Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q2 2020 Earnings Presentation
17 slides from Byggmax Group Ab's earnings presentation, Jul 15, 2020
Slide 1: Q2 Report 2020
Q2 Report 2020 July 15, 2020 ™ Mattias Ankarberg, CEO Helena Nathhorst, CFO
Slide 2: Q2 2020: Best Quarter in History
Q2 2020: BEST QUARTER IN HISTORY 7500 Net sales, R12 - Health & safety remains top priority in covid-19 situation 5000 - Net sales increased 39% to 2,499m (1,799m) o Like-for-like sales increased +39% 2500 Exceptional market growth incl. a “stay home” effect lo} o Owninitiatives add 10% growth o Byg
Slide 3: Key Events
KEY EVENTS -— Covid-19 situation — many precautions to operate in a responsible way — Launched “pay from car” service — Opened 6 new stores and communicated further 4 store openings for 2020 -— Opened first format for small towns in Norway -— Awarded “lowest price” in VG price survey (Norway) 3 BYGG
Slide 4: Exceptional Market Growth
EXCEPTIONAL MARKET GROWTH Exceptional market growth driven by “stay home” effect Very strong “stay home” effect during the covid-19 pandemic Early spring added to market growth Swedish housing market transactions continued to increase in Q1 2020, followed by a decrease during spring, and clear signs
Slide 5: Impact of Covid-19 Pandemic
IMPACT OF COVID-19 PANDEMIC Fortunate position - Byggmax stores located on free standing properties, ELVERKTYG concept built on self service, much shopping done outdoors Precautions taken - Ensure health & safety of our staff, e.g., stricter hygiene routines, increased store cleaning frequency, cash
Slide 6: Focus 2020 - Q2 Update: Own Initiatives Add to Growth
FOCUS 2020 - Q2 UPDATE: OWN INITIATIVES ADD TO GROWTH Focused growth Efficiency & simplicity Store upgrades — exceed expectations "Store 3.0” performance in Q2 exceed expectations of 3% growth per store - Strong development in Garden E-commerce — very strong growth - Larger assortment, upgraded site
Slide 7: Expanding and Upgrading Our Store Portfolio
EXPANDING AND UPGRADING OUR STORE PORTFOLIO Focus on new stores in Q@2/Q3 and upgrades Byggmax store portfolio in Q4/Q1 - 6new stores in Q2 2020, of which 4 in Sweden (Uppsala, Helsingborg, Nassj6, Boden) and 2 in Norway (Vestby Oslo, Grimstad) || | - First store of format for smaller towns in Norwa
Slide 8: Very Strong Online Growth
VERY STRONG ONLINE GROWTH + BYGGMAX 2 2 216:0400vvaqr0r E-commerce continues to be a top eiarereas priority <. = YCOPLANERAREN | GORDET SIAL Byggmax e-com sales +62% in Q2 2020 as last year’s investments are paying off a — Larger assortment MER RODFARG — Improved site FOR PENGARNA — More delivery op
Slide 9: Continued to Strengthen Price Leadership
CONTINUED TO STRENGTHEN PRICE LEADERSHIP VILKEN BYGGHANDEL UPPLEVER DU HAR LAGST PRIS? BYGGMAX — Low price no1 consumer criteria for choice of DIY store — Byggmax top ranked & test winner in VG terrace project price survey (Norway)
Slide 10: Skanska Byggvaror Developed Very Well
SKANSKA BYGGVAROR DEVELOPED VERY WELL Growth initiatives gave strong results — Digital sales and marketing — Product development in core categories Order intake increased strongly Positive financial trend continued in Q@2 2020 — Sustained positive sales momentum — Continued profitability improvement
Slide 11: Sales Development Q2
SALES DEVELOPMENT Q2 Byggmax Skanska Byggvaror Total Share of Byggmax Group sales 90.2% 9.8% 100% Q2 2020 Sales development 41 2% ?1 3% 38.9% Q2 2020 vs. Q2 2019 LFL New stores LFL LFL Currency 40.8% 48% 26.3% 39.2% -3.7% Exceptional market sales driven by: “Stay home” effect during covid-19 pandemi
Slide 12: Financial report - incl. IFRS 16
Financial report - incl. IFRS 16 ─ ─ ─ ─ ─ ─ ─ ─ ─ ─
Slide 13: Cash Flow & Net Debt
CASH FLOW & NET DEBT Cash flow Q Net debt exci iersie 1500 1500 1000 1000 500 500 O — ar —T7 | I i oO - -so0 ai a2 a3 a4) ai a2 a as) a @ a a2 a3 al} ai a2 a3 asl} ai ae 2018 2019 2020 2018 2019 2020 -500 Cash flow from operating activities amounted to SEK 1,254m for the second quarter, movements dr
Slide 14: Positive Market Outlook
POSITIVE MARKET OUTLOOK Home improvement strongly boosted by “stay home” effect during Q2 — Consumers working from home - “Staycation” instead of travelling — Early spring added to growth Expect “staycation” to continue boost demand in Q3 Housing market in Sweden seem to be back to growth as of end
Slide 15: Focus 2020 — Continue Profitable Growth
FOCUS 2020 — CONTINUE PROFITABLE GROWTH Store upgrades - Convert additional 15-20 Byggmax stores to 3.0 - Store 3.0 close to 40% of portfolio by end 2020 (28% Q2 2020) Focused E-commerce growth - Continue increase assortment and improve customer experience Store expansion - Add 4 more Byggmax stores
Slide 16: Snr
Snr
Slide 17: Slide 17