Rockwool A/s Class A · OMXCOP:ROCK_A

Rockwool A/s Class A — ROCKWOOL International — Q3 2020 Earnings Presentation

16 slides from Rockwool A/s Class A's earnings presentation, November 2020

  1. Slide 1: Q3 2020 Financial Results

    Q3 2020 Financial Results 1

  2. Slide 2: Forward-looking statement

    Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the Group, e.g. the global economic environment, including interest and exchang

  3. Slide 3: Q3 YTD highlights

    Q3 YTD highlights Sales Sales decrease in local currencies EUR 1,902 million 5.6% down 6.8% in reported figures incl. +0.6% from Parafon and Bestofire EBIT EBIT margin EUR 238 million 12.5% down 14.5% over last year down 1.1 percentage points, down 0.6 pp excl. legal settlement in Q2 2019 Free cash

  4. Slide 4: Q3 highlights

    Q3 highlights Sales Sales decrease in local currencies EUR 670 million 2.3% down 5.1% in reported figures incl. +0.6% from acquisitions; though Q3 up 17% from Q2 EBIT EBIT margin EUR 100 million 14.9% on par with last year up 0.8 percentage points Free cash flow Net profit EUR 89 million EUR 77 mill

  5. Slide 5: Q3 YTD sales down 5.6 percent

    Q3 YTD sales down 5.6 percent NET SALES EURm Sales declined 5.6 percent in local currencies -5.6% including a +0.6 percent impact from the Parafon and Bestofire acquisitions and reached EUR 1,902 million. -6.8% Sales decreased 6.8 percent in reported figures with a Reported figures negative currency

  6. Slide 6: Q3 sales down 2.3 percent

    Q3 sales down 2.3 percent NET SALES EURm Sales reached EUR 670 million – up 17 percent -2.3% relative to Q2, with a year-on-year decline of 2.3 percent in local currencies including a +0.6 -5.1% percent impact from the Parafon and Bestofire acquisitions. Reported figures Sales decreased 5.1 percent

  7. Slide 7: Q3 regional sales development

    Q3 regional sales development Geographic Growth in local currencies Key developments share of sales* Western Europe  Positive impact of +1.0 percent from the Parafon acquisition.  Many countries recovered – growth in the Nordic region. -1.4% incl. Parafon  Challenging market conditions in Germany

  8. Slide 8: Q3 strong profitability

    Q3 strong profitability EBITDA & EBIT EURm +2.6% EBITDA reached EUR 145 million, up 2.6 percent. +0.1% 144 142 142 145  EBITDA margin of 21.7 percent compared to 20.1 138 125 125 percent in Q3 2019. 120 102 100 104 100 97 94 83 EBITDA 77 80 EBIT 58 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3

  9. Slide 9: Q3 profitability – both segments rebounded

    Q3 profitability – both segments rebounded EBIT -1.4% EURm Insulation EBIT at EUR 76 million in Q3 2020, almost 77 76 at level with last year.  EBIT margin was 13.2 percent, up 0.8 percentage Q3 2019 points compared to Q3 2019. +5.0% Q3 2020 23 24 Insulation Systems Systems EBIT increased 5.0 perce

  10. Slide 10: Q3 investment activities

    Q3 investment activities Investments excluding acquisitions totalled EUR 67 million in Q3 2020 (Q3 2019: EUR 120 million).  Capacity investments mainly relate to the factory project in the United States (West Virginia) and the expansion in Germany.  COVID-19 both a cost and schedule challenge.  S

  11. Slide 11: Q3 free cash flow up

    Q3 free cash flow up Q3 free cash flow ended at EUR 89 million, up EUR 16 million compared to Q3 2019, with a positive impact from net working capital and lower investments. FREE CASH FLOW EURm Net working capital was 9.5 percent (2019: 9.4 percent) of net sales, and ended at EUR 249 million, Q3: EU

  12. Slide 12: Outlook 2020

    Outlook 2020 12

  13. Slide 13: Outlook full year 2020

    Outlook full year 2020 Mid-single digit sales decline in local 1. Sales currencies, unchanged from previous outlook EBIT margin between 12 and 13 percent, 2. EBIT changed from previously around 12 percent. Investment level below EUR 400 million 3. Investment excluding acquisitions, changed from prev

  14. Slide 14: Key figures for the Group

    Key figures for the Group YTD YTD EURm Q3 2020 Q3 2019 YoY (%) Q3 2020 Q3 2019 YoY (%) FY 2019 Income statement Net Sales 670 706 -5.1% 1,902 2,042 -6.8% 2,757 EBITDA 145 142 2.6% 374 406 -7.8% 548 EBIT 100 100 0.1% 238 278 -14.5% 372 Profit before tax 98 98 -0.5% 231 270 -14.7% 367 Profit for the p

  15. Slide 15: Questions?

    Questions? 15

  16. Slide 16: ROCKWOOL International A/S

    ROCKWOOL International A/S Hovedgaden 584 DK-2640 Hedehusene Denmark CVR No. 54879415 Tel: +45 46 56 03 00 www.rockwoolgroup.com 16

ROCKWOOL International — Q3 2020 Earnings Presentation on 6ix