Slide 1: Lindab Group Q3 2021
For a better climate TM Lindab Group Q3 2021 29 October 2021 Ola Ringdahl President & CEO Jonas Arkestad CFO
Slide 2: Q3 Highlights
Q3 Highlights Strong organic growth • High demand for Lindab’s products. Continuing Total • Robust supply chain and high availability operations operations appreciated by customers. • Sales positively impacted by high steel prices. Sales (SEK m) 2,488 2,778 Organic growth +19% +20% Record high opera
Slide 3: Quarterly development – continued business
Quarterly development – continued business Net sales and adj. operating margin, Q3 each year SEK m Ventilation Systems, Q3 % Ventilation Systems • Strong organic growth in all geographic regions. • Record high operating margin. • New Experience Centre opened in Grevie, Sweden. Profile Systems SEK m
Slide 4: Q3 Financials
Q3 Financials -55% Cash flow Cash flow from operating activities 202 SEK m • Higher sales and increased raw material prices -0.4 have led to a corresponding increase in working capital. Net debt / EBITDA 1.1 • Cash flow excluding changes in working capital Cash flow from improved, mainly due to high
Slide 5: Building a stronger Lindab
Building a stronger Lindab 5
Slide 6: Increased focus on Lindab’s core business after the divestment of Astron
Increased focus on Lindab’s core business after the divestment of Astron • Agreement signed on 23 September, with expected closing within 2-4 months. • Increased focus on Lindab’s core business. • Exit from Kazakhstan, Belarus and Luxemburg. Lindab will be present in 20 countries. • Significant redu
Slide 7: Financial effects of the divestment
Financial effects of the divestment • Astron Building Systems is recognised as asset held for sale and discontinued operation in the financial statements of Q3. • One-time costs of SEK 432 m are recognised in the quarter, mainly related to impairment of goodwill. • The divestment is not expected to
Slide 8: Updated long-term financial targets
Updated long-term financial targets Growth rate % 20 18.5 15 10 8.9 The annual growth rate should exceed 10 percent, 3.7 >10% 5 3.3 as a combination of organic and acquired growth. 0 -5 -5.2 -10 2017 2018 2019 2020 YTD 2021 EBIT % % 16 14 13.5 12 10.0 The operating margin should exceed 10 percent, 1
Slide 9: Accelerate profitable growth
Accelerate profitable growth 9
Slide 10: Investments to increase efficiency, capacity and safety
Investments to increase efficiency, capacity and safety • SEK 97 m invested in Q3, with attractive payback. • The current investment program will continue until 2025. • Increased automation to improve efficiency, new equipment to create a safer work environment and expansion of regional production a
Slide 11: Acquisitions of high-quality companies
Acquisitions of high-quality companies • Well-managed, successful companies • Complement Lindab’s business in selected regions and product areas 7 July – Kami, Sweden 6 October – Tecnovent, Switzerland 11
Slide 12: Way forward
Way forward 12
Slide 13: Priorities 2021-2022
Priorities 2021-2022 • Continue the launch of new products for renovation of buildings in Europe (EU Green Deal). • Secure continued high delivery performance to customers and ensure raw material availability. • Implement the investment program at high pace. • Nurture the acquisition pipeline. • Imp
Slide 14: Thank you! Questions?
©lLindab’ Thank you! Questions?