Slide 1: Kid ASA – Q3 presentation
Kid ASA – Q3 presentation 1
Slide 2: Third quarter in brief
Third quarter in brief • Group revenues increased by 6.7% (+13.1%) to MNOK 886.9. In constant currency: • Group revenues increased by 4.4% (+12.1%) • LFL revenues increased by 3.0% (+12.9%) • Online revenues increased by 1.4% (+26.8%) • Gross margin of 62.1%, unchanged from last year • EBITDA decrea
Slide 3: Third quarter in brief
Third quarter in brief • Categories launched since 2022 accounted for MNOK 29.3 (MNOK 19.7) in revenues • The Extended concept and made-to-measure technical sun screening progresses satisfactorily in Hemtex after launch in first half 2024 • Earlier shipments are arranged to ensure optimal execution
Slide 4: Group revenues Q3 increased by 6.7% to MNOK 886.9
1,253 887 485 798 831 Group revenues Q3 increased by 6.7% to MNOK 886.9 696 724 324 605 313 297 259 273 220 • In constant currency: 769 500 518 563 386 438 451 • Group revenues increase of 4.4% (+12.1%) 2023 2024 2023 2024 2023 2024 2023 2024 • Group like-for-like revenues increase of 3.0% (+12.9%)
Slide 5: Strong gross margin
Strong gross margin • Group gross margin was unchanged at 62.1% for the quarter • 63.4 % Kid Interior gross margin decreased by -1.2pp to 61.6% (62.8%) 63.2 % 62.3 % 62.2 % 62.1 % 62.1 % 61.5 % 60.4 % • Hemtex gross margin increased by 2.2pp to 63.0% (60.8%) 56.0 % • Gross margin development is a re
Slide 6: OPEX-to-sales (excl. IFRS 16) of 46.7% (43.6%)
376 304 316 305 283 285 275 156 127 OPEX-TO-SALES (excl. IFRS 16) of 46.7% (43.6%) 122 126 122 125 114 • Employee benefit expenses increased by MNOK 26.8 188 220 161 179 162 180 161 • General salary increase and increased number of working hours in stores, in addition to store project activity and n
Slide 7: EBITDA by segment: Kid Interior and Hemtex
420 144 241 236 202 74 76 125 167 55 45 275 33 57 146 167 160 5 121 92 52 2023 2024 2023 2024 2023 2024 2023 2024 Q1 Q2 Q3 Q4 Kid Interior Hemtex 7 Kid ASA – Q3 presentation
Slide 8: Cash flow development in Q3
Cash flow development in Q3 • Cash flow from operations affected by planned - 29 inventory build-up of MNOK 160.0 110 • Cash flow from investments reflects mainly CAPEX - 84 relating to store openings, store projects and the 0 0 warehouse project in Sweden - 25 28 • Cash flow from financing represen
Slide 9: Satisfactory financial position
Satisfactory financial position • Cash and available credit facilities of MNOK 329.4 (MNOK 271.1), including an unused term- 1,113.7 329.4 247.0 174.4 loan facility of MNOK 125 related to investments in 30.0 784.3 125.0 the Swedish warehouse 230.0 72.6 125.0 200.0 • Net interest-bearing debt excl. I
Slide 10: Store projects completed 2024 per quarter-end
275* Completed 2024 per quarter-end Signed, but not yet completed NO: Værste, Fredrikstad (Q4-24) NO: Oslo City NO: Grünerløkka (Q2-25) New stores NO: Egersund NO: Bryn (Q2-25) SE: Vetlanda SE: Nordstan, Göteborg (Q4-24) 103* SE: Ringen, Stockholm FI: Åbo Hansa (Q4-24) NO: 2 stores Closures NO: 1 st
Slide 11: Store projects in Q4-24 and H1-25
• In Q4-24, we have five store projects in Kid Interior and three in Hemtex. These projects include a combination of refurbishment, enlargement and relocations • In H1-25, we have three store projects in Kid Interior and three in Hemtex. These projects include a combination of refurbishment, enlarge
Slide 12: Dividend of NOK 3.00 per share
Dividend of NOK 3.00 per share • The Board of Directors has decided to pay a half-year dividend of NOK 3.00 per share as a prepayment on the fiscal year 2024 • Following the Q4 2024 results, the Board of Directors will propose the next half-year dividend to the annual general meeting in May 2025 • T
Slide 13: Kid ASA – Q3 presentation
Kid ASA – Q3 presentation 13
Slide 14: Kid Interior
KID Interior (Amounts in NOK millions) Q3 2024 Q3 2023 Q1-Q3 2024 Q1-Q3 2023 FY 2023 Revenue 562.9 517.8 1,501.0 1,354.4 2,122.9 Revenue growth 8.7 % 13.1 % 10.8 % 5.8 % 7.0 % LFL growth including online sales 7.0 % 12.7 % 9.5 % 4.8 % 6.1 % COGS -216.4 -192.5 -568.5 -531.0 -796.2 Gross profit 346.5
Slide 15: Hemtex
Hemtex (Amounts in NOK millions) Q3 2024 Q3 2023 Q1-Q3 2024 Q1-Q3 2023 FY 2023 Revenue 324.0 313.1 880.2 806.0 1,290.7 Revenue growth ¹ -2.3% 10.5 % 6.3 % -1.3% 3.2 % LFL growth including online sales ¹ -3.5% 13.3 % 5.5 % 1.0 % 4.4 % COGS -119.9 -122.7 -329.4 -324.1 -518.0 Gross profit 204.1 190.4 5
Slide 16: Group income statement
(Amounts in NOK thousand) Q3 2024 Q3 2023 Q1-Q3 2024 Q1-Q3 2023 Revenue 886.9 830.9 2,381.3 2,160.4 COGS -336.3 -315.1 -897.9 -855.2 Gross profit 550.6 515.8 1,483.3 1,305.3 Gross margin (%) 62.1 % 62.1 % 62.3 % 60.4 % Other operating revenue 1.3 1.0 3.5 2.6 OPEX -315.5 -275.4 -924.4 -843.2 EBITDA 2
Slide 17: Group balance sheet
(Amounts in NOK thousand) Note 30.09.2024 30.09.2023 31.12.2023 Assets Unaudited Unaudited Audited (Amounts in NOK thousand) Note 30.09.2024 30.09.2023 31.12.2023 Goodwill 9 72,115 67,581 70,169 Equity and liabilities Unaudited Unaudited Audited Trademark 9 1,515,356 1,511,858 1,513,851 Share capita
Slide 18: Segment allocated expenses
Total year Total year (MNOK) Q1 2024 Q1 2023 Q2 2024 Q2 2023 Q3 2024 Q3 2023 Q4 2024 Q4 2023 2024 2023 Kid ASA and Kid Interior Segment allocated employee benefits 4.0 4.2 4.3 4.0 4.3 4.0 6.6 12.6 18.9 expense Segment allocated other operating 1.2 0.5 1.3 0.5 1.3 0.5 1.3 3.8 2.6 expense Hemtex Segme
Slide 19: Group, Kid Interior and Hemtex growth history
Group Total growth Year Q1 Q2 Q3 Q4 2021 10.4 % 3.9 % 3.6 % 2.5 % 2022 9.3 % 8.8 % 0.5 % 2.1 % 2023 -1.3 % -2.5 % 12.1 % 10.2 % 2024 13.7 % 10.6 % 4.4 % Like-for-like growth Year Q1 Q2 Q3 Q4 2021 9.3 % 2.9 % 0.1 % 0.2 % 2022 7.3 % 5.6 % -0.4 % 1.8 % 2023 -0.3 % -3.3 % 12.9 % 9.3 % 2024 13.5 % 9.2 %
Slide 20: Sales days and store projects
Kid Interior Hemtex Number of sales days Number of sales days Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 Q4 Total 2023 77 71 79 79 306 2023 89 90 92 91 362 2024 75 73 79 227 2024 90 90 92 272 Number of store projects Number of store projects 2023 Q1 Q2 Q3 Q4 Total 2023 Q1 Q2 Q3 Q4 Total New stores 0 1 0 1
Slide 21: Logistic costs - Sweden
Logistic costs - Sweden Total year Total year (MSEK) Q1 2024 Q1 2023 Q2 2024 Q2 2023 Q3 2024 Q3 2023 Q4 2024 Q4 2023 2024 2023 Employee benefits expense 5.4 5.3 2.2 5.0 4.4 5.2 15.6 11.7 Third-party logistics expense 12.1 1.7 13.9 Central warehouse expenses* 7.7 2.0 10.1 9.9 8.7 8.3 7.6 26.6 27.8 To