Slide 1: Increased sales and strong cash flow – margins impacted by quality costs and mix
Increased sales and strong cash flow – margins impacted by quality costs and mix Getinge Q4 2023 Mattias Perjos, CEO Lars Sandström, CFO
Slide 2: Key takeaways Q4 2023
Key takeaways Q4 2023 • Net sales increased by 10.1% and order intake decreased by 2.4% organically • Margins negatively impacted by quality related costs, mix and higher costs for employees and input materials • Strengthened Free Cash Flow and solid financial position • Proposed dividend: 4.40 SEK/
Slide 3: Key activities and events
Key activities and events Q4 2023 Offering and customers Sustainability and Quality • Servo Air received sales approval from Chinese • Continued quality improvement efforts in authorities Cardiac Assist and Cardiopulmonary • Maquet Corin was launched – Getinge's first • Positive development within e
Slide 4: Solid net sales growth in all regions
Solid net sales growth in all regions Weak order intake in APAC mainly due to China Global Americas EMEA APAC -2.4% Organic Order Growth -0.2% +10.1% Organic Net Sales Growth Getinge │ Presentation │ Q4 Report 2023 February 1, 2024
Slide 5: Outlook 2024: net sales expected to increase by 2-5% organically
Outlook 2024 Net sales for 2024 expected to increase by 2-5% organically Getinge │ Presentation │ Q4 Report 2023 February 1, 2024
Slide 6: Weak order intake in Acute Care Therapies mainly linked to CA and CP
Weak order intake in Acute Care Therapies mainly linked to CA and CP* Order Intake Bridge Q4 2022 – Q4 2023 Organic change -2.4% +4.2% -4.9% -2.4% +4.1% 210 216 -94 8,351 MSEK 8,019 Q4 2022 Acute Care Therapies Life Science Surgical Workflows Q4 2023 *CA: Cardiac Assist, CP: Cardiopulmonary Getinge
Slide 7: Strong organic net sales growth and healthy contribution from acquisitions
Strong organic net sales growth and healthy contribution from acquisitions Net Sales Bridge Q4 2022 – Q4 2023 Organic change +7.6% +4.9% +15.6% +10.1% +16.5% 835 +127 Currency impact, MSEK 197 373 10.3 9.9 Acquisitions contributed 9,903 Organic growth, % with 421 MSEK in net MSEK sales 8,498 Q4 2022
Slide 8: Adj Gross Margin impacted by quality costs, mix effects and inflation
Adj Gross Margin impacted by quality costs, mix effects and inflation Adjusted Gross Profit Bridge Q4 2022 – Q4 2023 Adj GM, % Q4 2023 56.5 30.2 39.6 46.4 (Q4 2022) (58.4) (34.1) (40.6) (48.9) Gross Margin impact +10.7% 299 Product and Geo mix 129 16 Supply, Absorption & Cost inflation MSEK 4,596 4,
Slide 9: Adj EBITA margin mainly impacted by Gross Profit development
Adj EBITA margin mainly impacted by Gross Profit development Adjusted EBITA Bridge Q4 2022 – Q4 2023 15.5% 13.3% Margin development -2.5 pp Adj GP 0.1% +0.3 pp Adj OPEX 443 -0.2 pp FX +0.3 pp D&A -103 -273 -65 37 -38 -6 Currency impact, MSEK MSEK Impact from quality improvements 1,317 1,318 in Cardi
Slide 10: Stable Free Cash Flow and Working Capital days below 100
Stable Free Cash Flow and Working Capital days below 100 Capital efficiency a priority Healthy Free Cash Flow WC days below 100 ROIC below trend, but still well above prepandemic levels 200 1.1 150 1.0 0.7 0.3 100 11.0% 7.5% -0.7 0 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q2 2018 Q3 2018 Q4 2018 Q1 2
Slide 11: Solid financial position
Solid financial position Margin of safety when it comes to net debt and leverage Net debt impacted by finalized acquisitions in Q4 … … but leverage still signalling financial strength 14.0 3.4x 8.0 (5.3 BSEK excl. pension liabilities) 1.4x (1.0x excl. pension liabilities) Q1 2019 Q2 2019 Q3 2019 Q4
Slide 12: Summary
Summary Getinge │ Presentation │ Q4 Report 2023 February 1, 2024
Slide 13: Key takeaways
Key takeaways Summary Q4 2023 • Strong net sales growth • Outlook 2024: net sales growth of 2-5% • Margins negatively impacted by quality related costs, mix and higher costs for employees and input materials • Strengthened Free Cash Flow and solid financial position Getinge │ Presentation │ Q4 Repor
Slide 14: Q&A
Q&A Getinge │ Presentation │ Q4 Report 2023 February 1, 2024
Slide 15: Thank you
Thank you Getinge │ Presentation │ Q4 Report 2023 February 1, 2024
Slide 16: Forward looking information
Forward looking information This document contains forward-looking information based on the current expectations of the Getinge’s management. Although management deems that the expectations presented by such forward-looking information are reasonable, no guarantee can be given that these expectation
Slide 17: GETINGE
“= Se A GETINGE PASSION FOR LIFE