Momentum Group Ab Class B · OMXSTO:MMGR_B
Momentum Group Ab Class B — Q3 2023 Earnings Presentation
20 slides from Momentum Group Ab Class B's earnings presentation, Oct 27, 2023
Slide 1: Interim report Q3 2023
Interim report Q3 2023 27 October 2023
Slide 2: Presenting today
Presenting today Ulf Lilius Niklas Enmark President and CEO CFO Momentum Group 27/10/2023 2
Slide 3: Agenda
Agenda • Q3 highlights • Development during the quarter • Growth strategy • Q&A Momentum Group 27/10/2023 3
Slide 4: Strong earnings and revenue growth in the quarter
Q3 highlights Strong earnings and revenue growth in the quarter Revenue: EBITA: EBITA/WC: +45% +40% 60% • Strong sales development with 8% • Organic growth. • Profitability remains high. organic growth. • Cost control. • Focus on keeping low and stable • Demand still generally stable. working capita
Slide 5: Q3 2023 Development during the quarter
Q3 2023 Development during the quarter
Slide 6: Group: Sales Q3 2023
Group: Sales Q3 2023 • Revenue increased by 45% to SEK 580 m (400). • Growth in comparable units of 8%. • Demand still generally stable. Some customers show signs on lower level of activity. • Global component shortage less noticeable. • More moderate increase in purchase prices and costs. • Still n
Slide 7: Group: Earnings Q3 2023
Group: Earnings Q3 2023 • Earnings growth due to: – Organic revenue growth – Clear contribution from acquisitions – Cost control and well-managed price/cost increases • Operating profit rose by 32% to SEK 62 m (47). • EBITA increased by 40% to SEK 70 m (50). – EBITA margin 12.1% (12.5). • Net profit
Slide 8: Group: 1 Jan-30 Sep 2023
Group: 1 Jan-30 Sep 2023 • Revenue increased by 31% to SEK 1,631 m (1,245). • Growth in comparable units of 8%. • Operating profit rose by 32% to SEK 176 m (133). • EBITA increased by 32% to SEK 195 m (148). • EBITA margin of 12.0% (11.9). • Net profit SEK 129 m (101). • Earnings per share SEK 2.60
Slide 9: Components business area
Components business area Momentum Industrial Specialist • Healthy volume growth, primarily in the automotive, • Generally stable demand and growth in both sales and paper & pulp and mining customer segments. earnings. Strong contribution from several acquired • A number of project deals adding to vo
Slide 10: Services business area
Services business area • Generally good occupancy levels, but weaker volume in some workshops with slightly more restrained customers. • Lower share of component sales affected volume and profitability. • Some adjustments in workforce due to customer focus. • Intertechna and Mytolerans showed increa
Slide 11: Profitability, cash flow and financial position
Profitability, cash flow and financial position • EBITA/WC 60% (62). • Cash flow from financing activities SEK 204 m (–81) • Return on equity 32% (28). – change in interest-bearing liabilities SEK +240 m (+22) • Cash flow from operating activities for the reporting – paid dividends SEK –50 m (–). pe
Slide 12: Acquisitions in the period
Acquisitions in the period Processkontroll iTEMS Conclean Leading niche player in instrumentation for demanding Leading niche player in private sewage, rainwater recycling operating conditions for customers primarily in the process, and stormwater management, primarily for infrastructure gas, biogas
Slide 13: Growth strategy
Growth strategy mi momentum"
Slide 14: Growth in net sales and EBITA
Growth in net sales and EBITA Growth in net sales Growth in EBITA 35% 35% 30% 30% 25% 25% Financial 20% 20% target: 15% 15% EBITA 10% 10% >15% 5% 5% 0% 0% 2021 2022 2023 YTD Sep 2021 2022 2023 YTD Sep Comparable units Acquisitions Comparable units (incl OH & IFRS) Acquisitions Strong organic growth
Slide 15: Corporate Governace
Corporate Governace • Organic growth by developing our companies. • Cash flow EBITA/WC to finance our expansion and development. • Margin around double digits in order to have EBITA/WC > 45%. • 3-5 acquisitions every year. • Aims to at least double earning every five years – increase EBITA to SEK 34
Slide 16: Contact us
Contact us Please email us at ir@momentum.group if you have any questions. Momentum Group momentum.group
Slide 17: Appendix
mi momentum" Appendix
Slide 18: IFRS effects on cash flow
IFRS effects on cash flow Reporting period R12 Jan-Sep Jan-Sep Sep MSEK 2023 2022 2023 FY 2022 IFRS effects on cash flow from operations 47 37 60 50 IFRS effects on cash flow from financing activities -47 -37 -60 -50 Net 0 0 0 0 Momentum Group 27/10/2023 18
Slide 19: Largest shareholders
Largest shareholders Shareholder A shares B shares Capital Votes Nordstjernan 213 27,776,641 55.02% 50.00% Tom Hedelius 513,124 1.02% 9.24% Fidelity Investments (FMR) 3,729,989 7.39% 6.71% Ampfield Management 3,523,225 6.98% 6.34% Lannebo Fonder 1,145,915 2.27% 2.06% Momentum Group AB 1,104,794 2.19
Slide 20: Dates for upcoming financial information
Dates for upcoming financial information 15 February 2024 17 July 2024 Year-end report 2023 Interim report Q2 2024 31 March 2024 24 October 2024 Annual and sustainability report Interim report Q3 2024 26 April 2024 14 February 2025 Interim report Q1 2024 Year-end report 2024 7 May 2024 Annual Genera