Flugger Group A/s Class B · OMXCOP:FLUG_B
Flugger Group A/s Class B — Q3 2023/24 Earnings Presentation
14 slides from Flugger Group A/s Class B's earnings presentation, Nov 1, 2024
Slide 1: Flügger Group Investor presentation Q3 23/24
Flügger Group Investor presentation Q3 23/24 1
Slide 2: Flügger at a glance
Investor presentation Q3 2023/24 The figures in this presentation are continuing operations Flügger at a glance (i.e. excl. recent divestment) unless stated differently Key L12M figures Q3 2023/2024 Flügger’s business model Revenue mDKK EBIT mDKK Production Sales channels Customers Own stores 2.158
Slide 3: Q3 23/24 highlights
Investor presentation Q3 2023/24 Q3 23/24 highlights Positive low season quarter with 2% revenue growth and margin improvement. EBIT impacted by the slightly lower costs levels Revenue (mDKK) Gross margin (%) EBIT (mDKK) (% margin) +2% +6.9pp +13 433 441 49.0 42.1 -58 -71 (13.0%) (16.4%) Q3 22/23 Q3
Slide 4: Q3 23/24 segments
Investor presentation Q3 2023/24 Q3 23/24 segments – Segment 2 & 3 realized positive organic growth. Segment 1 delivered improved earnings. Recovering sales in Segment 3 Segment 1 Flügger Segment 2 DIY Segment 3 Eskaro mDKK Q3 23/24 YoY mDKK Q3 23/24 YoY mDKK Q3 23/24 YoY Revenue 354 0% Revenue 69 +
Slide 5: Revenue increased +2% YTD January compared to last year
Investor presentation Q3 2023/24 Revenue increased +2% YTD January compared to last year driven by organic growth of 5%, partly offset by negative currency effect of 3% Revenue development (mDKK) Revenue effects YTD January (mDKK) Revenue Revenue, LTM Revenue Revenue, LTM -3% 0% 5% 1.641 700 2.400 6
Slide 6: Improvement in EBIT YTD driven by improved margins and lower costs
Investor presentation Q3 2023/24 Improvement in EBIT YTD mainly driven by improved margins and positive development in raw material- and energy costs EBIT development (mDKK) EBIT effects YTD January (mDKK) EBIT EBIT, LTM EBIT EBIT LTM 150 250 5 1 200 7 19 48 100 150 100 50 50 0 32 0 -50 -100 9 -50 -
Slide 7: Q3 2023/24 business highlight – Flügger partnership with Graco in Poland
Investor presentation Q3 2023/24 Q3 2023/24 business highlight – Flügger partnership with Graco in Poland After 10 years collaboration, Flügger establishes a unique official partnership – the only partner in Poland with own paint One-stop solution for professionals with paint and spray equipment 56
Slide 8: Q3 2023/24 business highlight – Ready with new colorcard and campaign
Investor presentation Q3 2023/24 Q3 2023/24 business highlight – Ready with new colorcard and campaign New long-lasting colorcard launched: ‘Flügger 80’ Ready for high-season (exterior) with Spring Campaign 8
Slide 9: Going green strategy – selected CSR targets and status
Investor presentation Q3 2023/24 Going green strategy – selected CSR targets and status Going Green sustainability focus areas and key selected targets Selected target ‘23/24 Current achievement Current 82% 100% environmental 80% ’22/23 82% ReColor Paint labelled paint by 2030 eco-labelled paint ’21
Slide 10: Solid inventory reduction maintain working capital and NIBD below LY
Investor presentation Q3 2023/24 Solid inventory reduction maintain working capital and NIBD below LY Net working capital (mDKK) Financial solidity (mDKK) WC Working Capital Working Capital / Ratio Ratio% NIBD NIBD1) NIBD / EBITDA NIBD/EBITDA 600 20% 500 5x 18% 400 4x 500 16% 300 3x 14% 200 400 2x 1
Slide 11: Improved earnings in continuing operations LTM drives price/earnings ratio
Investor presentation Q3 2023/24 Improved earnings in continuing operations LTM drives price/earnings ratio Price/earnings development Share price development incl. reinvested dividends P/E, L12M Accumulated dividend Dividend/share proposed Stock price, ultimo Incl. discontinued operations Incl. dis
Slide 12: Share price development
Investor presentation Q3 2023/24 Share price development Flügger’s share price development Flügger’s relative share price development (indexed) Share price Share price (DKK) Volume (# of shares) Price indexed Flügger 800 280 Akzo Nobel PPG Flügger share 700 240 Sherwin Williams buyback programme ini
Slide 13: 2023/24 Outlook & Financial guidance
Investor presentation Q3 2023/24 2023/24 Outlook & Financial guidance 2023/24 Outlook and priorities Financial guidance 2023/24 – Continuing operations ▪ The outlook for the future is cautiously optimistic with expectations of continued normalizing cost levels Updated guidance 10 November 2023 2023/
Slide 14: Thank you for listening
Thank you for listening Please contact IR@flugger.com for any further questions or visit flugger.com/investor 14 14