Bufab Ab · OMXSTO:BUFAB
Bufab Ab — Q3 2022 Earnings Presentation
13 slides from Bufab Ab's earnings presentation, Oct 27, 2022
Slide 1: Q3 2022 presentation
Q3 2022 presentation October 27, 2022 Erik Lundén, CEO Marcus Söderberg, CFO
Slide 2: Q3 Summary - Continued healthy growth & strong results
Q3 Summary - Continued healthy growth & strong results • Continued strong demand in the third quarter despite challenging market conditions – Net sales increased by 49%, with good organic growth of 9% – Stable underlying demand and organic growth was mainly a result of price increases and captured m
Slide 3: Bufab Group - Financial highlights
Bufab Group - Financial highlights 12- Quarter 3 Δ Jan-Sep Δ months Full year rolling SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 2,071 1,454 42 6,361 4,461 43 7,874 6,084 Net sales 2,122 1,425 49 6,358 4,279 49 7,953 5,867 Gross profit 601 405 49 1,807 1,195 51 2,249 1,638 % 28.3
Slide 4: Bufab Group - Financial development
Bufab Group - Financial development Quarterly Net Sales growth Net sales and EBITA Organic growth Total growth Net Sales EBITA 70 10 000 1 000 60 50 8 000 800 40 LTM Net Sales, SEK millions LTM EBITA, SEK million 30 6 000 600 Percent 20 10 4 000 400 0 -10 2 000 200 -20 -30 0 0 3.
Slide 5: Segment North
Segment North Rolling Full Quarter 3 Δ Jan-Sep Δ 12 year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 637 543 17 2,079 1,828 14 2,686 2,436 Net sales 656 545 20 2,108 1,753 20 2,721 2,366 Gross profit 169 145 16 557 458 22 711 611 % 25.8 26.7 26.4 26.1 26.1 25.8 Operating exp
Slide 6: Segment West
Segment West Rolling Quarter 3 Δ Jan-Sep Δ 12 Full year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 415 316 31 1,319 959 38 1,619 1,317 Net sales 419 289 45 1,286 910 41 1,612 1,236 Gross profit 101 70 44 305 229 33 386 310 % 24.0 24.3 23.7 25.2 23.9 25.1 Operating expenses
Slide 7: Segment East
Segment East Rolling Quarter 3 Δ Jan-Sep Δ 12 Full year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 251 228 10 792 698 13 1,027 933 Net sales 272 222 23 820 656 25 1,053 889 Gross profit 88 67 31 261 203 29 334 276 % 32.4 30.4 31.9 30.9 31.7 31.0 Operating expenses -49 -33 5
Slide 8: Segment UK/North America
Segment UK/North America Rolling Full Quarter 3 Δ Jan-Sep Δ 12 year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 767 366 109 2,172 976 123 2,542 1,398 Net sales 774 369 111 2,143 960 125 2,567 1,388 Gross profit 238 122 95 678 310 119 815 446 % 30.7 33.0 31.6 32.2 31.7 32.2 O
Slide 9: Cashflow and ND/EBITDA
Cashflow and ND/EBITDA Operating cash flow and cash conversion Net debt/EBITDA adj, x 300 300 4,0 3,5 250 250 3,0 200 200 2,5 150 150 2,0 100 100 1,5 50 50 1,0 0 0 0,5 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 -50 -50 0,0 EBITDA, adj., MSEK Operational cash-flow •
Slide 10: EBITA Bridge
EBITA Bridge EBITA Q3 2021 164 EBITA Q1-Q3 2021 526 North 20 North 76 West 25 West 53 East 4 East 3 UK/North America 53 UK/North America 90 Other 5 Other 0 EBITA Q3 2022 272 EBITA Q1-Q3 2022 748 9.
Slide 11: Consolidator in a fragmented market
Consolidator in a fragmented market +51 acquisitions since 1977 15 acquisitions 900 employees since 2014 3,400 MSEK 10.
Slide 12: Summary & Outlook
Summary & Outlook • Q3 Summary – A strong quarter overall with continued healthy growth, stable gross margin and strong result • Outlook – Given the geopolitical and macroeconomic situation, the uncertainty regarding the upcoming year has increased – A somewhat higher level of caution noted among cu
Slide 13: Q&A
Q&A BUFAB