Aq Group Ab · OMXSTO:AQ
Aq Group Ab — Q2 2022 Earnings Presentation
18 slides from Aq Group Ab's earnings presentation, 2022
Slide 1: AQ Group Investor presentation Q2 2022
AQ Group — Investor presentation.O2 2022
Slide 2: Second quarter, Apr-Jun 2022 in brief
Second quarter, Apr-Jun 2022 in brief led e Strong demand but low margin e Net sales increased by 26.4% to SEK 1,721 million (1,361) e Goal +15% Growth e Operating profit (EBIT) decreased by 9.3% to SEK 107 million (118) e Profit after financial items (EBT) decreased by 5.0% to SEK 108 million (114)
Slide 3: Six months, January-June 2022 in brief
Six months, January-June 2022 in brief led e Net sales increased by 26.5% to SEK 3,367 million (2,668) e Goal +15% Growth e Operating profit (EBIT) decreased by 8.1% to SEK 220 million (239) e Profit after financial iterms (EBT) decreased by 6.4% to SEK 225 million (240) e Profit margin before tax (
Slide 4: EPS Growth
EPS Growth 16% Average EPS Growth 2011-2021 2022 R12 shows decrease of 7% vs. full year 2021. Improvements in progress. 4
Slide 5: Net sales
Net sales Good turnover in the quarter despite several challenges. Component supply limits us especially in Electric Cabinet, System Products. Company in Shanghai shut down for 6 weeks due to covid. Reduced turnover with 10mSEK in quarter. Big customer in US/Canada has strike which affects volume in
Slide 6: Organic growth
Organic growth Organic growth target updated to 10%/ year. ”Real” organic growth in Q1 is approximately 11% and 10% is price increases. 6
Slide 7: Acquired Growth
Acquired Growth The integration of Acquired the Schaffner growth acquisition (July 21) target is going according lowered to 5%/ year. to plan. We need to focus on the big organic growth we have right now and improve profit. 7
Slide 8: EBT Margin
EBT Margin More price adjustments needed to compensate for cost increases in raw material, energy, transportation and labor. Focus for price adjusmtents for automotive customers in Q3. 3 companies with detailed improvement program to improve profitability. EBT Margin (%) goal is 8% The margin shall
Slide 9: Net cash from operating activities
Net cash from operating activities Organic growth makes NWC grow. Inventory grow also due to component shortages. Cash flow in June was +128mSEK. 9
Slide 10: Net Debt excl IFRS16
Net Debt excl IFRS16 Net debt (excl IFRS16) June 2022 SEK 498 Million. Capacity increase investments in combination with low NCFOA increase net debt. 10
Slide 11: Inventory & Inventory turnover
Inventory & Inventory turnover Inventory turnover target is 3,5 turns/year. Inventory increase in mainly raw material and semi-finnised goods. Due to; Growth Price increases Missing components. Action plans put in place at all companies. Aim is to get back to >3 turns/year by end of year. 11
Slide 12: On-time Delivery (OTD) Jan-June - Goal 98%
On-time Delivery(OTD) Jan- June - Goal 98% We are increasing capacity rapidly to handle increasing volumes. Still issues with material but somewhat better in Wiring Systems. Still a challenge in Electrical Cabinets and System Products.
Slide 13: Projects for future growth
Projects for future growth WE ARE RELIABLE
Slide 14: Renewables + Storage
Renewables + Storage Battery storage Invested 5mEuro in building in Pernik, Bulgaria. Will set up factory to produce battery energy storage products. The new factory will produce enclosure and do electrical integration. Orders for 12mEuro. Additional volume of 12mEuro expected by 2023. Supercapcitor
Slide 15: Urbanization, Railway & Bus
Urbanization, Railway & Bus Railway Strong growth in India, US and Europe. Declining volumes in China. Example project wins in brief; • Inductive components for battery electric locomotive in the US. • M7 project for Belgium extension won. • C30 ramping up again for Stockholm Bus Volumes for coach i
Slide 16: Commercial vehicles
Commercial vehicles Construction equipment New order for 9mEuro/year move from competitor in Russia to AQ WS in Lithuania. Fender production in Bulgaria. 5mEuro in 2022. Trucks Won 200+ parts for new electric truck. Implementing order of 20mEuro/year in Wiring Systems for truck CAB. Full volume 2023
Slide 17: Medical technology is stainless
Medical technology is stainless Med-tech 100% growth despite material shortage. Several large projects ongoing in Europe that are growing fast. Doubled space in Bulgaria. First order recieved in China for Med-tech. Double volume from US and Swedish Med-tech customers. We produce and deliver from Bul
Slide 18: Questions?
WE ARE RELIABLE Questions? aQ