Alimak Group Ab · OMXSTO:ALIG
Alimak Group Ab — Q2 2025 Earnings Presentation
24 slides from Alimak Group Ab's earnings presentation, Jul 18, 2025
Slide 1: Alimak Group
Alimak Group 18 July 2025 Ole Kristian Jødahl, CEO Sylvain Grange, CFO
Slide 2: Alimak Group – a diversified global industrial company
Alimak Group – a diversified global industrial company Highlights Drivers for success ▪ Leading provider of sustainable vertical access and working at height solutions Supported by global trends ▪ 3,000 employees, sales in +120 countries, presence in 28 countries Leading market position in ▪ Decentr
Slide 3: Accelerating profitable growth with New Heights 2.0
Accelerating profitable growth with New Heights 2.0 The New Heights programme New Heights 2.0 1 2 3 2020 2021 2022-2025 2026-2030 Establish the Secure margin Profitable Accelerating base improvements growth profitable growth Our mission: “Moving people, 2025 material and Updating division businesses
Slide 4: Financial and sustainability targets
Financial and sustainability targets Financial targets Revenue growth EBITA margin Leverage ratio Dividend pay-out ratio 6-10% >18% <2.5x 40-60% Sustainability targets CO2 reduction Employee LTIFR ESG assessment of direct material to 2025 * NPS Injury rate per mn suppliers** working hours 30% >40 <2
Slide 5: Strong performance and continued margin improvement Q2
Business update – Q1 FOR INTERNAL USE ONLY Strong performance and continued margin improvement Q2 ▪ Order intake down 4%, an increase of 4% at constant currency, and revenue down 1%, and increase of 7% at constant currency ▪ Continued increased Group earnings and margins – Reaching adjusted EBITA ma
Slide 6: Group quarterly summary Q2
Group quarterly summary Q2 Order intake & revenue ▪ Order intake was MSEK 1,720, -4% (+4% at constant MSEK MSEK currency) 2 400 8 000 2 100 7 000 ‒ Strong performance in the Industrial and Facade 1 800 6 000 Access divisions 1 500 1 200 5 000 4 000 900 3 000 ‒ Decrease in Construction, Wind and HSPS
Slide 7: Service order intake and revenue Q2
Service order intake and revenue Q2 ▪ Service is a key component in all divisions Share of order intake Share of revenue ‒ Order intake decreased by -10% (-2% at constant currency) to 62% 62% MSEK 661 (733) due to lower service orders in the Industrial 38% 38% and Construction divisions Equipment Se
Slide 8: Facade Access Q2
Facade Access Q2 ▪ Order intake was MSEK 451, +24% (+35% at constant Order intake & revenue currency) ▪ Order intake was America MSEK 512, +41 % (+24% from MSEK MSEK ‒ Strong North order intake as infrastructure 600 2 500 acquisitions. projects +18% (nuclearorganically) energy) and refurbishment, re
Slide 9: Facade Access – business update Q2
Facade Access – business update Q2 ▪ Organisational change ‒ Philippe Gastineau, EVP of the Facade Access division, has decided to leave the Group and Hervé Ros, currently Head of Facade Access in North America, will assume the role as EVP of the Facade Access division ▪ Making our organisation stro
Slide 10: Construction Q2
Construction Q2 ▪ Order intake was MSEK 327, -28% (-21% at constant Order intake & revenue currency) affected by volatility in demand between quarters and MSEK MSEK regions: 600 2 000 ‒ Weak rental order intake in Germany, Benelux and 500 1 900 400 1 800 Australia and lower in used business versus s
Slide 11: Construction – business update Q2
Construction – business update Q2 ▪ Continued investment in people, product development and operational efficiency ▪ Launching the new Scanclimber SC 2500 Mast Climbing Work Platform, designed for facade repair and installation works ‒ 2,780 kg payload at 150 meters in twin configuration ‒ Global pr
Slide 12: Height Safety & Productivity Solutions Q2
Height Safety & Productivity Solutions Q2 Order intake & revenue ▪ Order intake was MSEK 316, -10% (-4% at constant currency) MSEK MSEK ‒ Lower order intake due to slow construction sector, primarily in 500 1 600 1 400 Central and Southern Europe 400 1 200 300 1 000 ‒ Partially offset by growing mar
Slide 13: HSPS – business update Q2
HSPS – business update Q2 ▪ Focus on specific verticals, product development and organisational efficiency ‒ Elevator segment growth in markets like the Middle East, India, and increasing share in the US ‒ Confined space solutions for utilities and long-term public infrastructure ▪ Working close wit
Slide 14: Industrial Q2
Industrial Q2 ▪ Order intake was MSEK 481, +9% (+16% at constant Order intake & revenue currency) MSEK MSEK 500 2 000 ‒ Strong performance driven primarily by new equipment 400 1 500 orders in Oil & Gas, Government & Public and Other 300 1 000 Heavy Industry segments 200 500 100 ‒ Aftermarket busine
Slide 15: Industrial – business update Q2
Industrial – business update Q2 ▪ Signed an agreement on 8 July to acquire the permanent industrial elevator business of Century Elevators from BrandSafway – Turnover of MUSD 9.7, operating close to the Alimak Group margin – Strengthened position in USA and Canada – Access to complementary, cost-eff
Slide 16: Wind Q2
Wind Q2 ▪ Order intake was MSEK 158, -22% (-15% at constant Order intake & revenue currency) MSEK MSEK 250 720 700 ‒ Negatively affected in the US by tariff uncertainties 200 680 150 660 ‒ High year-over-year comparables in China 640 100 620 600 50 580 ▪ Revenue was MSEK 179, -8% (-2% at constant cu
Slide 17: Wind – business update Q2
Wind – business update Q2 ▪ Growing opportunities in the Wind market – Increasing share with leading Chinese OEMs and expanding scope with new customers – Secured first major orders in India, now the world’s second-largest tower market – Enhanced aftermarket organisation to strengthen support and dr
Slide 18: Profit & loss summary Q2
Profit & loss summary Q2 MSEK Q2 2025 Q2 2024 YTD 2025 YTD 2024 Order intake 1,720 1,789 -4% 3,725 3,518 6% ▪ EBITA adj. Constant currency order growth 4% 10% – Growing by 5%, despite almost flat Revenue 1,791 1,806 -1% 3,524 3,541 -1% revenue Constant currency revenue growth 7% 3% ▪ IAC Gross
Slide 19: Gross margin and operating expenses Q2
Gross margin and operating expenses Q2 Gross margin ▪ To be added ▪ Gross margin was 41.7% (40.9) % 48 ‒ Improved across the board but a small degradation for 40 the Facade Access division 32 24 ‒ FX changes and US tariffs weathered 16 8 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2024 2025 GM R12 GM ▪ Operat
Slide 20: Result for the period and EPS Q2
Result for the period and EPS Q2 ▪ Result for the period was MSEK 184 (143), +28% Result for the period and EPS* ▪ Excluding IAC (Items Affecting Comparability), result MSEK SEK for the period was MSEK 184 (154), +19% 220 2.50 200 180 2.00 ▪ Earnings per share was SEK 1.74 (1.35), +28% 160 140 1.50
Slide 21: Operating cash flow Q2
Operating cash flow Q2 ▪ Cash flow from operations was MSEK 182 (164) Operating cash flow, MSEK MSEK MSEK ‒ Continued cash focus to keep rolling 12-month cash 550 1 400 flow on a good level 500 1 200 450 ‒ Working Capital increase in the quarter mainly due 400 1 000 to contract phasing in Facade Acc
Slide 22: Net debt and return on capital employed Q2
Net debt and return on capital employed Q2 Net debt and leverage ▪ Net debt up to BSEK 2.6 (2.4 in Q1 2025) ‒ Impact of the dividend payment and euro loan MSEK X 6 000 9 revaluation in the quarter 5 000 7 ▪ Net debt/EBITDA 1.74 (2.29) 4 000 5 3 000 ‒ Well in line with our financial target of being b
Slide 23: Summary Q2
Summary Q2 ▪ We continue to deliver on the New Heights programme – 4% order intake growth and 7% revenue growth at constant currencies – Increased Group earnings and margins – adjusted EBITA margin of 18.0% (17.0) ▪ Taking further action to enhance profitability in Facade Access ▪ Solid financial po
Slide 24: Q&A
Q&A Investor Update November 20, 2024