Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q1 2020 Earnings Presentation
16 slides from Byggmax Group Ab's earnings presentation, Apr 21, 2020
Slide 1: Q1 Report 2020
Q1 Report 2020 April 21, 2020 ™ Mattias Ankarberg, CEO Helena Nathhorst, CFO
Slide 2: Q1 2020: Strong Start to the Year
Q1 2020: STRONG START TO THE YEAR 6000 Net sales, R12 — Health & safety top priority in covid-19 situation — Net sales increased 23% to 879m (715m) 8000 o Like-for-like sales increased +21% o Strong market growth incl. a “stay home” effect 4000 o Own initiatives add to growth QI G2 Q3 G4 QI Q2 Q3 A4
Slide 3: Key Events
KEY EVENTS - Covid-19 situation — precautions to operate in a responsible way and increase flexibility — Board of Directors withdrew dividend proposal of SEK 1.16 per share — Upgraded further 13 stores to Store 3.0 — 10 store openings for Q2/Q3 communicated (no openings in Q1) — Byggmax ranked as mo
Slide 4: Unusually Strong Market Growth
UNUSUALLY STRONG MARKET GROWTH House transactions, Sweden Thousands, rolling twelve months, detached houses 72 Strong market growth including “stay home” effect a — Strong market growth throughout the quarter, “ driven by favorable weather and likely the ee recovered Swedish housing market oe -— Add
Slide 5: Impact of Covid-19 Pandemic
IMPACT OF COVID-19 PANDEMIC Fortunate position - Byggmax stores located on free standing properties (not shopping centers), concept built on self service, much shopping done outdoors — Low supply exposure to Asia and Southern Europe Many precautions taken -— Ensure health & safety of our staff, e.g.
Slide 6: Focus 2020 - Q1 Update: Own Initiatives Add to Growth
FOCUS 2020 - Q1 UPDATE: OWN INITIATIVES ADD TO GROWTH Store upgrades — Exceed expectations in Q1 - Performance in Q1 exceed expectations of 3% growth per store - 13 more store upgraded to Store 3.0 E-commerce — Strong growth, online share 18% - Larger assortment, upgraded site, better delivery optio
Slide 7: Upgrading Our Store Portfolio
UPGRADING OUR STORE PORTFOLIO Byggmax store portfolio Store portfolio upgraded Q1 2020 151 161 161 429 «133 - 13 stores upgraded to Store 3.0, to 19 total 43 (27% of Byggmax portfolio) _ — 18stores with Garden department, no change vs end 2019 (11%) 27 — 13 small format stores, all in Sweden, 3 10 b
Slide 8: Strengthening Our E-commerce Position
STRENGTHENING OUR E-COMMERCE POSITION E-commerce continues to be a top priority Customers increasingly digital bs poi LN TRADGARD Giller endast i butik. $4 langt lagret réicker. E-com growth supported by — Larger assortment — Improved site - More delivery options COVIDIS-SAHARTAR Sas we on BYGGMAXAN
Slide 9: Skanska Byggvaror's Positive Trend Continued
SKANSKA BYGGVAROR’S POSITIVE TREND CONTINUED Positive financial trend continued in Q1 2020 — Sustained positive sales momentum — Continued profitability improvement Growth initiatives within core assortment, sales and marketing starting to give results Focus remains on building for growth, i.e., gro
Slide 10: Sales Development Q1
SALES DEVELOPMENT Q1 Byggmax Skanska Byggvaror Total Share of Byggmax Group sales 92.4% 7.6% 100% Q1 2020 Sales development 23.2% 1 9.4% 22.9% Q1 2020 vs. Q1 2019 LFL New stores LFL LFL Currency 20.7% 4.3% 20.7% 20.7% 1.3% In all, Q1 sales growth of +22.9% driven by three factors with largely equal
Slide 11: P&L Q1 2020
P&L Q1 2020 January-March 12 month Byggmax Group ‘April2019- Mk 2020 2019 March 2020 . . - - Net sales in Q1 increased by 22.9 percent YoY to SEK 879 M Net sales 879 715 54a Other operating income 3 1 it - Gross margin amounted to 32.7 (33.4) percent, decrease due to Total revenue B82) 716 5452 prod
Slide 12: Cash Flow
CASH FLOW Cashflow Q 800 600 Cashflow R12 Cash flow from operating activities amounted to SEK 220 M for the first quarter, movements driven by; - strong net sales development - high accounts payable - lower prepayments due to financial precautions
Slide 13: Market Outlook
MARKET OUTLOOK Future covid-19 implications not yet possible to assess - Inthe short term, customers will travel less and spend more time in their homes — Remains to be seen if this will boost home improvement demand also in coming quarters, and/or if so far manageable disruptions to operations will
Slide 14: Focus 2020 - Continue Profitable Growth
FOCUS 2020 — CONTINUE PROFITABLE GROWTH Store upgrades - Convert additional 15-20 Byggmax stores to 3.0 - Store 3.0 to ca 40% of portfolio by end 2020 (27% Q1 2020) - Add 3 Garden departments Focused E-commerce growth growth - Continue increase assortment and improve customer experience Store expans
Slide 15: Snr
Snr
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