Industrivarden Ab Class A · OMXSTO:INDU_A
Industrivarden Ab Class A — Q1 2009 Earnings Presentation
14 slides from Industrivarden Ab Class A's earnings presentation, May 4, 2009
Slide 1: A long-term industrial developer of listed companies
”A long-term industrial developer of listed companies” 1Q:2009 Interim Report Industrivärden, May 4, 2009 Pres_KV109 Nr 1
Slide 2: Company in brief
Company in brief Established: 1944 Stock: 386 million shares, listed on SSEX Market cap: Approx. USD 3.5 bn (SEK 28 bn) Free float: Approx. 40% of shares No. shareholders: 48,000 Average daily trading vol.: Approx. 650,000 shares Coverage: Handelsbanken Markets, Magnus Dalhammar +46 8
Slide 3: Mission, goal and strategy
Mission, goal and strategy Business mission Create shareholder value based on a professional investment operation and active ownership Our goal Generate high growth in net asset value over time Industrivärden’s stock will deliver a high total return to shareholders Portfolio Conditions Sectors: Se
Slide 4: Industrivärden at a glance
Industrivärden at a glance Our strengths Our portfolio Holding Market Share of Share of value, SEK bn votes, % portfolio, % Long-term active ownership Handelsbanken 9.0 23 10.3 Sandvik 7.3 18 11.5 Blue chip portfolio SCA 5.6 14 29.8 Ericsson 5.2 13 13.3 SSAB 4.1 10 21.2 Volvo 3.8 9 8.5 Skanska 2.6 7
Slide 5: Development during January – April 2009
Development during January – April 2009 Net asset value SEK 31.0 bn or SEK 80/share a increase of SEK 7.1 bn, or 30% for the year Total return of 29% for the Class A shares 9 %-points better than the return index Net debt was SEK 8.9 bn a decrease of SEK 1.9 bn during the year proforma
Slide 6: 1Q:2009 in summary
1Q:2009 in summary 2009 2009 2008 Equities Portfolio April 30 March 31 Dec. 31 – market value, SEK M 39,885 34,097 34,744 Transactions – acquisitions, SEK M 24 24 4,644 SEK per share – sales, SEK M 310 10 4,314 Apr. 30 March 31 Dec. 31 – net, SEK M -286 14 330 2009 2009 2008 Equities portfolio Debt
Slide 7: Development of net asset value
Development of net asset value Kr/aktie SEK/share SEK M Mdkr 70 160 151 142 142 60 140 125 125 50 120 108 102 40 95 87 100 30 78 80 80 63 62 60 20 60 10 40 0 -10 20 -20 0 Portfolio Aktieportföljen Net debt Nettoskuld Substansvärde Net asset value Pres_KV109 Nr 7
Slide 8: A portfolio of industry-leading companies
A portfolio of industry-leading companies Leading metal powder producer 1% or SEK 0.3 bn (2004) Leading player in complex construction projects 7% or SEK 2.5 bn (1987) World leader in moisture control Successful universal bank 1% or SEK 0.4 bn (2002) with international growth Leading producer of bas
Slide 9: Equities portfolio as per April 30, 2009
Equities portfolio as per April 30, 2009 Value % of % of % of votes distribution portfolio capital in in Stock No. shares SEK M SEK/share value company company Handelsbanken A 63,086,964 8,955 23 23 10.1 10.3 Handelsbanken B 87,145 Sandvik 136,431,200 7,299 19 18 11.5 11.5 SCA A 48,600,000 5,582 14
Slide 10: Active ownership – strategic activities 07-09
Active ownership – strategic activities 07-09 Handelsbanken SSAB Acquisition of IPSCO for SEK 50 bn Greater focus on organic growth outside Sweden Acquisition of a Danish bank with 14 offices increases capacity for niche products Divesture of IPSCOs tube business New Chairman of the board
Slide 11: Financial position
30 - 1,0 3,0 5,0 7,0 9,0 -1,0 11,0 13,0 15,0 Pres_KV109 30 j u n -s -0 31 e p 1 -d -0 Nr 11 31 e c 1 -m -01 3 0 a r- - 0 30 j u n 2 -s -0 31 e p 2 -d -0 Net debt (SEK bn) 31 e c 2 -m -02 3 0 a r- - 0 30 ju n 3 -s -0 31 e p 3 -d -0 31 e c 3 -m -03 3 0 a r- - 0 30 ju n 4 -s -0 31 e p 4 -d -0 30 e c 4
Slide 12: Industrivärden's dividend
Industrivärden’s dividend 6 9% 8% 5 7% 7.9% 4 6% Bonusutdelning Bonus dividend 5% Ordinary utdelning Ordinarie dividend 3 5.0% 4% SSEX dividend yield Direktavkastning börsen Dividend yield Direktavkastning 2 3% 2% 1 1% 0 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Dividend: 3.10 4.20 4.18 2
Slide 13: Good long-term growth in value
Good long-term growth in value The average annual excess return for last ten years was 2%-points/year Total return index (Index) (c) SIX AB 2009 391 350 Industrivärden share 300 250 200 150 Total Return Index (SIXRX) 100 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 09 As per April 30, 2009 Pres
Slide 14: Industrivärden online
Industrivärden online Reuters code INDUa.ST Bloomberg code INDUA SS Datastream code W :IU www.industrivarden.net info@industrivarden.se +46-8-666 64 00 +46-8-661 46 28 Box 5403, SE-114 84 Stockholm, Sweden www.industrivarden.net / IR / Ask… / Info... Press release direct: www.cision.