Slide 1: Q2 Report 2022
An entrepreneurial world where people make the difference Bo Annvik, President and CEO Q2 Report 2022 Patrik Johnson, CFO 19 July 2022
Slide 2: Highlights second quarter 2022
Highlights second quarter 2022 ▪ Strong Q2 performance despite challenging comparisons, with Net Sales continued growth in order intake, sales and profits! ▪ Demand remained strong and broad, but increasing variations 6.7BSEK between companies and geographic areas, partly attributable to tough refer
Slide 3: Order intake
Order intake QUARTERLY GROWTH MSEK Q growth 8 000 28 000 8% 26 000 7% 7 000 24 000 7% 7% 22 000 6% 6 000 20 000 5% 5 000 18 000 4% 16 000 4 000 14 000 3% 3% 12 000 3 000 2% 10 000 2 000 8 000 1% 2017 2018 2019 2020 2021 2022 0% 0% Q Order intake R12M Order intake Organic Acquisitions Divestments Cur
Slide 4: Net sales
Net sales QUARTERLY GROWTH MSEK Q growth 7 000 26 000 12% 6 500 24 000 6 000 10% 22 000 5 500 10% 20 000 5 000 8% 18 000 4 500 16 000 6% 7% 4 000 14 000 3 500 12 000 4% 3 000 2 500 10 000 2% 3% 2 000 8 000 2017 2018 2019 2020 2021 2022 0% 0% Q Net sales R12M Net sales Organic Acquisitions Divestment
Slide 5: Organic Sales Growth trend
Organic Sales Growth trend 20% • Organic growth seven consecutive 15% quarters • Challenging reference in Q2-2021 10% • Combination of volume and price 5% • Organic growth in all Business Areas 0% • Strong order back-log -5% -10% 2017 2018 2019 2020 2021 2022 Organic growth Organic growth 5 yr avg 5
Slide 6: EBITA
EBITA QUARTERLY GROWTH MSEK Q growth 1 200 18% 10% 16% 9% 1 000 9% 14% 8% 800 12% 8% 7% 10% 6% 600 8% 5% 400 6% 4% 4% 4% 200 3% 2% 2% 0 0% 2017 2018 2019 2020 2021 2022 1% 0% 0% Q EBITA* Q EBITA margin* Organic Acquisitions Divestments Currency *) Excluding restructuring costs 2017-Q4 Q2-22 MARGIN Q
Slide 7: Organic sales growth Q2 by Business Area
Organic sales growth Q2 by Business Area Total growth: +12% +27% +20% +21% +25% +21% +13% +34% 16% ▪ Organic sales growth in all Business Areas 14% 14% ▪ Strongest growth in Business Areas Flow 13% Technology and Industrial Components 12% ▪ Positive development in most companies 11% 11% ▪ The Proces
Slide 8: EBITA margin by Business Area
EBITA margin by Business Area 20% 18,5% ▪ Record EBITA margin 18% 17,6% 17,0% ▪ Good profitability in newly acquired companies 16,0% 16,2% ▪ Continued strong organic gross margin 16% 15,4% 15,0% development 14% ▪ Increased activity and expense levels dampens 11,7% organic leverage 12% Q EBITA margin
Slide 9: Acquisitions 2022
Acquisitions 2022 Acquisitions Business Area Annual Sales Q1 Autoroll UK Ltd UK 67 MSEK NTi Audio AG MST 90 MSEK Stabalux GmbH FMS 40 MSEK PMH International AB IC 140 MSEK Q2 acti-Chem A/S Flow 50 MSEK Pro Diagnostics Scandinavia AB IC 50 MSEK Oscar Medtec AB IC 70 MSEK Beck Sensortechnik MST 130 MS
Slide 10: Key data summary
Key data summary MSEK 2022-Q2 2021-Q2 Change 2022-YTD 2021-YTD Change Order Intake 7,029 6,006 17% 14,114 11,753 20% Net Sales 6,683 5,552 20% 13,081 10,699 22% Gross margin, % 34.9 34.8 34.7 34.6 EBITA 1,023 843 21% 1,982 1,556 27% EBITA-margin, % 15.3 15.2 15.2 14.5 Net financial items -37 -29 28%
Slide 11: Cash Flow from operating activities
Cash Flow from operating activities MSEK 1 000 ▪ Operating cash flow during the 900 quarter was 622 (792) MSEK 800 ▪ The decline versus last is mainly 700 related to inventory increases 600 ▪ The working capital efficiency better than last year 500 400 300 200 100 0 2017 2018 2019 2020 2021 2022 11
Slide 12: Earnings per share
Earnings per share SEK SEK 2,0 7 ▪ EPS during the quarter grew 20% 1,8 to SEK 1.85 (1.54) 6 1,6 ▪ Improvements mainly driven by 5 1,4 higher EBITA 1,2 4 ▪ 3- and 5-year rolling 1,0 3 4Q earnings per share 0,8 CAGR*, were 19% and 18% 0,6 2 0,4 1 0,2 0,0 0 2017 2018 2019 2020 2021 2022 Q EPS R4Q EPS *
Slide 13: Net debt
Net debt SEK 8 000 120% ▪ The interest-bearing net debt increased to 6,998 (5,389) 7 000 100% MSEK 6 000 80% ▪ The increase compared to last 5 000 year is mainly due to a high 4 000 60% acquisition pace and slightly 3 000 dampened operational cash 40% flow 2 000 20% ▪ Net debt/equity ratio was 64% 1
Slide 14: Stability based on diversification
Stability based on diversification No of companies No of product 57% ~8,400 areas >200 +14 of Net Sales 2021 employees in 43% Companies with Proprietary brands of Net Sales 2021 Companies with Trading brands No of customer segments 10 largest companies >30 8,200 +12 20% of annual sales countries emp
Slide 15: Stimulating organic growth and sustainability
Stimulating organic growth and sustainability Knowledge-sharing Leadership Conference 2022 gaining access to the collective knowledge ▪ 200+ MDs gathered in Stockholm and experience of all group companies ▪ Focus on Sustainable Profitable Growth ▪ Awards to best performing companies ▪ Financially ▪
Slide 16: Key takeaways
Key takeaways ▪ Strong growth and record high profits, despite challenging Q2 comparisons ▪ Our companies remain flexible and agile, continuously adapting to new market situations Capital Markets Day ▪ Record high order backlog supports good invoicing 2022 and profit development in the coming quarte
Slide 17: Thank you!
Thank you! Indutrade
Slide 18: Financial calendar & contact details
Financial calendar & contact details Interim Report 1 January – 30 September 2022 Year-end Report 1 January – 31 December 2022 Contact: ir@indutrade.com +46 8 703 03 00
Slide 19: Trusted by entrepreneurs
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