Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — FY2013 Earnings Presentation
21 slides from Byggmax Group Ab's earnings presentation, Jan 24, 2014
Slide 1: Year-end report January-December 2013
Year-end report January-December 2013 January 24, 2014 Magnus Agervald and Pernilla Walfridsson
Slide 2: Summary January – December 2013
Byggmax Summary January – December 2013 In the fourth quarter, Byggmax increased net sales 7.7 percent. • Net sales amounted to SEK 633.2 M (587.9) in Q4 and SEK 3,216.4 M (3,090.4) for the full year. • Net sales for comparable stores increased 2.9 percent (-9.4) in Q4 and declined 0.7 percent (down
Slide 3: Summary January – December 2013
Byggmax Summary January – December 2013 • Eleven (eight) new stores were opened: five in Sweden, three in Norway and three in Finland • During the second quarter, a number of key individuals subscribed for warrants under the incentive program resolved on by the Annual General Meeting. • On July 3, 2
Slide 4: Stores: 7-13 openings are planned for 2014
Byggmax Stores: 7-13 openings are planned for 2014 Store network at December 31, 2013 The following stores have been opened: - Sweden: Arvika, Härnösand, Karlskoga, Sandviken and Torslanda - Norway: Askoy, Haugenstua (Oslo) and Larvik - Finland: Espoo, Kangasala and Seinäjoki The stores will be anno
Slide 5: New web platform launched
Byggmax New web platform launched A new web platform was launched during the quarter. The new platform, which has a substantially raised performance to the previous platform, allows an expanded range on the website and simplifies navigation. December, 2013 5
Slide 6: Byggmax draws up a new set of values
Byggmax Byggmax draws up a new set of values We gathered all permanent employees at a major conference on November 16-17, to draw up a new set of values. The conference was a great success and generated a lot of energy and enthusiasm. December, 2013 6
Slide 7: Three additional stores converted to 2.0
Byggmax Three additional stores converted to 2.0 Byggmax 2.0 is an updated store concept with more articles, clearer communication while utilizing the same sales area and improved sales control. Byggmax 2.0 stores continue to deliver promising sales increases following conversion. A further three st
Slide 8: The Board of Directors proposes a dividend of SEK 2.3 per share
Byggmax The Board of Directors proposes a dividend of SEK 2.3 per share • The Board of Directors proposes dividend a dividend of SEK 2.3 (2.0) per 2,5 2,3 share 2,0 1,8 2,0 1,5 • Byggmax dividend policy is to 1,5 distribute at least 50 percent of 1,0 dividend sek, net profits for the year 0,5 CAGR 1
Slide 9: Financial information
Financial information January 24, 2014
Slide 10: Results trend
Byggmax Results trend • Net sales increased by 7.7 percent in Q4 • The gross margin was 0.2% higher than in Q4 the preceding year. • Overheads increased in Q4. This was primarily attributable to costs for stores opened after Q4 2012, increased staffing at head office and expenses for Byggmax 2.0. De
Slide 11: Sales trend
Byggmax Sales trend • The operation’s net sales were SEK 633.2 M (587.9) in Q4, up 7.7 percent and for the full year totaled SEK 3,216.1 M (3,090.4), up 4.1 percent. • Net sales for comparable stores increased 2.9 percent in local currency in Q4 and for the full year were down 0.7 percent. • In Q4,
Slide 12: Gross margin
Byggmax Gross margin Q4 • Gross margin 32.6 percent (32.4) 32,4 32,6 30,2 30,7 Full year • Gross margin 30.7 percent (30.2) 2012 2013 12 Q4 months December 2013 12
Slide 13: Operating expenses
Byggmax Operating expenses Personnel expenses Q4 309,1 • Personnel and other operating expenses rose by SEK 272,6 17.7 M. • This was primarily attributable to expenses of SEK 11.6 M for stores opened in 2013. • Byggmax also increased the number of staff at its head office, principally 80,1 due to th
Slide 14: Net financial items
Byggmax Net financial items • Net financial items in line with the same quarter in 2012. December 2013 14
Slide 15: Financial position and cash flow
Byggmax Financial position and cash flow • Cash flow from operating activities for Q4 decreased by SEK 34.9 M year-on-year. December 2013 15
Slide 16: Condensed financial statements January – December 2013
Condensed financial statements January – December 2013 January 24, 2014
Slide 17: Income statement
Byggmax Income statement December 2013 17
Slide 18: Balance sheet
Byggmax Balance sheet December 2013 18
Slide 19: Cash-flow statement
Byggmax Cash-flow statement December 2013 19
Slide 20: Cash-flow statement continued
Byggmax Cash-flow statement continued December 2013 Note that cash and cash equivalents in the cash flow are adjusted for blocked funds 20
Slide 21: Largest shareholders at December 31, 2013
Byggmax Largest shareholders at December 31, 2013 Number of Name/Address shares Holding (% ) ALTOR 2003 S.À.R.L. 11,920,908 19.63 Nordea Investment Funds 5,199,190 8.56 Lannebo fonder 3,822,279 6.29 Norges Bank Investment Management 3,075,312 5.06 Schroder Investment Management North America, Inc. 2