Ratos Ab Class A · OMXSTO:RATO_A

Ratos Ab Class A — Q2 2012 Earnings Presentation

11 slides from Ratos Ab Class A's earnings presentation, Aug 17, 2012

  1. Slide 1: CEO Susanna Campbell

    CEO Susanna Campbell Telephone conference 17 August 2012 1

  2. Slide 2: Q2 – weak quarter

    Q2 – weak quarter  Weak earnings development for holdings overall  Many companies performing well…  …but a few performing significantly worse  Increasing impact from economic climate  Reduced full-year forecast…  …although H2 expected to be better than H1  Nordic banking market functioning we

  3. Slide 3: Development in holdings Q2

    Development in holdings Q2 Total Ratos’s share Sales +1% +1% EBITA -35% -36% EBITA excluding extraordinary items -21% -22% EBT -45% -47% EBT excluding extraordinary items -22% -23% 3

  4. Slide 4: Development in holdings Q1-2

    Development in holdings Q1-2 Total Ratos’s share Sales +3% +3% EBITA -22% -24% EBITA excluding extraordinary items -13% -15% EBT -59% -56% EBT excluding extraordinary items -14% -17% 4

  5. Slide 5: Not as bad as it looks

    Not as bad as it looks  10 out of 19 companies performed better (operationally) in Q2  A few holdings dragging down the result considerably for various reasons - Arcus-Gruppen: relocation to new facility - Bisnode: WLW and SPAR - DIAB: wind power market in China - Inwido: economic climate - Jøtul:

  6. Slide 6: Mixed performance

    Mixed performance Operating profit in Q2 + ±0 - Anticimex HL Display AH Industries Biolin Scientific KVD Kvarndammen Arcus-Gruppen Contex Lindab Bisnode Finnkino Stofa DIAB GS-Hydro Euromaint Hafa Bathroom Group Inwido Mobile Climate Control Jøtul SB Seating 6

  7. Slide 7: Overall view of performance

    Overall view of performance Anticimex Biolin Scientific AH Industries Arcus-Gruppen Bisnode DIAB Contex Euromaint Inwido Finnkino Hafa Bathroom Group Jøtul GS-Hydro HL Display KVD Kvarndammen Lindab Mobile Climate Control SB Seating Stofa 7

  8. Slide 8: Macro

    Macro  Major question marks - Euro? - USA? - China?  Major differences - Geographies - Sectors - Niches  Sweden/Nordic region?  Consumer restraint 8

  9. Slide 9: H2 expected to be better than H1

    H2 expected to be better than H1  Weak start to the year  Operating profit 2012 slightly below 2011  H2 better than H1, in relative terms  Economic climate?  New action programmes 9

  10. Slide 10: Attractive deal flow

    Attractive deal flow  Nordic banking market continues to function well  Banks are more selective  Transaction market cautious, but alive  Anticimex exit  Arcus-Gruppen add-on  Ratos deal flow good  Ratos has a strong position in an uncertain business environment 10

  11. Slide 11: Q2 – weak, but not as bad as it looks

    Q2 – weak, but not as bad as it looks  Many holdings performing well  Some clear challenges  Increasing impact from economic climate  H2 expected to be better than H1, in relative terms  Attractive transaction opportunities 11

Ratos — Q2 2012 Earnings Presentation on 6ix