Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q1 2025 Earnings Presentation
17 slides from Byggmax Group Ab's earnings presentation, Apr 16, 2025
Slide 1: Byggmax Conference Call Q1 Report 2025
BYGGMAX CONFERENCE CALL Q1 REPORT 2025 April 16, 2025 Karl Sandlund, CEO Helena Nathhorst, CFO
Slide 2: Increased sales resulted in improved profitability
INCREASED SALES RESULTED IN IMPROVED PROFITABILITY Q1 2025 r Sales increased by +7.2% Net sales, SEK M 929 Strong gross margin Net sales growth, % 7.2% r Profitability continues to improve EBITA, SEK M -109 Leverage down to 1.8x EBITA-margin, % -11.7% oO Stability that enables full focus ahead Net d
Slide 3: Everybody has the right to a fantastic home
EVERYBODY HAS THE RIGHT TO A FANTASTIC HOME Attractive position on valuable market ®@ Butiker Showrooms, Right assortment stores combined with e-com Low price and quick & easy shopping We care people, society, environment BYGGMAX:
Slide 4: Byggmax Group - Q1 2025
BYGGMAX GROUP - Q1 2025 CASH FLOW FROM NUMBER OF OPERATING SHARE OF E- STORES NET SALES R12 EBITA R12 ACTIVITIES R12 COMMERCE R12 SEK | SEK | SEK 211 | 6.Obn | 272M | 751M | 19%
Slide 5: Development of macro indicators
DEVELOPMENT OF MACRO INDICATORS Inflation rates Consumer confidence House transactions Sweden (R12) 14% 20 — 65 oO c @ 60 12% 10 g F 55 10% . is) 50 8% f- 45 -10 \ 6% \ 40 -20 35 4% 30 9, -30 _ NG 25 0% Inflation last month each quarter 40 20 %, - Qi @3 Qi Q@3 Qi @3 Qi @3 ai Qi Q@3 Qi Q@3 Qt @3 Qi Q
Slide 6: Stability that enables full focus ahead
STABILITY THAT ENABLES FULL FOCUS AHEAD 2024 efforts have built a solid foundation... ..ready for the future continuous enhancement of our offering BYGGMAX: Customer focus through Capitalize on commercial investments, drive volume in store network Leverage cost position and Strengthen Operational Cu
Slide 7: Improved availability of products in stores
IMPROVED AVAILABILITY OF PRODUCTS IN STORES Thorough analysis of the entire product range Increased volume of prioritized products Improved availability of products in stores Inventory SEK millions 1,510 1,416 Qi Qi 2024 2025 Products out-of-stock Percent Qi Qi 2024 2025 BYGGMAX
Slide 8: Enhanced customer experience in stores
ENHANCED CUSTOMER EXPERIENCE IN STORES Almost half of stores re- arranged to better visualize the assortment Improved customer flow and self-service checkout New training app to empower employees — better assistance to our customers 2 BYGGMAX
Slide 9: Assortment includes several new products
ASSORTMENT INCLUDES SEVERAL NEW PRODUCTS Further developed offering of modular buildings News within private label assortment Updated branding and visual identity across several private label products : BYGGMAX
Slide 10: Optimization of e-commerce
OPTIMIZATION OF E-COMMERCE Improved garden buildings site New logistics set-up
Slide 11: Consecutive quarters of sales and profitability growth
CONSECUTIVE QUARTERS OF SALES AND PROFITABILITY GROWTH R12 Sales SEK billion 75 7,0 65 6,0 Q4 Qi Q@2 Q3 Q4 Qi Q2 Q3 Q4 Qt 202220232023 2023 202320242024202420242025 8 7 6 5 4 wo ° R12 EBITA-margin Percent Q4 Qi Q@2 Q@3 Q4 Qt Q2 Q3 Q4 Qt 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 Continued sal
Slide 12: Increased sales and strong gross margin in Q1 2025
INCREASED SALES AND STRONG GROSS MARGIN IN Q1 2025 Sales development Gross margin SEK millions Percent 929 Sales 35.0 + +7.2% vs last year 33.9 * Growth in both Sweden and other Nordics 866 Other Nordic Gross margin * Demand tilted towards products with higher margin * Early ordering and payment Swe
Slide 13: Illustrative path between Q1 2024 to Q1 2025
ILLUSTRATIVE PATH BETWEEN Q1 2024 TO Qi 2025 Q1 2025 vs Q1 2024, SEK millions Volume +21 Gross profit +10 Other operating revenue +9 OPEX -3 Depreciation +2 Increased sales in Sweden and other Nordics Demand tilted towards products with higher margin, early ordering and payment, improved e-com logis
Slide 14: Upheld cash generation and low investment level
UPHELD CASH GENERATION AND LOW INVESTMENT LEVEL Cash flow from operating Investing activities activities R12, SEK millions R12, SEK millions 860 Improved profitability 751 Working capital driven by inventory build-up and lower accounts payable Investments maintained at moderate level 80 73 FY 2024 Q
Slide 15: Sustainable decrease in net debt
SUSTAINABLE DECREASE IN NET DEBT Net debt/EBITDA, x Net debt excl IFRS 16 Q1 2025 3,2 S E K 764 M Net debt/EBITDA in Q1 2025 at 1.8x -228M vs. Q1 2024 compared to 3.2x Q1 2024 1,8 : ; _. The average net debt leverage over Committed credit facilities the past 12 months well below the Q1 2025 financia
Slide 16: Ready for the future
READY FOR THE FUTURE r» Strong * Operational flexibility to meet growing market demand position + Optimized inventory and replenishment ensuring strong in-store yA availability G Focus * Customer focus through continuous enhancement of our offering Capitalize on commercial investments, drive volume
Slide 17: R SMART HANDLA BILLIGT ~
R SMART HANDLA BILLIGT ~