Nick Scali Limited · ASX:NCK
Nick Scali — H1 2009 Earnings Presentation
8 slides from Nick Scali's earnings presentation, Feb 13, 2009
Slide 1: ASX announcement cover letter, Half Year Ended 31 December 2008
Nick Scali Limited ABN 82 000 403 896 Head Office 3-29 Birnie Avenue Lidcombe NSW 2141 For personal use only Phone: (02) 9748 4000 Facsimile: (02) 9748 4022 13 February 2009 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 By electronic lodgement Nick S
Slide 2: Results Presentation, Six months ended 31 December 2008 (1H09)
For personal use only _______________________________________________________________________ Results Presentation Six months ended 31 December 2008 (1H09)
Slide 3: Key points
Ke y p o in ts For personal use only • Achieved market guidance in a difficult half • NPBT of $3.6m, down from $6.6m in FY08 P ro fit • EPS for Half Year of 3.1 cents, down from 5.7 cents in FY08 • A combination of reduced same store sales due to economic conditions and rapidly weakened Australian D
Slide 4: Earnings Summary
Ea rn in g s S u m m a ry For personal use only HY/End 31 Dec ($m) 1H08 1H09 Change Sales revenue 43.5 39.9 -8% • Sales were down 8% in difficult trading environment Cost of sales (17.6) (17.0) Gross profit 25.8 22.9 • Same store sales down 12% Other income 0.1 0.2 • Gross margins are lower due to t
Slide 5: Cash flow
Ca s h flo w For personal use only HY/End 31 Dec ($m) 1H08 1H09 Receipts from customers 46.7 42.0 • Strong operating cash flow Pmts to suppliers/employees (42.2) (38.3) • Non-operating cash out for new stores and dividends Other 0.2 0.2 Income tax paid (2.2) (1.1) Operating Cash Flow 2.5 2.8 Capital
Slide 6: Balance Sheet
Ba la n c e S h e e t For personal use only Period End ($m) Jun'08 Dec'08 Cash 7.5 7.1 • Strong Balance Sheet Receivables 0.6 0.7 • Debt reflects extension of trade payables to provide Inventories 12.7 13.0 additional flexibility for cash management Fixed assets 4.0 3.9 • Stable inventory levels and
Slide 7: Outlook
Ou tlo o k For personal use only • The deteriorating economy has made trading conditions challenging and the future results of the business difficult to predict. Management is confident that the company is well placed operationally and financially to work through this period of uncertainty and make
Slide 8: Store Numbers
S to re Nu m b e rs For personal use only June 06 June 07 June 08 Dec 08 June 09 (expected) NSW 10 11 11 11 11 Queensland 5 5 6 6 5 (note 1) South Australia 5 5 6 6 7 Victoria 1 3 3 5 5 (note 2) Total 21 24 26 28 28 Note 1 - Gold Coast Pacific Fair store relocation to Bundall completed January 2009