Slide 1: Lindab Group Q2 2020
Lindab Group Q2 2020 Ola Ringdahl, President & CEO Malin Samuelsson, CFO 17 July 2020
Slide 2: Agenda
Agenda • Summary and overview • Financials • Acquisitions & structural changes • Way forward • Summary and Q&A 2
Slide 3: Summary and overview
Summary and overview 3
Slide 4: Key highlights Q2
Key highlights Q2 • Sales growth in the Nordic region. -14% +0.7 pp Negative impact by covid-19 mainly in Italy, France, UK, Ireland and Poland. 2,218 10.0% SALES, OPERATING • Adjusted operating margin higher than Q2 SEK m MARGIN (adj) previous year, despite lower net sales. • Good financial perform
Slide 5: Mixed geographic impact of covid-19 during Q2
Mixed geographic impact of covid-19 during Q2 Growth 52% 8% • Strong quarter in the Nordics, especially for Profile Systems. Minor impact of covid-19. Nordic • Western Europe and CEE/CIS were impacted by closed construction Growth 18% -17% sites. Recovery in June. Growth 29% -31% CEE/CIS Western Eur
Slide 6: Financials
Financials 6
Slide 7: Lindab Group financial highlights
Lindab Group financial highlights SEK m % Improved EBIT margin. Sales mainly impacted by Q2 Net sales covid-19. and EBIT margin Q2 • Net sales decreased by 14% to SEK 2,218 m (2,569). Adj. EBIT% Organically sales declined by 12%, mainly due to effects of covid-19. • Adjusted EBIT margin improved to
Slide 8: Ventilation Systems Q2 financial highlights
Ventilation Systems Q2 financial highlights Strong operating margin despite covid-19 impact Q2 Net sales and EBIT margin1 SEK m % • Net sales decreased organically by 16% to Q2 Sales, SEK 1,297 m (1,560). Adj. EBIT% • Sales volume was impacted negatively in several markets due to covid-19, especiall
Slide 9: Profile Systems Q2 financial highlights
Profile Systems Q2 financial highlights Strong sales growth and improved EBIT margin Q2 Net sales and EBIT margin1 SEK m % • Net sales increased organically by 12% to SEK 685 m Q2 Sales, (625). Adj. EBIT% • Sales growth driven by the Nordics, mainly due to large deliveries of industrial projects in
Slide 10: Building Systems Q2 financial highlights
Building Systems Q2 financial highlights Good EBIT margin despite significantly lower sales Q2 Net sales and EBIT margin SEK m % • Net sales decreased organically by 37% to SEK 236 Q2 Sales, m (384). Adj. EBIT% • EBIT margin of 6.4% (7.0). Lower sales volumes were partly offset by reduced operating
Slide 11: Lindab Group Q2 cash flow
Lindab Group Q2 cash flow Strong free cash flow Cash flow, operating activities1, SEK m • Free cash flow adjusted for M&A amounted to SEK 229 m (97) in Q2. Quarter • The improvement in cash flow is driven by changes in R 12M working capital, which was partly offset by higher tax paid. • Cash flow fr
Slide 12: Acquisitions & structural changes
Acquisitions & structural changes 12
Slide 13: Thor Duct - market leader in fire & smoke ventilation control systems
Thor Duct - market leader in fire & smoke ventilation control systems • Lindab has acquired IP rights, customer contracts and supplier agreements • Based in Ireland and is licensing the production of its certified technology to a number of customers in the UK and Ireland, including Lindab. • Thor Du
Slide 14: Crenna - market leader in rectangular ventilation ducts in Sweden
Crenna- market leader in rectangular ventilation ducts in Sweden • Lindab has acquired Crenna Plåt AB (3 July). • With the acquisition, Lindab will have a complete range of ventilation ducts in Sweden. • Rectangular ventilation ducts make up about 40% of the Swedish market and are usually combined w
Slide 15: Closure of IMP Klima
Closure of IMP Klima • IMP Klima Group, consisting of LINDAB, klima sistemi, d.o.o. in Slovenia and its subsidiaries in Serbia, Montenegro and Bosnia-Herzegovina will be closed. • Production of air handling units in Slovenia will be discontinued by the end of 2020. • Lindab acquired IMP Klima in 201
Slide 16: Way forward
Way forward 16
Slide 17: Covid-19 impact
Covid-19 impact • Mainly impacted by closure of construction sites in France, Geographic revenue split (2019) Italy, UK, Ireland and Poland. Good market conditions in the Nordic region. • Decentralized organization facilitated fast decisions to adapt to new market conditions and lower cost base. • R
Slide 18: Focus areas for 2020
Focus areas for 2020 Decentralisation with Sustainable Customer satisfaction Investment in clear accountability profitability in line with through delivery efficiency, capacity financial targets excellence and digital support $ 18
Slide 19: Summary and Q&A
Summary and Q&A 19
Slide 20: Key highlights Q2
Key highlights Q2 • Sales growth in the Nordic region. -14% +0.7 pp Negative impact by covid-19 mainly in Italy, France, UK, Ireland and Poland. 2,218 10.0% SALES, OPERATING • Adjusted operating margin higher than Q2 SEK m MARGIN (adj) previous year, despite lower net sales. • Good financial perform
Slide 21: Thank you! Questions?
Thank you! Questions?