Slide 1: Nilfisk Q3 Interim Report 2017 Webcast presentation
November 17, 2017 Nilfisk Q3 Interim Report 2017 Webcast presentation Page 1
Slide 2: Today's presenters
Today’s presenters Nilfisk CEO Nilfisk CFO Hans Henrik Lund Karina Deacon Page 2 Nilfisk Q3 Interim Report 2017
Slide 3: Agenda
Agenda 1 Highlights for Q3 and the first nine months of 2017 2 Financial review 3 2017 financial outlook 4 Q&A Page 3 Nilfisk Q3 Interim Report 2017
Slide 4: Performance in Q3 and first nine months of 2017 in line with expectations
Performance in Q3 and first nine months of 2017 in line with expectations • khjj Highlights • Nilfisk realized total revenue of 252.7 mEUR in Q3 2017, up 3mEUR from Q3 2016 • Solid organic growth in the total business of 3.4% for Q3 and 3.1% for the first nine months of 2017 • 5.6% organic growth in
Slide 5: Strong growth in EMEA and satisfactory performance in Americas
Strong growth in EMEA and satisfactory performance in Americas -0.1% 10.6% -1.2% Americas Q3 y/y EMEA Q3 y/y APAC Q3 y/y 27% of total 47% of total 8% of total 5.2% 5.9% 0.3% Q3 sales Q3 sales Q3 sales 9M y/y 9M y/y 9M y/y Page 5
Slide 6: Specialty Professional in line with expectations
Specialty Professional in line with expectations Comments • Positive growth in Industrial Vacuum Cleaners and Food. Outdoor and Restoration still challenging • Challenging business areas are currently undergoing a strategic review • The production set-up in Outdoor is being Specialty Professional re
Slide 7: Continued focus on strengthening Specialty Consumer
Continued focus on strengthening Specialty Consumer Comments • Q3 sales below expectations in a challenging pricing environment and market • Negative growth affected by the loss of one large customer and timing of orders • Initiatives in place to stabilize sales and improve Specialty Consumer produc
Slide 8: Agenda
Agenda 1 Highlights for Q3 and the first nine months of 2017 2 Financial review 3 2017 financial outlook 4 Q&A Page 8 Nilfisk Q3 Interim Report 2017
Slide 9: EBITDA margin before special items in line with expectations
EBITDA margin before special items in line with expectations 2014 2015 2016 2017 Comments • EBITDA margin before special items in Q3 was 11.7% 8.9%, in line with expectations 11.0% 10.0% • Lower margin in Q3 2017 impacted by significant private label sales, increasing raw material prices, and higher
Slide 10: Working capital at a continued low level – RoCE increasing
Working capital at a continued low level – RoCE increasing Comments • Working capital in Q3 2017 continued at a relatively 20% low level due to higher payables and higher production level in China 18.8% 16.3% Q3 2016 Q3 2017 18% • Working capital ratio LTM in Q3 2017 was 16.3%, a decrease of 2.5% co
Slide 11: The Accelerate+ cost savings program is progressing as planned
The Accelerate+ cost savings program is progressing as planned Full Comments Q1-Q3 potential EUR million 2016 2017 2017 2018 2019 end 2019 • Accelerate+ cost savings program of EUR 35m on track and with unchanged expectations Expected annual accumulated impact on EBITDA before Special 11 18 18-19 25
Slide 12: Agenda
Agenda 1 Highlights for Q3 and the first nine months of 2017 2 Financial review 3 2017 financial outlook 4 Q&A Page 12 Nilfisk Q3 Interim Report 2017
Slide 13: The 2017 financial guidance is narrowed for organic growth and maintained for EBITDA margin
The 2017 financial guidance is narrowed for organic growth and maintained for EBITDA margin before special items Organic EBITDA margin revenue growth before special items 3-4% 11.0-11.5% 2017 guidance 2017 guidance Narrowed from 2-4% Page 13
Slide 14: Summary and Q&A
Summary and Q&A Performance in Q3 Solid organic growth EBITDA margin before 2017 outlook for and the first nine driven especially by a special items in line organic growth is months of 2017 in line strong performance with expectations. narrowed to 3-4% with expectations in EMEA Outlook unchanged (fr
Slide 15: Forward-looking statements
Forward-looking statements This presentation and related comments contain forward-looking statements. Such statements are subject to many uncertainties and risks, as various factors, of which several are beyond Nilfisk Holding’s control, may cause that the actual development and results differ mater