Nilfisk Holding A/s · OMXCOP:NLFSK
Nilfisk Holding A/s — Shareholder Meeting (March 2019)
21 slides from Nilfisk Holding A/s's shareholder meeting presentation, Mar 26, 2019
Slide 1: Annual General Meeting March 26, 2019
Annual General Meeting March 26, 2019
Slide 2: 2018 highlights
2018 highlights Transformation Divestments: Consolidation of Significant Strong EMEA and strategy Five business production progress on performance execution units divested footprint: autonomous Unsatisfactory during 2018 From 18 to 11 offerings development in production units the US 2 ANNUAL GENERAL
Slide 3: Simplifying the product portfolio
Simplifying the product portfolio Above 40% of Significantly 109 product product reducing platforms closed platforms will complexity in 2018 be terminated 3 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 4: Simplifying the business: significant divestments during 2018
Simplifying the business Significant divestments during 2018 Nilfisk Outdoor HydraMaster Manufacturing and sale of US carpet restoration business outdoor utility machines Nordic Chemicals & Utensils Rottest Local manufacturer of high pressure cleaners Turkey Nilfisk South Africa Mainly sales of uten
Slide 5: Simplifying the production footprint
Simplifying the production footprint Exit of seven production sites during 2018 Lemvig, Denmark • Outdoor divestment effective December 2018 Turkey • Rottest divestment Suzhou, China effective September • Chinese production 2018 consolidated into one site • Suzhou production closure September 2018 M
Slide 6: 2018 Annual results: Overall performance
2018 Annual results Overall performance 2.0% 42.0% 11.5% 16.7% organic growth gross margin operating Return on Capital performance Employed 6 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 7: 2018 Annual results: Revenue and organic growth
2018 Annual results Revenue and organic growth 1,059 1,082 1,054 980 2.0% 1,054 mEUR in total revenue 2015 2016 2017 2018 organic growth 2.8% organic growth in the branded professional business Total revenue 2015-2018 (mEUR) 7 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 8: Gross profit margin slightly decreasing
2018 Annual results Gross profit margin slightly decreasing 41.9% 42.2% 42.0% 40.8% 2015 2016 2017 2018 Gross profit margin 2015-2018 8 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 9: Improved operating performance
2018 Annual results Improved operating performance 11.9% 11.4% 11.5% 11.0% 11.1% 11.1% 10.0% 10.0% 2015 2016 2017 2018 2015 2016 2017 2018 EBITDA margin Operating performance* before special items 2015-2018 2015-2018 * EBITDA margin before special items, excluding impact from a phantom share program
Slide 10: Return on capital employed improved
2018 Annual results Return on capital employed improved 16.0% 16.7% 14.6% 12.9% 2015 2016 2017 2018 Return on capital employed 2015-2018 10 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 11: Nilfisk share price development
Nilfisk share price development October 2017 – December 2018 11 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 12: Result and dividend
2018 Annual results Result and dividend 10.0 mEUR 2.9 0% Results for the year Financial gearing Dividends Net interest-bearing debt EBITDA 12 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 13: Changing market dynamics
Changing market dynamics 13 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 14: Nilfisk Next – dual transformation
Nilfisk Next – dual transformation 1 2 Manage core Position Nilfisk to business to peak lead intelligent profitability cleaning Leverage our unique cleaning insights 14 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 15: Nilfisk Next has four drivers
Nilfisk Next has four drivers, each with a set of clearly defined actions to successfully execute on the transformation SIMPLIFY Reduce operational complexity and harmonize ways of working GROW Improve commercial capabilities DIGITIZE and develop new business Simplify through technology and create t
Slide 16: Leading intelligent cleaning
Leading intelligent cleaning 16 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 17: Increasing investments to build the future
Increasing investments to build the future 24-26 2019 investments: • Digitalization and autonomous (12 20 mEUR) 18 14-16 • IT investments (3 mEUR) • Marketing investments (3 mEUR) • Other transformational cost (2 mEUR) 12 Indicative 2020 investments: • Digitalization and autonomous (14-16 3 7-9 mEUR
Slide 18: Outlook 2019
Outlook 2019 Organic growth EBITDA margin Above 3.0% Above 14.4% Organic growth in the Nilfisk branded EBITDA margin before special items professional business (IFRS 16 impact of 2.4 percentage points expected) Approximately -10.0% Organic growth private label Approximately 0% Organic growth in cons
Slide 19: Meetings in the Board of Directors 2018 and Board self-assessment
Meetings in the Board of Directors 2018 and Board self-assessment Board of Directors Audit Committee Nomination Committee Remuneration Committee 8 meetings 6 meetings 5 meetings 5 meetings • Jutta af Rosenborg (Chair) • Lars Sandahl Sørensen • Jutta af Rosenborg (Chair) • Jens Maaløe (Chair) • Jens
Slide 20: Annual General Meeting March 26, 2019
20 ANNUAL GENERAL MEETING MARCH 26, 2019
Slide 21: Thank you
Thank you 21 ANNUAL GENERAL MEETING MARCH 26, 2019