Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q2 2013 Earnings Presentation

26 slides from Lindab International Ab's earnings presentation, 2013

  1. Slide 1: Lindab Group Q2 2013

    lindab | we simplify construction Lindab Group Q2 2013 Anders Berg, CEO Per Nilsson, CFO

  2. Slide 2: Lindab Group – Q2 2013 Highlights

    lindab | we simplify construction Lindab Group – Q2 2013 Highlights Simplifying the construction of sustainable profitability  Sales decreased by 2% in Q2 compared to last year, adjusted for currency and structure ─ By BA: Ventilation -2%; Building Components -7%; Building Systems +2%  EBIT (exclu

  3. Slide 3: Lindab Group – Q2 2013 Highlights

    lindab | we simplify construction Lindab Group – Q2 2013 Highlights Simplifying the construction of sustainable profitability  Develop Lindab based on the concept “Back to Basics – Into the Future” ─ Culture fuels growth ─ Support our customers to develop their business and generate increased profi

  4. Slide 4: Lindab Group Profit & Loss Q2 2013

    lindab | we simplify construction Lindab Group Profit & Loss Q2 2013 SEK m Q2 2013 Q2 2012 Sales growth -5% Sales 1,643 1,737 Structure 1% EBIT* 132 135 EBIT* % 8.0 7.8 Currency effect -4% Fin net -35 -39 Organic -2% Tax -30 -24 Net profit 61 56 *) EBIT excluding one-off items of SEK -6 m in Q2 2013

  5. Slide 5: Quarterly operating profit (EBIT) SEK m

    lindab | we simplify construction Lindab Group Quarterly operating profit (EBIT) SEK m Quarter Rolling 12 month 300 1200 212 200 172 190 800 135 135 132 110 107 105 100 75 400 30 0 -7 0 13 -50 -100 -400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010 2011 2012 2013 Quarterly LTM  Seasonal impact: Q1

  6. Slide 6: Cash flow Q2 2013

    lindab | we simplify construction Lindab Group Cash flow Q2 2013 SEK m Q2 2013 Q2 2012 Cash flow from - operating activities 145 145 - change in working capital -74 12 - investing activities -32 -266 - financial net paid -30 -31 - tax paid -15 -29 Free cash flow -6 -169 Adjusted free cash flow* -1 5

  7. Slide 7: Cash flow Q2 – working capital development

    lindab | we simplify construction Lindab Group Cash flow Q2 – working capital development SEK m Q2 2013 Q2 2012 Stock 10 -32 Operating receivables -82 -144 Operating liabilities -2 188 Total change in working capital -74 12  Decrease in stock during the quarter mainly related to activities for bala

  8. Slide 8: Cash flow trend

    lindab | we simplify construction Lindab Group Cash flow trend Operating cash flow, SEK m Quarter Rolling 12 month 400 324 800 300 252 217 192 600 172 200 115 97 400 100 67 23 3 26 200 0 0 -100 -90 -200 -172 -200 -300 -239 -400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010 2011 2012 2013 Quarterly

  9. Slide 9: Business Areas

    lindab | we simplify construction Business Areas 9

  10. Slide 10: BA Ventilation

    lindab | we simplify construction BA Ventilation Profit & Loss Q2 2013 SEK m Q2 2013 Q2 2012 Sales growth -4% Structure 2% Sales 865 902 EBIT* 68 69 Currency effect -4% EBIT* % 7.9 7.6 Organic -2% *) excluding one-off items of SEK -6 m in Q2 2013 and SEK -15 m in Q2 2012  Lower sales vs. last year

  11. Slide 11: BA Building Components

    lindab | we simplify construction BA Building Components Profit & Loss Q2 2013 SEK m Q2 2013 Q2 2012 Sales growth -9% Structure 0% Sales 527 576 EBIT 36 51 Currency effect -2% EBIT % 6.8 8.9 Organic -7% *) excluding one-off items of SEK 0 m in Q2 2013 and SEK -1 m in Q2 2012  Low demand in all regi

  12. Slide 12: BA Building Systems

    lindab | we simplify construction BA Building Systems Profit & Loss Q2 2013 SEK m Q2 2013 Q2 2012 Sales growth -3% Structure 0% Sales 251 259 EBIT 33 24 Currency effect -5% EBIT % 13.1 9.3 Organic 2%  Organic growth in the quarter driven by good volumes in Belarus and Poland  Order intake in Q2 hi

  13. Slide 13: Back to Basics – Into the Future

    lindab | we simplify construction Back to Basics – Into the Future  Organic growth Comprehensive action programme with 29 major activities in the Group  Operational leverage Cost programme continues according to plan  Innovation Release creativity, speed and execution 13

  14. Slide 14: Organic Growth

    lindab | we simplify construction Organic Growth 14

  15. Slide 15: Organic Growth

    lindab | we simplify construction Organic Growth ”Customer Success drives our success”  Close to the customer – ”simplify shopping”  Deliver more value to customers both in distribution and project business – business excellence  Increase our offering (improve sourcing and product development) 

  16. Slide 16: Organic Growth Activities

    lindab | we simplify construction Organic Growth Activities Examples of orders in Q2:  Deliveries of SEK 60 m order for manufacturing plant, Minsk, Belarus (for train manufacturer Stadler Rail AG) proceeding rapidly  10 orders above SEK 10 m for Astron (buildings): in Belarus, Russia and Congo  E

  17. Slide 17: Organic Growth Activities

    lindab | we simplify construction Organic Growth Activities Markets/New distribution Agreements:  Russia – ventilation fittings (Moscow)  Turkey – Rainline  Switzerland – exclusive supply of circular fittings and other Air Duct Systems material to the largest distributor in Switzerland  Denmark

  18. Slide 18: Operating Leverage

    lindab | we simplify construction Operating Leverage 18

  19. Slide 19: Operating Leverage

    lindab | we simplify construction Operating Leverage Platform for growth and increased profitability  Cost programme continues Before : After:  ”World-class” efficient production units  Easy to ramp up production Example of working with 5S in Finland – neatness and order  Utilise further synergi

  20. Slide 20: Operating Leverage

    lindab | we simplify construction Operating Leverage Working systematically with Lean create results Lindab Profile, Förslöv, in the final for the Swedish Lean Prize! ”20 years with lean has boosted Lindab” 20

  21. Slide 21: Innovation

    lindab | we simplify construction Innovation 21

  22. Slide 22: Innovation – sales success

    lindab | we simplify construction Innovation – sales success New decking profile – LHP130 Simplicity & functionality  Competitive price - high performance  Low weight  Wide cover width  Easy to install  Comfortable to walk on during installation  Possibility to choose orientation on delivery (

  23. Slide 23: Innovation – sales success

    lindab | we simplify construction Innovation – sales success Energy efficiency  The ”intelligent” VAV-system, Pascal: ─ Fornebu, Norway ─ School, Sweden ─ Logistics terminal, Sweden Fornebu Construction project in Norway Safety  Certified burglar safe panel with steel reinforcements: ─ ICA Maxi, U

  24. Slide 24: Outlook

    lindab | we simplify construction Outlook 24

  25. Slide 25: Outlook – comment from the CEO

    lindab | we simplify construction Outlook – comment from the CEO  Uncertain macro-economic outlook for Lindab’s markets  Downward revisions for European construction market  More important to focus on our own business and its development  Create offerings that are attractive irrespective of mark

  26. Slide 26: lindab | we simplify construction

    lindab | we simplify construction

Lindab International — Q2 2013 Earnings Presentation on 6ix