Nelly Group

INVESTOR

PRESENTATION

Q 2 2 0 2 4

1 2 July 2 0 2 4

Nelly Group Q2 2024

Presentation

Helena Karlinder-Östlundh

Niklas Lingblom

CEO

CFO

ir@nelly.com

www.nellygroup.com

Agenda

  • This is NELLY
  • CEO's comments on the quarter
  • Financial summary
  • Q&A

CEO's comments Q2 2024

  • Net revenue growth
  • Improved profitability
  • Strong spring / summer season
  • Strategic collaborations
  • Investment in marketing
  • New core systems live

Growth in the second quarter

Net revenue (SEK million)

450

400

387

350

+8.8%

339

300

314

288

289

302

284

250

-5.1%

236

234

222

200

150

100

50

0

Q1

Q2

Q3

Q4

2022 2023 2024

Solid profitability and cost control

Operating profit/loss (SEK million) and

Operating margin (%)

40

20%

30

30

15%

24

20

10%

13

10

8

5%

1

0

0%

-2

-10

-5%

-12

-20

-10%

-19

-24

-30

-15%

-34

-40

-20%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2022

2022

2022

2022

2023

2023

2023

2023

2024

2024

Q2 2024 - Income statement

(SEK million)

Q2 24

Q2 23

Net revenue

314.1

288.6

Gross profit

171.9

141.4

Gross margin

54.7%

49.0%

Warehousing and distribution costs

-42.1

-48.9

Marketing costs

-40.9

-29.3

Admin and other operating expenses

-58.5

-55.4

Operating profit or loss

30.5

7.7

Operating margin

9.7%

2.7%

+30.5

-6.8

+11.6

+3.1

+22.8

  • = delta vs. LY

Q2 2024 - Additional financial KPIs

Return Rate (%)

45%

41%

40%

38%

38%

36%

34%

35%

33%

33%

35%

31%

32%

30%

25%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2022 2022 2022 2022 2023 2023 2023 2023 2024 2024

Continued return rate improvement

  • Impact of strategic initiatives
  • Driving lower operational costs
  • Contributing to topline growth

Q2 2024 - Additional financial KPIs

Solid cash position to end Q2

• Strong cash flow from operations

Cash flow from operations (SEK million)

150

106

100

92

77

50

43

50

• Investments in IT infrastructure

0

-5

-50

-14

• Improved equity ratio

-54

-100

-150-137

-63

Q1

Q2

Q3

Q4

2022 2023 2024

Q&A

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Disclaimer

Nelly Group AB (publ) published this content on 16 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2024 13:59:08 UTC.