Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q4 2017 Earnings Presentation
22 slides from Lindab International Ab's earnings presentation, February 2018
Slide 1: Lindab Group Q4 2017
lindab | we simplify construction Lindab Group Fredrik von Oelreich, Acting President and CEO Kristian Ackeby, CFO Q4 2017 We simplify construction
Slide 2: Agenda
lindab | we simplify construction Agenda • Summary and overview • Financials • Highlights • Outlook • Summary and Q&A 2
Slide 3: Summary and overview
lindab | we simplify construction Summary and overview 3
Slide 4: Good organic growth and higher profit
lindab | we simplify construction Good organic growth and higher profit Key financial highlights Q4 2017 • Net sales increased to SEK 2,185 m (2,039), organic growth of 7%. • Operating profit amounted to SEK 119 m (112), excluding one-off items of SEK -10 m (-0). Operating margin amounted to 5.4% (5
Slide 5: Strong sales development in all regions
lindab | we simplify construction Strong sales development in all regions ”Healthy growth across all regions, in particular strong growth in major markets such as, UK, France and Sweden” Growth 46% Fredrik von Oelreich, 2% Acting President and CEO 20% Growth Nordic 8% 30% Growth 4% CEE/CIS Western E
Slide 6: Solid organic growth in most product areas
lindab | we simplify construction Solid organic growth in most product areas Segment/Product areas Growth Comments Products & Solutions Widespread growth with continued positive sales trend in all geographical regions Ventilation Products and most individual markets. Growth in all regions with parti
Slide 7: Financials
lindab | we simplify construction Financials 7
Slide 8: Raw material costs continue to impact
lindab | we simplify construction Raw material costs continue to impact Lindab Group financial highlights Q4 2017 SEK m Q4´17 Q4´16 Chg % • Net sales increased organically with 7% Net Sales 2,185 2,039 7 to SEK 2,185 m (2,039). Organic, % 7 • EBIT margin decline driven by Structure1, % 0 increased r
Slide 9: 17th consecutive quarter with organic growth
lindab | we simplify construction 17th consecutive quarter with organic growth Products & Solutions financial highlights Q4 2017 SEK m Q4´17 Q4´16 Chg % • Net sales increased to SEK 1,959 m Net Sales 1,959 1,804 9 (1,804) with organic growth of 9%. Organic, % 9 Structure1, % 0 • Good sales developme
Slide 10: Weak profitability – launch of turnaround plan
lindab | we simplify construction Weak profitability – launch of turnaround plan Building Systems financial highlights Q4 2017 SEK m Q4´17 Q4´16 Chg % • Net sales decreased to SEK 226 m Net Sales 226 235 -4 (235) with organic growth of -6%. Organic, % -6 Structure1, % 0 • Margin has been negatively
Slide 11: Positive impact from working capital
lindab | we simplify construction Positive impact from working capital Lindab Group cash flow Q4 2017 SEK m Q4´17 Q4´16 • Free cash flow amounted to SEK 262 m. Cash flow from - operating activities1 155 153 • Adjusted free cash-flow improved in Q4 - change in working capital 236 156 mainly due to im
Slide 12: Sales growth but margin pressure
lindab | we simplify construction Sales growth but margin pressure Lindab Group financial highlights full year 2017 SEK m 2017 2016 Chg % • Net sales increased organically with 4% Net Sales 8,242 7,849 5 to SEK 8,242 m (7,849). Organic, % 4 • EBIT margin decline driven by Structure1, % 0 increased r
Slide 13: Highlights
lindab | we simplify construction Highlights 13
Slide 14: Some highlights from the quarter
lindab | we simplify construction Some highlights from the quarter Ventilation Receives order worth Lindab has received the Eurovent SEK ~10 m in Finland certificate for duct systems Building Systems 100 percent wind power Receive orders worth over used in Sweden SEK 100 m in Russia Lindab acquires
Slide 15: Lindab accelerates strategy
lindab | we simplify construction Highlights Lindab accelerates strategy • The evaluation of strategic alternatives for Building Systems and our non-ventilation business is progressing according to plan. • In December Lindab acquired A.C. Manufacturing Ltd. This provides excellent opportunities to i
Slide 16: Lindab has received the Eurovent certificate
lindab | we simplify construction Highlights Lindab has received the Eurovent certificate • Eurovent has introduced a new programme for certification of duct systems. Lindab’s duct systems are the first in the world which are awarded this certification. • We continuously develop our performance and
Slide 17: Outlook
lindab | we simplify construction Outlook 17
Slide 18: Market development
lindab | we simplify construction Market development Continued good market growth with a few exceptions • Overall very good macroeconomic Construction Output & Sentiment in EU Source: Eurostat and European Comission development in Europe with high industrial capacity utilisation, industrial order bo
Slide 19: Summary and Q&A
lindab | we simplify construction Summary and Q&A 19
Slide 20: Good organic growth and higher profit
lindab | we simplify construction Good organic growth and higher profit Key financial highlights Q4 2017 • Net sales increased to SEK 2,185 m (2,039), organic growth of 7%. • Operating profit amounted to SEK 119 m (112), excluding one-off items of SEK -10 m (-0). • Operating margin amounted to 5.4%
Slide 21: In summary – short term focus
lindab | we simplify construction In summary – short term focus Key focus areas Price Turnaround plan Address low Energy & Climate Strategic increases Building Systems performing units Solutions assessment 21
Slide 22: Thank you Q&A
lindab | we simplify construction Thank you “Lindab’s innovative solutions create ultimate comfort in the buildings of the future.” Q&A