Slide 1: Nilfisk Q2 results 2022
Nilfisk Q2 results 2022 WEBCAST PRESENTATION August 18, 2022
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements, including statements regarding Nilfisk’s future operating profit, financial position, inventory, cash flows, strategic priorities as well as plans for the future. Forward-looking statements include, without limitation,
Slide 3: On the call today
On the call today Executive Management Team of Nilfisk Torsten Türling CEO Reinhard Mayer CFO 3 FINANCIAL RESULTS Q2 2022
Slide 4: Agenda
Agenda 1 CEO comment on Q2 2022 2 Financials Q2 2022 3 Unchanged outlook for 2022 4 Q&A 4 FINANCIAL RESULTS Q2 2022
Slide 5: CEO comment: Q2 2022 topline growth
CEO comment Q2 2022 Financials – topline growth despite operational challenges from tornado event at USDC 272.0 5.5 % • Sales growth continued in Q2 2022 mEUR • Europe Professional Business as key growth driver Revenue Reported revenue growth • Americas growth above expectations • New US Distributio
Slide 6: CEO comment: earnings impacted by inflationary pressures
CEO comment Q2 2022 Financials – earnings impacted by inflationary pressures, pricing and investments in BP26 34.5 mEUR 12.7 % • Increased inflationary cost pressures including high freight costs • Strong pricing execution partially mitigated margin impact; EBITDA bsi EBITDA margin bsi pricing initi
Slide 7: Business Plan 2026 – strategy focused on long-term growth
CEO comment Business Plan 2026 – strategy focused on long-term, sustainable growth • Optimize Europe leadership position – develop smart pricing tools • Enhance supply chain robustness – supplier diversification and material cost savings • New ways of working (WoW) – Strengthened Nilfisk Leadership
Slide 8: Agenda
Agenda 1 CEO comment on Q2 2022 2 Financials Q2 2022 3 Unchanged outlook for 2022 4 Q&A 8 FINANCIAL RESULTS Q2 2022
Slide 9: Branded professional Europe driving Q2 growth
Branded professional Europe driving Q2 growth Organic growth in branded professional by region Revenue by operating segment Q2 2022 Q2 2022 vs. Q2 2021 Q2 2022 vs. Q2 2021 Q2 2021 233.9 Branded 9.4% professional 215.6 -5.3% 23.1 Consumer 1.6% 26.3 15.0 Private label and other 15.9 272.0 Total 257.8
Slide 10: Strongest revenue growth in Europe in Q2 2022
Strongest revenue growth in Europe in Q2 2022 Organic revenue growth by region Revenue by region Q2 2022 Q2 2022 vs Q2 2021 Q2 2022 vs. Q2 2021 Q2 2021 159.7 Europe 4.6% 156.8 -4.6% 89.1 Americas 1.6% 78.0 23.2 APAC & MEA 23.0 272.0 Total 257.8 10 FINANCIAL RESULTS Q2 2022
Slide 11: Highlights for Q2 2022
Highlights for Q2 2022 Q2 income statement Organic revenue growth of 2.8% to 272.0 mEUR • reported growth of 5.5% EUR million Q2 2022 Q2 2021 Change • positive impact from FX of 3.5% Net sales 272.0 257.8 14.2 Solid demand continued in Q2 Reported growth 5.5% 34.9% -2940 bps Organic growth 2.8% 38.5
Slide 12: Financial position and cash flow
Financial position and cash flow • Inventories increased by 67.0 mEUR driven by higher business activity and investments into increased inventory of critical parts and components EUR million Q2 2022 Q2 2021 Change • Working capital increased by 89.8 mEUR, primarily Inventories 242.4 175.4 67.0 as a
Slide 13: Agenda
Agenda 1 CEO comment on Q2 2022 2 Financials Q2 2022 3 Unchanged outlook for 2022 4 Q&A 13 FINANCIAL RESULTS Q2 2022
Slide 14: Outlook for 2022 maintained
Outlook for 2022 maintained Guidance maintained given the current visibility on • market demand, including our all time high order book • inflationary developments and profitability levels • impact from USDC expected to be about 10-12 mEUR in H2 4% to 7% organic revenue growth 13.5% to 15.5% EBITDA
Slide 15: Q&A
Q&A Torsten Türling CEO Reinhard Mayer CFO 15 FINANCIAL RESULTS Q2 2022