Slide 1: Interim report July - September 2016
Craft Interim report July - September 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 the wholly owned brands Craft and Seger as international functional sportswear brands, and making Cutter & Buck a world-leading golf apparel brand. The vision also entails to strengthening Speed
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: July - September 2016
Clique Cottover Jobman July - September 2016 Sales SEK 1 300 million (1 272) Sales increased 2% (2% in local currencies) Corporate Promo 9%, Sports & Leisure -3%, Gifts & Home 4% Improvements primarily in Sweden (promo), Other Nordic countries, Europe Promo sales channel 9%, retail -4% S
Slide 9: July – September 2016: Sales per area
July – September 2016 Sales per area JUL-SEP Part of JUL-SEP Part of Change % 2016 turnover 2015 turnover MKR Sweden 279.5 21% 271.1 21% 8.4 3 USA 379.4 29% 403.4 32% -24.0 -6 Nordic countries excl Sweden 197.8 15% 168.3 13% 29.5 18 Central Europe 229.2 18% 220.0 17% 9.2 4 Southern Europe 114.0 9% 1
Slide 10: Sales
2011 ©2012 2013 2014 2015 m2016
Slide 11: July – September 2016
July – September 2016 J.Clique Harvest & Frost Ahead Gross profit margin amounted to 46.7% (45.1) Improvement in all segments Total costs amounted to SEK -476.8 million (-475.8) Savings in external costs while we have increased the number of employees within sales and customer service. Ope
Slide 12: Income statement
July – September 2016 Income statement Jul-Sep Jul-Sep SEK Million 2016 2015 Income 1 300.4 1 272.0 Goods for resale -693.3 -697.8 Gross profit 607.1 46.7% 574.2 45.1% Other operating income 14.5 22.1 External costs -268.5 -273.0 Personnel costs -208.3 -202.8 Depreciation/amortization -14.1 -13.7 Ot
Slide 13: EBITDA per operating segment
July - September 2016 EBITDA per operating segment Corporate Promo amounted to SEK 36.9 million (26.6) Higher turnover Improved gross margin % Higher costs Sports & Leisure amounted to SEK 93.5 million (77.8) Lower costs Gifts & Home Furnishings amounted to SEK 8.6 million (5.6) High
Slide 14: Result before tax
Result before tax 150 Qi Q3 a4 2011 m2012 @ 2013 m2014 2015 m2016
Slide 15: Cash flow
July - September 2016 Cash flow Jul-Sep Jul-Sep SEK Million 2016 2015 Cash flow from operating act. before changes in working capital 116.2 73.8 Changes in working capital -100.7 -235.0 Cash flow from operations 15.5 -161.2 Investing activitites -25.8 -15.1 Cash flow after investing activities -2.9
Slide 16: CEO summary - quarter
CEO summary - quarter Sales Lower sales than my expectations. Despite this, the highest sales in a third quarter ever Sales channel promo 9% Sales channel retail -4% Result Gross profit margin increased and costs under control Operational result improved 30% (SEK 28.6 million) to SEK
Slide 17: January - September 2016
Clique Cottover January - September 2016 Sales SEK 3 688 million (3 559) Sales increased 4% (5% in local currencies) Corporate Promo 10%, Sports & Leisure -2%, Gifts & Home 4% Improvements primarily in the regions Sweden (promo), Other Nordic countries and Europe Promo sales channel 9%, re
Slide 18: January – September 2016: Sales per area
January – September 2016 Sales per area JAN-SEP Part of JAN-SEP Part of Change % 2016 turnover 2015 turnover MSEK Sweden 817.4 22% 776.1 22% 41.3 5 USA 1 008.0 27% 1 044.9 29% -36.9 -4 Nordic countries excl Sweden 552.6 15% 501.5 14% 51.1 10 Central Europe 690.5 19% 636.2 18% 54.3 9 Southern Europe
Slide 19: January – September 2016
January – September 2016 J.Clique Harvest & Frost Ahead Gross profit margin amounted to 45.9% (45.1) Improvement in all segments. Improved service and changed purchase channels in Gifts & Home furnishings Total costs amounted to SEK -1 436.6 million (-1 422.1) more personnel in sales and cus
Slide 20: Income statement
January – September 2016 Income statement Jan-Sep Jan-Sep SEK Million 2016 2015 Income 3 688.5 3 559.4 Goods for resale -1 994.6 -1 952.6 Gross profit 1 693.9 45.9% 1 606.8 45.1% Other operating income 36.1 39.2 External costs -797.9 -802.0 Personnel costs -638.7 -620.1 Depreciation/amortization -40
Slide 21: EBITDA per operating segment
Sagaform January - September 2016 EBITDA per operating segment Corporate Promo amounted to SEK 140.9 million (88.1) Higher turnover Improved gross profit margin Sports & Leisure amounted to SEK 139.5 million (113.3) Lower marketing costs Gifts & Home Furnishings amounted to SEK -6.5 mill
Slide 22: Cash flow
January - September 2016 Cash flow Jan-Sep Jan - Sep SEK Million 2016 2015 Cash flow from operating act. before changes in working capital 201.4 119.2 Changes in working capital -33.4 -365.2 Cash flow from operating activities 168.0 -246.0 Investing activitites -65.1 -82.4 Cash flow after investing
Slide 23: Financial highlights – summary 5 years
Financial highlights – summary 5 years Jan-Sep Jan-Sep Jan-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 2016 2015 2015 2014 2013 2012 2011 Sales growth, % 3.6 18.1 16.2 5.6 -5.4 1.0 -0.2 Number of employees 2 397 2 361 2 358 2 212 2 123 2 258 2 470 Gross profit margin, % 45.9 45.1 45.1 45.7 46.2 43.6 47.7 Op
Slide 24: CEO summary January - September
Jobman CEO summary January - September Sales Increased by 4% Result Operating result increased by 59% to SEK 233.2 million (146.8). Balance sheet and cash flow Strong balance sheet with an equity ratio of 45.4% Cash flow from operations amounted to SEK 168.0 million (-246.0)
Slide 25: Cutter & Buck
Cutter & Buck 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!