Slide 1: Lindab Group Full year report 2021
For a better climate TM Lindab Group Full year report 2021 11 February 2022 Ola Ringdahl President & CEO Jonas Arkestad CFO
Slide 2: Q4 & full year highlights
Q4 & full year highlights Strong organic growth Numbers refer to continued business • High demand for Lindab’s products. • Robust supply chain and high availability Q4 2021 appreciated by customers. • Sales impacted by high steel prices. Sales (SEK m) 2,560 9,648 Organic growth +20% +17% Record high
Slide 3: Quarterly development – continued business
Quarterly development – continued business Net sales and adj. operating margin, Q4 each year ALT 2 Ventilation Systems, Q4 SEK m % Ventilation Systems • Strong organic growth in all geographic regions. • Record high operating profit for Q4. • Acquisition of Tecnovent in Switzerland and Klimatek in D
Slide 4: Q4 Financials
Q4 Financials Cash flow +7% • Cash flow excluding changes in working capital Cash flow from operating activities before 325 SEK m improved, mainly due to higher operating profit. change in working capital -0.4 1.0 • The quarter’s change in working capital was mainly related to increased capital tied
Slide 5: Increased focus on Lindab's core business after the divestment of Astron
Increased focus on Lindab’s core business after the divestment of Astron • Divestment of Astron Building Systems was finalised at the end of 2021. • Net profit for the year was impacted by SEK -455 m in one-time costs related to the divestment. • Recognised one-time costs were mainly related to non-
Slide 6: Financial targets
Financial targets Growth rate (continued business from 2021) % 25 19.6 20 15 The annual growth rate should exceed 10 percent, 8.9 >10% 10 5 3.7 3.3 as a combination of organic and acquired growth. 0 -5 -10 -5.2 2017 2018 2019 2020 2021 Adj. EBIT % (continued business from 2021) % 16 14 13.1 12 10.0
Slide 7: Increased dividend
Increased dividend • Considering the strong earnings in the continued business and a strong financial position, the Board of Directors proposes a dividend of SEK 4.00 (3.40), split and paid out on two occasions. SEK Dividend 7
Slide 8: Building a stronger Lindab
Building a stronger Lindab 8
Slide 9: The new Lindab year strategic transformation is completed
The new Lindab 3 year strategic transformation is completed • The leading ventilation • Large investment program Updated financial targets: company in Europe • Complementary acquisitions >10% EBIT adj. • High quality brands • Divestment of non-core business >10% sales growth • Robust supply chain 10
Slide 10: Investments to increase efficiency, capacity and safety
Investments to increase efficiency, capacity and safety • SEK 395 m (425) invested in 2021, with attractive payback. • The current investment program will continue until 2025. • Focus on increased automation, expansion of capacity and improved safety. Gross investments, SEK m Expansion and increased
Slide 11: Acquisitions of high-quality companies
Acquisitions of high-quality companies • Well-managed, successful companies • Complement Lindab’s business in selected regions and product areas 6 Oct – Tecnovent, Switzerland 19 Nov – Klimatek, Denmark 22 Nov – Profilplåt, Sweden 11
Slide 12: Acoustic indoor climate solutions with Ecophon
Acoustic indoor climate solutions with Ecophon • The demand for noise reduction in indoor environments is increasing • Ecophon and Lindab have developed acoustic ceiling panels that can be combined with Lindab’s indoor climate solutions. • Solo Matrix Celsius is now launched in Germany. 12
Slide 13: Recent product launces
Recent product launces New construction Renovation DCV ONE Ultra BT The DCV system is an intelligent ventilation With Ultra BT you get demand-controlled system based on variable air flow and indoor ventilation as a retro-fit to your current climate parameters. system. No wires required. 13
Slide 14: Early adopter of fossil-free steel
Early adopter of fossil-free steel • Lindab partners with SSAB and H2 Green Steel to enable a transition to fossil-free steel. • First deliveries in 2026 on a commercial scale. • Lindab will be one of the first in Europe to provide fossil-free steel to customers. • Conversion to fossil-free steel is
Slide 15: Outlook & Priorities
Outlook & Priorities Market outlook • Short-term demand is expected to be strong when restrictions start to be rolled back and people return to work. • Strong medium- and long-term demand as the interest in energy-savings and healthy indoor climate is growing. Lindab priorities • Secure high deliver
Slide 16: Thank you! Questions?
©lLindab’ Thank you! Questions?