Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — FY2021/22 Earnings Presentation
22 slides from Lagercrantz Group Ab Class B's earnings presentation, May 17, 2022
Slide 1: Year-end report 2021/22
Year-end report 2021/22 April 2021 – March 2022 (12 months) May 17, 2022 Jörgen Wigh, CEO Peter Thysell, CFO
Slide 2: Tech Group with leading positions in niches
Introduction to Lagercrantz Group Tech Group with leading positions in niches Lagercrantz Group Electrify Control TecSec Niche Products International 14 companies 11 companies 8 companies 16 companies 13 companies 9 countries 7 countries 6 countries 9 countries 7 countries ◼ B2B Tech Group offering
Slide 3: Revenues and profits
Year-end report 2021/22 Revenues and profits Rolling 12 months, quarterly data Nettoomsättning Net sales Resultat efterfinancial Profits after finansnetto items 8 000 800 7 000 700 Profits after financial items, MSEK 6 000 600 Net sales, MSEK 5 000 500 4 000 400 Organic growth 3 000 & Acquisitions 3
Slide 4: Q4 - Business conditions
Year-end report 2021/22 Q4 - Business conditions ◼ Strong revenue growth of 41% in Q4, of which 20% organic growth, 17% via acquisitions and 4% of currency. ◼ Strong broad-based demand continued for the main markets in the Nordics and northern Europe. ◼ Proactive management with price adjustments ha
Slide 5: FY 2021/22 April 2021 – March 2022
Year-end report 2021/22 FY 2021/22 April 2021 – March 2022 ◼ Net revenues increased by 34% to MSEK 5 482 (4 091). ◼ Organic revenue growth 16%. ◼ EBITA increased by 45% to MSEK 895 (616). ◼ Organic EBITA-growth 29%, Acquisitions 14%. ◼ EBITA-margin of 16.3% (15.1). ◼ Profits after financial items gr
Slide 6: Q4 2021/22 January – March 2022
Year-end report 2021/22 Q4 2021/22 January – March 2022 ◼ Net revenues increased by 41% to MSEK 1 575 (1 118). ◼ Organic growth 20%. ◼ EBITA up 38% to MSEK 265 (192). ◼ EBITA-margin at 16.8% (17.2). ◼ Profits after financial items increased by 29% to MSEK 214 (166). ◼ Profits after tax increased by
Slide 7: Outcome by division
QUARTERLY DATA NET SALES 2021/22 2020/21 MSEK Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 404 345 340 377 320 304 283 302 Control Outcome by division 189 187 132 152 156 162 119 141 TecSec 251 241 197 217 136 159 133 133 Niche Products 453 371 299 331 313 271 212 238 International 278 261 233 224 193 182 171
Slide 8: Comments by division
Year-end report 2021/22 Comments by division Electrify Revenues +26%. EBITA +21% to MSEK 69 (57) i.e. an EBITA-margin of 17.1% (17.8). A good quarter with positive development – sales volume is increasing, primarily organically, and the profits improved for several companies. The electrification of
Slide 9: Comments by division (continued)
Year-end report 2021/22 Comments by division (continued) Niche Products Revenues +45%. EBITA +36% to MSEK 83 (61) i.e. an EBITA-margin of 18.3% (19.5). Improvements in demand and earnings across most business, particularly Wapro, Dorotea Mekaniska, Kondator and PST, which all reported strong organic
Slide 10: Lagercrantz towards One billion
Of importance ahead Lagercrantz towards One billion “Our business concept has been successful for many years. Through this strategic program, we will continue the journey and within 5 years build an even stronger B2B Tech Group with one billion in profits. ” Key themes; ◼ Clarifying strategies and f
Slide 11: Vision and financial goals
Lagercrantz towards the One billion Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit (EBT) growth >15% ▪ At least 1/3 organically and the rest through 5-8 acquisitions per year. ❖ Return on equity
Slide 12: Reorganized into 5 divisions
Lagercrantz towards the One billion Reorganized into 5 divisions Electrify Control TecSec Niche Products International 14 companies 11 companies 8 companies 16 companies 13 companies 9 countries 7 countries 6 countries 9 countries 7 countries Products for Measure and control Solutions for Niched pro
Slide 13: Organic growth
Lagercrantz towards the One billion Organic growth ◼ Board work, MD conference and internal focus on growth. ◼ Business Plans in all companies with short, medium and long term targets. ◼ Strategies for growth in all companies. ◼ ”Dig where you stand”, new products, new customers and segments and new
Slide 14: Measure, compare, challenge
Lagercrantz towards the One billion Measure, compare, challenge ROS* > 20%: 14 units Focus on growth, 15 – 20%: 14 units > 10% maintaining profitability 10 – 15%: 17 units Focus on profitability 6 – 10% 6 – 10%: 5 units and growth 3 – 6% 3 – 6%: 3 units Focus on < 3% profitability < 3%: 3 units *) R
Slide 15: Aim of 75% proprietary products
Lagercrantz towards the One billion Aim of 75% proprietary products Percentage share of Group sales, Moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 2 2 5 5 5 4 4 3 9 9 6 5 7 6 6 6 8 8 8 9 10 8 10 12 15 14 12 12 13 13 13 13 13 13 17 Proprietary products 20 26 25 22 29 Value addi
Slide 16: Acquisitions
Lagercrantz towards the One billion 62 acquisitions since 2006, including: Acquisitions 2017 E-Tech Components Ltd (International) Bereila B.V. (Asept Group, Niche Products) Profsafe AB (Niche Products) R-Contracting AB (TecSec) ◼ Focus on acquiring leading Wapro AB (Niche Products) NST DK A/S (Inte
Slide 17: Westmatic
Westmatic ◼ Westmatic is a leading supplier of environmentally friendly automated washing systems for heavy-duty vehicles (buses, trains, trucks and construction equipment). ◼ Annual revenues of approx. MSEK 175. ◼ Strong market position in Sweden, Norway, northeastern America and with exports to ot
Slide 18: ARAS Security
ARAS Security ◼ Danish ARAS Security is a security company and system developer specializing in combined alarm and access control systems, smart buildings and digitalization. ◼ The company’s solutions are based on the open and modular security system NOX, for which ARAS Security has exclusivity in t
Slide 19: Financial overview
Financial overview 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 Net Sales 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 5 482 EBITA 223 256 295 355 409 436 519 565 616 895 EBITA,% 9.6% 10.1% 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% 15.1% 16.3% EBT 200 230 265 307 351 358 431 460 50
Slide 20: www.lagercrantz.com
www.lagercrantz.com
Slide 21: Board and Management
Appendix Board and Management Board of Directors Management Jörgen Wigh Peter Thysell Per Ikov Fredrik Börjesson Anna Almlöf President & CEO CFO VP Bus Development (DK) Chairman of the Board Ulf Södergren Anna Marsell Andreas Heder Peter Baaske Daniel Wedberg VP Bus Development Head of Electrify Hea
Slide 22: The share & owners
The share & owners • B share listed on Nasdaq Owners 2022-03-31 Shares Votes Stockholm, Large Cap Anders Börjesson & Tisenhult-gruppen 5.7% 29.3% • Ticker: LAGR B SEB Investment Management 14.7% 10.3% Swedbank Robur Funds 12.5% 8.8% Fidelity Investments (FMR) 8.6% 6.0% Lannebo Funds 5.2% 3.6% Jörgen