Slide 1: Second Quarter 2016
Second Quarter 2016 qlirogroup.com
Slide 2: Highlights
Highlights • 5 % sales growth in Q2 (excl FX-effects) • Positive EBITDA and improved cash flow from operations • Sale of Tretti AB to WhiteAway for SEK 250 million to be completed in Q3 • Significant earnings improvement at Nelly and Gymgrossisten • New warehouse agreement signed for Lekmer. Sales g
Slide 3: Business Segments
BUSINESS SEGMENTS qlirogroup.com 3
Slide 4: CDON Marketplace
CDON Marketplace Q2 16 Q2 15 Growth YTD 16 YTD 15 Growth Gross Merchandise Value, 59.2 43.9 35% 110.2 86.9 27% external merchants • Sales generated to merchants up 35% Total Gross Merchandise 410.5 378.2 9% 859.4 840.8 2% Value • Several new external merchants, including Net sales (SEK million) 356.
Slide 5: Nelly
Nelly Q2 16 Q2 15 Growth YTD 16 YTD 15 Growth • Sales in line with last year (excluding FX 331.0 337.7 -2% 599.0 592.1 1% Net sales (SEK million) effects) 15.9 5.0 13.6 -2.5 EBITDA (SEK million) • Sweden continues to grow EBITDA margin (%) 4.8% 1.5% 2.3% -0.4% 10.6 3.2 2.9 -6.0 EBIT (SEK million) •
Slide 6: Gymgrossisten
Gymgrossisten Q2 16 Q2 15 Growth YTD 16 YTD 15 Growth 198.1 205.5 -4% 416.9 451.4 -8% Net sales (SEK million) • Higher product margin compensated for lower sales 13.7 11.3 30.8 31.1 EBITDA (SEK million) 6.9% 5.5% 7.4% 6.9% EBITDA margin (%) • Increased EBITDA-margin compared to 12.9 10.6 29.2 29.6 l
Slide 7: Lekmer
Lekmer Q2 16 Q2 15 Growth YTD 16 YTD 15 Growth • Q2 sales slightly higher (excluding FX effects) 96.8 97.2 0% 187.3 192.1 -3% Net sales (SEK million) -12.7 -2.5 -31.6 -5.9 • Average shopping basket grew by 8% EBITDA (SEK million) -13.1% -2.5% -16.9% -3.1% EBITDA margin (%) • Campaign-driven sales af
Slide 8: Qliro Financial Services
Qliro Financial Services • Development according to plan • Operating income up by 111% in Q2 Q2 16 Q2 15 Growth YTD 16 YTD 15 Growth -1,1 -8.6 -3.2 -20.4 EBTDA (SEK million) • Qliro launched on Lyko. New agreement with WhiteAway -4,1 -10.4 -8.9 -23.7 EBT (SEK million) 568.5 276.5 568.5 276.5 Loans t
Slide 9: Financials
FINANCIALS qlirogroup.com 9
Slide 10: Income Statement
Income Statement 2016 2015 2016 2015 (SEK million) Q2 Q2 Jan-Jun Jan-Jun • Net sales slightly higher than the Excluding discontinued operations and non-recurring items same quarter last year Net sales 1018.5 988.3 2028.0 2012.7 Gross profit 182.9 164.7 338.3 324.9 • Gross margin improved to 18% Gros
Slide 11: Cash Flow
Cash Flow 2016 2015 2016 2015 (SEK million) Q2 Q2 Jan-Jun Jan-Jun Cash flow from operating activities -4.3 -11.1 -42.1 -38.1 • Changes in working capital mainly related to Changes in working capital 71.5 66.6 -146.5 -131.4 reduced inventory levels during the quarter Cash flow from operations 67.2 55
Slide 12: Financial Position
Financial Position 2016 2015 (SEK million) 30-Jun 30-Jun Total non-current assets 611.3 834.8 Inventories 500.6 585.6 • Healthy inventory levels by the end of Q2, Loans to the public 568.5 276.5 and lower than last year Current non-interest bearing receivables 75.4 119.0 • Qliro Financial Services’
Slide 13: Forward Looking Statement
Forward Looking Statement • Growth that is consistent with or above that of the market for each segment. • Qliro Group’s long-term profitability targets: Segment EBITDA-ma rgi n CDON Ma rketpl a ce 2-3% Nel l y 5-7% Gymgros s i s ten 7-9% Lekmer 3-5% • Qliro Financial Services earnings expectations
Slide 14: Thank you!
Thank you! Next report: 20th October 2016 nasdaq symbol QLRO follow us on twitter @qlirogroup Qliro Group AB (publ.) Box 195 25 SE-104 32 Stockholm +46 (0)10 703 20 00 office@qlirogroup.com qlirogroup.com