Slide 1: Year-end Report 2018
Year-end Report 2018 Jonas Wiström 8 February 2019
Slide 2: Proposed dividend and full year earnings
Proposed dividend and full year earnings ▪ Proposed dividend SEK 0,50 per share (2.00) − Ratos maintains good financial position ▪ Profit in portfolio companies, 604 MSEK (679) 2018* − HENT, Plantasjen and Diab negative impact − Positive momentum in majority of companies ▪ Profit/loss before tax -69
Slide 3: Portfolio EBITA affected by write downs and non-recurring costs in the fourth quarter
Portfolio EBITA affected by write downs and non-recurring costs in the fourth quarter ▪ Negative EBITA-development, from 36 MSEK to -87 MSEK − Write-downs in HENT − Restructuring measures in Diab − Weaker earnings in Plantasjen ▪ Positive development in Aibel, airteam, Bisnode and HL Display − Compl
Slide 4: Fourth quarter – Major EBITA factors in the portfolio
Fourth quarter – Major EBITA factors in the portfolio ▪ Diab − EBITA -78 MSEK (-32) − Restructuring costs of -78 MSEK − Adjusted EBITA 0 MSEK (-32) − Continued improvement in the wind power segment ▪ HENT − EBITA -80 MSEK (51) − Project write downs of approximately -115 MSEK − Tender and project exe
Slide 5: Performance in the companies
Performance in the companies Fourth quarter 2018, MSEK, adjusted for the size of Ratos’s holdings EBITA, company portfolio 2018 Q4 2017 Q4 Change¹ Aibel 66 16 303% airteam 24 19 25% Bisnode 131 100 32% Diab -78 -32 neg HENT -80 51 neg HL Display 21 -1 pos Kvdbil 5 5 0% LEDil 11 10 10% Oase Outdoors
Slide 6: Important events in the fourth quarter
Important events in the fourth quarter ▪ HENT ▪ Major contract win, order value approximately NOK 1 billion ▪ Speed Group − Divestment of Speed Production ▪ TFS (Jan 2019) − Acquisition of the remaining shares (40%) ▪ Swedish expansion of airteam continues (Jan 2019) 6
Slide 7: Measures taken and focus going forward
Measures taken and focus going forward ▪ Continued focus on existing company portfolio ▪ Stability, profitability and growth ▪ CEO changes in ▪ Kvdbil, Speed Group, Plantasjen and Diab ▪ New chairmen have been appointed in three companies ▪ A decentralised line-organisation in several companies, inc
Slide 8: New organisation from March 1st
New organisation from March 1st Defined Business areas Business Areas Construction Consumer Tech Industry & Services Net sales (MSEK), 2018 7,429 9,974 3,762 EBITA (MSEK), 2018 441 349 15
Slide 9: New organisation from March 1st
New organisation from March 1st Jonas Wiström CEO Finance, Admin, IT & Financing Peter Wallin Construction Consumer Tech Industry & Services Investments & Ownership Excellence Henrik Lundh Anders Slettengren & Peter Wallin & Jonas Wiström & Terese Svensson Christian Johansson Gebauer Joakim Twetman
Slide 10: Summary Fourth Quarter 2018
Summary Fourth Quarter 2018 ▪ Proposed dividend SEK 0.50 per share (2.00) ▪ Write downs and restructuring costs in portfolio affected fourth quarter earnings ▪ Positive momentum in majority of portfolio ▪ New organisation from March 1, 2019 10
Slide 11: Q&A
Q&A RATaS