Slide 1: Year-end Report Q4 January–December 2020
Year-end Report Q4 January–December 2020 Mårten Andersson, CEO Andreas Stenbäck, CFO 19 February 2021 Note: In Q4 2020, all operations in the Consumer business area were divested and the business area was closed. Thus, the income statements for 2020 and 2019 are adjusted and presented excluding the
Slide 2: Financial development in Q4 2020
Financial development in Q4 2020 Net sales, SEK million Net sales 2000 SEK 1,880 m (1,600) 1500 1000 2018 2019 2020 500 EBITA 0 Q1 Q2 Q3 Q4 SEK 163 m (155) EBITA, SEK million 180 160 140 120 100 2018 Return on adjusted equity 80 2019 60 51% 2020 40 20 0 Q1 Q2 Q3 Q4 Volati Year-end Report January–Dec
Slide 3: Strong growth in largest business areas
Strong growth in largest business areas • Continued impressive EBITA growth in the largest business areas – Trading +50% and Industry +30%. • Sales in digital channels up by 66% and net sales up by 1% in business area Akademibokhandeln despite challenging conditions for the store network during the
Slide 4: Evaluating separate listing of Akademibokhandeln
Evaluating separate listing of Akademibokhandeln • The board has instructed Group management to evaluate a possible distribution and listing of business area Akademibokhandeln under the “Lex Asea” rules. • As a result of recent years' investments in business development, Akademibokhandeln's digital
Slide 5: Financial development, full year 2020
Financial development, full year 2020 Net sales EBITA Operating cash flow Net debt/adjusted EBITDA SEK 6,696 m SEK 488 m SEK 623 m -0.8 x (2019: 5,938) (2019: 388) (2019: 403) (2019: 1.5) 8 000 600 7 000 500 6 000 400 5 000 4 000 300 3 000 200 2 000 100 1 000 0 0 Q3 Q1 Q3 Q1 Q2 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 6: Volati creates long-term value growth
Volati creates long-term value growth* Since the IPO in 2016, our average annual EBITA growth has been 40 percent. Excluding discontinued operations the corresponding growth has been 28 percent. Net sales EBITA 8 000 1 400 1 229 7 000 1 200 6 000 1 000 5 000 513 800 4 000 600 3 000 433 377 326 318 4
Slide 7: Trading
Business area Trading Continued impressive growth • Another quarter with high growth in both sales and earnings – EBITA +55%. EBITA for the full year +49% • Trading has benefited from a continued strong market, through its well-known 47% brands and leading market positions. • Integration of Pisla is
Slide 8: Industry
Business area Industry Another good quarter for Industry • Another good quarter with strong sales and earnings growth – EBITA +31%. EBITA for the full year +32%. • The integration of Beneli and Märkas into the Ettiketto business unit has been 42% successful, where synergy effects will contribute to
Slide 9: Akademibokhandeln
Business area Akademi- bokhandeln Continued strong growth in digital channels • 66% growth in digital channels – in total accounting for 40% of sales during the quarter. • Sales increased in Q4. Earnings temporarily affected by channel shift from store 12% channel to lower margin e-commerce channel,
Slide 10: Creating a strong acquisition pipeline
Creating a strong aquisition pipeline Add-on acquisitions Platform acquisitions • A decentralised acquisition organisation. • A centralised acquisition organisation. • All structures and processes in place to manage • Volati has broad acquisition expertise and the entire acquisition process in the b
Slide 11: Synergetic add-on acquisitions in 2020 and 2021
Synergetic add-on acquisitions in 2020 and 2021 Heco Nordiska Beneli Märkas Pisla JPT-Industria January 2020 June 2020 September 2020 September 2020 January 2021 Add-on Add-on acquisition Add-on acquisition to Add-on Add-on acquisition acquisition to Industry and Industry and business acquisition to
Slide 12: All financial targets achieved in 2020
All financial targets achieved in 2020 EBITA growth Return on adjusted equity Capital structure The target is average annual growth in The long-term target is a return on adjusted The target is a net debt/adjusted EBITDA* EBITA per ordinary share of at least 15 equity* of 20 percent. ratio of 2 to 3
Slide 13: Conclusions and steps ahead
Conclusions and steps ahead Strong earnings growth in 2020 Giving companies the • EBITA growth of 26 percent for the full year confirms the positive right conditions to grow trend with very good earnings growth in our operations. Solid financial position • Net debt to EBITDA at -0.8 x. Still well be
Slide 14: Volati – a growing Swedish Industrial Group
Volati – a growing Swedish Industrial Group Volati Year-end Report January–December 2020 14
Slide 15: Volati Year-end Report January–December 2020
Volati Year-end Report January–December 2020 15