Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q3 2021 Earnings Presentation
22 slides from Fagerhult Group Ab's earnings presentation, Oct 29, 2021
Slide 1: We light up your world – Q3 2021 presentation
We light up your world Q3 2021 presentation October 29th 2021 www.fagerhultgroup.com
Slide 2: Third quarter
Third quarter Sales development ─ Recovery continues, increasing customer demand ─ Strong organic order intake and higher order backlog Operating margin ─ Strong profitability levels despite supply chain challenges ─ Cost control and increased market activities Completed acquisition of our North Ame
Slide 3: Q3 2021 in figures
Q3 2021 in figures 2500 250 2000 200 Order intake: 1 895 MSEK (1 664) +14,5% organic 1500 150 Net sales: 1 745 MSEK (1 700) +3,7% organic 1000 100 Operating profit: 184,2 MSEK (144,11) 500 50 Operating margin: 10,6% (8,5%1) Earnings per share: 0,72 SEK (0,0) 0 0 Q3 2020 Q3 2021 Net Sales, MSEK Opera
Slide 4: First three quarters 2021 in figures
First three quarters 2021 in figures 6000 600 Order intake: 5 872 MSEK (5 465) 5000 500 +12,2% organic 4000 400 Net sales: 5 268 MSEK (5 116) +7,5% organic 3000 300 Operating profit: 545,3 MSEK (308,41) 2000 200 Operating margin: 10,4% (6,0%1) 1000 100 Earnings per share: 2,03 SEK (0,46) 0 0 Q1-3 20
Slide 5: Energy consumption
Market potential following increased focus on sustainability and energy efficiency Significant energy savings with new technology Conventional lighting Energy consumption Increasing demand for energy efficient solutions, e.g. High quality lighting ─ EU Green Deal and will be part of the Renovation W
Slide 6: Whitecroft Vitality ReLight
Whitecroft Vitality ReLight ─ Further development of Whitecroft’s circular product platform Vitality ─ While new buildings are more energy efficient the upfront carbon cost associated with their construction is high ─ This initiative focuses on significant operational carbon savings in existing buil
Slide 7: Lighting for healthy indoor environments
Lighting for healthy indoor environments ─ Our sustainable approach to lighting also include a strong a focus on human well-being ─ Based on research1, Fagerhult has developed the new innovative Notor 65 Dynamic, to create lighting that mimics daylight ─ Direct/indirect light combined with direction
Slide 8: Acquisition of remaining shares in Sistemalux
Acquisition of remaining shares in Sistemalux ─ Acquisition of remaining 30% shares in Sistemalux Inc. was completed on Aug 30th • iGuzzini acquired first 70% ownership in 2018 ─ Sistemalux is based in Montreal, Canada, and have a long-term business relationship with iGuzzini • Net sales in 2020, ap
Slide 9: Fagerhult Group
gerhult Group
Slide 10: Financial summary
Financial summary MSEK Q3 2021 Q3 2020 Q1-3 2021 Q1-3 2020 Net sales 1 745 1 700 2,6% 5 268 5 116 3,0% - Organic growth 62 3,7% 381 7,5% - FX-differences -5 -184 - Acquistion / divestment -12 -45 Operating profit 1 184 144 545 308 1 Operating profit, % 10,6% 8,5% 10,4% 6,0% Net profit 128 5 362 87 E
Slide 11: Sales development
Sales development Net sales R12 Net sales R12, MSEK 8000 7000 6000 5000 4000 3000 2000 1000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 2018 2019 2020 2021 Q3 2021 presentation 11
Slide 12: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Adjusted operating margin1,% Rolling 12 months 16,0% 14,0% 12,0% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 2018 2019 2020 2021 Q3 2021 presen
Slide 13: Business Area Collection
Business Area Collection 12001200 24% 24% Financials Q3 10001000 20% 20% ─ Order intake 857 (760) MSEK, organic 13,7% 800800 16% 16% ─ Net sales 764 (769) MSEK, organic 0,2% ─ Operating margin 7,3% (6,8%) 600600 12% 12% 400400 8% 8% Business update ─ Good order intake growth across all businesses 20
Slide 14: Business Area Premium
Business Area Premium 800 18% Financials Q3 700 16% ─ Order intake 637 (502) MSEK, organic 27,3% 600 14% ─ Net sales 629 (572) MSEK, organic 10,4% 12% 500 ─ Operating margin 15,5% (11,7%) 10% 400 8% Business update 300 6% ─ Continued strong organic growth in all main markets, including the Nordics 2
Slide 15: Business Area Professional
1200 24% Business Area Professional 1000 400 20% 20% Financials Q3 ─ Order intake 209 (226) MSEK, organic -9,7% 800 16% ─ Net sales 262 (221) MSEK, organic 17,7% 300 15% 600 12% ─ Operating margin 8,4% (4,8%) 200 10% 400 8% Business update ─ Strong sales growth in the UK and developing growth in Aus
Slide 16: Business Area Infrastructure
Business Area Infrastructure 250 50% Financials Q3 ─ Order intake 192 (171) MSEK, organic 12,3% 200 40% ─ Net sales 179 (200) MSEK, organic -10,4% ─ Operating margin 13,0% (14,7%) 150 30% Business update 100 20% ─ Order backlog more than doubled since the start of the year ─ Significant growth oppor
Slide 17: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 1200 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 2018 2019 2020 2021 -200 Q3 2021 presentation 17
Slide 18: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,00 5500 5,50 5000 5,00 4500 4,50 4000 4,00 3500 3,50 3000 3,00 2500 2,50 2000 2,00 1500 1,50 1000 1,00 500 0,50 0 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015
Slide 19: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share by quarter, SEK Rolling 12 months 6 5 4 3 2 1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 * Q1 Q2 Q3 2015 2016 2017 2018 2019 2020 2021 -1 Q3 2021 presentation * Q4 2020 includes the positive im
Slide 20: www.fagerhultgroup.com
www.fagerhultgroup.com
Slide 21: Conclusions and recap
Conclusions and recap ─ Continued recovery and strong organic order intake growth ─ Good profitability levels ─ Availability of components and materials remains a challenge ─ Good progress with strategic initiatives and continued good collaboration Q3 2021 presentation 21
Slide 22: www.fagerhultgroup.com
www.fagerhultgroup.com