Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q3 2012 Earnings Presentation

20 slides from Lindab International Ab's earnings presentation, 2012

  1. Slide 1: Lindab Group presentation Q3 2012

    lindab | group presentation Lindab Group presentation Q3 2012 David Brodetsky, CEO Per Nilsson, CFO

  2. Slide 2: Lindab Group – Q3 2012 Highlights

    lindab | group presentation Lindab Group – Q3 2012 Highlights A good result: EBIT margin** up from 9.1% to 10.7%  Sales*: -6% versus Q3, 2011  Ventilation -4%; Building Components -15%; Building Systems +10%  EBIT**: Up 10% from SEK 172 m (Q3 2011) to SEK 190 m (Q3 2012)  Improvement due to Fixe

  3. Slide 3: Sales trends reflect deteriorating market conditions

    lindab | group presentation Lindab Group – Q3 2012 Highlights Sales trends reflect deteriorating market conditions  Deteriorating macroeconomic situation has impacted the construction market  Russia the notable exception 3

  4. Slide 4: Profit & Loss Q3 2012

    lindab | group presentation Lindab Group Profit & Loss Q3 2012 SEK m Q3 2012 Q3 2011 Sales growth -6% Sales 1 773 1 891 Structure 4% EBIT* 190 172 EBIT* % 10.7 9.1 Currency effect -4% Fin net -45 -43 Organic -6% Tax -28 -41 Net profit 110 88 *) Q3 2012 EBIT excludes one time cost of SEK -7 m (SEK 0

  5. Slide 5: Quarterly operating profit (EBIT) SEK m

    lindab | group presentation Lindab Group Quarterly operating profit (EBIT) SEK m Quarter Rolling 12 month 300 1200 212 190 200 172 800 145 135 135 110 97 75 107 100 400 25 34 0 0 -7 30 -50 -100 -400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2009 2010 2011 2012 Quarterly LTM  Seasonal impact – Q1

  6. Slide 6: Cash flow Q3 2012

    lindab | group presentation Lindab Group Cash flow Q3 2012 SEK m Jul – Sep Jul – Sep 2012 2011 Cash flow from - operating activities 219 192 - change in working capital -132 0 - investing activities -39 -23 - financial net paid -36 -46 - tax paid -28 -31 Free cash flow -16 92 Free cash flow adj. for

  7. Slide 7: Cash flow Q3 – working capital development

    lindab | group presentation Lindab Group Cash flow Q3 – working capital development SEK m Jul– Sep Jul – Sep 2012 2011 Stock -15 8 Operating receivables -41 -76 Operating liabilities -76 68 Total change in working capital -132 0  Lower cash flow from change in working capital explained by timing ef

  8. Slide 8: Cash flow trend

    lindab | group presentation Lindab Group Cash flow trend Operating cash flow, SEK m Quarter Rolling 12 month 600 800 500 600 400 332 329 324 300 245 217 252 400 172 200 115 67 97 200 100 23 0 0 -100 -90 -200 -200 -172 -187 -300 -239 -400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2009 2010 2011 20

  9. Slide 9: Business Areas

    lindab | group presentation Business Areas 9

  10. Slide 10: BA Ventilation Profit & Loss Q3 2012

    lindab | group presentation BA Ventilation Profit & Loss Q3 2012 SEK m Q3 2012 Q3 2011 Sales growth -3% Structure 5% Sales 904 932 EBIT* 85 65 Currency effect -4% EBIT* % 9.4 7.0 Organic -4% *) excluding one time cost of SEK -6 m in Q3 2012 and SEK -0 m in Q3 2011  Sales declining in Nordic markets

  11. Slide 11: BA Building Components Profit & Loss Q3 2012

    lindab | group presentation BA Building Components Profit & Loss Q3 2012 SEK m Q3 2012 Q3 2011 Sales growth -15% Sales 576 674 Structure 4% EBIT 67 90 Currency effect -4% EBIT % 11.6 13.4 Organic -15% *) excluding one time cost of SEK -1 m in Q3 2012 and SEK -0 m in Q3 2011  Lower sales due to weak

  12. Slide 12: BA Building Systems Profit & Loss Q3 2012

    lindab | group presentation BA Building Systems Profit & Loss Q3 2012 SEK m Q3 2012 Q3 2011 Sales growth 3% Sales 293 285 Structure 0% EBIT 48 22 Currency effect -7% EBIT % 16.4 7.7 Organic 10%  Positive growth in CEE/CIS driven by good sales in the largest market, Russia  EBIT increased due to hi

  13. Slide 13: Business highlights

    lindab | group presentation Business highlights 13

  14. Slide 14: Cost saving plan ahead of target

    lindab | group presentation Cost saving plan ahead of target  Launched January 2012: Target SEK 150 m gross savings; SEK 100 m net (after inflation and sales activities)  Additional cost activities added due to weakening markets  Full year savings will exceed target  One time costs estimate SEK

  15. Slide 15: Several new products in the quarter

    lindab | group presentation Several new products in the quarter  New ”super efficient” radiant heating/ cooling panel, ”Atrium Plana”  Two new high profile roofing panels and a new design façade cassette  First order received for “small building concept” 15

  16. Slide 16: Significant orders in the quarter

    lindab | group presentation Significant orders in the quarter  SEK 7 m ADS order for low-energy consumption hospital building in Gent, Belgium  Momentum in Russia remains good: SEK 30 m order in Tatarstan, Russia 16

  17. Slide 17: Steel spot prices – reduced during Q3

    lindab | group presentation Steel spot prices – reduced during Q3  Spot prices continued to decline in Q3, though at a lower pace  Moderate steel cost reductions expected for Q4 for Lindab, but purchases limited 17

  18. Slide 18: Outlook

    lindab | group presentation Outlook 18

  19. Slide 19: Outlook - CEO comment

    lindab | group presentation Outlook - CEO comment We remain cautious about future demand levels. Macro indicators show much uncertainty in many markets and our sales decline accelerated in the second half of the quarter. In view of the deteriorating market conditions, we have taken additional action

  20. Slide 20: Thank You

    Thank You waa]

Lindab International — Q3 2012 Earnings Presentation on 6ix