Cavotec Group Ab · OMXSTO:CCC
Cavotec Group Ab — Q3 2024 Earnings Presentation
16 slides from Cavotec Group Ab's earnings presentation, Nov 8, 2024
Slide 1: Third quarter 2024
Third quarter 2024 David Pagels, CEO Joakim Wahlquist, CFO
Slide 2: Cavotec in short
Cavotec in short - A leading cleantech company with close to 50 years of experience - Designs and delivers connection, automation and electrification solutions - Enables decarbonisation of ports, mines and other industrial applications - Large installed base globally provides an untapped potential f
Slide 3: Strong position in a market driven by megatrends and regulations
Strong position in a market driven by megatrends and regulations Leading technology and Megatrends Regulations market position Market driven by the need to Increasing regulations from Leading technology and reduce greenhouse gases and authorities to reduce position in prioritised market noise pollut
Slide 4: Our business segments
Our business segments Ports & Maritime Share of Sales World-leading solutions for ports, ships and other marine applications 62% Unique systems for automated mooring, shore power, crane electrification, and connection and charging systems, significantly improving the environment in ports worldwide I
Slide 5: Recent business progress
Recent business progress - Inauguration of our new facility in Chennai, India - Two major shore power orders signed in October with a total value of EUR 6.5 m - Several PowerMove mobile cable management systems designed to serve cruise and RoRo vessels - Supply of two PowerMove shore power systems t
Slide 6: Good revenue growth with improved profitability
Good revenue growth with improved profitability Revenue +5.1% and EBIT +76.3% EBIT Revenue EUR 3.0 m (1.7) Net profit EUR 44.1 m (42.0) EBIT margin EUR 1.0 m (0.1) 6.8% (4.1) Slide 6
Slide 7: Good revenue growth
Good revenue growth - Revenue +5.1%, EUR 44.1 m (42.0) - Currency had a small positive impact of 0.3% EUR m Revenue 60 - Strong quarter for Industry with good sales of 50 radio remote controls and services 40 30 20 10 - 22 22 23 23 23 23 24 24 24 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Slide 7
Slide 8: Order intake project-driven
Order intake project-driven - Order intake -6.0%, EUR 36.1 m (38.5) - Project-driven business and order intake can EUR m Order backlog fluctuate between quarters depending on 180 timing of the order signing 160 140 120 - Order backlog -19.1%, EUR 110.4 m (136.5) 100 80 - Order backlog -6.7% from EUR
Slide 9: Robust EBIT improvement
Robust EBIT improvement - EBIT +76.3%, EUR 3.0 m (1.7) EUR m EBIT and EBIT margin 5 14% - EBIT margin improved to 6.8% (4.1%) 12% 4 - Positive effects from our ongoing change 10% 3 8% programs especially in Ports & Maritime and 2 6% increased cost control as well as improved 4% 1 purchasing procedur
Slide 10: Positive net profit for the fifth consecutive quarter
Positive net profit for the fifth consecutive quarter - Net result improved to EUR 1.0 m (0.1) EUR m Net result and EPS 3 0,04% - Earnings per share, basic and diluted, improved to 2 EUR 0.010 (0.001) 1 0,02% 0 0,00% -1 -2 -0,02% -3 -4 -0,04% -5 -0,06% -6 -7 -0,08% -8 -9 -0,10% 22 22 23 23 23 23 24
Slide 11: Cash flow decreased but leverage ratio improved year-over-year
Cash flow decreased but leverage ratio improved year-over-year - Operating cash flow amounted to EUR -1.1 m EUR m Operating cash flow (4.3) 6 - Negatively affected by increased working capital 4 due to higher inventory related to deliveries in 2 the next quarter and timing of receivables 0 collectio
Slide 12: Ports & Maritime – strong margin improvement
Ports & Maritime – strong margin improvement Revenue - Revenue +1.6%, EUR 27.9 m (27.4) EUR m 40 35 - EBITDA +65.9%, EUR 3.7 m (2.2) 30 25 - EBITDA margin improved to 13.2% (8.1%) 20 - Two major shore power orders signed in October 15 10 with a total value of EUR 6.5 m 5 0 22 22 23 23 23 23 24 24 24
Slide 13: Industry – strong revenue growth
Industry – strong revenue growth Revenue - Revenue +11.6%, EUR 16.2 m (14.6) EUR m 20 18 - Good demand for radio remote controls 16 14 and services 12 10 - EBITDA EUR 0.8 m (0.9) 8 6 4 - EBITDA margin decreased to 4.8% (6.4%) 2 0 - Continue to work with accelerating the 22 22 23 23 23 23 24 24 24 Q3
Slide 14: Key strategic priorities
Key strategic priorities - Execution of the change programs, especially in Industry - Sourcing and supply chain improvements - Increased focus on innovation and product development - Untap the service potential in the installed base - Focus on working capital development and strengthening of our fin
Slide 15: Good foundation for continued value creation
Good foundation for continued value creation - Good underlying market demand and business activity - Strong momentum in the organisation - Steadily improved profitability - Clear strategic priorities and efficient change programs to build a stronger Cavotec - A key player in the transition to a more
Slide 16: Q&A
Q&A Fourth quarter and year-end report 21 February Slide 16