Slide 1: Kid ASA Q4 2020
Kid ASA Kid ASA Kid ASA Kid ASA 5 November 2020 5 November 2020 17 February 2021 17 February 2021 Q3 2020 Q4 2020 Q3 2020 Presentation available Presentation available at investor.kid.no Q4 2020 PresentationPresentation available available at investor.kid.no at investor.kid.no at investor.kid.no
Slide 2: Financial fourth quarter in brief
Financial fourth quarter in brief • Solid financial quarter with record quarterly EBITDA! • Group revenues increased by 6.6%1 and LFL growth was 7.4%1 • Kid Interior revenue growth of 15.3% (LFL growth of 13.6%) • In local currency, Hemtex revenue decreased by -5.7% (LFL declined by -1.9%) • Gross m
Slide 3: Full year summary
Full year summary • Strong financial performance¹ – Group Revenue growth of 28% – EBITDA (ex IFRS16) growth of 51% – EBITDA margin (ex IFRS16) increased from 15.1% to 17.9% – Net Profit growth of 62% with EPS of 8.78 (5.42) • Online growth of 151%, accounted for 8.9% (6.4%2) of total revenues • Hemt
Slide 4: Operational focus in Q4
Operational focus in Q4 • Successful product and category development a key driver for growth during the quarter • Rebuilt Kid Interior stores to include kitchen departments • Improved margins through centralised sourcing and increased volumes from organic growth and inclusion of Hemtex volumes • Su
Slide 5: Pan-Nordic presence
Pan-Nordic presence 278 Store information Q4 • Kid Interior (147 stores) 117 • Four new stores were opened; Mosseporten, Nittedal, Røa and Åkrehamn • Lambertseter and Kremmerhuset (Lillehammer) were refurbished • One store was relocated in Triaden (Lillestrøm) 9 • No closed stores 147 • Hemtex (131
Slide 6: Revenues and market share
Revenues and market share Group revenues increased by 6.6%¹ Revenue (MNOK) Like-for-like growth (%) • Group like-for-like of 7.4% including online sales • Kid Interior revenue growth of 15.3% (11.0%) • Like-for-like growth of 13.6% (8.8%) including online sales • Online sales growth of 59.2% to MNOK
Slide 7: Gross margin
Gross margin Group gross margin of 63.1% in Q4 Group gross margins in 2019 and 2020¹ • Group gross margin was 63.1 % for the quarter, up by 3.0 pp due to improved product mix, improved purchasing terms and less rebating • Kid Interior gross margin increased by 2.1 pp from 61.2 % to 63.3% because of
Slide 8: EBITDA
EBITDA Adjusted EBITDA of 369.6 (297.6) in Q4 Adjusted1 EBITDA Q4 2020 versus Q4 2019 • Adjusted EBITDA excl. IFRS16 of MNOK 299.3 (229.3) for Q4 • Kid Interior EBITDA excl. IFRS16 of MNOK 213.5 (166.2) • Increased EBITDA of MNOK 47.3 mainly due to increased revenues and improved gross margins • Est
Slide 9: Cash flow
Cash flow (Amounts in NOK million) Q4 2020 Q4 2019 FY 2020 FY 2019 ¹ Net cash flow from operations 523,9 449,2 749,2 523,6 Solid financial position and liquidity Net Cash flow from investments -27,2 -46,9 -65,4 -92,9 Net cash flow from financing -365,5 -115,8 -725,4 -333,0 • Cash flow from operation
Slide 10: Dividend and Revised Dividend Policy
Dividend and Revised Dividend Policy Ordinary dividends of 91% of Net Profit for 2020 Dividend per share (DPS) and Adj1 Earnings per share (EPS) • The Board of Directors will propose to the Annual General Meeting a total dividend of NOK 4.40 per share to be paid 9 June 2021 • NOK 3.40 as an ordinary
Slide 11: Segment: Kid Interior
Segment: Kid Interior (Amounts in NOK millions) Q4 2020 Q4 2019 FY 2020 FY 2019 Revenue 694,2 602,0 1 862,8 1 606,3 Revenue growth 15,3 % 11,0 % 16,0 % 9,5 % LFL growth including online sales 13,6 % 8,8 % 14,8 % 6,8 % COGS -254,5 -233,4 -703,1 -622,6 Gross profit 439,6 368,5 1 159,7 983,7 Gross marg
Slide 12: Segment: Hemtex
Segment: Hemtex (Amounts in NOK millions) Q4 2020 Q4 2019 FY 2020 FY 2019 ¹ Revenue 403,0 387,5 1 131,8 735,9 Revenue growth ² -5,7% 19,6 % 1,1 % 13,1 % LFL growth including online sales ² -1,9% 22,0 % 6,7 % 12,5 % COGS -150,7 -153,9 -420,7 -290,5 Gross profit 252,4 233,6 711,1 445,4 Gross margin (%
Slide 13: Growth initiatives
Growth initiatives Growth by assortment and store area expansion in 2021 • New products introduced after 2017 added revenue of MNOK 83 in Kid Interior during Q4, representing 25% of the growth • We are now increasing our product teams from 4 to 5 in order to fuel further growth through category deve
Slide 14: Outlook
Outlook COVID-19 Trade Update • Norwegian authorities decided to temporarily close retail trade stores in specific geographical areas from 22 January 2021 • 47 stores are currently closed and on average 38 stores have been closed since 22 January 2021 • Including closed stores, sales growth for the
Slide 15: Q&A
Q&A Q &A Kid ASA Q4 2020
Slide 16: Income statement
Income statement (Amounts in NOK thousand) Q4 2020 Q4 2019 FY 2020 FY 2019 ¹ Revenue 1 097,2 989,5 2 994,7 2 342,2 COGS -405,2 -394,5 -1 128,7 -925,7 Gross profit 692,0 595,0 1 866,0 1 416,5 Gross margin (%) 63,1 % 60,1 % 62,3 % 60,5 % Other operating revenue 0,9 0,1 1,7 2,1 OPEX -323,4 -297,5 -1 04
Slide 17: Statement of financial position
Statement of financial position 17 Kid ASA Q4 2020
Slide 18: Sales days and stores
Sales days and stores Kid Hemtex Number of sales days Number of sales days Year Q1 Q2 Q3 Q4 Total Year Q1 Q2 Q3 Q4 Total 2019 76 71 79 80 306 2019 90 92 91 273 2020 77 72 79 80 308 2020 91 90 92 91 364 Number of store projects Number of store projects 2019 Q1 Q2 Q3 Q4 Total 2019 Q1 Q2 Q3 Q4 Total Ne