Slide 1: Year End Report January - December 2015
Craft Year End Report January - December 2015 J.Harvest & Frost
Slide 2: This is New Wave Group
This is New Wave Group New Wave Group is a growth company. We design, acquire and develop brands and products in the corporate promotion, sports, gifts and home furnishings sectors. Our three operating segments are: Corporate Promo; promowear, promotional gifts and workwear, Sports & Leisure and
Slide 3: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes 48 different brands, 3 of which are licensed brands. The rest are fully owned. Sport & Leisure Each brand is categorised according to which of our three operating segments it belongs to; Corporate Promo, Sports & Leisure or Gi
Slide 4: Corporate Promo vision
J. Harvest & Frost Corporate Promo vision The vision for the Corporate Promo operating segment is to become the leading supplier in Europe and one of the leading suppliers in the USA of promotional products by offering retailers a broad product range, strong brands, advanced expertise and service, a
Slide 5: Sports & Leisure vision
Seger Sports & Leisure vision The vision for the Sports & Leisure operating segment involves establishing the wholly owned brands Craft and Seger as international functional sportswear brands, and making Cutter & Buck a world-leading golf apparel brand. The vision also entails to strengthening Speed
Slide 6: Gifts & Home Furnishings vision
Orrefors Kosta Boda Gifts & Home Furnishings vision The vision for the Gifts & Home Furnishings operating segment area is to make Orrefors and Kosta Boda world- leading glass and crystal suppliers. Part of the vision also involves utilising innovative and playful design to make Sagaform a prominent
Slide 7: Financial information
Clique Retail Craft Craft Cutter & Buck Cutter & Buck Financial information J.Harvest & Frost
Slide 8: October - December 2015
Clique October - December 2015 Sales SEK 1 405 (1 260) million Sales increased 12% (9% in local currencies) Corporate Promo 18%, Sports & Leisure 7%, Gifts & Home 2% Improvements in Sweden, Other Nordic countries and Europe Promo sales channel 20%, retail 11% Sales per Operating segment
Slide 9: October – December 2015: Sales per area
October – December 2015 Sales per area OCT-DEC Part of OCT-DEC Part of Change % 2015 turnover 2014 turnover MSEK Sweden 369.5 26% 340.9 27% 28.6 8 USA 344.2 25% 298,0 24% 46.2 16 Nordic countries excl Sweden158.7 11% 149.3 12% 9.4 6 Central Europe 291.1 21% 225.3 18% 65.8 29 Southern Europe 152.3 11
Slide 10: Sales
Sales 1500 1200 900 600 300 fe) ! ! L J Q1 Q2 Q3 Q4 2010 (201 J 2012 F203 J 2014 Fh 2015
Slide 11: October – December 2015
J.Clique October – December 2015 Harvest & Frost Ahead Gross profit margin amounted to 45.0 (46.8)% mix of products, countries and customers Total costs amounted to SEK -515.5 (-465.2) million additional sales and marketing activities reduced operations in Russia SEK -8.1 million currenc
Slide 12: October – December 2015 Income statement
October – December 2015 Income statement Oct-Dec Oct-Dec SEK Million 2015 2014 Income 1 405.3 1 259.5 Goods for resale -773.5 -669.6 Gross profit 631.8 45.0% 589.9 46.8% Other operating income 8.0 10.1 External costs -284.0 -260.5 Personnel costs -231.5 -204.7 Depreciation/amortization -14.2 -14.2 O
Slide 13: October - December 2015 EBITDA per operating segment
DJ Frantextil October - December 2015 EBITDA per operating segment Corporate Promo amounted to SEK 78.3 (77.3) million Higher turnover Somewhat lower gross margin % (mix of products) Higher costs due to increased activity within sales and marketing Sports & Leisure amounted to SEK 29.8 (32
Slide 14: Result before tax
Result before tax Q)1 OQ? Q3 Q4 2010 200 J 202 203 Ff 2014 Fh 2015
Slide 15: October - December 2015 Cash flow
October - December 2015 Cash flow Oct-Dec Oct-Dec SEK Million 2015 2014 Cash flow from operating act. before changes in working capital 90.6 129.1 Changes in working capital 284.9 -183.7 Cash flow from operations 375.5 -54.6 Investing activitites -24.5 -29.6 Cash flow after investing activities 351.
Slide 16: CEO summary – Q4
CEO summary – Q4 Sales and result Growth increased 12% (9% in local currencies) Promo sales channel 20% (Sweden 21%) Better than expected since warm winter affected negatively Result affected by non-recurring cost in Russia Operating profit SEK -8.1 million Result for the period SEK -1
Slide 17: January – December 2015
Clique January – December 2015 Sales SEK 4 965 (4 274) million Sales increased 16% (8% in local currencies) Corporate Promo 20%, Sports & Leisure 16%, Gifts & Home 4%. Improvements in all regions Promo sales channel 23%, retail 9% Sales per Operating segment Corporate Promo 20% to SEK
Slide 18: January - December 2015: Sales per area
January - December 2015 Sales per area JAN-DEC Part of JAN-DEC Part of Change % 2015 turnover 2014 turnover MSEK Sweden 1 145.6 23% 1 063.8 25% 81.8 8 USA 1 389.1 28% 1 124.2 26% 264.9 24 Nordic countries excl Sweden 660.2 13% 605.6 14% 54.6 9 Central Europe 927.3 19% 766.4 18% 160.9 21 Southern Eur
Slide 19: January - December 2015
J. Harvest & Frost January - December 2015 Gross profit margin amounted to 45.1 (45.7)% improved service level, but the mix of products, countries and customers have influenced gross margin negatively Total costs amounted to SEK -1 937.6 (-1 659.2) million additional sales and marketing acti
Slide 20: January - December 2015 Income statement
January - December 2015 Income statement Jan-Dec Jan-Dec SEK Million 2015 2014 Income 4 964.7 4 273.6 Goods for resale -2 726.1 -2 321.0 Gross profit 2 238.6 45.1% 1 952.6 45.7% Other operating income 47.2 27.7 External costs -1 086.0 -923.5 Personnel costs -851.6 -735.7 Depreciation/amortization -5
Slide 21: January - December 2015 EBITDA per operating segment
Orrefors January - December 2015 EBITDA per operating segment Corporate Promo amounted to SEK 166.4 (173.8) million Higher turnover Higher costs due to increased activity within sales and marketing Sports & Leisure amounted to SEK 143.1 (135.3) million Higher turnover Higher costs due to
Slide 22: January - December 2015 Cash flow
January - December 2015 Cash flow Jan-Dec Jan - Dec SEK Million 2015 2014 Cash flow from operating act. before changes in working capital 209.8 253.9 Changes in working capital -80.3 -538.1 Cash flow from operating activities 129.5 -284.2 Investing activitites -105.5 -74.3 Cash flow after investing
Slide 23: Financial highlights - summary
Financial highlights - summary Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2015 2014 2013 2012 2011 Sales growth, % 16.2 5.6 -5.4 1.0 -0.2 Number of employees 2 368 2 212 2 123 2 258 2 470 Gross profit margin, % 45.1 45.7 46.2 43.6 47.7 Operating margin before depreciation, % 6.3 7.1 8.5 3.8 8.9 Operati
Slide 24: CEO summary - 2015
CEO summary - 2015 Sales and result Growth increased 16% (9% in local currencies) Promo sales channel 23% An investment and stock building year which has improved our level of service Result 2015 affected by non-recurring cost in Russia SEK -16.6 million Cash flow and Balance sheet Cas
Slide 25: Marketing activities in Sweden
Orrefors Marketing activities in Sweden Evening press/magazines Social media Web Resellers Prizes at this year’s Swedish promotions gala This years’s winners: Environmentalist of the year: Torsten Jansson, Cottover Product innovation of the year: Squid mini, powerbank, Toppoint
Slide 26: Closing message to investors
Craft offers sports lovers at all levels underwear, insulating mid layer, and outerwear within running, cross country skiing, bicycling and alpine skiing. We strive 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