Profoto Holding Ab · OMXSTO:PRFO
Profoto Holding Ab — Q3 2024 Earnings Presentation
18 slides from Profoto Holding Ab's earnings presentation, Oct 24, 2024
Slide 1: Continued cautious market climate - strong focus on upcoming product launches
Continued cautious market climate - strong focus on upcoming product launches Profoto Q3 report 2024 October 24h, 2024 é Sa ae % 48 £1 4° * few wok? Bt a #, Nea Vc aa anf 2 e858 r ESN 2 a * 5 Pee ° ° a ot @/Profoto Ne The light shaping company Photo credit: Antonio Garci
Slide 2: Today's speakers
Today's speakers CEO Anders Hedebark anders.hedebark@profoto.com Acting CFO Linus Marmstedt linus.marmstedt@profoto.com Head of IR eS e) Say Amanda Astr6m amanda.astrom@profoto.com (=|Profoto The light shaping company~
Slide 3: Highlights
Highlights * Netsales dropped by 4 percent to SEK 164m. Organically the sales decreased by 1%. * Adj. EBIT was SEK 30m (35), corresponding to an EBIT margin of 18 percent (20). * EBIT was SEK 39m (35), corresponding to an EBIT margin of 24 percent (20). * The return on operating capital totaled 32 p
Slide 4: We aim to grow in our core market while also investing in new growth areas
We aim to grow in our core market while also investing in new growth areas Growth area Light for professional photographers Workflow solutions Light for film for e-com and studios production Software connected to hardware for large-scale content production Light and light shaping tools Core Growth a
Slide 5: Magnum Reflector White
Magnum Reflector White TeleZoom Reflector White Zoom Reflector White 5 CProfoto The light shaping company Photo credit: Alessandro Biehl
Slide 6: Profoto Softbox Octa 4' Silver
Profoto Softbox Octa 4’ Silver Profoto Softbox 3x4’ Silver 6 CProfoto The light shaping company Photo credit: Joyce Charat
Slide 7: A2 Connect Kit
A2 Connect Kit @)Profoto A2 Connect Kit It's never been easier to go Pro oO Profoto The light shaping c
Slide 8: Lack of product launches hampers sales development
Lack of product launches hampers sales development 66% 65% 60% 58% 48% AI% - ; 2018 2019 2020 2021 2022 2023 2024 LTM CProfoto The light shaping company
Slide 9: R&D spend expected to stabilize at current level
R&D spend expected to stabilize at current level HB R&D Spend, SEKm = R&D Spend/Net sales, % 16% 2018 2019 2020 2021 2022 2023 2024 LTM 9 CProfoto The light shaping company
Slide 10: Adj. EBIT Q3
Q3 2024 35% JX Adj. EBIT Q3 a or SEK 30m (35) -13%! _ a Le os Net sales Q3 Adj. EBIT SEK 164m (172) margin Q3 19% -A%? 18% (20%) Q3 Q4 Qt @2 @3 Q4 a @Q2 2022 2023 2024 Hl Sales = Adj. EBIT margin o Profoto 10 1.Adjustments for the period included adjustment of the liability for an acquisition-relate
Slide 11: Last twelve months
Last twelve months 31% 54, 30% 30% 29% 29% 26% Adj. EBITLTM NR SEK 152m (234) -35%! Net sales LTIVI Adj. EBIT | | | | | | | | SEK 734m (813) marginLTM “10%? 21% (29) Q@3 G4 @ @2 @ a4 at a2 2022 2023 2024 Ml Sales LTM @ Adj. EBIT margin LTM OProfoto 11. 1.Adjustments for the period included adjustmen
Slide 12: Growth in Americas offset by declines in APAC and EMEA
Growth in Americas Offset by declines in APAC and EMEA -4% 1 76 — _ 81 Americas zm. Q3 2023 Q3 2024 CProfoto . z~ The light shaping company credit: Joyce Charat
Slide 13: Return on operating capital
Return on operating capital Return on operating capital declined due to continued investments in R&D LTM 16% 92% 84% 72% 49% L - — a 4% 2018 2019 2020 2021 2022 2023 LT OProfoto The light shaping company
Slide 14: Strong balance sheet gives flexibility to invest for growth and return capital to shareholders
Strong balance sheet gives flexibility to invest for growth and return capital to shareholders Ml Net debt, SEKm © Net debt/EBITDA Q3 Q4 Qi Q2 Q3 Q4 Qi Q2 Q3 2022 2023 2024 14 CProfoto The light shaping company
Slide 15: Remain committed to our financial target, even though they were not met
Remain committed to our financial target, even though they were not met LTM Target 2024 LTM 2023 10% -9% 13% CProfoto 15 The light shaping company EBIT margin Organic sales growth Dividend policy
Slide 16: Questions
Questions (=|Profoto 46 Photo credit: Edward Alba The light shaping company~
Slide 17: End-year report, February 12th, 2025
7 End-year report, February 12th, 2025 Head of IR ‘ 5 Amanda Astr6m amanda.astrom@profoto.com (a) Profoto The light shapi
Slide 18: (#)/Profoto
(#)/Profoto The light shaping company™