Slide 1: CEO Susanna Campbell
CEO Susanna Campbell Telephone conference 8 May 2012 1
Slide 2: Q1 2012: Stable start to the year
Q1 2012: Stable start to the year § Stable development in the holdings - 12 of 19 holdings performed better operationally than previous year - Two challenges § Agreement signed to sell Anticimex - IRR 24%, exit gain approximately SEK 940m § Functioning financing market § Satisfactory transaction flo
Slide 3: Stable development in holdings Q1
Stable development in holdings Q1 Earnings trend Q1 2012 Total Ratos’s share Sales +5% +4% EBITA -2% -8% EBITA excluding items 0% -4% affecting comparability EBT -87% -69% EBT excluding items +2% -9% affecting comparability 3
Slide 4: Q1 should not be over-interpreted
Q1 should not be over-interpreted § Proportionally smaller share of earnings § Weather effects - Affected 2011 but not 2012 § Calendar effects 4
Slide 5: Most holdings performing well
Most holdings performing well + ±0 - AH Industries Biolin Scientific DIAB Anticimex Bisnode Jøtul Arcus-Gruppen Contex Finnkino Euromaint GS-Hydro Inwido Hafa Bathroom Group SB Seating HL Display KVD Kvarndammen Lindab Mobile Climate Control Stofa 5
Slide 6: Major uncertainty in business environment
Major uncertainty in business environment § Uncertain macro situation § Extreme differences between - Segments - Geographies - Different periods § Business environment controls more than own actions § “Sub-par growth” main scenario § Holdings high level of preparedness 6
Slide 7: Conditions for improvement in 2012
Conditions for improvement in 2012 § Continued conditions for improvement in holdings’ earnings in 2012 § Uncertainty of this assessment is high § Requires no worsening of macro situation and challenges in companies can be managed 7
Slide 8: Transaction and financing markets open
Transaction and financing markets open § Slower start than usual for transaction market § Satisfactory deal flow for Ratos § Sale of Anticimex § Banks will finance right company and situation 8
Slide 9: Stable Q1
Stable Q1 § Most holdings performing better than last year § Satisfactory transaction flow § Sale of Anticimex § Macro situation? § Conditions for improved earnings in holdings – although uncertainty is high 9