Nick Scali Limited · ASX:NCK

Nick Scali — FY2013 Earnings Presentation

7 slides from Nick Scali's earnings presentation, Aug 14, 2013

  1. Slide 1: Nick Scali Limited (NCK) - Results Presentation, Year Ended 30 June 2013

    Nick Scali Limited (NCK) -­‐ Results Presenta9on Year Ended 30 June 2013 (FY13) For personal use only

  2. Slide 2: Key Points – FY13

    Key Points – FY13 Ø Nick Scali Limited continues to outperform the market For personal use only Ø Sales increased 16.5% to $127.4m (FY12 $109.6m) Sales Ø The ABS furniture market was down 4.4% for the same period (ABS Series ID A3349863W) Ø Underlying NPAT of $12.2m up 35.6%(FY12 $9.0m) Profit Ø

  3. Slide 3: Earnings Summary – FY13

    Earnings Summary – FY13 For personal use only Year End 30 June ($m) FY12 FY13 - Change FY13 - • Sales increase of 16.5% due to new stores Underlying Statutory opened in last 18 months and strong comp Sales revenue 109.4 127.4 16.5% 127.4 store growth of 5.9% Cost of sales (42.9) (49.9) (49.9) Gross

  4. Slide 4: Cash Flow

    Cash Flow – FY13 For personal use only Year End 30 June ($m) FY12 FY13 • OperaHng Cash Flow up $6.8m on last year due to improved EBITDA. Receipts from customers 123.7 135.8 • Capital expenditure increased by $7.1m due to Pmts to suppliers/employees (108.4) (112.3) the purchase of the property in Fy

  5. Slide 5: Balance Sheet

    Balance Sheet – FY13 For personal use only Period End ($m) Jun'12 Jun'13 • Closing cash up $5.8m on prior year Cash 20.7 26.4 •Receivables up $6.4m due to compensaHon payment Receivables 0.8 6.4 not received unHl July Inventories 13.6 14.6 Fixed assets 14.6 22.0 Intangibles 2.4 2.4 • Inventory up ma

  6. Slide 6: Store Network

    Store Network Nick Scali Furniture For personal use only • Three new stores opened during the year are all performing to expectaHon: o Bankstown (NSW) opened on 29 September 2012 o Maroochydore (QLD) opened on 12 November 2012 o Moorabbin (VIC) opened on 15 March 2013 • One store closed during the y

  7. Slide 7: Outlook – FY14

    Outlook – FY14 •The Company experienced good trading condiHons in June and July, which For personal use only will assist first quarter revenues. •The rapid fall in currency may challenge margins, whilst historically low interest rates may be a catalyst for housing sales and furniture retail growth. •

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