Slide 1: Troax Group AB Second Quarter 2021 Presentation
THIS IS TROAX TROAX GROUP AB (publ) SECOND QUARTER 2021 PRESENTATION AUGUST 17, 2021
Slide 2: On Solid Ground
ON SOLID-GROUND
Slide 3: % % %
14 % 21 % 65 %
Slide 4: 14% 21% 65%
14% 21% 65%
Slide 5: 14% 21% 65%
14% 21% 65%
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Slide 7: Orders received, net sales, operating profit 2020
THIS IS TROAX 2020 EUR MILLION 2020 YEAR ON YEAR CHANGE Orders received 178.4 +6% Net sales 163.6 -3% Operating profit 30.8 -6% Operating margin 18.8% -0.8% Earnings per share (EUR) 0.39 -5% Dividend per share 0.20 +100%
Slide 8: Global market leader of indoor perimeter protection
THIS IS TROAX • Troax is the global market leader of indoor perimeters protection (”mesh panel solutions”) • Relative market share is -2.5x larger than #2 player • Local presence in 42 countries • Troax had a sales CAGR 2011-2020 of 11.6% and an organic sales CAGR 2011-2020 of 8.3% • Strong position
Slide 9: Financial targets and 2021 YTD actuals
THIS IS TROAX Actuals Financial targets 2021 YTD Sales “Troax’ objective is to exceed the growth in the >Market Organic: growth Company’s current markets through organic growth, growth 40% as well as selective acquisitions” Sales growth M&A: 19% “Troax’ target is to have an operating margin 20% 21,6
Slide 10: Q2 continued with the good order trend
THIS IS TROAX • Q2 continued with the good order trend which started in Q1. The main explanation for this is the continued strong development from customers within Automated Warehouses and Machine Guarding. • A good EBIT result and margin in Q2 2021 was recorded compared to LY thanks to good utiliza
Slide 11: Key financials
THIS IS TROAX 3 Months 3 Months 6 Months 6 Months 12 Months 12 Months 12 Months Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jan-Dec Jan-Dec Jul-Jun MEUR 2021 2020 2021 2020 2020 2019 2020/2021 Order intake 69,3 37,7 133,8 82,3 178,4 168,1 229,9 Sales 67,5 35,9 122,2 76,7 163,6 168,0 209,1 Gross profit 25,5 13,7
Slide 12: Order intake and sales by region
THIS IS TROAX 3 Months 3 Months 6 Months 6 Months 12 Months 12 Months 12 Months Order intake Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jan-Dec Jan-Dec Jul-Jun MEUR 2021 2020 Diff 2021 2020 Diff 2020 2019 Diff 2020/2021 Continental Europe 28,2 18,2 55% 53,0 40,5 31% 81,0 90,6 -11% 93,5 Nordic region 8,3 6,9 20
Slide 13: Several main orders received in Q2 2021
THIS IS TROAX • We have received several main orders in the second quarter of 2021. This refers mainly to customers within Automated Warehouse and Machine Guarding. We noted during the quarter a continued inflow of orders which might be reflecting some sort of catch-up effect from previous lower act
Slide 14: Market drivers
THIS IS TROAX • Increased industrial automation • On-shoring of manufacturing • Growth in e-commerce • Safety awareness • Stricter regulation • Residential construction and safe storage
Slide 15: Total market somewhat decreasing in 2020
THIS IS TROAX We expect that the total market has somewhat been decreasing in size during 2020.
Slide 16: Assessment of the competitive situation
THIS IS TROAX THE COMPANY’S ASSESMENT OF THE COMPETITIVE SITUATION IN 2019/2020 EUR million
Slide 17: Our production units
THIS IS TROAK Hillerstorp, SWEDEN Production of the entire range of panels Capacity (metres) >1,900,000 Capacity utilisation 70% Area (m?) 39,000 OUR PRODUCTION UNITS dividers, safety barriers & arehouse accessories Capacity (panels) Capacity (metres) Capacity (metres) 100,000 ~900,000 Capacity util
Slide 18: Working together for a safer world
THIS IS TROAX Working together for a safer world
Slide 19: A Safer Tomorrow
A SAFER TOMORROW Bm SINCE S355
Slide 20: What we focus on today
THIS IS TROAX WHAT WE FOCUS ON TODAY • Climate compensating program concerning all transportations • Continuously decrease of our total energy consumption, target 2% per year – Reached in the main unit in Sweden for 2020. • Regional manufacturing decreases transportation • Recertified ISO 14001 and
Slide 21: Troax Safety Center R&D
THIS IS TROAX Our R&D department, Troax Safety Center, is the backbone of Troax. We combine hard work and ingenuity to create the safest and most innovative products for the global market.
Slide 22: Certified by TUV Rheinland
CERTIFIED BY TUV RHEINLAND
Slide 23: Protecting people, property, and processes
PROTECTING PEOPLE, PROPERTY, AND PROCESSES
Slide 24: The Original. Since 1999.
THE ORIGINAL. SINCE 1999. TH ORIGINAL
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