Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — Qliro Group — Q1 2020 Earnings Presentation
12 slides from Nelly Group Ab's earnings presentation, Apr 21, 2020
Slide 1: Qliro Group – Q1 Report
Qliro Group – Q1 Report Marcus Lindqvist, CEO April 21, 2020
Slide 2: Split up of the group will be done, but delayed due to market conditions
Split up of the group will be done, but delayed due to market conditions • External merchants +101% • Sales in the Nordics +6% • Loan book +38% • Gross sales +17% • Total sales +1% on a very • Income +12% • Commission revenue +52% weak market • Volumes +13% • Gross margin 24% • Focus on Nordics and
Slide 3: Ready for listing on Nasdaq Stockholm
Ready for listing on Nasdaq Stockholm Onboarding of new merchants Payment business volume grew 13%, positively affected by onboarding of new merchants, 41 now versus 33 a year ago SEKm Q1 20 Q1 19 Δ Total operating income grew 12%, faster than operating Total operating income 96.4 86.0 12% expen
Slide 4: Loan book reached SEK ~2 billion
Loan book reached SEK ~2 billion Grown 44 percent per annum during last two years Loan book grew 38%, driven by both 2,111 e-commerce volumes and digital Loans to the public, Payment 2,070 2,044 1,985 banking Loans to the public, Digital banking 1,815 1,777 1,671 Externally financed, credit facili
Slide 5: CDON’s external merchants doubled sales
CDON’s external merchants doubled sales Strong momentum External merchants increased sales SEKm Q1 20 Q1 19 Δ 101%, leading to a growth in External GMV development External merchants 302.6 150.8 101% commission income with 52% CAGR 16’-20’ Gross sales 461.2 394.5 17% External volumes and drop sh
Slide 6: Nelly grew in the Nordics on a very weak market
Nelly grew in the Nordics on a very weak market Action program launched to increase efficiency SEKm Q1 20 Q1 19 Δ Sales grew 6% in the Nordic region and 1% in total, while the fashion market in Sweden dropped 39% in March Net Sales 305.3 302.4 1% Initiated strategy to transform the business into
Slide 7: Financials
Financials Mathias Pedersen, CFO 7 7
Slide 8: Consolidated income statement
Consolidated income statement Lower gross margin, impacted by Covid-19 • Net sales decreased to SEK 592m (SEK 653m) in the quarter as growth in Qliro was offset by SEKm Q1 20 Q1 19 the effects of CDON’s continued phaseout of own inventory-based sales Net sales 591.5 652.9 • Exchange rate fluctuation
Slide 9: E-commerce cash flow
E-commerce cash flow Seasonally weak cash flow 314 • Net inventory increased with SEK 4m 40 -36 during the quarter as Nelly increased its 4 -87 inventory before the spring/summer period following the usual seasonal pattern. CDON’s continued its phase out of own inventory 169 -5 1 • Other operating n
Slide 10: E-commerce balance sheet
E-commerce balance sheet SEKm Credit facility for E-commerce 876 876 Cash 169 217 Accounts payable • E-commerce net cash amounted to SEK 68m Accounts receivables 41 • Credit facility of SEK 101m utilized during the Other receivables 72 quarter 256 Other operating debt • CDON’s continued transformati
Slide 11: Qliro AB’s balance sheet
Qliro AB’s balance sheet Focus on further expansion SEKm 2,728 2,728 73 2 3 Cash 129 Accounts payable • Payment services loan book amounted to SEK Other receivables 370 Other liabilities 1,233m and personal loans to SEK 812m Current investments • Public deposits increased with 70% to SEK 1,638m • SE
Slide 12: THANK YOU
THANK YOU Next report released July 15 Nasdaq symbol QLRO Qliro Group AB (publ.) Box 195 25 SE-104 32 Stockholm +46 (0)10 703 20 00 ir@qlirogroup.com