Slide 1: Presentation of Second Quarter 2021
Presentation of Second Quarter 2021 16 July 2021
Slide 2: Ratos - an active owner building great companies
Ratos - an active owner building great companies Large / mid Long-term Total EBITA HQs in the sized and active Sales Growth Nordics companies ownership SEK 23 bn +139% 10 200 (Q2 21 LTM, Ratos (LTM Q2 2019- Employees in Q2 2021) share) 12 companies 2.0 in 30+ countries SEK 33 bn Billion SEK in EBITA
Slide 3: Transformation completed – focus on profitable growth
Transformation completed – focus on profitable growth Ratos a business group Improve EBITA in current Structural changes companies Structure, Processes, Culture ▪ Stability ▪ Divestment of Bisnode ▪ Organic EBITA growth ▪ Divestment Spira, Jøtul, ▪ Add on acquisitions in ▪ Profitability Gudrun Sjödé
Slide 4: Strong EBITA development in company group in Q2 2021
Strong EBITA development in company group in Q2 2021 Comments Quarterly EBITA Ratos Share, MSEK +1% ▪ Net sales amounted to 6,949 MSEK (7,221) 1,045 1,055 ̶ Quarterly organic growth of 2% +101 91 ▪ EBITA increased to 1,055 MSEK (1 045) (+11%) ̶ 11 out of 12 companies increased EBITA ▪ EBITA-margin i
Slide 5: Leverage is decreasing
Leverage is decreasing Comments Net Debt / EBITDA LTM ▪ Net Debt / EBITDA amounted to -1.1x in Q2 2021 (1.5x) 1.5x ▪ Net Debt decreased to -2,071 MSEK in Q2 2021versus Q4 2020 (2,382) -2.2x 1.1x ▪ Cash flow from operations decreased to 1,105 MSEK compared to Q2 2020 (1,232) ▪ Cash and cash equivalen
Slide 6: Business Area: Construction & Services
Business Area: Construction & Services Q2 Organic growth EBITA Comments Q2 2021 +0.5% ▪ Organic sales development, +0,5% +50 MSEK ̶ Lower project volumes in Aibel and HENT ̶ Covid-19 pandemic continued to Organic growth EBITA impact sales in Aibel and HENT Q2 2021 Q2 2021 Q2 2020 Δ ̶ Strong growth i
Slide 7: airteam – a leading Nordic technical ventilation solution provider
airteam – a leading Nordic technical ventilation solution provider ▪ A leading Nordic technical ventilation solution provider operating on a growing market, fuelled by an increasing need for energy efficient ventilation solutions ▪ No. 1 position on the Danish market and growing Swedish business, wi
Slide 8: Business Area: Consumer
Business Area: Consumer Q2 Organic growth EBITA Comments Q2 2021 +2% -7 MSEK ▪ Organic sales development, +2% ̶ Strong sales in KVD and Oase Outdoors ̶ Plantasjen negatively impacted by Organic growth EBITA closed stores and poor weather Q2 2021 Q2 2021 Q2 2020 Δ conditions in April Bisnode NA 91 -9
Slide 9: KVD – Building the strongest consumer brand for used cars
KVD – Building the strongest consumer brand for used cars ▪ Sweden’s largest independent online marketplace for used cars ̶ ~26 000 used car transactions p.a. ▪ Strong position with solid online footprint as digital channels become preferred route for consumers buying cars ▪ Strategic repositioning
Slide 10: Business Area: Industry
Business Area: Industry Q2 Organic growth EBITA Comments Q2 2021 +7% -32 MSEK ▪ Organic sales development, +7% ̶ Considerably lower sales for Diab on the wind turbine market in China Organic growth EBITA ̶ Strong growth for remaining Q2 2021 Q2 2021 Q2 2020 Δ companies Diab -9% 14 84 -70 ▪ EBITA dec
Slide 11: TFS – Helping Biotechs develop new treatments and vaccines
TFS – Helping Biotechs develop new treatments and vaccines ▪ TFS is a Contract Research Organization (“CRO”) that plans and conducts clinical trials for biotech and pharmaceutical companies ▪ Leading mid sized CRO in Europe with global reach, with specialty focus on dermatology, ophthalmology, hemat
Slide 12: Financial targets
Financial targets Dividend payout EBITA Net Debt / EBITDA 30–50% 3 Billion SEK 1.5 – 2.5x of profit after tax Net debt in relation to EBITDA The dividend payout ratio should normally range from 1.5 EBITA is to amount to at least should amount to 30–50% of to 2.5x, excluding financial SEK 3 billion b
Slide 13: Summary Q2, 2021
Summary Q2, 2021 ▪ Lower EBITA in Diab due to raw material cost increases and a 33% volume drop in sales in the wind segment ▪ Eleven of twelve companies increased EBITA and EBITA-margin in the quarter ▪ EBITA continued to increase in the quarter even though Bisnode was divested ▪ Organic net sales
Slide 14: Q&A
Q&A RATOS
Slide 15: Relentless since 1866
Relentless since 1866 www.ratos.com