Slide 1: Nilfisk Update – Webcast presentation October 11, 2018
Nilfisk Update Webcast presentation – October 11, 2018
Slide 2: Agenda
Agenda 1 Preliminary results 2 Americas and simplification initiatives 3 Impact on guidance and financials 4 Outlook 2018 5 Q&A 2 Nilfisk Update - October 2018
Slide 3: Preliminary results Q3 2018
Preliminary results Q3 2018 Financial highlights • Q3 organic growth of 2.6%, YTD 3.3% • With 4.5%, the strongest quarterly organic growth so far this year in the professional business (excluding private label) • Specialty Professional delivering 5.7% growth in Q3 • With negative growth (1.4%), Spec
Slide 4: AMERICAS: Unsatisfactory growth
AMERICAS: Unsatisfactory growth Comments • Flat organic growth in Q3 in Americas is below expectations • US is flat and below our expectations due to: – delay of revenue within strategic accounts – industrial production output increased but continuing long lead times has in some cases resulted in ca
Slide 5: Simplification of the business: Exits and divestments
Simplification of the business: Exits and divestments • Strategic review of Outdoor (annual revenue 35 mEUR) concluded: – Sub-scale player in an investment heavy and tender based market – No synergies with our professional business • Sold the Danish-based part of the business (the 2150-2250 range co
Slide 6: Simplification of the business: Production footprint
Simplification of the business: Production footprint • Closure of production in Suzhou, China, and outsourcing of production of consumer and private label products – earlier than planned execution due to strike – negative impact on consumer revenue in Q3 and negative impact on Q4 revenue in Specialt
Slide 7: Impact on guidance
Impact on guidance • Professional business excluding private label expected to continue Q3 performance and positive growth in Americas expected in Q4 • Total Q4 growth impacted by private label revenue approximately 15 mEUR lower than Q4 2017, a higher than expected impact • FY 2018 organic growth e
Slide 8: Financial impact of simplification actions
Financial impact of simplification actions • The divestments/close downs are expected to lead to – slightly positive cash flow – a P/L charge on special items of 30-35 mEUR. 2018 impact expectedly 25-30 mEUR – non-cash B/S write downs but no goodwill impairment • EBITDA margin in 2019 expected to be
Slide 9: Outlook 2018 – updated
Outlook 2018 – updated Organic EBITDA margin revenue growth before special items Approx. Lower end of 2% 11.5%-12.0% 2018 guidance 2018 guidance 9 Nilfisk Update - October 2018
Slide 10: Q&A
Q&A Page 10 Nilfisk Update - October 2018
Slide 11: Forward-looking statements
Forward-looking statements This presentation and related comments contain forward-looking statements. Such statements are subject to many uncertainties and risks, as various factors, of which several are beyond Nilfisk Holding’s control, may cause that the actual development and results differ mater