Cavotec Group Ab · OMXSTO:CCC

Cavotec Group Ab — Q1 2023 Earnings Presentation

16 slides from Cavotec Group Ab's earnings presentation, Oct 3, 2023

  1. Slide 1: Cavotec, Q1 Presentation 2023

    Cavotec, Q1 Presentation 2023 ©2021 | 03 October 2023 Slide 1

  2. Slide 2: Table of contents

    Table of contents • Financial highlights • Operational highlights • Financial update • Summary and way forward • Q&A ©2021 | 03 October 2023 Slide 2

  3. Slide 3: Financial highlights

    Financial highlights ©2021 | 03 October 2023 Slide 3

  4. Slide 4: Financial Highlights, Q1 2023

    Financial Highlights, Q1 2023 Break +20.1% +44.2% even EUR 149.6 million EUR 39.5 million EUR 0.3 million Order backlog Revenues EBIT ©2021 | 03 October 2023 Slide 4

  5. Slide 5: Operational highlights

    Operational highlights ©2021 | 03 October 2023 Slide 5

  6. Slide 6: Operational Highlights

    Operational Highlights Strengthened financial position supports the execution on our strong order book • Directed issue raising proceeds of SEK 165 million Strong revenue development • Continue to deliver on our order book • Strong order intake and order book supports future revenue growth Focus on

  7. Slide 7: Operational Highlights – two new segments from 1 January 2023

    Operational Highlights – two new segments from 1 January 2023 Ports & Maritime • Order backlog increased 2.9% compared to the previous quarter to EUR 120.4 million • +23.6% compared to the same period previous year • Strong order intake for Shore Power and motorized Cable Reel orders in Asia • Reven

  8. Slide 8: Financial update

    Financial update ©2021 | 03 October 2023 Slide 8

  9. Slide 9: Order Backlog – higher despite strong revenue growth

    Order Backlog – higher despite strong revenue growth Order backlog improved in first quarter, EUR 149.6 million • Continued focus on margin in new deals Strong increase in Ports & Maritime, but weak in Industry • Ports & Maritime: +2.9% compared to the previous quarter to EUR 120.4 million • +23.6%

  10. Slide 10: Strong revenue development

    Strong revenue development Quarterly Revenues Cavotec Strong ability to deliver on our order book 50 • Revenue increased 44.2% to EUR 39,5 million (27.4) Millions EUR 45 40 Growth mainly genererated in Ports & Maritime 35 • Ports & Maritime: +91.4% to EUR 23.6 million compared to 30 the same period

  11. Slide 11: Operating Result – Break even

    Operating Result – Break even Quarterly Operating Result Cavotec First Quarter operating result EUR 0.3 million (-1.5) 0,5 2% • EBIT margin of 0.7% (-5.4%), mainly driven by Millions EUR 1% higher revenues - 0% • Investments into the growth of the organization and delivery of products with lower-tha

  12. Slide 12: Operating Cashflow – negative in Q1

    Operating Cashflow – negative in Q1 Quarterly Operating Cash Flow New Cavotec 6 Operating cash flow EUR -2.9 million (-0.1) • Inventory levels at the end of Q1 increased by Millions EUR 1.4 million (4.4) compared to the end of Q4 4 • Receivables and contract assets decreased EUR -3.9 million (-3.8),

  13. Slide 13: Cavotec - others

    Cavotec - others Rights issue • On February 22nd Cavotec carried out a directed issue of 12,452,830 shares • Subscription price of SEK 13.25 per share • Proceeds of approximately SEK 165 million • Provides ability to execute on strong order book and strengthens financial position by reducing net deb

  14. Slide 14: Summary and way forward

    Summary and way forward ©2021 | 03 October 2023 Slide 14

  15. Slide 15: Summary and way forward

    Summary and way forward Progress towards turning Cavotec into a profitable and growing company • Strong demand for Cavotec's solutions • Strong order book • Strong revenue growth • Increased profitability • Continued focus on efficiency across the entire Cavotec ©2021 | 03 October 2023 Slide 15

  16. Slide 16: Q&A

    Q&A ©2021 | 03 October 2023 Slide 16

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