Investment AB Latour Class B · OMXSTO:LATO_B
Investment AB Latour Class B — Q2 2016 Earnings Presentation
13 slides from Investment AB Latour Class B's earnings presentation, Sep 10, 2016
Slide 1: Interim report January – June, 2016
Interim report January – June, 2016 Investment AB Latour
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company Focus on long-term value creation Latour Wholly owned operations Investment portfolio Part-owned operations (21,2 %) (66,1 %) (31,1 %) (21,6 %)
Slide 3: Highlights in the investment portfolio
Highlights in the investment portfolio An increase in total return for the portfolio Total return for the portfolio companies 25% 20% SIXRX (-3,7%) 15% 10% 5% 0% -5% -10% -15% -20% -25% Sweco Fagerhult Securitas Tomra Assa Abloy Troax HMS Nobia Nederman Loomis The total return, including share price
Slide 4: The wholly owned operations
The wholly owned operations Strong profit development
Slide 5: Highlights in the wholly owned operations
Highlights in the wholly owned operations Transactions during the quarter Acquisitions Second quarter Divestments Earlier this year
Slide 6: Business area Hultafors Group
Business area Hultafors Group Strong organic growth Development net sales and result, SEK M 2500 250 SEK m Q2 2016 Q2 2015 2000 200 Net sales 422 362 Reported 60 48 1500 150 operating result 1000 100 Adjusted operating result 60 48 500 50 Adjusted operating margin, 14.2 13.2 0 0 % 2012 2013 2014 201
Slide 7: Business area Latour Industries
Business area Latour Industries Growth through acquisitions Development net sales and result, SEK M 2000 200 SEK m Q2 2016 Q2 2015 1800 180 1600 160 Net sales 421 311 1400 140 Reported 51 41 1200 120 operating result 1000 100 800 80 600 60 Adjusted operating result 51 41 400 40 Adjusted 200 20 opera
Slide 8: Business area Nord-Lock Group
Business area Nord-Lock Group Growth in challenging market Development net sales and result, SEK M 1500 300 SEK m Q2 2016 Q2 2015 1250 250 Net sales 234 197 1000 200 Reported operating result 72 57 750 150 500 100 Adjusted operating result 72 57 250 50 Adjusted operating margin, 30.9 28.9 0 0 % 2012
Slide 9: Business area Swegon
Business area Swegon Strong organic growth Development net sales and result, SEK M 4000 400 SEK m Q2 2016 Q2 2015 3500 350 3000 300 Net sales 1 070 928 2500 250 Reported operating result 124 80 2000 200 1500 150 Adjusted operating result 124 80 1000 100 Adjusted 11.6 8.6 500 50 operating margin, 0 0
Slide 10: Net asset value per share SEK by the end of June
Net asset value per share 320 SEK by the end of June Investment portfolio 37,8 Wholly owned operations Part-owned operations etc 14,4 0,5 Less net debt etc 1,7 Latour’s net asset value 51,1 SEK per share 320
Slide 11: Financial targets
Long-term perspective Financial targets Annual growth >10% Operating margin >10% Return on operating capital 15-20%
Slide 12: International growth with proprietary products
Net sales outside the Nordic region International growth with proprietary products 52% 20% Sales outside Sweden at the end of June: 71 % of total net sales 2003 June 2016
Slide 13: Investment AB Latour Q&A
Investment AB Latour Q&A