New Wave Group Ab Class B · OMXSTO:NEWA_B
New Wave Group Ab Class B — Q3 2020 Earnings Presentation
27 slides from New Wave Group Ab Class B's earnings presentation, 2020
Slide 1: Interim report January - September
Interim report ome aes
Slide 2: New Wave Group is a growth group that designs, acquires and develops brands
NWG / / THE WORLD Sales acitivity in own subsidiary New Wave Group is a growth group that designs, acquires and develops brands. To ensure good risk diversification, the Group will market its products in Own purchasing offices the promo market and the retail market.
Slide 3: Segments and sales channels
NWG // S E G M E N T S A N D S A L E S C H A N N E L S Our brands are categorized according to which of our three operating segments it belongs to: Corporate, Sports & Leisure or Gifts & Home Furnishings. The brands are distributed in both the promo market and the retail market to achieve good risk
Slide 4: The segments: Corporate
| : Ee . Heald Eg SIELE: ling segment is to idling supplier of promotional products ‘ons in Europe and one of the leading n the United States by offering companies a cl range, strong anced clusive
Slide 5: The segments: Sports & Leisure
NWG // THE SEGMEN » Sports & L The vision for the Sports & Lei: Sod segment involves establishing C, world-leading sportswear brand, and mak & Buck a world-leading golf apparel i 3 3 <a . The brand Auclair should take a leading p ZS Tm <- gloves in Europe and we will also use Pa i == strong distribu
Slide 6: The segments: Gifts & Home Furnishings
NWG // THE SEGMENTS Gifts & The vision for the Gifts & Home Me, ishi operating segment is to make Orrefors an Boda world-leading glass and crystal suppliers. Part of the vision also involves utilising innovative and playful design to make Sagaform a prominent é player in Northern Europe promo and y
Slide 7: The quarter
NWG // T H E Q U A R T E R
Slide 8: The quarter
NWG // THE QUARTER The quarter * Some recovery, but demand still lower — COVID-19 Cost savings result in improved operating margin and the highest operating result ina third quarter ever * Strong cash flow, improved liquidity and further decreased net debt
Slide 9: July - September
NWG // F I N A N C I A L I N F O R M A T I O N July - September
Slide 10: Financial information: Q3 2020 sales
NWG // F I N A N C I A L I N F O R M A T I O N 2020 1 800 1 600 • Sales amounted to SEK 1,470.1 1 400 (1,685.5) million 778,5 1 200 613.6 • Sales decreased by 13 % (9% in local currencies) 1 000 800 • Promo sales channel decreased 6 %, retail 21 % 600 400 856.6 907.0 200 0 Q3 -2020 Q3 -2019
Slide 11: Financial information: Q3 sales by segment
NWG // F I N A N C I A L I N F O R M A T I O N 900 800 6.1 17.9 700 600 500 603.6 400 703.9 701.9 438.8 300 200 100 168.7 157.0 182.3 122.7 30.0 0 22.8 Q3 -2020 Q3 -2019 Q3 -2020 Q3 -2019 Q3 -2020 Q3 -2019
Slide 12: Q3 sales by region and segment
NWG // F I N A N C I A L I N F O R M A T I O N Corporate Sports & Leisure Gifts & Home Total Furnishings SEK million Jul - Sep Jul – Sep Jul - Sep Jul – Sep Jul - Sep Jul – Sep Jul - Sep Jul – Sep Change 2020 2019 2020 2019 2020 2019 2020 2019 % USA 44.3 58.3 201.9 380.0 9.6 13.1 255.8 451.4 -43% Sw
Slide 13: Q3 income statement
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jul – Sep Jul – Sep 2020 2019 2020 Net sales 1 470.1 1 685.5 • Gross profit margin amounted to 42.6 (45.2)% Goods for resale -843.9 -923.2 ― Larger share of trading shipments Gross profit 626.2 42.6% 762.3 45.2% • External costs and personne
Slide 14: Q3 operating result by segment
NWG // F I N A N C I A L I N F O R M A T I O N 2020 Corporate ― Slightly lower net sales 100,0 89.9 87.6 ― Increased sales in Other countries, decreases in other regions 80,0 72.1 Q3 - 2020 ― Lower gross profit margin Q3 - 2019 ― Cost savings 60,0 Q3 - 2020 44.8 Sports & Leisure 40,0 ― Lower net sal
Slide 15: Q3 cash flow
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jul – Sep Jul – Sep 2020 2019 Cash flow from operating activities before changes in working capital 218.9 149.9 Change in working capital 64.3 -281.0 Cash flow from operating activities 283.2 -131.1 Investing activities -8.6 -32.6 Cash flow
Slide 16: Financial position
NWG // F I N A N S I E L L I N F O R M A T I O N Sep Sep 2020 2019 MSEK Equity 3 860.3 3 736.3 Equity ratio, % 49.0 44.0 Net debt, SEK million 2 396.4 3 093.5 Net debt to credit institutes, SEK million 1 629.8 2 401.5 Available credit 1 503.4 846.7 Equity per share, SEK 58.02 56.07
Slide 17: January - September
NWG // F I N A N C I A L I N F O R M A T I O N January - September x
Slide 18: Financial information: Jan-Sep 2020 sales
NWG // F I N A N C I A L I N F O R M A T I O N 6 000 2020 5 000 • Sales amounted to SEK 4,225.6 (4,879.3) million 4 000 2,030.5 • Sales decreased by 13 % (same in 1,529.4 local currencies) 3 000 • Promo sales channel decreased 5 %, retail 25 % 2 000 2,696.2 2,848.9 1 000 0 Jan - sep 2020 Jan - sep 2
Slide 19: Jan-Sep sales by segment
NWG // F I N A N C I A L I N F O R M A T I O N 2 500 15.6 47.9 2 000 1 500 1,565.4 2,235.8 2,207.0 1 000 1,110.8 500 550.3 403.0 417.2 374.5 85.8 0 91.6 Jan - sep 2020 Jan - sep 2019 Jan - sep 2020 Jan - sep 2019 Jan - sep 2020 Jan - sep 2019
Slide 20: Jan-Sep sales by region and segment
NWG // F I N A N C I A L I N F O R M A T I O N Corporate Sports & Leisure Gifts & Home Total Furnishings SEK million Jan - Sep Jan – Sep Jan - Sep Jan – Sep Jan - Sep Jan – Sep Jan - Sep Jan – Sep Change 2020 2019 2020 2019 2020 2019 2020 2019 % USA 126.1 164.1 631.5 1 087.1 33.0 35.2 790.7 1 286.4
Slide 21: Jan-Sep income statement
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jan – Sep Jan – Sep 2020 2019 2020 Net sales 4 225.6 4 879.3 • Gross profit margin amounted to 41.9 (46.3)% Goods for resale -2 453.8 -2 621.8 ― Larger share of trading shipments Gross profit 1 771.7 41.9% 2 257.5 46.3% ― Lower gross profit
Slide 22: Jan-Sep operating result by segment
NWG // F I N A N C I A L I N F O R M A T I O N 2020 Corporate ― Net sales in line with the previous year 250,0 209.1 ― Several major trading orders 194.7 ― Increased sales in Southern Europe and 200,0 Jan-Sep 2020 Other countries, decreases in other 137.9 Jan-Sep 2019 regions 150,0 ― Lower gross pro
Slide 23: Jan-Sep cash flow
NWG // F I N A N C I A L I N F O R M A T I O N SEK million Jan - Sep Jan – Sep 2020 2019 Cash flow from operating activities before changes in working capital 331.8 342.9 Change in working capital 317.3 -530.2 Cash flow from operating activities 649.1 -187.3 Investing activities -50.3 -106.5 Cash fl
Slide 24: Key ratios
NWG // F I N A N C I A L I N F O R M A T I O N Jul – Sep Jul – Sep Jan – Sep Jan – Sep 2020 2019 2020 2019 Net sales growth, % -12.8 8.7 -13.4 12.2 Average number of employees 2 085 2 592 2 085 2 592 Gross profit margin, % 42.6 45.2 41.9 46.3 Operating margin before depreciations, % 15.8 11.0 10.3 9
Slide 25: CEO comments
NWG // C E O C O M M E N T S July – September • Net sales decreased by 13%, but with the current market situation it is still a good result. • Operating result increased to SEK 176.3 (129.1) million, and the operating margin improved from 7.7% to 12.0%. We achieved our highest operating result ever
Slide 26: NWG //
NWG // We strive to make everyone who buys our products a happy customer. [f you choose to incest in New Wave Group we want you to know that we pronase to take care of your investment in the best possible way we can through long term thinking, growth, stability and hard work!
Slide 27: NWG //
NWG //