Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q4 2012 Earnings Presentation

20 slides from Lindab International Ab's earnings presentation, February 2013

  1. Slide 1: Lindab Group presentation Q4 2012

    lindab | group presentation Lindab Group presentation Q4 2012 Carl-Gustav Nilsson, Acting CEO Per Nilsson, CFO

  2. Slide 2: New President and CEO

    lindab | group presentation New President and CEO  Anders Berg, 40, M. Sc. Industrial Engineering  Will take office on 18 March 2013  8 years within the steel manufacturer SSAB, most recently Vice President Operations, Asia-Pacific

  3. Slide 3: Lindab Group – Q4 2012 Highlights

    lindab | group presentation Lindab Group – Q4 2012 Highlights Margin improvement in spite of weak demand  Sales*: -12% versus Q4, 2011  EBIT**: Stable at SEK 105 m (SEK 107 m Q4 2011) – EBIT margin increased from 5.8% (Q4 2011) to 6.3% (Q4 2012) – Main reason is fixed cost savings well ahead of pl

  4. Slide 4: Lindab Group – Q4 2012 Highlights

    lindab | group presentation Lindab Group – Q4 2012 Highlights Demand declined in almost all markets  Winter weather more severe in December 2012 versus 2011 (estimated 2% impact on quarter)  Geographically: -15%* in Nordic and CEE/CIS and -4%* in Western Europe – Largest declines: SE, FI, BY, CZ –

  5. Slide 5: Profit & Loss Q4 2012 - Group

    lindab | group presentation Lindab Group Profit & Loss Q4 2012 - Group SEK m Q4 2012 Q4 2011 Sales growth -10% Sales 1,667 1,855 Structure 4% EBIT* 105 107 EBIT* % 6.3 5.8 Currency effect -2% Fin net -34 -43 Organic -12% Tax -4 -27 Net profit 2 -5 *) EBIT excluding one time costs of SEK -65 m in Q4

  6. Slide 6: Cost saving plan exceeded – new target SEK 300 m

    lindab | group presentation Cost saving plan exceeded  new target 300 m  January 2012: Target SEK 150 m gross savings; SEK 100 m net (after inflation and sales activities)  Target doubled to SEK 300 m (SEK 200 m net). Full impact from Q3 2013. – Target for 2012 exceeded  Additional activities ad

  7. Slide 7: Quarterly operating profit (EBIT) SEK m

    lindab | group presentation Lindab Group Quarterly operating profit (EBIT) SEK m Quarter Rolling 12 month 300 1200 212 190 200 172 800 145 135 135 110 97 107 105 100 75 400 25 34 0 0 -7 30 -50 -100 -400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2009 2010 2011 2012 Quarterly LTM  Seasonal impa

  8. Slide 8: Cash flow Q4 2012

    lindab | group presentation Lindab Group Cash flow Q4 2012 SEK m Q4 2012 Q4 2011 Cash flow from - operating activities 116 148 - change in working capital 160 162 - investing activities -41 -43 - financial net paid -43 -49 - tax paid -41 -9 Free cash flow 151 209  Net debt end of December SEK 2,070

  9. Slide 9: Cash flow Q4 – working capital development

    lindab | group presentation Lindab Group Cash flow Q4 – working capital development SEK m Q4 2012 Q4 2011 Stock 169 215 Operating receivables 275 245 Operating liabilities -284 -298 Total change in working capital -160 -162  Cash flow in Q4 from change in working capital in line with previous year

  10. Slide 10: Cash flow trend

    lindab | group presentation Lindab Group Cash flow trend Operating cash flow, SEK m Quarter Rolling 12 month 600 800 500 600 400 332 329 324 300 245 252 400 172 217 192 200 115 67 97 200 100 23 0 0 -100 -90 -200 -200 -187 -172 -300 -239 -400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2009 2010

  11. Slide 11: Business Areas

    lindab | group presentation Business Areas 11

  12. Slide 12: BA Ventilation Profit & Loss Q4 2012

    lindab | group presentation BA Ventilation Profit & Loss Q4 2012 SEK m Q4 2012 Q4 2011 Sales growth -7% Structure 5% Sales 876 938 EBIT* 43 45 Currency effect -3% EBIT* % 4.9 4.8 Organic -9% *) excluding one time costs of SEK -11 m in Q4 2012 and SEK -6 m in Q4 2011  Sales declined particularly in

  13. Slide 13: BA Building Components Profit & Loss Q4 2012

    lindab | group presentation BA Building Components Profit & Loss Q4 2012 SEK m Q4 2012 Q4 2011 Sales growth -14% Structure 4% Sales 533 622 EBIT 29 44 Currency effect -1% EBIT % 5.4 7.1 Organic -17% *) excluding one time costs of SEK -20 m in Q4 2012 and SEK -20 m in Q4 2011  Continued negative sal

  14. Slide 14: BA Building Systems Profit & Loss Q4 2012

    lindab | group presentation BA Building Systems Profit & Loss Q4 2012 SEK m Q4 2012 Q4 2011 Sales growth -13% Structure 0% Sales 258 295 EBIT 38 31 Currency effect -2% EBIT % 14.7 10.5 Organic -11% *) excluding one time costs of SEK -4 m in Q4 2012 and SEK -16 m in Q4 2011  Sales declined in both W

  15. Slide 15: Business highlights

    lindab | group presentation Business highlights 15

  16. Slide 16: Key news

    lindab | group presentation Key news  Russia – Yaroslavl expansion (+40%) completed – Decision to start up small scale Ventilation fittings production in 2013  USA – Decision to start up Rainline distribution  Products – Small building product launch ready for start of 2013 – Residential concept

  17. Slide 17: Steel spot prices – bottomed out in Q4

    lindab | group presentation Steel spot prices – bottomed out in Q4  Decline in spot steel prices bottomed out in Q4  Modest steel cost increases expected for Lindab in Q1 17

  18. Slide 18: Outlook

    lindab | group presentation Outlook 18

  19. Slide 19: Outlook – comment from the Chairman

    lindab | group presentation Outlook – comment from the Chairman In addition to our cost and efficiency programme, we will have a clear focus on improving profitability through increased volumes. We will achieve this through reinforcing our distribution and taking advantage of our strong brand, our m

  20. Slide 20: lindab | group presentation

    lindab | group presentation

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