Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q1 2022 Earnings Presentation
18 slides from Byggmax Group Ab's earnings presentation, Apr 21, 2022
Slide 1: Q1 Report 2022
a1 Report 2022 April 21, 2022 Mattias Ankarberg, CEO Helena Nathhorst, CFO
Slide 2: Q1 2022: Strong start to the year
Q1 2022: STRONG START TO THE YEAR sek Net sales R12 — Qt net sales increased 14% (26%) to 1,271m (1,111m) 8000 o Continued growth momentum despite extreme comps 6000 o Continued market share gains 4000 o Like-for-like sales increased 1% (+20%) o E-com accounted for 21% of Group sales 2000 Qi @2 @3 @
Slide 3: Key events
KEY EVENTS — Store portfolio upgraded at record pace, to 81% (46%) of portfolio as Store 3.0 -— 2new stores opened in Q1 2022 — Acquisition of BygMax A/S, a Danish e- commerce company — New ambitious climate agenda launched, incl. targets for GHG reduction and first Byggmax Green Venture investment
Slide 4: Clear and leading discount position
CLEAR AND LEADING DISCOUNT POSITION VILKEN BYGGHANDEL UPPLEVER DU HAR LAGST PRIS? “HAR FINNS SVERIGES V Test BILLIGASTE TRADACK” ASTON ADA EST Verified LUndersokningen pubicerades pS sftonbiadet.seapri'20z1, Quality &Performance Pristest pa terrassebord: betal for mye VG Ap BYGGMAX
Slide 5: Continuing to outperform the market
CONTINUING TO OUTPERFORM THE MARKET Percent, local currency, Nordic B2C DIY market 32 20 12 13 0 Market Market Byggmax Market Byggmax Byggmax Group Group -2-4 Group 2020 2021 Q1 2022 Q1 2022: Market stabilized at new higher level — Despite macro uncertainty, positive impact from increased role of th
Slide 6: Profitable growth through proven initiatives
PROFITABLE GROWTH THROUGH PROVEN INITIATIVES Store upgrades e-com ia ae 2 or = BYGGMAX =«_& iP? ; FORNYAHEMMET MED FARG Mila om med en testvinnare. Extend online exclusive range & more convenient shopping alternatives Store 3.0 upgrade adds +6% sales per store: more catego- ies, better quality exper
Slide 7: Q1 2022: Growth initiatives continued to deliver
Q1 2022: GROWTH INITIATIVES CONTINUED TO DELIVER Store upgrades 81% (46%) of stores Q1 2022 - Store upgrades at record pace Q1 2022 - Store 3.0 at 81% (46%) of portfolio end Q1 — Upgrade to Store 3.0 add ca 6% sales per store e-commerce 21% (22%) of Group sales RTM Q1 2022 — Byggmax branded e-com sa
Slide 8: Acquisition of Danish e-com company BygMax A/S
ACQUISITION OF DANISH E-COM COMPANY BYGMAX A/S Danish founder led e-com pioneer Founded in 2002 with the idea to offer a wide range of quality DIY products at the best prices — Over time grown organically, profitably, and with very high customer satisfaction — Wide assortment range of +125,000 produ
Slide 9: New ambitious climate agenda
NEW AMBITIOUS CLIMATE AGENDA Minimize emissions Byggmax Green Ventures Radically reduce emissions Develop, manufacture and sell from own operations: own circular products eee 5 S020 — Fit with Byggmax offer (by vs ) — Positive climate benefit — Generate sales & profit Net zero value chain 2040 > Do
Slide 10: Ambitious targets for minimizing emissions
AMBITIOUS TARGETS FOR MINIMIZING EMISSIONS woot Our approach Own emissions Reduce GHG emissions from own _ ; Scope 1&2 operations, vs. base year 2020, by — “First things first New! -90% in 5 years (until 2027) hierarchy — Impact own value chain (no offsets) Transportation Reduce GHG per transported
Slide 11: Green Venture #1: More Wood
GREEN VENTURE #1: MORE WOOD Swedish start-up, two experienced founders Aim to produce timber beams out of cross- laminated timber scrap, today burned for heat Byggmax funds and anchors as main customer and part owner — Initial investment SEK 7m — Option for majority stake Potential to avoid GHG of 2
Slide 12: Sales development Q1 2022
SALES DEVELOPMENT Q1 2022 Sales development, Q1 2022 vs. 2021 Store portfolio and channel development (eo) NUMBER OF STORES e (e) Jan-Mar — 12 months Apr 2021 LFL Acquisitions New stores Currency Be SE EE? 81% 0.8% 9A% 2.8% 1.7% Beginning of the period 192 75 Store 3.0 (46%) ‘Sweden +New stores 2 9
Slide 13: P&L Q1 2022
P&L Q1 2022 SEKM 2022 2021 Net sales 1271 1111 Other operating income 10 8 Total revenue 1281 1119 Cost of goods sold -819 -734 Other external costs and operating expenses -152 -105 Personnel costs -183 -161 Depreciation and amortization of tangible and intangible fixed assets -145 121 Total operati
Slide 14: Cash flow & net debt
CASH FLOW & NET DEBT Cash flow from operating activities Netdebt exci. 1000 1000 500 | 500 2 ee : pia ss S00 500 a @2 @ a4 a @2 @ aia a a a aia @ a ala 2020 2021 2022 2020 2021 2022 The cash flow from operating activities amounted to SEK 257 M for Q1 2022, a decrease of SEK 75 M compared to Q1 2021.
Slide 15: Trending above financial targets
TRENDING ABOVE FINANCIAL TARGETS Targets Q1 2022 Comment Sales SEK 10bn 2025 SEK 7.8bn SEK 7.0bn Q1 2021 RTM EBITA 7-8% 11.3% 10.9% Q1 2021 margin RTM Net debt / <2.5x 0.8x 0.4x Q1 2021 EBITDA RTM EBITDA, ex. IFRS16 Dividend 50% 39% SEK 4.00 per share Share of net income proposed CO2e— Science-based
Slide 16: Full steam ahead 2022
FULL STEAM AHEAD 2022 Positive market outlook = BYGGMAX 2 WP — DIY market larger post vs. pre pandemic (not as during) — Accelerating shift to discount as prices increase ss FORNYA HEMMET Record high growth activity MED FARG — Upgrade store portfolio to Store 3.0 at record pace Miia om med an Sestet
Slide 17: Q&A
Slide 18: Byggmax