Nobia Ab · OMXSTO:NOBI

Nobia Ab — Q1 2023 Earnings Presentation

12 slides from Nobia Ab's earnings presentation, 2023

  1. Slide 1: Q1 2023 Results Presentation

    Q1 2023 Results Presentation Jon Sintorn, CEO Henrik Skogsfors, Acting CFO

  2. Slide 2: Nobia Group, highlights Q1

    Nobia Group, highlights Q1 2022 Q1 2023 Q1 • Further deterioration of market fundamentals • Price increases mitigate inflationary pressure, however Net sales (SEKm) 3,779 3,660 negative volume impact burdens profit Organic growth (%) 6 -6 • Cash flow improved, also driven by timing effects Gross mar

  3. Slide 3: Cost reduction programme

    Cost reduction programme • Annual run-rate cost savings of SEK 300m by mid 2024 • Restructuring of UK operations, rightsizing of certain Nordic and central Group functions - Exit of unprofitable parts of UK projects business - Closure of two UK manufacturing sites - Flattening/simplification of UK o

  4. Slide 4: Kitchen market development

    Kitchen market development Nordic market: Softer consumer/retail market. Project market in declining trend, but remained decent due to continued support from ongoing housing completions. UK: Retail market softer. Trade market on par with last year. Project market remains weak. Austria and Netherland

  5. Slide 5: Direct material pricing impact update Q1

    Direct material pricing impact update Q1 Packaging & • Inflationary pressure continued Chemicals Joinery 5% − Sequentially; slight decrease from peak in Q4 2022 6% − Year-on-year; still an increase in DM price Appliances Frontals 26% 13% • Decline in material prices upstream should gradually begin t

  6. Slide 6: Tomorrow Together Strategy addressed at Capital Markets Update in March

    Tomorrow Together Strategy addressed at Capital Markets Update in March Three main themes in focus at the CMU: 1. New Nordic factory construction, progress and opportunities, iIncluding site visit. 2. Transformation plan for Region UK 3. Balance sheet and financing 6

  7. Slide 7: Nordic region Q1

    Nordic region Q1 Share of Group sales, % Share of R12 sales by country Finland • Organic net sales declined -7% (8) 13% Denmark – Project sales held up on back of housing construction completions, Nordic Norway 42% consumer sales in decline 53% 19% • Margin impacted by the volume decline and mix. Pr

  8. Slide 8: UK region Q1

    UK region Q1 Share of Group sales, % Share of R12 sales by segment Other • Organic growth decline -5% (8) UK 19% Retail 34% 32% • Stable margins and profit Project 16% Trade • Continued focus on higher average order values 33% • Price increases and SG&A spend reductions offset unfavourable volume, m

  9. Slide 9: Portfolio Business Units Q1

    Portfolio Business Units Q1 Share of Group sales, % Share of R12 sales by country PBU Other 13% • Organic net sales unchanged (-7% prior year Q1) 17% – Good growth in Netherlands Netherlands Austria 46% – Decline in Austria 37% – Continued weak market for Commodore & CIE • Price increases, offset by

  10. Slide 10: Financial position

    Financial position Cash flow 2022 Q1 2023 Q1 Cash flow from operating activities -42 318 Operating cash flow -420 -38 • Improved cash flow from operating activities, working capital impacted by positive timing effects Of w. operating profit* 182 -217 Of w. change in working capital -382 379 • Invest

  11. Slide 11: Priorities going forward

    Priorities going forward • Drive towards higher average order values • Direct material price reductions • Execution of cost-out program and the re-positioning of UK • Jönköping factory production machine installations • Sale and leaseback options 11

  12. Slide 12: Slide 12

Nobia — Q1 2023 Earnings Presentation on 6ix