Alimak Group Ab · OMXSTO:ALIG
Alimak Group Ab — Q1 2022 Earnings Presentation
18 slides from Alimak Group Ab's earnings presentation, Apr 27, 2022
Slide 1: Alimak Group Q1 2022
Alimak Group Q1 2022, 27 April 2022 Ole Kristian Jødahl, CEO Thomas Hendel, CFO
Slide 2: Business highlights Q1
Business update – Q1 FOR INTERNAL USE ONLY Business highlights Q1 - Continued margin improvements driven by revenue growth and improved gross margin despite increased macro uncertainty - Focus on activities and investments to deliver profitable growth - Sales - Product and Service development - Cont
Slide 3: Group quarterly summary Q1
Group quarterly summary Q1 ▪ Order intake -2% (-9% organically) Order intake & Revenue by Quarters Order intake & Revenue by R12M – Strong organic growth in MSEK MSEK Industrial 1 400 5 000 1 073 1 053 3 768 3 720 3 704 3 772 1 200 3 751 – Strong service order intake 1 000 915 872 912 4 000 growth 8
Slide 4: Facade Access Q1
Facade Access Q1 ▪ Order intake -8% (-18% organically) Order intake & Revenue by Quarters Order intake & Revenue by R12M – Slow market for new equipment MSEK for high-rise buildings but MSEK 1 200 increasing activity level in most 350 300 289 281 265 233 1 100 markets 250 219 1 013 1 009 1 003 1 023
Slide 5: Facade Access – improving sales and profitability
Facade Access – improving sales and profitability ▪ Activities to improve sales and profitability ongoing ▪ Expanding product range for low and mid-rise buildings - broadening our addressable market ▪ Launch of the CoxGomyl 1000-series as a modular self powered platform ▪ Reopened manufacturing oper
Slide 6: Construction Q1
Construction Q1 ▪ Order intake -14%, (-19% Order intake & Revenue by Quarters Order intake & Revenue by R12M organically) – Tough comparables year- MSEK MSEK 374 over-year 400 321 1 300 1 156 – Positive order intake 320 278 247 256 1 200 1 126 1 113 1 144 1 103 development for new 240 1 100 equipmen
Slide 7: Construction – expanded markets and offering
Construction – expanded markets and offering ▪ Investments in local sales resources in Norway and Denmark ▪ Global used equipment sales organisation being established ▪ Strengthened product management and R&D investment within Mast Climbing Work Platforms and Transport Platforms ▪ Continue to drive
Slide 8: Industrial Q1
Industrial Q1 ▪ Order intake +37% (+28% organically) Order intake & Revenue by Quarters Order intake & Revenue by R12M – Higher equipment and service MSEK MSEK order intake globally 400 1 300 338 1 091 – Positive development for our 300 246 247 259 247 1 100 999 939 Traction technology solutions 859
Slide 9: Industrial – global and regional segment focus
Industrial – global and regional segment focus ▪ Dedicated and focused salesforce – Focus on enhancing the global and regional segment focus – Increasing customer interaction ▪ Increased activity in energy related segments ▪ Continued progress for the solution for offshore support vessels for wind t
Slide 10: Wind Q1
Wind Q1 Order intake & Revenue by Quarters Order intake & Revenue by R12M ▪ Order intake -22% (-28% organically) MSEK – Effect of exiting tower internals, MSEK 250 1 200 volume impact Q1 -27 MSEK y-o-y 200 164 156 771 701 146 800 617 128 129 594 559 – China continues to be challenging 150 100 400 ▪
Slide 11: Wind – pursuing value creating opportunities
Wind – pursuing value creating opportunities ▪ Increased focus on renewable energy ▪ Product development to expand product and service range ▪ Price management to mitigate effects of raw material and freight cost increases ▪ Strategic review of the Wind division, initiated in Q1, is ongoing to explo
Slide 12: Financial summary Group March 2022 Q1
Financial summary Group March 2022 Q1 MSEK Q1 2022 Q1 2021 D% Order intake 1,053 1,073 -2 Organic order growth -9 Revenue 936 846 11 Organic revenue growth 3 EBITA 107 95 13 EBITA-% 11.5% 11.2% +0.3 pp Operating cash flow 36 112 -68 12
Slide 13: Earnings summary Q1
Earnings summary Q1 ▪ EBITA MSEK Q1 2022 Q1 2021 DMSEK – Profit improvement driven by revenue growth and EBITA 107 95 12 improved gross margin ▪ Financial net Amortisations -9 -9 0 – Interest net (+2) and EBIT 98 86 12 currency effects (-5) y-o-y ▪ Taxes Financial net -7 -3 -3 – Tax rate for the qua
Slide 14: Result for the period and EPS Q1
Result for the period and EPS Q1 ▪ Result for the period MSEK 70 (63) Result for the period and EPS MSEK SEK ▪ Earnings per share was SEK 1.30 100 1,70 1,80 (1.15) growth of 13% 1,45 1,37 1,60 80 1,30 1,40 1,15 1,20 60 1,00 0,80 40 0,60 0,40 20 0,20 63 78 74 92 70 0 0,00 Q1-21 Q2-21 Q3-21 Q4-21 Q1-2
Slide 15: Cash flow Q1
Cash flow Q1 ▪ Cash flow from operations MSEK 36 (112) Operating Cash flow, MSEK by Quarter – Good cash collection in the quarter with MSEK reduced overdue receivables, however 300 lower cash conversion due to the following areas: 250 244 – Timing of shipments leading to 200 increased goods in trans
Slide 16: Net debt Q1
Net debt Q1 ▪ Net debt – Stable since year-end Net debt, MSEK and Leverage by Quarter ▪ Leverage MSEK – Continued strong financial position 700 3 ▪ > 2 billion SEK in unutilised credit facilities 600 ▪ Capital allocation priorities remains: – Profitable growth – sales and 500 2 development 400 1,29
Slide 17: Summary – focus on profitable growth Q1
Summary – focus on profitable growth Q1 ▪ Continued margin improvements delivered in line with New Heights Programme ▪ The war in Ukraine and the continued lockdowns in China have brought further uncertainty into the markets globally ▪ Exit from Russia initiated ▪ Set for growth and further margin i
Slide 18: Q&A
Q&A