Momentum Group Ab Class B · OMXSTO:MMGR_B
Momentum Group Ab Class B — Q3 2022 Earnings Presentation
26 slides from Momentum Group Ab Class B's earnings presentation, Oct 27, 2022
Slide 1: Interim Report Q3 2022
Interim Report Q3 2022 27 October 2022
Slide 2: Presenting today
Presenting today Ulf Lilius, CEO Niklas Enmark, CFO Momentum Group 27/10/2022 2
Slide 3: Agenda
Agenda • Q3 highlights • Development during the quarter • Financial targets • Growth strategy • Shareholders • Q&A Momentum Group 27/10/2022 3
Slide 4: Activity level remains high, with increased revenue and favourable profit growth
Q3 2022 highlights Activity level remains high, with increased revenue and favourable profit growth Revenue: EBITA: EBITA/WC: +17% +16% 62% • Continued solid sales • Organic sales growth Acquisitions: performance • Well-managed price • Growth of 8% for increases comparable units • Cost control (7 Se
Slide 5: Development during the quarter Q3 2022
Development during the quarter Q3 2022
Slide 6: Group: Sales Q3 2022
Group: Sales Q3 2022 Growth in comparable units vs Q3 2021 • • Revenue increased by 17% to SEK 400 m (343) Growth in comparable units of 8% +8% • Positive sales trend in both business areas • Still no signals of slow-down Revenue, SEK million • Global component shortage stabilizing but still long le
Slide 7: Group: Earnings Q3 2022
Group: Earnings Q3 2022 EBITA vs Q3 2021 • Earnings growth due to: – – Organic sales growth Cost control +16% – Well-managed price increases – Acquisitions EBITA and operating profit, SEK m • Operating profit rose by 18% to SEK 47 m (40) – depreciation of right-of-use assets and tangible non- 60 250
Slide 8: Group: 1 Jan-30 Sep 2022
Group: 1 Jan-30 Sep 2022 Growth in comparable units vs 1 Jan–30 Sep 2021 • Revenue increased by 14% to SEK 1,245 m (1,089) – for comparable units an increase of 9% +9% • Operating profit rose by 14% to SEK 133 m (117) including EBITA growth expenses affecting comparability of SEK –6 m (–) related vs
Slide 9: Components business area
Components business area Revenue growth in comparable units vs Q3 2021 Momentum Industrial • Increasing sales growth, mainly driven by strong +7% growth in paper/pulp, automotive and steel segments • Continued effects from component shortage, but Revenue R12 situation improving during the quarter •
Slide 10: Services business area
Services business area Revenue growth in comparable units vs Q3 2021 • Positive development in both sales and earnings in Q3 +14% • Strong contribution from Rörick (especially the Revenue R12 workshops in Örebro and Köping) and Mekano • Delivery delays and material shortages gradually subsided durin
Slide 11: Profitability, cash flow and financial position
Profitability, cash flow and Equity/assets ratio financial position • EBITA/WC increased to 62% (60) 44% • Cash flow from operating activities for the reporting Available cash and cash equivalents, period SEK 65 m (90) SEK m 952 – Inventory increase of SEK 27 m, due to extra stock purchases – Paid t
Slide 12: Financial targets performance
Financial targets performance EBITA growth Profitability 70% WC turnover (R12) 60% 10 50% 8 40% 30% 6 12/2021: 61% 09/2022: 62% 20% 03/2019: 46% 4 12/2020: 54% 10% 03/2020: 52% 45% 0% 2 1906 1909 1912 2003 2006 2009 2012 2103 2106 2109 2112 2203 2206 2209 -10% EBITA 0 margin -20% 2% 4% 6% 8% 10% 12%
Slide 13: Continued growth through development and acquisition of sustainable businesses
Growth strategy Continued growth through development and acquisition of sustainable businesses
Slide 14: Completed acquisitions during 2022 – add almost SEK 150 million in annual turnover
Completed acquisitions during 2022 – add almost SEK 150 million in annual turnover HNC Group Mytolerans Börjesson Pipe Systems (BPS) Acquired share: 70% Acquired share: 70% Acquired share: 100%. Partially paid for Closing: June 2022 Closing: September 2022 by own B shares. About: HNC Group is a lead
Slide 15: Critical success factors in place for continued acquisition-driven growth
Critical success factors in place for continued acquisition-driven growth 1 2 Financially strong with room for Principal owners who want to acquisitions grow the group in this area 3 4 Industrial network mainly in Processes and resources in Sweden, but also in Denmark, place to evaluate and implemen
Slide 16: Sustainable development – "We develop employees and sustainable companies"
Sustainable development – "We develop employees and sustainable companies" The business philosophy is based on a decentralised responsibility for results, with collaboration and partnership between the different companies in the business area, Decentralised where it is mutually beneficial We operate
Slide 17: Our desired position
Our desired position Components business area Services business area Aftermarket sales Specialist (product verticals) Technical service Focus/ambition Focus/ambition Focus/ambition Company in the sale of industrial Companies with leading specialist positions Technical industrial services company in
Slide 18: Momentum Industrial celebrating 25 years
Momentum Industrial celebrating 25 years 1997-2022 Momentum Group 27/10/2022 18
Slide 19: Q&A
Q&A
Slide 20: Contact us
Contact us Please email us at ir@momentum.group if you have any questions. Momentum Group momentum.group
Slide 21: Appendix
Appendix
Slide 22: IFRS effects on cash flow
IFRS effects on cash flow Reporting period Full year MSEK 30 Sep 2022 30 Sep 2021 31 Dec 2021 31 Dec 2020 (9 m) IFRS effects on cash flow from operations 37 28 41 23 IFRS effects on cash flow from financing activities -37 -28 -41 -23 Net 0 0 0 0 Momentum Group 14/07/2022 22
Slide 23: Our shareholders
Our shareholders
Slide 24: Short facts about the shareholders
Short facts about the shareholders No of owners 4,483 15% foreign ownership 4,200 Fund ownership: 22% of which private individuals 41% 10 81% Free float: largest owners hold Momentum Group 27/10/2022 24
Slide 25: Largest shareholders
Largest shareholders Shareholder A shares B shares Capital Votes Nordstjernan 213 27 776 641 55,02% 50,00% Tom Hedelius 513 124 1,02% 9,24% Handelsbanken Fonder 2 518 326 4,99% 4,53% Kempen Capital Management 2 200 000 4,36% 3,96% Carnegie Fonder 1 782 434 3,53% 3,21% Enter Fonder 1 701 608 3,37% 3,
Slide 26: Dates for upcoming financial information
Dates for upcoming financial information Financial reports Annual General Meeting 9 May 2023 at 16:00 CET 15 February 2023 Year-end financial report 2022 Annual report 2022 27 April 2023 31 March 2023 Interim Report for the first quarter of 2023 14 July 2023 Interim Report for the second quarter of