Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q1 2022/23 Earnings Presentation
17 slides from Lagercrantz Group Ab Class B's earnings presentation, Jul 19, 2022
Slide 1: Interim Report Q1 2022/23
Interim Report Q1 2022/23 April 2022 – June 2022 (3 months) July 19, 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 9 companies 16 companies 13 companies 9 countries 7 countries 8 countries 9 countries 7 countries ◼ B2B Tech Group offering
Slide 3: Revenues and profits
Q1 report 2022/23 Revenues and profits Rolling 12 months, quarterly data Net sales Nettoomsättning Profits after Resultat efterfinancial items finansnetto 9 000 900 8 000 800 Profits after financial items, MSEK 7 000 700 Net sales, MSEK 6 000 600 5 000 500 4 000 Organic growth 400 & Acquisitions 3 0
Slide 4: Q1 - Business conditions
Q1 report 2022/23 Q1 - Business conditions ◼ Strong revenue growth of 23% in Q1, of which 9% organic growth, 11% via acquisitions and 2% of currency. ◼ Good broad-based demand continued for the main markets in the Nordics and northern Europe. ◼ Proactive management with price adjustments has balance
Slide 5: Q1 2022/23 April – June 2022
Q1 report 2022/23 Q1 2022/23 April – June 2022 ◼ Net revenues increased by 23% to MSEK 1 597 (1 301). ◼ Organic growth 9%. ◼ EBITA up 25% to MSEK 265 (212). ◼ EBITA-margin at 16.6% (16.3). ◼ Profits after financial items increased by 29% to MSEK 232 (180). ◼ Cashflow from operations of MSEK 2 (141).
Slide 6: Outcome by division
QUARTERLY DATA NET SALES 2022/23 2021/22 2020/21 MSEK Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 396 404 345 340 377 320 304 283 302 Outcome by division Control 175 189 187 132 152 156 162 119 141 TecSec 330 251 241 197 217 136 159 133 133 Niche Products 432 453 371 299 331 313 271 212 238 International 2
Slide 7: Comments by division
Q1 report 2022/23 Comments by division Electrify Revenues +5%. EBITA at MSEK 65 (67) i.e. an EBITA-margin of 16.4% (17.8). A stable first quarter with 4% organic sales growth. The electrification of society is driving demand for several of the companies but lead-times in the investment approval proc
Slide 8: Comments by division (continued)
Q1 report 2022/23 Comments by division (continued) Niche Products Revenues +30%. EBITA +33% to MSEK 89 (67) i.e. an EBITA-margin of 20.6% (20.2). Strong Q1 with 12% organic sales growth. Improvements in demand and earnings across most businesses, particularly Wapro, which experienced good demand in
Slide 9: Lagercrantz towards One billion
Strategy 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 financial go
Slide 10: Vision and financial goals
Lagercrantz towards the 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 equit
Slide 11: Reorganized into 5 divisions
Lagercrantz towards the One billion Reorganized into 5 divisions Electrify Control TecSec Niche Products International 14 companies 11 companies 9 companies 16 companies 13 companies 9 countries 7 countries 8 countries 9 countries 7 countries Products for Measure and control Solutions for Niched pro
Slide 12: Aim of 75% proprietary products
Lagercrantz towards the 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 3 5 5 5 4 4 3 3 9 9 6 5 7 6 6 6 8 8 8 9 8 10 8 10 12 15 14 12 12 13 13 13 13 13 13 17 16 Proprietary products 20 26 25 22 29 V
Slide 13: Acquisitions
Lagercrantz towards the One billion Acquisitions 64 acquisitions since 2006, including: 2018 Tormek AB (Niche Products) Alf Bjurenwall AB (R-Con, TecSec) Gammadata (Radonova, Control) ◼ Focus on acquiring leading Schmitztechnik GmbH (International) companies in expansive niches. 2019 Dorotea Mekanis
Slide 14: PcP Corporation
PcP Corporation ◼ A leading designer and producer of innovative and high-quality bespoke safety solutions within gratings, treads, and handrails. ◼ Annual revenues of approx. MDKK 425 with good profitability, P/WC exceeding 60%. ◼ Strong market position in key end markets ◼ Infrastructure within ind
Slide 15: Stegborgs EL-evator
Stegborgs EL-evator ◼ Stegborgs is a leading hardware and control systems supplier for renovation of elevators. ◼ The products are sold to elevator installers in the Nordics, predominantely in Sweden. ◼ Market leader in the Stockholm area with potential to grow all across Sweden. ◼ Annual revenues e
Slide 16: Financial overview
Financial overview LTM Q1 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 Net Sales 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 5 482 5 778 EBITA 223 256 295 355 409 436 519 565 616 895 948 EBITA,% 9.6% 10.1 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% 15.1% 16.3% 16.4% % EBT 200
Slide 17: Lagercrantz Group
Lagercrantz Group www.lagercrantz.com