Slide 1: Presentation of the second quarter of 2019
Presentation of the second quarter of 2019 16 August 2019
Slide 2: Today's Agenda and Presenters
Presentation of the second quarter of 2019 Today’s Agenda Today’s Presenters 1 Performance in Ratos company portfolio ▪ Jonas Wiström − Chief Executive Officer 2 Ratos financial position ▪ Peter Wallin − Chief Financial Officer 3 Key priorities ▪ Helene Gustafsson − Head of IR & Press 2
Slide 3: Highlights second quarter 2019
Highlights second quarter 2019 ▪ Net sales increased by 9%, organically, and amounted to 7,096 MSEK (6,495) ▪ EBITA, excluding IFRS 16, amounted to 670 MSEK (802) − Negative EBITA effect of -169 MSEK in HENT − Project write-downs of totally -133 MSEK − Q2 2018 positively affected by 65 MSEK due to d
Slide 4: Ratos organisation
Ratos organisation Construction & Consumer & Industry Services Technology Net sales, LTM 30 June (MSEK) 10,770 7,679 4,350 EBITA LTM 30 June (MSEK) 180 452 132 4
Slide 5: Business Area Construction & Services
Business Area Construction & Services ▪ Increased Net sales by 13% ▪ Decreased EBITA from 169 MSEK to -10 MSEK due to project write-downs in HENT, Q2 2018 positively impacted by divestment of HENT Eiendomsinvest Organic EBITA Q2 EBITA Q2 Company growth 2019 2018 Aibel +23% 50 44 airteam -6% 13 13 HE
Slide 6: Business Area Consumer & Technology
Business Area Consumer & Technology ▪ Net sales growth 4% ▪ EBITA decreased to 578 MSEK (604), primarily due to Oase Outdoors Organic EBITA Q2 EBITA Q2 Company growth 2019 2018 Bisnode +1% 73 75 Kvdbil +11% 4 4 Oase Outdoors -20% 13 29 Plantasjen +5% 488 496 Consumer & Technology, Total +4% 578 604
Slide 7: Business Area Industry
Business Area Industry ▪ Growth in Net sales 12% ▪ EBITA improved by 73 MSEK, primarily driven by Diab Organic EBITA Q2 EBITA Q2 Company growth 2019 2018 Diab +33% 54 -16 HL Display -2% 36 32 LEDiL -7% 9 17 TFS +9% 2 -4 Industry, Total MSEK +12% 102 29 7
Slide 8: Update on financial position
Update on financial position ▪ Balance sheet strengthening in second quarter − Sale of property and vendor note payment improves position further in the third quarter ▪ Good cash flow from operations in the second quarter by 147 MSEK ▪ Lowering gearing in 6 companies − Earnings in Diab and Speed Gro
Slide 9: Summary second quarter 2019
Summary second quarter 2019 ▪ The company portfolio gradually stabilises − The EBITA-development was however negatively impacted by the write-downs in HENT ▪ Improved financial position ▪ Key priorities − Create a positive profitability trend − Strengthen the financial positions of our subsidiaries
Slide 10: Thank you! Q&A
Thank you! O&A RATaS
Slide 11: Financial Calendar & Contact details
Financial Calendar & Contact details 5 November 2019 − Interim Report 1 January – 30 September 2019 Contact: Helene Gustafsson, Head of IR & Press, +46 70 868 40 50, helene.gustafsson@ratos.se 11