Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q3 2020/21 Earnings Presentation
22 slides from Lagercrantz Group Ab Class B's earnings presentation, Jan 28, 2021
Slide 1: Interim Report Q3 2020/21
Interim Report Q3 2020/21 April – December 2020 (9 months) January 28, 2021 Jörgen Wigh, CEO Kristina Elfström Mackintosh, CFO
Slide 2: Tech Group with leading positions in niches
Introduction to Lagercrantz Group Tech Group with leading positions in niches Lagercrantz Group Electronics Mechatronics Communications Niche Products 16 profit centres 14 profit centres 12 profit centres 13 profit centres 8 countries 8 countries 5 countries 6 countries ◼ Technology group in expansi
Slide 3: Divisions
Introduction to Lagercrantz Group Divisions Electronics Mechatronics Communications Niche Products • IoT, M2M & RFID • Electrics, components and • Technical security • Niched proprietary product • LED connection systems • Control and access companies • Components, electronics • Cable harnesses and s
Slide 4: Revenues and profits
Q3 Report 2020/21 Revenues and profits Rolling 12 months, quarterly data Nettoomsättning Net sales Resultat efterfinancial Profits after finansnetto items 4 500 450 Profits after financial items, MSEK 4 000 400 3 500 350 Net sales, MSEK 3 000 Organic growth 300 More acquisitions 2 500 250 2 000 Oper
Slide 5: Business conditions
Q3-report 2020/21 Business conditions ◼ General improvement and recovery during the quarter and limited effects connected to the Covid-19 pandemic. ◼ The Group´s largest profit centers continue to develop well with good growth and increased profits. Elpress within Mechatronics and R-Con within Commu
Slide 6: Q3 2020/21 Oct – Dec 2020
Q3-report 2020/21 Q3 2020/21 Oct – Dec 2020 ◼ Net revenues amounted to MSEK 1 078 (1 099). ◼ EBITA increased by 8% to MSEK 168 (156). ▪ EBITA-margin at 15.6% (14.2). ◼ Profits after financial items increased by 8% to MSEK 139 (129). ◼ Profits after tax increased by 6% to MSEK 111 (105). ◼ Cashflow f
Slide 7: 9 months 2020/21
Q3-report 2020/21 9 months 2020/21 April – Dec 2020 ◼ Net revenues amounted to MSEK 2 973 (3 068). ◼ EBITA increased by 3% to MSEK 424 (413). ▪ EBITA-margin at 14.3% (13.5). ◼ Profits after financial items amounted to MSEK 336 (334). ◼ Profits after tax amounted to MSEK 262 (265). ▪ EPS after diluti
Slide 8: Outcome per division
NET SALES 2020/21 2019/20 MSEK Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electronics 255 236 224 278 279 281 279 Outcome per division Mechatronics 311 295 313 356 335 273 297 Communications 237 172 199 239 251 198 209 Niche Products 275 215 241 239 234 202 230 Parent Company/consolidation items - - - - - - - GROUP TOTAL
Slide 9: Comments by division
Q3-report 2020/21 Comments by division Electronics EBITA increased to MSEK 32 (29), an EBITA-margin of 12.5% (10.4). Improved business situation for the most important units, as well as the effects of restructuring and cost adjustments in Poland, Norway and Germany, were behind the improvement. Mech
Slide 10: Of importance ahead
Of importance ahead ◼ Adjust strategies, measures and actions to the situation in each company. ◼ Actions due to the Covid-19 pandemic. ◼ Focus on growth. ◼ Continued focus on value added. ◼ Acquisitions – of leading companies in expansive niches. 10
Slide 11: Vision and goals for Lagercrantz
Vision and goals for Lagercrantz Leading supplier of value- adding technologies with market-leading positions in several expansive niches. ◼ Annual growth of not less than 15% in profit after financial items. ◼ Return on equity of not less than 25%. 11
Slide 12: Focus on value-add
Focus on value-add Gross margin, % 37.4 38.2 ◼ Focus on adding 36.7 36.3 36.7 value and gross 34.8 margins 31.6 32.1 ◼ Setting goals 30.5 28.0 29.0 ◼ Training 26.3 26.5 ◼ Customisation 24.5 25.3 ◼ Service 21.2 ◼ Support ◼ Phasing-out products with low margins ◼ Higher proportion of proprietary produ
Slide 13: Broadening of operations
Broadening of operations 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 6 6 6 5 5 5 4 4 9 9 8 6 5 7 8 10 10 8 10 12 15 14 12 12 13 13 13 13 13 13 Proprietary products 25 22 21 26 29 Value adding 34 41 distribution 44 54 50 47 Niche production
Slide 14: Acquisitions
54 acquisitions since 2006, including : Acquisitions 2015. Excidor AB (Communications) Svenska Industriborstar i Västerås AB (Niche Products) Dooman Teknik AB (Niche Products) Cue Dee AB (Mechatronics) Landauer Nordic AB (Communications) ◼ Focus on acquiring leading Nikodan Conveyor Systems A/S (Nic
Slide 15: Sajas Group
Sajas Group ◼ Sajas Group is a leading supplier of brushes for road sweeping, airfield and railway cleaning etc. ◼ Annual revenues of approx. MEUR 10. ◼ Located in Tampere (FI), Tallin (EE) and Hagen (Osnabrück) (DE). ◼ Sales mainly in the Nordics, the Baltics and Germany but also some exports. MEUR
Slide 16: Hovicon International B.V.
Hovicon International B.V. ◼ A Dutch company with dispensers for personal hygiene products such as soap and hand disinfection, and for sauces such as ketchup and mayonnaise for fast-food restaurants and kitchens. ◼ Annual revenues of approx. MEUR 6 with significant growth in the personal hygiene seg
Slide 17: Oy Esari Ab
Oy Esari Ab ◼ Esari is one of Finland’s leading providers of equipment shelters and technical buildings. ◼ Annual revenues of approx. MEUR 5. ◼ Located in Kaustinen (FI). With sales mainly in Finland but also with some exports to Sweden. ◼ Part of the Mechatronics division from January 2021. MEUR 20
Slide 18: VP Metall AS
VP Metall AS ◼ VP Metall is market leader in electrical connectors based on so- called implosive connectors primarily for high voltage applications. ◼ Annual revenue of approx. MNOK 40 ◼ Located in Raufoss (NO). ◼ Sales is mainly in the Nordics but also export to other parts of the world. ◼ Part of
Slide 19: Financial overview
Financial overview 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Net Sales 2 265 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 EBITA 192 223 256 295 355 409 436 519 565 EBITA,% 8.5% 9.6% 10.1% 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% EBT 171 200 230 265 307 351 358 431 460 EBT growth 25% 17% 15
Slide 20: Thank you!
Thank you! www.lagercrantz.com
Slide 21: Board and Management
Appendix Board and Management Board of Directors Management Jörgen Wigh Kristina Mackintosh Magnus Söderlind Per Ikov Carina Nordlöf Anders Börjesson Anna Almlöf Anders Claeson President & CEO CFO Executive VP VP Bus Development Group Controller Chairman of the Board (DK) Ulf Södergren Anna Marsell
Slide 22: The share & owners
The share & owners • B share listed on Nasdaq Owners 2020-12-31 Shares Votes Stockholm, Mid Cap Anders Börjesson & Tisenhult-gruppen 5.7% 29.3% • Ticker: LAGR B SEB Investment Management 15.0% 10.5% Swedbank Robur Funds 12.4% 8.7% Fidelity Investments (FMR) 6.0% 4.2% Didner & Gerge Funds 5.0% 3.5% L