Munters Group Ab · OMXSTO:MTRS
Munters Group Ab — Investor Day (May 2019)
14 slides from Munters Group Ab's investor day presentation, May 2019
Slide 1: Agenda – platform for today and the future
Agenda – platform for today and the future CEO – Munters Towards Full Potential • A strong company – but disappointing performance since IPO • Global player in niche markets • Full Potential Program to seize opportunities Global Operations – Building a customer-oriented and scalable platform AirTech
Slide 2: Full Potential Program in three phases – focus on the first
Full Potential Program in three phases – focus on the first PHASE 1: STABILITY PHASE 2: PROFITABILITY PHASE 3: GROWTH Secure stable and profitable Improve performance Accelerate growth in platform attractive segments and geographies 2
Slide 3: Phase 1: Secure a stable and profitable platform
Phase 1: Secure a stable and profitable platform Strengthen leadership team STABILITY Simplify Munters structure into two decentralized Business Areas Secure stable and profitable platform Drive leaner structures and cash efficiency Drive Data Center performance uplift through focus towards
Slide 4: New organization and leadership team in place
STABILITY – Secure stable and profitable platform New organization and leadership team in place • Klas Forsström appointed new President and CEO effective no later than mid-October 2019 – 20 years of senior management positions at Sandvik (including President of Sandvik Hard Materials and Sandvik Co
Slide 5: 2 Business Areas – under 1 vision – with a shared operations platform
STABILITY – Secure stable and profitable platform 2 Business Areas – under 1 vision – with a shared operations platform CEO “Sustainable climate AirTech FoodTech solutions for demanding industrial and agricultural applications” Global Operations HR, Communications Finance, IT, IR and CSR and Strateg
Slide 6: Governance and accountability strengthened in Business Areas
STABILITY – Secure stable and profitable platform Governance and accountability strengthened in Business Areas Strengthened regional management teams Clarified strategic priorities and strengthened accountability More result-oriented and effective Business Area organizations Launched quarterly follo
Slide 7: Full program target EBITA improvement of 210 mSEK run-rate 2019E
STABILITY – Secure stable and profitable platform Full program target EBITA improvement of 210 mSEK run-rate 2019E Full Potential Program EBITA run-rate impact (mSEK) AirTech 95 FoodTech 40 1 Group Overhead 25 Total savings 160 Data Center (AirTech) performance uplift 50 2 Total program 210 7
Slide 8: Full impact expected in 2020
STABILITY – Secure stable and profitable platform Full impact expected in 2020 Program 2019 adj. EBITA impact 2020 adj. EBITA impact One-time costs Cash pay-back time – equals ongoing annual run-rate mSEK -350 costs Approx. Total program impact mSEK +105 mSEK +210 (60% during H1 and 40% during H2 20
Slide 9: Savings progressing according to plan
1 STABILITY – Secure stable and profitable platform Savings progressing according to plan Full Potential Program Savings 2019 end-of-year target = 160 mSEK • FTE reductions and other cost savings according to plan • One-time costs of 61 mSEK Run-rate savings according to plan (mSEK) Actuals Planned
Slide 10: Data Center profit uplift progressing according to plan
2 STABILITY – Secure stable and profitable platform Data Center profit uplift progressing according to plan Europe Americas • Union consultations ongoing according to the so- • Order backlog in Americas is 139% higher than at the called “Renault process” regarding intended closure of end of Q1 last
Slide 11: Strategic alternatives for ME and DC being evaluated
STABILITY – Secure stable and profitable platform Strategic alternatives for ME and DC being evaluated Data Center Mist Elimination Underlying market 10-15% expected CAGR in years to Up to 10% expected CAGR in years to growth? come come Leading technological solution and one Competitiveness
Slide 12: Full Potential Program – starting to look into future phases
Full Potential Program – starting to look into future phases PHASE 1: STABILITY PHASE 2: PROFITABILITY PHASE 3: GROWTH Secure stable and profitable Improve performance Accelerate growth in platform attractive segments and geographies 12
Slide 13: Our aspiration for 2021
Our aspiration for 2021 • World leading position in selected growing markets where the Perfect industrial and agricultural Climate is mission-critical • Customer see us as the most innovative partner of energy-efficient solutions – built around deep application expertise, leading technologies, a com
Slide 14: We are confident we can deliver on our financial targets
We are confident we can deliver on our financial targets • We operate in attractive markets driven by strong sustainability oriented global trends Net Sales growth of 5% Adjusted EBITA Margin of 14% mid-term • We pursue leading positions in selected market segments Net Debt/adjusted EBITDA ratio of