Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q3 2021/22 Earnings Presentation
26 slides from Lagercrantz Group Ab Class B's earnings presentation, Feb 4, 2022
Slide 1: Interim Report Q3 2021/22
Interim Report Q3 2021/22 April – December 2021 (9 months) February 4, 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
Q3 report 2021/22 Revenues and profits Rolling 12 months, quarterly data Nettoomsättning Net sales Resultat efterfinancial Profits after finansnetto items 7 000 700 6 500 650 6 000 600 Profits after financial items, MSEK 5 500 550 Net sales, MSEK 5 000 500 4 500 450 4 000 400 3 500 350 Organic growt
Slide 4: Business conditions
Q3 report 2021/22 Business conditions ◼ Strong revenue growth in Q3 of 30%, of which 14% organic growth. ◼ Continued improvement and recovery in the main markets. Broad based growth for most businesses/companies and for all divisions. Order intake remains strong. ◼ Proactive management with price ad
Slide 5: Q3 2021/22 October – December 2021
Q3 report 2021/21 Q3 2021/22 October – December 2021 ◼ Net revenues increased by 30% to MSEK 1 405 (1 078). ◼ Organic growth 14%. ◼ EBITA up 35% to MSEK 226 (168). ◼ EBITA-margin at 16.1% (15.6). ◼ Profits after financial items increased by 37% to MSEK 191 (139). ◼ Profits after tax increased by 33%
Slide 6: 9 months 2021/22
Q3 report 2021/22 9 months 2021/22 April – December 2021 ◼ Net revenues increased by 31% to MSEK 3 907 (2 973). ◼ Organic growth 15%. ◼ EBITA increased by 49% to MSEK 630 (424). ◼ EBITA-margin at 16.1% (14.3). ◼ Profits after financial items increased by 57% to MSEK 527 (336). ◼ Profits after tax in
Slide 7: Outcome by division
NET SALES 2021/22 2020/21 MSEK Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 345 340 377 320 304 283 302 Control 187 132 152 156 162 119 141 Outcome by division TecSec 241 197 217 136 159 133 133 Niche Products 371 299 331 313 271 212 238 International 261 233 224 193 182 171 163 Parent Company/cons olidation item
Slide 8: Comments by division
Q3 report 2021/22 Comments by division Electrify Revenues +13%. EBITA +10% to MSEK 54 (49) i.e. an EBITA-margin of 15.8% (16.1). A stable quarter with a positive development - strong profits and the business volume is increasing both organically and through acquisitions. The electrification of socie
Slide 9: Comments by division (continued)
Q3 report 2021/22 Comments by division (continued) Niche Products Revenues +37%. EBITA +45% to MSEK 77 (53) i.e. an EBITA-margin of 20.8% (19.6). Strong improvements in demand and earnings across most business, particularly Nikodan, PST, Wapro and Dorotea Mekaniska 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 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 (RO
Slide 12: Reorganized into 5 divisions
Lagercrantz towards 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 product
Slide 13: Aim of 75% proprietary products
Lagercrantz towards 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 9 9 10 8 10 12 15 14 12 12 13 13 13 13 13 13 17 Proprietary products 20 26 25 22 29 Value adding 3
Slide 14: Continued focus on value-add
Lagercrantz towards One billion Continued focus on value-add ◼ Focus on adding Gross margin, % 37.4 38.6 38.3 value and gross 36.7 36.3 36.7 margins 34.8 ▪ Setting goals 30.5 31.6 32.1 ▪ Training 28.0 29.0 ▪ Customisation 26.3 26.5 24.5 25.3 ▪ Service 21.2 ▪ Support ◼ Phasing-out products with low g
Slide 15: Increased focus on sustainability
Lagercrantz towards One billion Increased focus on sustainability Group initiatives in three 50+ local areas: initiatives Reducing the carbon footprint Different local and striving to become neutral initiatives which by 2030 at the latest. focuses on Environmental development and delivery on Gover-
Slide 16: Acquisitions
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 (International) companies in expansive ni
Slide 17: AC Antennas
AC Antennas ◼ Danish AC Antennas is leading within antennas for use in primarily the maritime market. ◼ AC Antennas develops, manufactures and sells to major international OEMs. ◼ AC Antennas constitutes of the companies AC Antennas A/S and Stramatt ApS. ◼ Annual revenues of approx. MDKK 16. ◼ Subsi
Slide 18: Geonor
Geonor ◼ Norwegian Geonor manufactures and sells geotechnical, hydrological, meteorological and environmental equipment and solutions. ◼ Annual revenue of approx. MNOK 30. ◼ Customer base both in Norway and internationally. ◼ Company situated in Østerås in the Oslo area. ◼ Part of division Control.
Slide 19: 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 20: 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 21: CW Lundberg
CW Lundberg ◼ CW Lundberg (CWL) is a leader in safety products for roofs and facades. ◼ Annual revenues of approx. MSEK 185. ◼ Most sales are generated in Sweden, but the company is also pursuing international expansion in Europe and is established in Norway and Poland. ◼ Development, marketing and
Slide 22: Libra
Libra ◼ Norwegian Libra is a market leader in premium quality doors, hatches and storage units to the marine industry. ◼ Annual revenues of approx. MNOK 177. ◼ The customer base is shipyards in Norway, Europe and North America. ◼ Subsidiaries in Norway and Latvia and a minority interest in a company
Slide 23: Financial overview
Financial overview 2021/22 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 RTM Q3 Net Sales 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 5 025 EBITA 223 256 295 355 409 436 519 565 616 822 EBITA,% 9.6% 10.1% 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% 15.1% 16.4% EBT 200 230 265 307 351 358 4
Slide 24: www.lagercrantz.com
www.lagercrantz.com
Slide 25: 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 Urban Lindskog VP Bus Development Head of Electrify Hea
Slide 26: The share & owners
The share & owners • B share listed on Nasdaq Owners 2021-12-31 Shares Votes Stockholm, Large Cap Anders Börjesson & Tisenhult-gruppen 5.7% 29.3% • Ticker: LAGR B SEB Investment Management 14.8% 10.3% Swedbank Robur Funds 12.6% 8.8% Fidelity Investments (FMR) 8.2% 5.8% Lannebo Funds 4.9% 3.5% Jörgen