Modivo Sa · GPW:MDV
Modivo Sa — CCC Group — Investor Presentation (2006)
22 slides from Modivo Sa's investor presentation, 2006
Slide 1: Presentation to investors
Presentation to investors CCC Group 2Q2006 1
Slide 2: Presentation plan
Presentation plan Introduction Finances Realization of goals & plans for future Forecast 2006 Plans General review of CCC Group CCC operating structure and strategy Sales structure – distribution chain Structure of shareholders 2
Slide 3: CCC Group
CCC Group Largest retail chain in Poland Leader in manufacturing Excellent profitability leather footwear CCC Unique business model Growing amount of proprietory stores in Poland and abroad Huge growth potential Strong brand 3
Slide 4: Finances – 2Q2006
Finances – 2Q2006 2Q2005 2Q2006 Change `000 PLN `000 PLN Revenues 94 821 119 025 25,5 % Profit (loss) on sales 40 253 57 624 43,2 % Gross margin on sales 42,5% 48,4% 13,9 % Selling costs 20 616 27 434 33,1 % General administrative costs 3 145 4 694 49,3 % EBIT 16 702 27 890 67,0 % Pre-tax profit (lo
Slide 5: Finances – 2Q2006 accrued
Finances – 2Q2006 accrued 2Q2005 2Q2006 Change `000 PLN `000 PLN Revenues 155 482 187 118 20,3 % Profit (loss) on sales 68 457 85 822 25,4 % Gross margin on sales 44,0% 45,9% 4,3 % Selling costs 35 979 46 991 30,6 % General administrative costs 7 984 8 444 5,8 % EBIT 24 113 32 857 36,3 % Pre-tax pro
Slide 6: We are effective – 1H2006
We are effective – 1H2006 Revenues increased by 20% EBIT grew by 36% Net profit 52% higher Sales growth on the same stores 8% up Increase of ROA by 27% 6
Slide 7: Consolidated net profit 2004-2006
Consolidated net profit 2004-2006 Consolidated net profit 2004 - 2006 ('000 PLN) 25 70 23,8 2004 2005 2006 61 60 20 50 16,6 43,8 15 40 13,2 10,1 30 10 8,6 28,0 45,9% 20,7 20 5,4 18,6 5,0 4,2 5 42,5% 3,1 10 2,5 7,5 36,2% 0 0 IQ II Q III Q IV Q 2004 2005 2006 7
Slide 8: Revenues in proprietory chain 2004-2006
Revenues in proprietory chain 2004-2006 Revenues in proprietory chain 2004-2006 - quarterly (mln) 140,0 Revenues (mln) Amount of stores 120,0 118 111 107 100,0 94 89 78,2 80,0 79 67,4 68 60,0 61 53,2 48 39,2 43 37,9 40,0 32,3 25,4 23,9 21,9 17,6 20,0 0,0 I Q 2004 II Q 2004 III Q 2004 IV Q 2004 I Q 2
Slide 9: Sales on the same stores – month-on-month comparison
Sales on the same stores – month-on-month comparison S ale s o n the s ame s to re s 2003 - 1H2006 35,0% 30,0% 8,0% 25,0% 20,0% 6,2% 15,0% 23,3% 12,0% 10,0% 17,1% 5,0% 5,1% 5,1% 0,0% 2003 2004 2005 1H2006 Representative base 6 stores 15 stores 36 stores 65 stores 9
Slide 10: Sales dynamics at the retail chain in comparable stores
Sales dynamics at the retail chain in comparable stores Months Accrued January 19,38% 19,38% February 6,34% 12,10% March -19,45% -4,91% April 14,93% 4,24% May 10,85% 6,31% June 15,51% 8,04% 10
Slide 11: CCC stores – openings 2Q2006
CCC stores – openings 2Q2006 Pro prie to ry s to re s Ostrołęka Gorbatowa 10 326 2006-04-09 Radoms ko Re ymonta 2 215 2006-04-28 S zczytno P ols ka 47 a 139 2006-05-04 Łódź Karskiego 5 Manufaktura 344 2006-05-17 Mikołów Pszczyńska 14 Galeria Handlowa Pik 187 2006-05-19 Wars zawa J ubile rs ka 1/3 CH
Slide 12: Model store
-50 000,00 0,00 50 000,00 100 000,00 150 000,00 200 000,00 250 000,00 300 000,00 J a nua ry -7 28 F e brua ry 2004 7 ,9 9 + 52000 -1 45 3 ,5 Ma rc h 4 61 01 April 0 ,4 1 Net res ult Revenues Total cos ts 60 96 Ma y 8 ,4 1 + 127000 36 30 J une Gros s res ult on s ales Net res ult 1Q2004 Net res ult 2
Slide 13: Fixed costs
Fixed costs Average area of stores opened before 1.01.2005 266,08 Average area of stores opened in 2005 312,22 Average area of stores opened in 2006 265,91 Average area of stores working in the 2Q2005 279,31 Average area of stores working in the 2Q2006 282,49 change % 2Q 2005/2006 1,14 Bre a k Eve n
Slide 14: Forecast 2006
Forecast 2006 Consolidated 2005 Forecast 2006 Change (PLN mln) Revenues 343,72 412,0 +20,0 % EBIT 54,78 75,0 +36,0 % Net profit 43,51 61,0 +40,2 % 14
Slide 15: Plans for 2006 - accomplishment
Plans for 2006 - accomplishment Opening further 40 proprietary stores in Poland by the end of 2006 / 13 opened Launching new distribution channel – 15 stores by the end of 2006 / none Opening 10 stores in the Czech Republic by the end of 2006 / 2 opened Introducing new motivative remunerating system
Slide 16: Retail network development
Retail network development Pro prie to ry sto re s QUAZI EoY2005 108 + 6D 2006 15 2006 +40 2007 +30 2007 +40 2008 +30 2008 +20 2009 +30 To ta l: app. 200 + 150F To ta l: 105 Russia 2007 3 (Mos cow) Cze ch Re public Ta rg e t: app. 50 EoY2005 7 2006 +10 Bo utique s 2007 +10 2007 +18 2008 +10 2008 +17
Slide 17: General review of CCC Group
General review of CCC Group 17
Slide 18: Operating structure of CCC Group
Operating structure of CCC Group 2 3 261 stores: Domestic Foreign suppliers suppliers Czech Rep. Discounts (9) (2) Proprietary stores (119) 1 In-house Efficient manufacturing logistics productio Flexibility of n only for Final supplying CCC need Ordering client based on Tax CCC S.A. www advantages F
Slide 19: Distribution chain – franchise & partner stores
Distribution chain – franchise & partner stores Number of franchised & partner locations 2001- 2005 300 131 shops: 116 franchised shops, 15 250 partner shops, slightly smaller average Numbe r of s tore s 200 shop area (appr.190 m2) 150 45 260 278 15 Retail margin covers franchiser’s all 100 213 189
Slide 20: Distribution chain – proprietory stores
Distribution chain – proprietory stores Proprietory stores in Poland 119 proprietary stores of average area 150 119 50 about 350 m2 107 40,9 40 Amount of stores 3 Are in '000 m2 100 78 37, Additionally 2 discounts (without CCC 30 50 8 brand) to sell end of stock supplies 50 22, 20 18 13, 3 6 10 Esta
Slide 21: Structure of Shareholders
Structure of Shareholders In November 2004, CCC joined the stock market and with the day of 2nd December 2004 is quoted at the Warsaw Stock Market The principal shareholder and the founder of CCC Group is Mr Dariusz Miłek, the President of the Board of Directors Other members of the Management are s
Slide 22: Thank you for your attention
Thank you for your attention CCC S.A. Polkowice, ul. Strefowa 6 59-101 Polkowice tel.: (076) 845 84 00 Fax: (076) 845 84 00 e-mail: ccc@ccc.com.pl Adres www: www.ccc.com.pl 22