Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q2 2022/23 Earnings Presentation
22 slides from Lagercrantz Group Ab Class B's earnings presentation, Oct 25, 2022
Slide 1: Interim Report Q2 2022/23
Interim Report Q2 2022/23 April 2022 – September 2022 (6 months) October 25, 2022 Jörgen Wigh, CEO Peter Thysell, CFO
Slide 2: Tech Group with leading positions in expansive niches
Introduction to Lagercrantz Group Tech Group with leading positions in expansive niches Lagercrantz Group Electrify Control TecSec Niche Products International 14 companies 12 companies 10 companies 17 companies 14 companies 9 countries 7 countries 8 countries 9 countries 7 countries ◼ B2B Tech Grou
Slide 3: Revenues and profits
Q2 report 2022/23 Revenues and profits Rolling 12 months, quarterly data Net sales Nettoomsättning Profits after Resultat efterfinancial items finansnetto 9 000 900 8 000 800 Profits after financial items, MSEK 7 000 700 Net sales, MSEK 6 000 600 5 000 500 4 000 Organic growth 400 & Acquisitions 3 0
Slide 4: Q2 - Business conditions
Q2 report 2022/23 Q2 - Business conditions ◼ Market situation remained positive with strong demand in the main markets in the Nordics and northern Europe. ◼ The Group’s broad focus with many different end-customer segments with an emphasis on electrification, infrastructure and specialized products
Slide 5: Q2 2022/23 July – September 2022
Q2 report 2022/23 Q2 2022/23 July – September 2022 ◼ Net revenues increased by 39% to MSEK 1,668 (1,201). ◼ Organic growth 11%. ◼ EBITA increased 43% to MSEK 275 (192). ◼ EBITA-margin at 16.5% (16.0). ◼ Profits after financial items increased by 37% to MSEK 214 (156). ◼ Profits after tax increased b
Slide 6: 6 months 2022/23
Q2 report 2022/23 6 months 2022/23 April – September 2022 ◼ Net revenues increased by 30% to MSEK 3 265 (2 502). ◼ Organic growth 10%. ◼ EBITA increased 34% to MSEK 540 (404). ◼ EBITA-margin at 16.5% (16.1). ◼ Profits after financial items increased by 33% to MSEK 446 (336). ◼ Profits after tax incr
Slide 7: Outcome by division
NET SALES 2022/23 2021/22 2020/21 MSEK Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Electrify 385 396 404 345 340 377 320 304 283 Control 163 175 189 187 132 152 156 162 119 Outcome by division TecSec 428 330 251 241 197 217 136 159 133 Niche Products 421 432 453 371 299 331 313 271 212 International 271 264 278 261
Slide 8: Comments by division
Q2 report 2022/23 Comments by division Electrify Revenues +13%. EBITA +23% to MSEK 69 (56), i.e. an EBITA-margin of 17.9% (16.5). A strong second quarter with 11% organic sales growth. The electrification of society is driving demand for the larger companies, e.g., Elpress, Elkapsling and Norwesco.
Slide 9: Comments by division (continued)
Q2 report 2022/23 Comments by division (continued) Niche Products Revenues +41%. EBITA +36% to MSEK 84 (62) i.e. an EBITA-margin of 20.0% (20.7). Business situation remained positive with 16% organic sales growth. Improvements in earnings across most businesses, particularly Tormek (ATH quarter), Pr
Slide 10: Lagercrantz towards the One billion
Strategy Lagercrantz towards the One billion Key themes; ◼ Clarifying strategies and financial goals ◼ Reorganizing into 5 divisions for clear growth ambitions ◼ Increase capacity within M&A ◼ Focus on sustainability www.lagercrantz.com 10
Slide 11: Vision and financial goals
Lagercrantz towards the One billion Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit (EBT) growth >15% ▪ At least 1/3 organically and the rest through 5- 8 acquisitions per year. ❖ Return on equit
Slide 12: 5 divisions
Lagercrantz towards the One billion 5 divisions Electrify Control TecSec Niche Products International 14 companies 12 companies 10 companies 17 companies 14 companies 9 countries 7 countries 8 countries 9 countries 7 countries Products for Measure and control Solutions for Niched product Niched comp
Slide 13: Net sales per market segment
Net sales per market segment Share of Group sales, percent 2021/22 Power & Electrics 26% Construction & Infrastructure 25% Transportation 12% Electronics 6% Security 5% Telecommunication 4% IT 3% Medical 2% Other* 17% www.lagercrantz.com 13
Slide 14: Aim of 75% proprietary products
Lagercrantz towards the One billion Aim of 75% proprietary products Percentage share of Group sales, Moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 2 2 3 5 5 5 4 4 3 3 9 9 6 5 7 6 6 6 8 8 8 9 7 10 8 10 12 15 14 12 12 13 13 13 13 13 13 17 15 Proprietary products 20 26 25 22 29 V
Slide 15: Acquisitions
Acquisitions 67 acquisitions since 2006, including: 2018 Tormek (Niche Products) Alf Bjurenwall AB (R-Con, TecSec) Gammadata (Radonova, Control) ◼ Focus on acquiring leading Schmitztechnik GmbH (International) companies in expansive niches. 2019 Dorotea Mekaniska (Niche Products) OJ:s Vågsystem (Ven
Slide 16: Door & Joinery Solutions
Door & Joinery Solutions ◼ Door & Joinery is a UK based product provider of high-quality and customised fire- resistant doors, screens, and frames (offices in Burton-upon-Trent and Leicestershire). ◼ The products are largely sold through facility management companies and constructors. ◼ Typical end-
Slide 17: Stegborgs EL-evator
Stegborgs EL-evator ◼ Stegborgs is a leading hardware and control systems supplier for renovation of elevators. ◼ The products are sold to elevator installers in the Nordics, predominantely in Sweden. ◼ Market leader in the Stockholm area with potential to grow all across Sweden. ◼ Annual revenues e
Slide 18: Waterproof Diving International
Waterproof Diving International ◼ Waterproof provides innovative dry and wet diving suits to professional and premium recreational divers. ◼ The company is located in Gothenburg, Sweden and has two smaller offices in Germany. ◼ Products are sold through selected resellers in 48 countries around the
Slide 19: Tebul
Tebul ◼ Tebul manufactures watertight electric sliding doors for ships. The doors are an integral part of the watertight bulkheads in the hull of the ships. ◼ The company is located in Lieto, in Southwest Finland. ◼ The customers are mainly leading European shipyards that build cruise ships and ferr
Slide 20: PcP Corporation
PcP Corporation ◼ A leading designer and producer of innovative and high-quality bespoke safety solutions within gratings, treads, and handrails. ◼ Annual revenues of approx. MDKK 425 with good profitability, P/WC exceeding 60%. ◼ Strong market position in key end markets ◼ Infrastructure within ind
Slide 21: Financial overview
Financial overview LTM Q2 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 Net Sales 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 5 482 6 245 EBITA 223 256 295 355 409 436 519 565 616 895 1 031 EBITA,% 9.6% 10.1 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% 15.1% 16.3% 16.5% % EBT 20
Slide 22: www.lagercrantz.com
Lagercrantz Group www.lagercrantz.com