Kh Group Plc · OMXHEX:KHG
Kh — Sievi Capital — H1 2022 Earnings Presentation
15 slides from Kh's earnings presentation, Aug 17, 2022
Slide 1: Results presentation H1/2022
Results presentation H1/2022 17 August 2022
Slide 2: Highlights in H1/2022
Highlights in H1/2022 Four out of five target Strong results Target companies active in companies increased their by KH-Koneet Group and add-on acquisitions net sales in exceptional Logistikas circumstances Sievi Capital’s strategy €1.53 13.0% process is well under way net asset value per share gear
Slide 3: Sievi Capital in brief
Sievi Capital in brief Current investments The goal is to make 1–2 new investments per year Majority investments Combined net sales of Net sales of a typical target Our one-time investment (€m) in unlisted our target companies in company (€m) SMEs 2021 (€m) 17 August 2022 Sievi Capital Plc 3
Slide 4: Why invest in Sievi Capital?
Why invest in Sievi Capital? Clear focus in attractive market Transparent structure and good investment track record 13,158 Private equity +3,000 Growth oriented and +2% Agile and cost effective +19% Annual return on net asset accessible for all profitable Finnish SMEs organisation** value 2016–2022
Slide 5: We offer a growth platform for Finnish SMEs
We offer a growth platform for Finnish SMEs Sievi Capital’s Committed partner for Finnish companies Value creation in target shareholders companies through active TARGET COMPANIES development work Generating good returns to the owners Network of professional advisers Active ownership Entrepreneurs R
Slide 6: Current private equity investments
Current private equity investments Target companies and holdings(1) Distribution of the fair values of the investments(1) 58.3% INDOOR GROUP Net sales in 2021: €205m 90.5% KH-KONEET GROUP Net sales in 2021: €169m 65.9% LOGISTIKAS Net sales in 2021: €22m 67.9% NORDIC RESCUE GROUP Net sales in 2021: €
Slide 7: Indoor Group
Indoor Group Weaker result due to a decline in consumer demand Highlights Financial figures (IFRS), €m • The operating environment was challenging 96.8 92.8 • Net sales decreased by 4% and EBIT declined by €9.7m - Consumer demand declined and the sales period for seasonal products was shorter than l
Slide 8: KH-Koneet Group
KH-Koneet Group Continued growth in Sweden Highlights Financial figures (FAS), €m • The operating environment was better than expected • Net sales grew by 32% and EBITDA improved by over 60% 97.1 - The focus of growth was in Sweden, which accounted for nearly 73.7 half of net sales • Market position
Slide 9: Logistikas
Logistikas The company’s operational efficiency improved Highlights Financial figures (FAS), €m • The operating environment developed positively 15.2 • Net sales grew by 68% and EBITDA improved by €0.7m - Flows of customers’ goods are growing and the demand for the 9.0 company’s value-added services
Slide 10: Nordic Rescue Group
Nordic Rescue Group Continued challenges in the operating environment Highlights Financial figures (FAS), €m • The operating environment remained challenging 22.5 - Demand in the company’s home markets has been relatively stable, challenges particularly in China 15.1 • Net sales grew by 48% and EBIT
Slide 11: HTJ
HTJ Infrastructure and industrial expertise strengthened by M&A Highlights Financial figures (FAS), €m (1) • Increased uncertainty in the operating environment • Demand for the company’s services has nevertheless remained 10.5 9.6 stable and the order book has grown • Net sales grew by 10% and EBITD
Slide 12: Income statement
Income statement The result was weighed down by unrealised changes in fair values Income statement, IFRS (€m) 1–12/2021 1–6/2021 1–6/2022 Interest and dividend income, total 11.5 2.8 0.0 • No interest or dividend income during the review period Realised profits/losses & expenses of investments 0.0 0
Slide 13: Net asset value
Net asset value Net asset value per share decreased from the turn of the year Distribution of investments and net asset value (€m) 6/2021 % 12/2021 % 6/2022 % Private equity investments • Private equity investments Indoor Group Holding Oy 52.1 60.6% 49.7 53.2% 43.7 49.1% -2% from the turn of the yea
Slide 14: Summary of H1/2022
Summary of H1/2022 Net sales mostly increased under exceptional circumstances • Continued purposeful development and growth of the target companies – KH-Koneet Group continued its growth, with the focus being on Sweden – Logistikas improved its operational efficiency – HTJ strengthened its infrastru
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