Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q2 2023 Earnings Presentation
21 slides from Fagerhult Group Ab's earnings presentation, Jul 20, 2023
Slide 1: We light up your world
We light up your world Q2 2023 presentation July 20, 2023 www.fagerhultgroup.com
Slide 2: Second quarter
Second quarter Sales development ─ Organic growth at 0,4% to 2,147 MSEK ─ Different activity levels in different geographic markets and applications Operating margin ─ Positive gross and operating margin development, pricing improvements continue ─ Increased operating margin to 9,4% (9,1%) Mega-tren
Slide 3: Q2 2023 in figures
Q2 2023 in figures 2 500 250 2 000 200 Order intake: 2 107 MSEK (2 183) -8,6% organic 1 500 150 Net sales: 2 147 MSEK (2 045) +0,4% organic 1 000 100 Operating profit: 202 MSEK (187) 500 50 Operating margin: 9,4% (9,1%) Earnings per share: 0,68 SEK (0,74) 0 0 Q2 2022 Q2 2023 Net Sales, MSEK Operatin
Slide 4: YTD 2023 in figures
YTD 2023 in figures 5 000 500 4 000 400 Order intake: 4 286 MSEK (4 388) -6,4% organic 3 000 300 Net sales: 4 371 MSEK (3 917) +7,0% organic 2 000 200 Operating profit: 446 MSEK (360) 1 000 100 Operating margin: 10,2% (9,2%) 0 0 Earnings per share: 1,57 SEK (1,42) YTD 2022 YTD 2023 Net Sales, MSEK O
Slide 5: A world enhanced by light
Our operating model Business Collection Premium Professional Infrastructure areas A world enhanced Smart Lighting by light Strategic People & Innovation Sustainability focus areas Culture Q2 2023 presentation 5
Slide 6: Buildings accounting for up to 30% of global energy consumption
30% 15% 90% ─ We need to retrofit between 3% to 3.5% of existing buildings per year if Buildings accounting 15% of a building's The latest lighting the net zero target is to be met for up to 30% of global energy consumption technology brings up to energy consumption related to lighting 90% energy sa
Slide 7: Innovation: AFL100
In no va tio AFL100 n ─ Major global launch – A complete new series of street lighting offering superior energy performance and outstanding optical control. ─ Smart ‘Wild-light’ solution based on Citygrid technology to minimize light pollution and preserve biodiversity. Q2 2023 presentation 7
Slide 8: Innovation: Customer support with AI
In no va tio Customer support with AI n ─ At Organic Response we have embedded an AI Chatbot in our OR Customer Support Portal. ─ The AI chatbot can answer 95% of the basic enquiries in more than 100 languages. Q2 2023 presentation 8
Slide 9: Financial summary Q2
Financial summary Q2 MSEK Q2 2023 Q2 2022 YTD 2023 YTD 2022 Net sales 2 147 2 045 5,0% 4 371 3 917 11,6% - Organic growth 8 0,4% 275 7,0% - FX-differences 121 214 - Business closures -26 -35 Operating profit 202 187 8,1% 446 360 23,9% Operating profit, % 9,4% 9,1% +0,3 p.p. 10,2% 9,2% +1,0 p.p. Net
Slide 10: Financial summary YTD
Financial summary YTD MSEK Q2 2023 Q2 2022 YTD 2023 YTD 2022 Net sales 2 147 2 045 5,0% 4 371 3 917 11,6% - Organic growth 8 0,4% 275 7,0% - FX-differences 121 214 - Business closures -26 -35 Operating profit 202 187 8,1% 446 360 23,9% Operating profit, % 9,4% 9,1% +0,3 p.p. 10,2% 9,2% +1,0 p.p. Net
Slide 11: Sales development
Sales development Net sales R12 Net sales R12, MSEK 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2019 2020 2021 2022 2023 Q2 2023 presentation 11
Slide 12: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Adjusted operating margin1,% Rolling 12 months 16,0% 14,0% 12,0% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2019 2020 2021 2022 2023 Q2 2023 presentation 1. Excludes t
Slide 13: Collection
Collection 1200 12% Financials Q2 1000 10% ─ Order intake 907 (968) MSEK, organic -12,3% ─ Net sales 947 (963) MSEK, organic -8,5% 800 8% ─ Operating margin 6,8% (8,9%) 600 6% Business update 400 4% ─ Global high-end market facing some difficult market conditions ─ Q2 order intake comparably better
Slide 14: Premium
Premium 900 18% Financials Q2 800 16% ─ Order intake 733 (731) MSEK, organic -3,5% 700 14% ─ Net sales 755 (709) MSEK, organic +2,0% 600 12% ─ Operating margin 13,0% (12,8%) 500 10% Business update 400 8% ─ Strong and fast growing momentum in renovation 300 6% market and energy efficiency upgrades 2
Slide 15: Professional
Professional 400 16% Financials Q2 350 14% ─ Order intake 240 (265) MSEK, organic -12,1% 300 12% ─ Net sales 266 (245) MSEK, organic 6,3% 250 10% ─ Operating margin 7,8% (3,0%) 200 8% Business update 150 6% ─ Overall improving trends in all three markets 100 4% ─ YTD order intake +4,4% organic 50 2%
Slide 16: Infrastructure
Infrastructure 400 24% Financials Q2 350 21% ─ Order intake 227 (220) MSEK, organic -5,9% 300 18% ─ Net sales 257 (207) MSEK, organic +14,1% 250 15% ─ Operating margin 16,5% (10,1%) 200 12% Business update 150 9% ─ Good growth in all three businesses 100 6% ─ Strong and improving operating margins 5
Slide 17: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 1200 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2018 2019 2020 2021 2022 2023 -200 Q2 2023 presentation 17
Slide 18: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,0 5500 5,5 5000 5,0 4500 4,5 4000 4,0 3500 3,5 3000 3,0 2500 2,5 2000 2,0 1500 1,5 1000 1,0 500 0,5 0 0,0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2021 2022 2023 Q2 2023 presentation *EBITDA adjusted
Slide 19: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share by quarter, SEK Rolling 12 months 5 4,5 4 3,5 3 2,5 2 1,5 1 0,5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 * Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -0,5 2018 2019 2020 2021 2022 2023 Q2 2023 presentation * Not including the positive impac
Slide 20: Conclusions and recap
Conclusions and recap ─ Continued resilient results during these uncertain times. ─ The Group’s financial performance remains robust, we have improving margins and a healthy order backlog. ─ Some markets demonstrate a high activity level and some remain with uncertainties, particularly in the higher
Slide 21: www.fagerhultgroup.com
www.fagerhultgroup.com