Nick Scali Limited · ASX:NCK
Nick Scali — FY2012 Earnings Presentation
7 slides from Nick Scali's earnings presentation, Aug 9, 2012
Slide 1: Nick Scali Limited (NCK) - Results Presentation, Year Ended 30 June 2012
Nick Scali Limited (NCK) - Results Presentation Year Ended 30 June 2012 (FY12) For personal use only
Slide 2: Key Points – FY12
Key Points – FY12 For personal use only Sales increased 9.4% to $109.4m (FY11 $100.0m) S a le s Sales orders increased 16.3% to $116.7m (FY11 $100.3m) NPAT of $9.0m for FY12 P ro fit At lower end of guidance given to the market on May 15 ($9.0m to $9.5m) Final dividend of 3.5 cents. Brings
Slide 3: Earnings Summary – FY12
Earnings Summary – FY12 For personal use only Year End 30 June ($m) FY11 FY12 Change • Sales increase of 9.4% driven from new stores Sales Orders 100.3 116.7 •Sales orders increase of 16.4% helped by strong 4th quarter Sales revenue 100.0 109.4 9.4% Cost of sales (37.3) 42.9 • Same store sales drop
Slide 4: Cash Flow
Cash Flow – FY12 For personal use only • Operating Cash Flow has reduced due to a lower NPAT Year End 30 June ($m) FY11 FY12 result Receipts from customers 109.7 123.7 • Prior year Capital Expenditure of $10.1m included the Pmts to suppliers/employees (90.9) (108.4) purchase of the Alexandria store
Slide 5: Balance Sheet
Balance Sheet – FY12 For personal use only • Closing cash up $3.1m on prior year Period End ($m) Jun'11 Jun'12 Cash 17.6 20.7 • Inventory up $1.4m due to floor stock required for new stores Receivables 0.8 0.8 Inventories 12.2 13.6 • Fixed Assets up $0.9m as a result of fitout costs for new stores F
Slide 6: Store Growth
Store Growth For personal use only Nick Scali Furniture • Two new stores opened during the year - Warrawong (NSW) and Springvale (VIC) • This brings the store network to 30 stores as at 30 June 2012 • Two new stores committed for the first half of the 2013 financial year – Bankstown (NSW) and Marooc
Slide 7: Outlook – FY13
Outlook – FY13 For personal use only • Strong written orders in the final quarter of FY2012, helped by interest rate cuts and possibly the carbon tax compensation payments • July written orders up on last year, but down on same stores • Consumers may continue to save rather than spend, causing tradi