Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q1 2020/21 Earnings Presentation
19 slides from Lagercrantz Group Ab Class B's earnings presentation, Jul 17, 2020
Slide 1: Interim Report Q1 2020/21
Interim Report Q1 2020/21 April 2020 – June 2020 (3 months) July 17, 2020 Jörgen Wigh, CEO Kristina Elfström Mackintosh, CFO
Slide 2: Introduction to Lagercrantz Group: Technology group with leading positions in niches
Introduction to Lagercrantz Group Techology group with leading positions in niches Lagercrantz Group Electronics Mechatronics Communications Niche Products 16 profit centres 12 profit centres 13 profit centres 12 profit centres 8 countries 8 countries 5 countries 6 countries ◼ Technology group in ex
Slide 3: Divisions
Introduction to Lagercrantz Group Divisions Electronics Mechatronics Communications Niche Products • IoT, M2M & RFID • Electrics, components and • Technical security • Niched proprietary product • LED connection systems • Control and access companies • Components, electronics • Cable harnesses and s
Slide 4: Business conditions
Q1-report 2020/21 Business conditions ◼ Market situation dominated by uncertainty primarily connected to the Covid-19 pandemic. ◼ Order intake was down approx. 5% in the quarter. ◼ Limited effects from the pandemic in the quarter, but increased volatility between different parts of the business. ◼ M
Slide 5: Q1 2020/21 April – June 2020
Q1-report 2020/21 Q1 2020/21 April – June 2020 ◼ Net revenues decreased by 4% to MSEK 977 (1 015). ◼ EBITA reached MSEK 124 (130). ◼ EBITA-margin at 12.7% (12.8). ◼ The public support packages, for covid-19 effects, improved profits by approx. MSEK 10. ◼ A provision of MSEK 5 for future cost-adjustm
Slide 6: Outcome per division
NET SALES 2020/21 2019/20 MSEK Q1 Q4 Q3 Q2 Q1 Electronics 224 278 279 281 279 Mechatronics 313 356 335 273 297 Outcome per division Communications 199 239 251 198 209 Niche Products 241 239 234 202 230 Parent Company/consolidation - - - - - items GROUP TOTAL 977 1 112 1 099 954 1 015 EBITA 2020/21 2
Slide 7: Comments by division
Q1-report 2020/21 Comments by division Electronics EBITA decreased to MSEK 16 (31), a margin of 7.1% (11.1). The shutdown of the economy and the market situation within certain sectors in Germany had a negative effect on both Schmitztechnik and Unitronic. As a consequence of the weaker profit, cost
Slide 8: Of importance ahead
Of importance ahead ◼ Adjust strategies, measures and actions to the situation in each company. ◼ Actions due to the Covid-19 pandemic. ◼ Focus on growth. ◼ Continued focus on value added. ◼ Acquisitions – of leading companies in expansive niches. 8
Slide 9: Vision and goals for Lagercrantz
Vision and goals for Lagercrantz Leading supplier of value- adding technologies with market-leading positions in several expansive niches. ◼ Annual growth of not less than 15% in profit after financial items. ◼ Return on equity of not less than 25%. 9
Slide 10: Focus on value-add
Focus on value-add ◼ Focus on adding Gross margin, % 37.4 37.9 value and gross 36.7 36.3 36.7 34.8 margins 31.6 32.1 ◼ Setting goals 30.5 ◼ Training 28.0 29.0 26.3 26.5 ◼ Customisation 24.5 25.3 ◼ Service 21.2 ◼ Support ◼ Phasing-out products with low margins ◼ Higher proportion of proprietary produ
Slide 11: Broadening of operations
Broadening of operations Percentage share of Group sales, Moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 3 5 6 6 6 5 5 5 4 4 9 9 8 8 6 7 10 8 10 10 12 15 14 12 12 13 13 13 13 13 13 Proprietary products 25 22 21 26 29 Value adding 34 41 distribution 44 54 50 47 Niche production
Slide 12: Acquisitions
Acquisitions 45 acquisitions since 2006, including : 2014. LIAB Load Indicator AB (Communications) Precimeter Control AB (Communications) ◼ Focus on acquiring leading 2015. Excidor AB (Communications) Svenska Industriborstar i Västerås AB (Niche Products) companies in expansive niches. Dooman Teknik
Slide 13: Financial overview
Financial overview 12/13 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Net Sales 2 265 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 EBITA 192 223 256 295 355 409 436 519 565 EBITA,% 8.5% 9.6% 10.1% 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% EBT 171 200 230 265 307 351 358 431 460 EBT growth 25% 17% 15
Slide 14: Thank you!
Thank you! www.lagercrantz.com
Slide 15: Board and Management
Appendix Board and Management Board of Directors Management Jörgen Wigh Kristina Mackintosh Magnus Söderlind Per Ikov Carina Nordlöf Anders Börjesson Anna Almlöf Lennart Sjölund President & CEO CFO Executive VP VP Bus Development Group Controller Chairman of the Board (DK) Ulf Södergren Anna Marsell
Slide 16: The share & owners
The share & owners • B share listed on Nasdaq Owners 2020-06-30 Shares Votes Stockholm, Mid Cap Anders Börjesson & Tisenhult-gruppen 5.7% 29.3% • Ticker: LAGR B SEB Funds 15.0% 10.5% Swedbank Robur Funds 11.5% 8.0% Didner & Gerge Funds 6.7% 4.7% Lannebo Funds 5.9% 4.1% Fidelity (FMR) 5.7% 3.9% Hande
Slide 17: Frictape
Frictape ◼ Finnish Frictape is a leading supplier of safety products for helidecks, primarily landing and perimeter nets and Circle and H Lights. ◼ Revenues of approx MEUR 7 of which 99% on exports. ◼ Frictape has its’ operations close to Helsinki with production in Tallinn, Estonia. ◼ Part of the d
Slide 18: G9
G9 ◼ Danish G9 designs and delivers products for park and urban environments including products such as automatic height-adjustable bollards and barriers and products for water and wetlands. ◼ G9 are located in Randers, Denmark and generate annual revenue of about MDKK 42 with good profitability. ◼
Slide 19: Dorotea Mekaniska AB
Dorotea Mekaniska AB ◼ Dorotea Mekaniska (DMAB) produces and sells amphibian vehicles and tools, for cutting reed and other water plants, by the name Truxor. ◼ Sales is done through 49 sales representatives worldwide. ◼ DMAB’s operations are in Dorotea, Sweden and it generates annual revenue of abou