Slide 1: Nilfisk Q1 Interim Report 2019 Webcast presentation
Nilfisk Q1 Interim Report 2019 Webcast presentation
Slide 2: Agenda
Agenda 1 2 3 4 5 Highlights Business Financials Outlook 2019 Q&A unit update 2 Nilfisk Q1 Interim Report 2019
Slide 3: Q1 2019: Continued growth in the branded professional business
Q1 2019: Continued growth in the branded professional business Financial highlights • In Q1 the branded professional business grew 2.8% • EMEA continued the development trend from Q4 2018, posting organic growth of 3.6% driven by the major markets. Americas grew by 3.2% based on a solid performance
Slide 4: Q1 2019: Good progress in the execution of Nilfisk Next throughout the quarter
Q1 2019: Good progress in the execution of Nilfisk Next throughout the quarter Update on strategic initiatives • Completion of the strategic review of the consumer business – Based on shareholder value Nilfisk is deemed the best owner – Nilfisk will continue to develop the consumer business in the c
Slide 5: Q1 2019: Continuing the development of a broad autonomy portfolio
Q1 2019: Continuing the development of a broad autonomy portfolio Continuing the multi-partner strategy • Nilfisk is continuing the strategy of working with different partners to ensure the long-term goal of a full portfolio of connected autonomous solutions • Nilfisk began a partnership with Brain
Slide 6: Agenda
Agenda 1 2 3 4 5 Highlights Business Financials Outlook 2019 Q&A unit update 6 Nilfisk Q1 Interim Report 2019
Slide 7: Branded professional business: EMEA improving earnings
Branded professional business: EMEA improving earnings EMEA Americas APAC • Consistent solid results across the • Solid growth in US Floorcare and • Disappointing negative organic growth mature markets double-digit growth in Canada • Continued growth in China offset by low • Improved earnings over t
Slide 8: Other business units: Challenging quarter in Consumer, and Private label in line with expectations
Other business units: Challenging quarter in Consumer, and Private label in line with expectations Consumer Private label • The strategic review completed with the • Private label performed according to conclusion that Nilfisk is the best owner expectations of this business • Disappointing growth in
Slide 9: Agenda
Agenda 1 2 3 4 5 Highlights Business Financials Outlook 2019 Q&A unit update 9 Nilfisk Q1 Interim Report 2019
Slide 10: Revenue and organic growth development
Revenue and organic growth development Revenue mEUR Comments -4.2% +1.2% +1.0% -6.4% • Revenue is down -4.2% vs. Q1 2018 – Divestments impact -6.4% -16.7 – Positive impact from FX of 1.2% due to USD 257.5 2.6 3.4 (246.6) • Branded professional business contributes with 2.3% Q1 2018 Divestments FX Or
Slide 11: Gross margin step-up
Gross margin step-up Comments +0.7% 43.1% • Continued strengthening of gross margin in Q1 2019 42.4% compared to Q1 2018 and prior years 42.2% 42.0% 41.9% • Positive impact from: 40.8% – Divestments – Higher utilization in production – Pricing • Partly off-set by: – Higher raw material prices and ta
Slide 12: EBITDA margin
EBITDA margin Operating performance (excl. special items, IFRS16 and phantom shares) Comments +0.3% 10.6% • Operating performance of 10.6%, up 0.3% 10.3% percentage point vs. Q1 2018 – Increase of EBITDA margin driven by gross margin – Overhead cost ratio increases from 35.3% (adjusted for phantom s
Slide 13: Working capital and RoCE
Working capital and RoCE Working capital ratio (LTM) Comments 18.5% 19.1% 17.0% • Working capital ratio of 19.1% – Normalization of inventory level – Decrease in payables compared to Q1 2018 (LTI provisions and the impact from lower production in China) – Negatively impacted by divestments Q1 2018 2
Slide 14: Cost saving program developing according to plan
Cost saving program developing according to plan Full potential Comments 2017 2018 2019 2019 2020 EUR million Accumulated Q1 Expected Expected end 2020 • Satisfactory progress in the activities and execution of further 3 mEUR in Q1 2019 Annual accumulated impact on 21 33 36 39-43 50 50 EBITDA before
Slide 15: Agenda
Agenda 1 2 3 4 5 Highlights Business Financials Outlook 2019 Q&A unit update 15 Nilfisk Q1 Interim Report 2019
Slide 16: Outlook 2019 maintained but composition changed
Outlook 2019 maintained but composition changed Organic growth EBITDA margin Above 3.0% Above 14.4% Organic growth in the Nilfisk branded EBITDA margin before special items professional business IFRS 16 impact of 2.4 percentage points expected Approximately 0% Organic growth in private label Approxi
Slide 17: Agenda
Agenda 1 2 3 4 5 Highlights Business Financials Outlook 2019 Q&A unit update 17 Nilfisk Q1 Interim Report 2019
Slide 18: Q&A
Q&A Page 18 Nilfisk Q1 Interim Report 2019
Slide 19: Forward-looking statements
Forward-looking statements This presentation and related comments contain forward-looking statements. Such statements are subject to many uncertainties and risks, as various factors, of which several are beyond Nilfisk Holding’s control, may cause that the actual development and results differ mater