Balco Group Ab · OMXSTO:BALCO
Balco Group Ab — Q4 2022 Earnings Presentation
12 slides from Balco Group Ab's earnings presentation, Feb 6, 2023
Slide 1: Balco Group AB Q4 report 2022
Balco Group AB Q4 report 2022 6 February 2023 Camilla Ekdahl, CEO Michael Grindborn, CFO
Slide 2: Q4 – All-time high net sales and strong cash flow
Q4 – All-time high net sales and strong cash flow 1 Net sales increase and strong cash flow 3 Cost-saving program Net sales for the quarter increased by 18 Due to lower results and order intake during the percent to 383 MSEK and for the full year the last three quarters and tougher market increase w
Slide 3: Q4 financial highlights
Q4 financial highlights All-time high net sales and strong cash flow • Net sales increased by 18 percent to 383 MSEK (324). Acquired growth was 3 percent, currency effect 2 percent and organic growth was 13 percent. Net sales All of the organic growth comes from price increases. • Renovation account
Slide 4: Q4 – development per business segment: Renovation
Q4 – development per business segment Renovation segment Order intake, MSEK Order backlog, MSEK -17% -67% 1 379 419 1 146 138 2021 2022 2021 2022 Revenue, MSEK Adj. Operating profit, MSEK 5% 22% 33 35 327 268 2021 2022 2021 2022 Balco Group AB – Interim Report 1 January - 31 December 2022
Slide 5: Q4 – development per business segment: New Build
Q4 – development per business segment New Build Order intake, MSEK Order backlog, MSEK -26% -35% 64 178 50 129 2021 2022 2021 2022 Revenue, MSEK Operating profit, MSEK 1% -26% 56 56 4 3 2021 2022 2021 2022 Balco Group AB – Interim Report 1 January - 31 December 2022
Slide 6: 2022 full year – financial highlights
2022 full year – financial highlights All-time high net sales and strong cash flow • Net sales increased by 19 percent to 1,334 MSEK (1,120) Acquired growth was 4 percent, currency effect 2 percent and organic growth was 13 percent. Net sales All of the organic growth comes from price increases. • R
Slide 7: 2022 full year – development per business segment
2022 full year – development per business segment Renovation segment New build Order intake, MSEK Order intake, MSEK -35% 2% 1 436 122 125 984 2021 2022 2021 2022 Revenue, MSEK Revenue, MSEK -2% 23% 1 164 174 170 947 2021 2022 2021 2022 Adj. Operating profit, MSEK Operating profit, MSEK -7% -26% 106
Slide 8: Strong financial position
Strong financial position Equity ratio and balance sheet strong, prepared for more acquisitions • Equity/asset ratio at 56% (56) Equity/asset ratio • Net debt (incl. leasing)/EBITDA at 0.7x (0.6) Net debt/EBITDA • Net debt (excl. leasing)/EBITDA at 0.2x (0.4) • Profit after tax 76 MSEK (90) for the
Slide 9: Financial targets
Financial targets Balco figures 2022 10% per year” Revenue growth Growth “Balco shall achieve growth of 19% 20% per year” Eps growth Profitability “Earnings per share shall grow by -8% 2.5 times adjusted operating profit before NET DEBT/ adj. Ebitda 0.7x / 0.2x Capital structure “Interest-bearing ne
Slide 10: Sustainability update
Sustainability update • Balco has improved its ESG risk rating from 20.8 to 18.7, now ranked as a low-risk company among the 20% of all companies in the world with the lowest ESG risk. • Of the order intake in the last twelve months, 41 percent will give 15 to 30 percent in energy savings and 11 per
Slide 11: Concluding remarks
Concluding remarks • Revenue growth even in a strained economy, even though increasing costs negatively impacted profitability. • Postponed renovations are waiting ahead. • The balcony renovation market is less prone to macroeconomic risk than other industries as renovations need to incur with const
Slide 12: Q&A
Q&A