Bufab Ab · OMXSTO:BUFAB

Bufab Ab — Q4 2016 Earnings Presentation

12 slides from Bufab Ab's earnings presentation, Feb 21, 2017

  1. Slide 1: Q4 2016 Presentation

    Q4 2016 Presentation ee

  2. Slide 2: Fourth Quarter 2016 highlights

    FOURTH QUARTER 2016  Growth and high order intake o Strong contribution from acquired companies, o …but also organic growth in both International and Sweden o Market share gains o Underlying demand unchanged  Improved profitability o Improvement in gross and operating margins – both Sweden and Int

  3. Slide 3: Fourth Quarter 2016: Group net sales and operating profit

    FOURTH QUARTER 2016 Operating profit Q4 2015 38 Net sales Q4 Currencies -2  Order intake significantly higher than net sales Volume +6  Net sales increased by 14%, whereof 4% organic  Organic sales increase in both Segments — Price/cost/mix/other +3 market share increase Acquisitions +8 One-time

  4. Slide 4: Quarterly year-on-year net sales growth and LTM

    FOURTH QUARTER 2016 Quarterly Year-on-Year net sales growth Organic growth Acquisitions and currency translation L12M Net Sales, MSEK L12M EBIT (adj), MSEK 20 3000 300 15 2500 250 LTM Adj Op Res, SEK million 10 LTM Net sales, SEK millions 2000 200 Percent 5 1500 150 0 1000 100 -5 500 50 -10 0 0 4

  5. Slide 5: Fourth Quarter 2016: Sweden

    FOURTH QUARTER 2016 Net sales Q4 Operating profit Q4 2015 19  Order intake significantly higher than net sales Currencies -3  Net sales increased by 7%, whereof 4% organic Volume +3  Market share increase Price/cost/mix/other +10  Move of business to International impacted Acquisition +1 growth

  6. Slide 6: Sweden quarterly net sales growth and LTM

    FOURTH QUARTER 2016 Quarterly Year-on-Year net sales growth Organic growth Currency translation effects and acquisition 8 L12M Net Sales, MSEK L12M EBIT (adj), MSEK 2000 200 6 4 1500 150 LTM Adj Op Res, SEK million 2 LTM Net sales, SEK millions 0 Percent 1000 100 -2 -4 -6 500 50 -8 -10 0 0 6

  7. Slide 7: Fourth Quarter 2016: International

    FOURTH QUARTER 2016 Net sales Q4 Operating profit Q4 2015 30  Order intake significantly higher than net sales Currencies 0  Net sales increased 18%, whereof 3% organic Volume +3  Higher market shares Price/cost/mix/other -3  Underlying demand somewhat lower Acquisition +7  Move of business fro

  8. Slide 8: International quarterly net sales growth and LTM

    FOURTH QUARTER 2016 Quarterly Year-on-Year net sales growth Organic growth Acquisitions and currency translation 35 L12M Net Sales, MSEK L12M EBIT (adj), MSEK 30 2000 200 25 20 1500 150 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 15 Percent 10 1000 100 5 0 -5 500 50 -10 -15 0 0 8

  9. Slide 9: Acquisitions since 2014

    FOURTH QUARTER 2016 AGQUISITIONS SINCE 2014 = IFLOS afex wasn CREATIVE COMPONENT SOLUTIONS FABRIKEN STAINLESS FASTENERS Member of the Bufab Group

  10. Slide 10: Net working capital and operating cash flow

    FOURTH QUARTER 2016 40% 38%  Long-term work in order to improve continues, primarily o Inventory management 36% o Payment terms to suppliers 34%  Operating cash flow 28 (52) MSEK – lower due to higher inventory level 32%  NWC/NS excluding Apex Stainless 30% Fasteners: 34.0% (35.5%) Q1 Q2 Q3 Q4 Q1

  11. Slide 11: EBIT bridge Q4 2015 to Q4 2016

    FOURTH QUARTER 2016 Group Sweden International Other EBIT Q4 2015 38 19 30 -11 Currency -2 -3 0 +1 Volume +6 +3 +3 0 Price/cost/mix & other +3 +10 -3 -4 Acquisitions +8 +1 +7 0 EBIT Q4 2016 53 30 37 -14 11

  12. Slide 12: Summary and outlook

    FOURTH QUARTER 2016  Strong fourth quarter: growth, improved profit and margin – Organic growth both segments—market share gains – Gross margin improvements, but somewhat high opex – Continued good development in acquired companies – High order intake  2016 good year for Bufab – All-time high net

Bufab — Q4 2016 Earnings Presentation on 6ix