Sdiptech Ab Class B · LSIN:0AAV
Sdiptech Ab Class B — Q3 2023 Earnings Presentation
20 slides from Sdiptech Ab Class B's earnings presentation, Oct 27, 2023
Slide 1: Q3 Report July – September 2023
Q3 Report July – September 2023 October 27, 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 ▪ 411,728 Class B shares (through ▪ 101,640 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: Third quarter, Financial development, Outlook
Third 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*-% 864 ▪ Sdiptech’s overall goal is to create sustainable, long-term value growth by consistently increasing profits, every year 671 19,1% 19,3% 18,7% ▪ Sdiptech’s business model is to acquire niched 16,6% compa
Slide 6: Highlights for the third quarter
Highlights for the third quarter ▪ Demand strong, favorable market conditions continue ▪ Net sales increased 41%, 20% organic ex. currency ▪ To some extent catch up from last year, but more important, demand continues to grow, infrastructure is needed ▪ Rolec grew and delivered according to plan dri
Slide 7: Acquisitions
Acquisitions 180 158 161 160 150m 140 • Financial target 2021- : 120-150msek ▪ Kemi-tech (DK) acquired in Q3 (was presented in the Q2 report) 120 120m EBITA MSEK • Financial target 2016-20: 90msek 100 93 94 ▪ Acquisition pipeline is solid 90 83 80 67 ▪ Financial position is good 60 50 ▪ Higher inter
Slide 8: Third quarter, Financial development, Outlook
Third quarter Financial development Outlook 8
Slide 9: Group sales & EBITA*-margin
Group sales & EBITA*-margin MSEK 4,500 4,467 25% Sales by country 4,119 Quarter LTM Q3 2023 4,000 3,797 Sales increased by 41%, 3,505 19.4% 19.1% 19.2% 19.4% 19.3% 20% whereof 20% organic, 3,500 18.7% Other, rest of the world 3,237 excl currency effects 7% Sweden 16.6% Other, Europe 3,000 Strong con
Slide 10: EBITA* & EBITA*-margin
EBITA* & EBITA*-margin MSEK 900 864 25% 800 Quarter 800 730 20% ▪ EBITA* increased by 38%, whereof 700 671 20% organic, excl currency effects 629 600 ▪ EBITA* margin was 19.5% (19.9) 509 15% 500 ▪ Most comparable units had stronger results than last year 400 347 10% ▪ Acquired units had earnings in
Slide 11: Resource Efficiency
Resource Efficiency Quarter Net sales (SEKm) EBITA* (SEKm) EBITA* margin (%) Water & Sanitation Sales increased by 40% to SEK 396m (284) 24,3% ▪ Contributions mostly from comparable units 1 499 Power & energy 21,7% 21,3% ▪ Both in power and energy, as well as 20,8% water and sanitation 1 270 19,1% ▪
Slide 12: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter Net sales (SEKm) EBITA* (SEKm) EBITA* margin (%) Water & Sanitation 2 969 Sales increased by 41% to SEK 809m (573) ▪ Strong contribution from comparable units 20,2% 20,6% Power & energy ▪ insurance claims, 18,6% ▪ automation solutions for container 17,5% 2 23
Slide 13: Additional metrics
Additional metrics Cash conversion EPS 1) Net financial Net debt</ from ops (SEK per share) debt/EBITDA EBITDA2) LTM Q3 69% 11.84 1.68 3.22 2023 (1.80) (80%) (9.90) (3.71) Q3 2023 94% 3.37 1.76 If the debt as of 30 Sep 2023 is used instead of average debt, the leverages 3.40 (59%) (3.43) (1.58) woul
Slide 14: Third quarter, Financial development, Outlook
Third quarter Financial development Outlook 14
Slide 15: Looking ahead
Looking ahead ▪ Solid demand in the infrastructure segments where we are present ▪ No obvious signs of weakening demand, infrastructure is always needed ▪ Limited exposure to residential construction and consumer products ▪ Increasing sustainability regulations and investments drives the demand, ▪ E
Slide 16: Thank you for listening!
Thank you for listening!
Slide 17: Appendix
Appendix > svITECH
Slide 18: Management Team and Board of Directors
Management Team and Board of Directors Management Jakob Holm 411,728 (Class B), 2,840 (Pref) 50,000 (Warrants) Fredrik Navjord 68,594 (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 19: Ownership 30 September 2023
Ownership 30 September 2023 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 5,061,617 10.08% 7.63% Handelsbanken Fonder 3,336,961 8.43% 6.29% Swedbank Robur Fonder 3,324,909 8.01% 6.06% Invesco 2,085,173 5.25% 3.97% Ashkan Pouya 1,424,000 592,967 5.08% 28.22% Cliens Fonder 1,86
Slide 20: EBITA* → Net profit
EBITA* → Net profit MSEK 2023 2022 2023 2022 Jan-Sep Jan-Sep LTM Sep Full Year Net Sales 3,449.9 2,487.7 4,467.4 3,505.2 Operational costs -2,781.2 -2,012.2 -3,603.1 -2,834.1 Profit from operations, EBITA* 668.7 475.5 864.3 671.1 EBITA*, best representation of the profits from the ongoing operations