Sdiptech Ab Class B · LSIN:0AAV
Sdiptech Ab Class B — Q3 2022 Earnings Presentation
22 slides from Sdiptech Ab Class B's earnings presentation, Oct 27, 2022
Slide 1: Q3 Report July – September 2022
Q3 REPORT JULY – SEPTEMBER 2022 October 27, 2022 Creating sustainable, efficient and safe societies
Slide 2: Today's presenters
Today’s presenters Jakob Bengt Holm Lejdström CEO CFO Joined Sdiptech in 2014 Joined Sdiptech in 2018 401,228 Class B shares (through 96,845 Class B shares, 500 Preference Currussel AB), 940 Preference shares shares and 60,300 warrants and 113,000 warrants Background: CFO Lagercrantz Group
Slide 3: Third quarter, Financial development, Outlook
Third quarter Financial development Outlook 3
Slide 4: Creating sustainable, efficient and safe societies
CREATING SUSTAINABLE, EFFICIENT AND SAFE SOCIETIES An infrastructure technology group 3,237 19.4% 38% 41% MSEK Net Sales EBITA*-margin Growth EBITA* CAGR EBITA* LTM Q3 2022 LTM Q3 2022 LTM Q3 2022 2017 – Q3 2022 Sources: Sdiptech Financial reports, LTM Q3 2022 4
Slide 5: Overall goal is to create value by increasing profits every year
Sdiptech’s overall goal is to create value by increasing profits every year 629 Sdiptech’s overall goal is to create sustainable, long-term value growth by consistently increasing profits, every year 509 Sdiptech’s business model is designed to acquire niched companies and develop them to their
Slide 6: Strong quarter for the Group. Lower results in unit for EV-charging.
Strong quarter for the Group. Lower results in unit for EV-charging. The Group Development in unit Unit for EV-charging forkey solutions, EV-charging solutions investments highlights A new technology platform has been developed for launch in 2022 Growth Net sales +33%, EBITA* +43% Due to short
Slide 7: Solid demand, margin expansion and strong pipeline
Solid demand, margin expansion and strong pipeline Demand continues to be good Positive organic growth in general, organic net sales growth 2.8% excl. EV charging unit Price revisions had positive effect on net sales Net sales hampered to some extent, e.g. shortages on customer side, lack of
Slide 8: Unit for EV-charging, key investments highlights
Unit for EV-charging, key investments highlights New technology platform delivered A total redesign of the controller unit, all IPR of hardware and software belongs to us New functions not available on the market today, next generation of EV chargers Compliant with the new regulation for sma
Slide 9: Acquisitions Jan – Sep 2022
Acquisitions Jan – Sep 2022 158 Four acquisitions completed in 2022 160 150 Stepped down from three out seven processes, 140 demonstrates our commitment to quality 130 125 120 Several ongoing projects 110 100 94 ------------------------------------------ EBITA MSEK 93 90 90 83 80 67 New mark
Slide 10: Third quarter, Financial development, Outlook
Third quarter Financial development Outlook 10
Slide 11: Group sales & EBITA*-margin
Group sales & EBITA*-margin MSEK 3,400 3,237 25% +26% Sales by country, LTM Q3 2022 3,200 3,026 3,000 2,844 2,800 2,719 19.4% 14% 2,574 18.7% 18.9% 19.1% 20% 2,600 17.7% 24% 2,400 +25% 16.6% 1% 2,200 2,088 3% 1% 2% 14.4% 15% 2,000 1,825 3% 1,496 1,800 11.8% 11.4% 6% 1,600 1,400 10% 1,200 1,078 1,000
Slide 12: EBITA* & EBITA*-margin
EBITA* & EBITA*-margin MSEK Quarter 650 629 25% +38% Sales increased by 33%, whereof -5.5% organic, 600 577 excl currency effects. 550 538 Excluding the Group's unit for electric car chargers, organic 509 19,1% 19,4% 20% 457 18,9% growth was +2.8%, excl currency effects. 500 17,7% 450 +41% 16,6%
Slide 13: Resource Efficiency
Resource Efficiency Quarter Sales increased by 10% to SEK 284m (258) 1 300 24,4% 1 237 1 262 25% Partly driven by the newly acquired business unit 24,3% 23,7% 1 200 1 157 23,2% Agrosistemi. 23,5% 22,8% Solid organic growth in several business units. 1 100 1 028 20,8% 20% The unit for chargin
Slide 14: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter 1 974 2 000 25% Sales increased by 48% to SEK 573m (388) 1 789 Most business units saw good sales growth in the 1 683 1 691 1 688 quarter. 20% The operations in transport cooling solutions, and 1 500 1 473 19,8% 19,0% tools for forklifts, experienced di
Slide 15: Additional metrics
Additional metrics Cash conversion, EPS 1) from ops (SEK per share) Net financial Net debt/ debt/EBITDA EBITDA2) Q3 2022 59% 3.43 (77%) (2.05) 1.80 3.71 (1.05) (3.16) LTM Q3 80% 9.90 2022 (75%) (6.42) 1) EPS: earnings per ordinary share, after dilution and deduction of dividends to preference shareh
Slide 16: Third quarter, Financial development, Outlook
Third quarter Financial development Outlook 16
Slide 17: Looking ahead
Looking ahead Solid demand, infrastructure is always needed Unchanged view on a growing customer demand, order books are good. Build up of backlog is expected (as before). Catch-up on delays is expected (as before). Profitability: margin expansion to continue towards 20% Acquisitions. Continue
Slide 18: Thank you for listening
Thank you for listening > SDIPTECH
Slide 19: Appendix
Appendix > svPTECH
Slide 20: Management Team and Board of Directors
Management Team and Board of Directors Management Jakob Holm 401,228 (Class B), 940 (Pref) 113,000 (Warrants) Fredrik Navjord 55,524 (Class B) 42,500 (Warrants) CEO Axholmen, General Electric, Accenture Head of Metric, Addtech, Volvo M.Sc. KTH Royal Institute of Technology Water & Energy M.Sc. Chalm
Slide 21: Ownership 30 September 2022
Ownership 30 September 2022 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 5 061 617 13.56% 9.15% Swedbank Robur Funds 3 126 909 8.37% 5.65% Handelsbanken Funds 2 976 677 7.97% 5.38% Invesco 2 301 346 6.16% 4.16% Saeid Esmaeilzadeh 1 000 000 1 025 811 5.43% 19.93% Ashkan Pouya
Slide 22: EBITA* → Net profit
EBITA* → Net profit MSEK 2022 2021 2022 2021 Jan – Sep Jan – Sep LTM Sep Full Year Net Sales 2,487.7 1,969.8 3,236.8 2,718.9 Operational costs -2,012.2 -1,613.9 -2,607.8 -2,209.6 Profit from operations, EBITA* 475.5 355.9 629.0 509.3 EBITA*, best representation of the profits from the ongoing operat