Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q4 2021 Earnings Presentation
23 slides from Fagerhult Group Ab's earnings presentation, Feb 24, 2022
Slide 1: We light up your world – Q4 2021 presentation
We light up your world Q4 2021 presentation February 24th 2022 www.fagerhultgroup.com
Slide 2: Fourth quarter
Fourth quarter Sales development ─ Continued good recovery with increased market activity ─ Strong organic order intake and record high order backlog Operating margin ─ Good profitability levels, full year at double-digit ─ Cost control and increased industrial margins Continued supply chain challen
Slide 3: Q4 2021 in figures
Q4 2021 in figures 2 500 250 2 000 200 Order intake: 1 802 MSEK (1 537) +15,8% organic 1 500 150 Net sales: 1 820 MSEK (1 701) +6,9% organic 1 000 100 Operating profit: 161,1 MSEK (133,71) 500 50 Operating margin: 8,9% (7,9%1) 0 0 Earnings per share: 0,61 SEK (0,282) Q4 2020 Q4 2021 Net Sales, MSEK
Slide 4: Full year 2021 in figures
Full year 2021 in figures 8 000 800 7 000 700 Order intake: 7 674 MSEK (7 002) 6 000 600 +13,0% organic 5 000 500 Net sales: 7 088 MSEK (6 816) 4 000 400 +7,4% organic 3 000 300 Operating profit: 706,4 MSEK (442,11) 2 000 200 Operating margin: 10,0% (6,5%1) 1 000 100 Earnings per share: 2,64 SEK (0,
Slide 5: Recap: Our business model is based on our Business Areas
Recap: Our business model is based on our Business Areas Collection ─ Structure based on similarities in customer segments, stakeholders and geographical markets Premium ─ Purpose to increase collaboration and leverage market opportunities for organic growth ─ Main Group initiatives with common agen
Slide 6: Collection
Collection Culture, Hospitality, High- Working with global end residential, Urban community of architects landscape and lighting designers ─ Leverage Collection global footprint to grow ─ Specific North American growth strategy Q4 2021 presentation 6
Slide 7: Collection – Financial update
Collection – Financial update 1200 1200 24% 24% Financials Q4 10001000 20% 20% ─ Order intake 777 (611) MSEK, organic 25,0% 800 800 16% 16% ─ Net sales 825 (753) MSEK, organic 9,3% ─ Operating margin 5,6% (-1,2%) 600 600 12% 12% Business update 400 400 8% 8% ─ Good growth, where all businesses contr
Slide 8: Premium
Premium Office, Education, Working with lighting Healthcare, Retail and designers, electrical selected outdoor areas consultants and installers ─ Strengthen existing markets within focus segments ─ Grow in specific European markets, e.g. DACH-region Q4 2021 presentation 8
Slide 9: Premium – Financial update
Premium – Financial update 800 18% Financials Q4 700 16% ─ Order intake 666 (568) MSEK, organic 16,2% 14% 600 ─ Net sales 635 (643) MSEK, organic -1,9% 12% 500 ─ Operating margin 14,9% (11,8%) 10% 400 8% Business update 300 6% ─ Continued strong organic growth in both brands 200 4% ─ Supply chain ch
Slide 10: Professional
Professional Office, Education and Working with electrical Healthcare consultants, installers and construction companies ─ Focus on key segments and new technologies ─ Strengthen position as most sustainable partner Q4 2021 presentation 10
Slide 11: Professional – Financial update
1200 24% Professional – Financial update 400 1000 20% 20% Financials Q4 ─ Order intake 218 (168) MSEK, organic +25,6% 800 16% 300 15% ─ Net sales 236 (197) MSEK, organic 20,1% 600 12% ─ Operating margin 6,1% (3,2%) 200 10% 400 8% Business update ─ Strong growth in both order intake and net sales 100
Slide 12: Infrastructure
Infrastructure Critical Infrastructure, Working with electrical Industry and Distribution consultants and installers centres ─ Expand product offering within focus segments ─ Grow in selected European markets Q4 2021 presentation 12
Slide 13: Infrastructure – Financial update
Infrastructure – Financial update 250 50% Financials Q4 ─ Order intake 141 (184) MSEK, organic -25,0% 200 40% ─ Net sales 198 (186) MSEK, organic +7,4% ─ Operating margin 12,9% (35,1%) 150 30% Business update 100 20% ─ Full year order intake +4,9%, on top of +9,7% in 2020 ─ Supply chain challenges a
Slide 14: Fagerhult Group
Fagerhult Grg@up
Slide 15: Financial summary
Financial summary MSEK Q4 2021 Q4 2020 FY 2021 FY 2020 Net sales 1 820 1 701 7,0% 7 088 6 816 4,0% - Organic growth 117 6,9% 500 7,4% - FX-differences 9 -176 - Acquistion / divestment -7 -52 Operating profit 1 161 134 706 442 Operating profit, %1 8,9% 7,9% 10,0% 6,5% Net profit 2 108 49 470 136 Earn
Slide 16: Sales development
Sales development Net sales R12 Net sales R12, MSEK 8000 7000 6000 5000 4000 3000 2000 1000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 Q4 2021 presentation 16
Slide 17: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Adjusted operating margin1,% Rolling 12 months 16,0% 14,0% 12,0% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 Q4 2021 pre
Slide 18: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 1200 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 -200 Q4 2021 presentation 18
Slide 19: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,00 5500 5,50 5000 5,00 4500 4,50 4000 4,00 3500 3,50 3000 3,00 2500 2,50 2000 2,00 1500 1,50 1000 1,00 500 0,50 0 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20
Slide 20: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share by quarter, SEK Rolling 12 months 5 4,5 4 3,5 3 2,5 2 1,5 1 0,5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 * Q1 Q2 Q3 Q4 -0,5 2015 2016 2017 2018 2019 2020 2021 Q4 2021 presentation * Not inclu
Slide 21: www.fagerhultgroup.com
www.fagerhultgroup.com
Slide 22: Conclusions and recap
Conclusions and recap ─ Strong organic order intake growth and record high order backlog ─ Good and stable profitability levels ─ Availability of components and materials remains a challenge ─ Lifted restrictions will enable us to strengthen business relations and collaboration across the Group Q4 2
Slide 23: www.fagerhultgroup.com
Fagerhult Group www.fagerhultgr