Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q1 2021/22 Earnings Presentation
22 slides from Lagercrantz Group Ab Class B's earnings presentation, Jul 16, 2021
Slide 1: Interim Report Q1 2021/22
Interim Report Q1 2021/22 April – June 2021 (3 months) July 16, 2021 Jörgen Wigh, CEO Kristina Elfström Mackintosh, CFO
Slide 2: Tech Group with leading positions in niches
Introduction to Lagercrantz Group Tech Group with leading positions in niches Lagercrantz Group Electrify Control TecSec Niche Products International 14 companies 10 companies 7 companies 15 companies 12 companies 9 countries 7 countries 5 countries 7 countries 7 countries ◼ B2B Tech Group offering
Slide 3: Revenues and profits
Q1-report 2021/22 Revenues and profits Rolling 12 months, quarterly data Nettoomsättning Net sales Resultat efterfinancial Profits after finansnetto items 6 000 600 5 500 550 Profits after financial items, MSEK 5 000 500 4 500 450 Net sales, MSEK 4 000 400 3 500 350 Organic growth 3 000 More acquisi
Slide 4: Business conditions
Q1-report 2021/22 Business conditions ◼ New structure with 5 divisions (4). Clarifies the focus on attractive growth segments internally and externally to the stock and M&A markets. ◼ Strong market with organic sales growth of 18%. Opening of markets and countries, specifically noted Germany and Den
Slide 5: Q1 2021/22 April – June 2021
Q1-report 2020/21 Q1 2021/21 April – June 2021 ◼ Net revenues increased by 33% to MSEK 1 031 (977). ◼ Organic growth 18%. ◼ EBITA reached MSEK 212 (124). ◼ EBITA-margin at 16.3% (12.7). ◼ Profits after financial items increased by 94% and amounted to MSEK 180 (93). ◼ Profits after tax amounted to MS
Slide 6: Outcome by division
NET SALES 2021/22 2020/21 MSEK Q1 Q4 Q3 Q2 Q1 Electrify 377 320 304 283 302 Control 152 156 162 119 141 TecSec 217 136 159 133 133 Outcome by division Niche Products 331 313 271 212 238 International 224 193 182 171 163 Parent Company/consolidation items - - - - - GROUP TOTAL 1 301 1 118 1 078 918 9
Slide 7: Comments by division
Q1-report 2021/22 Comments by division Electrify EBITA increased by 60% to MSEK 67 (42) i.e. an EBITA-margin of 17.8% (13.9). The business volume increased both organically and through the acquisitions of VP metall and Esari. Positive development in Europe and in North America in the electricity-rel
Slide 8: Comments by division (continued)
Q1-report 2021/22 Comments by division (continued) Niche Products EBITA increased by 31% to MSEK 67 (51) i.e. an EBITA-margin of 20.2% (21.4). Strong sales and earnings growth in most of the larger exporting units and a positive performance from the acquisition Sajas explained the improvement in ear
Slide 9: Lagercrantz toward one billion
Of importance ahead Lagercrantz toward one billion “Our business concept has been successful for many years. Through this strategic program, we will continue the journey and within 5 years build an even stronger B2B Tech Group with one billion in profits. ” Key themes; ◼ Clarifying strategies and fi
Slide 10: Vision and financial goals
Lagercrantz towards one billion Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit growth >15% (EBT) ▪ At least 1/3 organically and the rest through 5-8 acquisitions per year. ❖ Return on equity > 2
Slide 11: Aim of 75% proprietaries
Lagercrantz towards one billion Aim of 75% proprietaries Percentage share of Group sales, Moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 2 2 5 5 5 4 4 3 9 9 6 5 7 6 6 6 8 8 9 8 10 8 10 12 15 14 12 12 13 13 13 13 13 13 19 Proprietary products 20 26 25 22 29 Value adding 34 41 di
Slide 12: Remaining focus on value-add
Lagercrantz towards one billion Remaining focus on value-add 38.8 ◼ Focus on adding Gross margin, % 37.4 38.6 value and gross 36.7 36.3 36.7 margins 34.8 ◼ Setting goals 30.5 31.6 32.1 ◼ Training 28.0 29.0 ◼ Customisation 26.3 26.5 24.5 25.3 ◼ Service 21.2 ◼ Support ◼ Phasing-out products with low m
Slide 13: Reorganizing into 5 divisions
Lagercrantz towards one billion Reorganizing into 5 divisions Electrify Control TecSec Niche Products International 14 companies 10 companies 7 companies 15 companies 13 companies 9 countries 7 countries 5 countries 7 countries 7 countries Products for Measure and control Solutions for Niched produc
Slide 14: Increased focus on sustainability
Lagercrantz towards one billion Increased focus on sustainability Group initiatives in three 50+ local areas: initiatives Reduce the carbon footprint by Different local striving to become neutral by initiatives which 2030 at the latest. focuses on Environmental development and delivery on Gover- Soc
Slide 15: Increased capacity within M&A
Lagercrantz towards one billion Increased capacity within M&A ◼ At least 1/3 of the growth will be organically the remaining will be from acquiring 5 – 8 companies per year. ◼ Central M&A resources but increased capacity and responsibility in the divisions. ◼ Continued development of international r
Slide 16: Acquisitions
58 acquisitions since 2006, including : Acquisitions 2016. Kondator AB (Niche Products) GasIQ AB (Control) Skomø A/S (International) Exilight Oy (Electrify) ◼ Focus on acquiring leading 2017. E-Tech Components Ltd (International) companies in expansive niches. Bereila B.V. (Asept Group, Niche Produc
Slide 17: CW Lundberg
CW Lundberg ◼ CW Lundberg is a leader in safety products for roofs and facades. ◼ Annual revenues of approx. MSEK 185. ◼ Most sales are generated in Sweden but the company is also pursuing international expansion in Europe and is established in Norway and Poland. ◼ Development, marketing and product
Slide 18: Libra
Libra ◼ Norwegian Libra is a market leader in premium quality doors, hatches and storage units to the marine industry. ◼ Annual revenues of approx. MNOK 177. ◼ The customer base is shipyards in Norway, Europe and North America. ◼ Subsidiaries in Norway and Latvia and a minority interest in a company
Slide 19: Financial overview
Financial overview 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Net Sales 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 EBITA 223 256 295 355 409 436 519 565 616 EBITA,% 9.6% 10.1 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% 15.1% % EBT 200 230 265 307 351 358 431 460 502 EBT growth 17% 15%
Slide 20: www.lagercrantz.com
www.lagercrantz.com
Slide 21: Board and Management
Appendix Board and Management Board of Directors Management Jörgen Wigh Kristina Mackintosh Per Ikov Anders Börjesson Anna Almlöf Anders Claeson President & CEO CFO VP Bus Development (DK) Chairman of the Board Ulf Södergren Anna Marsell Andreas Heder Peter Baaske Urban Lindskog VP Bus Development H
Slide 22: The share & owners
The share & owners • B share listed on Nasdaq Owners 2021-06-30 Shares Votes Stockholm, Mid Cap Anders Börjesson & Tisenhult-gruppen 5.7% 29.3% • Ticker: LAGR B SEB Investment Management 15.0% 10.5% Swedbank Robur Funds 12.9% 9.0% Fidelity Investments (FMR) 6.1% 4.2% ODIN Funds 5.0% 3.5% Lannebo Fun