Slide 1: Year End Report 1 April 2021 – 31 March 2022
YEAR END REPORT 1 APRIL 2021 – 31 MARCH 2022 Niklas Stenberg, President and CEO, and Malin Enarson, CFO
Slide 2: Quarter 4 Highlights
QUARTER 4 HIGHLIGHTS Very strong end to the year Net sales High level of customer activity and SEK 3,916 m, +34% very good underlying demand Good delivery capacity generated a net sales growth of 34%, of which 24% was organic Active efforts to offset price increases and generally good cost E
Slide 3: Quarter 4: Net Sales Development
QUARTER 4: NET SALES DEVELOPMENT VERY STRONG END TO THE YEAR GROWTH IN ALL BUSINESS Net sales increased by 34% of which 24% was organic growth − Good underlying demand broad based Good delivery capacity despite supply chain disruptions − Well-established customer- and supplier relationship − Ext
Slide 4: Quarter 4: EBITA Development
QUARTER 4: EBITA DEVELOPMENT STRONG CONTRIBUTION FROM ALL BUSINESS AREAS 54% EBITA GROWTH − Good cost control remains − Favorable contribution from acquisitions Record high operating margins − Active efforts to offset price increases 4
Slide 5: Full Year 2021/2022 Highlights
FULL YEAR 2021/2022 HIGHLIGHTS Strong recovery in customer demand increased sales by 24% Net sales Solid position in selected segments SEK 14,038 m, +24% generated an organic growth of 15% with improved margins – strong contribution by all business areas P/WC at historically high 69% EBITA-mar
Slide 6: Strong Recovery in Most Key Customer Segments
FULL YEAR 2021/2022 STRONG RECOVERY IN MOST KEY CUSTOMER SEGMENTS The market for input components to manufacturing companies continues to develop well Forest- and process industry continues to perform very strongly – in particular the sawmill industry The favourable market situation in importa
Slide 7: Strong Position in Selected Niche Markets
FULL YEAR 2021/2022 STRONG POSITION IN SELECTED NICHE MARKETS Net sales increased by 24%, of which 15% was organic − Customer activity increased sequentially − Strong contribution by all business areas − Supply chain constraints well handled by our companies EBITA growth of 44% − Positive effect
Slide 8: Automation
AUTOMATION 3 months ending 12 months ending QUARTER 4 31 Mar 22 31 Mar 21 Δ 31 Mar 22 31 Mar 21 Δ Net sales increased by 44% Net Sales, SEK m 828 576 44% 2,716 2,180 25% − Strong quarter with high delivery capacity EBITA, SEK m 103 77 35% 308 217 42% − Highly favorable market situation in medical
Slide 9: Electrification
ELECTRIFICATION 3 months ending 12 months ending QUARTER 4 31 Mar 22 31 Mar 21 Δ 31 Mar 22 31 Mar 21 Δ Net sales increased by 28% Net Sales, SEK m 732 572 28% 2,629 2,194 20% − Very strong end to the year with high organic growth EBITA, SEK m 89 63 41% 318 236 35% − Favorable business situation fo
Slide 10: Energy
ENERGY 3 months ending 12 months ending QUARTER 4 31 Mar 22 31 Mar 21 Δ 31 Mar 22 31 Mar 21 Δ Net sales increased by 31% Net Sales, SEK m 992 756 31% 3,742 3,271 14% − Highly favorable market situation with good organic growth EBITA, SEK m 125 95 32% 467 393 19% − Market for infrastructure product
Slide 11: Industrial Solutions
INDUSTRIAL SOLUTIONS 3 months ending 12 months ending QUARTER 4 31 Mar 22 31 Mar 21 Δ 31 Mar 22 31 Mar 21 Δ Net sales increased by 36% Net Sales, SEK m 720 530 36% 2,669 1,800 48% − Another very strong quarter with high demand and growth EBITA, SEK m 125 67 86% 452 252 79% − Continued very high de
Slide 12: Process Technology
PROCESS TECHNOLOGY 3 months ending 12 months ending QUARTER 4 31 Mar 22 31 Mar 21 Δ 31 Mar 22 31 Mar 21 Δ Net sales increased by 30% Net Sales, SEK m 649 498 30% 2,306 1,911 21% − The very high demand within the forest- and sawmill industry continues EBITA, SEK m 84 30 178% 299 168 78% − Demand fo
Slide 13: Acquisitions During the Financial Year
13 ACQUISITIONS DURING THE FINANCIAL YEAR Acquisition Business area Access Net sales, SEKm* Employees* ESi Controls Ltd. Energy April 2021 95 15 Additional four acquisitions Hydro-Material Oy Industrial Solutions April 2021 50 5 after year end IETV Elektroteknik AB Energy May 2021 80 38 In total
Slide 14: Fey Elektronik - Our Largest Acquisition So Far
FEY ELEKTRONIK - OUR LARGEST ACQUISITION SO FAR Fey serves European OEM customers with development, design and manufacture of customized battery solutions Complements and strengthens our offering of turnkey battery solutions within business unit Battery Systems Fey positions Addtech as one of
Slide 15: Financial Position
FINANCIAL POSITION 15
Slide 16: Income Statement, Condensed
INCOME STATEMENT, CONDENSED 3 months ending 12 months ending (SEKm) 31 Mar 22 31 Mar 21 31 Mar 22 31 Mar 21 Net Sales 3,916 2,927 14,038 11,336 Cost of sales & op. expenses -3,503 -2,675 -12,594 -10,343 Other operating items 23 14 57 -4 Operating profit 436 266 1,501 989 Financial income & expenses
Slide 17: Net Sales & Margin
31/3 2022 R12 NET SALES & MARGIN Net Sales EBITA SEK 14,038 m SEK 1,803 m EBITA margin 12.8 % Operating profit SEK 1,501 m Operating margin 10.7 % Strongest ever operating margin 10.7% − Good capability to deliver on a strong demand situation − Active efforts to offset price increases − Continued
Slide 18: Cashflow
CASHFLOW 3 months ending 12 months ending (SEKm) 31 Mar 22 31 Mar 21 31 Mar 22 31 Mar 21 Profit after financial items 414 251 1,433 937 Adj. for non cash items 174 151 594 551 Income tax paid -102 -81 -416 -320 Changes in working capital -170 132 -490 335 Cash flow from operating activities 316 453
Slide 19: Key Financial Indicators
KEY FINANCIAL INDICATORS (SEKm) 31 Mar 22 31 Mar 21 Total equity (SEKm) 4,259 3,450 Financial position remains strong Equity per share, SEK 14.60 11.95 − Equity ratio 34% (35%) Equity ratio, % 34 35 − Leverage 2.0 (2.1) Return on working capital (P/WC), % 69 52 − Gearing 1.0 (0.9) Return on equity
Slide 20: Five Areas for Future Growth
FIVE AREAS FOR FUTURE GROWTH AUTOMATION ELECTRIFICATION ENERGY INDUSTRIAL PROCESS SOLUTIONS TECHNOLOGY MOTION & BATTERY ENERGY MATERIAL PROCESS DRIVES SYSTEMS PRODUCTS PROCESSING SYSTEMS CONNECTIVITY EMISSION INDUSTRIAL IT ENERGY VEHICLE SOLUTIONS CONTROL & SENSORS SUPPLY SOLUTIONS POWER & PROCESS M
Slide 21: Summary
SUMMARY Successful year with strong deliveries in all business areas − Strong development of customer demand in key segments − Very well-handled disruption in the global supply chains generated 15% organic growth with improved margins − 13 carefully selected acquisitions to strengthen our offer in
Slide 22: Q&A
Q&A 22