Slide 1: Lindab Group Q3 2017
lindab | we simplify construction Lindab Group Fredrik von Oelreich, Acting President and CEO Kristian Ackeby, CFO Q3 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: Challenging third quarter
lindab | we simplify construction Challenging third quarter Key financial highlights Q3 2017 • Net sales increased to SEK 2,081 m (2,042), organic growth of 2%. • Operating profit amounted to SEK 162 m (190), excluding one-off items of SEK -8 m (-25). • Operating margin amounted to 7.8% (9.3), exclu
Slide 5: Growth in all regions except the Nordics
lindab | we simplify construction Growth in all regions expect the Nordics ”Sales growth in the majority of our markets except Sweden, which had large project deliveries in the Growth 44% corresponding quarter last year” -3% Fredrik von Oelreich, Acting President and CEO 20% Growth Nordic 3% 33% Gro
Slide 6: Good sales trend in ventilation business
lindab | we simplify construction Good sales trend in ventilation business Segment/Product areas Growth Comments Products & Solutions Ventilation Products Continued positive sales trend in all geographical regions. Growth driven by Nordics while sales declined slightly in CEE/CIS and was on par Indo
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 Q3 2017 SEK m Q3´17 Q3´16 Chg % • Net sales increased organically with 2% Net Sales 2,081 2,042 2 to SEK 2,081 m (2,042). Organic, % 2 • EBIT decline driven by Product & Structure1, % 0 Solution
Slide 9: Continued focus on pricing
lindab | we simplify construction Continued focus on pricing Products & Solutions financial highlights Q3 2017 SEK m Q3´17 Q3´16 Chg % • Net sales increased to SEK 1,850 m Net Sales 1,850 1,823 1 (1,823) with organic growth of 2%. Organic, % 2 Structure1, % 0 • Good sales development in Western Curr
Slide 10: Improvement but additional measures to be taken
lindab | we simplify construction Improvement but additional measures to be taken Building Systems financial highlights Q3 2017 SEK m Q3´17 Q3´16 Chg % • Net sales increased to SEK 231 m Net Sales 231 219 5 (219) with organic growth of 3%. Organic, % 3 Structure1, % 0 • EBIT increased somewhat as a
Slide 11: Large impact on cash flow from working capital
lindab | we simplify construction Large impact on cash flow from working capital Lindab Group cash flow Q3 2017 SEK m Q3´17 Q3´16 • Free cash flow amounted to SEK -67 m. Cash flow from - operating activities1 192 197 • Reduced cash flow from working capital - change in working capital -225 -42 due t
Slide 12: Highlights
lindab | we simplify construction Highlights 12
Slide 13: Some highlights from the quarter
lindab | we simplify construction Some highlights from the quarter Ventilation Project with focus on AHU for new metro project in Doha UltraLink 2.0 Launched in four markets (SE, DK, NO, FI) Distribution Centre Opened in the beginning of September Lindab delivered Air Handling Units for a hospital i
Slide 14: Lindab UltraLink 2.0
lindab | we simplify construction Highlights Lindab UltraLink 2.0 The world needs energy-smart solutions • UltraLink version 2.0 released on the market during third quarter. • UltraLink 2.0 enables optimization of ventilation systems, which means energy savings, to help meet the tough climate target
Slide 15: UltraLink 2.0: maximum savings and ultrasmart benefits
lindab | we simplify construction Highlights Lindab UltraLink 2.0 Maximum savings and ultrasmart benefits for everyone 680MWh For an office in Stockholm measuring 10,000 m2, with a ventilation system calculated to last for 20 years, the potential energy savings would be 680 MWh1 per year. 68% Compar
Slide 16: Distribution Centre in Grevie, Sweden
lindab | we simplify construction Highlights Distribution Centre Our Distribution Centre in Grevie, Sweden • During September, the new Distribution Centre was opened. • Utilisation will gradually increase over the next six months. The change in setup is going according to plan. • The distribution co
Slide 17: Lindab accelerates strategy
lindab | we simplify construction Highlights Lindab accelerates strategy • Lindab has a solid foundation for the strategy to focus on indoor climate and ventilation solutions. • The Board has decided to accelerate the execution of the current strategy. • Decision taken to assess strategic alternativ
Slide 18: Outlook
lindab | we simplify construction Outlook 18
Slide 19: Market development
lindab | we simplify construction Market development Good market growth but expected to slow down going forward • Overall good macroeconomic development Forecast: European construction market in Europe with improving industrial capacity Source: Euroconstruct (Jun -17) utilisation, industrial order b
Slide 20: Summary and Q&A
lindab | we simplify construction Summary and Q&A 20
Slide 21: Challenging third quarter
lindab | we simplify construction Challenging third quarter Key financial highlights Q3 2017 • Net sales increased to SEK 2,081 m (2,042), organic growth of 2%. • Operating profit amounted to SEK 162 m (190), excluding one-off items of SEK -8 m (-25). • Operating margin amounted to 7.8% (9.3), exclu
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