Nick Scali Limited · ASX:NCK
Nick Scali — FY2004 Earnings Presentation
9 slides from Nick Scali's earnings presentation, Aug 30, 2004
Slide 1: Results Presentation Year Ended 30 June 2004
i ge LL NE I ‘scalli IC iT UR E Results Presentation Year Ended 30 June 2004 a ee a) 2 eS _
Slide 2: FY2004 Highlights
FY2004 Highlights ® Successful listing on the ASX in May 2004 @ Exceeded FY2004 prospectus forecasts: Stat Exceeded Actual Forecast fcast b 418 Sales revenue ESI 86 NPAT 62 @ Strong sales revenue growth of 20%, including same store growth of 14.1% @ NPAT growth of 50% compared to FY2003 (excluding p
Slide 3: Financial performance — actual versus forecast
Financial performance — actual versus forecast Year Ended 30 June ($m) Sales revenue @® Sales across each store were generally ahead of expectations “Gross profit Other income Operating expenses. EBITDA “Depreciation “EBIT ® Gross margin was assisted by a stronger A$ - particularly in the second hal
Slide 4: Financial performance — FY 2004 vs FY2003
Financial performance — FY 2004 vs FY2003 PY06 FYO3 Year Ended 30 June ($m) Actual Actual E : @ Revenue growth of 20.1% included: Sales revenue “ ~ Same-store sales growth of Gross profit : . 14.1% 3 F : ~ Full year contribution from Gold Coagt store (opened Dec 2002) ~ initial contribution from Fys
Slide 5: Cash flow
Cash flow FY04 Year Ended 30 June ($m) Actual EBITDA 3.8 Net interest income tax paid Working capital / other Net operating cash ft Capital expenditure Net investing cash flow Equity issue (net of costs) 3.4 Payments to related parties (8.4) ; Other On, Net financing cash flow Net cash flow 0.0
Slide 6: Financial position
Financial position Year Ended 20 June ($m) Actual Cash Receivables @ Cash balance consistent with balance af Jun o2. 2003 inventories @ Borrowings primarily relate fo refinanced letters of credit (in US$) hedged by forward exchange contracts Other assets Total assets 74 interest bearing liabilities
Slide 7: Outlook
Outlook Fyshwick, ACT store (opened 1 April 2004) performing ahead of expectations ~ Sales orders ahead of expectations (but did not contribute materially to FY2004 profit as revenue recognised when goods are delivered to customers) On track to apen 2 new QLD stores in Fortitude Valley and Aspley by
Slide 8: Questions
Questions Contact Details Anthony Scali (MD) Bernard Hui (CFO) 3-9 Birnie Ave, Lidcornbe NSW 2141 Phone: (02) 9748 4000 Fax: (02) 9748 4022
Slide 9: Nick Scali Profile
Nick Scali Profile Product focus Jarget Market Product Sourcing Retailing Distribution Centres Advertising/Brand