Flugger Group A/s Class B · OMXCOP:FLUG_B

Flugger Group A/s Class B — Q2 2023/24 Earnings Presentation

14 slides from Flugger Group A/s Class B's earnings presentation, Nov 1, 2024

  1. Slide 1: Flügger Group Investor presentation Q2 23/24

    Flügger Group Investor presentation Q2 23/24 1

  2. Slide 2: Flügger at a glance

    Investor presentation Q2 2023/24 The figures in this presentation are continuing operations Flügger at a glance (i.e. excl. recent divestment) unless stated differently Key L12M figures Q2 2023/2024 Flügger’s business model Revenue mDKK EBIT mDKK Production Sales channels Customers Own stores 2.150

  3. Slide 3: Q2 23/24 highlights: 1% revenue growth despite challenged markets and currency

    Investor presentation Q2 2023/24 Q2 23/24 highlights 1% revenue growth despite challenged markets and currency. EBIT impacted by slightly declining raw material- and energy costs Revenue (mDKK) Gross margin (%) EBIT (mDKK) (% margin) +30% +1% +1.2pp 35 574 579 49.9 51.1 (11.9%) 27 (9.6%) Q2 22/23 Q2

  4. Slide 4: Q2 23/24 segments – Segment 1 & 2 realized positive organic growth and higher earnings

    Investor presentation Q2 2023/24 Q2 23/24 segments –Segment 1 & 2 realized positive organic growth and higher earnings. Recovering sales in continuing operations in Segment 3 Segment 1 Flügger (mDKK) Segment 2 DIY (mDKK) Segment 3 Eskaro (mDKK) Q2 23/24 YoY Q2 23/24 YoY Q2 23/24 YoY Revenue 449 -2%

  5. Slide 5: Revenue increased +2% H1 compared to last year driven by organic growth of 6%

    Investor presentation Q2 2023/24 Revenue increased +2% H1 compared to last year driven by organic growth of 6%, partly offset by negative currency effect of 4% Revenue development (mDKK) Revenue effects H1 (mDKK) Revenue Revenue, LTM Revenue Revenue, LTM -4% 0% 6% 1.200 700 2.400 650 2.100 1.180 600

  6. Slide 6: Improvement in EBIT YTD mainly driven by positive development in raw material and energy costs

    Investor presentation Q2 2023/24 Improvement in EBIT YTD mainly driven by positive development in raw material- and energy costs EBIT development (mDKK) EBIT effects H1 (mDKK) EBIT EBIT, LTM EBIT EBIT LTM 0 4 106 150 250 10 200 1 100 150 100 50 50 21 0 0 -50 80 -100 -50 -150 -200 -100 -250 Q2 Q2 Q2

  7. Slide 7: Q2 2023/24 business highlight – Divestment in segment 3 (Ukraine remains)

    Investor presentation Q2 2023/24 Q2 2023/24 business highlight – Divestment in segment 3 (Ukraine remains) Segment 3 now only comprises activities in Ukraine Divestment in Segment 3 Remaining Segment 3 ▪ Eskaro Group AB divested including all its Revenue (DKKm) markets, except Eskaro Ukraine What? ▪

  8. Slide 8: Q2 2023/24 business highlight – Launch of Dekso AÏR and wet room system

    Investor presentation Q2 2023/24 Q2 2023/24 business highlight – Launch of Dekso AÏR and wet room system Dekso AÏR: first paint with Asthma Allergy Nordic label Wet Room: first wet room paint system with Nordic Swan First certified wet First product ever with room system (MVK) ever Asthma Allergy No

  9. Slide 9: Going green strategy – selected CSR targets and status

    Investor presentation Q2 2023/24 Going green strategy – selected CSR targets and status Going Green sustainability focus areas and key selected targets Selected target ‘23/24 Current achievement Current 82% 100% environmental 80% ’22/23 82% ReColor Paint labelled paint by 2030 eco-labelled paint ’21

  10. Slide 10: Solid inventory reduction brings working capital and NIBD below LY

    Investor presentation Q2 2023/24 Solid inventory reduction brings working capital and NIBD below LY Net working capital (mDKK) Financial solidity (mDKK) WC Working Capital Working Capital / Ratio Ratio% NIBD NIBD1) NIBD / EBITDA NIBD/EBITDA 800 Q2’23-24 only continuing 20% 500 2,5 operations, wherea

  11. Slide 11: Improved earnings in continuing operations LTM drives price/earnings ratio

    Investor presentation Q2 2023/24 Improved earnings in continuing operations LTM drives price/earnings ratio Price/earnings development Share price development incl. reinvested dividends P/E, L12M Accumulated dividend Dividend/share proposed Stock price, ultimo Incl. discontinued operations Incl. dis

  12. Slide 12: Share price development

    Investor presentation Q2 2023/24 Share price development Flügger’s share price development Flügger’s relative share price development (indexed) Share price Share price (DKK) Volume (# of shares) Price indexed Flügger 800 280 Akzo Nobel PPG 240 Sherwin Williams 700 200 600 160 500 120 400 80 299 300

  13. Slide 13: 2023/24 Outlook & Financial guidance

    Investor presentation Q2 2023/24 2023/24 Outlook & Financial guidance 2023/24 Outlook and priorities Financial guidance 2023/24 – Continuing operations ▪ The outlook for the future is cautiously optimistic with expectations of continued normalizing cost levels Updated guidance 10 November 2023 2023/

  14. Slide 14: Thank you for listening

    Thank you for listening Please contact IR@flugger.com for any further questions or visit flugger.com/investor 14 14

Flügger Group — Q2 2023/24 Earnings Presentation on 6ix