Slide 1: Troax Group Interim Report Q3 2024
i »TROAX GROUP« INTERIM REPORT 03 2024 25th Octoher 2024 MARTIN NYSTROM, PRESIDENT AND CEO ANDERS EKLOF, CFO
Slide 2: Order intake growth in a two-speed world
Order intake growth in a two-speed world • Mixed demand picture with positive development in all sales regions but Northern Europe • Our order intake grew by 8% whereof structure (9%) • • Sales grew by 12% whereof structure (+10%) Signs of automated warehousing activity would pick up 2025-2026 +8% O
Slide 3: Our Changshu facility in China
• Our Changshu facility in China was inaugurated in September • The facility is designed and built to world-class standard • A key enabler to continue our profitable growth journey in APAC
Slide 4: Order intake by segment and region
TOTAL: -1% Automotive Warehousing Construction Process Other Total % of ~20% ~25% ~10% ~10% ~35% 100% revenues 2023 Percent of revenues Order intake Y/Y (2023) Q3 2024 Continental Europe 52% -5% North America 16% +12% Nordics 15% -22% United Kingdom 10% -1% New markets 9% +33% < -5% -5% to 5% >5%
Slide 5: Order intake and sales growth by quarter
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2020 2021 2022 2023 2024 OI growth Sales growth
Slide 6: Order intake (MEUR)
Order intake by quarter (MEUR) Growth +8% +8% 5,4 62,3 -0,6 +9% 67,0 -1% 62,3 67,0 20-Q3 21-Q3 22-Q3 23-Q3 23-Q4 24-Q1 24-Q2 24-Q3 Q3-23 Organic Structure Q3-24 Order intake (MEUR) 67.0 (+8%)
Slide 7: Sales (MEUR)
Sales by quarter (MEUR) Growth 69,0 +12% 61,4 Revenues +2% +10% 69,0 61,4 20-Q3 21-Q3 22-Q3 23-Q3 23-Q4 24-Q1 24-Q2 24-Q3 Q3-23 Organic Structure Q3-24 Sales (MEUR) 69.0 (+12%)
Slide 8: EBITA margin (%)
20 22,9 25 22,5 +6% EBITA margin (%) 20,9 20,1 19,7 18,5 20 15 15,5 16,8 19.7 % (+6%) 15 10 10 • Dilution from structure (-0.6%) 12,8 13,6 5 • Low organic volumes gives under- 5 absorption 0 0 • Control of sales and administration 20-Q3 21-Q3 22-Q3 23-Q3 23-Q4 24-Q1 24-Q2 24-Q3 costs – according to
Slide 9: Working capital
100 25 90 21,4 Working capital 80 20 70 +4% 0% 58.9 MEUR (+4%) 60 15 50 40 10 30 58,9 • Stable working capital sequentially 56,9 20 5 • Slightly higher inventory level 10 compared to last year 0 0 20-Q3 21-Q3 22-Q3 23-Q3 23-Q4 24-Q1 24-Q2 24-Q3 NOTE: Working capital is defined as 3 month rolling (Ac
Slide 10: Financial net debt / EBITDA
90 3,0 Financial net debt / EBITDA 80 2,5 Target: Net debt/EBITDA <2.5 70 2,0 0.9 (R12) 60 1,5 50 0,9 1,0 • Net debt continued to decrease during Q3 40 0,5 • Target is to be below 2.5 30 • Significant fire power for acquisitions 20 0,0 20Q4 21Q4 22Q4 23Q4 24Q3 Financial net debt Net debt/EBITDA
Slide 11: Free operating cash flow
25 180 160 Free operating cash flow 20 140 117 120 13.7 MEUR 15 13,7 100 • Strong cash flow from operations 80 10 60 12,5 40 5 20 0 0 20-Q3 21-Q3 22-Q3 23-Q3 23-Q4 24-Q1 24-Q2 24-Q3 Operating cash flow (MEUR) R3 Cash conversion %
Slide 12: Key figures Q3 2024
MEUR Q3 2023 Q3 2024 GROWTH OI Sales Order intake 62.3 67.0 Organic -1 +2 Revenues 61.4 69.0 Structure +8 +10 EBITA 12.8 13.6 Organic + structure +8% +12% EBITA (%) 20.9% 19.7% Currency - - Net debt / EBITDA 0.7 0.9 Total +8% +12% EPS 0.16 0.16
Slide 13: Order intake growth in a two-speed world
Order intake growth in a two-speed world • Mixed demand picture with positive development in all sales regions but Northern Europe • Our order intake grew by 8% whereof structure (9%) • • Sales grew by 12% whereof structure (+10%) Signs of automated warehousing activity would pick up 2025-2026 +8% O
Slide 14: Play it safe – play Troax Group
We believe your everyday safety matters. Our people make the difference In essence, is it all about providing you with peace of mind. Everyday safety means bringing every employee back home safe, businesses sustainably higher productivity, and valuables untouched. First in mind - customers´ first ch
Slide 15: Q&A
i »Q&A