Byggmax Group Ab · OMXSTO:BMAX
Byggmax Group Ab — Q4 2024 Earnings Presentation
20 slides from Byggmax Group Ab's earnings presentation, Jan 31, 2025
Slide 1: Q4 Report 2024
Slide 2: Increased sales and profitability during the fourth quarter
INCREASED SALES AND PROFITABILITY DURING THE FOURTH QUARTER Q4 2024 r Sales increased by +7.6% Net sales, SEK M 1073 Profitability continues to improve Net sales growth, % 7.6% EBITA, SEK M r Net debt reduced by 35% vs. last year Strong delivery on 2024 focus areas EBITA-margin, % oO Proposed divide
Slide 3: Everybody has the right to a fantastic home
EVERYBODY HAS THE RIGHT TO A FANTASTIC HOME Strong position on attractive market ® Butiker Showrooms Right assortment store combined with e-com Best price and quick & easy shopping Which builder's merchant do you find to have the lowest price? 67% We care people, society, environment BYGGMAX
Slide 4: Development of macro indicators during 2024
DEVELOPMENT OF MACRO INDICATORS DURING 2024 Inflation rates Consumer confidence House transactions Sweden (R12) 14% 20 — 65 oO c 12% 9 60 10 2 10% ; Ss i) : 50 8% A \ S 45 6% -10 \ 40 4% -20 35 9 2% NS 30 -30 0% 25 2% Inflation last month each quarter 40 20 -2% - Q1Q2Q304.G1 O20304 Q1G20304 G1 Q2Q30
Slide 5: Byggmax Group - 2024
BYGGMAX GROUP - 2024 CASH FLOW FROM NUMBER OF OPERATING SHARE OF E- STORES NET SALES R12 EBITA R12 ACTIVITIES R12 COMMERCE R12 SEK | SEK | SEK 211 | 6.0bn | 233M | 860M | 18%
Slide 6: Focus areas during 2024
FOCUS AREAS DURING 2024 Strengthen balance sheet Operational Excellence Customer offering .
Slide 7: Strengthened balance sheet
STRENGTHENED BALANCE SHEET Inventory Net debt SEK millions SEK millions Optimization of 1608 assortment with focus 5 on relevance and 1281 20% ye baye 1183 profitability 1138 35% . 948 Improved capital efficiency and product availability in stores Stronger cashflow and lower investment level Q4 Q4 Q
Slide 8: Strong operational excellence
STRONG OPERATIONAL EXCELLENCE Opex SEK millions -10% Strong focus on efficiency -4% across the business 1436 1299 1244 Improved logistics Reduced external spend Focus on customer experience — product availability, improved self- service, easy-to-shop 2022 2023 2024 No of stores: 204 209 211 Improved
Slide 9: Improved customer offer
IMPROVED CUSTOMER OFFER Continuous improvement of New stores store experience Operational excellence i , BYGGMAX
Slide 10: Optimization of e-commerce
OPTIMIZATION OF E-COMMERCE Expanded private label Modular houses with more range of conservatories and More made-to-order options greenhouses » BYGGMAX
Slide 11: Improved position to build from
IMPROVED POSITION TO BUILD FROM Elevate Amplify Simplify High customer Improved stores’ Lower cost Well-balanced Strengthened &e-com inventory balance sheet (Net debt excl IFRS16) -13% -29% a HH a 2022 2024 2022 2024 2022 2024
Slide 12: Q4 with increased sales and sustained strong gross margin
Q4 WITH INCREASED SALES AND SUSTAINED STRONG GROSS MARGIN Sales development SEK M Gross margin % 1073 35,2 998 34,5 . 5 Sales increased by 7.6% Growth in both Sweden and Nordics Net 2 new stores in 2024 in total 211 stores at year end Margin improvements from effective purchasing and optimization of
Slide 13: Sales growth and improved profitability
SALES GROWTH AND IMPROVED PROFITABILITY Q4 EBITA, SEK M Total OPEX The improved profitability in the quarter is driven bya combination of increased sales and strengthened gross margin 30 i H i — 2 : Lowered cost base after 2 i 43 LL} ——— years of cost cutting Depreciation from increase in lease stor
Slide 14: Sales growth in second half of 2024
SALES GROWTH IN SECOND HALF OF 2024 R12 Sales, SEK M 7500 7000 6500 Revenue growth in the second half of 6000 the year mainly driven by Sweden, supported by a gradual improvement in the Nordics 5500 5000 Q4 Qi Q2 Q3 Q4 Qi Q2 Q3 Q4 2022 2023 2023 2023 2023 2024 2024 2024 2024
Slide 15: 2024 improved profitability through strategic focus
2024 IMPROVED PROFITABILITY THROUGH STRATEGIC FOCUS 2024 EBITA, SEK M Improved profitability in 2024 Total OPEX from increased gross margin and focused cost reductions | 64 or _- i a | . a “16 = — 233 Cost base adjusted to sales 24 . 7 volume, more efficient administration and reduced 7 project acti
Slide 16: Strong cash generation and low investment level
STRONG CASH GENERATION AND LOW INVESTMENT LEVEL Cash flow from operating activities Investing activities SEKM SEKM 860 146 781 Improved cashflow from enhanced 80 profitability Condensed investment activity in new stores and store upgrades in 2024 FY 2023 FY 2024 FY 2023 FY 2024
Slide 17: Significantly reduced net debt
SIGNIFICANTLY REDUCED NET DEBT Net debt excl IFRS 16 SEKM Net debt excl IFRS 16 94a 4.2024 S E K 61 8 M Net debt reduced 330 M Z Net debt/EBITDA in Q4 at 1.6x 618 330M vs. Q4 2023 compared to 2,8x last year Committed credit facilities Average net debt leverage last 12 Q4 2024 month below financial t
Slide 18: Byggmax at a glance
BYGGMAX AT A GLANCE Clear low price position WHICH BUILDER’S MERCHANT DO YOU FIND TO HAVE THE LOWEST PRICES? 67% % 89 ss 8% 4% 3% 2% 1% a6 eS Be ite Byggmax Bygarapporten 2024, KantarSifo Modern low-price concept combined with high customer satisfaction and a relevant product range 18 Widespread sto
Slide 19: Ready for the future
READY FOR THE FUTURE aly Market @- develop- ment Improved g position to build from © Ready for Si the future Gradually increasing consumer confidence, lower interest rates, and more housing transactions This year’s efforts have built a solid foundation — high customer satisfaction, stronger balance
Slide 20: Är smart handla billigt
[AR SMART HANDLA BILLIGT