Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q2 2023 Earnings Presentation
11 slides from Byggmax Group Ab's earnings presentation, Jul 14, 2023
Slide 1: Q2 Report 2023
Q2 REPORT 2023 July 14, 2023 Karl Sandlund, CEO Helena Nathhorst, CFO
Slide 2: Q2 2023: Byggmax deliver in continued weak market
Q2 2023: BYGGMAX DELIVER IN CONTINUED WEAK MARKET By strong gross margin and cost control, Byggmax 7500 delivered solid profitability in second quarter Q2 net sales decreased -13.4% to 2,203 M (2,546) o Like-for-like sales decreased -14.3% 2800 o E-com accounted for 19% of Group sales (R12) o Contin
Slide 3: Continuing to outperform the market
CONTINUING TO OUTPERFORM THE MARKET Percent, Nordic B2C market for building materials Q2 2023: Continued weak market, less negative development than Q1 32 20 - Continued hesitant consumer, 12 particularly related to larger purchases Hi - Market below pre-pandemic 5 a levels in Q2 2023 -12 - -15-20 1
Slide 4: Undisputed low price leader
UNDISPUTED LOW PRICE LEADER Oy anser att Byggmax har branschens basta priser VILKEN BYGGHANDEL UPPLEVER DU HAR LAGST PRIS? Byggmax Bauhaus Hombach XL-bygg K-rauta Bygghemma Beijer bygger sjalv for att spara pengar 4 BYGGMAX
Slide 5: Top priority update — Q2 2023
TOP PRIORITY UPDATE — Q2 2023 Status Q2 2023 r ) Take market share — and increase - competitiveness @ Tune in new - growth initiatives - ® Capture new - opportunities New and upgraded stores — strengthened position Continued efficiency gains: lower operating costs and inventory level compared to las
Slide 6: Byggmax Green Ventures: Recoma — replacing OSB and plaster board with recycled materials
BYGGMAX GREEN VENTURES: RECOMA — REPLACING OSB AND PLASTER BOARD WITH RECYCLED MATERIALS - Low carbon building materials made from upcycled packaging — No additives; zero glues, zero chemicals, zero adhesives - Substitutes plaster boards, OSB, Plywood or chipboards — 80-90 precent lower emissions th
Slide 7: Sales development Q2 2023
SALES DEVELOPMENT Q2 2023 Sales development, Q2 2023 vs. 2022 Store portfolio and channel development — 1 3 4 A NUMBER OF STORES e oO April January 12months sue” ~June LFL New stores Currency July 2022 14.3% 24% -0.5% 2023-2023 —Jjune2023 Beginning of the period 206 208 198 = 19% ir Group e-com Sale
Slide 8: P&L Q2 2023 - Efficiency gains and strong operational focus
P&L Q2 2023 - EFFICIENCY GAINS AND STRONG OPERATIONAL FOCUS SEKM 2023 2022 Net sales 2203 2546 Other operating income 3 8 Total revenue 2207 2553 Cost of goods sold -1498 -1730 Other external costs and operating expenses -162 -195 Personnel costs -225 -238 Depreciation and amortization of tangible a
Slide 9: Cash flow & net debt
CASH FLOW & NET DEBT Netdebt exci resis Cash flow from operating activities 1000 1000 500 500 | 3 i ie) | i = Lj = 500 500 ce as ala a a3 ala a a2 @3 Q4 Gt G2 G3 a4 a a2 2021 2022 2023 2021 2022 2023 Cash flow from operating activities amounted to SEK 895 M for Q2 2023, an increase of SEK 615 M comp
Slide 10: Summary: High season continues
SUMMARY: HIGH SEASON CONTINUES Byggmax deliveries solid profitability in important second quarter Strong cost control — lower cost than last year, despite inflation and more stores - Stable and high gross margin — Inventory lower than last year - EBITA SEK 172 million and EBITA margin 7.8 percent St
Slide 11: Q&A