Slide 1: Year end report January - December 2016
Craft Year end report January - December 2016 J.Harvest & Frost
Slide 2: This is New Wave Group
This is New Wave Group New Wave Group is a growth company. We design, acquire and develop brands and products in the corporate promotion, sports, gifts and home furnishings sectors. Our three operating segments are: Corporate Promo; promowear, promotional gifts and workwear, Sports & Leisure and
Slide 3: Operating segments and markets
Corporate Promo Operating segments and markets New Wave Group distributes 49 different brands, 3 of which are licensed brands. The rest are fully owned. Sport & Leisure Each brand is categorised according to which of our three operating segments it belongs to; Corporate Promo, Sports & Leisure or Gi
Slide 4: Corporate Promo vision
J. Harvest & Frost Corporate Promo vision The vision for the Corporate Promo operating segment is to become the leading supplier in Europe and one of the leading suppliers in the USA of promotional products by offering retailers a broad product range, strong brands, advanced expertise and service, a
Slide 5: Sports & Leisure vision
Seger Sports & Leisure vision The vision for the Sports & Leisure operating segment involves establishing Craft as a world- leading sportswear brand, and making Cutter & Buck a world-leading golf apparel brand. The vision also entails to strengthening Speedo in the Swedish, Norwegian and Danish mark
Slide 6: Gifts & Home Furnishings vision
Orrefors Orrefors Gifts & Home Furnishings vision The vision for the Gifts & Home Furnishings operating segment area is to make Orrefors and Kosta Boda world- leading glass and crystal suppliers. Part of the vision also involves utilising innovative and playful design to make Sagaform a prominent pl
Slide 7: Financial information
Clique Retail Craft Craft Cutter & Buck Financial information J.Harvest & Frost
Slide 8: October - December
Projob Clique Cottover October - December Sales SEK 1 549 million (1 405) Sales increased 10% (6% in local currencies) Corporate Promo 13%, Sports & Leisure 6%, Gifts & Home 11% Improvements primarily in Sweden, Other Nordic countries, Europe Promo sales channel 10%, retail 11% Sales per
Slide 9: October – December: Sales per area
October – December Sales per area OCT-DEC Part of OCT-DEC Part of Change % 2016 turnover 2015 turnover MSEK Sweden 419.0 27% 369.5 21% 49.4 13 USA 373.1 24% 344.2 32% 28.9 8 Nordic countries excl Sweden 186.8 12% 158.7 13% 28.1 18 Central Europe 306.3 20% 291.1 17% 15.2 5 Southern Europe 167.4 11% 1
Slide 10: Sales
Sales 1600 1200 Qi 2011 Q2 ™ 2012 m 2013 Q3 m 2014 2015 m2016 a4
Slide 11: October – December
October – December J.Clique Harvest & Frost Ahead Gross profit margin amounted to 46.3 (45.0) % Improvement in all segments Total costs amounted to SEK -542.8 million (-515.5) We have increased the number of employees within sales and customer service. Currency effect Operating profit am
Slide 12: October – December Income statement
October – December Income statement Oct-Dec Oct-Dec SEK Million 2016 2015 Income 1 548.6 1 405.3 Goods for resale -832.3 -773.5 Gross profit 716.3 46.3% 631.8 45.0% Other operating income 14.9 8.0 External costs -299.9 -284,0 Personnel costs -242.9 -231.5 Depreciation/amortization -15.2 -14.2 Other
Slide 13: October - December EBITDA per operating segment
October - December EBITDA per operating segment Corporate Promo amounted to SEK 109.9 million (78.3) Higher turnover Improved gross margin % Higher costs Sports & Leisure amounted to SEK 55.0 million (29.8) Higher turnover Lower costs Gifts & Home Furnishings amounted to SEK 17.3 mil
Slide 14: Result before tax
Result before tax Qi Q2 Q3 a4 2011 ™2012 ™2013 @2014 2015 m2016
Slide 15: October - December Cash flow
October - December Cash flow Oct-Dec Oct-Dec SEK Million 2016 2015 Cash flow from operating act. before changes in working capital 132.0 90.6 Changes in working capital 148.9 284.9 Cash flow from operations 280.9 375.5 Investing activitites -24.5 -24.1 Cash flow after investing activities 256.4 351.
Slide 16: CEO summary - quarter
CEO summary - quarter Sales I am satisfied with the quarter. Growth of 10 % despite a strong quarter last year (12 %) Segment Corporate Promo 13 % and also growth in S&P and G&H Result The growth gives a good development on the result Operational result improved 54% (SEK 58.6 million)
Slide 17: January - December
January - December Sales SEK 5 237 million (4 965) Sales increased 5% (5% in local currencies) Corporate Promo 11%, Sports & Leisure 0%, Gifts & Home 6% Improvements primarily in the regions Sweden (promo), Other Nordic countries and Europe Promo sales channel 9%, retail 1% Sales per Ope
Slide 18: January – December: Sales per area
January – December Sales per area JAN-DEC Part of JAN-DEC Part of Change % 2016 turnover 2015 turnover MSEK Sweden 1 236.4 24% 1 145.6 22% 90.8 8 USA 1 381.1 26% 1 389.1 29% -8.0 -1 Nordic countries excl Sweden 739.5 14% 660.2 14% 79.3 12 Central Europe 996.8 19% 927.3 18% 69.5 8 Southern Europe 525
Slide 19: January – December
January – December J. Harvest & Frost Clique Ahead Gross profit margin amounted to 46.0% (45.1) Improvement in all segments. Improved service and changed purchase channels in Gifts & Home furnishings Total costs amounted to SEK -1 979.4 million (-1 937.6) more personnel in sales and customer
Slide 20: January – December Income statement
January – December Income statement Jan-Dec Jan-Dec SEK Million 2016 2015 Income 5 237.1 4 964.7 Goods for resale -2 826.9 -2 726.1 Gross profit 2 410.2 46.0% 2 238.6 45.1% Other operating income 51,0 47.2 External costs -1 097.8 -1 086.0 Personnel costs -881.6 -851.6 Depreciation/amortization -55.9
Slide 21: January - December EBITDA per operating segment
January - December EBITDA per operating segment Corporate Promo amounted to SEK 250.8 million (166.4) Higher turnover Improved gross profit margin Sports & Leisure amounted to SEK 194.5 million (143.1) Lower marketing costs Gifts & Home Furnishings amounted to SEK 10.8 million (2.8) Hi
Slide 22: January - December Cash flow
January - December Cash flow Jan-Dec Jan - Dec SEK Million 2016 2015 Cash flow from operating act. before changes in working capital 333.4 209.8 Changes in working capital 115.5 -80.3 Cash flow from operating activities 448.9 129.5 Investing activitites -89.6 -106.5 Cash flow after investing activit
Slide 23: Financial highlights – summary 5 years
Financial highlights – summary 5 years 2016 2015 2014 2013 2012 2011 Sales growth, % 5.5 16.2 5.6 -5.4 1.0 -0.2 Number of employees 2 396 2 358 2 212 2 123 2 258 2 470 Gross profit margin, % 46.0 45.1 45.7 46.2 43.6 47.7 Operating margin before depreciation, % 8.7 6.3 7.1 8.5 3.8 8.9 Operating margi
Slide 24: CEO summary
Jobman CEO summary 2016 Full year 2016 Almost satisfied… Organic growth on almost SEK 1 200 million in three years Operating result increased by 57% vs py and amounted to SEK 400.2 million Cash flow from operations amounted to SEK 448.9 million Equity ration 48.4% and net debt to equuity
Slide 25: CEO summary: Future and Focus
Jobman CEO summary 2016 Future and Focus Investments made in 2014-2016 are still far from their full potential Craft Teamwear and Craft shoes Investments in CSR and marketing Expanding effors in Canada and Poland Strong postion on the market
Slide 26: Ongoing activities and news
Ongoing activities and news Jobman Projob
Slide 27: possible way we can — through long- Kosta Boda
We strive to make everyone who buys our products a happy customer. If you choose to invest in New Wave Group we want you to know that we promise to take care of your investment in the best possible way we can — through long- term thinking, growth, stability and hard work! Kosta Boda Mattias Stenberg