Slide 1: Q3 report
2024 Q3 report Webcast 5th March Roland Kasper CEO Anders Ulff CFO 1
Slide 2: Agenda
Agenda 01 Systemair in short 02 Third quarter quick summary 03 Strategy update 04 Q3 Financials 05 Third quarter order highlights 06 Q&A 2 Systemair Q3 | 2024
Slide 3: Systemair in brief
Systemair in brief 1974 51 Number of Operating from the core values of simplicity Established at HQ countries with and reliability, our business concept is to in Skinnskatteberg, own sales develop, manufacture and market energy- Sweden companies efficient, high-quality ventilation products. 1,100 18
Slide 4: Markets
Markets 14% 17% 12% We have a global and diversified customer base. This provides us with a 12% solid foundation for profitable growth 45% and high resilience. 17 % 45 % 12 % 12 % 14 % Nordic region Western Europe Eastern Europe North America Other markets (19) (45) & the CIS (12) (11) (13) 4 System
Slide 5: A normalized Q3 / Strategic update
Menerga factory relocation A normalized Q3 In November, the decision was announced to relocate Menerga's Systemair's third quarte r is pro-duction facility to Maribor in norm ally our soft quarte r, with Slovenia. The decision is a the e xce ption of the pre vious milestone in Systemair’s profit ye
Slide 6: Net sales
Net sales 3.043 2.827 25.0 0.1 % 20.0 Organic 2.278 15.0 Growth 10.0 5.0 0.0 Q3 17/18 Q3 19/18 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 -5.0 -10.0 -7.1 % Growth Q3 Q3 Q3 Organic quarterly growth 2021/2022 2022/2023 2023/2024 Organic growth R12 6 Systemair Q3 | 2024
Slide 7: Growth analyze Q3
Growth analyze Q3 Organic 0.1% -3.4% -3.8% -7.1% Organic growth in all regions except the Nordic region and Western Europe. Organic Acquisitions/ Currency Total Acquisitions Divestments Main impact from the divestment of the AC business. Currency Strengthened SEK against EUR, USD and CAD. 7 Systemai
Slide 8: Geographic breakdown Q3
Geographic breakdown Q3 2023/24 Nordic region Change in Of which Nov – Jan sales organic Several markets negative. Norway robust 3 mths despite residential exposure. Nordic region 534.7 -9.0% -6.3% Western Europe Strong comparables, LYQ org growth (32%). Positive in FR, UK and ES, negative in DE. We
Slide 9: Adjusted Operating profit Q3
Adjusted Operating profit Q3 277 The gross margin amounted to 33.9 percent (34.2) as a result of changed product mix and lower capacity utilization at 198 certain production facilities. The adjusted operating profit for 131 the third quarter amounted to SEK 198 million 108 (277) The operating margi
Slide 10: Adjusted Profit after tax Q3
Adjusted Profit after tax Q3 170 Net financial items for the third quarter amounted to SEK –62.3 million (-59.1). 101 95 Currency effects on long- term receivables, loans and 71 bank balances amounted to a net of SEK –44.7 million (-37.5). Interest expenses for the quarter amounted to SEK -20.8 mill
Slide 11: Cash flow analysis Q3
Cash flow analysis Q3 Q3 2023/24 Q3 2022/23 Cash flow from 59.2 274.6 operating activities Change in working capital 343.7 4.1 Net investments, excl -21.7 -33.8 acqusitions Free cash flow 381.2 244.9 Net debt 1,079.3 2,617.0 Changes in working capital mainly due to decreased inventories -113 (-16) a
Slide 12: Sustainability highlights
Sustainability Work-related injuries with sickness absence, LTIFR1 highlights 30 Our continuous efforts to reduce work- 23.9 related injuries have paid off and we see a clear positive trend. We have 20 17.2 reinforced our structure, processes and 14.8 follow-up that has led to a more reliable and sa
Slide 13: Systemair wins data centre orders in France
Systemair wins data centre orders in France Systemair has received two orders for data centre projects in France with a total order value of 3.5 MEUR. The first order is for 44 air handling units for a data centre in Paris, to be delivered after summer 2024. The order for the project in Bretagne inc
Slide 14: Systemair receive order to World Class cruise ships
Systemair receive order to World Class cruise ships Systemair has been awarded a contract to supply special marine units and ventilation systems for two new World-Class cruise ships. Deliveries are expected to occur between September 2024 and September 2026, with a total contract value of more than
Slide 15: Systemair chosen to supply to large Indian energy company
Systemair chosen to supply to large Indian energy company Waaree Energy is today one of the largest vertically integrated energy companies with headquarters in Mumbai, India. Systemair delivers 67 air handling units and 604 cooling modules with an order value of 2.2 million Euro. 15 Systemair Q3 | 2
Slide 16: Q&A
Q&A 16 Systemair Q3 | 2024
Slide 17: SYSTEMAIR.COM
nth > ie) 0 aw ¢ > fi E o ba a