Industrivarden Ab Class A · OMXSTO:INDU_A
Industrivarden Ab Class A — H1 2008 Earnings Presentation
12 slides from Industrivarden Ab Class A's earnings presentation, Aug 4, 2008
Slide 1: A long-term industrial developer of listed companies
”A long-term industrial developer of listed companies” Interim Report, January - June Industrivärden, August 4, 2008 AN_Pres_KV108 Nr 1
Slide 2: Company in brief
Company in brief Established: 1944 Stock: 386 million shares, listed on SSEX Market cap: Approx. USD 5.5 bn (SEK 33 bn) Free float: Approx. 40% of shares No. shareholders: 42,000 Average daily trading vol.: Approx. 280,000 shares Coverage: Carnegie, Frida Willmansson, +46 8 676 88 00 E
Slide 3: Portfolio of quality companies
Portfolio of Professional First-rate methods quality organization and models companies Concentrated portfolio Proven value creation Own-developed work methods, provides focus over many years models and systems Depth of knowledge vouch for high quality Industry-leading companies provide fav
Slide 4: First seven months 2008 in summary
First seven months 2008 in summary Net asset value on July 31 was SEK 101 per share, including reinvested dividends a decrease of 26% since the start of the year. The total return for the Class A shares was -20%, compared with -18% for the return index. Purchase of SEK 1.2 bn in Class A shares in Vo
Slide 5: The reporting period in summary
The reporting period in summary 2008 2008 2007 Equities Portfolio July 31 June 30 Dec. 31 – market value, SEK M 49,726 52,201 65,844 Transactions – acquisitions, SEK M 2,421 2,214 8,834 SEK per share – sales, SEK M 2,054 2,051 2,124 July 31 June 30 Dec. 31 – net, SEK M 367 163 6,710 2008 2008 2007 E
Slide 6: Financial position
31 -m 0,0 2,0 4,0 6,0 8,0 10,0 12,0 30 ar- 0 AN_Pres_KV108 30 -jun 1 -s 0 - 31 e p 1 Nr 6 - -0 31 dec 1 -m -01 30 ar- 0 Net debt (SEK bn) 30 -jun 2 -s 0 - 31 e p 2 - -0 31 dec 2 -m -02 30 ar- - 0 30 jun 3 -s - 0 31 e p 3 - -0 31 dec 3 -m -03 30 ar- - 0 30 jun 4 -s - 0 31 e p 4 - -0 30 dec 4 Financia
Slide 7: Development of portfolio companies
Development of portfolio companies 1-2Q: 2008 Op. income Δ, % Earn. per Δ, % P/E-ratio Operating Δ, %- Net turnover Δ, % Total return, % 98-08/yr SEK M share, SEK (r 12M) margin, % pts SEK M 12 mts Sandvik 6,973 -9 3.53 -15 11 15.2 -2.8 46.006 +8 -38 11 SHB 6,352 -22 7.66 -27 9 47.8 -9.6 13,254 -6 -
Slide 8: Active ownership – strategic activities 07/08
Active ownership – strategic activities 07/08 Handelsbanken SSAB Acquisition of IPSCO for SEK 50 bn SPP sold for capital gain of approx. SEK 4 bn Greater focus on organic growth outside Sweden increases capacity for niche products SEK 10 bn rights issue New Chairman of the board appointed
Slide 9: A portfolio of industry-leading companies
A portfolio of industry-leading companies Leading metal powder producer Leading player in complex 1% or SEK 0.4 bn (2004) construction projects 5% or SEK 2.5 bn (1987) World leader in Leading high-tech company Leading producer of moisture control in materials technology heavy vehicles 1% or SEK 0.7
Slide 10: Industrivärden's dividend
Industrivärden’s dividend 6 7% 6% 5 4.4% 5% 4 Bonusutdelning Bonus dividend 4% Ordinary utdelning Ordinarie dividend 3 4.0% SSEX dividend yield Direktavkastning börsen 3% Dividend yield Direktavkastning 2 2% 1 1% 0 0% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Dividend: 2.25 3.10 4.20 4.18 2.
Slide 11: Good long-term growth in value
Good long-term growth in value The average annual excess return for last ten years was 1 %-points/year Total return index (Index) (c) SIX AB 2008 313 Industrivärden share 250 200 150 Total Return Index (SIXRX) 100 98 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 As per July 31, 2008 AN_Pres_KV10
Slide 12: 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.waymake