Nick Scali Limited · ASX:NCK
Nick Scali — H1 2017 Earnings Presentation
8 slides from Nick Scali's earnings presentation, Feb 14, 2017
Slide 1: Results Presentation - Half Year 2017 (H1-17)
Nick Scali Limited (NCK) Results Presentation - Half Year 2017 (H1-17) 14th February 2017 For personal use only
Slide 2: Key Points – H1-17
Key Points – H1-15 For personal use only Sales Sales increased 15.5% to $118.4m (H1-16: $102.5m) Net Margin Margin increased by 200 bps to 62.0% Profit NPAT increased 44.7% to $20.5m (H1-16: $14.1m) Expenses Operating expenses decreased to 36.4% of sales (H1-16: 39.5%) Dividend Interim dividend of 1
Slide 3: Earnings Summary
Earnings Summary – 1H FY14 For personal use only H1-17 H1-16 Change Half Year Ended 31 December $M $M % Sales Revenue 118.4 102.5 + 16% Sales increase of 15.5% from same store sales growth of 10.1% and the contribution from the Cost of sales (45.0) (41.0) opening of new stores Gross Profit 73.3 61.5
Slide 4: Balance Sheet
Balance Sheet – 1H FY14 For personal use only Dec 16 Jun 16 Half Year Ended 31 December Strong cash position maintained $M $M Cash and term deposit 37.1 37.0 Inventory up $1.5m mainly due to new stores Receivables 0.6 0.2 Payables down $3.1m from lower balance of customer deposits Inventories 27.3 2
Slide 5: Cash Flow
Cash Flow – 1H FY14 For personal use only H1-17 H1-16 Operating Cash Flow increased by $8.7m over the prior Half Year Ended 31 December $M $M comparative period primarily due to the sales increase with five new stores opened over the past 12 months and combined with Receipts from customers 129.8 112
Slide 6: Store Network
Store Network For personal use only Nick Scali Furniture 3 new stores opened during H1-17 in Hobart (our first store in TAS) and Geelong (VIC) in August 2016 and Jandakot (our fifth store in WA) in December 2016 A further 2-3 new stores are expected to open during H2-17 Store network expansion conti
Slide 7: Outlook
Outlook – FY14 For personal use only • January is traditionally the Company’s biggest trading month of the year for sales orders received and the four week trading period in January 2017 saw continued double digit growth in both total sales orders and comparative stores sales orders compared with th
Slide 8: For personal use only
For personal use only • 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 available to the