Slide 1: Nilfisk Q1 2021 Interim Report
Nilfisk Q1 2021 Interim Report Webcast presentation May 28, 2021
Slide 2: On the call today
On the call today Jens Due Olsen Chairman 2 NILFISK Q1 INTERIM REPORT 2021
Slide 3: Forward looking statements
Forward looking statements This presentation contains forward-looking statements, including statements regarding Nilfisk’s future operating profit, financial position, inventory, cash flows, strategic priorities as well as plans for the future. Forward-looking statements include, without limitation,
Slide 4: Agenda
Agenda 1 2 3 4 Takeaways for Q1 2021 Perspectives Q&A Q1 2021 financials and outlook 4 NILFISK Q1 INTERIM REPORT 2021
Slide 5: Key takeaways for Q1 2021
Key takeaways for Q1 2021 • Overall economy increasingly adjusted to the new reality imposed by COVID-19 pandemic • Strong performance in the quarter driven by positive and earlier than expected development in demand recovery for the branded professional business and strong high season sales in the
Slide 6: Business update: On track demand recovery across regions
Business update: On track demand recovery across regions • Business remained operational in spite of COVID-19 restrictions and supply chain constraints • Overall solid demand with increased backlog • Continued recovery across key geographies with improving performance in industrial and commercial se
Slide 7: Agenda
Agenda 1 2 3 4 Takeaways for Q1 2021 Perspectives Q&A Q1 2021 financials and outlook 7 NILFISK Q1 INTERIM REPORT 2021
Slide 8: Income statement
Income statement EUR million Q1 2021 Q1 2020 Change Comments Net sales 237.3 219.1 18.2 • Total reported revenue up by 18.2 mEUR corresponding to Reported growth 8.3% -11.2% 19.5% organic growth of 11.9% Organic growth 11.9% -10.3% 22.2% – Reported growth of 8.3% COGS -138.6 -125.3 -13.3 – Negative
Slide 9: Europe
Europe Comments • Organic growth of 5.5% driven by recovery in demand across key markets with demand recovery in industrial and commercial segments • Strong performance in South region in particular after negative impact in Q1 2020 • In the United Kingdom and the Nordics, recovery is still negativel
Slide 10: Americas
Americas Comments • Organic growth of 11.2% positively impacted by good performance in the US with good recovery in the industrial segment • Focus on the execution of our strategy in the US led to the expansion of our indirect sales channels and improved approach to strategic accounts in US • Positi
Slide 11: APAC
APAC Comments • Solid recovery in the Pacific region, Australia and New Zealand, given the limited exposure to COVID-19 pandemic in the area and positive economic performance • High growth in China following the strong decline in Q1 2020 but still below pre-pandemic levels due to slow demand recover
Slide 12: Other business units
Other business units Consumer Private label and other • Continued the strong performance seen in previous • Strong performance driven by demand from key quarters with a better than expected high season driven customers by new consumer trends, stronger focus on sales execution and new product launche
Slide 13: Balance sheet and cash flow
Balance sheet and cash flow EUR million Q1 2021 Q1 2020 Change Q4 2020 Comments Inventories 164.6 169.4 -4.8 149.3 • Reduction of WC ratio of 3.4 percentage points Trade receivables 181.4 172.6 8.8 154.2 compared to last year was driven by higher revenue and a reduction in WC of 20.2 mEUR due to con
Slide 14: Agenda
Agenda 1 2 3 4 Takeaways for Q1 2021 Perspectives Q&A Q1 2021 financials and outlook 14 NILFISK Q1 INTERIM REPORT 2021
Slide 15: Perspectives on 2021
Perspectives on 2021 Organic growth 11.9% 0% -2.1% -7.3% -10.3% 2021 OG% 2020 OG% -24.9% Q1 Q2 Q3 Q4 EBITDA margin before special items Main drivers Organic growth Organic growth in 2021 Low activity-related costs Normalization of activity-related costs Freight and raw materials prices Freight and r
Slide 16: 2021 full year outlook adjustment
2021 full year outlook adjustment • As a consequence of current strong trading Initial financial outlook for Adjusted financial outlook conditions in our key markets and improved the full year 20211 for the full year 20212 visibility for Q2 including a strong order book, which in particular in the i
Slide 17: Agenda
Agenda 1 2 3 4 Takeaways for Q1 2021 Perspectives Q&A Q1 2021 financials and outlook 17 NILFISK Q1 INTERIM REPORT 2021
Slide 18: Q&A
Q&A 18 NILFISK Q1 INTERIM REPORT 2021
Slide 19: Forward-looking statements
Forward-looking statements This presentation and related comments contain forward-looking statements. Such statements are subject to many uncertainties and risks, as various factors, of which several are beyond Nilfisk Holding’s control, may cause that the actual development and results differ mater