Rvrc Holding Ab · OMXSTO:RVRC
Rvrc Holding Ab — Q1 2025 Earnings Presentation
20 slides from Rvrc Holding Ab's earnings presentation, Nov 5, 2024
Slide 1: Q1 Presentation July – September 2024/25
Q1 PRESENTATION July – September 2024/25 RVRC Holding AB (publ)
Slide 2: Presenters
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 PRESENTERS 2
Slide 3: This is RevolutionRace
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 THIS IS REVOLUTIONRACE INTERNATIONAL DIGITAL D2C FACILITATES FACTS STRONG CUSTOMER SOLID FINANCIALS OUTDOOR BRAND AFFORDABLE QUALITY OFFERING •Launched: 2014 COMMUNITY •Pants Net sales •Listed since: 2021 +1,900,000 •Jackets •HQ: Borås,
Slide 4: The world is our playground
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 THE WORLD IS OUR PLAYGROUND Available to customers in ~40 countries 18 3 Unique webshops Local 3PL warehouses Local webshop 3PL Warehouse Production countries ~130 +25 Global site HQ FTEs Suppliers 4
Slide 5: Net sales development
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 NET SALES DEVELOPMENT • Net sales amounted to SEK 350m in Q1 compared to SEK 342m Q1 LY • Growth in net sales Q1 amounted to +3% compared to LY • Growth in net sales Q1 in local currency amounted to +5% compared to LY 5
Slide 6: Growth in a challenging international market
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 GROWTH IN A CHALLENGING INTERNATIONAL MARKET Share of net sales by region in the fourth quarter Regional Net sales development (SEKm) and growth (%) • 75% of Net sales generated outside the Nordics • DACH growth of 5% YoY ( 8% in local
Slide 7: Q1 Highlights
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 Q1 HIGHLIGHTS Continued growth • Strong growth in several markets, such as the United Kingdom • Outperforming and increasing market share in several strategic markets Increased market investments • Gross margin of 70.0 percent • EBIT 57
Slide 8: Customer reviews and SoMe followers
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 +660,000 customer reviews +1,900,000 SoMe followers 8
Slide 9: Expanded product portfolio
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 EXPANDED PRODUCT PORTFOLIO 9
Slide 10: Financial performance
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 FINANCIAL PERFORMANCE 10
Slide 11: Gross profit and margin
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 GROSS PROFIT AND MARGIN • Gross profit in Q1 amounted to SEK 245 (247)m • Gross margin in Q1 was 70.0 (72.2) percent 11
Slide 12: Personnel and other external expenses
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 PERSONNEL AND OTHER EXTERNAL EXPENSES • The average number of FTEs for the quarter was 132 (117) and personnel expenses as share of net sales were in line with Q1 23/24 • Other external expenses as share of net sales were in line with Q
Slide 13: EBIT
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 EBIT • EBIT and Adjusted EBIT margin was 16.3 percent in Q1, compared to 19.5 percent in Q1 23/24 • The LTM adjusted EBIT margin amounts to 20.5 percent 13
Slide 14: Balance sheet & net working capital
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 BALANCE SHEET & NET WORKING CAPITAL SEKm 30/09/2024 30/06/2024 30/09/2023 Intangible Assets 802 802 797 Tangible Assets 13 14 16 Deferred Tax 2 2 2 Current Assets 780 800 733 Total Assets 1,597 1,618 1,547 Equity 1,229 1,252 1,190 Long-
Slide 15: Inventory development
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 INVENTORY DEVELOPMENT • Inventory has increased by SEK 79m compared to Q1 LY • Inventory has increased by SEK 129m compared to Q4 23/24, primarily relating to Goods in warehouse and in transit 15
Slide 16: Cash flow & financial position
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 CASH FLOW & FINANCIAL POSITION • Solid cash position of SEK 142m and net cash position of SEK 131m as of Sep 30 – cash adjusted for lease liabilities of SEK 11m • Cash flow from operating activities of SEK -82m as a consequence primaril
Slide 17: Dividend per share and pay-out ratio
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 Dividend per share and pay-out ratio Dividend policy RevolutionRace intends to distribute surplus capital to shareholders after considering long-term financial stability, growth opportunities and strategic initiatives. With these consid
Slide 18: The RevolutionRace continues
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 The RevolutionRace continues “We continue to gain market shares and the end of the first quarter had higher sales growth than for the full quarter. We are now looking forward to the most important period of the year and note that the sa
Slide 19: Nature is our playground!
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 NATURE IS OUR PLAYGROUND! 20
Slide 20: Important information
RVRC HOLDING AB (PUBL) Q1 PRESENTATION 2024/25 NOVEMBER 5, 2024 IMPORTANT INFORMATION This presentation may contain forward-looking statements. All statements other than statements of historical fact included in the presentation are forward-looking statements. Forward-looking statements give the com