Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — Q4 2022 Earnings Presentation
11 slides from Nelly Group Ab's earnings presentation, Feb 3, 2023
Slide 1: Nelly Group AB Investor Presentation Q4 2022
Nelly Group AB INVESTOR PRESENTATION Q4 2022 03 February 2023
Slide 2: Nelly Group Q4 2022 Presentation
Nelly Group Q4 2022 Presentation Helena Karlinder-Östlundh Ola Wahlström Acting CEO Interim CFO ir@nelly.com www.nellygroup.com
Slide 3: Agenda
AGENDA • This is Nelly • Profitability in focus • Quarterly update • Financial update • Nelly on sustainability • Q&A
Slide 4: An integral part of the young woman's everyday life
An integral part of the young woman’s everyday life Founded in 2004 in Borås Pioneered online fashion for young women 2.4M 1.1M MEMBERS ON in the Nordics NELLY.COM ACTIVE CUSTOMERS Online only A community of Nordic consumers Making 1.1 million customers look & feel fab 1.3M 2.3M FOLLOWERS ON ORDERS
Slide 5: Continued focus on profitability
Continued focus on profitability • Fully guaranteed rights issue • Secures our liquidity during the transformation journey we are on RIGHTS ISSUE to become a profitable business • Fully guaranteed through Nelly’s three largest shareholders • Create a highly curated assortment built around “big bets”
Slide 6: Q4 2022 Summary
Q4 2022 Summary 4,9% net Assortment Lower Cost savings revenue reduction to marketing & program decline in a drive warehousing progressing competitive profitability costs well market
Slide 7: Q4 2022 – Income statement
Q4 2022 – Income statement -4,9% revenue decline in weak and competitive markets Gross margin decreases 2.3%p due to (SEK million) Q4 21 Q4 22 higher campaign activity Net revenue 407 387 SEK 7m lower fulfilment and Gross profit 177 159 -17 distribution cost, new automated Gross margin 43.4% 41.1% w
Slide 8: Q4 2022 – Operational & Financials
Q4 2022 – Operational & Financials Fewer orders • 660k Orders, -12% YoY AOV growth • SEK 762 Average Order Value, +1% YoY Lower returns • 32.0% - Reduction of 3%p. YoY • Fulfilment & distribution cost as a share of net revenue at Lower operating costs in Q4 15% (16%) • Admin and other operating cost
Slide 9: Shaping a sound and sustainable Nelly, with her
Shaping a sound and sustainable Nelly, with her Selection of sustainability highlights 2022 We exceeded our goal för Better Cotton, with over 60% of the cotton purchased for our own production being more sustainable cotton from Better Cotton As a step to reduce CO2 emissions, we replaced all the
Slide 10: Q&A
Q&A
Slide 11: Thanks!
THANKS!