Alimak Group Ab · OMXSTO:ALIG
Alimak Group Ab — Q1 2025 Earnings Presentation
25 slides from Alimak Group Ab's earnings presentation, Apr 24, 2025
Slide 1: Alimak Group
Alimak Group 24 April 2025 Ole Kristian Jødahl, CEO Sylvain Grange, CFO
Slide 2: Alimak Group – a diversified global industrial company
Alimak Group – a diversified global industrial company Highlights Drivers for success ▪ Leading provider of sustainable vertical access and working at height solutions Supported by global trends ▪ 3,000 employees, sales in +120 countries, presence in 28 countries Leading market position in ▪ Decentr
Slide 3: Accelerating profitable growth with New Heights 2.0
Accelerating profitable growth with New Heights 2.0 The New Heights programme New Heights 2.0 1 2 3 2020 2021 2022-2025 2026-2030 Establish the Secure margin Profitable Accelerating base improvements growth profitable growth Our mission: “Moving people, 2025 material and Updating division businesses
Slide 4: Financial and sustainability targets
Financial and sustainability targets Financial targets Revenue growth EBITA margin Leverage ratio Dividend pay-out ratio 6-10% >18% <2.5x 40-60% Sustainability targets CO2 reduction Employee LTIFR ESG assessment of direct material to 2025 * NPS Injury rate per mn suppliers** working hours 30% >40 <2
Slide 5: US tariffs
US tariffs ▪ Short-term mitigation efforts: – Price management – Optimising of supply chain ▪ Effects on global economy and markets more unclear: – Increased uncertainty – Global GDP slowdown – Delay of investment decisions ▪ No significant impact expected on competitiveness in any of our divisions
Slide 6: Strong order intake and increased margins Q1
Business update – Q1 FOR INTERNAL USE ONLY Strong order intake and increased margins Q1 ▪ High order intake growth – An increase of 16%, reaching more than BSEK 2 ▪ Continued increased Group earnings and margins – Adjusted EBITA margin of 17.3% (16.4) ▪ Acquired key assets from the Spanish company C
Slide 7: Group quarterly summary Q1
Group quarterly summary Q1 Order intake & revenue ▪ Order intake was MSEK 2,005, 16% (16% at constant MSEK MSEK currency) 2,400 8,000 2,100 7,000 ‒ Strong performance in the Industrial, Wind, Facade 1,800 6,000 5,000 Access and HSPS divisions 1,500 1,200 4,000 900 3,000 ▪ Revenue was MSEK 1,732, 0%
Slide 8: Service order intake and revenue Q1
Service order intake and revenue Q1 ▪ Service is a key component in all divisions Share of order intake Share of revenue ‒ Order intake increased by 9% (9% at constant currency) to 63% 59% MSEK 819 (748) 41% 37% ‒ Revenue increased by 1% (0% at constant currency) to Equipment Service Equipment Servi
Slide 9: Facade Access Q1
Facade Access Q1 ▪ Order intake was MSEK 496, +17% (+16% at constant Order intake & revenue currency) ▪ Order MSEK MSEK intake ‒ Strong wasintake order MSEKdriven 512, +41 % (+24% from by significant equipment 600 2,500 acquisitions. orders in+18% Hongorganically) Kong and Australia, along with 500
Slide 10: Facade Access – business update Q1
Facade Access – business update Q1 ▪ Continued success in RRR (retrofit, refurbishment and replacement) ‒ Completion of a replacement project for the Central Bank of West African States in Dakar, Senegal ▪ Launch of Infrastructure Access Solutions to establish clear positioning for infrastructure pr
Slide 11: Construction Q1
Construction Q1 ▪ Order intake was MSEK 490, +1% (+1% at constant currency) Order intake & revenue MSEK MSEK ‒ Solid order intake for rental business in Australia 600 2,500 500 ‒ Strong orders for used equipment in Europe 2,000 400 1,500 300 ‒ High book-to-bill ratio 200 1,000 100 500 ▪ Revenue was
Slide 12: Construction – business update Q1
Construction – business update Q1 ▪ Expanding our portfolio with Camac acquisition ‒ Spanish developer of rack & pinion solutions and ladder hoists ‒ Expanding our customer base through more than 2,000 installed machines ▪ Vectio 350 transport platform range launched in March ‒ Light weight design f
Slide 13: Height Safety & Productivity Solutions Q1
Height Safety & Productivity Solutions Q1 Order intake & revenue ▪ Order intake was MSEK 382, +14% (+13% at constant currency) MSEK MSEK ‒ Strong order intake of temporary access solutions in North 500 1,600 1,400 America 400 1,200 300 1,000 ‒ Increased orders from Middle East and India in the eleva
Slide 14: HSPS – business update Q1
HSPS – business update Q1 ▪ Success of temporary access solutions in North America – US: solid orders from long-standing and newly acquired customers confirm a positive market approach – Canada: significant orders underscore the expansion of temporary access solutions ▪ Confirmed potential in the un
Slide 15: Industrial Q1
Industrial Q1 ▪ Order intake was MSEK 432, +32% (+31% at constant Order intake & revenue currency) MSEK MSEK 500 2,000 ‒ Strong growth leading to further backlog increase 400 1,500 ‒ Good growth for both new equipment and aftermarket 300 1,000 200 ‒ North America and Middle East delivered the larges
Slide 16: Industrial – business update Q1
Industrial – business update Q1 ▪ Our focus on customer segments is paying off – Cement, oil & gas and other heavy industry stand out positively in the quarter – Activity remains high also within power and ports – Additional sales to data centers ▪ First order of Mini 400 in the US (Scando Mini / Al
Slide 17: Wind Q1
Wind Q1 ▪ Order intake was MSEK 217, +24% (+25 % at constant Order intake & revenue currency) MSEK MSEK ‒ Strong growth for new equipment in APAC 250 800 700 200 ‒ Promising start of the year in North and Central Europe, 150 600 500 especially in aftermarket 100 400 300 200 50 100 ▪ Revenue was MSEK
Slide 18: Wind – business update Q1
Wind – business update Q1 ▪ Operational excellence – Continued automation of manufacturing processes to enhance safety and efficiency ▪ Setting the foundation for future growth – Our sales organisation is expanding the customer base in APAC, with a strong focus on entering new markets in the region
Slide 19: Profit & loss summary Q1
Profit & loss summary Q1 MSEK Q1 2025 Q1 2024 Order intake 2,005 1,729 16% ▪ EBITA adj. Constant currency order growth 16% – Growing by 5%, despite almost flat Revenue 1,732 1,736 0% revenue Constant currency revenue growth 0% ▪ IAC Gross Profit 729 698 4% – Net MSEK 32 positive difference vs Q1
Slide 20: Gross margin and operating expenses Q1
Gross margin and operating expenses Q1 Gross margin ▪ To be added ▪ Gross margin was 42.1% (40.2) % 48 ‒ Margin expansion for Industrial, Construction and 40 Height Safety Productivity Solutions 32 ‒ Impact of work on cost of sales, and ability to pass 24 16 onto market remaining cost increases 8 0
Slide 21: Result for the period and EPS Q1
Result for the period and EPS Q1 ▪ Result for the period was MSEK 184 (131), +40% Result for the period and EPS* ▪ Excluding IAC (Items Affecting Comparability), result MSEK SEK for the period was MSEK 156 (135), +16% 220 2.50 200 180 2.00 ▪ Earnings per share was SEK 1.74 (1.24) 160 140 1.50 120 ‒
Slide 22: Operating cash flow Q1
Operating cash flow Q1 ▪ Cash flow from operations was MSEK 175 (214) Operating cash flow, MSEK MSEK MSEK ‒ Maintaining cash focus 550 1,400 ‒ Inventory increase to ensure future deliveries in 500 1,200 450 response to strong order intake 400 1,000 350 300 800 250 600 200 150 400 100 200 50 0 0 Q1 Q
Slide 23: Net debt and return on capital employed Q1
Net debt and return on capital employed Q1 Net debt and leverage ▪ Net debt down to BSEK 2.4 (2.6 in Q4 2024) ‒ Impact of strong SEK on euro-term loan value MSEK X 6,000 9 ▪ Net debt/EBITDA 1.58 (2.26) 5,000 7 ‒ Well in line with our financial target of being below 2.5x 4,000 5 3,000 ▪ Focus on oper
Slide 24: Summary Q1
Summary Q1 ▪ We continue to deliver on the New Heights programme – High order intake of more than BSEK 2 in the quarter, an increase of 16% – Increased Group earnings and margins – adjusted EBITA margin of 17.3% (16.4) ▪ Increased market uncertainty due to imposed US tariffs – We are confident that
Slide 25: Q&A
Q&A Investor Update November 20, 2024