Fasadgruppen Group Ab · OMXSTO:FG
Fasadgruppen Group Ab — Q2 2024 Earnings Presentation
11 slides from Fasadgruppen Group Ab's earnings presentation, Aug 15, 2024
Slide 1: 6m-2024 results
6m-2024 results Fasadgruppen Group AB 15 August 2024 © Fasadgruppen
Slide 2: Highlights | Second quarter 2024
Highlights | Second quarter 2024 ▪ Tough competition in Sweden remaining, but some companies are experiencing an improved situation ▪ Measures taken on both local and central level such as CEO changes and co-operations between selected subsidiaries ▪ Development of growth strategy through start-up o
Slide 3: Net sales | Q2 2024
Net sales | Q2 2024 MSEK +3.9% -4.2% -0.1% ▪ Total decrease of 0.5% ▪ Revenues down 4.2% organically* ▪ Swedish operations exhibiting an organic decline -0.5% net sales growth ▪ Norway, Denmark and Finland are growing organically rgani F uisi ns MSEK, quarter MSEK, LTM 1600 6000 1400 5000 1200 1000
Slide 4: Adjusted EBITA | Q2 2024
Adjusted EBITA | Q2 2024 2024 2023 2024Q2 2023 ▪ Adjusted EBITA margin at 6.2% (9.7%) SEK million Q2 Q2 Δ 12m 12m Δ ▪ Tough competition; double the ordinary amount of Adjusted EBITA 81.2 127.5 -36.3% 347.9 448.0 -22.3% Adj. EBITA margin 6.2% 9.7% 6.9% 8.8% competing offers on each project ▪ Impact f
Slide 5: Order backlog | 30 Jun 2024
Order backlog | 30 Jun 2024 MSEK ▪ Order backlog decrease of 16% organically +2.8% -16.2% -1.4% ▪ Decreasing organic order backlog in Sweden, Norway and Finland -14.9% order backlog growth ▪ Order backlog margin continues to increase un rgani F uisi ns un compared to last year and Q1 2024 MSEK, quar
Slide 6: Cash flow | Q2 2024
Cash flow | Q2 2024 2024 2023 2024Q2 2024 ▪ Decrease in operating cash flow due to weaker SEK million Q2 Q2 Δ 12m 12m Δ earnings compared to comparison quarter Operating cash flow 92.2 116.1 -20.5% 465.1 547.6 -15.1% Δ Working capital 10.2 31.3 116.9 123.9 ▪ Activities to improve cash flow continue
Slide 7: Financial capacity and net debt | Jun 2024
Financial capacity and net debt | 30 Jun 2024 Type Amount (SEKm) SEK million 30 Jun 2024 31 Dec 2023 Revolving credit facilities (SEK, NOK & DKK) 628.2 Interest-bearing debt 1,640.6 1,539.7 Term loans 1,017.5 Lease liabilities (+) 182.3 168.1 Total current facilities 30 Jun 2024 1,645.7 Cash and cas
Slide 8: Start-up: Elenta Solar Sverige
Start-up: Elenta Solar Sverige ▪ Will offer solar cell solutions to property owners primarily in Stockholm and the Mälardalen area ▪ Strong cross-selling opportunities with existing operations ▪ Start-ups can complete the M&A strategy when the opportunity arises 8
Slide 9: M&A development – acquisitions post Q2
M&A development – acquisitions post Q2 Acquisition Location Niche Revenues in past financial Completed year Oslo, Norway Scaffolding NOK 185 million August 2024 Saltsjö-Boo, Sweden Steel structures and SEK 31 million July 2024 forging ▪ Brenden also includes 15% of ProStillas ▪ Several signed LOIs ▪
Slide 10: Concluding remarks
Concluding remarks ▪ Tough competition remains, but some subsidiaries see an improvement ▪ Structural measures taken where needed ▪ Focus to decrease net debt/EBITDA back to target level ▪ Many ongoing M&A dialogues, several LOIs signed ▪ Positioned to capitalise on long-term market drivers, especia
Slide 11: Q&A
Q&A Martin Jacobsson, CEO Casper Tamm, CFO Adrian Westman, Head of Comms & Sustainability