NN Gross profit (Q2, 2018)90.4 M

NN Gross profit margin (Q2, 2018), %24.7%

NN Net income (Q2, 2018)-30.5 M

NN EBIT (Q2, 2018)3.4 M

NN Cash, 30-Jun-201823.2 M

NN EV1.5 B

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|---|

## Revenue | 373.2 m | 488.6 m | 667.3 m | 833.5 m |

| 31% | 37% | 25% | |

## Cost of goods sold | 526 m | 621 m | ||

## Gross profit | 141.3 m | 212.5 m | ||

| 21% | 25% | ||

## EBIT | 27.8 m | 27.7 m | 26.8 m | 59.4 m |

| 7% | 6% | 4% | 7% |

## Interest expense | 2.4 m | 12.3 m | 29.9 m | 63.2 m |

## Income tax expense | 8 m | 5.8 m | (10.5 m) | |

## Net Income | 17.2 m | 8.2 m | (7.4 m) | 7.9 m |

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 93 m | 102.5 m | 106.7 m | 125.6 m | 163.7 m | 164.9 m | 154.8 m | 212.2 m | 214.3 m | 205 m | 226.3 m | 225.9 m | 148.2 m | 169.1 m | 365.5 m |

## Cost of goods sold | 73 m | 80.3 m | 84.3 m | 100.4 m | 129.3 m | 128.7 m | 120.2 m | 159.8 m | 156.8 m | 152.5 m | 167 m | 166 m | 110.8 m | 126.4 m | 275.1 m |

## Gross profit | 20 m | 22.2 m | 22.4 m | 25.2 m | 34.4 m | 36.1 m | 34.6 m | 52.5 m | 57.5 m | 52.4 m | 59.4 m | 59.8 m | 37.3 m | 42.7 m | 90.4 m |

| 22% | 22% | 21% | 20% | 21% | 22% | 22% | 25% | 27% | 26% | 26% | 26% | 25% | 25% | 25% |

## General and administrative expense | 8.1 m | 10 m | 10.1 m | 11.1 m | 12 m | 14 m | 11.9 m | 20.7 m | 21.6 m | 18.3 m | 21.5 m | 22.2 m | 48.8 m | ||

## Operating expense total | 8.1 m | 10 m | 10.1 m | 11.1 m | 12 m | 14 m | 11.9 m | 20.7 m | 21.6 m | 18.3 m | 21.5 m | 22.2 m | 48.8 m | ||

## Depreciation and amortization | 14.3 m | 30.5 m | |||||||||||||

## EBIT | 7.8 m | 8.3 m | 8.2 m | 2.6 m | 13.9 m | 13.6 m | 10.1 m | 11.9 m | 16.7 m | 18.7 m | 22.2 m | 20.6 m | 6.3 m | 3.7 m | 3.4 m |

| 8% | 8% | 8% | 2% | 9% | 8% | 7% | 6% | 8% | 9% | 10% | 9% | 4% | 2% | 1% |

## Interest expense | 655 k | 564 k | 551 k | 5.6 m | 5.9 m | 6 m | 4.6 m | 16.4 m | 16.2 m | 16.3 m | 15 m | 12.4 m | 12.7 m | 12 m | 28 m |

## Pre tax profit | 7.4 m | 7.7 m | 7.6 m | ||||||||||||

## Income tax expense | 2.4 m | 2.5 m | 2.4 m | (562 k) | 1.5 m | 1.6 m | 936 k | (9.4 m) | 1.4 m | 1.2 m | 7.1 m | ||||

## Net Income | 5.1 m | 5.2 m | 5.2 m | (3.8 m) | 6 m | 7 m | 4.6 m | (1.3 m) | 2 m | 4.1 m | 7.4 m | (21.5 m) | 132.9 m | (6 m) | (30.5 m) |

usd | Y, 2009 | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | Y, 2014 | Y, 2015 | FY, 2016 |
---|---|---|---|---|---|---|---|---|

## Cash | 8.7 m | 5.6 m | 4.5 m | 19 m | 3 m | 37.3 m | 15.1 m | 14.4 m |

## Accounts Receivable | 58.9 m | 97.5 m | 123 m | 139.5 m | ||||

## Inventories | 54.5 m | 91.5 m | 119.8 m | 114.9 m | ||||

## Current Assets | 125.7 m | 242.8 m | 280.2 m | 280.6 m | ||||

## PP&E | 121.1 m | 278.4 m | 319 m | 323 m | ||||

## Total Assets | 262.4 m | 712.7 m | 1.4 b | 1.4 b | ||||

## Accounts Payable | 40.7 m | 71.1 m | 69.1 m | 75.7 m | ||||

## Short-term debt | ||||||||

## Current Liabilities | 69.4 m | 137.6 m | 133.4 m | 138.6 m | ||||

## Long-term debt | 26 m | 328 m | 808.4 m | 785.7 m | ||||

## Total Debt | 63.7 m | 785.7 m | ||||||

## Total Liabilities | 1 b | |||||||

## Additional Paid-in Capital | 63.1 m | 99.1 m | 277.6 m | 284.5 m | ||||

## Retained Earnings | 65.9 m | 69 m | 55.2 m | 55.5 m | ||||

## Total Equity | 152.8 m | 173.7 m | 313.9 m | 315.2 m | ||||

## Debt to Equity Ratio | 2.5 x | |||||||

## Debt to Assets Ratio | 0.6 x | |||||||

## Financial Leverage | 1.7 x | 4.1 x | 4.4 x | 4.3 x |

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 4.5 m | 4.5 m | 5.8 m | 26.9 m | 16.8 m | 21.4 m | 40.1 m | 15.1 m | 15.1 m | 14.8 m | 19.6 m | 19.2 m | 347.4 m | 185 m | 23.2 m |

## Accounts Receivable | 117.2 m | 114.8 m | 108.1 m | 143.3 m | 147.1 m | 147.4 m | 159.6 m | 162.4 m | 108.2 m | 119.6 m | 147.4 m | ||||

## Inventories | 48.1 m | 57.4 m | 61.5 m | 86.9 m | 85.6 m | 87.9 m | 92.6 m | 120.1 m | 118.8 m | 118.8 m | 116.6 m | 123.7 m | 76.6 m | 91.6 m | 116.1 m |

## Current Assets | 126.8 m | 146.4 m | 158 m | 246.7 m | 238 m | 240.7 m | 258.4 m | 295.6 m | 297.9 m | 295.5 m | 310.3 m | 327.6 m | 552.4 m | 461.1 m | 363 m |

## PP&E | 117.5 m | 125.7 m | 132.7 m | 274.6 m | 264.8 m | 272 m | 266.6 m | 325.2 m | 323.2 m | 326 m | 328.2 m | 333.2 m | 266.9 m | 334 m | |

## Goodwill | 463.7 m | 617.8 m | |||||||||||||

## Total Assets | 261.4 m | 287 m | 307.4 m | 713.1 m | 694.4 m | 708.9 m | 719.5 m | 1.4 b | 1.4 b | 1.4 b | 1.4 b | 1.4 b | 1.5 b | 1.5 b | 1.8 b |

## Accounts Payable | 43.2 m | 45.8 m | 48.5 m | 62.8 m | 61.8 m | 63.6 m | 60.3 m | 70.3 m | 65.9 m | 69.7 m | 77.7 m | 78.3 m | 48.3 m | 54.8 m | 55.1 m |

## Short-term debt | 18.8 m | 29.8 m | |||||||||||||

## Current Liabilities | 69.2 m | 79.7 m | 75.3 m | 127 m | 127.1 m | 128.7 m | 121.1 m | 141.5 m | 138.9 m | 136.4 m | 150.2 m | 147.1 m | 175 m | 122.3 m | 138.4 m |

## Long-term debt | 33 m | 36 m | 53.5 m | 331.2 m | 335 m | 335.9 m | 184.4 m | 804.7 m | 801.2 m | 795.7 m | 799.5 m | 827.4 m | 794 m | 787.4 m | 1 b |

## Total Debt | 33 m | 36 m | 53.5 m | 331.2 m | 335 m | 335.9 m | 184.4 m | 804.7 m | 801.2 m | 795.7 m | 799.5 m | 827.4 m | 794 m | 806.2 m | 1.1 b |

## Total Liabilities | 116.6 m | 130 m | 143.6 m | 532.9 m | 533.1 m | 535.4 m | 375.8 m | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1 b | 1.3 b |

## Additional Paid-in Capital | 288.9 m | ||||||||||||||

## Retained Earnings | 38.2 m | ||||||||||||||

## Total Equity | 144.9 m | 157 m | 163.8 m | 180.3 m | 161.3 m | 173.5 m | 343.7 m | 317.3 m | 317.4 m | 326.3 m | 327.9 m | 311.8 m | 441.3 m | 484.9 m | 443.3 m |

## Debt to Equity Ratio | 1.8 x | ||||||||||||||

## Debt to Assets Ratio | 0.5 x | ||||||||||||||

## Financial Leverage | 1.8 x | 1.8 x | 1.9 x | 4 x | 4.3 x | 4.1 x | 2.1 x | 4.4 x | 4.4 x | 4.2 x | 4.2 x | 4.5 x | 3.4 x | 3.1 x | 4 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|---|

## Net Income | 17.2 m | 8.2 m | (7.4 m) | 7.9 m |

## Depreciation and Amortization | 17 m | 22.1 m | 44.5 m | 62.5 m |

## Accounts Receivable | (6.3 m) | (3.3 m) | (806 k) | (18.5 m) |

## Inventories | (7.2 m) | (9.8 m) | (1.8 m) | 4.4 m |

## Accounts Payable | 2.6 m | 9.5 m | (6.7 m) | 7.6 m |

## Cash From Operating Activities | 31.8 m | 30.7 m | 33.3 m | 69.3 m |

## Purchases of PP&E | (15.3 m) | (27.6 m) | (38.6 m) | (43.8 m) |

## Cash From Investing Activities | (15.3 m) | (281.6 m) | (665.8 m) | (41.3 m) |

## Long-term Borrowings | (30 m) | |||

## Dividends Paid | (3.1 m) | (5.1 m) | (6.4 m) | (7.6 m) |

## Cash From Financing Activities | (32.3 m) | 287 m | 611.9 m | (24.3 m) |

## Interest Paid | 1.8 m | 8.3 m | 20.1 m | 59.2 m |

## Income Taxes Paid | 4 m | 5.7 m | 6.4 m | 889 k |

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 5.1 m | 5.2 m | 5.2 m | (3.8 m) | 6 m | 7 m | 4.6 m | (1.3 m) | 2 m | 4.1 m | 7.4 m | 132.9 m | (6 m) | (30.5 m) |

## Depreciation and Amortization | 4.1 m | 3.9 m | 4.1 m | 5.9 m | 8.5 m | 8.6 m | 8.6 m | 17.3 m | 15.1 m | 14.7 m | 15.6 m | |||

## Accounts Receivable | 114.8 m | 108.1 m | 143.3 m | 147.1 m | 147.4 m | 159.6 m | 108.2 m | (9.4 m) | (17.3 m) | |||||

## Inventories | 87.9 m | 92.6 m | 120.1 m | 118.8 m | 118.8 m | 116.6 m | 76.6 m | (7.8 m) | (10.7 m) | |||||

## Accounts Payable | 63.6 m | 60.3 m | 70.3 m | 65.9 m | 69.7 m | 77.7 m | 48.3 m | (296 k) | (4.7 m) | |||||

## Cash From Operating Activities | (974 k) | (19.4 m) | ||||||||||||

## Purchases of PP&E | (11.9 m) | (28.9 m) | ||||||||||||

## Cash From Investing Activities | (32.8 m) | (421.7 m) | ||||||||||||

## Long-term Borrowings | (13 m) | (16 m) | ||||||||||||

## Dividends Paid | (1.9 m) | (3.9 m) | ||||||||||||

## Cash From Financing Activities | (6.3 m) | 240.7 m |

USD | Y, 2018 |
---|---|

## EV/EBIT | 435.5 x |

## EV/CFO | -76.2 x |

## Financial Leverage | 4 x |

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