Ratos Ab Class A · OMXSTO:RATO_A
Ratos Ab Class A — FY2004 Earnings Presentation
10 slides from Ratos Ab Class A's earnings presentation, Feb 23, 2005
Slide 1: Listed Private Equity
Listed Private Equity CEO Arne Karlsson www.ratos.se Telephone conference 23 February 2005
Slide 2: 2004 – strong development
2004 – strong development Strong earnings trend in portfolio companies High earnings level in Ratos Successful deals Positive value development Positive total return Good prospects for 2005 Proposed dividend SEK 8.50 (7.25) per share
Slide 3: Strong earnings trend in portfolio companies (1)
Strong earnings trend in portfolio companies (1) Classic cyclical economic upturn Globally one of the best years for a long time Continued effects from action programmes Strong cash flows
Slide 4: Strong earnings trend in portfolio companies (2)
Strong earnings trend in portfolio companies (2) (%) 100% Ratos share Sales +4 +4 EBITA +32 +24 EBT +83 +75
Slide 5: Higher earnings level in Ratos
Higher earnings level in Ratos Pre-tax profit SEKm 1999 1,761 2000 1,977 2001 1,926 2002 634 2003 812 2004 1,989 Average 1,516 (1,349 after tax)
Slide 6: Successful deals - acquisitions
Successful deals - acquisitions BTJ InfoData Arcorus Gadelius Haendig Elitfönster (GS-Hydro, Hägglunds Drives) Add-on acquisitions
Slide 7: Successful deals - exits
Successful deals - exits Dahl Q-Labs (Choice) IK Dynal
Slide 8: Positive value development (6 years)
Positive value development (6 years) NAV development +12% (+12) Core business +18% (+17) Exit portfolio +28% (+27) 2004: targets reached at aggregated level
Slide 9: Positive total return
Positive total return (%) 1999-2004 2004 2005 Ratos +263 +35 +10 SIX RI +34 +21 +4
Slide 10: Good prospects for 2005
Good prospects for 2005 Macro: levelling out at high level Continued effects from action programmes Transaction markets: high-pressure Conditions for improved earnings