Slide 1: Telephone conference
Telephone conference CEO Susanna Campbell 14 August 2015
Slide 2: Continued positive development
Continued positive development ▪ Good earnings and sales trend ▪ Two key exits − Nordic Cinema Group – exit gain approx. SEK 900m − Reduced shareholding in Inwido – exit gain SEK 236m ▪ Acquisition of Speed Group ▪ Financial position remains strong ▪ Unchanged positive view of 2015 SPEED 2
Slide 3: Unchanged stable market situation
Unchanged stable market situation ▪ Most markets stable Sales breakdown by segment* ▪ Mixed market development Consumer Life Science 1% Services 8% − Growth DIAB (wind energy) and Mobile Climate Control (buses, off-road) Consumer − Weak market HL Display (retail UK) and Goods 14% Aibel (maintenance
Slide 4: Strong performance
Strong performance in the companies ▪ Strong earnings trend – EBITA +22% ▪ Effects of growth and efficiency improvement initiatives ▪ Positive currency effects ▪ DIAB showing strong growth within all segments ▪ Mobile Climate Control strengthens market position in bus segment ▪ A step in the right d
Slide 5: Performance Q2 2015
Performance in the companies Q2 2015 100% Ratos’s share Sales +1% +3% EBITA +23% +11% EBITA excluding items affecting +14% +14% comparability EBT +327% +200% EBT excluding items affecting +82% +134% comparability 5
Slide 6: Performance Q1-Q2 2015
Performance in the companies Q1-Q2 2015 100% Ratos’s share Sales 0% +3% EBITA +46% +22% EBITA excluding items affecting +23% +22% comparability EBT +1 150% +204% EBT excluding items affecting +102% +118% comparability 6
Slide 7: Overall view of performance in the companies
Overall view of performance in the companies Arcus-Gruppen Aibel AH Industries Biolin Scientific Bisnode Jøtul DIAB Euromaint GS-Hydro Hafa Bathroom Group HENT HL Display Inwido KVD Ledil Mobile Climate Control Nebula Nordic Cinema Group 7
Slide 8: Good sales and earnings trend in the portfolio in the first half
Good sales and earnings trend in the portfolio in the first half Sales +13% Sales - 8% Sales +11% EBITA +25% EBITA + 4% EBITA neg Adj. EBITA +38% Adj. EBITA -10% Adj. EBITA neg Adj. EBITA-marg +7.6% (6.2) Adj. EBITA-marg +4.9% (5.0) Adj. EBITA-marg neg (neg) 0% 27% 73% Share of adjusted EBITA Q1-Q2
Slide 9: Strong transaction market
Strong transaction market ▪ High level of activity ▪ Good access to bank financing Industrial network ~100+ ▪ IPO market still functioning well ▪ No signs of slowdown Industrial Advisors and <<<<~15 Advisory Boards ▪ Opportunities for Ratos to capture Ratos’s value creation through exits investment
Slide 10: Two major exits for Ratos
Two major exits for Ratos ▪ Sale of Nordic Cinema Group SEK 120 Share price performance Inwido completed in July 110 100 − Exit gain approx. SEK 900m 90 80 − IRR 41% 70 60 ▪ Reduced shareholding in Inwido 50 2014-09-26 2014-11-26 2015-01-26 2015-03-26 2015-05-26 2015-07-26 Inwido OMX (SPI) − Holding
Slide 11: Acquisition of growth company Speed Group
Acquisition of growth company Speed Group ▪ Agreement to acquire 70% of the Speed Group facts shares in Speed Group signed in June Sales 2014 SEK 412m Adj. EBITA 2014 SEK 54m ▪ Fast-growing Swedish logistics No. of employees Head office 900 Borås services supplier CEO Catrin Wirfalk ▪ Increased dema
Slide 12: Unchanged positive view of 2015
Unchanged positive view of 2015 ▪ No expectations for strong macro recovery ▪ Unchanged mixed market scenario ▪ Continued strong transaction market ▪ Focus on development and change in the companies ▪ Conditions exist for portfolio of companies at end of Q2 to increase operating profit in 2015 12
Slide 13: Q&A
Q&A 13