Cavotec Group Ab · OMXSTO:CCC
Cavotec Group Ab — Q1 2024 Earnings Presentation
15 slides from Cavotec Group Ab's earnings presentation, May 15, 2024
Slide 1: First quarter 2024
First quarter 2024 David Pagels, CEO Joakim Wahlquist, CFO
Slide 2: Cavotec in short
Cavotec in short - A leading cleantech company with close to 50 years of experience - Designs and delivers connection and electrification solutions - Enables the decarbonization of ports, mines and other industrial applications - Large installed base globally provides an untapped potential for our s
Slide 3: Strong position in a market driven by megatrends and regulations
Strong position in a market driven by megatrends and regulations Leading technology and Megatrends Regulations market position Leading technology and Market driven by the need to Increasing regulations from position in prioritized market reduce greenhouse gases and authorities to reduce segments noi
Slide 4: Recent business progress
Recent business progress - First contracts signed with Indian based customers for deliveries from our new Indian facility - Order signed for shore power with global shipping company worth about USD 5 million - Two-year service agreement signed with Port of Salalah for MoorMaster vacuum mooring units
Slide 5: Comprehensive change programs
Comprehensive change programs Ports & Maritime - Successful initial implementation Foundation for value creation - Increased profitability in the order backlog - Strong service development Our strategic priorities - Improved efficiency • Customers and go-to-market Industry • Operational excellence C
Slide 6: Continued financial progress in the quarter
Continued financial progress in the quarter Revenue growth 8.5% EBIT EUR 2.0 m (0.3) Net profit Cash flow EBIT margin EUR 0.5 m (-1.3) EUR 0.05 m (-2.9) 4.5% (0.7) Strengthened financial position Slide 6
Slide 7: Good revenue growth
Good revenue growth - Revenue +8.5%, EUR 42.9 m (39.5) - Currency impact -1.2% EUR m Revenue 60 - Driven mainly by strong demand for services and 50 increased deliveries of shore power solutions for 40 container vessels 30 20 10 - Slide 7
Slide 8: Normalisation of the order backlog
Normalisation of the order backlog - Order intake amounted to EUR 39.9 m, -4.8% - Order backlog was EUR 120.6 m, -2.4% from year- end 2023 EUR m Order backlog 180 - Focus on profitable growth has resulted in a 160 normalisation of the Ports & Maritime order backlog 140 120 100 - Continuous steady st
Slide 9: EBIT improvement
EBIT improvement - EBIT improved to EUR 2.0 m (-0.3) EUR m EBIT and EBIT margin - EBIT margin 4.5% (0.7%) 5 14% 12% 4 - This improvement is a result of our focus on 10% 3 8% increased profitability in the order backlog 2 6% 4% - Continue to enhance the efficiency in the Industry 1 2% segment and our
Slide 10: Positive net profit
Positive net profit - Profit for the quarter improved to EUR 0.5 million EUR m Net result and EPS (-1.3) 3 0,04% 2 - Earnings per share, basic and diluted, improved 1 0,02% to EUR 0.005 (-0.014) 0 0,00% -1 -2 -0,02% -3 -4 -0,04% -5 -0,06% -6 -7 -0,08% -8 -9 -0,10% Net result, EUR million EPS, EUR Sl
Slide 11: Good cash flow development and improved leverage ratio
Good cash flow development and improved leverage ratio - Operating cash flow improved to EUR 0.05 m EUR m Operating cash flow (-2.9) 6 - Increase due to improved operational efficiency 4 and financial management 2 - Steady leverage ratio improvement from 1.29x in 0 Q423 to 1.09x -2 - The strengthene
Slide 12: Ports & Maritime – strong growth and margin improvement
Ports & Maritime – strong growth and margin improvement Revenue - Revenue +12.8%, EUR 26.7 m (23.6) EUR m 40 35 - Mainly driven by good demand for services and 30 deliveries of shore power solutions for container 25 vessels 20 15 - EBITDA improved to EUR 2.8 m (1.1) 10 5 - EBITDA margin increased to
Slide 13: Industry – accelerating change programs
Industry – accelerating change programs Revenue - Revenue +2.3%, EUR 16.3 m (15.9) EUR m 20 18 - Mainly driven by the demand for services 16 14 - EBITDA EUR 0.6 million (0.9) 12 10 8 - EBITDA margin was to 3.9% (5.6%) 6 4 - Continue to work with accelerating the 2 0 implementation of the strategic c
Slide 14: Important customer wins and improved profitability
Important customer wins and improved profitability - We continue to see a high business activity with important customer wins - Continued improved profitability - Strong momentum in the organization - Clear strategic priorities and change programs in place to build a stronger Cavotec - A key player
Slide 15: Q&A
Q&A Second quarter report 25 July Slide 15