Slide 1: Q4 report
Q4 report Webcast June 4th Roland Kasper, CEO Anders Ulff, CFO 1
Slide 2: Agenda
Agenda 01 Systemair in short 02 Fourth quarter quick summary 03 Q4 Financials 04 Strategy update 05 Fourth quarter order highlights & product news 06 Q&A 2
Slide 3: Systemair in brief
Systemair in brief 1974 52 Number of Operating from the core values of simplicity Established at HQ countries with and reliability, our business concept is to in Skinnskatteberg, own sales develop, manufacture and market energy- Sweden companies efficient, high-quality ventilation products. 1,100 18
Slide 4: Markets
Markets 15% 17% 12% We have a global and diversified customer base. This provides us with a 12% solid foundation for profitable growth 44% and high resilience. 17 % 44 % 12 % 12 % 15 % Nordic region Western Europe Eastern Europe North America Other markets (18) (46) & the CIS (12) (11) (13) 4 System
Slide 5: Product launches, Q4 Sales, Strategic update
Product launches We succesfully launched new Q4 Sales Geniox AHU versions side-by- side and updated integrated fully reversible heat pumps with our → Sales in the Q4 were in line next generation of Access with the previous year. We Control System see this as a sign of strength, given that we are sti
Slide 6: Net sales
Net sales 3129 3069 25,0 1.0 % 20,0 Organic 15,0 Growth 10,0 5,0 2662 0,0 Q4 18/19 Q4 19/20 Q4 20/21 Q4 21/22 Q4 22/23 Q4 23/24 -5,0 -10,0 -1.9 % Growth Q4 Q4 Q4 Organic quarterly growth 2021/2022 2022/2023 2023/2024 Organic growth R12 6 Systemair Q4 | 2024
Slide 7: Growth analyze Q4
Growth analyze Q4 Organic 1.0% -1.1% -1.8% -1.9% Organic growth in North America and in Middle East, Asia and Africa. Acquisitions Organic Acquisitions/ Currency Total Divestments Main impact from the divestment of the AC business last year. Currency Strengthened SEK against EUR, USD and CAD. 7 Syst
Slide 8: Geographic breakdown Q4
Geographic breakdown Q4 Nordic region 2023/24 Change in Of which All Nordic markets showed growth, while the Feb – Apr sales organic SE market reported reduced sales during the 3 mths quarter. Nordic region 529.3 -2.0% -1.4% Western Europe Strong comparables, LYQ org growth (15%). Western Europe 1,3
Slide 9: Adjusted Operating profit Q4
Adjusted Operating profit Q4 282 The gross margin amounted to 35.1 percent 230 (34.2). 209 209 The adjusted operating profit for the fourth quarter amounted to SEK 209 million (282). The operating margin amounted to 7.6 percent (23.5). In the previous year, capital gains of SEK 445 million from the
Slide 10: Adjusted Profit after tax Q4
Adjusted Profit after tax Q4 178 Net financial items for the fourth quarter 167 amounted to SEK –2.9 million (-32.7). 164 Currency effects on long term receivables, loans and bank balances amounted to a net of SEK +15.3 million (-8.7). 152 Interest expenses for the quarter amounted to SEK -22.9 mill
Slide 11: Cash flow analysis Q4
Cash flow analysis Q4 Q4 2023/24 Q4 2022/23 Cash flow from 217.5 363.9 operating activities Change in working capital -26.6 -193.3 Net investments, excl -114.9 -19.5 acqusitions Free cash flow 76.0 151.1 Net debt 1,070.2 1,523.2 Changes in working capital mainly due to increased trade receivables +2
Slide 12: Building a stronger Systemair
Building a stronger Systemair 12 Systemair Q4 | 2024
Slide 13: Drivers | Creating strong tailwind for our business
Drivers | Creating strong tailwind for our business Governments’ climate Indoor Air Quality focus Demand for modern health care actions → Increased health and productivity → Rising economic prosperity → Green Deal (EU) → Roadmap to improve and ensure → Expansion of modern → Fit for 55 (EU) good indo
Slide 14: Strategic priorities
Strategic priorities → Develop people and → Efficient → Strong position → Attractive offer → Sustainable and strong relationships operational set- benefiting from based on future-proof up with structural standardised business continuous growth platforms improvement 14 Systemair Q4 | 2024
Slide 15: Systemair products used at Old War Office
Systemair products used at Old War Office for its transformation into private homes and five-star hotel The Systemair company, Group SCS, provided ventilation and smoke ventilation systems across residential and hotel areas – including an underground car park ventilation system – at the Old War Offi
Slide 16: New delivery to atNorth ICE02
New delivery to atNorth ICE02 The partnership with atNorth started back in 2018 when atNorth opened its first data center in Iceland. Their business concept is sustainable data centers that run entirely on green renewable energy and use the surrounding cold air for cooling. Since 2019, Systemair has
Slide 17: Q&A
Q&A 17 Systemair Q4 | 2024