Munters Group Ab · OMXSTO:MTRS
Munters Group Ab — Investor Day (2024)
13 slides from Munters Group Ab's investor day presentation, 2024
Slide 1: Focus on profitable growth
Focus on profitable growth Katharina Fischer, CFO & GVP Capital Markets Day 2024
Slide 2: Impressive achievements in recent years
Impressive achievements in recent years OWC*/net sales Growth Profitability development MSEK MSEK 20% 18 000 30% 2 000 16% 17.2% 27% 13.2% 12.9% 14% 23% 25% 12.2% 12.1% 15% 13.7% 14.2% 14 000 1 500 12% 13.1% 12.7% 20% 14% adj. EBITA-margin 14% 10% 10 000 10.3% 10% 13-10% average (LTM) OWC/net sales
Slide 3: Munters positioned for new growth wave
Munters positioned for new growth wave Mid-term financial targets Total net sales growth (updated) >14% Adj. EBITA-margin (unchanged) >14% OWC/Net sales* (unchanged) 13-10% Dividend policy** 30-50% of net income (unchanged) *Average OWC (Operating Working Capital) last twelve months as % of net sale
Slide 4: CFO focus: A robust financial framework supporting the new growth wave
CFO focus: A robust financial framework supporting the new growth wave Solid Growth Profit financial platform » Organic growth: » Strong focus on » Working capital driven by innovative & commercial and management sustainable solution with operational excellence » Funding strategy strong customer val
Slide 5: Performance management framework
Performance management framework Enablers: » Analytics, reporting and follow-up » Digital ways-of-working » Capital allocation principles » People and competence development Future proof finance function throughout Munters to ensure agility and data driven decision making
Slide 6: Strong growth driven by innovative and sustainable solutions with strong customer value
Strong growth driven by innovative and sustainable solutions with strong customer value Net sales 2019-2023 Looking ahead >14% MSEK CAGR 2019-2023 Revised medium term target: 15 000 49% 4% 18% Total net sales growth FoodTech M&A 16% » Core business main driver of future organic growth… 10 000 DCT AR
Slide 7: M&A categories in focus
Delivery on M&A agenda to fuel growth Structured process for M&A and integration with aligned workflows Examples: Core / consolidation M&A pipeline Acquisition of ZECO, build-up India 2023 Net sales: MSEK 510 Employees: ~1,000 M&A categories in focus Business value driven due Integration process Tec
Slide 8: Improved profitability while continuing to invest for the future
Improved profitability while continuing to invest for the future 2019-2023 Looking ahead Adj. EBITA-margin 16% >14% Unchanged medium term target: 15% Adj. EBITA-margin 14% Operational 13.2% Net pricing excellence 13% Investment in 12.2% Volume strategic » Strong focus on commercial and operational e
Slide 9: Key activities driving growth and profits
Key activities driving growth and profits Commercial Value based selling and active pricing strategies excellence Digitalized and connected offering » Capital allocation principles Targeted working capital initiatives to realize the strategy » Mgt. of different business models Operational Digital wa
Slide 10: Investments supporting next growth wave
Investments supporting next growth wave 2019-2021 2022-2023 Stability and Growth » Capital allocation priorities to drive growth profitability agenda – organic and M&A: » Innovation and CO2 reduction » Operational excellence and commercial excellence » M&A and minority investments » Dividends Divide
Slide 11: Solid financial platform important growth enabler
Solid financial platform important growth enabler Business areas Group funding OWC/Net sales Net debt / adj. EBITDAx, LTM 20% 3,2 17.2% Long-term ambition 1.5x-2.5x 2,8 3.1 14.2% 2.9 15% 13.7% 13.1% 12.7% 2,4 2,0 2.2 Mid-term target: OWC/Net sales 13-10% 2.1 10% 1,6 1.8 1,2 5% 0,8 0,4 0% 0,0 2019 20
Slide 12: Continue executing on our strategy - Positioning ourselves for the new growth wave
Continue executing on our strategy - Positioning ourselves for the new growth wave Continuous Securing profitable Focus on improving improvements and growth by creating OWC and performance more value for our secure funding for monitoring and customers growth initiatives follow-up
Slide 13: Forward-looking statements disclaimer
This presentation contains forward-looking statements that reflect Munters’ current expectations on future events and Munters’ financial and operational development. Although Munters believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, no a