Indutrade Ab · OMXSTO:INDT

Indutrade Ab — Q2 2021 Earnings Presentation

18 slides from Indutrade Ab's earnings presentation, Jul 19, 2021

  1. Slide 1: Q2 Report 2021

    An entrepreneurial world where people make the difference Bo Annvik, President and CEO Q2 Report 2021 Patrik Johnson, CFO 19 July 2021

  2. Slide 2: Highlights second quarter 2021

    Highlights second quarter 2021 ▪ Strong demand – improved vs Q1-21 and Q2-20 ▪ Organic order intake +26% and net sales +16% ▪ Positive development in almost all companies, segments and countries ▪ Limited effects of supply chain issues and higher costs for raw materials, components and freight ▪ Rec

  3. Slide 3: Order intake

    Order intake QUARTERLY GROWTH MSEK Q growth 6 500 24 000 30% 6 000 22 000 25% 5 500 26% 20 000 5 000 20% 18 000 4 500 16 000 15% 4 000 14 000 10% 3 500 12 000 3 000 5% 7% 2 500 10 000 0% 2 000 8 000 0% 2016 2017 2018 2019 2020 2021 -3% -5% Q Order intake R12M Order intake Organic Acquisitions Divest

  4. Slide 4: Net sales

    Net sales QUARTERLY GROWTH MSEK Q growth 6 000 22 000 20% 5 500 20 000 15% 5 000 18 000 16% 4 500 16 000 10% 4 000 14 000 3 500 5% 7% 12 000 3 000 2 500 10 000 0% 0% 2 000 8 000 -3% 2016 2017 2018 2019 2020 2021 -5% Q Net sales R12M Net sales Organic Acquisitions Divestments Currency Q GROWTH YTD GR

  5. Slide 5: EBITA

    EBITA QUARTERLY GROWTH MSEK Q growth 900 16% 35% 800 14% 30% 32% 700 12% 25% 600 10% 20% 500 8% 15% 400 6% 10% 300 12% 4% 5% 200 2% 0% 100 0% -4% 0 0% -5% 2016 2017 2018 2019 2020 2021 -10% Q EBITA* Q EBITA margin* Organic Acquisitions Divestments Currency *) Excluding restructuring costs 2017-Q4 Q2

  6. Slide 6: Organic sales growth Q2 by Business Area

    Organic sales growth Q2 by Business Area Total growth: +24% +4% +5% +17% +25% +29% +23% +28% 35% ▪ A broad demand improvement with positive sales development in almost all 30% 31% companies, segments and countries ▪ MedTech/pharma sectors, infrastructure 25% 25% and process industry continued with a

  7. Slide 7: EBITA margin by Business Area

    EBITA margin by Business Area 20% 18,5% ▪ All time high EBITA margin – increased 18% 16,8% 17,6% EBITA margin in seven out of eight 16,2% 15,9% Business Areas 16% 14% 14,1% 14,4% ▪ Improvements mainly driven by strong 12,0% organic growth and gross margin 12% Q EBITA margin ▪ Continued good cost man

  8. Slide 8: Acquisitions 2021

    Acquisitions 2021 Acquisitions Business Area Annual Sales Pistesarjat Oy Finland 100 MSEK Tecno Plast Industrietechnik GmbH Benelux 230 MSEK Q1 Fire Proof B.V. Benelux 70 MSEK Typhoon Group Benelux 40 MSEK Efcon Water B.V. Benelux 20 MSEK CKJ Steel A/S Fluids & Mechanical Solutions 140 MSEK Q2 Lamis

  9. Slide 9: Key data summary

    Key data summary MSEK 2021-Q2 2020-Q2 Change 2021-YTD 2020-YTD Change Order Intake 6,006 4,604 30% 11,753 10,005 17% Net Sales 5,552 4,614 20% 10,669 9,590 12% Gross margin, % 34.8 33.7 34.6 33.9 EBITA 843 602 40% 1,556 1,218 28% EBITA-margin, % 15.2 13.0 14.5 12.7 Net financial items -29 -35 -17% -

  10. Slide 10: Cash Flow from operating activities

    Cash Flow from operating activities MSEK 900 ▪ Continued good cash flow level 800 ▪ Operating cash flow during the 700 quarter was 792 (806) MSEK 600 ▪ The slight decline versus last year was mainly due to an increase in 500 the working capital. Last year 400 working capital decreased. 300 ▪ The wor

  11. Slide 11: Earnings per share

    Earnings per share SEK SEK 1,8 6 ▪ EPS during the quarter grew 51% to SEK 1.54 (1.02) 1,6 5 1,4 ▪ Improvements mainly driven 1,2 4 by higher EBITA 1,0 ▪ 3- and 5-year rolling 4Q 3 0,8 earnings per share CAGR, were 16% and 15% 0,6 2 0,4 1 0,2 0,0 0 2016 2017 2018 2019 2020 2021 Q EPS R4Q EPS * Adjust

  12. Slide 12: Net debt

    Net debt SEK 7 000 120% ▪ The interest-bearing net debt increased versus Q1-21 to 6 000 100% 5,389 MSEK, but remained 5 000 lower than last year 80% 4 000 ▪ The increase during the 60% quarter was mainly due to the 3 000 dividend pay-out of 655 MSEK 40% 2 000 ▪ Net debt/equity ratio was 20% 59% (72%

  13. Slide 13: Strengthened Group Management

    Strengthened Group Management Morgan O'Brien UltraPure International Intensify the development Independent brand of MedTech/Pharma appointed Senior Vice President businesses for continued Offering cleanroom assemblies Business Development sustainable profitable & President UltraPure of single-use sy

  14. Slide 14: Limited impact of covid-19 in Q2

    Limited impact of covid-19 in Q2 ▪ Still some covid-19 related orders, but at lower levels than last year ▪ Some disturbances and disruptions in the supply chains; shortage of components and longer delivery times ▪ Higher costs for raw materials, components and freight, but limited impact on Group l

  15. Slide 15: Key takeaways

    Key takeaways ▪ Strong and broad demand ▪ Record EBITA margin and improved capital efficiency ▪ Nine acquisitions so far in 2021 with turnover >700 MSEK – good pipeline ▪ Strong order backlog – good demand level is expected to continue ▪ Supply chain issues poses potential risk ▪ Diversified busines

  16. Slide 16: Thank you!

    Thank you! Q&A |

  17. Slide 17: Financial calendar & contact details

    Financial calendar & contact details Interim Report 1 January – 30 September 2021 Year End Report 1 January – 31 December 2021 Contact: ir@indutrade.com +46 8 703 03 00

  18. Slide 18: Trusted by entrepreneurs

    MT indutrade Trusted by entrepreneurs

Indutrade — Q2 2021 Earnings Presentation on 6ix