Slide 1: Year-end report 2017
Year-end report 2017 Jonas Wiström 16 February 2018
Slide 2: Year-end report 2017: My view of Ratos
Year-end report 2017 My view of Ratos Comments on Year-end report 2017 2
Slide 3: An introduction of the new CEO
An introduction of the new CEO Royal Instutute of Technology 1983 Philips Defence Electronics Saab-Scania SDRC SUN Microsystems Silicon Graphics Prevas ÅF Current Board assignments − Tieto, Business Sweden, Swe Engineering Industries. ICC, IVA 3
Slide 4: My view of Ratos
My view of Ratos Established and well-known brand name in the Nordic region Fantastic history Solid and long term main shareholder Underperforming share-price development 4
Slide 5: Total return Ratos B-share compared to OMXSGI
Total return Ratos B-share compared to OMXSGI 300 250 200 Index 150 100 50 RATO B OMXSGI 0 RATOS B shows the gross return of the Ratos B-share, indexed to 100 at 1st January 2008 and including reinvestment of dividends OMXSGI shows the gross return of all stocks listed on Nasdaq Stockholm, indexed t
Slide 6: Ratos's challenge
Ratos’s challenge ▪ Weak historical development of Ratos’s holdings ▪ In 2017 only 7 out of 14 companies (6 out of 14 in Q4) displayed positive EBITA- development despite strong market conditions 6
Slide 7: Nothing is more important for a good result than a great CEO
Nothing is more important for a good result in our portfolio companies than a great CEO Great people Great execution A great CEO! Great strategy Great place to work 7
Slide 8: Agenda for my first 100 days
Agenda for my first 100 days “Understand before you want to be understood” ▪ In detail understand and review − Ratos − Portfolio companies and their markets − Our corporate governance model ▪ Focus on existing holdings 8
Slide 9: Year-end report 2017: Comments on Year-end report
Year-end report 2017 My view of Ratos Comments onAgenda Year-end report 2017 9
Slide 10: Performance in the companies, January-December 2017
Performance in the companies1) January-December 2017, MSEK Ratos’s holding Sales in the portfolio 21,037 -2% The portfolio’s EBITA 1,048 +4% Adjusted EBITA2) in the portfolio 1,162 -13% EBT 658 -890 1) Comparison with corresponding period last year and for comparable companies. 2) Excluding items af
Slide 11: Performance in the companies, Q4 2017
Performance in the companies1) Q4 2017, MSEK Ratos’s holding Sales in the portfolio 5,168 -10% The portfolio’s EBITA 43 -40% Adjusted EBITA2) in the portfolio 118 -45% EBT -597 1,330 1) Comparison with corresponding period last year and for comparable companies. 2) Excluding items affecting comparab
Slide 12: Performance in the companies: EBITA development
Performance in the companies1) EBITA-development, Q4 2017 and full year 2017, MSEK Performance of Ratos's company portfolio, Ratos's holding 2017 Q4 2016 Q4 Change, % 2017 Q1-Q4 2016 Q1-Q4 Change, % Aibel 16 -30 Impr 102 15 Impr airteam 19 14 37% 54 32 66% Bisnode 100 79 26% 277 159 74% Diab -32 28
Slide 13: Summary
Summary ▪ Weaker development in company portfolio in Q3 and Q4 ▪ Divestment of Nebula and Serena Properties ▪ Redemption of all Class C preference shares ▪ Lowered Ratos’s operational management costs ▪ Impairment of book values in Diab and HL Display, SEK 550m ▪ Strong financial position, SEK 2,226
Slide 14: Q&A
Q&A RATOS