Momentum Group Ab Class B · OMXSTO:MMGR_B
Momentum Group Ab Class B — Q4 2022 Earnings Presentation
25 slides from Momentum Group Ab Class B's earnings presentation, Feb 15, 2023
Slide 1: Year-end report 2022
Year-end report 2022 15 February 2023
Slide 2: Presenting today
Presenting today Ulf Lilius, CEO Niklas Enmark, CFO Momentum Group 15/02/2023 2
Slide 3: Agenda
Agenda • Q4 highlights • Development during the quarter • Financial targets • Growth strategy • Q&A Momentum Group 15/02/2023 3
Slide 4: Favourable sales performance combined with increased earnings
Q4 2022 highlights Favourable sales performance combined with increased earnings Revenue: EBITA: EBITA/WC: +23% +19% 61% • Continued solid sales • Organic sales growth Acquisitions: performance • Stable gross margin • Growth of 11% for • Cost control comparable units • Positive contribution from (12
Slide 5: Development during the quarter Q4 2022
Development during the quarter Q4 2022
Slide 6: Group: Sales Q4 2022
Group: Sales Q4 2022 Growth in comparable units vs Q4 2021 • • Revenue increased by 23% to SEK 494 m (402) Growth in comparable units of 11% +11% • Overall positive development in sales and demand • Still no signals of slow-down Revenue, SEK million • Global component shortage stabilizing but still
Slide 7: Group: Earnings Q4 2022
Group: Earnings Q4 2022 EBITA vs Q4 2021 • Earnings growth due to: – – Organic sales growth Stable gross margins +19% – Cost control and well-managed price increases – Acquisitions EBITA and operating profit, SEK m • Operating profit rose by 37% to SEK 52 m (38) – depreciation of right-of-use assets
Slide 8: Group: Full year 2022
Group: Full year 2022 Growth in comparable units vs 2021 • • Revenue increased by 17% to SEK 1,739 m (1,491) – for comparable units an increase of 10% Operating profit rose by 19% to SEK 185 m (155) including +10% expenses affecting comparability of SEK –6 m (–6) related to the listing (total cost S
Slide 9: Components business area
Components business area Revenue growth in comparable units vs Q4 2021 Momentum Industrial • Healthy revenue growth in all customer segments +15% • Continued effects from component shortage, but Revenue R12 situation improving during the quarter • Extra stock purchases to ensure high delivery capaci
Slide 10: Services business area
Services business area EBITA vs Q4 2021 • In general, continued good demand for both services +27% and components Revenue R12 • Weaker sales development, -2% for comparable units in the quarter due to sickness leave • Despite this, strong earnings growth thanks to Sale of goods 55% continued efforts
Slide 11: Profitability, cash flow and financial position
Profitability, cash flow and Equity/assets ratio financial position • EBITA/WC was 61% (61) 42% • Cash flow from operating activities for the reporting Available cash and cash equivalents, period SEK 135 m (169), affected by SEK m 961 – Inventory increase of SEK 35 m (11) due to extra stock purchase
Slide 12: Financial targets performance
Financial targets performance EBITA growth Profitability WC turnover (R12) 80% 10 60% 8 40% 6 12/2021: 61% 12/2022: 61% 20% 03/2019: 46% 4 12/2020: 54% 03/2020: 52% 45% 0% 2 1906 1909 1912 2003 2006 2009 2012 2103 2106 2109 2112 2203 2206 2209 2212 -20% EBITA 0 margin EBITA growth Q/Q Target 2% 4% 6
Slide 13: Growth strategy
Growth strategy Continued growth through development and acquisition of sustainable businesses
Slide 14: Completed acquisitions during 2022 – add almost SEK 175 million in annual turnover
Completed acquisitions during 2022 – add almost SEK 175 million in annual turnover HNC BPS Acquired share: 70% Acquired share: 100%. After year-end: Closing: June 2022 Partially paid for by own B About: HNC Group is a shares. Closing: October 2022 leading player in solutions for About: BPS is a lead
Slide 15: Our desired position
Our desired position Components business area Services business area Aftermarket sales Specialist (product verticals) Technical service Focus/ambition Focus/ambition Focus/ambition Company in the sale of industrial Companies with leading specialist positions Technical industrial services company in
Slide 16: Sustainable development – "We develop employees and sustainable companies"
Sustainable development – "We develop employees and sustainable companies" The business philosophy is based on a decentralised responsibility for results, with collaboration and partnership between the different companies in the business area, Decentralised where it is mutually beneficial We operate
Slide 17: Critical success factors in place for continued acquisition-driven growth
Critical success factors in place for continued acquisition-driven growth 1 2 Financially strong with room for Principal owners who want to acquisitions grow the group in this area 3 4 Industrial network mainly in Processes and resources in Sweden, but also in Denmark, place to evaluate and implemen
Slide 18: Q&A
Q&A
Slide 19: Contact us
Contact us Please email us at ir@momentum.group if you have any questions. Momentum Group momentum.group
Slide 20: Appendix
Appendix
Slide 21: IFRS effects on cash flow
IFRS effects on cash flow Reporting period MSEK 31 Dec 2022 31 Dec 2021 IFRS effects on cash flow from operations 50 41 IFRS effects on cash flow from financing activities -50 -41 Net 0 0 Momentum Group 15/02/2023 21
Slide 22: Our shareholders
Our shareholders
Slide 23: Short facts about the shareholders
Short facts about the shareholders No of owners 4,483 15% foreign ownership 4,200 Fund ownership: 22% of which private individuals 41% 10 81% Free float: largest owners hold Momentum Group 15/02/2023 23
Slide 24: Largest shareholders
Largest shareholders Shareholder A shares B shares Capital Votes Nordstjernan 213 27,776,641 55.02% 50.00% Tom Hedelius 513,124 1.02% 9.24% Ampfield Management 3,270,049 6.48% 5.89% Enter Fonder 1,816,667 3.60% 3.27% Carnegie Fonder 1,792,949 3.55% 3.23% Momentum Group AB1 1,259,624 2.50% 2.27% Hand
Slide 25: Dates for upcoming financial information
Dates for upcoming financial information Financial reports Annual General Meeting 9 May 2023 at 16:00 CET 27 April 2023 Interim Report for the first quarter of 2023 Annual report 2022 14 July 2023 31 March 2023 Interim Report for the second quarter of 2023 27 October 2023 Interim Report for the thir