Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q2 2024 Earnings Presentation
15 slides from Byggmax Group Ab's earnings presentation, Jul 12, 2024
Slide 1: Q2 Report 2024
Slide 2: Improved profitability and reduced net debt
IMPROVED PROFITABILITY AND REDUCED NET DEBT @ Improved profitability r Strong operational excellence r 2 new stores — Norway + Sweden r Net debt reduced by 29% vs. last year @ High seasons continues Q2 2024 Net sales, SEK M 2 082 Net sales growth, % -5.5% EBITA, SEK M 184 EBITA-margin, % 8.8% Net de
Slide 3: Everybody has the right to a fantastic home
EVERYBODY HAS THE RIGHT TO A FANTASTIC HOME Strong position on attractive market ® Butiker Showrooms Right assortment store combined with e-com Best price and quick & easy shopping Which builder’s merchant do you We care a | environment BYGGMAX
Slide 4: Byggmax Group - Q2 2024
BYGGMAX GROUP - Q2 2024 CASH FLOW FROM NUMBER OF OPERATING SHARE OF E- STORES NET SALES R12 EBITA R12 ACTIVITIES R12 COMMERCE R12 SEK SEK SEK al3 5.9bn | 168M | 744M 18%
Slide 5: Some positive macro signs seen lately
SOME POSITIVE MACRO SIGNS SEEN LATELY Inflation rates Consumer confidence House transactions Sweden (R12) 14% 20 140 — 65 z 12% o 130 3 60 120 F ss 10% 110 5 is} 50 8% 100 45 6% -10 90 40 ws _/> 20 _ 35 : 70 2% 7 60 30 5 -30 0% 50 25 29, __Inflation last month each quarter 40 40 20 -2% - Q1 G2 G3 04
Slide 6: Strong operational excellence
STRONG OPERATIONAL EXCELLENCE Net sales SEKM -5.5% Successful transition 2203 | from low to high 2082 season Lower cost despite more stores 952 866 Reduced waste
Slide 7: Continued effect from optimization of assortment and inventory
CONTINUED EFFECT FROM OPTIMIZATION OF ASSORTMENT AND INVENTORY Inventory Products out-of- SEK bn stock Percent — -17% . 1,7 Strong gross margin — assortment, purchasing, 1,4 product mix Optimization of inventory level of each product Improved product availability in stores | Q2'23 Q2 '24 Q4'23 Q4'24
Slide 8: Strengthened customer offer
STRENGTHENED CUSTOMER OFFER 2 new stores (Bergen and Mellbystrand) — 33 new stores the last 3 years Very high customer satisfaction in stores 21% E-com® sales in Q2 Improved online — more customized aoe products available Li © Butiker © Showrooms
Slide 9: Clear roadmap for delivering the next phase of our journey
CLEAR ROADMAP FOR DELIVERING THE NEXT PHASE OF OUR JOURNEY Updated targets confirming ambition Clear roadmap to achieve targets to secure profitable growth and built on three pillars value creation SALES GROWTH EBITA MARGIN * Growth exceeding + The EBITA margin SIMPLIFY market, implying at should be
Slide 10: Less decline in sales — large differences in demand between categories
LESS DECLINE IN SALES — LARGE DIFFERENCES IN DEMAND BETWEEN CATEGORIES Sales development SEK M Gross margin development % 2 203 2082 Product margin Product Cash discounts Q2 2023 Q2 2024 Q2 2023 Q2 2024 Sales development % -5.5% LFL FX New stores Closed stores -6.7% 0.2% 11% -0.2% Sales development
Slide 11: Improved profitability driven by maintained gross profit and efficient operations
IMPROVED PROFITABILITY DRIVEN BY MAINTAINED GROSS PROFIT AND EFFICIENT OPERATIONS EBITA, SEK M Maintained gross profit despite weak market — i “4 _ . i i | 8 a 184 Increased efficiency and i i lower cost, both in store and administration 172 1 Depreciation increase from more leased stores Write-down
Slide 12: Stable and strong cash generation
STABLE AND STRONG CASH GENERATION Cash flow from operating activities Investing activities Inventory R12, SEKM R12, SEKM SEKM 1711 796 744 213 1422 88 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Strong cash flow achieved by prioritization of investments and successful optimization of inventory
Slide 13: Strengthened position by significantly reduced net debt
STRENGTHENED POSITION BY SIGNIFICANTLY REDUCED NET DEBT Net debt excl IFRS SEKM Net debt excl IFRS a2 2024 Net debt reduced to SEK 480 M 679 S E K 4 8 O M Net debt leverage in @2 at 1.5 -199M vs. Q2 2023 Average net debt leverage last 12 month below target 2.5. Significant seasonality in net debt le
Slide 14: Ready for the future
READY FOR THE FUTURE Market * Some positive macro signs — consumer confidence, housing market develop- > key drivers for future growth of building material market ment priorities * Efficient operations and optimized inventory levels * Strengthened balance sheet with reduced net debt Ready for growth
Slide 15: Är smart handla billigt
[AR SMART HANDLA BILLIGT