Thule Group Ab · OMXSTO:THULE

Thule Group Ab — Shareholder Meeting (April 2018)

32 slides from Thule Group Ab's shareholder meeting presentation, Apr 25, 2018

  1. Slide 1: Annual General Meeting CEO Presentation

    2018 Annual General Meeting CEO Presentation Magnus Welander April 25, 2018 Malmö, Sweden

  2. Slide 2: Active Life, Simplified.

    Active Life, Simplified. Slide 2 April 25, 2018 Thule Group AB – AGM 2018

  3. Slide 3: We are today a branded consumer goods lifestyle Company with global reach

    We are today a branded consumer goods lifestyle Company with global reach Sales: SEK 5,872m (+10.7% vs. 2016) EBIT: SEK 1,067m (+14.3% vs. 2016) EBIT-marginal: 18.2% (+0.6% vs. 2016) Sales in 140 countries Slide 3 April 25, 2018 Thule Group AB – AGM 2018

  4. Slide 4: Our investment case remains strong

    Our investment case remains strong Attractive Market Attractive Company ▪ Strong user-influenced Innovation and Product Development ▪ Differentiated Premium Brand ▪ Favorable mega-trends ▪ Global Route-to-Market Strategy and Implementation driving market growth ▪ Strong Position in the Value Chain ▪

  5. Slide 5: Share price development since IPO has been strong

    Share price development since IPO has been strong +179% from IPO (Thule Group  vs OMX +156%) 200 150 195.40 SEK/share 100 50 70.00 SEK/share 0 OMX Slide 5 April 25, 2018 Thule Group AB – AGM 2018

  6. Slide 6: Sustainable Approach

    Sustainable Approach

  7. Slide 7: Sustainability – Focus in all aspects of what we do

    Sustainability – Focus in all aspects of what we do Sustainable and reliable manufacturing Responsible business practices Products that inspire a Climate smart logistics Genuine social engagement healthy and active lifestyle Slide 7 April 25, 2018 Thule Group AB – AGM 2018

  8. Slide 8: Environmental Focus is moving us closer to our ambitious 2020 targets

    Environmental Focus is moving us closer to our ambitious 2020 targets GWh Share 20 100% 15 75% - 55% Reduction CO2 emissions 10 50% at Thule Group sites 5 25% (as compared with Base Year 2014) 0 0% 2013 2014 2015 2016 2017 Share of electricity usage from renewable sources (%) Energy consumption elec

  9. Slide 9: Health&Safety and equal opportunities are high on our agenda

    Health&Safety and equal opportunities are high on our agenda Number of accidents Share female employees Accidents 100 80 60 40 42% 20 (41% in 2016) 0 2013 2014 2015 2016 2017 Slide 9 April 25, 2018 Thule Group AB – AGM 2018

  10. Slide 10: CSR activities together with our Thule Crew members

    CSR activities together with our Thule Crew members Slide 10 April 25, 2018 Thule Group AB – AGM 2018

  11. Slide 11: Innovation Driven

    Innovation Driven

  12. Slide 12: “Product is King” mindset is our biggest strength

    “Product is King” mindset is our biggest strength Slide 12 April 25, 2018 Thule Group AB – AGM 2018

  13. Slide 13: Sport&Cargo Carriers: Thule EasyFold XT and Thule Motion XT

    Sport&Cargo Carriers: Thule EasyFold XT and Thule Motion XT Slide 13 April 25, 2018 Thule Group AB – AGM 2018

  14. Slide 14: RV Products: Van concept for the modern younger RV buyer

    RV Products: Van concept for the modern younger RV buyer Slide 14 April 25, 2018 Thule Group AB – AGM 2018

  15. Slide 15: Active with Kids: New Thule Chariot collection a hit in the market

    Active with Kids: New Thule Chariot collection a hit in the market Slide 15 April 25, 2018 Thule Group AB – AGM 2018

  16. Slide 16: Packs, Bags & Luggage: Thule Subterra collection puts us on the map

    Packs, Bags & Luggage: Thule Subterra collection puts us on the map Slide 16 April 25, 2018 Thule Group AB – AGM 2018

  17. Slide 17: Premium Brand

    xo) ¢ © = a jum Prem

  18. Slide 18: The Thule brand stands for 79% of sales

    The Thule brand stands for 79% of sales 79% Share of sales Thule brand 89% Share of Sales Thule Group brands Slide 18 April 25, 2018 Thule Group AB – AGM 2018

  19. Slide 19: Brand building in all channels

    Brand building in all channels Slide 19 April 25, 2018 Thule Group AB – AGM 2018

  20. Slide 20: Our Investment Case

    Our Investment Case Slide 20 April 25, 2018 Thule Group AB – AGM 2018

  21. Slide 21: Strong Position in the Value Chain

    Strong Position in the Value Chain

  22. Slide 22: In 2017 we opened our new assembly plant in Pila, Poland

    In 2017 we opened our new assembly plant in Pila, Poland ▪ A top-modern assembly plant ▪ Flexible set-up for future assembly lines ▪ In line with Thule Group environmental focus ▪ Health&Safety focused concept ▪ Focus at plant will be ▪ Selected bike carrier models ▪ Child Bike Seats ▪ Thule Sleek s

  23. Slide 23: Focus on cost efficient Supply Chain that meets increased customer demands

    Focus on cost efficient Supply Chain that meets increased customer demands ▪ Retail customers expecting more from brands ▪ Less and less inventory in retail ▪ Later cut-off times for orders ▪ Simplified ordering processes ▪ More flexible pick&pack approach ▪ Economies of scale as majority of product

  24. Slide 24: Global Go-To-Market Approach

    Global Go-To-Market Approach

  25. Slide 25: Focus on tools to drive sales in Brick&Mortar and On-line retail

    Focus on tools to drive sales in Brick&Mortar and On-line retail Slide 25 April 25, 2018 Thule Group AB – AGM 2018

  26. Slide 26: Financials 2017

    Financials 2017

  27. Slide 27: 2017 Full Year – Performance vs. Financial Targets

    2017 Full Year – Performance vs. Financial Targets Constant Currency Net Sales Growth (excl. Acquisitions) Organic Growth ≥ 5% +8.7% Underlying EBIT Margin ≥ 20% 18.2% 2016 at 17.6% Net Debt / EBITDA 1.5-2.5x 1.5x 1.6x (YE 2016) Dividend Policy ≥ 50% 87%* * Ordinary dividend of SEK 6.00 per share (3

  28. Slide 28: 2017 Full Year – Sales Development by Product Category

    2017 Full Year – Sales Development by Product Category Sport&Cargo Carriers Packs, Bags & Luggage RV Products Active with Kids BILD Share of Thule Group Sales 2017 65% 14% 13% 8% Sales Growth 2017 vs 2016 (Constant Currency) +6% -3% +28% +40% Slide 28 April 25, 2018 Thule Group AB – AGM 2018

  29. Slide 29: 2018/Q1 Update

    ~ oN . . ¥ 2018/Q1 Update

  30. Slide 30: Q1/2018 – Solid start to the year

    Q1/2018 – Solid start to the year ▪ Net sales of SEK 1,611m (1,526) ▪ +5.6% (+5.5% excluding currency effects) ▪ Underlying EBIT of SEK 309m (271) and Underlying EBIT margin of 19.2% (17.8) ▪ Net income, continuing operations of SEK 220m (197) ▪ Earnings per share, continuing operations of SEK 2.15

  31. Slide 31: We continue to focus on profitable growth in four product categories

    We continue to focus on profitable growth in four product categories Slide 31 April 25, 2018 Thule Group AB – AGM 2018

  32. Slide 32: Thule Group – Active Life, Simplified

    Thule Group») ACTIVE LIFE, SIMPLIFIED

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