Nick Scali Limited · ASX:NCK
Nick Scali — Investor Presentation (August 2018)
11 slides from Nick Scali's investor presentation, Aug 16, 2018
Slide 1: Nick Scali Limited FY18 Results Presentation
Nick Scali Limited | NCK.ASX FY18 Results Presentation 16th August 2018
Slide 2: Key Highlights
Key Highlights • Sales increased 7.7% to $250.8m (FY17: $232.9m) Sales • Increase assisted by full year of sales from 4 stores opened in FY17 and part contribution of 6 stores opened in FY18 Profit • Gross margin increased by 20 bps to 62.7% Profit • NPAT increased 10.1% to $41.0m (FY17: $37.2m) Exp
Slide 3: Sales and NPAT growth
Sales and NPAT growth Sales up 7.7% with NPAT up 10.1% benefiting from new store openings Revenue (A$000) NPAT (A$000) CAGR 10.1% CAGR 42.4% 7.7% 30.2% 15.4% 14.7% 40,979 30.4% 250,768 37,236 232,908 53.1% 10.1% 203,045 26,150 20.0% 155,743 141,442 17,077 14,236 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY
Slide 4: Profit margin and cost of business
Profit margin and cost of business Profitability and cost of doing business continue to trend favourably NPAT to Sales CODB to Sales 300,000 300,000 48.0% 16.0% 16.3% 16.0% 250,000 46.0% 250,768 250,000 45.3% 12.9% 250,768 232,908 44.3% 232,908 11.0% 44.0% 200,000 12.0% 203,045 200,000 10.1% 203,045
Slide 5: Earnings Summary
Earnings Summary Profit and loss statement Summary YE 30 June ($m) FY18 FY17 Change (%) 0.7 1.9 Sales Revenue 250.8 232.9 + 7.7% 1.9 0.4 Cost of sales (93.6) (87.3) Gross Profit 157.2 145.6 + 8.3% 4.1 Other income 1.9 1.6 Operating expenses (95.6) (90.5) + 6.1% 41.0 EBITDA 62.8 55.7 + 12.7% 37.2 Dep
Slide 6: Balance Sheet
Balance Sheet Balance sheet statement Summary YE 30 June ($m) FY18 FY17 • Strong cash position maintained Cash and term deposits 36.6 39.9 • Total inventory of $36.2m up $7.0m due to new Receivables 1.9 0.2 showrooms, NZ warehouse, stock in transit and Inventories 36.2 29.2 improved availability of
Slide 7: Cash Flow
Cash Flow Strong operating cash flow supporting capex investment and dividend payout Cash flow statement 4.5 11.0 YE 30 June ($m) FY18 FY17 5.3 Receipts from customers 274.2 256.2 Payments to suppliers/employees (214.6) (197.6) 41.0 Interest received 0.8 0.9 29.2 Income tax paid (17.3) (16.6) Operat
Slide 8: Long term store network target of 75+ stores
Long term store network target of 75+ stores (Australia and New Zealand) Consistent growth in the store network including the first store in New Zealand FY18 store network Nick Scali brand store network growth 11 75+ 6 4 60+ 18 55 2 42 45 41 34 1 12 1 FY14 FY15 FY16 FY17 FY18 FY19 FY X • H1-18: Six
Slide 9: Outlook
Outlook New stores Six new stores confirmed to open in FY19, five store will open in first half. The six new stores opened in FY18 have performed above expectations. New Zealand Hamilton store, our second store will open in October FY19. Our Auckland store performing above expectations. Will provide
Slide 10: Thank you
nickscali Thank you
Slide 11: Important notice and disclaimer
Important notice and disclaimer Nick Scali Limited (the “Company”) advises that the information in this presentation contains general background information about the Company’s activities as at the date of the presentation. It is information given in summary form and is based on information availabl