Momentum Group Ab Class B · OMXSTO:MMGR_B
Momentum Group Ab Class B — Q2 2023 Earnings Presentation
21 slides from Momentum Group Ab Class B's earnings presentation, Jul 14, 2023
Slide 1: Interim report Q2 2023
Interim report Q2 2023 14 July 2023
Slide 2: Presenting today
Presenting today Ulf Lilius Niklas Enmark President and CEO CFO Momentum Group 14/07/2023 2
Slide 3: Agenda
Agenda • Q2 highlights • Development during the quarter • Growth strategy • Q&A Momentum Group 14/07/2023 3
Slide 4: Q2 highlights: Continued favourable organic and acquisition-driven growth
Q2 highlights Continued favourable organic and acquisition- driven growth Revenue: EBITA: EBITA/WC: +23% +20% 60% • Continued healthy sales • Organic growth. • Profitability remains high. development. • Cost control. • Focus on keeping low and stable • Stable demand. working capital within all • Con
Slide 5: Q2 2023 Development during the quarter
Q2 2023 Development during the quarter
Slide 6: Group: Sales Q2 2023
Group: Sales Q2 2023 • Revenue increased by 23% to SEK 549 m (446). • Growth in comparable units of 7%. • Continued healthy sales development and demand. • Signs of improvement for global component shortage. • More moderate increase in purchase prices and costs. • Still no major impact from the weak
Slide 7: Group: Earnings Q2 2023
Group: Earnings Q2 2023 • Earnings growth due to: – Revenue growth, organic and acquisitions. – Cost control and well-managed price/cost increases. • Operating profit rose by 20% to SEK 59 m (49). • EBITA increased by 20% to SEK 65 m (54). – EBITA margin 11.8% (12.1). • Net profit SEK 43 m (37). • E
Slide 8: Group: 1 Jan-30 Jun 2023
Group: 1 Jan-30 Jun 2023 • Revenue increased by 24% to SEK 1,051 m (845). • Operating profit rose by 33% to SEK 114 m (86). • EBITA increased by 28% to SEK 125 m (98). • EBITA margin of 11.9% (11.6). • Net profit SEK 85 m (65). • Earnings per share SEK 1.75 (1.25). Key figures Revenue growth EBITA g
Slide 9: Components business area
Components business area Momentum Industrial Specialist • Strong growth in both sales and earnings. • Good demand and growth in both sales and earnings. • Growth was particularly favourable in the customer • Continued (but less) impact from delivery disruptions. segments mining, paper and automotive
Slide 10: Services business area
Services business area • Stable revenue trend for most of the companies. • Some delivery delays and slightly lower project sales in Rörick and Mekano affecting sales during Q2. • Announcement of the merger of Carl A and Mekano. • Increased customer activity and improved demand towards the end of the
Slide 11: Profitability, cash flow and financial position
Profitability, cash flow and financial position • EBITA/WC 60% (62). • Cash flow from financing activities SEK 196 m (–80) • Return on equity 32% (28). – change in interest-bearing liabilities SEK +246 m (–6) • Cash flow from operating activities for the reporting – paid dividends SEK –50 m (–). per
Slide 12: Growth strategy
ft momentum" Growth strategy
Slide 13: Acquisitions are an important part of our growth strategy
Acquisitions are an important part of our growth strategy The strategy is to acquire and develop businesses focused on trade and services in selected product and service verticals – in both existing product and service areas and in new business areas. Well-developed Leaders in their customer a
Slide 14: Professional organisation for acquisitions
Professional organisation for acquisitions Acquisitions at Acquisitions at Acquisitions at subsidiary level business area level Group level Subsidiaries that meet the Three areas with clear Larger acquisitions. profitability target: acquisition agendas. >45% EBITA/WC Aftermarket – companies that Sup
Slide 15: Acquisitions in and after the period
Acquisitions in and after the period Askalon Regal iTEMS Leading in advanced valve solutions, Leading niche player in transmission, Leading niche player in instrumentation primarily for the power, refinery and electrical automation and control to both for demanding operating conditions for process i
Slide 16: Focus going forward
Focus going forward • Organic growth by developing our companies. • Cash flow EBITA/WC to finance our expansion and development. • Margin around double digits in order to have EBITA/WC > 45%. • 3-5 acquisitions every year. • Reasonable net debt to EBITDA. • Capital allocation through share buybacks
Slide 17: Contact us
Contact us Please email us at ir@momentum.group if you have any questions. Momentum Group momentum.group
Slide 18: Appendix
ft momentum" Appendix
Slide 19: IFRS effects on cash flow
IFRS effects on cash flow Reporting period R12 Jan-Jun Jan-Jun June MSEK 2023 2022 2023 FY 2022 IFRS effects on cash flow from operations 31 25 56 50 IFRS effects on cash flow from financing activities -31 -25 -56 -50 Net 0 0 0 0 Momentum Group 14/07/2023 19
Slide 20: 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 3,475,082 6.88% 6.25% Fidelity Investments (FMR) 2,898,934 5.74% 5.22% Momentum Group AB1 1,259,624 2.50% 2.27% Lannebo Fonder 1,102,232 2.1
Slide 21: Dates for upcoming financial information
Dates for upcoming financial information Financial reports 27 October 2023 Interim Report for the third quarter of 2023 15 February 2024 Year-end report 2023 Momentum Group 14/07/2023 21