Munters Group Ab · OMXSTO:MTRS
Munters Group Ab — Investor Day (2024)
25 slides from Munters Group Ab's investor day presentation, 2024
Slide 1: Munters to position itself for the new growth wave
Munters to position itself for the new growth wave Klas Forsström, CEO & President Capital Markets Day 2024
Slide 2: In 2019, we embarked on a journey to strengthen our platform
In 2019, we embarked on a journey to strengthen our platform and refine our strategic vision for the future Growth Profitability Stability
Slide 3: 2023, the strongest year in Munters history
The results of our efforts came to light in 2023, the strongest year in Munters history, with remarkable growth and margin improvement in all business areas.
Slide 4: Munters today
Munters today World leader in energy- Successfully integrated Enhanced profitability efficient climate sustainability in every reaching an adj. EBITA solutions with sales of aspect of the business of MSEK 1,947 and over BSEK 14,292 in strategy improved the margin to more than 45 counties 13.6% 3 bus
Slide 5: For customer success and a healthier planet
Our Purpose… For customer success and a healthier planet 5
Slide 6: A global footprint with a decentralised organisation
Order Intake per region A global footprint with a decentralised organisation 17% 42% 41% Americas EMEA APAC Net sales per region Munters Group 14% Finance & Risk management 21% HR & 65% Sustainability Business Excellence & IT AirTech FoodTech DCT Americas EMEA APAC All figures as of Q1 2024
Slide 7: We assist our customers in securing critical operations
We assist our customers in securing critical operations, production quality and to become more sustainable State-of-the-art cooling Ultra dry air for battery Climate & hygiene control for Dehumidification for Indoor climate solutions for solutions for data centers production food production industry
Slide 8: Well-positioned to capitalize on strong megatrends
Well-positioned to capitalize on strong megatrends & be part off the solution for a more sustainable world Climate change & Urbanization and an Accelerating Globalization resource scarcity aging & growing digitization & use of challenges & market population AI dynamics Demand for Digitalization Secu
Slide 9: We aim to be a market leader in prioritized markets and segments
We aim to be a market leader in prioritized markets and in prioritized segments Unique Proven energy Large installed Leading position Global presence application efficient base & service knowledge products & offering solutions
Slide 10: Strengthen, develop and expand our core
Strengthen, develop and expand our core – dehumidification & evaporative cooling Components Service & End Market Components Rotors with Digital connectivity desiccant Units Systems drying wheel DCT AirTech Service Packaged air Chilled Water SyCool Celdek CRAH economizers Split FoodTech Service Glasd
Slide 11: Munters strategic journey
Munters strategic journey Growth Profitability Stability Began journey to Reorganization to Efficiency Enhanced pricing Increased focus on New financial strengthen decentralize the improvements models prioritized customer targets set platform entire value chain across the entire and market value cha
Slide 12: Munters strategic journey - Gearing up for the future
Munters strategic journey - Gearing up for the future Positioning for the new growth wave CO2 reduction Integrated operations For customer success and a healthier planer Fully digital Talent & Leadership
Slide 13: Strengthening our CO2 reduction ambitions
Strengthening our CO2 reduction ambitions CO2 reduction » Next step in future proofing the company – commitment to near-term emission reductions in line with SBTi » Majority of our carbon footprint comes from the utilization of our products and now we will set new targets for Scope 3 » Further devel
Slide 14: Ambition – a digital organisation & customer offering
Fully digital Ambition – a digital organisation & customer offering Digital Ambitions Clustered around: Differentiad business models in the business areas Customers AirTech DCT FoodTech Optimization ”Spearhead in fully digital” Organization Security Technology
Slide 15: Integrated operations - better decision-making and improved efficiency
Integrated operations - better decision-making Integrated operations and improved overall efficiency Integration of people & framework • Increase Efficiency Agile • Reduce Costs Digital tools & data sharing ways of working • Improve Safety Strong focus on Acquisitons and improving the integrations a
Slide 16: Good leadership – the foundation of engaged & high-performing teams
Talent & Good leadership – Leadership the foundation of engaged & high- performing teams … to own … to work at A great company… Our values Sustainable value creation Passion for results … to work with There is always a better way Team spirit
Slide 17: Targets & ambitions
Targets & ambitions
Slide 18: Service ambition updated to reflect strategic direction
Service ambition updated to reflect strategic direction Service & Software and Components 40% Previous service ambition has been revised and extended to reflect Munters strategic focus 30% and business model: Service: After market service, incl. 20% installations and Software (SaaS) Components 10% 0
Slide 19: Net sales target updated to reflect next growth wave
Net sales target updated to reflect next growth wave Net sales growth Old target: Updated target: 25% organic net sales average annual total target of 10% net sales growth of 15% New Financial target 14% >14% Old Financial target 10% 5% 2019 2020 2021 2022 2023 -5% How to reach it? Net sales Organic
Slide 20: Adjusted EBITA target unchanged
Adjusted EBITA target unchanged Adj. EBITA margin An adj. Ebita margin of 15% >14% Financial target >14% 10% 5% How to reach it? 0% Driving strategic initiatives to enhance margins Management of different business * Organic growth p.a. over a business cycle models Continuing to invest strategically
Slide 21: OWC/Net sales target unchanged
OWC/Net sales target unchanged OWC/net sales OWC/ net sales in the range of 20% 13-10% 15% 10% Financial target range 13-10% 5% 0% 2019 2020 2021 2022 2023 How to reach it? Continued focus on strong Average OWC (Operating Working Capital) last twelve months as % cash flow management of net sales for
Slide 22: Financial and Sustainability targets
Financial and Sustainability targets – aligning and setting a strategic goal agenda Mid-term financial targets Sustainability targets 2030 Average annual total Reduce CO2e Growth net sales growth >14% Scope 1 & 2: net zero, E Scope 3: aligned with over a business cycle Paris Agreement 1.5°C Adjusted
Slide 23: Shifting into the second gear…
Shifting into the second gear… Innovation Sustainability Growth Profit 2019-2023 2024 ->
Slide 24: Aligned for profitable growth
Aligned for profitable growth Delivering world-class Well positioned for Continuing on the energy-efficeint growth in markets succesful path for solutions improving driven by megatrends sustainable growth customer impact 24
Slide 25: Forward-looking statements
This presentation contains forward-looking statements that reflect Munters’ current expectations on future events and Munters’ financial and operational development. Although Munters believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, no a