Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q1 2020 Earnings Presentation
17 slides from Lindab International Ab's earnings presentation, Apr 29, 2020
Slide 1: Lindab Group Q1 2020
Lindab Group Q1 2020 Ola Ringdahl, President & CEO Malin Samuelsson, CFO 29 April 2020
Slide 2: Agenda
Agenda • Summary and overview • Financials • Way forward • Summary and Q&A 2
Slide 3: Summary and overview
Summary and overview 3
Slide 4: Key highlights Q1
Key highlights Q1 • Positive development until mid-March. +1% -0.4 pp • Net sales and operating profit on par with 2,332 7.9% strong Q1 previous year. SALES, OPERATING SEK m MARGIN • 10% operating margin in Ventilation Systems. • Continued high level of strategic investments. -4% • Limited impact of
Slide 5: Mixed geographic impact of covid-19 during Q1
Mixed geographic impact of covid-19 during Q1 Growth 47% 4% • Strong quarter in the Nordics, especially for Profile Systems. Minor impact of covid-19. Nordic • Western Europe had stable sales Growth until markets closed down in several 18% -1% countries in the region. Growth • CEE/CIS reported good
Slide 6: Financials
Financials 6
Slide 7: Lindab Group financial highlights
Lindab Group financial highlights SEK m % Positive development of Sales and EBIT until Q1 Net sales mid-March. and EBIT margin Q1 • Net sales increased by 1% to SEK 2,332 m (2,315). Adj. EBIT% Organic growth was -1%, mainly due to effects of covid-19. • Operating margin was 7.9% (8.3). EBIT was affe
Slide 8: Ventilation Systems Q1 financial highlights
Ventilation Systems Q1 financial highlights Improved operating margin despite covid-19 impact Q1 Net sales and EBIT margin1 SEK m % • Net sales was in line with previous year and Q1 Sales, amounted to SEK 1,510 m (1,513). Adj. EBIT% • Sales volume was impacted in a number of markets due to covid-19.
Slide 9: Profile Systems Q1 financial highlights
Profile Systems Q1 financial highlights Strong sales growth and EBIT in line with previous Q1 Net sales and EBIT margin1 year. SEK m % Q1 Sales, • Net sales increased organically by 13% to SEK 587 m Adj. EBIT% (525). • Sales growth driven by the Nordics, mainly due to large deliveries of industrial
Slide 10: Building Systems Q1 financial highlights
Building Systems Q1 financial highlights Profitable Q1 despite lower sales Q1 Net sales and EBIT margin SEK m % • Net sales decreased organically by 18% to SEK 235 Q1 Sales, m (277). Adj. EBIT% • EBIT amounted to SEK 2 m (9), explained by lower sales volumes, partly offset by lower operating costs.
Slide 11: Lindab Group Q1 cash flow
Lindab Group Q1 cash flow Free cash flow impacted by higher investments Cash flow, operating activities1, SEK m • Free cash flow before M&A amounted to SEK -107 m (35) in Q1. Quarter • Investments in strategic projects have impacted free R 12M cash flow. Cash flow from investing activities was SEK -
Slide 12: Way forward
Way forward 12
Slide 13: Covid-19 impact
Covid-19 impact • Limited impact on sales in Q1, however the Geographic revenue split (2019) revenues will be more affected in Q2. • 98% of sales in Europe, with the Nordics being the largest region. • Robust supply chain with 30 production facilities close to customers. • Cost reductions initiated.
Slide 14: Focus areas for 2020
Focus areas for 2020 Decentralisation with Sustainable Customer satisfaction Investment in clear accountability profitability in line with through delivery efficiency, capacity financial targets excellence and digital support $ 14
Slide 15: Summary and Q&A
Summary and Q&A 15
Slide 16: Key highlights Q1
Key highlights Q1 • Positive development until mid-March. +1% -0.4 pp • Net sales and operating profit on par with 2,332 7.9% Q1 previous year. SALES, OPERATING SEK m MARGIN • 10% operating margin in Ventilation Systems. • Continued high level of strategic investments. -4% • Limited impact of covid-
Slide 17: Thank you! Questions?
Thank you! Questions?