Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q1 2024 Earnings Presentation
15 slides from Byggmax Group Ab's earnings presentation, Apr 23, 2024
Slide 1: ay
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Slide 2: More stores, lower cost and significantly reduced net debt
MORE STORES, LOWER COST AND SIGNIFICANTLY REDUCED NET DEBT @ Sales in line with expectations 2 new stores in Sweden Strong operational excellence Byggmax ready for high season Net debt reduced by SEK 430m vs. last year Q1 2024 Net sales, SEKm 866 Net sales growth, % -9.0% EBITA, SEKm -148 EBITA-marg
Slide 3: Everybody has the right to a fantastic home
EVERYBODY HAS THE RIGHT TO A FANTASTIC HOME Strong position on attractive market ® Butiker Showrooms Right assortment store combined with e-com Best price and quick & easy shopping Which builder’s merchant do you We care a | environment BYGGMAX
Slide 4: Byggmax Group - Q1 2024
BYGGMAX GROUP - Q1 2024 NUMBER OF STORES 211 Net +2 vs. 2023 NET SALES R12 SEK 6.0 BN -1.4% vs. 2023 EBITA R12 SEK 156M SEK -23M vs. 2023 CASH FLOW FROM OPERATING ACTIVITIES R12 SEK 964M SEK +183M vs. 2023 SHARE OF E- COMMERCE R12 18% -1%p vs. 2023
Slide 5: Leading discount position confirmed
LEADING DISCOUNT POSITION CONFIRMED a WHICH BUILDERS’ MERCHANT DO YOU FIND TO HAVE THE LOWEST PRICES? BYGGMAX ER Powe 70% Terrassebord 28x120 soon tn cueneaseny nce BILLIGST IGJEN! Answer to the question, ‘Which builders’ merchant do you find e to have the lowest prices? For femte ar pa rad er Byggm
Slide 6: Lowest price requires lowest cost
LOWEST PRICE REQUIRES LOWEST COST More efficient scheduling in stores Opening hours adjusted during low season Minimized waste Reduced administration and overhead Number of stores End of quarter +5 206 211 Q12023 =Q1 2024 Cost SEK millions -9% 322 294 Q12023 =Q1 2024 BYGGMAX
Slide 7: Optimization of assortment and inventory levels having effect
OPTIMIZATION OF ASSORTMENT AND INVENTORY LEVELS HAVING EFFECT Inventory SEK millions SERVICE LEVEL Carefully selected store | -15% assortment 1771 | Optimization of inventory 1510 level of each product More efficient logistics flows HOURS Improved ramp-up to high season Q1 2023 =Q1 2024
Slide 8: Strengthened customer offer
STRENGTHENED CUSTOMER OFFER 95% HAPPY- ..,, INDEXin = Hy stores es 2 new stores in Sweden — Umea and Klippan Later this spring, new stores in Bergen (Norway) and Mellbystrand (Sweden) will be opened Continuous improvement of store experience — new check-out area introduced Improved customization onl
Slide 9: It should be easy to make sustainable choices
IT SHOULD BE EASY TO MAKE SUSTAINABLE CHOICES High sustainability ambitions Sustainability work integrated into our customer promise 39°5 . . kr/et Promote circularity to reduce Byggskiva Eco : overall use of resources 1250x300x11 mm Fér interiért bruk. Gjord av 100% &tervunnet férpackningsmaterial.
Slide 10: Q1 2024 market in line with expectations
Q1 2024 MARKET IN LINE WITH EXPECTATIONS Sales development SEKm Gross margin development % Sales development in line with expectations - Sales decreased by 9%. 952 866 34,4 33,9 ® product Relatively stronger development margin in Sweden, our main market, with 0) Product a decrease of 5% mm - Volume
Slide 11: Efficient operations
EFFICIENT OPERATIONS EBITA, SEKm “125 -39 Q1 2023 Gross profit New stores Closed stores Depreciation -148 Q1 2024 Strong contribution in the quarter from continuous focus on efficient operations - Actions taken to further reduce cost base in store and administration to balance lower sales - Gross pr
Slide 12: Inventory, capex and cash flow development
INVENTORY, CAPEX AND CASH FLOW DEVELOPMENT Inventory Investing activities Cash flow from operating activities SeKm R12, SEKm R12, SEKm 771 964 1510 ait 117 7 : Q1 2023 Qi 2024 Qt 2023 Qi 2024 Qt 2023 Qt 2024 Actions to improve cash flow have had results. Reduced investing activities in the last 12 m
Slide 13: Financial position
FINANCIAL POSITION Net debt excl IFRS sekm Net debt excl IFRS Significantly reduced net debt position Qi 2024 - Strong focus on decreasing cost level 1421 to mitigate sales decrease in weak 9 91 S E K m market, combined with reduced inventory and low investment activity, has contributed to an improv
Slide 14: Ready for high season
READY FOR HIGH SEASON Market * Difficult time for the Nordic consumer develop- * Some positive macro signs, from low levels — consumer confidence, ment housing market Byggmax + Strong customer offering — store portfolio, assortment, channels priorities * Efficient operations and optimized inventory
Slide 15: Är smart handla billigt
[AR SMART HANDLA BILLIGT