Nick Scali Limited · ASX:NCK
Nick Scali — H1 FY2010 Earnings Presentation
7 slides from Nick Scali's earnings presentation, Feb 18, 2010
Slide 1: Nick Scali Limited ASX announcement cover letter
Nick Scali Limited ABN 82 000 403 896 Head Office 3-29 Birnie Avenue Lidcombe NSW 2141 Phone: (02) 9748 4000 Facsimile: (02) 9748 4022 18 February 2010 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 By electronic lodgement Nick Scali Limited ACN 000 4
Slide 2: Results Presentation
Results Presentation Six Months Ended 31 December 2009 (1H10)
Slide 3: Key points
K ey points • NPBT up 146% on same period last year ($8.9m vs $3.6m 1H09) • EPS 7.7cent, up from 3.1cents - no share-issue dilution P rofit • Driven by higher sales volumes through existing distribution infrastructure • Gross margin increased to 62% from 57% in 1H09 • Sales increased 22% to $48.7m.
Slide 4: Earnings Summary
E arnings S ummary Half Year End 31 Dec ($m) 1H09 1H10 • Sales revenue driven by increased consumer confidence and a more buoyant housing market. • Comparable store growth 14.4%. Sales revenue 39.9 48.7 Cost of sales (17.0) (18.3) • Order levels remained higher throughout the period compared to corr
Slide 5: Cashflow
C as hflow • Strong operating cash flow of $10.5m. Half Year End 31 Dec ($m) 1H09 1H10 Receipts from customers 42.0 54.3 • Capex investment maintained at 1H09 levels and Pmts to suppliers/employees (38.2) (42.1) below depreciation. Other 0.2 0.3 Income tax paid (1.1) (2.0) Operating Cash Flow 2.9 10
Slide 6: Balance Sheet
B alanc e S heet Period End ($m) Jun'09 Dec'09 • Strong Balance Sheet and cash position • No debt Cash 11.5 16.6 • Inventory increases reflect higher sales levels Receivables 0.6 0.5 Inventories 11.6 13.0 • No impairment of goodwill or other assets Fixed assets 4.4 4.5 • Payables increases are a res
Slide 7: Outlook
Outlook Sales and Profit • Orders taken in January have seen a continuation of the positive momentum of the first half • The customer forward order book remains at historic highs • The continued strength of the recovery remains uncertain • Full year after tax profit should be around $10 million Stor