Slide 1: Year-End Report 2021
An entrepreneurial world where people make the difference Bo Annvik, President and CEO Year-End Report 2021 Patrik Johnson, CFO 2 February 2022
Slide 2: Summary 2021
Summary 2021 Net Sales ▪ Another strong and successful year for Indutrade 21,7BSEK ▪ Positive and broad demand development ▪ Orders grew +20% and Sales +13% ▪ All time high EBITA margin of 14,7% EBITA margin ▪ Strong cash flow of 2,9 BSEK ▪ 17 acquisitions with annual turnover of 1,6 14,7% BSEK ▪ Bo
Slide 3: Highlights fourth quarter 2021
Highlights fourth quarter 2021 ▪ Continued broad strong demand in most segments and companies ▪ Organic Order Intake grew +15% and Net Sales +6% ▪ Record high EBITA margin driven by strong organic sales and gross margin together with positive development in newly acquired companies ▪ All time high c
Slide 4: Order intake
Order intake QUARTERLY GROWTH MSEK Q growth 7 000 26 000 16% 6 500 24 000 14% 15% 6 000 22 000 5 500 12% 20 000 5 000 10% 18 000 4 500 16 000 8% 4 000 14 000 8% 3 500 6% 3 000 12 000 4% 2 500 10 000 2 000 8 000 2% 2016 2017 2018 2019 2020 2021 0% 0% 0% Q Order intake R12M Order intake Organic Acquis
Slide 5: Net sales
Net sales QUARTERLY GROWTH MSEK Q growth 6 000 24 000 8% 5 500 22 000 7% 5 000 20 000 7% 6% 4 500 18 000 6% 5% 4 000 16 000 4% 3 500 14 000 3% 3 000 12 000 2 500 10 000 2% 2 000 8 000 1% 2016 2017 2018 2019 2020 2021 1% 0% 0% Q Net sales R12M Net sales Organic Acquisitions Divestments Currency Q GRO
Slide 6: Organic Sales Growth trend
Organic Sales Growth trend 20,0% • Full year organic sales growth +8% in 2021 versus 15,0% a stable 2020 10,0% • Growth in all Business Areas • Book to bill of 1,08 has 5,0% created a strong order back log 0,0% -5,0% -10,0% 2017 2018 2019 2020 2021 6
Slide 7: EBITA
EBITA QUARTERLY GROWTH MSEK Q growth 900 18% 10% 800 16% 9% 700 14% 9% 8% 8% 600 12% 7% 500 10% 6% 400 8% 5% 300 6% 4% 200 4% 3% 100 2% 2% 0 0% 2016 2017 2018 2019 2020 2021 1% 0% 0% 0% Q EBITA* Q EBITA margin* Organic Acquisitions Divestments Currency *) Excluding restructuring costs 2017-Q4 Q4-21
Slide 8: EBITA
EBITA QUARTERLY GROWTH MSEK Q growth 900 18% 10% NON-RECURRING ITEMS 800 16% 9% 9% 700 14% 8% Non-recurring items Q3-21 8% 600 12% 7% -21 (-) MSEK 500 10% 6% EBITA margin excluding 400 8% 5% non-recurring items 300 6% 4% 15.0% (14.2%) 200 4% 3% 100 2% 2% 0 0% 2016 2017 2018 2019 2020 2021 1% 0% 0% 0
Slide 9: Organic sales growth Q4 by Business Area
Organic sales growth Q4 by Business Area Total growth: +18% +26% +26% +5% +27% +5% +14% +15% 25% ▪ Organic sales growth in seven out of eight Business Areas 20% ▪ Strongest growth in Business Areas DACH, 20% Fluids & Mechanical Solutions and Finland supported by positive development within Q organic
Slide 10: EBITA margin by Business Area
EBITA margin by Business Area 20% ▪ Record EBITA margin for a Q4 18,0% 18% 16,8% ▪ Continued strong gross margin 15,4% 15,4% development 16% 15,1% 15,1% 15,1% ▪ Positive development among newly 14% acquired companies 12% ▪ Strongest improvements in Business Areas Q EBITA margin 10% DACH and Fluids &
Slide 11: 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
Slide 12: Key data summary
Key data summary MSEK 2021-Q4 2020-Q4 Change 2021-YTD 2020-YTD Change Order Intake 6,293 5,104 23% 23,474 19,595 20% Net Sales 5,726 5,028 14% 21,715 19,217 13% Gross margin, % 35.9 34.7 35.0 34.0 EBITA 836 712 17% 3,202 2,615 22% EBITA-margin, % 14.6 14.2 14.7 13.6 Net financial items -22 -33 -33%
Slide 13: Cash Flow from operating activities
Cash Flow from operating activities MSEK 1 000 ▪ All time high quarterly cash flow 900 ▪ Operating cash flow during the 800 quarter increase with 14% to 901 700 (792) MSEK 600 ▪ The improvement mainly related to the higher result 500 400 ▪ Working capital seasonally lower than Q3 but higher than las
Slide 14: Earnings per share
Earnings per share SEK SEK 1,8 7 ▪ EPS during the quarter grew 16% 1,6 to SEK 1.44 (1.24) 6 1,4 ▪ Improvements mainly driven by 5 1,2 higher EBITA 1,0 4 ▪ Full year EPS grew with 25% to 0,8 3 SEK 5.76 (4.60) 0,6 2 ▪ 3- and 5-year rolling 0,4 4Q earnings per share 0,2 1 CAGR*, were 15% and 17% 0,0 0
Slide 15: Net debt
Net debt SEK 7 000 120% ▪ The interest-bearing net debt increased to 5,489 (4,878) 6 000 100% MSEK 5 000 80% ▪ The increase was mainly 4 000 due to a higher acquisition 60% pace 3 000 ▪ Net debt/equity ratio was 53% 40% 2 000 (56%) 20% 1 000 0 0% 2016 2017 2018 2019 2020 2021 Net debt Net debt / Equ
Slide 16: Business model continuously refined
Business model continuously refined Develop Acquire People and Talent management Resource and capability build-up Knowledge sharing and toolbox Scalable organization and structure Growth plans based on portfolio model Expanding geographical scope Sustainability 16
Slide 17: Sustainability strategy towards 2030
Sustainability strategy towards 2030 ▪ To reach the long- term 2030 objectives, a number of key ratios have been defined for each area ▪ Measured and evaluated yearly 17
Slide 18: Key takeaways
Key takeaways ▪ Successful 2021 with great financial performance ▪ Continued broad strong demand ▪ Record Q4 EBITA margin ▪ All time high Cash Flow and strong financial position ▪ High acquisition pace with 7 transactions in Q4 – strong pipeline ▪ Supply chain issues still in many companies, but man
Slide 19: Thank you! Q&A
Thank you! Indutrade
Slide 20: Financial calendar & contact details
Financial calendar & contact details 2 FEBRUARY 2022 Year End Report 2021 29 APRIL 2022 Interim Report 1 January – 31 March 2022 19 JULY 2022 Interim Report 1 January – 30 June 2022 28 OCTOBER 2022 Interim Report 1 January – 30 September 2022 Contact: ir@indutrade.com +46 8 703 03 00
Slide 21: Trusted by entrepreneurs
MT indutrade Trusted by entrepreneurs