Rockwool A/s Class A · OMXCOP:ROCK_A
Rockwool A/s Class A — Q1 2022 Earnings Presentation
16 slides from Rockwool A/s Class A's earnings presentation, May 2022
Slide 1: Q1 2022 Financial results
Q1 2022 Financial results 1
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
Slide 3: Q1 highlights
Q1 highlights Sales Sales increase in local currencies 924 MEUR 36% up 38% in reported figures EBIT EBIT margin 102 MEUR 11.0% up 14% over last year down 2.3 percentage points Free cash flow Net profit -68 MEUR 63 MEUR down 14 MEUR over last year down 5 MEUR over last year 3
Slide 4: Q1 sales up 36 percent in local currencies
Q1 sales up 36 percent in local currencies Net sales MEUR Sales reached 924 MEUR, up 36 percent in local currencies and 38 percent in reported figures. +36% +38% Sales growth was driven by both volume and needed price increases in the first quarter of the year. Reported figures 671 924 Local currenc
Slide 5: Q1 regional sales development
Q1 regional sales development Geographic Growth in local currencies Key developments share of sales Western Europe All markets experienced double-digit growth. MEUR, reported figures Western Europe Especially Germany, the United Kingdom, Italy, France, 32% and the Netherlands contributed to the
Slide 6: Raw material price index shows steep increase in energy
Raw material price index shows steep increase in energy Index 400 Raw materials price development Natural Gas 371 375 FY 2021 = Index 100 350 325 300 275 250 225 Electricity 201 200 175 Coke 166 150 Group 149 Binder 134 125 Pallet 124 Others 116 100 75 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Slide 7: Q1 profitability highly impacted by inflation
Q1 profitability highly impacted by inflation EBITDA & EBIT +12% EBITDA reached 155 MEUR, up 12 percent. MEUR +14% 160 157 155 145 148 146 139 EBITDA margin of 16.8 percent down almost 125 four percentage points compared to Q1 2021. 111 104 100 100 105 102 95 90 EBITDA Sales price increases, pro
Slide 8: Q1 profitability by business segment
Q1 profitability by business segment EBIT Insulation EBIT at 79 MEUR, up 33 percent MEUR +33% 79 compared to last year. 59 -24% EBIT margin was 9.5 percent, down 0.8 percentage Q1 2021 points compared to Q1 2021. Q1 2022 31 Sales price increases did not fully offset the high 23 inflation on ener
Slide 9: Q1 investment activities
Q1 investment activities Investments excluding acquisitions totalled 70 MEUR in Q1 2022 (Q1 2021: 82 MEUR). The largest individual projects were the electrical melter in Flumroc (Switzerland), the new Rockfon line in Poland, the additional Grodan capacity in Canada and the relocation of the factor
Slide 10: Q1 free cash affected by growth-driven working capital
Q1 free cash affected by growth-driven working capital Free cash flow MEUR Q1 free cash flow was -68 MEUR, down 14 MEUR compared to Q1 2021, primarily from higher working capital. Q1: -14 MEUR 89 93 77 Net working capital was 12.4 percent (Q1 2021: 46 12.2 percent) of net sales and ended at 415 MEUR
Slide 11: Building a better future, regenerating our oceans
Building a better future, regenerating our oceans • ROCKWOOL joins forces with One Ocean Foundation in a multi-year global scientific partnership focused on protecting and regenerating our oceans. • One Ocean Foundation formed to accelerate solutions to ocean issues by inspiring international leader
Slide 12: Outlook 2022
Outlook 2022 12
Slide 13: Outlook full year 2022
Outlook full year 2022 1. Sales Sales growth 20-25 percent in local currencies, changed from previously 15-20 percent. 2. EBIT EBIT margin around 13 percent. 3. Investment Investment level around 425 MEUR excluding acquisitions, changed from previously around 500 MEUR. 2022 Outlook overview 9 Februa
Slide 14: Key figures for the Group
Key figures for the Group MEUR Q1 2022 Q1 2021 YoY (%) FY 2021 Income statement Net Sales 924 671 37.7% 3 088 EBITDA 155 139 11.9% 602 EBIT 102 90 13.7% 401 Profit before tax 83 88 -6.3% 393 Profit for the period 63 68 -7.8% 303 Balance sheet Total Assets 3 340 2 866 16.5% 3 080 Equity 2 455 2 185 1
Slide 15: Questions?
Questions? 15
Slide 16: ROCKWOOL Group
ROCKWOOL Group ROCKWOOL A/S Hovedgaden 584 2640 Hedehusene Denmark Phone: +45 4656 0300 CVR No. 54879415 www.rockwool.com/group/ 16