Aq Group Ab · OMXSTO:AQ
Aq Group Ab — Q4 2021 Earnings Presentation
18 slides from Aq Group Ab's earnings presentation, 2022
Slide 1: AQ Group Earnings call 2021 Year-end report
AQ Group Earnings call 2021 Year-end report 1
Slide 2: AQ Group quick facts, Fourth quarter in brief, Full year in brief
■ AQ Group quick facts ■ Fourth quarter in brief ■ Full year in brief ■ Highlights Q4 ■ Lowlights Q4 ■ Numbers ■ Market Segment development ■ Q&A 2
Slide 3: AQ Group quick facts
Production 7000 550m Euro 7 Business 15+ Market in 16 Employees Turnover areas segments countries Profit every 16% EPS 2-4 UN Global Deliveries quarter for growth/ acquisitions compact globally 27 years year / year since 2012 3
Slide 4: Fourth quarter, Oct-Dec 2021 in brief
Fourth quarter, Oct-Dec 2021 in brief led e Record turnover despite continued shortage of components and personell e Net sales increased by 19.2% to SEK 1,498 million (1,256) e Goal +15% Growth e Operating profit (EBIT) decreased by 9.4% to SEK 113 million (125) e Profit after financial items (EBT)
Slide 5: Full year, Jan-Dec 2021 in brief
Full year, Jan-Dec 2021 in brief led e Highest profit per share ever with increase of 16% e Net sales increased by 13.5% to SEK 5,471 million (4,819) e Goal +15% Growth e Operating profit (EBIT) increased by 11.3% to SEK 446 million (401) e Profit after financial items (EBT) increased by 19.5% to SE
Slide 6: Highlights Q4
Highlights Q4 e Record turnover despite continued shortage of components and personnel e High demand e Price increases are starting to give desired effect but we need to do more. e First order for cabinets to battery storage system customer. e Order intake Marine Segment e High growth in India, Esto
Slide 7: Lowlights Q4
Lowlights Q4 e Decrease in EBT margin despite large price increases e Low On-Time Delivery performance due to lack of components and manpower e Inventory e Mexico - Profit e China - Volume e Inductive components - Productivity WE ARE RELIABLE
Slide 8: EPS Growth
EPS Growth 16% EPS Growth 2021 vs 2020 8
Slide 9: Net sales
Net sales Dissapointing net sales in Q4 despite record turnover. Component supply limits us especially in Electric Cabinet, Wire Harness and System Products. Also we lack manpower in several plants in Europe and Americas. 9
Slide 10: Organic growth
Organic growth Organic growth target 5%/ year. Real organic growth is approximately 7% and 5% is price increases. We have an increasing backlog in several plants. 10
Slide 11: Acquired Growth
Acquired Growth Acquired growth target 10%/ year. The integration of the Schaffner acquisition is going according to plan. Working hard to increase pipeline of targets. Several new targets identified during Q4. 11
Slide 12: EBT Margin
EBT Margin EBT Margin (%) goal is 8% The margin shall consistently be within 8±2% for every quarter. Still difficult to catch up on inflated prices from raw material, energy and transportation. Low sales in system segment due to lack of components. One-off profit from ASG payments and revaluation of
Slide 13: Net cash from operating activities
Net cash from operating activities Cash flow is negative in the quarter due to increases in inventory and recivables due to growth and inability to deliver as planned. 13
Slide 14: Net Debt excl IFRS16
Net Debt excl IFRS16 Net debt dec 2021 326 MSEK 14
Slide 15: Inventory
Inventory Inventory increase in mainly raw material due toa mainly three factors, growth, price increases on raw material and transport and inabillity to deliver out goods due to missing components. When raw material situation becomes more stable then inventory turnover will go back to normal. 15
Slide 16: On-time Delivery (OTD) Jan-Dec - Goal 98%
On-time Delivery(OTD) Jan- Dec - Goal 98%
Slide 17: Market Segments
Market Segments Automotive & CV Off-road equipment Electric General Industry & Food & beverage Engineering Marine Medical Railway Renewables Vending machines & parking meters 17
Slide 18: WE ARE RELIABLE
WE ARE RELIABLE aq