Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q4 2015 Earnings Presentation
23 slides from Lindab International Ab's earnings presentation, 2016
Slide 1: Lindab Group Q4 2015
lindab | we simplify construction Lindab Group Q4 2015 “We simplify construction” Anders Berg, President and CEO Kristian Ackeby, CFO 1
Slide 2: A good ending to a challenging year: Key Highlights Q4 2015
lindab | we simplify construction A good ending to a challenging year Key Highlights Q4 2015 • Sales increase 8% of which 3% organic. • EBIT improved to 6,3% (SEK 124 m) from 5,6% (SEK 102 m) prior year, excluding one-off items. • Products & Solutions reported the highest operating profit for the fo
Slide 3: 2015 – a year of transformation
lindab | we simplify construction 2015 – a year of transformation • Important acquisitions and divestments – MP3, Nather and IMP Klima – complement and enhance our offering within ventilation solutions. – Lindab Inc. (US) – divestment due to limited synergies with the core portfolio. • Building Syst
Slide 4: Nordic continues to be our most important market
lindab | we simplify construction Nordic continues to be our most important market ”Good sales performance in largest markets driving growth towards our Growth sales target of 5-8%.” 44% Anders Berg, CEO 5% 19% Growth Nordic -5% Growth 33% 18% CEE/CIS Western Europe 4% Growth 56% Other Markets 4 Not
Slide 5: Sales development by product areas
lindab | we simplify construction Sales development by product areas Segment/Product areas Trend Comments Products & Solutions Ventilation Products Ventilation Products continues to develop with a positive organic growth in line with previous quarter driven by successful development of circular fitt
Slide 6: Financials
lindab | we simplify construction Financials 6
Slide 7: A good ending to a challenging year
lindab | we simplify construction A good ending to a challenging year Lindab Group financial highlights Q4 2015 • Good sales growth in Nordic Region, SEK m Q4´15 Q4´14 Chg % Western Europe and Africa. Sales 1,980 1,836 8 Organic, % 3 • EBIT* margin improved 0,7pp. Structure, % 5 Currency, % 0 • Tax
Slide 8: Highest operating profit in a fourth quarter since 2008
lindab | we simplify construction Highest operating profit in a fourth quarter since 2008 Products & Solutions financial highlights Q4 2015 • Good growth in the Nordic region, SEK m Q4´15 Q4´14 Chg % Germany and UK, while CEE/CIS Sales 1,698 1,587 7 remains challenging. Organic, % 1 Structure, % 5 •
Slide 9: Sales and EBIT increased significantly
lindab | we simplify construction Sales and EBIT increased significantly Building Systems financial highlights Q4 2015 • Organic sales increased 17%, large SEK m Q4´15 Q4´14 Chg % shipments to Africa. Sales 282 249 13 Organic, % 17 • Order backlog at the end of the Structure, % 0 quarter was compara
Slide 10: Operating cash flow SEK 266 m in line with prior year
lindab | we simplify construction Operating cash flow SEK 266 m in line with prior year Lindab Group cash flow Q4 2015 • EBIT improved SEK 19 m. SEK m Q4´15 Q4´14 Cash flow from - operating activities* 146 106 • Stock reduction generated SEK 79 m. - change in working capital 145 171 - investing acti
Slide 11: The Board of Directors proposed dividend
lindab | we simplify construction The Board of Directors proposed dividend • Dividend policy: Lindab will distribute 30% of the company´s profit after tax, taking into account the company´s capital structure, acquisition needs and long term financing requirements. • Proposed dividend: SEK 1,25 per s
Slide 12: Market Update
lindab | we simplify construction Market Update 12
Slide 13: Building Solutions
lindab | we simplify construction Building Solutions Catena's concept plant in Varalöv • Energy efficient building of SEK 22 m, Sweden. • The building is a concept plant of 56,000 sqm e-trading logistics, Varalöv Sweden. • Innovative Heat System in combination with Lindab’s energy efficient panels a
Slide 14: Products & Solutions – Fan assortment
lindab | we simplify construction Products & Solutions – Fan assortment Selling Complete Ventilation Solutions is about being our customers’ expert partner • Information overload and too many choices don’t help us make the best decision. • We would often prefer someone we trust, helping us to find t
Slide 15: Building Systems
lindab | we simplify construction Building Systems Example of significant orders in the quarter • Supernap data center, SEK 48 m, Italy. • Deliveries will mainly be carried out during the first half of 2016. • State-of-the-art data center designed to the highest standards for safety, Supernap, Italy
Slide 16: A noticeable step towards more innovative, energy efficient ventilation solutions
lindab | we simplify construction A noticeable step towards more innovative, energy efficient ventilation solutions New technology to be introduced during 2016 • Lindab acquires all rights to the unique Flowpad technology - pioneering method of measuring airflow and air temperature without pressure
Slide 17: New smoke control systems launched in selected markets
lindab | we simplify construction New smoke control systems launched in selected markets Solutions for a safe indoor environment • Every component in our solutions is tested in the harshest of environments and is certified in accordance with the strictest standards. • Lindab’s Smoke Control System i
Slide 18: Strategy in action
lindab | we simplify construction Strategy in action Round revolution going into Circular Evolution, Lindab at Expo Interclima in Paris 18
Slide 19: Moving forward fast on Software Development
lindab | we simplify construction Moving forward fast on Software Development Simplify construction by providing leading support to customers • New lindQST – the leading advanced web tool that makes documentation search and room dimensioning easy. With lindQST all documentation is made available dir
Slide 20: Outlook
lindab | we simplify construction Outlook 20
Slide 21: Soft improvement of European construction market
lindab | we simplify construction Soft improvement of European construction market Market development • The recovery of the European Construction output & sentiment in EU Source: Eurostat & European Commission construction market remains soft. Sentiment is improving but output growth is lagging behi
Slide 22: A good ending to a challenging year
lindab | we simplify construction A good ending to a challenging year Key Highlights Q4 2015 • Sales increase 8% of which 3% organic. • EBIT improved to 6,3% (SEK 124 m) from 5,6% (SEK 102 m) prior year, excluding one-off items. • Products & Solutions reported the highest operating profit for the fo
Slide 23: Thank you
lindab | we simplify construction Thank you Annual General Meeting 3 May, 2016, 4.00 pm Location: Grevieparken, Båstad, Sweden 23