Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q1 2021 Earnings Presentation

17 slides from Lindab International Ab's earnings presentation, May 5, 2021

  1. Slide 1: Lindab Group Q1 2021

    For a better climate TM Lindab Group Q1 2021 5 May 2021 Ola Ringdahl President & CEO Madeleine Hjelmberg Acting CFO

  2. Slide 2: Key highlights Q1

    Key highlights Q1 • Another strong quarter for Lindab. -4% +0.7 pp • Organic growth for Ventilation Systems and Profile Systems. 2,248 8.6% SALES, OPERATING • Record high EBIT margin for a first quarter. SEK m MARGIN (adj) • Continued strong financial position. +131% 105 (133) 60 INVESTMENTS, CASH F

  3. Slide 3: Stable geographic performance in Q1

    Stable geographic performance in Q1 • Solid sales for Ventilation Systems in all regions. Growth • Strong sales for Profile Systems in 51% +1% the Nordic region and CEE/CIS. • Sales decline for Building Systems, mainly in CEE/CIS and Western Europe. Nordic Growth 15% 0% Growth 32% -1% CEE/CIS Wester

  4. Slide 4: Financials

    Financials 4

  5. Slide 5: Lindab Group Q1 financial highlights

    Lindab Group Q1 financial highlights Record high EBIT margin for a first quarter SEK m % Q1 Net sales and EBIT margin • Currency adjusted sales were in line with sales in Q1 the previous year. Construction activity has Q1 continued to recover. Adj. EBIT% • Project related sales were still affected b

  6. Slide 6: Ventilation Systems Q1 financial highlights

    Ventilation Systems Q1 financial highlights All-time high profitability for a first quarter Q1 Net sales and EBIT margin1 SEK m % • Net sales amounted to SEK 1,469 m (1,510), and organically sales increased by 1% during the quarter. Q1 Sales, Adj. EBIT% • Continued sales recovery in most markets, es

  7. Slide 7: Profile Systems Q1 financial highlights

    Profile Systems Q1 financial highlights Strong organic sales growth and continued EBIT- Q1 Net sales and EBIT margin1 margin improvement SEK m % • Net sales amounted to SEK 630 m (587). Organic Q1 Sales, growth corresponded to 10% and was related to Adj. EBIT% growth in most of Profiles Systems’ mar

  8. Slide 8: Building Systems Q1 financial highlights

    Building Systems Q1 financial highlights Continued impact from the effects of covid-19 Q1 Net sales and EBIT margin1 SEK m % • Net sales decreased organically by 28% and amounted to SEK 149 m (235). Q1 Sales, Adj. EBIT% • General market slowdown due to covid-19 as several planned constructions proje

  9. Slide 9: Lindab Group Q1 cash flow

    Lindab Group Q1 cash flow Improved operating cash flow SEK m SEK m Cash flow, operating activities, SEK m • Strengthened cash flow from operating activities. • The improvement in cash flow from operating Quarter activities was primarily related to the quarter’s R 12M change in working capital. • The

  10. Slide 10: Investment program

    ©lLindab’ Investment program

  11. Slide 11: Investments to increase efficiency, capacity and safety

    Investments to increase efficiency, capacity and safety • SEK 105 m invested in Q1, with attractive payback. • Increased automation to improve efficiency. • New equipment to create a safer work environment. • Expansion of regional production facilities to meet increased demand. • New and expanded wa

  12. Slide 12: Building a stronger Lindab

    Building a stronger Lindab 12

  13. Slide 13: Building a stronger Lindab

    Building a stronger Lindab “ To be the leading ventilation company in Europe, specialised in air distribution and air Market leader Local diffusion. Efficient Quality Trusted 13

  14. Slide 14: Lindab - For a better climate

    Lindab - For a better climate FOR EVERYONE FOR CUSTOMERS FOR LINDAB Create healthy Reduce the environmental Drive a sustainable buildings impact from our customers business EU Taxonomy: Best estimate today is 65-70% of revenue 14

  15. Slide 15: Market development

    Market development Rapidly increasing steel prices Steel spot price: Hot-dip galvanized, North Europe Source: SBB • Steel prices started to increase last summer but the price 1 400 >100% increases have accelerated since November. vs July 1 200 • Significant shortage of steel and other raw materials

  16. Slide 16: Key highlights Q1

    Key highlights Q1 • Another strong quarter for Lindab. -4% +0.7 pp • Organic growth for Ventilation Systems and Profile Systems. 2,248 8.6% SALES, OPERATING • Record high EBIT margin for a first quarter. SEK m MARGIN (adj) • Continued strong financial position. +131% 105 (133) 60 INVESTMENTS, CASH F

  17. Slide 17: Thank you! Questions?

    ©lLindab’ Thank you! Questions?

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