Solar A/s Class B · OMXCOP:SOLAR_B
Solar A/s Class B — Q3 2019 Earnings Presentation
12 slides from Solar A/s Class B's earnings presentation, Oct 31, 2019
Slide 1: Q3 2019 Quarterly Report
Q3 2019 Quarterly Report Presentation by Jens E. Andersen, CEO Michael H. Jeppesen, CFO 31 October 2019
Slide 2: Agenda
AGENDA 1. Business update and strategic focus areas 2. The results we achieved in Q3 and Q1-Q3 2019 3. Outlook 2019 4. Q&A 2
Slide 3: Business update on sustainable business
BUSINESS UPDATE ON SUSTAINABLE BUSINESS We keep focusing on energy-efficient solutions to drive the green transition • Our green and digital approach combined with our TCO mindset underpin a responsible use of resources in all aspects. • In Norway, our focus on electrification and renewable energy h
Slide 4: Business update on our strategic focus areas
BUSINESS UPDATE ON OUR STRATEGIC FOCUS AREAS We expand the number of products and increase efficiency at the same time Strategic suppliers: • Without increasing the number of stock-keeping units, we are constantly expanding the number of products we have available, i.e. from our current 215,000 to a
Slide 5: In Q3, Solar again saw solid growth
IN Q3, SOLAR AGAIN SAW SOLID GROWTH Adjusted organic growth Organic growth, adjusted for Solar Group increased to 6.3% no. of working days • Positive adjusted organic growth 7% Q3 Q3 across all markets in core business. 2019 2018 6% • Organic growth in Solar Norge and Revenue, DKK m 2,777 2,539 Sola
Slide 6: In Q3, EBITA was up by DKK 12m
IN Q3, EBITA WAS UP BY DKK 12M Q3 EBITA margin increased Q3 EBITA margin Solar Group to 3.8% development • The EBITA increase was driven by 6.0% Q3 Q3 improvements in Solar Norge and 2019 2018 Solar Nederland. 0.4% 0.0% -1.2% 5.0% 1.3% Revenue, DKK m 2,777 2,539 • Change in product and customer mix
Slide 7: In Q3, core business increased EBITA to DKK 111m
IN Q3, CORE BUSINESS INCREASED EBITA TO DKK 111M Strong development in EBITA, Solar Group especially in Solar Norge DKK million Core business Related business 115 3 111 Q3 Q3 Q3 Q3 110 3 2019 2018 2019 2018 10 105 Revenue, DKK m 2,642 2,402 135 137 100 99 0 -4 EBITA, DKK m 111 99 -6 -6 95 Adj. organ
Slide 8: In Q1-Q3, core business increased EBITA to DKK 258m
IN Q1-Q3, CORE BUSINESS INCREASED EBITA TO DKK 258M Improved EBITA in Q1-Q3 for both core and Solar Group related business DKK million Core business Related business 250 4 245 23 Q1-Q3 Q1-Q3 Q1-Q3 Q1-Q3 2019 2018 2019 2018 230 218 Revenue, DKK m 8,172 7,678 430 411 210 EBITA, DKK m 258 235 -13 -17 1
Slide 9: In Q3, total cash flow at DKK 16m
IN Q3, TOTAL CASH FLOW AT DKK 16M Cash flow, Cash flow, total operating activities DKK million DKK million 250 160 15 144 21 -8 140 -2 140 200 144 -40 120 100 -88 150 80 60 100 40 -2 20 61 47 -22 50 0 -20 0 -40 Q2 2019 Oper. act. Inv. act. Fin. act. FX Q3 2019 Net profit Depr., Tax & adj. Invent. Re
Slide 10: Development in net working capital (NWC) and net interest-bearing debt (NIBD)
DEVELOPMENT IN NET WORKING CAPITAL (NWC) AND NET INTEREST-BEARING DEBT (NIBD) The acquisition of business activities NIBD and gearing impacted by the impacted NWC negatively by approx. 0.2% implementation of IFRS 16, Leases DKK million NWC% DKK million Gearing, no. of times 1,400 14.0% 1,400 3.0 1,3
Slide 11: Guidance 2019
GUIDANCE 2019 Reconfirmation of 2019 EBITA of DKK 365m Solar Group • We reconfirm our market outlook for 2019. DKK million Core Related Group • Our group revenue guidance has been changed from at least 2017, publ. 12.01.2018 309 -45 264 DKK 11.6bn to approx. DKK 11.75bn with an organic growth of app
Slide 12: Time for Q&A
TIME FOR Q&A Solar is a leading sourcing and services company Our core business centres on product sourcing, value-adding services and optimisation of our customers’ businesses 12