Slide 1: Q3 Report 2021
An entrepreneurial world where people make the difference Bo Annvik, President and CEO Q3 Report 2021 Patrik Johnson, CFO 28 October 2021
Slide 2: Highlights third quarter 2021
Highlights third quarter 2021 ▪ Continued strong demand and positive development in almost all companies, segments and countries ▪ Organic order intake +14% and net sales +8% ▪ Increasing supply chain issues, the overall impact continued to be limited ▪ All time high EBITA margin! ▪ Improved working
Slide 3: Order intake
Order intake QUARTERLY GROWTH MSEK Q growth 6 500 24 000 16% 6 000 22 000 14% 5 500 14% 20 000 12% 5 000 18 000 4 500 10% 16 000 4 000 8% 14 000 3 500 12 000 6% 7% 3 000 10 000 4% 2 500 2 000 8 000 2% 2016 2017 2018 2019 2020 2021 0% 0% 0% Q Order intake R12M Order intake Organic Acquisitions Divest
Slide 4: Net sales
Net sales QUARTERLY GROWTH MSEK Q growth 6 000 22 000 9% 5 500 20 000 8% 8% 5 000 7% 18 000 7% 4 500 6% 16 000 4 000 5% 14 000 3 500 4% 12 000 3 000 3% 2 500 10 000 2% 2 000 8 000 1% 2016 2017 2018 2019 2020 2021 0% 0% 0% Q Net sales R12M Net sales Organic Acquisitions Divestments Currency Q GROWTH
Slide 5: EBITA
EBITA QUARTERLY GROWTH MSEK Q growth 900 18% 10% 800 16% 9% 9% 9% 700 14% 8% 600 12% 7% 500 10% 6% 400 8% 5% 300 6% 4% 200 4% 3% 100 2% 2% 0 0% 1% 2016 2017 2018 2019 2020 2021 0% 0% 0% Q EBITA* Q EBITA margin* Organic Acquisitions Divestments Currency *) Excluding restructuring costs 2017-Q4 Q3-21
Slide 6: EBITA
EBITA QUARTERLY GROWTH MSEK Q growth 900 18% 10% NON-RECURRING ITEMS 800 16% 9% 9% 9% 700 14% 8% Non-recurring items Q3-21 600 12% 7% +17 (21) MSEK 500 10% 6% EBITA margin excluding 400 8% 5% non-recurring items 300 6% 4% 15.0% (14.4%) 200 4% 3% 100 2% 2% 0 0% 1% 2016 2017 2018 2019 2020 2021 0% 0%
Slide 7: Organic sales growth Q3 by Business Area
Organic sales growth Q3 by Business Area Total growth: +20% +18% +17% +5% +24% +21% +9% +15% 25% ▪ Demand improved broadly with positive sales development in almost all companies, segments and countries 20% 20% ▪ All Business Areas reported high sales levels and grew organically Q organic growth 15%
Slide 8: EBITA margin by Business Area
EBITA margin by Business Area 20% ▪ All time high EBITA margin 18,2% 18% 17,5% 16,7% 17,6% 16,5% ▪ Improved gross margin despite price 16% increases from suppliers 14,9% 14% ▪ Strongest improvements in Business 12,2% Areas DACH and Fluids & Mechanical 12% 11,4% Solutions, mainly driven by positive Q
Slide 9: Acquisitions 2021
Acquisitions 2021 Acquisitions Business Area Annual Sales Pistesarjat Oy Finland 100 MSEK Tecno Plast Industrietechnik GmbH Benelux 230 MSEK Q1 Fire Proof B.V. Benelux 70 MSEK Typhoon Group Benelux 40 MSEK Efcon Water B.V. Benelux 20 MSEK CKJ Steel A/S Fluids & Mechanical Solutions 140 MSEK Q2 Lamis
Slide 10: Key data summary
Key data summary MSEK 2021-Q3 2020-Q3 Change 2021-YTD 2020-YTD Change Order Intake 5,428 4,486 21% 17,181 14,491 19% Net Sales 5,290 4,599 15% 15,989 14,189 13% Gross margin, % 35.1 33.6 34.7 33.8 EBITA 810 685 18% 2,366 1,903 24% EBITA-margin, % 15.3 14.9 14.8 13.4 Net financial items -20 -26 -23%
Slide 11: Cash Flow from operating activities
Cash Flow from operating activities MSEK 900 ▪ Continued good cash flow level 800 ▪ Operating cash flow during the 700 quarter was 671 (761) MSEK 600 ▪ The decline versus last year was mainly due to an increase in the 500 working capital. Last year working 400 capital decreased. 300 ▪ The working ca
Slide 12: Earnings per share
Earnings per share SEK SEK 1,8 6 ▪ EPS during the quarter grew 1,6 19% to SEK 1.51 (1.27) 5 1,4 ▪ Improvements mainly driven by 1,2 4 higher EBITA 1,0 ▪ 3- and 5-year rolling 3 0,8 4Q earnings per share 0,6 2 CAGR*, were 17% and 16% 0,4 1 0,2 0,0 0 2016 2017 2018 2019 2020 2021 Q EPS R4Q EPS * Adjus
Slide 13: Net debt
Net debt SEK 7 000 120% ▪ The interest-bearing net debt decreased to 6 000 100% 4,958 (5,088) MSEK 5 000 80% ▪ The decrease was mainly 4 000 due to a strong operational 60% cash flow 3 000 ▪ Net debt/equity ratio was 40% 2 000 51% (61%) 20% 1 000 0 0% 2016 2017 2018 2019 2020 2021 Net debt Net debt
Slide 14: Strategic cornerstones – for sustainable profitable growth
Strategic cornerstones – for sustainable profitable growth DI G I TA LI SAT I ON & “ N E W N OR M A L” People Knowledge Sustainability Indutrade talent management sharing as a business opportunity toolbox STRUCTURED AND PROFESSIONAL GOVERNANCE FRAMEWORK 14
Slide 15: Key takeaways
Key takeaways ▪ Continued strong demand with positive development in most companies, segments and countries ▪ All time high EBITA margin and improved capital efficiency ▪ Strong order backlog and expected continued good demand ▪ Supply chain issues likely to continue, but likely to be manageable ▪ S
Slide 16: Thank you! Q&A
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Slide 17: Financial calendar & contact details
Financial calendar & contact details Year End Report 2021 Interim Report 1 January – 31 March 2022 Interim Report 1 January – 30 June 2022 Interim Report 1 January – 30 September 2022 Contact: ir@indutrade.com +46 8 703 03 00
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