Nobia Ab · OMXSTO:NOBI

Nobia Ab — Q2 2009 Earnings Presentation

15 slides from Nobia Ab's earnings presentation, Jul 17, 2009

  1. Slide 1: Interim report Q2

    Interim report Q2 17 July 2009

  2. Slide 2: Continued weak market

    Continued weak market Q2 in brief, excluding restructuring costs ƒ Net sales SEK 4,291 m (4,477) ƒ Organic growth negative 15% ƒ Operating profit SEK 107 m (417) ƒ Operating margin 2.5% (9.3) ƒ Operating cash flow SEK 456 m (11) À la Carte 2 2009

  3. Slide 3: Performance by region

    Performance by region 2009 nobia

  4. Slide 4: UK kitchen market in Q2

    UK kitchen market in Q2 ƒ Negative trend continued during the quarter Magnet, UK 4 2009

  5. Slide 5: UK region in Q2

    UK region in Q2 2009 2008 Apr-Jun Apr-Jun Net sales, 1,494 1,424 SEK m Operating profit, 26 117 SEK m Operating margin 1.7% 8.2% ƒ Organic growth 1% ƒ Sales performance better than overall market ƒ Weakened operating margin: negative currency effects of SEK 20 m , price competition and sales mix Mag

  6. Slide 6: Nordic kitchen market in Q2

    Nordic kitchen market in Q2 ƒ Decreased demand in all Nordic markets – especially new-build ƒ Tax reductions for renovation and rebuilding of private homes Invita 6 2009

  7. Slide 7: Nordic region Q2

    Nordic region Q2 2009 2008 Apr-Jun Apr-Jun Net sales, 1,499 1,773 SEK m Operating profit*, 91 241 SEK m Operating margin* 6.1% 13.6% * Excluding structural expenses ƒ Organic growth -28% ƒ Decline mainly due to drop in volumes ƒ Structural expenses of SEK 25 m impacted profit negatively HTH 7 2009

  8. Slide 8: Continental European kitchen market in Q2

    Continental European kitchen market in Q2 ƒ Demand in all main markets continued to be weak during the period Hygena 8 2009

  9. Slide 9: Continental Europe region Q2

    Continental Europe region Q2 2009 2008 Apr-Jun Apr-Jun Net sales, SEK m 1,325 1,307 Operating profit*, SEK m 24 87 Operating margin 1.8% 6.7% * Excluding structural expenses ƒ Organic growth -15% ƒ Drop in volumes, price pressure in France ƒ Structural expenses in Hygena of SEK 5m ƒ Positive currenc

  10. Slide 10: Comments on each region

    Comments on each region ƒ UK ƒ Nordic ƒ Continental Europe 10 2009

  11. Slide 11: Profit development

    Profit development 2009 2008 ƒ Lower volumes SEK m Apr-Jun Apr-Jun ƒ Price pressure Operating profit before depreciation, SEK m 256 535 ƒ Sales mix (EBITDA)* ƒ Store investments Operating profit, ƒ One-off costs in UK 107 417 SEK m (EBIT)* Profit after financial 55 377 items Profit after tax 39 271

  12. Slide 12: Financial position

    Financial position 2009 2008 SEK m Apr-Jun Apr-Jun ƒ Impact of cash-flow initiatives Investments -66 -160 ƒ Lower working capital tied up Operating cash flow 456 11 ƒ Lower level of investments ƒ Lower taxes paid 2009 2008 SEK m 30 Jun 30 Jun Net debt 2,769 3,102 Net debt/equity 68% 83% 12 2009

  13. Slide 13: Cost-cutting initiatives

    Cost-cutting initiatives ƒ Plant closures in Finland, Norway and Denmark ƒ Shift of production volumes from Germany to UK ƒ Reduce purchasing prices Myresjökök 13 2009

  14. Slide 14: Main priorities

    Main priorities ƒ Harmonise assortment – Adjust production – Capture synergies ƒ Cash management in focus ƒ Improve customer offering in both retail and B2B channels Next report Friday, 23 October Marbodal 14 2009

  15. Slide 15: Q&A session

    Q&A session ƒ Please use your touch-tone phone or send an e-mail using the link below. Poggenpohl 15 2009

Nobia — Q2 2009 Earnings Presentation on 6ix