Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q1 2024 Earnings Presentation

16 slides from Lindab International Ab's earnings presentation, May 3, 2024

  1. Slide 1: Lindab Group Q1 report

    For a better climate TM Lindab Group Q1 report 3 May 2024 Ola Ringdahl President & CEO Lars Ynner CFO

  2. Slide 2: Q1 Summary

    Q1 Summary SALES SEK m GROWTH Target 10% SALES SPLIT 90/10 in 2027 3,147 Organic -10% Ventilation Systems Structural 7% 80/20 Profile Systems Currency 1% operating activities EBIT SEK m EBIT % EBIT % Target 10% CASH FLOW SEK m 225 7.1 208 Ventilation Systems 9.6% Profile Systems -0.5% 2

  3. Slide 3: Ventilation sales is growing as share of total revenue

    Ventilation sales is growing as share of total revenue Sales per year, SEK m Ventilation Systems SEK m Lindab Group SEK m Sales, SEK m SEK m Profile Systems Organic Structural Sales, SEK m Q1, 2024 growth growth Q1, 2023 Lindab Group 3,147 -10% 7% 3,224 Ventilation Systems 2,507 -6% 9% 2,418 Profile

  4. Slide 4: Ventilation Systems reporting solid profitability

    Ventilation Systems reporting solid profitability Adj. EBIT per quarter and 12 months Ventilation Systems SEK m Lindab Group % SEK m % Adj. EBIT, SEK m Adj. EBIT R12 months, % SEK m Profile Systems % Adj. EBIT, SEK m Q1, 2024 Q1, 2023 Lindab Group 225 7.1% 264 8.2% Ventilation Systems 241 9.6% 247 1

  5. Slide 5: Continued strong cash flow from operating activities

    Continued strong cash flow from operating activities Strong financial position supports additional acquisitions Cash flow from operating activities • Cash flow from operating activities amounted to SEK 208 m -41% 208 SEK m (355) in Q1. • The main reason for the changed cash flow was related to worki

  6. Slide 6: Net debt

    Net debt • Net debt amounted to SEK 4,447 m (3,456), 2.0 Net debt / EBITDA Financial Net debt / EBITDA 1.4 of which SEK 1,501 m (1,283) is related to leasing liabilities. (Financial) Net debt • Net debt/EBITDA amounted to 2.0 (1.8). /EBITDA MSEK • Financial Net debt/EBITDA amounted to 2.5 5,000 1.4

  7. Slide 7: Building a stronger Lindab

    Building a stronger Lindab 7

  8. Slide 8: Accelerating profitable growth

    Accelerating profitable growth 2009-2017 2018-2023 2024-2027 Debt reduction Investing in the Accelerating business profitable growth Generated profits and cash Focus on fewer markets and With investments in place, the flow was used to pay off debt product areas. Investments in focus is on profitable

  9. Slide 9: Short term focus areas

    Short term focus areas Profitability and Competitive Efficiency from Sustainability Benefits from cost control products investments improvements acquisitions Implement actions to Increased focus on Ensure that the Increase the pace Improve support to reduce sensitivity to R&D and product implemented

  10. Slide 10: Focus on increased profitability

    Focus on increased profitability Profitability and • Price increases cost control • Synergies from acquisitions • Footprint rationalization • Special focus on Profile Systems – Pricing – Shrink into shape – Structural measures 10

  11. Slide 11: Product technologies

    Product technologies AIR DISTRIBUTION AIR DIFFUSION FIRE & SMOKE Duct systems to transport the Distribution and extraction of the Ventilation products to prevent the air to all parts of the building. air in a room through air diffusers spread of fire and smoke. in the ceiling and walls. #1 #1-3 #1-3

  12. Slide 12: Investments to increase efficiency, capacity and safety

    Investments to increase efficiency, capacity and safety Efficiency from • SEK 64 m (97) invested in Q1. investments • The strategic investment program, running since 2019, will be completed in 2024. • With current investments in automation and capacity, the Competitive production volumes can increas

  13. Slide 13: Increased demand for solutions to reduce energy consumption

    Increased demand for solutions to reduce energy consumption • Joint project with property owner Castellum to install fossil-free ventilation ducts and fittings in a renovation project in Sweden. First renovation project ever to include fossil-free ventilation. • Signed 7-year contract with H2 Green

  14. Slide 14: Acquisitions of high-quality companies

    Acquisitions of high-quality companies Sales* RECENT ACQUISTIONS SEK m 2024 TGA KlimaPartner 50 Airmaster 542 Vicon 260 2023 HAS-Vent 280 Firmac 40 Ventilace EU 42 Irish Ventilation & Filtration 100 Raab Lüftungstechnik 160 January/February January/March March/April Vicon, US Airmaster, Denmark TGA

  15. Slide 15: Market outlook

    Market outlook Market outlook • The European ventilation market is estimated to have declined by 5% in volume during the first quarter. For Profile Systems, the market is estimated to have declined by 20-25% in the Nordics. • We expect the market demand to remain weak during the first half of 2024.

  16. Slide 16: Thank you! Questions?

    ©Lindab’ Thank you! Questions?

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