Slide 1: Balco Group AB Q2 report 2022
Balco Group AB Q2 report 2022 14 July 2022 Kenneth Lundahl CEO Michael Grindborn, CFO Camilla Ekdahl, COO
Slide 2: Q2 – Continued net sales growth but loss projects negatively affect the result
Q2 – Continued net sales growth but a smaller number of loss projects negatively affect the result 1 Net increase 2 Margin deviation from some projects • Net sales for the quarter increased by 16 The margin deviation is linked to loss projects in percent, all organic growth Norway which together hav
Slide 3: Acting CEO of Balco Group AB
Acting CEO of Balco Group AB The board of directors of Balco Group AB (publ) has decided to appoint Camilla Ekdahl, currently COO and Managing Director of Balco AB, as acting President of Balco Group from 1 September 2022 until the recruitment process is completed . As previously communicated, Kenne
Slide 4: Q2 financial highlights
Q2 financial highlights Continued net sales growth but a smaller number of loss projects negatively affect the result • Net sales increased by 16 percent to 351 MSEK (304) Net sales • Renovation accounted for 87% of sales and New Build for 13% • Order intake amounted to 364 MSEK (505) Order intake a
Slide 5: Q2 – development per business segment
Q2 – development per business segment Renovation segment Order intake, MSEK Order backlog, MSEK 23% -26% 1 431 476 1 161 350 2021 2022 2021 2022 Revenue, MSEK Operating profit, MSEK 14% -21% 306 31 267 24 2021 2022 2021 2022 Balco Group AB – Interim Report 1 April - 30 June 2022
Slide 6: Q2 – development per business segment
Q2 – development per business segment New Build Order intake, MSEK Order backlog, MSEK -31% 233 -52% 161 29 14 2021 2022 2021 2022 Revenue, MSEK Operating profit, MSEK 25% -9% 45 36 4 3 2021 2022 2021 2022 Balco Group AB – Interim Report 1 April - 30 June 2022
Slide 7: 6M financial highlights
6M financial highlights Double-digit growth in net sales • Net sales increased by 15 percent to 640 MSEK (554) of which 9% organic growth Net sales • Renovation accounted for 86% of sales and New Build for 14% • Order intake amounted to 656 MSEK (768) Order intake The Renovation segment accounted fo
Slide 8: 6M – development per business segment
6M – development per business segment Renovation segment New build Order intake, MSEK Order intake, MSEK -18% 44% 722 66 590 46 2021 2022 2021 2022 Revenue, MSEK Revenue, MSEK -1% 18% 552 88 87 466 2021 2022 2021 2022 Operating profit, MSEK Operating profit, MSEK -2% -24% 7 49 48 6 2021 2022 2021 20
Slide 9: Strong financial position
Strong financial position Equity ratio and balance sheet strong, prepared for more acquisitions • Equity/asset ratio at 55% (51) Equity/asset ratio • Net debt (incl. leasing)/EBITDA at 1,3x (1.3) Net debt/EBITDA • Net debt (excl. leasing)/EBITDA at 0.7x (1.0) • Profit after tax 39 MSEK (42) for the
Slide 10: Financial targets
Financial targets Balco figures LTM 10% per year” Revenue growth Growth “Balco shall achieve growth of 12% 20% per year” Eps growth Profitability “Earnings per share shall grow by 54% 2.5 times adjusted operating profit before NET DEBT/ adj. Ebitda 1,3x / 0.7x Capital structure “Interest-bearing net
Slide 11: Sustainability and Green transformation
Sustainability and Green transformation Sustainability for Balco Group 1 Goal Our vision is to offer energy savings through innovative solutions and Our goal is that within three years: More than 30 percent of the high-quality products in the form of balconies and facade solutions that group’s sales
Slide 12: Q&A
Q&A
Slide 13: Financial appendix
Financial appendix
Slide 14: Consolidated income statement
Consolidated income statement Apr-Jun Jan-Jun Jul-Jun Jan-Dec MSEK Note 2022 2021 2022 2021 2021/22 2021 Net sales 351.2 303.5 639.5 554.0 1,206.1 1,120.5 Production and project costs -275.1 -221.6 -489.8 -408.8 -905.2 -824.2 Gross profit 76.1 81.9 149.8 145.2 300.9 296.3 Sales costs -32.8 -31.5 -63
Slide 15: Consolidated balance sheet
Consolidated balance sheet 30-jun 30-jun 31-dec 30-jun 30-jun 31-dec MSEK 2022 2021 2021 MSEK 2022 2021 2021 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Goodwill 448.2 450.0 448.0 Share capital 131.5 131.5 131.5 Other intangible assets 109.3 111.0 109.9 Other capital contributions 405.1
Slide 16: Consolidated cash flow statement
Consolidated cash flow statement Apr-Jun Apr-Jun Jan-Jun Jul-Jun Jan-Dec MSEK 2022 2021 2022 2021 2021/22 2021 Operating activities Operating profit (EBIT) 27.6 34.4 53.5 56.3 115.2 118.0 Adjustment for non-cash items 4.3 8.8 8.9 17.9 19.0 28.0 Interest received 0.2 0.1 0.4 0.1 1.0 0.8 Interest paid
Slide 17: Key ratios
Key ratios Apr-Jun Jan-Jun Jul-Jun Jan-Dec MSEK 2022 2021 2022 2021 2021/22 2021 Net sales 351.2 303.5 639.5 554.0 1,206.1 1,120.5 Order intake 364.1 505.1 655.9 768.2 1,445.9 1,558.3 Order backlog 1,591.9 1,394.4 1,591.9 1,394.4 1,591.9 1,557.0 Gross profit 76.1 81.9 149.8 145.2 300.9 296.3 EBITDA
Slide 18: Segments financials
Segments financials Apr-Jun Jan-Jun Jul-Jun Jan-Dec Net sales, MSEK 2022 2021 2022 2021 2021/22 2021 Renovation 305.8 267.3 552.2 466.1 1,032.8 946.6 New Build 45.3 36.2 87.3 87.9 173.3 173.9 Group other 6.7 5.8 13.3 11.6 26.2 24.5 Elimination -6.7 -5.8 -13.3 -11.6 -26.2 -24.5 Total Net Sales 351.2