Rockwool A/s Class A · OMXCOP:ROCK_A

Rockwool A/s Class A — ROCKWOOL International — FY2020 Earnings Presentation

16 slides from Rockwool A/s Class A's earnings presentation, February 2021

  1. Slide 1: Q4/FY 2020 Financial Results

    Q4/FY 2020 Financial Results 1

  2. Slide 2: Forward-looking statement

    Forward-looking statement The statements on the future in this presentation, including expected sales and earnings, are associated with risks and uncertainties and may be affected by factors influencing the activities of the Group, e.g. the global economic environment, including interest and exchang

  3. Slide 3: FY highlights 2020

    FY highlights 2020 Sales Sales decrease in local currencies EUR 2,602 million 3.7% down 5.6% in reported figures incl. +0.6% from acquisitions EBIT EBIT margin EUR 338 million 13.0% satisfying after a stronger Q4 upper end of expectations Free cash flow Net profit EUR 76 million EUR 251 million up E

  4. Slide 4: Q4 highlights

    Q4 highlights Sales Sales increase in local currencies EUR 700 million 1.8% down 2.1% in reported figures incl. +0.6% from acquisitions EBIT EBIT margin EUR 100 million 14.3% up 6.4% over last year up 1.1 percentage points Free cash flow Net profit EUR 38 million EUR 73 million up EUR 41 million fro

  5. Slide 5: FY sales down 3.7 percent

    FY sales down 3.7 percent Net sales EURm Sales reached EUR 2,602 million, down 3.7 percent in -3.7% local currencies including +0.6 percent from the Parafon and Bestofire acquisitions. -5.6% Sales decreased 5.6 percent in reported figures with a Reported figures negative currency impact of 1.9 perce

  6. Slide 6: Q4 sales up 1.8 percent in local currencies

    Q4 sales up 1.8 percent in local currencies Net sales EURm +1.8% Sales reached EUR 700 million, up 1.8 percent in local currencies including +0.6 percent from the -2.1% Parafon and Bestofire acquisitions. Sales in reported figures decreased 2.1 percent with a Reported figures negative currency impac

  7. Slide 7: Q4 regional sales development

    Q4 regional sales development Geographic Growth in local currencies Key developments share of sales* Western Europe  Positive impact of 1 percent from the Parafon acquisition.  Most countries recovered well. 0.0% incl. Parafon  France affected by slow quarter in renovation work. 60% -0.5 percent

  8. Slide 8: Q4 strong profitability

    Q4 strong profitability EBITDA & EBIT EURm +3.7% EBITDA reached EUR 148 million, up 4 percent. +6.4% 144 142 142 145 148  EBITDA margin of 21.1 percent compared to 19.9 125 125 percent in Q4 2019. 120 102 99 104 100 100 94 EBITDA  We maintained close attention to market 83 77 80 conditions, adjust

  9. Slide 9: Q4 profitability – strong Systems segment performance

    Q4 profitability – strong Systems segment performance EBIT -8.0% EURm Insulation EBIT at EUR 64 million in Q4 2020, down 8 percent compared to last year. 70 64  EBIT margin was 11.0 percent, down 0.5 +48.8% Q4 2019 percentage points compared to Q4 2019. 36 Q4 2020  The decrease driven by start-up

  10. Slide 10: Q4 investment activities

    Q4 investment activities Investments excluding acquisitions totalled EUR 100 million in Q4 2020 (Q4 2019: EUR 108 million).  The largest individual investments in 2020 relate to the factory projects in the United States, Norway and Germany.  COVID-19 slightly postponed some investments.  Sustaina

  11. Slide 11: Q4 free cash flow up

    Q4 free cash flow up Q4 free cash flow ended at EUR 38 million, up EUR 41 million compared to Q4 2019, with a positive impact from net working capital and lower investments. Free cash flow EURm Net working capital was 8.2 percent (2019: 9.0 percent) of net sales, and ended at EUR 213 million, Q4: EU

  12. Slide 12: Outlook 2021

    Outlook 2021 12

  13. Slide 13: Outlook full year 2021

    Outlook full year 2021 Sales growth of 3-5 percent in local 1. Sales currencies EBIT margin around 11 percent 2. EBIT 3. Investment Investment level around EUR 370 million excluding acquisitions. 2020 outlook overview 5 February 2020 24 March 2020 13 May 2020 20 August 2020 25 November 2020 31 Decem

  14. Slide 14: Key figures for the Group

    Key figures for the Group EURm Q4 2020 Q4 2019 YoY (%) FY 2020 FY 2019 YoY (%) Income statement Net sales 700 715 -2.1% 2,602 2,757 -5.6% EBITDA 148 142 3.7% 522 548 -4.8% EBIT 100 94 6.4% 338 372 -9.2% Profit before tax 94 97 -2.8% 325 367 -11.6% Profit for the period 73 72 0.5% 251 285 -12.3% Bala

  15. Slide 15: Questions?

    Questions? 15

  16. Slide 16: ROCKWOOL Group

    ROCKWOOL Group ROCKWOOL International A/S Hovedgaden 584 2640 Hedehusene Denmark Phone: +45 4656 0300 CVR No. 54879415 www.rockwool.com/group/ 16

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