Published on July 3, 2009
Annual General Meeting June 17, 2009
Sam Baio President & CEO
Forward-Looking Statements Certain statements in this presentation are forward-looking and are subject to important risks, uncertainties and assumptions concerning future conditions that may ultimately prove to be inaccurate and may differ materially from actual future events or results. Forward-looking statements are based on estimates made by management of West 49 Inc. based on current information. These are not formal forecasts or projections of future results and have not been derived from any pro forma financial statements now have been audited or reviewed by any third party. You are reminded not t place undue reliance on these forward-looking statements, which speak only as of the date hereof. West 49 Inc. shall undertake no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstance that occur after the date hereof or to the occurrence of unanticipated events. 3
FY 2009 in Review • Volatile Canadian $ • Cross-border shopping • Minimum wage increases • Troubling economy 4
FY 2009 in Review • Best brands on Earth, lowest prices ever • Platinum Club sales incentive program • Ontario no-tax event 5
FY 2009 in Review 6
FY 2009 in Review • Shut down Duke’s Northshore • Centralized all functions for the Off The Wall banner into our Burlington head office 7
A Strong Start to FY 2010 • Continued top line growth • Higher gross margin • Benefited from focus on expense management • Narrowed loss from a year ago 8
Rhonda Biddix CFO & Corporate Secretary
Financial Review — FY 2009 • Goodwill & intangible asset impairment charge = $12M • Impairment related to Duke’s Northshore = $0.9M 10
Financial Review — FY 2009 Net Sales FY 2009 = $210.4M FY 2008 = $204.9M Comparable Store Sales Consolidated = -0.4% West 49 banner = +0.1% Gross Margin FY 2009 = $46.8M FY 2008 = $52.4M 11
Financial Review — FY 2009 Normalized EBITDA FY 2009 = $3.4M FY 2008 = $8.8M Normalized Net Income (Loss) FY 2009 = ($2.6M) FY 2008 = $1.5M Income (Loss) Per Share, Normalized FY 2009 = ($0.04) FY 2008 = $0.02 12
Financial Review — Q1 2010 Net Sales Q1 2010 = + $40.8M + 4.9% Q1 2009 = + $38.9M Comparable Store Sales Consolidated = +2.9% West 49 banner = +7.7% 13
Financial Review — Q1 2010 Gross Margin Q1 2010 = + $7.4M + $2.6M Q1 2009 = + $4.8M Gross Margin Rate* Q1 2010 = + 18.1% + 580 bps Q1 2009 = + 12.3% • Improved product margins • Improved focus on inventory and merchandising 14 * As a rate to net sales
Financial Review — Q1 2010 EBITDA (Loss) Q1 2010 = ($2.2M) Q1 2009 = ($4.3M) Net Income (Loss) Q1 2010 = ($2.6M) Q1 2009 = ($4.2M) Income (Loss) per Share Q1 2010 = ($0.04) Q1 2009 = ($0.07) 15
Sam Baio President & CEO
Our Outlook • Recession / recovery??? • Our efforts are just beginning to pay off Better positioned for BACK-TO-SCHOOL and HOLIDAY selling seasons 17
We will be THE retail destination of choice for Canadian tweens & teens seeking to fulfill their action sports lifestyles needs.
Attractive Target Market • Spend $4.9 billion / year ½ on clothing, footwear & accessories • Account for 76% of action sports participants 19
Top Brands for Canadian Youth Clothing Shoes 1. American Eagle 1. Nike 2. Hollister 2. DC 3. West 49 3. Converse 4. DC 4. Adidas 5. Stitches 5. Vans 6. Bluenotes 6. Puma 7. Aeropostale 7. Airwalk 8. Garage 8. C1Rca 9. Billabong 9. Etnies 10. Nike 10. Ugg 20 Source: Global Habbo Youth Survey – Brand Update 2009
Unique Promotions 21
OPEN NEW STORES in new & existing markets MAXIMIZE RETURNS from existing stores
Annual General Meeting June 17, 2009 Produced by The Equicom Group Inc.
Canvas Prints at Affordable Prices make you smile.Visit http://www.shopcanvasprint...
30 Días en Bici en Gijón organiza un recorrido por los comercios históricos de la ...
Con el fin de conocer mejor el rol que juega internet en el proceso de compra en E...
With three established projects across the country and seven more in the pipeline,...
Retailing is not a rocket science, neither it's walk-in-the-park. In this presenta...
Lotto 6 aus 49. weiterempfehlen; drucken;
... Boeing (previous second source), and Northrop Grumman (seeker only for AGM-114L Longbow ... AGM-48; LIM-49; RIM-50; 51–100: MGM-51; MGM-52 ...
AGM Batteries; SPIRALCELL TECHNOLOGY ... Copyright © 2016, Johnson Controls, Inc. All rights reserved. Privacy | Terms & Conditions ...
E-Choke Kaltstartautomatik Mikuni für AGM Fighter 25 50 2T ... an Pitney Bowes Inc. Mehr zum Thema- wird in einem neuen ... 2T Tanco 49 2009 ...
Apollo Global Management, ... Thank you for visiting www.agm.com. Click here to proceed to the next page. Home; LP Login; Contact Us; Sitemap;
... NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") is to hold its Annual General Meeting (AGM) ... 2009; 2008; 2007; 2006; 2005; 2004 ... Inc ...
BCI group size 49 and 95R: BCI ... property of West Coast Batteries and are protected by US and ... of Enersys Energy Products Inc. ...
Concorde also offers a variety of industrial agm batteries in ... 2009 W San Bernardino Rd | West Covina ... Concorde ® Battery manufactures the highest ...
... April 22, 2016 /PRNewswire/ - Arizona Mining Inc. ... (99.49% and 99.45% ... west and south over land controlled by the Company and ...
Es gibt viele illegale und unseriöse Anbieter von Lotterien im Internet. Wenn Sie sicher und zuverlässig online LOTTO 6aus49, Eurojackpot, GlücksSpirale ...