Slide 1: New Wave Group
Slide 2: This is New Wave Group
This is New Wave Group • New Wave Group is a growth company. We create, acquire and develop brands and articles for the Corporate Promo and Retail sales channels. • We have three business areas: Promo; workwear, promo wear, and gifts & giveaways to independent promo companies, Sports & Leisure and G
Slide 3: New Wave Group…
New Wave Group… … has more than 40 brands in its brand portfolio. … has subsidiaries in 20 countries. … is Sweden’s largest supplier of sports articles, brands include Craft, Seger, Umbro, Speedo and Clique. … is Europe’s second largest supplier of promo articles with more than 18 fully owned brands
Slide 4: Historical development
Historical development 4800 + + 340 4600 + — | 4400 + 320 4200 + __ 7 300 4000 + + 280 3800 + 3600 + _ 7 260 3.400 + + 240 3200 + 3000 + J y 220 2800 + + 200 2600 + | 480 2400 + _ 2200 + 7 160 2000 + + 440 1800 + 1600 + 7 120 1400 + + 100 4200 + a 1000 + 80 800 + 7 60 600 -- + 40 400 + = | 50 200 o}
Slide 5: Promo – promo wear
Promo – promo wear Classic Sports Volume
Slide 6: Promo – gifts
Promo – gifts
Slide 7: Promo - workwear
Promo - workwear
Slide 8: Promo – workwear
Promo — workwear WORKWEAR
Slide 9: Vision - promo
Vision - promo Our vision is to become Europe’s leading supplier of promo articles by offering: ✔ high quality products ✔ strong brands ✔ knowledge and service ✔ a superior overall concept to resellers
Slide 10: Retail
Retail • Specialised stores for gifts • Home interior • Home textiles • Specialised stores for sports articles • Specialised stores for shoes
Slide 11: Retail
Retail • New Wave’s retail operation is divided into two categories: – Sports & Leisure • Fully owned brands • Licensed brands – Gifts & Home Interior • Fully owned brands
Slide 12: Retail – Sports & Leisure
Retail – Sports & Leisure Fully owned brands! Functional sports wear Leisure wear, T-shirts etc. Knitted socks, hats, etc. Children’s and women’s shoes Golf and leisure wear
Slide 13: Retail – Sports & Leisure
Retail – Sports & Leisure Licensed brands! Football wear and equipment Swimwear
Slide 14: Retail – Gifts & Home Interior
Retail – Gifts & Home Interior Fully owned brands! Gifts and home interior Gifts and home interior Gifts and home interior Gifts and home interior Glass and crystal Art glass Glass
Slide 15: Vision – Retail
Vision – Retail • We shall become the Nordic countries’ leading supplier of sports and leisure wear. • Make the fully owned brands Craft and Seger internationally renowned functional sportswear brands. • Develop Sagaform into one of Europe’s leading brands on kitchenware, chinaware and gifts. • Deve
Slide 16: The larger Group’s synergies – the smaller companies’ flexibility
The larger Group’s synergies – the smaller companies’ flexibility Promo HIGH END Promo wear PRODUCTS Promo gifts Warehouse Logistics Workwear NEW WAVE GROUP Retail Design / Product Purchasing development Sportswear Textiles Gifts BASIC Home interior PRODUCTS
Slide 17: April - June 2010
April - June 2010 Sales amounted to SEK 1 065 million, which was 9% higher then previous year in local currencies and 4 % higher in SEK (SEK 1 023 million). Operational profit amounted to SEK 87.9 (95.4) million Previous year includes one-time income of SEK 16,4 million Profit after tax SEK
Slide 18: Comments April-June 2010
Comments April-June 2010 Sales 4 %, SEK 1 065 (1 023) million – Sales in local currencies +9% (currency effect SEK -53 million or -5 %) – USA and Sweden are showing growth, Mid Europe is stable while South Europe is weak. – The activity within sales channel Promo is improving and showing growth bu
Slide 19: Sales per region
Sales per region 3 mths 3 mths apr-jun Part of aprjun Part of Change in Change in 2010 sales 2009 sales SEK million th Nordic countries 492 46% 462 45% 30 6% Mid Europe 173 16% 188 18% -15 8% South Europe 112 11% 130 13% -18 -14% North America 258 24% 209 20% 49 23% Other countries 31 3% 33 3% -2 6%
Slide 20: Comments April-June 2010
Comments April-June 2010 Operating margin 8.3 (9.3) % – Previous year include a one-time income that amounted to SEK 16,4 million ( gives 7.7 % instead of 9.3 %) Profit margin 7.8 (8.1) % – Previous year include a one-time income that amounted to SEK 16,4 million (gives 6.5 % instead of 8.1%)
Slide 21: Income statement
Income statement 3 mths 3 mths april-june april-june SEK Million 2010 2009 Net sales 1 0653 10229 Goods for resale -563,7 -519 3 Gross profit 501,6 503,6 Other income 51 22,0 External costs -230,6 -220,1 Personnel costs -171,7 -182,8 Depreciation/amorization -15,1 -19,0 Other costs -1,4 83 Operating
Slide 22: Sales (in SEK million)
Sales (in SEK million) 1500 1200 900 600 —_ 300 — Ql Q2 Q3 Q4 2005 2006 [Ml 2007 2008 2009 MM 2010
Slide 23: Profit before tax, SEK million
Profit before tax, SEK million
Slide 24: Cash flow April-Juni 2010
Cash flow April-Juni 2010 3mths 3mths apnil-june —april-june SEK Million 2010 2009 Cash flow from operating act. before changes in working capital 82,4 65,3 Changes in working capital 35,1 308 1 Cash flow from operating activities 117.5 3734 Investing activitites 6,7 -03 Cash flow after investing ac
Slide 25: January - June 2010
January - June 2010 Sales amounted to SEK 1 981 million, which was 5% higher then previous year in local currencies and -1 % lower in SEK (2 002 million). Operating profit amounted to SEK 104.8 million (38.1) Previous year was charged with a net of SEK 60.8 million (restructuring costs deducte
Slide 26: Comments January-June 2010
Comments January-June 2010 Sales -1 %, SEK 1 981 million (2 002) – Sales in local currencies +5% (currency effect SEK -119 million or -6 %) – USA and Sweden has growth, Mid Europe stable but South Europe weak. – Activity within sales channel Promo is improving and has growth but still on a low lev
Slide 27: Sales per region
Sales per region 6 mths 6 mths jan-jun Part of janjun Part of Changein Changein 2010 sales 2009 sales SEK million h Nordic countries 900 45% 866 43% 34 4% Mid Europe 350 18% 385 19% -35 -9% South Europe 214 11% 251 13% -37 -15% North America 432 22% 414 21% 18 4% Other countries 85 A% 86 A% =1 -1% T
Slide 28: Comments Januari-June 2010
Comments Januari-June 2010 Operating margin 5.3 (1.9) % – Previous year was charged with a net of SEK 60.8 million (restructuring costs deducted with capital gains) Profit margin 4.7 (0.5) % – Previous year was charged with a net of SEK 60.8 million (restructuring costs deducted with capital gai
Slide 29: Income statement
Income statement 6 mths 6 mths jan-june jan-june SEK Million 2010 2009 Net sales 1 9806 2.002,4 Goods for resale -1 041.6 1.0474 Gross profit 939,0 955.0 Other income 10,2 448 External costs -471,0 -487 8 Personnel costs -338,7 -414,0 Depreciation/amorization -30,0 -375 Other costs 47 -22,4 Operatin
Slide 30: Cash flow Januari-June 2010
Cash flow Januari-June 2010 6 mths 6 mths jan-june jan-june SEK Million 2010 2009 Cash flow from operating act. before changes in working capital 1025 -15,1 Changes in working capital 804 24398 Cash flow from operating activities 1829 2347 Investing activitites -227 66 Cash flow after investing acti
Slide 31: Stock
Stock Amounted to SEK 1 579 million per 30 June 2010 ─ Goods for resale SEK 1 384 million (1 936) ─ Raw materials, good in transit etc SEK 195 million (145) ─ Provision for obsolete goods SEK 61 million (88) ….but stock per 30 juni to low in certain segments. We expect an improvement during the ne
Slide 32: Financial highlights – summary
Financial highlights – summary
Slide 33: Outlook for 2010-2012
Outlook for 2010-2012 2010 – We expect profit growth and a higher turnover than 2009 – Positive cash-flow 2011-2012 – Sales and earnings growth. Better focus on cash flow than previous years.
Slide 34: We aim to make everyone who buys our products a happy customer
We aim to make everyone who buys our products a happy customer. If you choose to invest in New Wave Group, we want you to know that we promise to take care of your investment in the best possible way we know how — through long-term thinking, growth, stability, and hard work!