New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q2 2024 Earnings Presentation
29 slides from New Wave Group Ab Class B's earnings presentation, Aug 15, 2024
Slide 1: 2024 Interim Report January – June
2024 Interim Report January — June
Slide 2: NWG // The World
NWG / / THE WORLD Sales acitivity in own subsidiary New Wave Group is a growth group that designs, acquires and develops brands. To ensure good risk diversification, the Group will market its products in Own purchasing offices the promo market and the retail market. 2
Slide 3: Segments and Sales Channels
NWG // S E G M E N T S A N D S A L E S C H A N N E L S Our brands are categorized according to which of our three operating segments it belongs to: Corporate, Sports & Leisure or Gifts & Home Furnishings. The brands are distributed in both the promo market and the retail market to achieve good risk
Slide 4: The Segments
NWG // T H E S E G M E N T S 4
Slide 5: The Segments: Sports & Leisure
NWG // THE SEGMENTS ~ world-leaa ing sp ma 7a J * § Zis Giger olf apparel bran al Buck a world- 7 P lenin ition on gloves in Europe love's strong distribution platform to other brands in Ce 5 i Overall, ‘0 be one of the leading , both in ther European countries and in the United States. All oe brand
Slide 6: Craft
NWG // T H E S E G M E N T S Craft The launch of Craft teamwear in the USA and Canada has begun during the quarter and a new stock is built up during the second half of the year.
Slide 7: Gifts & Home Furnishings
NWG // THE SEGMENTS rifts &S Home Furnishings The vision for the Gifts & Home Furnishings operating segment is to make Orrefors and Kosta Boda world-leading glass and crystal suppliers. Part of the vision also incolves utilising innovative and playful design to make Sagaform a prominent player in No
Slide 8: The Quarter at a Glance
NWG // THE QUARTER The quarter at a glance St
Slide 9: The Quarter
NWG // THE QUARTER The quarter * — Strong cash flow, continued market investments lead to increased market shares and growth again! * Operating result decresed by SEK 62.6 million compared to the precious year and amounted to SEK 301.2 (363.9) million * Operating margin amounted to 12.6 (15.8)% * Ca
Slide 10: April - June
NWG // F I N A N C I A L I N F O R M A T I O N April - June 10
Slide 11: Sales amounted to SEK 2,397.9 million
NWG // F I N A N C I A L I N F O R M A T I O N 2024 3 000 • Sales amounted to SEK 2,397.9 (2,304.5) million 2 500 • Sales increased by 4% (of which 2 000 798.8 733.0 currency 1% and acquisition 0%) 1 500 • Promo sales channel increased by 2%, retail increased by 9% 1 000 1,599.9 1,571.6 500 0 Q2 -20
Slide 12: Q2 sales by segment and channel
NWG // F I N A N C I A L I N F O R M A T I O N 1 400 5.7 5.0 1 200 1 000 800 1,226.9 1,226.6 626.2 600 566.9 400 42.7 200 332.4 302.2 166.0 161.0 0 40.6 Q2 -2024 Q2 -2023 Q2 -2024 Q2 -2023 Q2 -2024 Q2 -2023 12
Slide 13: Q2 sales by region and segment
NWG // F I N A N C I A L I N F O R M A T I O N Corporate Sports & Leisure Gifts & Home Furnishings Total SEK million Apr- Jun Apr - Jun Apr- jun Apr - Jun Apr- Jun Apr - Jun Apr- jun Apr - Jun Change 2024 2023 2024 2023 2024 2023 2024 2023 % USA 54.8 55.6 475.7 448.3 13.2 12.6 543.7 516.5 5% Sweden
Slide 14: Q2 income statement
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Apr – jun Apr - Jun 2024 2023 2024 Net sales 2,397.9 2,304.5 • Gross profit margin amounted to 49.0 (49.5)% Goods for resale -1,223.6 -1,164.8 ― The decrease was related to the segments Gross profit 1,174.3 49.0% 1,139.7 49.5% Gifts & Home F
Slide 15: Q2 segment operating results
NWG // F I N A N C I A L I N F O R M A T I O N Corporate ― Higher sales in Central Europe and Sweden but 250 225.2 decreased in other regions ― Both sales channels were at the same level as the 187.0 previous year 200 Q2 – 2023 ― Lower operating result is attributable to higher costs 140.2 2024 Q2 –
Slide 16: Q2 cash flow
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Apr - Jun Apr - Jun 2024 2023 Cash flow from operating activities before changes in working capital 219.5 259.7 Change in working capital 118.0 -29.6 Cash flow from operating activities 337.5 230.1 Investing activities -61.3 -82.8 Cash flow
Slide 17: Equity, net debt and equity ratio
NWG // F I N A N C I A L I N F O R M A T I O N 30 jun 30 Jun 2024 2023 SEK million Equity 6 528.1 6,186.3 Equity ratio, % 60.2 54.9 Net debt, SEK million 1 977.0 2,649.9 Net debt to credit institutes, SEK million 1 352.7 2,000.9 Equity per share, SEK 49.19 46.62 17
Slide 18: Rolling 12-month income statement
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Rolling 12 months 2024 Net sales 9 466.0 Goods for resale -4 739.7 • Continued good turnover, strong cash flow and Gross profit 4 726.3 49.9% gross profit Other operating income 119.1 External costs -1 742.3 Personnel costs -1 388.6 Deprecia
Slide 19: January - June
NWG // F I N A N C I A L I N F O R M A T I O N January - June 19
Slide 20: Sales amounted to SEK 4,393.1 million
NWG // F I N A N C I A L I N F O R M A T I O N 2024 5 000 • Sales amounted to SEK 4,393.1 4 500 (4,440.0) million 4 000 1,539.9 1,541.9 3 500 • Sales decreased by 1% (of which currency 0% and acquisition 1%) 3 000 2 500 • Promo sales channel decreased by 2 000 2%, retail in par with previous year 1
Slide 21: Half-year sales by segment and channel
NWG // F I N A N C I A L I N F O R M A T I O N 2 500 9.3 13.7 2 000 1 500 1,228.5 1,236.3 2,194.7 2,274.3 1 000 73.5 500 590.1 550.3 297.7 296.3 0 68.3 Jan - jun 2024 Jan - jun 2023 Jan - jun 2024 Jan - jun 2023 Jan - jun 2024 Jan - jun 2023 21
Slide 22: Half-year sales by region and segment
NWG // F I N A N C I A L I N F O R M A T I O N Corporate Sports & Leisure Gifts & Home Furnishings Total SEK million Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Jan - Jun Change 2024 2023 2024 2023 2024 2023 2024 2023 % USA 119.9 125.5 896.7 884.4 26.1 26.3 1,042.7 1,036.1
Slide 23: Half-year income statement
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jan – Jun Jan – Jun 2024 2023 2024 Net sales 4,393.1 4,440.0 • Gross profit margin amounted to 49.3 (50.1)% Goods for resale -2,226.9 -2,217.4 ― Decrease in all segments Gross profit 2,166.2 49.3% 2,222.6 50.1% • External costs and personnel
Slide 24: Half-year segment operating results
NWG // F I N A N C I A L I N F O R M A T I O N 2024 Corporate ― Higher sales in Central Europe, while other regions 500 declined 428.6 ― The promo sales channel decreased, and the retail 322.0 increased slightly 400 Q2 – 2023 ― Lower operating result mainly related to the lower 268.2 net sales 300 Q
Slide 25: Half-year cash flow
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jan - Jun Jan - Jun 2024 2023 Cash flow from operating activities before changes in working capital 381.4 557.5 Change in working capital 159.8 -520.5 Cash flow from operating activities 541.1 37.0 Investing activities -125.1 -123.5 Cash flo
Slide 26: CEO Comments: April - June, January - June
NWG // C E O C O M M E N T S April - June • The growth in the quarter was 4% (of which currency 1%) • We continue to gain market share • All time high for net sales – again! • Strong gross profit margin and cash flow January - June Torsten Jansson • Net sales decrease by 1% (of which currency 0% and
Slide 27: The Future
NWG // C E O C O M M E N T S The future • Strong balance sheet • Continue to gain market share • Continue looking at acquisitions Torsten Jansson CEO 27
Slide 28: Closing message to investors
NWG // We strive to make everyone who buys our products a happy customer. [f you choose to incest in New Wave Group we wamt you to know that we pronase to take care of your investment in the best possible way we can through long term thinking, growth, stability and hard work!
Slide 29: NWG //
NWG // 29