profit 1 113 79
Slide 8: Consolidated changes in equity statement
consolidated changes in equity statement 06 Number of Share Share Share option R’000 shares (’000) capital premium reserve Balance at 31 August 2005 340 519 3 703 964 077 14 414 Shares issued in respect of options 6 478 62 39 060 – Share issue expenses written off – – (125) – Total recognised income
Slide 9: Consolidated changes in equity statement (continued)
07 Non- Treasury distributable Distributable R’000 shares reserve reserve Total Balance at 31 August 2005 (249 678) 508 683 915 1 416 939 Shares issued in respect of options – – – 39 122 Share issue expenses written off – – – (125) Total recognised income and expenses for the period – (37) 138 709 1
Slide 10: Consolidated cash flow statement
consolidated cash flow statement 08 Six months to Six months to Year to 28 February 28 February 31 August R’000 2007 2006 2006 Cash effects of operating activities Cash generated by operations (refer note 1) 326 140 287 991 505 930 Working capital changes (refer note 2) 175 254 (594 839) (154 666) C
Slide 11: Notes to the cash flow statement
09 Six months to Six months to Year to 28 February 28 February 31 August R’000 2007 2006 2006 Notes to the cash flow statement 1. Operating profit before working capital changes Operating profit before financing costs 278 994 225 581 387 347 Adjusted for: Depreciation and amortisation 49 630 53 671
Slide 12: Operational segmental balance sheet
operational segmental balance sheet 10 Retail Distribution As at As at As at As at 28 February 28 February 28 February 28 February R’000 2007 2006 2007 2006 Assets Non-current assets 1 356 963 1 400 797 (55 384) (102 643) Property, plant and equipment 633 642 608 030 98 259 68 040 Investment propert
Slide 13: Operational segmental balance sheet (continued)
11 Intragroup elimination Total As at As at As at As at 28 February 28 February 28 February 28 February R’000 2007 2006 2007 2006 Assets Non-current assets – – 1 301 579 1 298 154 Property, plant and equipment – – 731 901 676 070 Investment property – – 6 900 6 900 Intangibles – – 394 395 395 308 Go
Slide 14: Operational segmental income statement
operational segmental income statement 12 Retail Distribution Six months to Six months to Six months to Six months to 28 February 28 February % 28 February 28 February % R’000 2007 2006 change 2007 2006 change Segmental revenue 4 070 031 3 575 126 2 165 428 1 935 761 Turnover 3 951 405 3 460 801 14.
Slide 15: Operational segmental income statement (continued)
13 Intragroup elimination Total Six months to Six months to Six months to Six months to 28 February 28 February 28 February 28 February % R’000 2007 2006 2007 2006 change Segmental revenue (395 772) (300 691) 5 844 773 5 213 964 Turnover (395 772) (300 691) 5 601 363 4 997 631 12.1% Cost of merchand
Slide 16: Trading segmental analysis
trading segmental analysis 14 For the six months to Total Clicks Discom Musica 28 February 2007 R’000 2007 2006 2007 2006 2007 2006 2007 2006 Balance sheet Property, plant and equipment* 738 801 682 970 182 671 180 299 53 740 58 142 46 641 35 482 Intangibles (capitalised software development) 20 089
Slide 17: Trading segmental analysis (continued)
15 The Body Shop Style Studio UPD Group Services Intragroup elimination 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 11 313 11 846 1 045 1 213 105 159 74 940 338 232 321 048 – – – – – – – – 20 089 20 353 – – 7 964 8 738 1 498 1 367 274 349 276 660 – – (4 595) (2 893) – – – – 546 661 349 920 1 1
Slide 18: Definitions and contact details
definitions 16 Comparable stores turnover growth – Sales growth expressed as a percentage of growth for stores that have been operating for the full period during the current and previous financial periods. Diluted headline earnings per share – Headline earnings divided by the weighted average dilut
Slide 19: Presentation
presentation 17 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 20: presentation
presentation 18 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 21: presentation
presentation 19 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 22: presentation
presentation 20 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 23: presentation
presentation 21 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 24: presentation
presentation 22 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 25: presentation
presentation 23 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 26: presentation
presentation 24 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 27: presentation
presentation 25 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 28: presentation
presentation 26 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 29: presentation
presentation 27 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 30: presentation
presentation 28 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 31: presentation
presentation 29 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 32: presentation
presentation 30 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 33: presentation
presentation 31 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 34: presentation
presentation 32 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 35: presentation
presentation 33 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 36: presentation
presentation 34 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 37: presentation
presentation 35 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 38: presentation
presentation 36 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 39: presentation
presentation 37 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 40: presentation
presentation 38 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 41: presentation
presentation 39 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 42: presentation
presentation 40 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 43: presentation
presentation 41 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 44: presentation
presentation 42 New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 45: Notes
43 notes New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 46: Notes
44 notes New Clicks Holdings interim group results for the six months ended 28 February 2007
Slide 47: Notes
45 notes New Clicks Holdings interim group results for the six months ended 28 February 2007
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