Slide 1: Lindab Group presentation Q1 2012
lindab | group presentation Lindab Group presentation Q1 2012 David Brodetsky, CEO Per Nilsson, CFO
Slide 2: Q1 2012 Highlights – Strong improvement in EBIT
lindab | group presentation Lindab Group Q1 2012 Highlights – Strong improvement in EBIT Sales*: Good growth 6% Weather conditions helped (~ 2%) Nordic +10%; CEE/CIS +10%; West +2% EBIT** SEK 30 m (-7M Q1 2011); 2% margin (-0.5% Q1 2011) Cash Good cash flow from operations SEK -90m ( SEK -23
Slide 3: Profit & Loss Q1 2012 - Group
lindab | group presentation Lindab Group Profit & Loss Q1 2012 - Group SEK m Q1 2012 Q1 2011 Sales growth 7% Sales 1 479 1 377 Structure 1% EBIT* 30 -7 EBIT* % 2.0% -0.5% Currency effect 0% Fin net -39 -38 Organic 6% Tax 1 10 Net profit -46 -52 *) Q1 2012 EBIT excludes one time cost of SEK -38 m (SE
Slide 4: Quarterly operating profit (EBIT) SEK m
lindab | group presentation Lindab Group Quarterly operating profit (EBIT) SEK m Quarter Rolling 12 month 396 458 500 424 376 1500 400 330 1200 300 218 900 207 212 185 172 200 145 135 600 97 110 107 75 100 25 300 34 -7 -50 0 0 30 -100 -300 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 5: Cash flow Q1 2012
lindab | group presentation Lindab Group Cash flow Q1 2012 SEK m Jan – Mar Jan – Mar 2012 2011 Cash flow from - operating activities 35 32 - change in working capital -64 -213 - investing activities -95 -12 - financial net paid -34 -46 - tax paid -27 -12 Free cash flow -185 -251 Free cash flow adj.
Slide 6: Cash flow Q1 – working capital development
lindab | group presentation Lindab Group Cash flow Q1 – working capital development SEK m Jan – Mar Jan – Mar 2012 2011 Stock -78 -108 Operating receivables -26 -113 Operating liabilities 40 8 Total change in working capital -64 -213 Less capital tied up in working capital compared to last year is
Slide 7: Cash flow trend
lindab | group presentation Lindab Group Cash flow trend Quarter Operating cash flow, SEK m Rolling 12 month 700 1400 600 1200 500 1000 400 800 300 600 200 400 100 200 0 0 -100 -200 -200 -400 -300 -600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 2011 2012 LTM
Slide 8: Business Areas
lindab | group presentation Business Areas 8
Slide 9: BA Ventilation Profit & Loss Q1 2012
lindab | group presentation BA Ventilation Profit & Loss Q1 2012 SEK m Q1 2012 Q1 2011 Sales growth 7% Structure 1% Sales 909 846 EBIT* 66 49 Currency effect 0% EBIT* % 7.3 5.8 Organic 6% *) excluding one time cost of SEK -16 m in Q1 2012 and SEK -17 m in Q1 2011 Continued strong growth in the Nor
Slide 10: BA Building Components Profit & Loss Q1 2012
lindab | group presentation BA Building Components Profit & Loss Q1 2012 SEK m Q1 2012 Q1 2011 Sales growth 4% Sales 367 354 Structure 0% EBIT -12 -17 Currency effect 0% EBIT % -3.3 -4.8 Organic 4% Continued strong sales growth in the Nordic region, especially in the two largest markets Sweden and
Slide 11: BA Building Systems Profit & Loss Q1 2012
lindab | group presentation BA Building Systems Profit & Loss Q1 2012 SEK m Q1 2012 Q1 2011 Sales growth 15% Sales 203 177 Structure 0% EBIT -10 -24 Currency effect 1% EBIT % -4.9 -13.6 Organic 14% *) excluding one time cost of SEK -19 m in Q1 2012 Good growth in both CEE/CIS and Western Europe, d
Slide 12: Business highlights by BA
lindab | group presentation Business highlights by BA 12
Slide 13: Ventilation
lindab | group presentation Ventilation Distribution: – New Flexi-shop, self-service branch, in Frankfurt, Germany (total 5) Market activities – Presence at 8 different trade shows – Launch of InCapsa at the Nordbygg Trade Show in Sweden. – Launch of several innovative Comfort products: Premum/P
Slide 14: Building Components
lindab | group presentation Building Components Acquisition: Plannja’s sandwich panel production and project sales – Strong potential in Nordic industrial segment Distribution in Western Europe: – Regional Sales Manager Stuttgart – Builder’s Merchants deal with Lindab’s first own produced Bavari
Slide 15: Building Systems
lindab | group presentation Building Systems Downsizing of Czech production unit in Prerov – Part of cost programme – Around 90 employees affected – Diekirch, Luxembourg and Yaroslavl, Russia = main production plants – Some high labour content production, engineering, sales and customer support re
Slide 16: Trends and outlook
lindab | group presentation Trends and outlook 16
Slide 17: Steel spot prices – increasing
lindab | group presentation Steel spot prices – increasing Lindab steel costs will increase from Q2 2012 Lindab sales prices will be increased to compensate 17
Slide 18: Outlook - CEO comment
lindab | group presentation Outlook - CEO comment “The market outlook remains uncertain and it is difficult to draw conclusions from a low season period. Nevertheless, our 2012 performance will benefit from sales initiatives and the cost saving programme, which will be substantially implemented by t
Slide 19: Other information
lindab | group presentation Other information Capital Markets Day 2012 – August 23, 2012, Grevie, Båstad – Contact Helena Stacey: helena.stacey@lindab.com Launch of Lindab’s Youtube channel: http://www.youtube.com/user/LindabGroup 19
Slide 20: lindab | group presentation
lindab | group presentation r @ 1 @ Lindab | Wa simpility construction