New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q3 2003 Earnings Presentation
31 slides from New Wave Group Ab Class B's earnings presentation, 2003
Slide 1: Presentation of New Wave Group
© 2003 New Wave Group AB ENG C-12 Presentation of
Slide 2: Q3 2003
Q3 2003 ✔ Turnover: +12 % to SEK 413.2 (370.0) m. (organic) Profiling: +/-0 % to SEK 217.8 (217.9) m. Retailing: +28 % to SEK 195.4 (152.2) m. ✔ Result: +SEK 6.8 m. to SEK 14.1 (7.3) m. Profiling: SEK 5.4 (-0.9) m. Detalj: SEK 8.7 (8.2) m. © 2003 New Wave Group AB C-37 ENG
Slide 3: Jan–Sep 2003 Result after net financial items
Jan–Sep 2003 Result after net financial items: ✔ Increased by SEK +24.2 m. to SEK 83.3 (59.1) m.: • Profiling SEK +19.3 m. to SEK 63.1 (43.8) m. • Retailing SEK +4.9 m to SEK 20.2 (15.3) m. ✔ 12-months moving total SEK 169.3 (104.7) m. © 2003 New Wave Group AB C-27 ENG
Slide 4: Jan–Sep 2003 Turnover
Jan–Sep 2003 Turnover: ✔ Increased by 17 % to SEK 1,297.2 (1,108.8) m.: • Profiling +15 % to SEK 791.4 (687.6) m. • Retailing +20 % to SEK 505.8 (421.2) m. ✔ 12-months moving total increased by 28 % to SEK 1,875.7 (1,467.0) m. © 2003 New Wave Group AB C-13 ENG
Slide 5: Sales
Sales Mkr 600 500 400 300 200 100 0 Q 1 Q 2 Q 3 Q 4 1997 1998 1999 2000 2001 2002 2003 © 2002 New Wave Group AB ENG 32
Slide 6: Profit/loss after net financial items
Profit/loss after net financial items Mkr 90 80 70 60 50 40 30 20 10 0 -10 Q1 Q2 Q3 Q4 © 2002 New Wave Group AB 1997 1998 1999 2000 2001 2002 2003 ENG 33
Slide 7: Important events during Q3
Important events during Q3 ✔ Letter of intent to Swedish Match. ✔ Acquisition of the remaining 49.9 % of Sagaform. ✔ The workwear launching gets postponed until August. ✔ Establishment in Switzerland begins. ✔ Establishment of buying office in Vietnam. © 2003 New Wave Group AB C-17 ENG
Slide 8: Income Statements
Income Statements 3 Months 3 Months 9 Months 9 Months 12 Months 12 Months JUL-SEP JUL-SEP JAN-SEP JAN-SEP OKT-SEP JAN-DEC SEK M. 2003 2002 2003 2002 ´02/03 2002 Net sales 413.2 370 1 297.2 1108.8 1 875.7 1 687.3 Other income -0.3 0.7 1.5 1.4 2.3 2.2 Goods for resale -236.6 -219.4 -736.5 -654.2 -1 06
Slide 9: Financial Highlights
Financial Highlights JAN - SEP JAN - SEP JAN - DEC JAN - DEC JAN - DEC SEK M. 2003 2002 2002 2001 2000 Sales growth % 17.1 21.6 32.0 20.2 33.1 Number of employees 779.0 721.0 729.0 422.0 338.0 Gross profit margin % 43.3 41.1 42.0 40.6 38.8 Operating margin % 7.6 7.6 10.6 10.0 10.6 Profit margin % 4.
Slide 10: Turnover per country (SEK m.)
Turnover per country (SEK m.) JAN–SEP JAN–SEP CHANGE COUNTRY 2003 2002 SEK M. % Denmark 29.7 22.8 6.9 30.3 England 33.6 36.0 -2.4 -6.7 Finland 96.8 88.5 8.3 9.4 France 20.2 12.6 7.6 60.3 Benelux 150.0 62.4 87.7 140.6 Italy 77.9 63.2 14.7 23.3 Norway 121.7 121.8 -0.1 -0.1 Spain 55.2 43.0 12.2 28.4 Sw
Slide 11: 2003 prognosis
2003 ✔ Prognosis turnover: app. SEK 2,000 million. ✔ Prognosis result: > 2002. ✔ Within Corporate Profiling we will continue gaining market shares. ✔ New trading company in China for sales to European customers. ✔ Establishment of Corporate Profiling company for sales in the Chinese market. © 2003 N
Slide 12: 2003 continuation
2003 continuation ✔ Investments in workwear. ✔ Implementation of warehouse and business system according to plan. ✔ Great improvement in England compared to the preceding year. ✔ Letter of intent to Swedish Match. ✔ Retailing, with Craft and Umbro among other trademarks, develops very well. ✔ Establ
Slide 13: SMAP – Harvest and Printer: Estimated turnover for 2003
SMAP – Harvest and Printer Estimated turnover for 2003 Spain € 1,500 Portugal € 500 France € 2,300 Great Britain € 1,100 Benelux € 6,400 Germany € 2,600 Switzerland € 1,200 Austria € 1,500 © 2003 New Wave Group AB TOTAL € 17,000 C-38 ENG
Slide 14: The property in Switzerland
The property in Switzerland ✔ 6,000 m2 totally (including warehouse) ✔ 5,000 pallet spaces ✔ 11 m high ✔ 80 work spaces © 2003 New Wave Group AB C-39 ENG
Slide 15: Business idea
Business idea New Wave Group is a growing company that designs, acquires and develops 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 busines
Slide 16: Strategic distribution – business areas
Strategic distribution – business areas ✔ The main part of the distribution (60–80%) within Corporate Profiling has a lower risk when it comes to degree of fashion etc. ✔ Risk spread between Retailing and Corporate Profiling, as they have different business cycles. © 2002 New Wave Group AB ENG 4
Slide 17: Did you know...
Did you know... ...that New Wave Group through its trademarks (2002) sold approximately… ✔ 4.1 million one-coloured T-shirts in Sweden and 4.4 million in the rest of Europe? ✔ 470 thousand piqué shirts in Sweden and 1.4 million in the rest of Europe? ✔ 265 thousand shirts in Sweden and 451 thousand
Slide 18: 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, including e- business and marketing solutions etc. The total market c
Slide 19: Range coverage
Range coverage 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 © 2003 New Wave Group AB • etc. FULL COVERAGE GOOD COVERAGE NO COVER
Slide 20: Owned trademarks in the Profiling business area
The following owned trademarks are distributed within the Profiling business area: © 2002 New Wave Group AB ENG 11
Slide 21: How to reach our goals for Corporate Profiling
How to reach our goals for Corporate Profiling ✔ More green field projects in more countries Switzerland, Poland, the Czech Republic, Hungary, Portugal, Greece etc. ✔ More concepts/trademarks on the Group’s existing markets Italy, Germany, Benelux, Spain, England ✔ The very first establishment of Co
Slide 22: How shall we succeed with working clothes?
How shall we succeed with working clothes? Our competitors have: ✔ Strong trademarks (Fristad, Snickers, Blåkläder, Jobman etc.) ✔ Good profitability ✔ High groos profit (some more than 50 percent) ✔ Good products ✔ Loyal customers ✔ Enough capital to be persistent © 2003 New Wave Group AB ENG C-2
Slide 23: How shall we succeed with working clothes?
How shall we succeed with working clothes? ✔ We have international distribution ✔ We will create many new retailers of working clothes, i.e. customers that do not sell working clothes today but want to. In Sweden, approximately 300 retailers are concerned. ✔ We will offer working clothes to our exis
Slide 24: Goal – working clothes
Goal – working clothes 2003 No turnover. Negative result. Only in Sweden. No stock. Large development costs (products, personnel etc.). 2004 Goal: Turnover of SEK 20 m in Sweden. Loss of up to SEK –5 m. 2005 Goal: Turnover of SEK 40 m in Sweden. Introduction in Norway and Denmark. Total turnover of
Slide 25: Vision – The Retailing business area
Vision – The Retailing business area ✔ To become the Nordic countries’ main supplier of sports- and leisurewear. ✔ To become one of the main suppliers of quality shoes and gifts. ✔ To develop the owned trademarks Craft and Seger into international trademarks on functional sportswear. © 2002 New Wave
Slide 26: 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. ✔ – basic ware, T-shirts etc, for the everyday commodities trade. ✔ – socks, caps etc. ✔ – children’s shoes ✔ – ladies’
Slide 27: The Retailing business area
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 © 2002 New Wave Group AB 2003–2008 ENG 9
Slide 28: New Wave's success factors
New Wave’s success factors ✔ Early integration ✔ Advantages of scale ✔ Synergies between the business areas ✔ Leads progress ✔ Good service/quality ✔ The customer is the most important ✔ The ”New Wave culture” © 2003 New Wave Group AB C-34 ENG
Slide 29: Three goals at the introduction in December 1997
Three goals at the introduction in December 1997 (Sales of that time was app. SEK 350 million, the stock value was app. SEK 300 millon and the profit/loss before taxes was SEK 21.6 million) ✔ Sales: SEK 1 b (met 2000) (2002 SEK 1,685 million) ✔ Stock value: SEK 1 b (met 2000) (2002 SEK 1,280 million
Slide 30: Three new goals
Three new 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 © 2003 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
Slide 31: We hope that everybody who buys our products is a content customer
We hope that everybody who buys our products 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! © 2002 New Wave Group A