Ratos Ab Class A · OMXSTO:RATO_A

Ratos Ab Class A — FY2010 Earnings Presentation

13 slides from Ratos Ab Class A's earnings presentation, Feb 17, 2011

  1. Slide 1: CEO Arne Karlsson, Telephone conference 17 February 2011

    CEO Arne Karlsson Telephone conference 17 February 2011 1

  2. Slide 2: 2010 – Good but should be better

    2010 – Good but should be better  Satisfactory S ti f t development d l t iin hholdings ldi  Positive profit trend for Ratos  Good prospects for portfolio companies 2011  Macro: MOBBM  Normalised transaction market 2

  3. Slide 3: Macro – MOBBM

    Macro  MOBBM - Make Or Break Becomes Make - sub-par growth+ - American growth – Euro problems - Kebnekaise - continued low inflation - continued low interest rates - currencies in volatile trading range - commodity boom intact 3

  4. Slide 4: Satisfactory development in holdings (1)

    Satisfactory development in holdings (1) Earnings trend 2010 2010, holdings (%) Total Ratos’s share Sales ±0 +2 EBITA +2 -1 EBT +6 +7 4

  5. Slide 5: Satisfactory development in holdings (2)

    Satisfactory development in holdings (2) Earnings trend Q4, Q4 holdings (%) Total Ratos’s share Sales ±0 -1 EBITA -24 -36 EBT -54 -53 5

  6. Slide 6: Satisfactory development in holdings (3)

    Satisfactory development in holdings (3) Earnings trend trend, holdings (%) Headline Before eo Before eo and (2010) currencyy EBITA +2 +7 +10 EBT +66 +15 15 +20 20 (Q4) EBITA -24 +1 EBT -54 54 ±0 6

  7. Slide 7: Satisfactory development in holdings (4)

    Satisfactory development in holdings (4)  2009 earnings i att reasonable bl llevell  Late-cyclical (as 2002/03)?  Large eo expenses (with long-term positive effects)  Extremelyy weak December  Winter effect  Longer time axis  Extremely fragmented picture  Good prospects 2011 7

  8. Slide 8: Holdings’ development reflects business environment (1)

    Holdings’ development reflects business environment (1) Early Birds (EB) Runners Up (RU) Laggards (L) Arcus Anticimex AH Industries Camfil Bisnode EuroMaint Contex DIAB GS-Hydro Inwido Hafa Medisize HL Display SB Seating Jøtul Lindab MCC Stofa Superfos g Other holdings 8

  9. Slide 9: Holdings’ development reflects business environment (2)

    Holdings’ development reflects business environment (2) EB RU L 2010 (%) Sales ±0 -3 +10 EBITA +55 +1 -96 EBT +114 -1 neg Q4 (%) Sales -66 +2 +5 EBITA -14 +5 neg EBT -19 -21 neg 9

  10. Slide 10: Good prospects 2011

    Good prospects 2011 Positive Stable Question mark EB Arcus Medisize Biolin Contex Inwido KVD SB Seating RU Anticimex Jøtul Hafa Bisnode MCC DIAB Other holdings HL Display p y Lindab Stofa Superfos L EuroMaint AH Industries GS-Hydro 10

  11. Slide 11: Positive profit trend for Ratos

    Positive profit trend for Ratos SEKm 1999 1 859 1,859 2000 2,104 2001 2 191 2,191 2002 956 2003 1,114 2004 2,325 2005 2,601 2006 3,234 2007 3,462 2008 5,671 2009 1,375 2010 2,868 11

  12. Slide 12: Transaction market

    Transaction market  In I generall - normalised - tidal wave 2011?  Ratos - normalised - c. 250 projects annually 12

  13. Slide 13: Financing

    Financing  Market M k t - stable development  Ratos net liquidity q y - c. SEK 1.65 billion  Holdings leverage - ND/EBITDA = 2.6 13

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