Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — Qliro Group — Q3 2015 Earnings Presentation
15 slides from Nelly Group Ab's earnings presentation, 2015
Slide 1: Third Quarter and First Nine Months 2015
Third Quarter and First Nine Months 2015 qlirogroup.com
Slide 2: Highlights in Q3
Highlights in Q3 • Key operational initiatives and investments finalized • Lekmer ready for the fourth quarter after finalized warehouse project • CDON warehouse consolidation completed • Reorganisation completed at Gymgrossisten • Strengthened management team • Qliro Financial Services develops at
Slide 3: Business Segments Q3-15 vs Q3-14
BUSINESS SEGMENTS Q3 -15 vs Q3 -14 qlirogroup.com 3
Slide 4: CDON Marketplace
CDON Marketplace Q3 15 Q3 14 Growth YTD 15 YTD 14 Growth Gross Merchandise Value, external merchants 48.1 28.5 69% 135.0 77.1 75% • Sales generated to merchants up 69% Total Gross Merchandise Value 430.5 445.7 -3% 1,271.4 1,288.7 -1% • Almost 700 merchants signed with CDON Net sales (SEK million) 38
Slide 5: Nelly
Nelly • Sales growth in Sweden amounted to 22%, other Nordic countries showed weaker Q3 15 Q3 14 Growth YTD 15 YTD 14 Growth development Net sales (SEK million) 246.5 244.2 1% 838.6 758.3 11% EBITDA (SEK million) -7.4 -4.0 -9.9 -9.2 • The share of Nelly’s sales generated in Sweden over the first nin
Slide 6: Gymgrossisten
Gymgrossisten • Sales in Sweden increased, while other Q3 15 Q3 14 Growth YTD 15 YTD 14 Growth Nordic countries showed weaker development Net sales (SEK million) 197.1 203.6 -3% 648.5 630.9 3% EBITDA (SEK million) 13.3 17.0 44.4 54.1 • Completed reorganisation in October EBITDA margin (%) 6.8% 8.3%
Slide 7: Tretti
Tretti Q3 15 Q3 14 Growth YTD 15 YTD 14 Growth Net sales (SEK million) 189.0 160.3 18% 553.4 475.1 16% • Sales growth of 18% EBITDA (SEK million) 0.9 1.5 3.5 4.3 EBITDA margin (%) 0.5% 1.0% 0.6% 0.9% • Continued growth in all product categories EBIT (SEK million) 0.1 0.8 1.1 1.9 EBIT margin (%) 0.0%
Slide 8: Lekmer
Lekmer • Automated warehouse deployed Q3 15 Q3 14 Growth YTD 15 YTD 14 Growth Net sales (SEK million) 86.6 95.6 -9% 278.7 240.7 16% • Larger operational disturbances than expected EBITDA (SEK million) -12.5 -1.0 -34.9 -8.4 EBITDA margin (%) -14.4% -1.1% -12.5% -3.5% • Warehouse operations have now r
Slide 9: Qliro Financial Services
Qliro Financial Services • Qliro development in line with plan Q3 15 Q2 15 Q1 15 • Processed 728,000 orders in Q3 Total operating income 27.4 23.1 18.0 EBIT (SEK million) -7.2 -11.6 -15.0 • Business volume of SEK 594 million in Q3 and total accumulated Loans to the public 337.6 276.5 182.8 business
Slide 10: Financials
FINANCIALS qlirogroup.com 10
Slide 11: Income Statement
Income Statement Excluding divested entities and non-recurring items 2015 2014 2015 2014 (SEK million) Q3 Q3 Jan-Sept Jan-Sept 1,116.8 1,121.2 3,488.7 3,317.2 • Sales in line with last year Net Sales Gross profit 149.8 151.5 502.7 502.6 Gross margin (%) 13.4% 13.5% 14.4% 15.2% • Negative currency ef
Slide 12: Cash Flow
Cash Flow 2015 2014 2015 2014 (SEK million) Q3 Q3 Jan-Sept Jan-Sept • Cash flow from operations improved to Cash flow from operating activities -34.0 4.3 -70.2 9.6 SEK -72.1 (-87.4) million in Q3 Changes in working capital -38.0 -91.8 -146.1 -191.3 Cash flow from operations -72.1 -87.4 -216.2 -181.7
Slide 13: Financial Position
Financial Position 2015 2014 (SEK million) 30-sept 30-sept Total non-current assets 864.1 767.8 • Healthy inventory levels ahead of Q4 Inventories 691.0 689.3 Loans to the public 337.6 11.4 • Qliro Financial Services’ loans to the public Current non-interest bearing 149.1 178.0 SEK 337.6 million rec
Slide 14: Conclusion
Conclusion • Continued Nordic Focus • Platform in place to facilitate increased volumes and future profitability Segment Sa l es growth EBITDA-ma rgi n Nel l y 5-7% Lekmer Growth in line with or 3-5% CDON.com above market for each 2-3% Gymgros s i s ten respective segment 7-9% Tretti 2-4% • Strong b
Slide 15: Thank you!
Thank you! Next report: 27st January 2016 nasdaq symbol QLRO follow us on twitter @qlirogroup Qliro Group AB (publ.) Box 195 25 SE-104 32 Stockholm +46 (0)10 703 20 00 office@qlirogroup.com qlirogroup.com