Slide 1: Pricer AB Third quarter and the period January - September 2018
Pricer AB Third quarter and the period January - September 2018 Stockholm, October 26, 2018
Slide 2: Continued strong order intake - record high net sales
Third quarter; Continued strong order intake - record high net sales Order intake Net sales Operating profit Operating margin 286 406 31.0 7.6 SEK M SEK M SEK M % (234) (194) (20.5) (10.6) 2
Slide 3: Record high order intake, net sales and operating profit
January – September; Record high order intake, net sales and operating profit Order intake Net sales Operating profit Operating margin 994 808 60.1 7.4 SEK M SEK M SEK M % (641) (575) (38,8) (6,7) 3
Slide 4: Record high order intake, rolling quarters
Record high order intake, rolling 4 quarters Order intake, SEK M ● Continued strong order intake in the quarter; 600 1 400 +22% compared to the same period last year 500 1 200 ● Order intake in the third quarter was spread over 400 1 000 several geographical markets, with France and 800 Norway contr
Slide 5: Record high net sales; rolling quarters
Record high net sales; rolling 4 quarters Net sales, SEK M ● Strong net sales growth in the quarter; +110% 500 1200 compared to the same period last year 1000 400 ● The ongoing major US customer project 800 represents the single largest contribution to the 300 strong growth in the period 600 200 ● L
Slide 6: Low gross margin in the quarter as a consequence of product and contract mix
Low gross margin in the quarter as a consequence of product and contract mix Gross profit, SEK M Gross Margin, % 80 300 35% 35% 70 30% 30% 250 60 200 25% 25% 50 20% 20% 40 150 15% 15% 30 100 20 10% 10% 50 10 5% 5% 0 0 0% 0% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 2017 2018 2017 2018 Qua rte r Rolling 4 qua rt
Slide 7: Record high operating profit; rolling quarters
Record high operating profit; rolling 4 quarters Operating profit, SEK M Operating margin, % 40 80 15% 15% 30 60 10% 10% 20 40 5% 5% 10 20 0 0 0% 0% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 2017 2018 2017 2018 Qua rte r Rolling 4 qua rter s Qua rte r Rolling 4 qua rter s 7
Slide 8: Negative cash flow due to increased capital tied up
Negative cash flow due to increased capital tied up Cash flow from operating ● Negative cash flow from operating activities of activities, SEK M SEK -52.6 M for the third quarter 150 150 ● SEK 117,5 M in cash and cash equivalents at 100 100 the close of the period ● Strong increase in net sales and
Slide 9: Third quarter in brief
Third quarter in brief ● High production and delivery activity ● Ramp-up of production capacity – continued good scalability ● New rules for US import tariffs on goods manufactured in China were introduced on September 24, 2018, currently 10% but an increase to 25% has been announced. ● Competition
Slide 10: New innovation; AI on shelf-edge
Ny innovation; AI on shelf-edge This product is in test- and development phase Collection and analysis of data on how it really looks in the store Machine learning software combined with small cameras on the shelf-edge allows unique insights in products’ location, availability and other sales-relate
Slide 11: Why invest in Pricer?
Why invest in Pricer? ● Strong underlying market growth; digitization of physical retail considered necessary for maintaining competitiveness ● Unique and hard to copy technical solution; based on reliable, scalable, energy-efficient and interference-free communication ● Strong balance sheet conti
Slide 12: Pricer - Bringing trust to retail
PRICER BRINGING TRUST TO RETAIL