Sdiptech Ab Class B · LSIN:0AAV
Sdiptech Ab Class B — Q4 2021 Earnings Presentation
25 slides from Sdiptech Ab Class B's earnings presentation, Feb 10, 2022
Slide 1: Year-End Report October – December 2021
Year-End Report October – December 2021 February 10, 2022 Creating sustainable, efficient and safe societies
Slide 2: Today's presenters
Today’s presenters Jakob Bengt Holm Lejdström CEO CFO ▪ Joined Sdiptech in 2014 ▪ Joined Sdiptech in 2018 ▪ 334,983 Class B shares (through ▪ 78,615 Class B shares, 500 Preference Currussel AB), 940 Preference shares shares and 83,100 warrants and 176,000 warrants ▪ Background: CFO Lagercrantz Group
Slide 3: Fourth quarter, Financial development, Outlook
2021 Fourth quarter Financial development Outlook 3
Slide 4: An infrastructure technology group
CREATING SUSTAINABLE, EFFICIENT AND SAFE SOCIETIES An infrastructure technology group 2,719 18.7% 47% 36% MSEK Net Sales EBITA*-margin Growth EBITA* CAGR EBITA* LTM Q4 2021 LTM Q4 2021 YTD Q4 2021 2016 – Q4 2021 Sources: Sdiptech Financial reports, LTM Q4 2021 4
Slide 5: Sdiptech's overall goal is to create value by increasing profits every year
Sdiptech’s overall goal is to create value by increasing profits every year 509 ▪ Sdiptech’s overall goal is to create sustainable, long-term value growth by consistently increasing profits, every year 347 ▪ Sdiptech’s business model is designed to acquire niched companies and develop them to their
Slide 6: Strong year with several value creating activities
Strong year with several value creating activities ▪ Consistent strong demand during volatile period ▪ 10.7% organic net sales growth excl. currency effects ▪ Margin expansion continued ▪ 18.7% 2021 vs 16.6% 2020 EBITA*-margin (guidance for 2022: 19-20%) ▪ Customers in container ports have had to po
Slide 7: Resource related problems
Resource related problems Water and Energy are resource related problems higher demand than existing supply With that perspective, other areas are also a natural fit for Sdiptech
Slide 8: Forthcoming outlook
Forthcoming outlook Resource Efficiency Water & Sanitation Power & Energy Bioeconomy Waste management Water production, Energy generation, The use of renewable Waste reduction, distribution, distribution, biological waste management, management, management resources such as recycling, reuse, efficie
Slide 9: Acquisitions 2021
Acquisitions 2021 Business EBITA Company Period Region 160 158 Area mSEK Acquired 2021 150 Rolec Resources 140 Services Efficency Q1 2021 UK 82 130 Special 120 Ficon Infrastructure Q2 2021 FI 4 Solutions 110 Resources IDE Systems Q3 2021 UK 22 100 94 Efficency EBITA MSEK 93 90 Special 90 83 Certus I
Slide 10: Fourth quarter
2021 Fourth quarter Financial development Outlook 10
Slide 11: Acquisition in Q4: Welcome Certus Automation
Acquisition in Q4: Welcome Certus Automation ▪ Annual sales of EUR 19 million, EUR 5 million in profit ▪ Global provider of solutions for automation in ports, terminals and logistics distribution centers ▪ Contributes to SDG target: 8.8 and 9.4 ▪ Included in the Special Infrastructure Solutions busi
Slide 12: Acquisition (in Q1-22): Welcome Agrosistemi
Acquisition (in Q1-22): Welcome Agrosistemi ▪ Annual sales of EUR 8.5 million, EUR 2 million in profit ▪ Specialising in the treatment and recovery of biological sludge originated by wastewater purification ▪ Contributes to SDG target: 2.4, 9.4, 11.6, 12.5, and 15.3 ▪ Will be included in the Resourc
Slide 13: Financial development
2021 Fourth quarter Financial development Outlook 13
Slide 14: Group sales & EBITA*-margin
Group sales & EBITA*-margin MSEK +30% 2,800 2,719 25% 2,574 Sales by country 2,600 2,444 2,400 2,262 11% 2,200 18.7% 20% 2,088 17.4% 17.6% 17.7% 1% 1% 2,000 30% 16.6% 2% 1,825 5% 1,800 14.4% 15% 13.9% 1,600 1,496 1,400 11.8% 11.4% 1,200 1,078 10% 1,000 776 800 50% 600 5% 400 200 Sweden Netherlands O
Slide 15: EBITA* & EBITA*-margin
EBITA* & EBITA*-margin MSEK +47% Quarter 550 25% 509 500 ▪ EBITA* increased by 52.0%, as of 34.9% organic 457 450 ▪ EBITA* margin of 20.5% 431 20% 393 18,7% 400 347 17,4% 17,6% 17,7% YTD 16,6% 350 ▪ EBITA* increased by 46.7%, 14,4% 15% of which +8.1% organic, +52.8% acquired, -9.8 % 13,9% 300 divest
Slide 16: Water & Energy (Resource Efficiency from next report)
Water & Energy (Resource Efficiency from next report) Quarter 1 028 25% 892 24,3% ▪ Sales increased by 82.8% to SEK 301.3m (164.8) 23,5% 22,8% 22,7% 21,9% ▪ Largely driven by the newly acquired business units 20,8% 20% 780 Rolec and IDE 19,1% 670 ▪ Also, solid organic growth in several business unit
Slide 17: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter ▪ Sales increased by 1.9% to SEK 447.7m (439.5) 25% Net Sales (SEK m) 1 664 1 683 1 691 ▪ Most of the business units within the area had a 1 592 continued solid sales growth during the quarter EBITA* margin (%) 1 473 20% ▪ Some, e.g. the Group's business unit
Slide 18: Additional metrics
Additional metrics Cash conversion, EPS 1) from ops (SEK per share) Net financial Net debt/ debt/EBITDA EBITDA2) Strong cash Q4 2021 92% 1.21 flow in the end (137%) (1.05) of the year 1.20 3.38 (0.84) (2.74) Adjusted for LTM Q4 71% 6.55 capital gain/loss from previous 2021 (109%) (6.18) divestments
Slide 19: Outlook
2021 Fourth quarter Financial development Outlook 19
Slide 20: Looking ahead
Looking ahead Resilience and profitable growth throughout the whole pandemic ▪ Unchanged view on a growing customer demand - infrastructure is always needed ▪ High sick leave in beginning of 2022 which can result in delayed deliveries 2020 2021 Financial goal Organic Sales 3,5% 10,7% n/a Organic EBI
Slide 21: Thank you for listening
Thank you for listening > SDIPTECH
Slide 22: Appendix
Appendix > svITECH
Slide 23: Management Team and Board of Directors
Management Team and Board of Directors Management Jakob Holm 334,983 (Class B), 940 (Pref) 176,000 (Warrants) Fredrik Navjord 36,809 (Class B) 50,000 (Warrants) CEO Axholmen, General Electric, Accenture Head of Metric, Addtech, Volvo M.Sc. KTH Royal Institute of Technology Water & Energy M.Sc. Chalm
Slide 24: Ownership 31 January 2021
Ownership 31 January 2021 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Swedbank Robur Fonder 3,376,909 9.10% 6.13% Vulcan Value Partners, LLC 3,373,540 9.09% 6.12% Handelsbanken Fonder 2,514,898 6.78% 4.56% Invesco 2,356,206 6.35% 4.28% Ashkan Pouya 1,000,000 1,181,967 5.88% 20.29% Kabouter Management
Slide 25: EBITA* → Net profit
EBITA* → Net profit Full Year Full Year 2021 Q4 2020 Q4 2021 2020 Net Sales 749.1 604.3 2,718.9 2,088.0 Operational costs -595.9 -503.5 -2,209.6 -1,740.7 Profit from operations, EBITA* 153.2 100.8 509.3 347.3 EBITA*, best representation of the profits from the ongoing operations Acquisition costs -3