Sdiptech Ab Class B · LSIN:0AAV
Sdiptech Ab Class B — Q2 2023 Earnings Presentation
21 slides from Sdiptech Ab Class B's earnings presentation, Jul 21, 2023
Slide 1: Q2 Report April – June 2023
Q2 Report April – June 2023 July 21, 2023 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 ▪ 411,228 Class B shares (through ▪ 107,990 Class B shares, 500 Preference Currussel AB), 2,840 Preference shares shares and 87,500 warrants and 50,000 warrants ▪ Background: CFO Lagercrantz Gro
Slide 3: Second quarter, Financial development, Outlook
Second quarter Financial development Outlook 3
Slide 4: Sdiptech in short
Sdiptech in short Sdiptech’s infrastructure segments Creating sustainable, efficient and safe societies Water & Power & Bio Economy & Air & Safety & Sanitation Energy Waste Management Climate Security Transportation An infrastructure technology group Key drivers ▪ Aging infrastructure assets ▪ Incre
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 EBITA* EBITA*-% 800 ▪ Sdiptech’s overall goal is to create sustainable, long-term value growth by consistently 671 increasing profits, every year 19,1% 19,4% 18,7% ▪ Sdiptech’s business model is to acquire niched 16,6% compa
Slide 6: Highlights for the second quarter
Highlights for the second quarter ▪ Demand continues to be strong ▪ Net sales increased 38%, 15% was organic ex. currency ▪ Market conditions continues to be favorable, infrastructure is needed ▪ EV charging unit delivered according to plan, and is developing well ▪ Strong profit growth ▪ EBITA* inc
Slide 7: Acquisition: Kemi-tech
Acquisition: Kemi-tech ▪ Specialised in chemical treatment of all types of water-carrying systems. ▪ Complementing acquisition, similar to Sdiptech’s unit Water Treatment Products active on the UK market. ▪ Ensure steam boilers, cooling systems and district heating plants run more efficiently, save
Slide 8: Acquisitions EBITA MSEK
Acquisitions 180 158 161 160 150m • Financial target 2021- : 120-150msek 140 ▪ Acquisition pipeline is solid 120 120m EBITA MSEK • Financial target 2016-20: 90msek 100 93 94 ▪ Financial position is good 90 83 80 67 ▪ For 2023; meet (not exceed) the 60 target of SEK 120-150 million in EBITA 40 36 20
Slide 9: Second quarter, Financial development, Outlook
Second quarter Financial development Outlook 9
Slide 10: Group sales & EBITA*-margin
Group sales & EBITA*-margin MSEK 4,500 25% Sales by country 4,119 Comments LTM Q2 2023 4,000 3,797 Sales increased by 38%, 3,505 19.1% 19.4% 19.1% 19.2% 19.4% 20% whereof 15% organic, 3,500 18.7% 3,237 excl currency effects Other Sweden 16.6% 3,026 3,000 18% 21% 2,719 Strong contribution from 14.4%
Slide 11: EBITA* & EBITA*-margin
EBITA* & EBITA*-margin MSEK 800 800 25% 730 Comments 700 629 671 19,1% 19,4% 19,1% 19,2% 19,4% 20% ▪ EBITA* increased by 44%, whereof 600 509 577 15% organic, excl currency effects 16,6% 18,7% 500 ▪ EBITA* margin was 19.7% (18.9) 14,4% 15% 11,8% ▪ Most comparable units had stronger 400 11,4% 347 res
Slide 12: Resource Efficiency
Resource Efficiency Net sales (SEKm) EBITA* (SEKm) EBITA* margin (%) Sales increased by 19% to SEK 403m (338) Water & Sanitation ▪ Contributions from acquisitions and comparable units 24,3% ▪ The unit for EV chargers continued sales of 21,2% Power & energy 21,7% the new generation of chargers accord
Slide 13: Special Infrastructure Solutions
Special Infrastructure Solutions Net sales (SEKm) EBITA* (SEKm) EBITA* margin (%) Sales increased by 50% to SEK 767m (510) Water & Sanitation ▪ Strong contributions from acquisitions 2 733 ▪ Several comparable units also had a 20,8% strong organic growth 20,2% Power & energy ▪ Units for management o
Slide 14: Additional metrics
Additional metrics Cash conversion EPS 1) Net financial Net debt</ from ops (SEK per share) debt/EBITDA EBITDA2) LTM Q2 59% 12.09 1.76 3.40 2023 (1.58) (85%) (8.53) (3.64) Excluding the effect of last year's change in Q2 2023 33% 3.22 1.76 the discount rate for contingent considerations, the earning
Slide 15: Second quarter, Financial development, Outlook
Second quarter Financial development Outlook 15
Slide 16: Looking ahead
Looking ahead Solid demand in the infrastructure segments where we are present ▪ No obvious signs of weakening demand, order books are solid ▪ EV charger unit is developing well, in a stable manner and according to plan ▪ Sustainability investments in European infrastructure, especially within energ
Slide 17: Thank you for listening!
Thank you for listening!
Slide 18: Appendix
Appendix > svITECH
Slide 19: Management Team and Board of Directors
Management Team and Board of Directors Management Jakob Holm 411,228 (Class B), 2,840 (Pref) 50,000 (Warrants) Fredrik Navjord 67,724 (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. Chal
Slide 20: Ownership June 2023
Ownership 31 June 2023 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 5,061,617 12.74% 8.77% Handelsbanken Fonder 3,336,961 8.40% 5.78% Swedbank Robur Fonder 3,324,909 8.37% 5.76% Invesco 2,085,173 5.25% 3.61% Ashkan Pouya 1424000 592,967 5.08% 25.69% Cliens Fonder 1,862,478 4
Slide 21: EBITA* → Net profit
EBITA* → Net profit MSEK 2023 2022 2023 2022 Jan-Jun Jan-Jun LTM Jun Full Year Net Sales 2,244.7 1,630.9 4,119.0 3,505.2 Operational costs -1,811.0 -1,326.2 -3,318.9 -2,834.1 Profit from operations, EBITA* 433.7 304.7 800.1 671.1 EBITA*, best representation of the profits from the ongoing operations