Fasadgruppen Group Ab · OMXSTO:FG
Fasadgruppen Group Ab — Q1 2025 Earnings Presentation
11 slides from Fasadgruppen Group Ab's earnings presentation, May 7, 2025
Slide 1: 3m-2025 Results Conference Call
3m-2025 RESULTS CONFERENCE CALL 7 MAY 2025 Martin Jacobsson, CEO Casper Tamm, CFO Magnus Blomberg, Head of IR
Slide 2: Highlights First Quarter 2025
HIGHLIGHTS FIRST QUARTER 2025 ▪ New organisation in place ▪ Continued organic sales decline mainly due to low new build activity ▪ Q1 adjusted EBITA 76.6 mSEK (20.3) margin 6.5% (1.9%) ▪ Organic growth in order backlog mainly driven by the Swedish entities ▪ New segments for transparency ▪ Total Sol
Slide 3: Net Sales
NET SALES MSEK 1300 Q1 2025 1250 1200 +23,1% 1150 1100 -10,3% ▪ Total increase of 12,2% 1050 1000 950 -0,5% ▪ Sales down 10,3% organically 900 12,2% net sales growth 850 ▪ Low activity in new build, especially in Sweden 800 Q1 2024 Organic FX Acquisitions Q1 2025 ▪ Total Solutions sales SEK 574.2m (
Slide 4: Adjusted EBITA
ADJUSTED EBITA Q1 2025 2025 2024 2025Q1 2024 ▪ Adjusted EBITA of 76.6 (20.3) Q1 Q1 Δ 12m Jan-Dec Δ SEK million margin at 6.5% (1.9%) Adjusted EBITA 76,6 20,3 276.5% 338,7 282.4 -19.9% Adj. EBITA margin 6.5% 1.9% 6.7% 5.7% ▪ Clear Line performing according to plan ▪ Total Solutions adj. EBITA SEK 22.
Slide 5: Order Backlog
ORDER BACKLOG MSEK 4500 31 mars 2025 4000 +31.0% 3500 +4.3% ▪ Order backlog increase of 4,3% organically, mainly driven 3000 -2.7% by renovation demand 2500 +31,0% order backlog growth ▪ Order backlog at all-time-high at roughly 4,0bn SEK 2000 following Clear Line acquisition 1500 31 Mar 2024 Organi
Slide 6: Cash Flow
CASH FLOW Q1 2025 2025 2024 2025Q1 2024 ▪ Weak cash flow due to business ramping up SEK million Q1 Q1 Δ 12m 12m Δ Operating cash flow -31.7 18.4 -271.9% 371.4 421.6 -11.9% ▪ Cash flow distorted due to delayed payment of 3 MGBP in conjunction with the Clear Line acquisition Δ Working capital -126.8 6
Slide 7: Financial Capacity and Net Debt
FINANCIAL CAPACITY AND NET DEBT 31 Mar 2025 SEK million 31 Mar 2025 31 Mar 2024 ▪ Average interest rate Jan-Dec 2024: Interest-bearing debt 2,400.3 1,523.3 ~5.9% (~6.0%) Lease liabilities (+) 247,7 176.5 Cash and cash equivalents (-) 356,6 323.3 ▪ Interest period of 1-3 months Total interest-bearing
Slide 8: Deep Dive – Historical Cash Flow, Clear Line
DEEP DIVE – HISTORICAL CASH FLOW CLEAR LINE Clear Line 202203 202303 202403 GBP thousands 12M 12M 12M EBITDA 15 522 22 635 16 007 Changes in working capital -8 697 2 421 1 496 ▪ Strong cash flow Capex -262 -198 -88 ▪ Low capex needs Operating cash flow 6 563 24 858 17 415 Cash conversion 42,3% 109,8
Slide 9: Reaffirmation - Priorities 2025-2028
REAFFIRMATION - PRIORITIES 2025-2028 FOCUSING ON PROFITABLE GROWTH Focus 2025 ▪ Ensure continuous improvements in subsidiaries PROFITABILITY ▪ Focus on efficiency in operations Main priorities 2025-2028 ▪ Increase cooperation within the group LEVERAGE ▪ Return to net debt/EBITDA below 2.5x ▪ Grasp o
Slide 10: Concluding Remarks
CONCLUDING REMARKS 2025 A YEAR OF DELEVERAGING AND PROFITABILITY MEASURES ▪ Stronger order backlog – positive signs in the market ▪ Still low activity within new build ▪ Business ramping up ▪ Clear Line performing according to plan ▪ Continued focus on profitability improvements and de-leveraging 10
Slide 11: Q&A
Q&A PRESENTATION MATERIAL IS AVAILABLE AT CORPORATE.FASADGRUPPEN.SE