Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Investor Day (June 2022)
89 slides from Lindab International Ab's investor day presentation, Jun 20, 2022
Slide 1: Welcome to Lindab's capital market event!
Welcome to Lindab’s capital market event! 1
Slide 2: Welcome and introduction
For a better climate TM Welcome and introduction 20 June 2022 Capital market event Ola Ringdahl President & CEO
Slide 3: The new Lindab
The new Lindab 3 year strategic transformation is completed 2017 2021 Business areas 3 2 Countries 32 20 Employees 5,100 4,500 Sales 8,242 9,648 EBIT (adj), MSEK 492 1,266 EBIT (adj), % 6.0 13.1 3
Slide 4: Lindab – trusted supplier in turbulent times
Lindab – trusted supplier in turbulent times Covid-19 Raw material shortage War in Ukraine 4
Slide 5: Financial targets
Financial targets Growth rate (continued business from 2021) % 30 25.1 25 20 The annual growth rate should exceed 10 percent, 15 >10% 8.9 10 3.7 3.3 as a combination of organic and acquired growth. 5 0 -5 -10 -5.2 2017 2018 2019 2020 Q1/22 R12 Adj. EBIT % (continued business from 2021) % 16 14 13.6
Slide 6: Today's agenda
Today’s agenda 13.00 Welcome and introduction Ola Ringdahl, President & CEO Ventilation of the future Joakim Lönnberg, Director of Region North Europe Advanced ventilation systems Olof Christensson, Director of Division Ventilation Systems Jan Behrens, Manager Project Support Customer presentation b
Slide 7: Ventilation of the future
Ventilation of the future 20 June 2022 Capital market event Joakim Lönnberg Director Region North Europe
Slide 8: Ventilation is in the news
Ventilation is in the news Amazon Chief Health Officer, Vin Gupta: The biggest health challenge for public and work spaces this century will be ventilation and air quality. Air quality at work is directly correlated to brain function and productivity. We spend 90% of our live, or 72 years of an 80-y
Slide 9: An Roinn Oideachais
An Roinn Oideachais Department of Education Practical Steps for the Deployment of Good Ventilation Practices in Schools V3 May 2021 The implementation of the COVID-19 Response Plan is the means through which schools can best prevent the introduction and spread of COVID-19 and demonstrate that they a
Slide 10: 1. We need to build energy efficient houses
1. We need to build energy efficient houses The European project Excess is investigating how more plus-energy houses can be built in four different countries and climates. Jukka Lehtonen from the Helsinki area talks about solar panels, geothermal heating and new smart systems that make the buildings
Slide 11: 2. The outdoor air affects our health
2. The outdoor air affects our health Indoor air can be as much as 5 times more polluted than outdoor air.
Slide 12: 3. Good ventilation protects you from getting sick
3. Good ventilation protects you from getting sick The virus that causes COVID- 19 spreads easily in indoor and poorly ventilated settings (WHO) 12
Slide 13: We need to understand what bad air does
We need to understand what bad air does Red ear indicates unhealthy sound level Red circle shows unhealthy air CO2 13
Slide 14: How do the air affect us - when we need to perform
How do the air affect us - when we need to perform In learning In sports In business
Slide 15: Solutions for ventilation and indoor climate
Solutions for ventilation and indoor climate • The air outside can be hot, cold or dirty • The air indoor we can control – Right amount of air – Right temperature – Clean air – Low energy consumption – Ventilate out used air (CO2) – Move from local to connected systems 15
Slide 16: The future is to be “live” and connected
The future is to be “live” and connected New construction Renovation DCV ONE Ultra BT The DCV system is an intelligent ventilation With Ultra BT you get demand-controlled system based on variable air flow and indoor ventilation as a retro-fit to your current climate parameters. system. No wires requ
Slide 17: Thank You! Questions?
90% 5 times We spend an average of 90% of our time indoors. Indoor air can be 5 times as polluted as outdoor air. Thank You! Questions? 17
Slide 18: Advanced ventilation systems
Advanced ventilation systems: Lindab Experience centre as an example 20 June 2022 Capital market event Jan Behrens, Dipl. Ing. (FH) Lindab Innovation Hub
Slide 19: Lindab Experience Center and Head Office
Lindab Experience Center and Head Office What is behind the ceiling? 19
Slide 20: Lindab Experience Center and Head Office
Lindab Experience Center and Head Office World best indoor climate solution! 20
Slide 21: What makes a good indoor climate?
What makes a good indoor climate? Influenceable factors • Room Temperature • Air velocity inside the occupied zone • Impact on Activity Level • Impact on Clothing • Humidity • Air quality • Sound level • Lightning 21
Slide 22: What makes a good indoor climate?
What makes a good indoor climate? Classification of indoor climate parameters: From EN 15251 (New EN 16798) 22
Slide 23: What makes a good indoor climate?
What makes a good indoor climate? 23
Slide 24: Indoor climate simulation
Indoor climate simulation Lindab ITsolutions is a software package designed to develop optimal and reliable ventilation solutions in the shortest possible time. TeknoSIM www.LindQST.com CADvent plugin Lindab VentTools Heating an cooling load calculations, operative Online application to select, conf
Slide 25: Indoor climate simulation
Indoor climate simulation ACAD/Revit –> TEKNOsim -> LindQST -> MagiCAD - Data transfer 4 1 3 Ventilation system layout 5 2
Slide 26: Selected Products: Chilled beam Plexus
Selected Products: Chilled beam Plexus
Slide 27: Selected Products: Ultra Link Flow regulation
Selected Products: Ultra Link Flow regulation UltraLink is a strong key component for any demand controlled ventilation system. With the ultrasonic sensor technology, UltraLink measure airflow, velocity and temperature with a very high precision and reliability. High precision measurement No unnec
Slide 28: Selected Products: LRCA Sound attenuator
Selected Products: LRCA Sound attenuator LRCA is a circular straight silencer designed to significantly reduce any noise in ventilation systems. Whilst maintaining a low profile which permits installation into tight spaces without loss of performance. Fulfils tightness class D. Insulation thicknes
Slide 29: Indoor climate simulation
Indoor climate simulation Result: Best indoor climate at each day of the year But what about the energy costs? 29
Slide 30: CAV versus VAV versus DCV
CAV versus VAV versus DCV Airflow 300 CAV = Constant air flow (orange) 250 VAV = variable air flow (green) 200 DCV = Demand controlled airflow (blue) 150 100 Lindab Pascal is a DCV solution 50 with fan optimizer function 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Energy 4,00
Slide 31: Lindab Pascal system
Lindab Pascal system
Slide 32: Energy consumption, cost and CO2 emissions
@ Energy Consumption r < ) Energy Cost co.) COx Emissions Energy use by the different systems on the: Energy costs for the different systems on the CO, emission generated by the different selected conditions selected conditions systems on the selected conditions as kvm ear 1261700, l ] ono. 17100 2.
Slide 33: Welcome to the building with the best indoor climate
Welcome to the building with the best indoor climate. Developed, supported and produced by Lindab. 33
Slide 34: Thank you! Questions?
Thank you! Questions?
Slide 35: A good building makes a difference. That's why Bravida exists.
A good building makes a difference. That’s why Bravida exists. Bravida Mattias Johansson, CEO & Group President 21.04.2021
Slide 36: We provide assistance with all the technical functions of the property
We provide assistance with all the technical functions of the property Each Bravida branch focuses on one of our many areas of technical specialisation. But as a Bravida customer, you have access to all our technical expertise! Together, our branches make sure all the technology in your building or
Slide 37: Bravida - Nordic leader in sustainable technical solutions
Bravida - Nordic leader in sustainable technical solutions Business highlights Sales split based on 2021 sales 22% 6% 9% Net sales by type of facility Industry,18% 13% Apartments,16% Bravida is the premier 16% Office,12% Represented in 22% 18% multi-technical service 18% Healthcare,11% around 170 lo
Slide 38: Market drivers
Market drivers Energy efficient building solutions - installation Energy optimisation in buildings – service High energy costs Increased complexity in buildings EU Green-Deal – renovate buildings EU taxonomy – climate change mitigation
Slide 39: Market outlook
Market outlook • Still good demand for service and installation • Growing demand for sustainable and energy efficient solutions • Rising raw material prices • Risk for material shortage • Uncertain times, increasing interest rates and inflation may lead to delays in investment decisions going forwar
Slide 40: Bravida's ventilation business at a glance
Bravidas ventilation business at a glance,17% of total sales 2021 Sales by Technology 9% • In 2021 12% of total sales related to installation of new ventilation equipment 17% Electric,44% 44% H&P, 30% • Largest type of faclities: industry, dwellings, HVAC, 17% healthcare and education Other, 9% 30%
Slide 41: Lindab
Lindab - Nordic Preferred Supplier of Ventilation Products 1,7 million Finland articles Norway +30% +48% Supply over 30 Sweden Bravida Branches +22% Denmark +33% Nordic Agreement with a yearly spend >250MSEK 41
Slide 42: Why do we see a positive trend?
MSEK Why do we see a positive trend? 2022 2021 2020 2019 2018 Local Trusted Quality Efficient Key factors 25 42
Slide 43: Bravida Strategy Lindab strategy
How we need to work to create a sustainable business Sustainable Buildings Bravida Strategy Lindab strategy Transparency and Trust Sustainable Elimination of Standardization Efficiency Cost awareness solutions waste 43
Slide 44: Bravida and Lindab – The Bus terminal Slussen
Bravida and Lindab – The Bus terminal Slussen Manufacture of pipes at the workplace in Stockholm Saves 220 tons of Co2 = 220 return ticket flights Stockholm - Rom Transport between Ängelholm and Stockholm is eliminated 44
Slide 45: Potential energy saving by replacing old ventilation equipment
Potential energy saving by replacing old ventilation equipment, 20 % 45
Slide 46: Bravida's relation to Lindab
Bravidas relation to Lindab • Lindab delivers high quality HVAC solutions • Focus on sustainable products • Long purchasing contracts – ^support delivery plans and stable price levels • Reliable and accessible partner 46
Slide 47: Q&A
Q&A ~+>bravida
Slide 48: We bring buildings to life.
We bring buildings to life. ~>bravida
Slide 49: Coffee break
Coffee break 49
Slide 50: Lindab M&A
Lindab M&A 20 June 2022 Capital market event Lars Christensson Director of Business Development and M&A
Slide 51: We look for quality companies which easily can be plugged into Lindab
We look for quality companies which easily can be plugged into Lindab 1. Quality companies 2. Internal commitment 6. Direct and clear contact future belonging What makes us interested 3. Owner 5. Win-win managed synergies companies 4. Small in size relative Lindab 51
Slide 52: Our focus is add-on acquisitions and strategic investments
Our focus is add-on acquisitions and strategic investments Strategy 3rd level, technical F. Strengthen competence technical competence G. Multi- C. Grow in attractive product D. Complement national 2nd level, products areas existing offering ventilation companies E. Consolidate in strong product are
Slide 53: EKOVENT. WE LEAD THE AIR
EKOVENT. WE LEAD THE AIR
Slide 54: About EKOVENT
WE LEAD THE AIR About EKOVENT
Slide 55: Introduction
WE LEAD THE AIR Introduction The best, the most and the latest in ventilation and fire protection EKOVENT is a Malmö based company that for nearly 50 years has developed, produced and marketed products in ventilation and fire protection. With own factories, R&D and local sales offices we produce pro
Slide 56: WE LEAD THE AIR
WE LEAD THE AIR Page 56 2020-08-19
Slide 57: Ekovent key facts
WE LEAD THE AIR Revenue Founded 150 MSEK 1972 Göteborg Regional office Employees Helsingborg 70 Regional office Stockholm Regional office Vellinge Head office Page 57 2020-08-19
Slide 58: Product range
WE LEAD THE AIR Product range
Slide 59: A wide product range
WE LEAD THE AIR A wide product range Our range includes many well-known products, but we often launch new innovations that we know our customers need. In our wide ventilation program you will Fire protection Roof hoods Louvres find, among other things, fire dampers, roof hoods, louvres, dampers, fan
Slide 60: Highlights from being acquired by Lindab
WE LEAD THE AIR Highlights from being acquired by Lindab
Slide 61: Investments
WE LEAD THE AIR Investments • How can we transform Ekovent to manage future challenges? • Strong company as ”mother” • Open for investments according to investments requirements Page 61 2020-08-19
Slide 62: Sales
WE LEAD THE AIR Sales ”It’s about collaboration not incorporation” - Common customers - common agreements - Using common sales channels to develop sales - Local presence - Participation in Lindabdagarna Page 62 2020-08-19
Slide 63: Purchasing
WE LEAD THE AIR Purchasing • Optimize sourcing • Market knowledge Page 63 2020-08-19
Slide 64: R&D More possibilities
WE LEAD THE AIR R&D More possibilities • Access to high tech laboratories • Experts in special fields • Support in the development process Page 64 2020-08-19
Slide 65: And much more…..
WE LEAD THE AIR And much more….. • Internal control – including the whole company • Sustainability • Mapping the company • Sustainability reporting • Working environment • Registration of risks and deviations • Monitoring improvements • Network within the group Page 65 2020-08-19
Slide 66: WE LEAD THE AIR
WE LEAD THE AIR www.ekovent.com
Slide 67: From raw material to finished goods in Lindab
From raw material to finished goods in Lindab 20 June 2022 Capital market event Tobias Augustsson Managing Director, Lindab Steel
Slide 68: Steel – the material
Steel – the material 68
Slide 69: Steel flow through Lindab
Steel flow through Lindab Steel mill Lindab Steel Lindab Lindab End customer production unit branches 69
Slide 70: Steel mills
Steel mills • Main suppliers – TATA Steel – ArcelorMittal – SSAB • Long and strong relationships – Availability is key for Lindab. – Long term planning for volumes. • The mills deliver steel coils to Lindab Steel or directly to other Lindab units. – Ship, train and truck. 70
Slide 71: Lindab Steel
Lindab Steel • Lindab’s internal steel service centre. • Stores, processes and distributes steel to Lindab units for production and/or re-selling. – Largest buyer of steel coils in Northern Europe • Three main processes – Slitting – Cutting – Re-coiling • Competence centre (technical and steel marke
Slide 72: Lindab production units
Lindab production units • Produces products to Ventilation or Profile customers. – Ventilation – Ducts, silencers, monitoring, fire dampers – Profile – Rainline systems, roofing, wall panels • Central production units – Highly automated production with very large volumes. – Normally smaller products
Slide 73: Lindab branches
Lindab branches • Point of contact for professionals like installers and construction companies. • Can have minor production, but mainly serves as warehouse and sales centre. • In the branches – Lindab products are supplemented by other items our customers might need….”one-stop-shop” 73
Slide 74: Investments
Investments To have a competitive edge, we continuously invest in our equipment and facilities. 74
Slide 75: Investments – slitting line Lindab Steel
Investments – slitting line Lindab Steel • Idea – Redundancy, capacity and safety. • Pre-study – Capabilities of new equipment – Where to install – Risk analysis – Detailed business case and realisation plan 75
Slide 76: Investments – slitting line Lindab Steel
Investments – slitting line Lindab Steel • Realisation and closure – Mitigation activities. – Moving and scrapping slitting lines. – Installation and ramp-up • Follow-up 76
Slide 77: Thank you! Questions?
Thank you! Questions?
Slide 78: Sustainability
Sustainability 20 June 2022 Capital market event Matilda Isaksson Group Sustainability
Slide 79: For a better climate
For a better climate We want to create a better climate. Most of us spend a majority of our time indoors. The indoor climate is crucial for our well-being and productivity. Lindab wants to contribute to a better indoor climate. And we will do it in a way that contributes to a better climate for our
Slide 80: Status update
Status update • Fossil-free steel from 2026. • All companies are integrating sustainability in the everyday business. • Improvements of KPI: attractive employer, scrap, emissions, sustainable sourcing. More KPI’s are under development. • Recruitment of Sustainability Specialists to accelerate sustai
Slide 81: EU Taxonomy
EU Taxonomy • 73% of Lindab's sales are eligible. The EU Taxonomy will include more sectors and products in the future. • 66% of sales are assessed to be aligned with the sustainability criteria for goal 1 Climate Mitigation. • Lindab have greatest possibility to make an impact on goal 1 Climate Mit
Slide 82: Sustainable sourcing
Sustainable sourcing • Lindab take responsibility through out the supply chain. • Three steps for evaluation: Share of suppliers per risk category 2021 1. Sign Lindab Supplier Code of Conduct. 2. Assessment, based on risk. 3. On-site audit by third-party for high risk. 1% 19% • Corruption Perception
Slide 83: Science Based Targets (SBT)
Science Based Targets (SBT) • Decision on SBT during 2022. • Pre-study of Scope 3 finished in Q2, emissions accounts for more than 90% of total emissions. • Purchased material and products (3.1) have most impact. Collaboration with steel suppliers: SSAB, H2 Green Steel. • Use of sold products (3.11)
Slide 84: Thank you! Questions?
Thank you! Questions?
Slide 85: Summary
Summary 20 June 2022 Ola Ringdahl President & CEO
Slide 86: Outlook & Priorities
Outlook & Priorities Market outlook • Strong long-term demand for healthy indoor environments. Growing demand for energy-savings, driven by higher energy prices. • Short-term demand is difficult to predict as building activity will be affected by higher prices, shortage of raw material and increased
Slide 87: Acquisitions of high-quality companies
Acquisitions of high-quality companies 14 companies in 24 months 87
Slide 88: Acquisitions and divestments the last 24 months
Acquisitions and divestments the last 24 months Acquired Divested Company Type Country Revenue (MSEK) EBIT vs Lindab Company/Unit Type Country Revenue (MSEK) EBIT vs Lindab R-Vent Products/Distribution Netherlands 500 Comparable Business Area Building Customized Several countries, with a 946 Lower S
Slide 89: Thank you! Questions?
©lLindab’ Thank you! Questions?