Nilfisk Holding A/s · OMXCOP:NLFSK

Nilfisk Holding A/s — Q3 2019 Earnings Presentation

13 slides from Nilfisk Holding A/s's earnings presentation, Oct 16, 2019

  1. Slide 1: Preliminary results for Q3 2019 and adjusted full-year guidance for 2019

    Preliminary results for Q3 2019 and adjusted full-year guidance for 2019 October 16, 2019

  2. Slide 2: Agenda

    Agenda 1 2 3 4 Preliminary Adjusted full- Timing of mid- Q&A results year guidance term targets for 2019 2

  3. Slide 3: Preliminary results for Q3 2019: Highlights

    Preliminary results for Q3 2019 Highlights • Q3 organic growth in branded professional of -4.7%, YTD -1.1% • Organic growth for the total business in Q3 of -6.8%, YTD -3.4% • Q3 gross margin of 41.5% • Overhead costs ratio of 34.3%. Cost reductions not enough to compensate for lower revenue • EBITDA

  4. Slide 4: EMEA: Organic growth in Q3 affected by economic conditions

    EMEA: Organic growth in Q3 affected by economic conditions Comments • For EMEA organic growth in Q3 was -7.0%, YTD -1.7% • Germany suffering from weakening economic conditions also impacting the rest of EMEA Central region negatively – Q3 organic growth in Germany of -9.9%. Spill-over effect to neig

  5. Slide 5: AMERICAS: Lower organic growth in Q3 than expected

    AMERICAS: Lower organic growth in Q3 than expected Comments • For Americas organic growth in Q3 was -1.1%, YTD 0.7% • Negative growth driven by the US high pressure washer business. Headwind in the agriculture segment and bankruptcy of a large dealer • In the remaining US business we continue to exe

  6. Slide 6: APAC: Lower organic growth in Q3 than expected

    APAC: Lower organic growth in Q3 than expected Comments • For APAC organic growth in Q3 was -5.4%, YTD -4.3% • Australia not improving as expected • Slowdown of growth in China • Singapore affected by lower marine business 6

  7. Slide 7: Preliminary organic growth rates for Q3 2019

    Preliminary organic growth rates for Q3 2019 Organic growth Q3 2019 9M 2019 Comments EMEA -7.0% -1.7% • Negative organic growth of 9.2% in Q3 2019 in the Consumer business in line with expectations Americas -1.1% 0.7% • Private label negatively affected by significantly more APAC -5.4% -4.3% cautiou

  8. Slide 8: Preliminary EBITDA margin before special items

    Preliminary EBITDA margin before special items Gross margin Comments + 0.6% • Q3 EBITDA margin before special items of 7.2% 41.5% • Gross margin improvement of 0.6 percentage points 40.9% driven by: – Simplification initiatives: divestments, production consolidation and pruning of product platforms

  9. Slide 9: Basis for adjusted full-year guidance

    Basis for adjusted full-year guidance Organic growth EBITDA margin before special items • Further slowdown in the German market with a spillover • Reduction in overhead costs not enough to fully effect to the neighboring countries closely linked to the compensate for the lower than expected revenue

  10. Slide 10: Adjusted full-year guidance

    Adjusted full-year guidance Previous guidance Current guidance Status Organic Growth Branded professional Flat organic growth Approximately -3.0% Changed Consumer -10.0% to -15.0% -10.0% to -15.0% Unchanged Private label Flat organic growth -10.0% to -15.0% Changed Total business Approximately -1.0%

  11. Slide 11: Mid-term targets

    Mid-term targets Postponed pending improved visibility on economic conditions • Significant divestments, restructurings and investments carried out during 2018 and 2019. We will continue to reduce costs and optimize operations, which will enable margin expansion • Growth is also a prerequisite for r

  12. Slide 12: Nilfisk

    12 ONilfisk

  13. Slide 13: Forward-looking statements

    Forward-looking statements This presentation and related comments contain forward-looking statements. Such statements are subject to many uncertainties and risks, as various factors, of which several are beyond Nilfisk Holding’s control, may cause that the actual development and results differ mater

Nilfisk Holding — Q3 2019 Earnings Presentation on 6ix