Karnell Group Ab Class B · OMXSTO:KARNEL_B
Karnell Group Ab Class B — Karnell Group AB ser. B — Q1 2024 Earnings Presentation
14 slides from Karnell Group Ab Class B's earnings presentation, May 14, 2024
Slide 1: Interim Report January – March 2024
INTERIM REPORT JANUARY – MARCH 2024 14 MAY 2024 Q1
Slide 2: Today's agenda and presenters
Introduction Q1 2024 Sustainability New Companies Appendix Today’s agenda and presenters: 1. Introduction to Karnell 2. Q1 2024 Petter Moldenius 3. Sustainability report 2023 CEO 4. New companies 5. Q&A Lars Neret CFO Strictly personal and confidential 2
Slide 3: Karnell is an active long-term owner of niche industrial technology companies
Introduction Q1 2024 Sustainability New Companies Karnell is an active long-term owner of niche industrial technology companies The Karnell group Financial overview2) Net sales (SEKm) Net sales pr o forma (SEKm) • 2 business segments EBITA margin (%) EBITA margin pro forma (%) 14,0% (i) Product owni
Slide 4: 2024 Q1: Transformative quarter with IPO, platform acquisition and organic growth
Introduction Q1 2024 Sustainability New Companies 2024 Q1: Transformative quarter with IPO, platform acquisition and organic growth amidst challenging market conditions 1,600 20 1,500 Revenue and EBITA% development LTM (SEKm) Highlights during the quarter: 1,400 15 12.0% 12.6% 12.4% • IPO on Nasdaq,
Slide 5: 2024 Q1: Strategic investments will lay foundation for future growth
Introduction Q1 2024 Sustainability New Companies 2024 Q1: Strategic investments will lay foundation for future growth EBITA breakdown during Q1 (SEKm) Comments: 36 • Reported EBITA from subsidiaries amounted to SEKm 36 for Q1 2024. 6 • Group costs of SEKm 6 when excluding IPO and acquisition-relate
Slide 6: Karnell Group Q1 2024 – a transformative quarter
Introduction Q1 2024 Sustainability New Companies Karnell Group Q1 2024 – a transformative quarter Net Sales EBITA (excluding IPO & transactional costs) +15% +54% +6% 286 +105% 30 248 29 158 13 78 4 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2021 Q1 2022 Q1 2023 Q1 2024 • Net sales increased with a CAGR of
Slide 7: Organic growth in Net Sales and EBITA during the quarter
Introduction Q1 2024 Sustainability New Companies Organic growth in Net Sales and EBITA during the quarter (excluding IPO & transaction costs) Net sales EBITA (Including IPO & transaction costs) +15% 286 1 -28% 32 28 248 5 10 20 2% 13% 1% 0 2 -36% 7% 1% Q1 2023 Organic growth Acquired Growth Currenc
Slide 8: Product owning companies - Strong Q1 given slowest quarter
Introduction Q1 2024 Sustainability New Companies Product owning companies - Strong Q1 given slowest quarter and even in though markets an organic growth +27% Net sales Comments: 117 0 +65% 18 • Revenue during the first quarter increased by 26.9%, reaching SEKm 93 7 117. • Organically, Net Sales gre
Slide 9: Niched manufacturers - encounter market headwinds amid tough comparison quarter
Introduction Q1 2024 Sustainability New Companies Niched manufacturers - encounter market headwinds amid tough year-on-year comparison quarter Net sales Comments: +9% +52% 168 1 • Revenue increased by 8.5% during the first quarter, reaching SEKm 155 2 14 168, with organic change amounting to -1.6% •
Slide 10: Growing cash flow from operating activities
Introduction Q1 2024 Sustainability New Companies Growing cash flow from operating activities Cash flow from operating activities (LTM) +43% 137 130 133 116 96 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 • Q1 is one of the weaker quarters for cash flow historically but showing positive cash flow for the
Slide 11: Stable capital structure with low leverage as a base for further acquisitions
Introduction Q1 2024 Sustainability New Companies Stable capital structure with low leverage as a base for further acquisitions SEKm 2021 2022 2023 Q1 2024 Net debt excl. Leasing / EBITDA R12 excl. leasing Interest bearing debt 200 340 376 464 -1.2x 1.7x 1.2x 0.5x Cash and cash equivalents 246 149 1
Slide 12: 2023 Sustainability Report Published: Driving Sustainable Business Practices
Introduction Q1 2024 Sustainability New Companies 2023 Sustainability Report Published: Driving Sustainable Business Practices and Long-Term Value Creation Comments: • Established sustainability targets for the group. • Conducting a thorough gap analysis to CSRD. • Increased reporting requirements,
Slide 13: Sähkö-Jokinen is a leading developer and manufacturer of outdoor lighting products in Finland
Introduction Q1 2024 Sustainability New Companies Sähkö-Jokinen is a leading developer and manufacturer of outdoor lighting products in Finland. Product owning company with a strong position in their niche Reported sales and EBITA margin • Established in 1968, Sähkö-Jokinen has been a pioneer in out
Slide 14: Transformative quarter - cementing Karnell as a long-term and active owner
Transformative quarter - cementing Karnell as a long-term and active owner of industrial technology companies Key take aways: • IPO on the Nasdaq, Stockholm adding SEKm 250 to further strengthen our position as an industrial technology group focusing on small market leading niche companies. • We are
Karnell Group AB ser. B — Q1 2024 Earnings Presentation on 6ix