Nilfisk Holding A/s · OMXCOP:NLFSK
Nilfisk Holding A/s — Shareholder Meeting (June 2020)
17 slides from Nilfisk Holding A/s's shareholder meeting presentation, Jun 17, 2020
Slide 1: Annual General Meeting June 17, 2020
Annual General Meeting June 17, 2020 ANNUAL GENERAL MEETING JUNE 17, 2020
Slide 2: ANNUAL GENERAL MEETING JUNE 17, 2020
2 ANNUAL GENERAL MEETING JUNE 17, 2020
Slide 3: Managing the crisis: COVID-19 impact and mitigating actions
Managing the crisis COVID-19 impact and mitigating actions DEMAND PRODUCTION SUPPLY • Secured business continuity • All production sites operational • No material impact • Status as essential business • Safety measures implemented • Temporary shortage in Consumer • Digital customer interactions • Em
Slide 4: 2019 in review
2019 in review Progress in strategic execution despite tough market conditions SECOND YEAR OF SUSTAINABILITY AND TRANSFORMATION CLIMATE Progress towards a global Commitment to an operating model ambitious reduction of CO2 4 ANNUAL GENERAL MEETING JUNE 17, 2020
Slide 5: Second year of transformation
Second year of transformation A stronger foundation for commercial execution PROGRESS STRENGTHENED TOWARDS A GLOBAL COMMERCIAL OPERATING MODEL CAPABILITIES AND SYSTEMS Organizational structures New digital tools and aligned systems introduced to support sales Integration of Industrial Vacuum Solutio
Slide 6: Sustainability and climate
Sustainability and climate Commitment to reduce climate impact by 2030 PROGRESS IN CSR EFFORTS DURING THE YEAR • Comprehensive collection of resource and emission data from all Nilfisk sites • Committed to reduce carbon footprint by minimum 35% by 2030 • Increased our commitment to the UN Sustainabl
Slide 7: 2019 Annual results: Overall performance
2019 Annual results Overall performance - 4.1% In line with the adjusted guidance 42.3% 9.9*% for 2019 organic growth gross margin EBITDA margin before special items Lower than initial expectations for 2019 * Before special items, phantom share impact (0.4pp 2018) and IFRS 16 (2.7pp in 2019) 7 ANNUA
Slide 8: 2019 Annual results: Revenue and organic growth
2019 Annual results Revenue and organic growth 1,059 1,082 1,054 980 967 967 -4.1%Organic growth mEUR Total revenue - 2.6% 2015 2016 2017 2018 2019 Organic growth in the branded professional business Total revenue 2015-2019 (mEUR) 8 ANNUAL GENERAL MEETING JUNE 17, 2020
Slide 9: 2019 Annual results: Earnings down due to lower revenue
2019 Annual results Earnings down due to lower revenue EBITDA* bridge, mEUR -25.8 • Earnings lower than the expectations ~121 ~120 from beginning of the year – but in line ~ -1 with most recent guidance ~ -2 ~ -10 ~9 • Gross margin of 42.3% – slight ̴95 ~ -18 ~-5 increase of 0.3 percentage point 201
Slide 10: 2019 Annual results: Result and dividend
2019 Annual results Result and dividend 8.7 mEUR 3.4 0% Result for the year Financial gearing Dividends 10 ANNUAL GENERAL MEETING JUNE 17, 2020
Slide 11: Nilfisk share price development January-December 2019
Nilfisk share price development January-December 2019 40% 20% 0% -20% -40% -60% 11 ANNUAL GENERAL MEETING JUNE 17, 2020
Slide 12: Financial guidance for 2020 remains suspended
Financial guidance for 2020 remains suspended • The 2020 guidance was suspended March 19, 2020, due to low visibility and high uncertainty caused by the COVID-19 situation • Today, visibility remains low and the impact of the crisis cannot be accurately assessed • Consequently, the financial guidanc
Slide 13: Focus in 2020
Focus in 2020 Managing the crisis and preparing for post COVID-19 opportunities • Focus short-term on capacity adjustments and cost • Restructuring plan to mitigate crisis impact, including reducing workforce by an estimated 250 FTEs • Focus mid-term on post-COVID-19 business opportunities • Continu
Slide 14: Commitment to strategic direction unchanged
Commitment to strategic direction unchanged Our vision and strategic objectives form the transformation of Nilfisk Our vision Objectives Strategy - and WHY we need to transform WHAT we want Nilfisk to become HOW we take action Global company Simplify Digitize Globalize and standardize to drive lever
Slide 15: 2020 strategic priorities
2020 strategic priorities Focus on customers and growth Execution Customer Engagement Growth • Foundation for commercial • Cross-functional program focused • Continued execution of the US execution in place on improving the customer growth plan • Getting value from the many experience • Expand sale
Slide 16: Meetings in the Board of Directors 2019 and Board self-assessment
Meetings in the Board of Directors 2019 and Board self-assessment Board of Directors Audit Committee Nomination Committee Remuneration Committee • Jutta af Rosenborg (Chair) • Lars Sandahl Sørensen • Jutta af Rosenborg (Chair) • Thomas Lau Schleicher (Chair) • Thomas Lau Schleicher • Jens Due Olsen
Slide 17: Thank you
Thank you 17 ANNUAL GENERAL MEETING JUNE 17, 2020