Komplett Asa · OSL:KOMPL
Komplett Asa — Q4 2024 Earnings Presentation
16 slides from Komplett Asa's earnings presentation, Feb 13, 2025
Slide 1: Fourth quarter 2024
s$ KOMPLETT°GROUP Fourth quarter 2024 Jaan lvar Semlitsch, CEO Thomas Rokke, CFO 13 February 2025
Slide 2: Disclaimer
| Disclaimer This presentation has been prepared by Komplett ASA (the “Company’) solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This presentation includes forward-looking statements which are based on our
Slide 3: Q4-24 Highlights
| 94-24 Highlights Strong black-week and peak execution Solid peak season in key markets and categories ‘oY growth in per cent _] YoY growth in per cent a Market! let Retailers? YoY growth in per cent | ™% Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Shift YoY in Shift OY in Easter holidays B
Slide 4: Q4-24 Key financials
| 04-24 Key financials Financial performance reflecting a more supportive market © Improved market conditions and solid execution, especially during Revenue Gross margin the peak season, resulted in a3.1 per cent revenue growth 4734 4883 0% "0% soi ayy 138% © Stable gross margin performance and impr
Slide 5: Q4-24 Key initiatives
| 04-24 Key initiatives Continued progress on strategic agenda presented at the capital markets day net@net © Two new store openings in 04 in Bergen and Sédertalje © Positive momentum for NetOnNet in Norway © Trondheim to openin March 2025 o Brand value proposition strengthened and good traction fro
Slide 6: Financial performance
SxS s\* ~ < e _ «Financial pérforma o 4 e . e © > < < wd ° 3 e < + ‘Thomas Rokke, CFO ° a
Slide 7: Key financials
| Key financials Increased sales driven by peak season o 3.1per cent revenue increase o Improved market dynamics from solid black week and peak execution © Receding headwinds in gaming and computing from new product launches Revenue Gross profit 4953 GID 665 BI 4T34 © Gross margin relatively steady
Slide 8: B2C: Receding headwinds in core categories
B2C Receding headwinds in core categories 3513 3677 o Revenue increase of 4.7 per cent YoY (+4.5 per cent LFL) co Increase in Norway of +17.0 per cent, including effects from 2392 2543 new store openings in 2024, +0.6 per cent in Sweden anda 2.265 decline in Denmark of -22.4 per cent (LFL, YoY) o Su
Slide 9: B2B: High peak season activity
B2B High peak season activity 395 417 422 I : : : [ 04-23 Q1-24 02-24 03-24 04-24 fl Revenue (NOK million) @ Gross margin(%) 26 24 19 7 a ? 04-23 Q1-24 02-24 03-24 04-24 Ml EBIT(NOK million) @ EBIT margin(%) o Revenue increase of 6.9 per cent (+6.8 per cent LFL) © +6.9 per cent in Norway, +6.5 per c
Slide 10: Distribution: Stable margins in a soft demand environment
Distribution Stable margins in a soft demand environment o Revenue decline of -4.9 per cent (-5.0 per cent LFL) o Revenue decline of -5.1 per cent in Norway, -2.6 per cent in 826 795 786 696 °s0 Sweden (YoY, LFL) co Weak order intake due to cautious spending patterns among SMEs, leading to softer de
Slide 11: Cash flow & working capital
Cash flow & working capital Net working capital significantly reduced Net cash flow from operating activities 660 251 Net cash used in investing activities | -60 | -84 Net cash used in financing activities, $= 180,105 Net change in cash and cash equivalents 470 62 Inventory 2048 Trade receivables -
Slide 12: Financial position
| Financial position Continued solid liquidity and good headroom to covenant in the quarter Liquidity reserve 04-23 1726 04-24 3.9x 3.3x 3.0x | a : Leverage ratio Net interest-bearing debt 1178 4-23 01-24 02-24 NIBD/LTM EBITDA 03-24 04-24 04-24 © Continued strong liquidity reserve of NOK 1.7bn © Str
Slide 13: Slide 13
Slide 14: Key takeaways
l Key takeaways A more positive end to a challenging year @ kompPtett’GRouP ° Receding headwinds in computing and gaming and solid execution of black week campaigns Commercial initiatives and positive mix effects resulted inastable margin development, despite strong competition and high campaign act
Slide 15: Outlook
Outlook i$ KOMPLETT’GROUP Early market signs point to improved dynamics ahead Key indicators on the balance point towards increasing demand, but market conditions and consumer behaviour remain unpredictable New product launches expected to be a positive demand driver into 2025 Competition remains in
Slide 16: Alternative Performance Measures (APMs)
| Alternative Performance Measures (APMs) The APMsusedby KonplettGrouparedetinedassetutbelow: tabtyestieg Reconitation ‘ther aunentouiussinsccurencewtoan esenmngpnsgen wlth port sich es ‘onary core tent mons csi car on reais keno ‘roms prt: Total operating eveneless cos of goad Sle. The tou has pres