Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q1 2022 Earnings Presentation
25 slides from Fagerhult Group Ab's earnings presentation, Apr 26, 2022
Slide 1: We light up your world – Q1 2022 presentation
We light up your world Q1 2022 presentation April 26th 2022 www.fagerhultgroup.com
Slide 2: First quarter
First quarter Sales development ─ Continued good market activity levels and strong demand ─ Good growth in net sales ─ Continued strong order intake, R12 above 8 bn SEK Operating margin ─ Good and growing profitability levels ─ Gross margin increase of 1,6% compared to previous quarter Supply chain
Slide 3: Q1 2022 in figures
Q1 2022 in figures 2 500 250 2 000 200 Order intake: 2 204 MSEK (1 854) +14,0% organic 1 500 150 Net sales: 1 873 MSEK (1 678) +7,5% organic 1 000 100 Operating profit: 173,3 MSEK (152,9) 500 50 Operating margin: 9,3% (9,1%) 0 0 Earnings per share: 0,68 SEK (0,53) Q1 2021 Q1 2022 Net Sales, MSEK Ope
Slide 4: All positions now filled in Group Management
All positions now filled in Group Management ─ Mario Dreismann joins as Head of Business Area Collection on June 1st ─ Upcoming expansion with a CTO to head up our Connectivity initiative Bodil Sonesson President and CEO ─ Meet the full team at our Capital Markets Day at Aug 31st in Stockholm Group
Slide 5: Recap: Our business model is based on our Business Areas
Recap: Our business model is based on our Business Areas Collection ─ Purpose to increase collaboration and leverage market opportunities for organic growth Premium ─ Main Group initiatives with a common agenda: • Connectivity Professional • Sustainability • People & Culture Infrastructure Q1 2022 p
Slide 6: Group initiatives defined by main market trends
Group initiatives defined by main market trends Market trends More sustainable solutions, both Sustainable minimizing energy consumption and manufactured responsible Increasing human well-being, both Human recognizing peoples' preferences and enhancing environments Lighting as integrated part of the
Slide 7: The demand for connectivity comes from the market
The demand for connectivity comes from the market Market trends Connectivity Significant energy savings from Sustainable presence detection and smart ~70% energy savings* lighting control Adopt the lighting to specific Human situations and chosen preferences Increased well-being by tenants and users
Slide 8: Energy consumption
Connectivity solutions brings additional savings to already efficient LED luminaries 100% Conventional lighting Energy consumption Up to 70% less energy with LED New LED luminaires Additional ~70% energy savings Connectivity solutions ~10% Q1 2022 presentation 8
Slide 9: We have two Connectivity solutions within the Group
We have two Connectivity solutions within the Group Same basic principles: • Energy savings with presence detection • Easy installation • Open systems for integrations and partnerships Q1 2022 presentation 9
Slide 10: Organic Response having good traction within the Group and on the market
Organic Response having good traction within the Group and on the market Stronger demand from property owners ─ Track usage for pro-active maintenance available from Group brands: ─ Easy asset management ─ Integration into smart building eco-systems Q1 2022 presentation 10
Slide 11: Case: WE-EF Wild-Light solution to minimize impact on wildlife
Case: WE-EF Wild-Light solution to minimize impact on wildlife Concept in short: ─ A pioneering solution that aims to minimize impact on wildlife and light pollution, while securing safe lighting for citizens ─ Based on Citygrid presence detection technology: • No activity: Low level warm light, 220
Slide 12: www.fagerhultgroup.com
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Slide 13: Financial summary
Financial summary MSEK Q1 2022 Q1 2021 Net sales 1 873 1 678 11,6% - Organic growth 125 7,5% - FX-differences 70 Operating profit 173 153 Operating profit, % 9,3% 9,1% Net profit 120 96 Earnings per share, SEK 0,68 0,53 Operating cash flow -68 59 Q1 2022 presentation 13
Slide 14: Sales development
Sales development Net sales R12 Net sales R12, MSEK 8000 7000 6000 5000 4000 3000 2000 1000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 2017 2018 2019 2020 2021 2022 Q1 2022 presentation 14
Slide 15: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Adjusted operating margin1,% Rolling 12 months 16,0% 14,0% 12,0% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 2017 2018 2019 2020 2021 2022 Q1 2022 presentation
Slide 16: Collection
Collection 1200 1200 24% 24% Financials Q1 1000 1000 20% 20% ─ Order intake 1 023 (790) MSEK, organic 22,6% 800 800 16% 16% ─ Net sales 915 (752) MSEK, organic 16,0% 600 600 12% 12% ─ Operating margin 10,2% (7,8%) 400 400 8% 8% Business update ─ High activity in the specification market 200 200 4% 4
Slide 17: Premium
Premium 800 18% Financials Q1 700 16% ─ Order intake 718 (625) MSEK, organic 11,5% 14% 600 ─ Net sales 606 (609) MSEK, organic -3,6% 12% 500 ─ Operating margin 11,3% (11,4%) 10% 400 8% Business update 300 6% ─ Net sales growth in Fagerhult brand 200 4% ─ Supply chain difficulties on components 100 2
Slide 18: Professional
1200 24% Professional 400 1000 20% 20% Financials Q1 ─ Order intake 254 (263) MSEK, organic -5,9% 800 16% 300 15% ─ Net sales 248 (234) MSEK, organic 7,3% 600 12% ─ Operating margin 4,7% (8,4%) 200 10% 400 8% Business update ─ Net sales growth within all brands 100 200 4% 5% ─ Order intake impacted
Slide 19: Infrastructure
Infrastructure 250 50% Financials Q1 ─ Order intake 210 (176) MSEK, organic 14,1% 200 40% ─ Net sales 186 (166) MSEK, organic +6,9% ─ Operating margin 12,1% (9,7%) 150 30% Business update 100 20% ─ Good order intake in Veko and Designplan ─ Returning to good operating margin levels 50 10% 0 0% Q1 Q2
Slide 20: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 1200 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2015 2016 2017 2018 2019 2020 2021 2022 -200 Q1 2022 presentation 20
Slide 21: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,00 5500 5,50 5000 5,00 4500 4,50 4000 4,00 3500 3,50 3000 3,00 2500 2,50 2000 2,00 1500 1,50 1000 1,00 500 0,50 0 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 22: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share by quarter, SEK Rolling 12 months 5 4,5 4 3,5 3 2,5 2 1,5 1 0,5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 * Q2 Q3 Q4 Q1 -0,5 2015 2016 2017 2018 2019 2020 2021 2022 Q1 2022 presentation * N
Slide 23: Slide 23
Slide 24: Conclusions and recap
Conclusions and recap ─ Strong order intake at 2 204 MSEK, Q1 all time high and R12 above 8 BSEK ─ Good growth in net sales ─ Increased gross margin, continued good profitability levels ─ Component availability remains a challenge Q1 2022 presentation 24
Slide 25: www.fagerhultgroup.com
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