Slide 1: Year-end report January-December 2012
Year-end report January-December 2012 January 23, 2013 Magnus Agervald and Pernilla Walfridsson
Slide 2: Summary January – December 2012
Byggmax Summary January – December 2012 In the fourth quarter, Byggmax generated sales of SEK 588 M and an EBIT of SEK 36 M. • Net sales amounted to SEK 587.9 M (618.3) in Q4 and SEK 3,090.4 M (2,987.1) for the full year. • Net sales for comparable stores declined 9.4 percent (2.3) in Q4 and decline
Slide 3: Summary January – December 2012
Byggmax Summary January – December 2012 • Eight (thirteen) new stores were opened – Two (three) stores were opened in the first quarter: Two in Norway – Four (five) stores were opened in the second quarter: Three in Sweden and one in Norway – Two (five) stores were opened in the third quarter: One i
Slide 4: Stores – 8 stores were opened in 2012, 10-15 openings are planned for 2013
Byggmax Stores – 8 stores were opened in 2012, 10-15 openings are planned for 2013 Store network at December 31, 2012 The following establishments have been announced: - Sweden: Sisjön, Smedjebacken, Eslöv and Malmö. Byggmax has announced that it will establish one store in Karlskoga and one in Tors
Slide 5: Byggmax’s website is the winner of the e-commerce category in Internetworld’s top 100 comparison
Byggmax Byggmax’s website is the winner of the e-commerce category in Internetworld’s top 100 comparison • Byggmax wins the e-commerce category in Internetworld’s Top100 comparison • A major portion of Sweden’s e- commerce sites were included in the comparison • The motivation was as follows: “Byggm
Slide 6: The Board of Directors proposes a dividend of SEK 2.0 per share
Byggmax The Board of Directors proposes a dividend of SEK 2.0 per share • The Board of Directors proposes a dividend of SEK 2.0 per share • Byggmax dividend policy is to distribute at least 50 percent of net profits for the year
Slide 7: Financial information
Financial information January 23, 2013
Slide 8: Results trend
Byggmax Results trend • Net sales declined by 4.9 percent in Q4 • The gross margin was 0.8% higher than in Q4 the preceding year. • Overheads increased in Q4. This was primarily attributable to costs for stores opened after Q4 2011, increased costs for snow clearance and increased staffing at head o
Slide 9: Sales trend
Byggmax Sales trend • The operation’s net sales were SEK 587.9 M (618.3) in Q4, down 4.9 percent and for the full year totaled SEK 3,090.4 M (2,987.1), up 3.5 percent. • Net sales for comparable stores declined by 9.4 percent in local currency in Q4 and for the full year were down 2.7 percent. • In
Slide 10: Gross margin
Byggmax Gross margin Q4 • Gross margin 32.4 percent (31.6) 31,6 32,4 • This was primarily attributable to lowered cost 30,1 30,2 prices, partly due to a change in procurement practices through the procurement of larger volumes through our distribution hub. Full year • Gross margin 30.2 percent (30.1
Slide 11: Operating expenses
Byggmax Operating expenses Personnel expenses Q4 272,6 247,1 • Personnel and other operating expenses rose by SEK 9.0 M. • This was primarily attributable to expenses of SEK 9.5 M for stores opened in 2012. 61,9 68,4 2011 • Costs were cut since the preceding year, while costs for 2012 electricity an
Slide 12: Net financial items
Byggmax Net financial items • Net financial items improved by SEK 1.0 M in Q4 year on year, which was primarily attributable to fair-value measurements of currency-hedging instruments. December 2012 12
Slide 13: Financial position and cash flow
Byggmax Financial position and cash flow • Cash flow from operating activities for Q4 increased by SEK 88.8 M year-on-year. This was principally attributable to the extraordinary amount of tied-up capital in Q3 now having normalized. • Cash flow from investment activities was impacted by Byggmax’s d
Slide 14: Condensed financial statements January – December 2012
Condensed financial statements January – December 2012 January 23, 2013
Slide 15: Income statement
Byggmax Income statement December 2012 15
Slide 16: Balance sheet
Byggmax Balance sheet December 2012 16
Slide 17: Cash-flow statement
Byggmax Cash-flow statement December 2012 17
Slide 18: Cash-flow statement continued
Byggmax Cash-flow statement continued December 2012 Note that cash and cash equivalents in the cash flow are adjusted for blocked funds 18
Slide 19: Largest shareholders at December 31, 2012
Byggmax Largest shareholders at December 31, 2012 The ten largest shareholders Number of Name/Address shares Holding (%) ALTOR 2003 Sarl 21,720,908 35.76 Lannebo fonder 6,035,227 9.94 Zamgate Investments (Stig Notlöv) 3,078,042 5.07 Schroder Investment Management North America, Inc. 2,497,084 4.11 J