Slide 1: Nilfisk Q2 2021 Interim Report
Nilfisk Q2 2021 Interim Report Webcast presentation September 1, 2021
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements, including statements regarding Nilfisk’s future operating profit, financial position, inventory, cash flows, strategic priorities as well as plans for the future. Forward-looking statements include, without limitation,
Slide 3: On the call today
On the call today New Executive Management Team of Nilfisk Torsten Türling Reinhard Mayer CEO CFO 3 NILFISK Q2 INTERIM REPORT 2021
Slide 4: Agenda
Agenda 1 2 3 4 5 Highlights for Financials Outlook Key Q&A Q2 2021 takeaways 4 NILFISK Q2 INTERIM REPORT 2021
Slide 5: Highlights Q2 2021: Strong revenue growth and improved EBITDA margin
Highlights Q2 2021: Strong revenue growth and improved EBITDA margin • Revenue of 257.8 mEUR, up 38.5% • Broad-based market recovery • Business initiatives delivering results 38.5% • Growth across regions and customer segments Organic growth • EBIDTA bsi more than doubled to 41.9 mEUR EBIDTA margin
Slide 6: Business update Q2 2021: Customers see cleaning as even more critical
Business update Q2 2021: Customers see cleaning as even more critical to busines success • Pandemic increased awareness and importance of clean and healthy environments – strong demand • Broad solution portfolio – well positioned to address customer needs towards new cleaning standards • Europe reve
Slide 7: Agenda
Agenda 1 2 3 4 5 Highligts for Financials Outlook Key Q&A Q2 2021 takeaways 7 NILFISK Q2 INTERIM REPORT 2021
Slide 8: Income statement
Income statement EUR million Q2 2021 Q2 2020 Change H1 2021 H1 2020 Change Comments Net sales 257.8 191.1 66.7 495.1 410.2 84.9 • Total reported revenue up by 66.7 mEUR Reported growth 34.9% -26.1% 61.0% 20.7% -18.8% 39.5% corresponding to organic growth of 38.5% Organic growth 38.5% -24.9% 63.4% 24
Slide 9: Europe
Europe Comments • In Europe, revenue amounted to 119.5 mEUR (Q2 2020: 82.2 mEUR) corresponding to organic growth of 46.0% • Positive performance across all markets helped by higher demand levels, and an increased activity within big accounts, including a large order of autonomous cleaning machines f
Slide 10: Americas
Americas Comments • In Americas, revenue amounted to 75.7 mEUR (Q2 2020: 58.3 mEUR) corresponding to organic growth of 40.4% • Positive performance in all markets • Broadened distribution and increased focus on strategic accounts in the US as key levers of the growth • Gross margin increased with 11
Slide 11: APAC
APAC Comments • In APAC, revenue amounted to 20.4 mEUR (Q2 2020: 15.3 mEUR) corresponding to organic growth of 35.0% • Good performance in the Pacific region, Australia and New Zealand, due to the limited exposure to the COVID-19 pandemic in the area • China and the Southeast Asian countries deliver
Slide 12: Other business units
Other business units Consumer Private label and other • Continued strong performance with an organic growth of • Strong performance driven by high demand from key 7.1% over a very strong prior year quarter. customers • Growth benefitted from our renewed, innovative offering and focus on this busines
Slide 13: Balance sheet and cash flow
Balance sheet and cash flow EUR million Q2 2021 Q2 2020 Change Comments Inventories 175.4 153.0 22.4 • Strong reduction of the working capital ratio of 5 Trade receivables 197.1 155.9 41.2 percentage points compared to last year, driven by higher revenue in the quarter and continued efforts in Trade
Slide 14: Agenda
Agenda 1 2 3 4 5 Highlights for Financials Outlook Key Q&A Q2 2021 takeaways 14 NILFISK Q2 INTERIM REPORT 2021
Slide 15: 2021 full-year outlook adjustment
2021 full-year outlook adjustment • As a result of continuing positive trading Previous financial outlook Adjusted financial outlook conditions, underpinned by the overall economic for the full year 20211 for the full year 20212 recovery, strong execution of our initiatives in key markets, and the i
Slide 16: Agenda
Agenda 1 2 3 4 5 Highlights for Financials Outlook Key Q&A Q2 2021 takeaways 16 NILFISK Q2 INTERIM REPORT 2021
Slide 17: Key takeaways for Q2
Key takeaways for Q2 • Strong growth momentum across regions, improved profitability • Actions to mitigate supply chain challenges • New CEO and CFO • Execution status review on Initiatives • More customer focus • Great potential ahead - supported by customers’ increased focus on cleaning • Strategi
Slide 18: Agenda
Agenda 1 2 3 4 5 Highlights for Financials Outlook Key Q&A Q2 2021 takeaways 18 NILFISK Q2 INTERIM REPORT 2021
Slide 19: Q&A
Q&A 19 NILFISK Q2 INTERIM REPORT 2021
Slide 20: Forward-looking statements
Forward-looking statements This presentation and related comments contain forward-looking statements. Such statements are subject to many uncertainties and risks, as various factors, of which several are beyond Nilfisk Holding’s control, may cause that the actual development and results differ mater