Dometic Group Ab · OMXSTO:DOM
Dometic Group Ab — Q4 2024 Earnings Presentation
15 slides from Dometic Group Ab's earnings presentation, Jan 29, 2025
Slide 1: 2024 Global Restructuring Program
Slide 2: Building a stronger Dometic in a challenging market environment
BUILDING A STRONGER DOMETIC IN A CHALLENGING MARKET ENVIRONMENT * Strategy launched 2019 Q3 2024 SUMMARY * Taken several major steps on our transformation journey * 2023-2024 financial performance impacted by the Strategic highlights current macroeconomic situation and market conditions * As communi
Slide 3: Major steps taken on our strategic journey
MAJOR STEPS TAKEN ON OUR STRATEGIC JOURNEY Significantly changed sales mix Growing Product innovation Index Successfully implementation of two restructuring programs Reduced the number of factories by 28% 3,200 fewer FTEs than three years ago, a reduction of -28%. Organic sales decline for the same
Slide 4: 2024 Global Restructuring Program
2024 GLOBAL RESTRUCTURING PROGRAM WILL SUPPORT MARGIN EXPANSION AND RELEASE RESOURCES FOR CONTINUED INVESTMENTS IN STRATEGIC GROWTH AREAS Portfolio changes ¢ Will explore divestment opportunities and/or will discontinue non-strategic businesses. * Includes low-margin businesses and/or areas where sy
Slide 5: Investing in strategic growth areas
INVESTING IN STRATEGIC GROWTH AREAS SEGMENT STRUCTURE REMAINS UNCHANGED SEGMENT BUSINESSES ; : ; : ; INCLUDED * The program will release resources to invest in and drive profitable aera growth and value creation in strategic growth areas including Marine, ‘Americas Mobile Power Solutions, Mobile Coo
Slide 6: Portfolio changes - divestments
PORTFOLIO CHANGES - DIVESTMENTS Will explore divestment opportunities and/or will discontinue non- strategic businesses. Includes low-margin businesses or areas where synergies are low or non-existing with the rest of the portfolio rope divest’ Businesses where divestments opportunities are being ex
Slide 7: Portfolio changes - discontinued businesses
PORTFOLIO CHANGES - DISCONTINUED BUSINESSES To be discontinued SEKO.8b Businesses to be discontinued include * Large compressor refrigerators for RVs, windows and hot & cooking product categories in segment Land Vehicles Americas * The generator product category in segment Global Ventures * Selected
Slide 8: Structural cost reductions
STRUCTURAL COST REDUCTIONS Company wide program initiated iF * Structural cost reductions plus rightsizing given current market situation a * Closure of two Manufacturing sites and five Distribution centers * Around 500 employees expected to be impacted * Allsegments impacted, but Land Vehicles Amer
Slide 9: Financial impact
FINANCIAL IMPACT Saving from structural cost reductions and business exits * Annual positive impact on EBITA estimated to SEK 750 m when fully implemented. * Implementation is expected to be completed within 24 months, with a gradual effect from the first quarter of 2025. Costs, reported as items af
Slide 10: Our strategy remains
OUR STRATEGY REMAINS PROFITABLE EXPANSION IN MOBILE LIVING Global talent pool and ommon values C development PRODUCT LEADERSHIP THROUGH INNOVATION BUILDING TOGETHER Strong leadership skills on all levels of organization SUSTAINABILITY N ip CONTINUOUS COST REDUCTIONS Employee engagement Common toolbo
Slide 11: We are committed to our targets
WE ARE COMMITTED TO OUR TARGETS TAKING ACTIONS TO TURNAROUND LAND VEHICLES AMERICAS * Strengthened organization and capabilities during 2024 * With the global restructuring program, we are accelerating our actions to turn this business around * Targeting tangible improvements in 2025 and profit in 2
Slide 12: Q&A
Slide 13: Q4 2024 Report Jan 29-2025
Slide 14: Disclaimer
DISCLAIMER s. NG " ge. i FORWARD-LOOKING A FUAL O SICOME CouLD BE * IN TO THE FACTORS EXPLI INTED UPON, THE ACTUAL: LLY AFFECTED BY OTHER FACTOR a IN ECONOMIC,’ IVE CONDITIONS, (B) SUCCESS OF BUSINES: REGULATORY ENVIRONMENT AND OTHER GO' iS IN EXCHANGE RATES AND (E}:BUSINESS RIS! ° EN PREPARED BY [
Slide 15: Dometic