Elektroimportoren As · OSL:ELIMP
Elektroimportoren As — Elektroimportøren — Q1 2023 Earnings Presentation
15 slides from Elektroimportoren As's earnings presentation, May 3, 2023
Slide 1: Elektroimportøren 1st quarter presentation May 3rd 2023
Elektroimportøren 1st quarter presentation May 3rd 2023 Andreas Niss CEO Jørgen Wist CFO
Slide 2: Summary of key financials Q1
Summary of key financials Q1 • Revenue of NOK 383 million (367) up 4.1%. • Total like-for-like sales have been reduced with 3.2%. • B2B sales increased with 1.4% compared to last year while B2C sales increased with 14.5%. • B2B share of total sales was 50% (53%). • Total sales of Spoton NOK 9 millio
Slide 3: Operational update
Operational update Growth in the quarter is driven by the inclusion of Elbutik, new stores, Spoton and smart home products Reduction in sales compared to last year in like-for-like stores strongly affected by decline in EV chargers Gross margin percentage is being reduced mainly due to the inclusion
Slide 4: Elbutik Scandinavia
Elbutik Scandinavia Q1 sales of NOK 31 milliion Reported EBITDA NOK -1 million Preperations for the opening of our first store in Sweden have been top priority Organization coming into place We continue to do long term investments in people, stores and logistic facilities. Operational excellence and
Slide 5: Namron SOB for Q1 is at 32.9% (Norway)
Namron SOB for Q1 is at 32.9% (Norway) Good development but GM% slightly down due to higher freight costs and weak NOK vs USD Sweden SOB 2.6% Work continues to increase SOB in Sweden First indications from store opening confirms that SOB in store is much greater than online
Slide 6: Spoton total sales in Q1
Total sales in Q1 NOK 9 million (6) Exploring the opportunities to use the Spoton platform in other craftsman areas Adding new installation partners and inspectors
Slide 7: Spoton fully digital ordering and sales development
Fully digital ordering 14 11,7 12 Multiple choice of products 10 9,4 9 Fixed price for product and 8 7,4 installation 6 6,1 Confirmation of time and 4 appointment 2 Certified electricians 0 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 As promised - Guaranteed Salesdevelopment MNOK
Slide 8: EV Chargers
EV Chargers Easee salesban in Sweden effective from mid March Range of EV chargers have been extended but it has not been possibe to fully replace the shorage in demand for Easee Shortage of supply from other suppliers Q1 sales 31 MNOk -30% Easee sales from week 7 to week 13 -74% (-14 MNOK) Other ch
Slide 9: Solar
Solar Launch of solar products was done in Q1 Conducting trainings for internal personell and for our professional customers First customers have received their products and reception is good. Total sales in the quarter of NOK 9 million Expect sales in Q2 and Q3 to be considerably higher
Slide 10: Revenues
Revenues Revenue bridge Q1 2022 to Q1 2023 Sales Online New Elbutik Sales Qi stores stores Qi 2022 Norway Norway 2023
Slide 11: Gross margin
Gross margin Gross margin (%) 37,3% 37,6% 37,3% 37,3% i) . al Q2 Q3 Q4 Full year ©2022 ™ 2023
Slide 12: OPEX
OPEX Opex bridge Q1 2022 to Q1 2023 Opex New Elbutik Other Opex Qi stores Ql 2022 Norway 2023
Slide 13: EBITDA
EBITDA EBITDA bridge Q1 2022 to Q1 2023 Ee a EBITDA LFL Online Elbutik Other EBITDA Qi stores Qi 2022 Norway 2023
Slide 14: Events after the period and outlook
Events after the period and outlook The market continues to be challenging, but we are still optimistic about the opportunities we see in our growth areas Solar, Sweden and SpotOn. Demand for solar products are high and we reach both current and new customers with this product category. We opened ou
Slide 15: Q&A
Q&A == Elektroimportoren