Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q2 2024 Earnings Presentation

13 slides from Lindab International Ab's earnings presentation, Jul 19, 2024

  1. Slide 1: Lindab Group Q2 report

    For a better climate TM Lindab Group Q2 report 19 July 2024 Ola Ringdahl President & CEO Lars Ynner CFO

  2. Slide 2: Q2 Summary

    Q2 Summary SALES SEK m GROWTH Target 10% SALES SPLIT 90/10 in 2027 3,520 Organic -3% Ventilation Systems Structural +8% 75/25 Profile Systems Currency 0% operating activities EBIT SEK m EBIT % EBIT % Target 10% CASH FLOW SEK m 338 9.6 342 Ventilation Systems 10.4% +6% Profile Systems 8.7% 2

  3. Slide 3: Record sales for Group and Ventilation Systems in the quarter

    Record sales for Group and Ventilation Systems in the quarter Sales per year, SEK m Ventilation Systems SEK m Lindab Group SEK m Sales, SEK m SEK m Profile Systems Organic Structural Sales, SEK m Q2, 2024 growth growth Q2, 2023 Lindab Group 3,520 -3% 8% 3,365 Ventilation Systems 2,654 -4% 11% 2,480

  4. Slide 4: Improved profitability across the board

    Improved profitability across the board Adj. EBIT per quarter and 12 months Ventilation Systems SEK m Lindab Group % SEK m % Adj. EBIT, SEK m Adj. EBIT R12 months, % SEK m Profile Systems % Adj. EBIT, SEK m Q2, 2024 Q2, 2023 Lindab Group 338 9.6% 302 9.0% Ventilation Systems 276 10.4% 254 10.2% Prof

  5. Slide 5: Continued strong cash flow from operating activities

    Continued strong cash flow from operating activities Strong financial position supports additional acquisitions Cash flow from operating activities • Cash flow from operating activities amounted to SEK 342 m +6% 342 SEK m (323) in Q2. Refinancing • In June, Lindab signed a new long-term credit agree

  6. Slide 6: Net debt

    Net debt • Net debt amounted to SEK 4,517 m (3,747), 2.1 Net debt / EBITDA Financial Net debt / EBITDA 1.5 of which SEK 1,480 m (1,393) is related to leasing liabilities. (Financial) Net debt • Net debt/EBITDA amounted to 2.1 (2.0). /EBITDA MSEK • Financial Net debt/EBITDA amounted to 2.5 5,000 1.5

  7. Slide 7: Building a stronger Lindab

    Building a stronger Lindab 8

  8. Slide 8: Accelerating profitable growth

    Accelerating profitable growth 2009-2017 2018-2023 2024-2027 Debt reduction Investing in the Accelerating business profitable growth Generated profits and cash Focus on fewer markets and With investments in place, the flow was used to pay off debt product areas. Investments in focus is on profitable

  9. Slide 9: Focus on increased profitability

    Focus on increased profitability Profitability and • Continued strengthening of gross margins cost control • Pricing activities • Synergies from acquisitions • Footprint rationalization • Special focus on Profile Systems – Pricing – Shrink into shape – Structural measures 10

  10. Slide 10: Investments to increase efficiency, capacity and safety

    Investments to increase efficiency, capacity and safety Efficiency from • SEK 76 m (108) invested in Q2. investments • Investments R12 was SEK 229 m (359). • The strategic investment program, running since 2019, will be completed in 2024. Competitive • With current investments in automation and capa

  11. Slide 11: Acquisitions of high-quality companies

    Acquisitions of high-quality companies RECENT ACQUISTIONS Sales* SEK m 2024 Venti 120 TGA KlimaPartner 50 Airmaster 542 Vicon 260 972 2023 HAS-Vent 280 Firmac 40 Ventilace EU 42 Irish Ventilation & Filtration 100 Raab Lüftungstechnik 160 Benefits from 622 May/July acquisitions Venti, Denmark * Annua

  12. Slide 12: Market outlook

    Market outlook • The European ventilation market is estimated to have declined by 5% in volume during the first six months. • For Profile Systems, the Nordic market has stabilised. • Signs of recovery have been noted in the second quarter. Lindab expects gradually increasing business activity during

  13. Slide 13: Thank you! Questions?

    ©lLindab’ Thank you! Questions?

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