Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q3 2024 Earnings Presentation
17 slides from Byggmax Group Ab's earnings presentation, Oct 25, 2024
Slide 1: Q3 Report 2024
Q3 REPORT 2024 October 25, 2024 Karl Sandlund, CEO Helena Nathhorst, CFO
Slide 2: Improved profitability during the third quarter 2024
IMPROVED PROFITABILITY DURING THE THIRD QUARTER 2024 Q3 2024 r Profitability continues to improve Net sales, SEK M 1965 Like-for-like sales growth +1.3% Net sales growth, % +0.3% r 7 quarters with reduced cost EBITA, SEK M 249 Net debt reduced by 23% vs. last year . EBITA-margin, % 12.7% oO Improved
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 find to have the lowest price? 67% We care people, society, environment BYGGMAX
Slide 4: Byggmax Group - Q3 2024
BYGGMAX GROUP - Q3 2024 CASH FLOW FROM NUMBER OF OPERATING SHARE OF E- STORES NET SALES R12 EBITA R12 ACTIVITIES R12 COMMERCE R12 SEK | SEK | SEK 212 | 5.9bn | 208M | 678M | 18%
Slide 5: Macro — improved consumer confidence in Sweden
MACRO — IMPROVED CONSUMER CONFIDENCE IN SWEDEN Inflation rates Consumer confidence House transactions Sweden (R12) 14% 20 — 65 z 12% 9 60 10 2 10% ‘\ Ss is) a f=) 8% f’ / \\ W 45 6% -10 40 4% -20 35 - 2% 30 »~ -30 0% 25 Inflation last month each quarter -40 20 -2% ° Q1 Q2 G3 G4 G1 Q2 3 4 G1 A203 44
Slide 6: Improved profitability in a cautious market
IMPROVED PROFITABILITY IN A CAUTIOUS MARKET EBITA margin R12 Percent Total sales in Q3 in 14% line with last year 12% Like-for-like sales +1.3% (Q3 ‘24 vs 10% ‘23) 8% 28 Strong gross 6% margin A% Reduced cost edu 2% 0% Q1 Q3 Qi Q3 QI Q3 Qi Q3 QI Q3 2020 8 2021 2022 2023 2024
Slide 7: Strong operational excellence
STRONG OPERATIONAL EXCELLENCE Cost development year-on-year Personnel and other external cost 7 quarters of reduced cost ; -2% Lower cost despite more stores and -4% inflation _ . “7% Efficient operations and overhead “9% -10% -11% -13% Qi Q@2. Q@3 @4 Qi Q2 Q3 2023 2024 BYGGMAX
Slide 8: Effect from assortment and inventory
EFFECT FROM ASSORTMENT AND INVENTORY Inventory SEK millions Optimization of 1771 rtmen 1711 assortment 1678 4 608 _ Enhanced supply 1370 1422 chain and inventory 1261 1203 management > Improved capital efficiency and product availability in stores Q3 Q4 Qi @2 Q3 @Q4 QI @2 Q3 2022 2023 2024
Slide 9: Optimization of customer offer
OPTIMIZATION OF CUSTOMER OFFER Improved made-to-order Strong operational focus offering Optimization of e-commerce a} ByeGMAX BYGOVARUHUS pretty = 7 - f | e | ‘DESIGNA DIN MIX-GARDEROB MED ees : BYGGMAX
Slide 10: Improved position to build from
IMPROVED POSITION TO BUILD FROM Elevate Amplify Simplify High customer Improved stores’ Lower cost Well-balanced Strengthened satisfa &e-com inventory balance sheet . (Net debt excl IFRS16) -28% 159, - P -46% Q3YTD _Q3YTD Q3 Q3 Q3 @3 2022 2024 2022 2024 2022 2024
Slide 11: Q3 sales in line with last year
Q3 SALES IN LINE WITH LAST YEAR Sales development SEK M 1965 . . 1960 Sales in the quarter increased by 0.3% to SEK 1965 M Like for like +1.3% Like for like sales +1.3% with comparatively strongest development in Sweden. New stores +0.6% Closed stores -0.3% Foreign exchange -1.3% 212 stores, net 3 n
Slide 12: Strong gross margin improvement in the quarter
STRONG GROSS MARGIN IMPROVEMENT IN THE QUARTER Gross margin development % 34,1 ® Product mix E-commerce offering (©) Purchasing Q3 2023 35,9 Q3 2024 Strengthened gross margin from relatively lower share for the season of heavy building material and timber Optimization of e-commerce assortment and fr
Slide 13: Improved profitability in the quarter
IMPROVED PROFITABILITY IN THE QUARTER EBITA, SEK M Strengthened gross margin main driver to the improved 1 28 profitability in the quarter Continued high cost control in both store and administration H -3 210 i Depreciation in line with previous year. Depreciation from increase in lease store cost (
Slide 14: Stable strong cash generation
STABLE STRONG CASH GENERATION Cash flow from operating activities Investing activities R12, SEKM R12, SEKM 843 182 678 Stable strong cashflow from enhanced profitability, continued 33 working capital optimization and 7 reduced investment level Q3 2023 Q3 2024 Q3 2023 Q3 2024
Slide 15: Significantly reduced net debt position
SIGNIFICANTLY REDUCED NET DEBT POSITION Net debt excl IFRS 16 SEKM Net debt excl IFRS 16 @3 2024 630 S E K A8 8 M Net debt reduced to SEK 488 M 488 . Net debt/EBITDA in Q3 at 1.3x 142M vs. Q3 2023 compared to 1.6x last year Committed credit facilities Average net debt leverage last 12 Q3 2024 month
Slide 16: Ready for the future
READY FOR THE FUTURE Market develop- * Gradually improving consumer confidence and housing market ment position to + Lower cost and optimized inventory levels build from + Strengthened balance sheet with reduced net debt Ready for * Strong discount offering with widespread store network growth * Com
Slide 17: Är smart handla billigt
[AR SMART HANDLA BILLIGT