Munters Group Ab · OMXSTO:MTRS
Munters Group Ab — Debt Investor Presentation (2025)
37 slides from Munters Group Ab's debt investor presentation, 2025
Slide 1: Munters
Munters World leader in energy-efficient climate solutions Agreement signed to divest the FoodTech Equipment offering, Katharina Fischer, GVP & CFO closing expected in Q2 2025. The comments and figures in this Line Dovärn, Head of Investor Relations presentation refer to continuing operations unless
Slide 2: Information not for release in the United States
The information in this Presentation is not for release, publication or distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. No securities referred to in this Present
Slide 3: Agenda
Agenda Introduction and quarterly highlights AirTech Data Center Technologies FoodTech MTN Programme and Proposed Offering Appendix
Slide 4: World leader in energy-efficient climate solutions
Full-year 2024 World leader in energy-efficient Business area share Countries with sales climate solutions Order Intake & production >30 20% Sales MSEK 52% 15,453 29% Production plants Net Sales 27 19% Adj. EBITA margin Headquarters 15.1% 53% Regional share Americas 28% Number of EMEA APAC Order Ord
Slide 5: We assist our customers in securing critical operations
We assist our customers in securing critical operations, production quality and to become more sustainable Net sales per business area – Q1 2025 FoodTech AirTech 48% DCT 41% 11% State-of-the-art cooling Ultra dry air for battery Climate & hygiene control for Dehumidification for Controllers for opti
Slide 6: Strengthen, develop and expand our core
Strengthen, develop and expand our core – dehumidification & evaporative cooling Components Service & End Market Components Rotors with Digital connectivity desiccant drying Units Systems wheel DCT AirTech Service SyCool Chilled Water LCE & Air handling Glasdek Split Infrastructure CDU2 units (Chill
Slide 7: Munters strategic journey – positioning us for the next growth wave
Munters strategic journey – positioning us for the next growth wave Growth Profitability Stability 2019 2020 2021 2022 2023-2025 • New CEO and part of • New strategic priorities • Efficiency improvement • AT & FT delivering on • Delivering on strategy, the management team launched initiatives contin
Slide 8: Investments supporting the next growth wave
CAPEX (Q) Investments supporting 450 15% the next growth wave 300 7.2% 10% %-net sales MSEK 150 5% Continued investments aiming at 0 0% strengthening competences, upgrades, Q1 2023 Q2 Q3 Q4 Q1 2024 Q2 Q3 Q4 Q1 2025 digitalize & automize CAPEX CAPEX % of net sales • AirTech: investments in the new fa
Slide 9: Progression towards our financial & sustainability targets
Sustainability targets Progression towards our financial & for 2030 – FY 2024 performance sustainability targets Reduce CO2e** Scope 1 & 2: Scope 3: 51.6% 42.0% reduction in Currency adj. growth Adj. EBITA margin OWC/net sales absolute the use phase reduction per sold unit +16%* 13.5%* 10.2%* +3% -3
Slide 10: Service ambition in line with strategic direction
Service ambition in line with Service share of business area net sales*, Q1 strategic direction Munters ambition: AirTech DCT FoodTech • AirTech 19% (24) 5% (4) 26% (47) • grow our large globally installed base Components share of AirTech net sales • continuous innovation Components • dehumidificati
Slide 11: M&A categories in focus
Delivery on M&A agenda to fuel growth Structured process for M&A and integration with aligned workflows 2023 2024 Focus on value creating from Acq., Tobo Component, Acq., Geoclima, Sweden Net sales: MSEK 76 Italy Net sales: MEUR 40 day 1 Core / of integration Employees: 14 Employees: 165 consolidati
Slide 12: Leverage ratio and liquidity position
Leverage ratio and liquidity position Leverage ratio increased to 3.1x Development of leverage and net debt (2.6x, adj. for Equipment proceeds) 2 000 3,5 Net debt increased mainly due 3,1 0 2.9 2.9 3,0 to: 2,5 -2 000 2.3 2.6 • lease liabilities Amesbury, US 2.3 2,0 2.2 2.1 2.0 -4 000 • acq. of remai
Slide 13: Strong performance in a volatile environment
Strong performance in a volatile environment Q1: Strong order intake Q1: Robust net sales growth Q1: Healthy profitability Order intake Announced orders* Net sales Net sales growth* Adj. EBITA Adj. EBITA margin EBIT margin MSEK MSEK MSEK Order backlog 15 000 70% 800 20% 6 000 60% 4 000 50% 600 16% 1
Slide 14: Agenda
Agenda Introduction and quarterly highlights AirTech Data Center Technologies FoodTech MTN Programme and Proposed Offering Appendix
Slide 15: AirTech: Global leader in air treatment for industry
AirTech Global leader in air treatment for industry Customer segments of order intake 19% 11% 26% Order intake, MSEK* Net sales, MSEK* Adjusted EBITA margin* 18% 7,161 8,053 11.2% 10% 16% MSEK MSEK % Battery Other Industrial 20 2 500 Commercial Clean Technologies 2 000 Service Components 2 000 15 2,
Slide 16: AirTech: Our offering to the market
AirTech Our offering to the market Components Products Systems Services • Product quality and Performance • Product quality and Performance • Product quality and Performance • Product quality and Performance • Rotor and media innovation • Energy efficiency • Energy efficiency • Energy efficiency • S
Slide 17: Solid development in most customer segments
AirTech Solid development in most customer segments Order intake per customer MSEK segment 2 500 Customer % order Market segment* intake Q1 outlook* 2 000 Industrial 53% → Battery 11% 1 500 Commercial 16% Other industrial 26% 1 000 Clean Technologies 10% → 37% → Service & Components Services 18% 500
Slide 18: Agenda
Agenda Introduction and quarterly highlights AirTech Data Center Technologies FoodTech MTN Programme and Proposed Offering Appendix
Slide 19: Sustainable cooling solutions that facilitate digitization
Data Center Airech Technologies Sustainable cooling solutions that facilitate LTM distribution of order intake digitization Customer segment 3% 26% Order intake, MSEK* Net sales, MSEK* Adjusted EBITA margin* 71% 4,853 4,941 21.9% Hyperscalers Colo Enterprise MSEK MSEK % 11600 600 24 22.8% 3 000 3000
Slide 20: Total market growth & our addressable market
Data Center Technologies Total market growth & our addressable market Cooling ~10-15% of total DC CAPEX – 0% MARKET CAGR SPREAD >25% liquid cooling higher due to complexity Other Electrical Cooling Infrastructure Niche Niche Liquid Cooling Premium IT Equipment Construction Relative growth outlook Mu
Slide 21: Agenda
Agenda Introduction and quarterly highlights AirTech Data Center Technologies FoodTech MTN Programme and Proposed Offering Appendix
Slide 22: A world leader in digitalizing the food supply-chain
FoodTech A world leader in digitalizing the food Customer segments, supply-chain order intake, LTM 3% 8% 20% Order intake, MSEK* Net sales, MSEK* Adjusted EBITA-margin* 1,246 1,224 21.2% 4% 65% MSEK % MSEK 30 400 400 439 Broiler Swine Layer % 413 Plants Other 20 16.1% Segment order intake, Q 200 200
Slide 23: FoodTech - a focused digital offering
FoodTech FoodTech - a focused digital offering Offering Brands Partnerships Customers Controllers (incl. IoT & sensors) Part of Munters Farmers, integrators +50,000 Controllers Automate, monitor, optimize & dealers Controllers connected/prepared environments with digital connectivity capabilities to
Slide 24: FoodTechs digital business - added value
FoodTech FoodTechs digital business - added value IoT & Sensors Controllers Software Sold direct to food producers and Sold direct to C-suite food via partners to farmers producers Traceability & Drive yield and Optimize planning/ transparency sustainability forecasting & supply chain Food producers
Slide 25: Agenda
Agenda Introduction and quarterly highlights AirTech Data Center Technologies FoodTech MTN Programme and Proposed Offering Appendix
Slide 26: MTN programme and proposed offering
MTN programme and proposed offering Medium Term Note Programme Proposed Offering Overview Munters Group AB Issuer Size MSEK 1,000 exp. (publ) Framework amount MSEK 5,000 Tenor 3-5 years Governing law Swedish Format Fixed and/or Floating Listing Nasdaq Stockholm Security Senior unsecured Arranger Nor
Slide 27: Net proceeds from green bonds towards sustainable solutions
Net proceeds from green bonds towards sustainable solutions Allocation of green bond proceeds to finance activities towards the below two environmental goals Climate Change Mitigation Key highlights from Second Party Opinion Use of Proceed must meet the below criteria*: Moody’s Investor Service • Ca
Slide 28: Summary
Summary Strong AirTech progressing Strategic advantage performance in a DCT & FoodTech – in line with with regional volatile robust pillars expectations production environment
Slide 29: Appendix
Appendix
Slide 30: Regionalized manufacturing strategy mitigates macro uncertainty
Regionalized manufacturing strategy mitigates macro uncertainty Opportunities Munters Megatrends Market situation Consequences • Strategically See no current need to • Climate change • Tariff policy • Tariffs positioned further regionalize • Digitalization • Inflationary • Trade restrictions manufac
Slide 31: Strong order intake and top line growth
Quarterly update Strong order intake and top line growth • Net Sales increased; Change (%) Q1 Q1 • AT - declined, lower battery & Service sales in Americas 2025 2024 Organic Structural Currency MSEK growth growth* effects • DCT – increased, successful backlog execution in Americas, growth in EMEA &
Slide 32: Clean Technologies – solutions for a healthier planet
AirTech Clean Technologies – solutions for a healthier planet Business Line Clean Technologies Decarbonization Emission Cleaning (Mitigation path) (Abatement path) Segment Power Process Electronics Tech- Mist elimination nologies VOC* abatement Mass transfer End customer Waste to Wind Steel, cement,
Slide 33: Selection of market players
AirTech Selection of market players Humidity Control Technologies Clean Technologies Air Quality & Dehumidification & Humidification Pollution Control AM/AS/EU EU/AM AM EU/AS EU/AS/AM EU/AS/AM AS EU AM AM AM/AS EU/AS/AM AS 33
Slide 34: Strong order backlog to be delivered throughout 2025 & 2026
Strong order backlog to be delivered throughout Data Center Technologies 2025 & 2026 2023 2024 2025 2026 MUSD 88 US colocator CRAHs MUSD 137 US colocator SyCool MUSD 65 US colocator CRAHs MUSD 35 US colocator LCX system (CDU) MUSD 60 US hyperscaler CRAHs MUSD 55 US colocator CRAHs MUSD 37 US colocat
Slide 35: The basic steps of cooling & heat rejection for split systems
The basic steps of cooling & heat rejection for the most commonly Data Center Technologies used split systems 1. DISSIPATION 2. CAPTURE 4. RELEASE (INSIDE THE SERVER – NOT DONE BY (INSIDE THE DC) 3. TRANSFER (OUTSIDE THE DC) MUNTERS) Illustrative CPUs and GPUs generate heat when That heat is capture
Slide 36: Selection of market players - Munters well positioned for growth
Data Center Technologies Selection of market players - Munters well positioned for growth An order in DCT generally consists of several equipment deliveries Small Medium Large Extra Large (<1 BSEK) (1-2 BSEK) (2-10 BSEK) (>10 BSEK) Technologies Data Center EU/AS/AM EU/AS/AM Several Several medium AM
Slide 37: FoodTech on a journey of accelerated growth
FoodTech FoodTech on a journey of accelerated growth 2. Replicating into new segments, 1. Developing existing segments geographies and customers 3. Partnerships with technology leaders BEEF AQUA … Tech POULTRY SWINE Tech Company Company S UPPLY C HAIN O PTIMIZATION S OFTWARE POULTRY SWINE NUTRITION