Nkt A/s · OMXCOP:NKT

Nkt A/s — Investor Day (September 2015)

13 slides from Nkt A/s's investor day presentation, Sep 23, 2015

  1. Slide 1: NKT Capital Markets Day 2015

    NKT I Capital Markets Day 2015 23 September 2015 I 4

  2. Slide 2: Introduction

    NKT I Capital Markets Day 2015 23 September 2015 I 5 Introduction Michael Hedegaard Lyng Group Executive Director

  3. Slide 3: NKT share price increased 33% since 2014

    NKT I Capital Markets Day 2015 23 September 2015 I 6 NKT share price increased 33% since 2014 Share price and turnover Share price, DKK Turnover, DKKm 500 400 • Among the 30 most traded shares • One share class, 100% free float, no voting 400 300 restrictions 300 • Followed by 10 Danish analysts 200

  4. Slide 4: Continuing the modernisation of the NKT Holding model

    NKT I Capital Markets Day 2015 23 September 2015 I 7 Continuing the modernisation of the NKT Holding model Recent changes of the NKT Holding ownership model August 2013 2013-2014 Autumn 2015 First change Execution Second change • Governance model changed • Focus on driving active • Sharpened focus o

  5. Slide 5: Sharpened focus on active ownership

    NKT I Capital Markets Day 2015 23 September 2015 I 8 Sharpened focus on active ownership ​New structure of NKT Holding ​Sharpened focus in NKT Holding NKT Holding Active ownership Investor Indirect Legal Finance Treasury Relations Procurement New NKT Investor Legal & Function in NKT Holding Function

  6. Slide 6: Unique NKT Holding model ensures efficient decision making...

    NKT I Capital Markets Day 2015 23 September 2015 I 9 Unique NKT Holding model ensures efficient decision making... • Provides competences relating to international industrial management and business development • Supplies industry-specific knowledge • Committees consist of two Board • Active role in

  7. Slide 7: ... through hands-on involvement by the Board of Directors

    NKT I Capital Markets Day 2015 23 September 2015 I 10 ... through hands-on involvement by the Board of Directors ​NKT Holding Board committees NKT Holding Board of Directors Remune- Nilfisk NKT Cables Photonics Group Audit Nomination ration Committee Committee Committee Committee Committee Committee

  8. Slide 8: Clear value creation themes defined for each business unit

    NKT I Capital Markets Day 2015 23 September 2015 I 11 Clear value creation themes defined for each business unit GROWTH PROFITABILITY COMMERCIAL SCALE • Commercial Excellence • DRIVE cost programme • Execution on core • Front-end investments • Transformation business strategy • Consolidation via M&A

  9. Slide 9: ~55% increase in operational EBITDA since 2012

    NKT I Capital Markets Day 2015 23 September 2015 I 12 ~55% increase in operational EBITDA since 2012 Operational EBITDA, LTM • Negative organic growth of 2% for 2012 DKKm • EBITDA margin std. LTM 1,500 12% 2012 of 8,1% or 980 DKKm – an increase from 10% Operational7,9% EBITDA, increased (955 DKKm) t

  10. Slide 10: Solid capital structure allows focus on long-term value creation

    NKT I Capital Markets Day 2015 23 September 2015 I 13 Solid capital structure allows focus on long-term value creation Net interest-bearing debt Q2 2015 DKKm 5,000 1.0x 4.5x • Capital structure targets unchanged 4,500 DKK 1,438m - Debt ratio 2,5x operational EBITDA 4,000 3,500 3.5x (Q2 2015: 1.0x) 3

  11. Slide 11: Facilities of DKK ~3.8bn available

    NKT I Capital Markets Day 2015 23 September 2015 I 14 Facilities of DKK ~3.8bn available DKKbn 2015 Q2 2014 Q4 Committed (>3 years) 4.4 3.8 Committed (<3 years) 0.0 1.0 • Committed facilities lowered to reflect decreased NIBD and reduce cost of credit lines Committed total 4.4 4.8 • Increased durati

  12. Slide 12: Cash flow improved significantly

    NKT I Capital Markets Day 2015 23 September 2015 I 15 Cash flow improved significantly Operational, investment, and free cash flows DKKm 1,583 1,122 1,131 • Strong free cash flow 573 599 • Long-term working capital % expected 545 at ~15% 77 • Annual maintenance CAPEX of DKK -10 ~250m • Long-term tax

  13. Slide 13: Key messages: Sharpened focus on active ownership

    NKT I Capital Markets Day 2015 23 September 2015 I 16 Key messages Sharpened focus on active ownership • Group functions transformed into lean Executive Office • Clearly defined themes for long-term value creation in business units with firepower to support growth • Nilfisk 'Accelerate' growth to un

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