22 slides from Lagercrantz Group Ab Class B's earnings presentation, Apr 25, 2023
Slide 1: Interim Report Q2 2024/25
Interim Report Q2 2024/25 April – September 2024 (6 months) 25 October, 2024 Jörgen Wigh, CEO Peter Thysell, CFO
Slide 2: Tech Group with leading positions in expansive niches
Introduction to Lagercrantz Group Tech Group with leading positions in expansive niches Lagercrantz Group Electrify Control TecSec Niche Products International 16 companies 14 companies 13 companies 16 companies 16 companies 11 countries 8 countries 10 countries 8 countries 9 countries ◼ B2B Tech Gr
Slide 3: Revenues and profits
Interim Report Q2 2024/25 Revenues and profits Rolling 12 months, quarterly data 12 000 1 200 Towards 11 000 2 Billion! 1 100 Profits after financial items, MSEK 10 000 1 000 Towards Net sales, MSEK 9 000 900 1 Billion 8 000 800 7 000 700 Organic growth & more acquisitions 6 000 Decentralisation, 60
Slide 4: Q2 - Business conditions
Interim Report Q2 2024/25 Q2 - Business conditions ◼ The market situation was stable overall and for most of the businesses, but with some variations between the segments. ◼ Demand was strongest in the Electrify and Niche Products divisions and remained weaker in businesses focused on the constructi
Slide 5: Q2 2024/25 July - September 2024
Interim Report Q2 2024/25 Q2 2024/25 July - September 2024 ◼ Net revenues increased by 16% to MSEK 2,172 (1,871) ◼ Acquisitions 17%, organic growth 1%, currency -2% ◼ EBITA increased 16% to MSEK 387 (333) ◼ EBITA-margin at 17.8% (17.8) ◼ Profits after financial items increased by 14% to MSEK 293 (25
Slide 6: H1 2024/25 April - September 2024
Interim Report Q2 2024/25 H1 2024/25 April - September 2024 ◼ Net revenues increased by 13% to MSEK 4,425 (3,917) ◼ Acquisitions 15%, organic growth -1%, currency -1% ◼ EBITA increased 12% to MSEK 772 (690) ◼ EBITA-margin at 17.4% (17.6) ◼ Profits after financial items increased by 11% to MSEK 594 (
Slide 7: Outcome by division
NET SALES 2024/25 2023/24 2022/23 MSEK Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Electrify 533 561 449 450 421 480 463 433 385 Control Outcome by division 281 264 284 255 219 249 276 267 220 TecSec 511 538 517 540 480 528 516 475 428 Niche Products 472 495 511 435 390 420 451 431 364 International 375 395 398 374
Slide 8: Comments by division
Interim Report Q2 2024/25 Comments by division Electrify Revenues +26%, of which acquisitions +29% and organically -2%. EBITA +25% to MSEK 100 (80), i.e., an EBITA-margin of 18.8% (19.0). Electrify delivered a strong second quarter, where newly acquired Nordic Road Safety, a leading supplier of cert
Slide 9: Comments by division
Interim Report Q2 2024/25 Comments by division Control Revenues +28% to 281 MSEK (219), incl Nikodan and MH Modules, of which acquisitions +27% and organically +4%. EBITA +26% to MSEK 34 (27) i.e. an EBITA-margin of 12.1% (12.5). Control delivered a stable quarter, where in particular Nikodan, Preci
Slide 10: Comments by division
Interim Report Q2 2024/25 Comments by division Niche Products Revenues +21% to 472 MSEK (390), excl Nikodan and MH Modules, of which acquisitions +16% and organically +7%. EBITA +21% to MSEK 108 (89) i.e., an EBITA-margin of 22.9% (22.7). Niche Products delivered a strong second quarter with positiv
Slide 11: Vision and financial goals
Lagercrantz towards Two billion Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit (EBT) growth >15% At least 1/3 organically and the rest through 8-12 acquisitions per year. ❖ Return on equity (ROE
Slide 12: Continue building the 5 divisions
Lagercrantz towards Two billion Continue building the 5 divisions Electrify Control TecSec Niche Products International 16 companies 14 companies 13 companies 16 companies 16 companies 11 countries 8 countries 10 countries 8 countries 9 countries Niched companies Measure and Security and safety B2B
Slide 13: Acquisitions
Lagercrantz towards Two billion 80 acquisitions since 2006, including: Acquisitions 2020 2021 as Group (Niche Products) VP metall (Electrify) Oy Esari (Electrify) Hovicon International B.V. (Asept Group, Niche Products) ◼ Actively acquiring leading B2B Tech Vihab (PST, Niche Products) Proagria Miljø
Slide 14: Principal Doorsets
Principal Doorsets ◼ Principal Doorsets Ltd is a growing and innovative manufacturer of bespoke fire doors in UK. ◼ Sales are about GBP 9 millions with good profitability. Headquarter and manufacturing are located in Barnstaple, Southwest Devon (UK). ◼ Fire doors are a crucial part of the passive fi
Slide 15: CP Cases
CP Cases ◼ CP Cases designs and manufactures high- performance protective cases and racks used for mission critical equipment for commercial and military applications. The cases are typically equipped with various climate and hazard control functions. ◼ Annual revenues of approx. GBP 12 million with
Slide 16: Prido
Prido ◼ Prido AB is a leading producer of industrial doors and gates, particularly folding doors, with about a third of the market in Sweden and 5—10% in Norway. ◼ Annual revenues of around 270 MSEK and good profitability. ◼ Located in Tråvad, Västergötland with sales office in Askim, Norway. ◼ Opti
Slide 17: Nordic Road Safety
Nordic Road Safety ◼ NRS is a leading supplier of permanent road safety and noise barrier systems. ◼ Located in Timrå Sweden with 85% of sales in Sweden, the rest exported to other European countries. ◼ Revenues of approx. 350 MSEK and EBITA of 50 MSEK with P/WC* of 60% in 2023 (EV/EBITA at 6.5x) ◼
Slide 18: Mastsystem Int'l
Mastsystem Int’l ◼ Mastsystem Int’l Oy is a leading provider of high-performance telescopic masts. ◼ The masts are an integral part of leading air defence systems. ◼ The annual revenue is approx. MEUR 15 with EBITA of around MEUR 6. EV/EBITA of approx. 7x. ◼ The company is situated in Joensuu, Finla
Slide 19: Financial overview
Interim Report Q2 2024/25 Financial overview MSEK 24/25 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 RTM Q2 Net Sales 2,546 2,846 3,057 3,096 3,410 3,932 4,180 4,091 5,482 7,246 8,129 8,638 EBITA 256 295 355 409 436 519 565 616 895 1,205 1,431 1,513 EBITA,% 10.1% 10.4% 11.6% 13.
Slide 20: www.lagercrantz.com
www.lagercrantz.com N ~ ¢ © - uv pas co) io) © — U)
Slide 21: Board of Directors and Group Management
Appendix Board of Directors Group Mgmt Jörgen Wigh Jonas Ahlberg President & CEO Executive VP Head of M&A Fredrik Börjesson Anna Almlöf Chairman of the Board Peter Thysell CFO Malin Nordesjö Anna Marsell Division Mgmt Peter Baaske Andreas Heder Head of Electrify Head of Control Anders Claeson Jörgen
Slide 22: The share & owners
The share & owners • B share listed on Nasdaq Owners 2024-09-30 Shares Votes Stockholm, Large Cap Anders Börjesson & Tisenhult-gruppen 5.6% 29.0% • Ticker: LAGR B Fidelity Investments (FMR) 9.7% 6.9% SEB Investment Funds 8.5% 6.0% Swedbank Robur Funds 7.9% 5.6% Lannebo Asset Management 6.4% 4.6% Jör