Slide 1: Q4/2016 Road Show
Q4/2016 Road Show February, 2017 Magnus Welander, CEO Lennart Mauritzson, CFO
Slide 2: The Thule Group Vision – Active Life, Simplified.
The Thule Group Vision – Active Life, Simplified. Slide 2 Thule Group AB (publ) – Road Show Presentation, February 2017
Slide 3: We are a Global Premium Branded Sports&Outdoor Company
We are a Global Premium Branded Sports&Outdoor Company Net Sales by Region and Product Category 2016 * Net Sales and Underlying EBIT Breakdown * 2016 (MSEK) Sales Region Underlying EBIT Margin: 17.6% * 5,304 (+5.2% vs. 2015) 935 Region Region (+12.0% vs. 2015) Americas Europe&ROW 34% 66% SALES EBIT
Slide 4: A Compelling Story in the Attractive Sports&Outdoor Market
A Compelling Story in the Attractive Sports&Outdoor Market 1 2 We Operate in We have Everything in Place to an Attractive Market Deliver Profitable Growth Strong User-influenced Innovation and Product Development Differentiated Premium Brand Favorable Mega-Trends Driving Long- Global Route-t
Slide 5: Q4/2016 Financial Update
Q4/2016 Financial Update Slide 5
Slide 6: Q4/2016 Highlights – Continued strong profitability and strategic review finalized
Q4/2016 Highlights – Continued strong profitability and strategic review finalized Net sales of SEK 1,069m (980) Thule Group +9.2% (+2.5% excluding currency effects) Outdoor&Bags +9.3% (+2.7% excluding currency effects) Specialty +7.9% (+1.4% excluding currency effects) Underlying EBIT of
Slide 7: Full Year 2016 – Strong organic growth drives EBIT growth
Full Year 2016 – Strong organic growth drives EBIT growth Reported Net Sales Underlying EBIT and Margin SEKm 5 320 5 611 SEKm 16.0% 17.3% 850 970 Thule Group FY 2015 FY 2016 FY 2015 FY 2016 Thule Group Thule Group SEKm 5 145 SEKm 18.4% 19.5% 4 862 895 1 005 Outdoor & Bags FY 2015 FY 2016 FY 2015 FY
Slide 8: Full Year 2016 – Net Sales by Product Category in Segment Outdoor&Bags
Full Year 2016 – Net Sales by Product Category in Segment Outdoor&Bags Sport&Cargo Carriers Other Outdoor&Bags Bags for El. Devices Share of Thule Group 67% 19% 14% Sales 2016 (incl. Specialty Segment) Growth 2016 vs 2015 +5.3% +25.8% -13.2% (+5.1% incl. pick-up truck racks (Constant Currency) forme
Slide 9: Sport&Cargo Carriers – A strong Europe&ROW Region drives growth
Sport&Cargo Carriers – A strong Europe&ROW Region drives growth Fantastic year in Europe with growth across all sub-categories and markets Bike carrier development in Europe driven by two major product launches Thule ProRide 598 – the most sold top-of-car bike rack in the world Thule VeloSpa
Slide 10: Other Outdoor&Bags – Continued fast growth across the world
Other Outdoor&Bags – Continued fast growth across the world RV Products – Share growth in hot European market European market estimated to have grown with 13% Market share wins on top of hot market via strong product launches and Key Account Management Active with Kids – Acquisition boosts g
Slide 11: Bags for Electronic Devices – Old heritage categories still in rapid decline
Bags for Electronic Devices – Old heritage categories still in rapid decline Disappointing development, especially in US Old heritage Case Logic product categories continue to show rapid decline Camera bags – as category continues to decline with reduced camera sales and as niche competitors p
Slide 12: Strategic Review Work Gear finalized – Partial Divestment Process Initiated
Strategic Review Work Gear finalized – Partial Divestment Process Initiated Board decision to divest major part of Work Gear – Pick-up truck toolboxes product segment Toolboxes for pick-up trucks for handymen Sold under UWS brand and Private Label in DIY automotive accessory channel Dedicate
Slide 13: Operating Working Capital and Operational Cash Flow
Operating Working Capital and Operational Cash Flow Operating Working Capital Comments SEKm Operating working capital as of 31 Dec. 2016: Inventory: SEK 847m (722) 1500 16,9% 16,6% 16,9% 20% Accounts receivables: SEK 643m (610) 883 948 Accounts payable: SEK 542m (449) 1000 769 10% 500 Curr
Slide 14: Thule Group – YTD 2016 Performance vs. Long-term Financial Targets
Thule Group – YTD 2016 Performance vs. Long-term Financial Targets Constant Currency Net Sales Growth (excl Acquisition) Organic Growth ≥ 5% 4.6% 5.0% 0.1% Thule Group Outdoor&Bags Specialty Underlying EBIT ≥ 17% 17.3% 2015 FY at 16.0% Margin Net Debt / EBITDA c. 2.5x 1.6x 2.3x (YE 2015) Ordinary di
Slide 15: After a very good 2016 we look forward to an even more exciting 2017
After a very good 2016 we look forward to an even more exciting 2017 2016 was a very good year Sales growth in Outdoor&Bags at 5% organic growth despite very tough US market and underperforming shrinking Bags for Electronic Devices EBIT growth from SEK 850m to SEK 970m EBIT margin at 17.3% b
Slide 16: www.thulegroup.com
Disclaimer This presentation has been prepared by Thule Group AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not constitute