Sdiptech Ab Class B · LSIN:0AAV
Sdiptech Ab Class B — Q2 2022 Earnings Presentation
22 slides from Sdiptech Ab Class B's earnings presentation, Jul 21, 2022
Slide 1: Q2 Report April – June 2022
Q2 REPORT APRIL – JUNE 2022 July 21, 2022 Creating sustainable, efficient and safe societies
Slide 2: Today's presenters
Today’s presenters Jakob Bengt Holm Lejdström CEO CFO Joined Sdiptech in 2014 Joined Sdiptech in 2018 401,228 Class B shares (through 97,535 Class B shares, 500 Preference Currussel AB), 940 Preference shares shares and 60,300 warrants and 113,000 warrants Background: CFO Lagercrantz Group
Slide 3: Second quarter, Financial development, Outlook
Second quarter Financial development Outlook 3
Slide 4: Creating sustainable, efficient and safe societies
CREATING SUSTAINABLE, EFFICIENT AND SAFE SOCIETIES An infrastructure technology group 3,026 19.1% 34% 41% MSEK Net Sales EBITA*-margin Growth EBITA* CAGR EBITA* LTM Q2 2022 LTM Q2 2022 LTM Q2 2022 2017 – Q2 2022 Sources: Sdiptech Financial reports, LTM Q2 2022 4
Slide 5: Sdiptech's overall goal is to create value by increasing profits every year
Sdiptech’s overall goal is to create value by increasing profits every year 577 Sdiptech’s overall goal is to create sustainable, long-term value growth by consistently increasing 509 profits, every year Sdiptech’s business model is designed to acquire 347 niched companies and develop them to th
Slide 6: Solid demand, strong cash flow and strong pipeline
Solid demand, strong cash flow and strong pipeline Demand continues to be strong, although net sales down temporarily Continued strong demand and in general positive organic growth A few business units temporarily down in net sales Related to delays in deliveries e.g. shortage of components
Slide 7: Acquisitions Jan – Jun 2022
Acquisitions Jan – Jun 2022 160 158 New markets Italy, the Netherlands 150 and Denmark 140 130 125 120 Expanded the Resource Efficiency 110 business area 100 94 EBITA MSEK 90 93 90 83 Acquisition pipeline is stronger than 80 67 normal 70 60 50 Financial position is good 40 30 Several ongoi
Slide 8: Acquisition in Q2-22: Welcome RDM
Acquisition in Q2-22: Welcome RDM Annual sales of GBP 14 million, GBP 3.5 million in profit A leader in the design and manufacture of advanced building control, remote monitoring and energy management products Contributes to SDG target: 2.4, 6.5, 7.3 and 12.3 Will be included in the Special
Slide 9: Acquisition in Q2: Welcome ELM Kragelund
Acquisition in Q2: Welcome ELM KRAGELUND First business unit in Denmark Annual operational profit of DKK 32 million ELM develops and sells attachments that contribute to effective internal transport- and handlings solutions Contributes to SDG target: 8.2, 8.8, 9.4, 12.2 and 12.5 Will be in
Slide 10: Second quarter, Financial development, Outlook
Second quarter Financial development Outlook 10
Slide 11: Group sales & EBITA*-margin
Group sales & EBITA*-margin MSEK +24% 3,200 25% 3,026 Sales by country, LTM Q2 2022 3,000 2,844 2,800 +26% 2,719 2,574 12% 2,600 2,444 18.9% 19.1% 20% 18.7% 2,400 2,088 17.6% 17.7% 2% 1% 25% 2,200 16.6% 1% 1,825 3% 2% 2,000 14.4% 15% 6% 1,800 1,496 1,600 11.8% 11.4% 1,400 10% 1,200 1,078 1,000 800 4
Slide 12: EBITA* & EBITA*-margin
EBITA* & EBITA*-margin MSEK +34% Quarter 600 577 25% Sales increased by 27%, whereof -2% organic, 550 538 excl currency effects 509 500 +43% 18,9% 457 19,1% 20% EBITA* increased by 32%, whereof -12% organic, 431 18,7% 450 17,6% 17,7% excl currency effects 16,6% 400 EBITA* margin of increased t
Slide 13: Resource Efficiency
Resource Efficiency Quarter Sales increased by 31% to SEK 338m (257) 1 300 24,4% 1 237 25% Partly driven by the newly acquired business 24,3% 23,7% 1 200 1 157 units Agrosistemi and IDE 23,5% 22,8% 22,7% Also, solid organic growth in several business 1 100 20,8% 1 028 20% units. 1 000 The un
Slide 14: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter Sales increased by 25% to SEK 510m (408) 1 789 1 800 25% Most business units saw good sales growth in Net Sales (SEK m) 1 683 1 691 1 688 EBITA* margin (%) the quarter. 1 600 1 545 1 473 The transport cooling solutions business 20% experienced difficult
Slide 15: Additional metrics
Additional metrics Cash conversion, EPS 1) from ops (SEK per share) Net financial Net debt/ debt/EBITDA EBITDA2) Q2 2022 87% 3.21 (26%) (1.57) 1.58 3.64 (0.99) (2.95) LTM Q2 85% 8.53 2022 (74%) (6.79) 1) EPS: earnings per ordinary share, after dilution and deduction of dividends to preference shareh
Slide 16: Second quarter, Financial development, Outlook
Second quarter Financial development Outlook 16
Slide 17: Looking ahead
Looking ahead Solid demand, infrastructure is always needed Unchanged view on a growing customer demand, infrastructure is always needed Build up of backlog. Catch-up on delays is expected. Update UK regulations for EV chargers from 1 July. Major HW upgrade affecting the entire market and disp
Slide 18: Thank you for listening
Thank you for listening > SDIPTECH
Slide 19: Appendix
Appendix S SuDIPTECH
Slide 20: Management Team and Board of Directors
Management Team and Board of Directors Management Jakob Holm 401,228 (Class B), 940 (Pref) 113,000 (Warrants) Fredrik Navjord 55,524 (Class B) 42,500 (Warrants) CEO Axholmen, General Electric, Accenture Head of Metric, Addtech, Volvo M.Sc. KTH Royal Institute of Technology Water & Energy M.Sc. Chalm
Slide 21: Ownership 30 June 2022
Ownership 30 June 2022 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 5,061,617 13.6% 9.2% Swedbank Robur Fonder 3,178,909 8.5% 5.8% Handelsbanken Fonder 3,045,111 8.2% 5.5% Invesco 2,278,966 6.1% 4.1% Saeid Esmaeilzadeh 1,000,000 1,025,811 5.4% 19.9% Ashkan Pouya 1,000,000 1,
Slide 22: EBITA* → Net profit
EBITA* → Net profit MSEK 2022 2021 2022 2021 Jan – Jun Jan – Jun LTM Jun Full Year Net Sales 1,630.9 1,323.6 3,026.2 2,718.9 Operational costs -1,326.2 -1,087.0 -2,448.8 -2,209.6 Profit from operations, EBITA* 304.7 236.6 577.4 509.3 EBITA*, best representation of the profits from the ongoing operat