Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q2 2021/22 Earnings Presentation
23 slides from Lagercrantz Group Ab Class B's earnings presentation, Oct 22, 2021
Slide 1: Interim Report Q2 2021/22
Interim Report Q2 2021/22 April – September 2021 (6 months) October 22, 2021 Jörgen Wigh, CEO Kristina Elfström Mackintosh, CFO
Slide 2: Tech Group with leading positions in niches
Introduction to Lagercrantz Group Tech Group with leading positions in niches Lagercrantz Group Electrify Control TecSec Niche Products International 14 companies 10 companies 7 companies 15 companies 13 companies 9 countries 7 countries 5 countries 7 countries 7 countries ◼ B2B Tech Group offering
Slide 3: Revenues and profits
Q2-report 2021/22 Revenues and profits Rolling 12 months, quarterly data Nettoomsättning Net sales Resultat efterfinancial Profits after finansnetto items 6 500 650 6 000 600 Profits after financial items, MSEK 5 500 550 5 000 500 Net sales, MSEK 4 500 450 4 000 400 3 500 350 Organic growth 3 000 Mo
Slide 4: Business conditions
Q2-report 2021/22 Business conditions ◼ New structure with 5 divisions (4) as of FY 21/22. Clarifies the focus on attractive growth segments internally and externally to the stock- and M&A markets. ◼ Strong revenue growth in Q2 of 31%, corresponding organic growth of 13%. ◼ Good improvement in the m
Slide 5: Q2 2021/22 July – September 2021
Q2-report 2021/21 Q2 2021/22 July – September 2021 ◼ Net revenues increased by 31% to MSEK 1 201 (918). ◼ Organic growth 13%. ◼ EBITA up 45% to 192 MSEK (132). ◼ EBITA-margin at 16.0% (14.4). ◼ Profits after financial items increased by 50% and amounted to MSEK 156 (104). ◼ Profits after tax increas
Slide 6: 6 months 2021/22
Q2-report 2021/22 6 months 2021/22 April – Sept 2021 ◼ Net revenues increased by 32% to MSEK 2 502 (1 895). ◼ Organic growth 16%. ◼ EBITA increased by 58% to MSEK 404 (256). ◼ EBITA-margin at 16.1% (13.5). ◼ Profits after financial items increased by 71% to MSEK 336 (197). ◼ Profits after tax increa
Slide 7: Outcome by division
NET SALES 2021/22 2020/21 MSEK Q2 Q1 Q4 Q3 Q2 Q1 Electrify 340 377 320 304 283 302 Control 132 152 156 162 119 141 Outcome by division TecSec 197 217 136 159 133 133 Niche Products 299 331 313 271 212 238 International 233 224 193 182 171 163 Parent Company/consolidation items - - - - - - GROUP TOTA
Slide 8: Comments by division
Q2-report 2021/22 Comments by division Electrify Revenues +20%. EBITA +24% to MSEK 56 (45) i.e. an EBITA-margin of 16.5% (15.9). A stable quarter with a positive development in home markets. The exporting companies are continuing to display strong profits and the business volume is increasing both o
Slide 9: Comments by division (continued)
Q2-report 2021/22 Comments by division (continued) Niche Products Revenues +41%. EBITA +41% to MSEK 62 (44) i.e. an EBITA-margin of 20.7% (20.8). Broad based improvement in demand and earnings. Companies facing challenges with supply and component shortages have also performed well during the quarte
Slide 10: Lagercrantz towards One billion
Of importance ahead Lagercrantz towards One billion “Our business concept has been successful for many years. Through this strategic program, we will continue the journey and within 5 years build an even stronger B2B Tech Group with one billion in profits. ” Key themes; ◼ Clarifying strategies and f
Slide 11: Vision and financial goals
Lagercrantz towards one billion Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit growth >15% (EBT) ▪ At least 1/3 organically and the rest through 5-8 acquisitions per year. ❖ Return on equity > 2
Slide 12: Aim of 75% proprietaries
Lagercrantz towards one billion Aim of 75% proprietaries Percentage share of Group sales, Moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 2 2 5 5 5 4 4 3 9 9 6 5 7 6 6 6 8 8 9 8 10 8 10 12 15 14 12 12 13 13 13 13 13 13 19 Proprietary products 20 26 25 22 29 Value adding 34 41 di
Slide 13: Remaining focus on value-add
Lagercrantz towards one billion Remaining focus on value-add ◼ Focus on adding Gross margin, % 37.4 38.6 38.6 value and gross 36.7 36.3 36.7 margins 34.8 ◼ Setting goals 30.5 31.6 32.1 ◼ Training 28.0 29.0 ◼ Customisation 26.3 26.5 24.5 25.3 ◼ Service 21.2 ◼ Support ◼ Phasing-out products with low m
Slide 14: Reorganizing into 5 divisions
Lagercrantz towards one billion Reorganizing into 5 divisions Electrify Control TecSec Niche Products International 14 companies 10 companies 7 companies 15 companies 13 companies 9 countries 7 countries 5 countries 7 countries 7 countries Products for Measure and control Solutions for Niched produc
Slide 15: Increased focus on sustainability
Lagercrantz towards one billion Increased focus on sustainability Group initiatives in three 50+ local areas: initiatives Reduce the carbon footprint by Different local striving to become neutral by initiatives which 2030 at the latest. focuses on Environmental development and delivery on Gover- Soc
Slide 16: Acquisitions
59 acquisitions since 2006, including : Acquisitions 2016. Kondator AB (Niche Products) GasIQ AB (Control) Skomø A/S (International) Exilight Oy (Electrify) ◼ Focus on acquiring leading 2017. E-Tech Components Ltd (International) companies in expansive niches. Bereila B.V. (Asept Group, Niche Produc
Slide 17: CW Lundberg
CW Lundberg ◼ CW Lundberg is a leader in safety products for roofs and facades. ◼ Annual revenues of approx. MSEK 185. ◼ Most sales are generated in Sweden but the company is also pursuing international expansion in Europe and is established in Norway and Poland. ◼ Development, marketing and product
Slide 18: Libra
Libra ◼ Norwegian Libra is a market leader in premium quality doors, hatches and storage units to the marine industry. ◼ Annual revenues of approx. MNOK 177. ◼ The customer base is shipyards in Norway, Europe and North America. ◼ Subsidiaries in Norway and Latvia and a minority interest in a company
Slide 19: AC Antennas
AC Antennas ◼ Danish AC Antennas is leading within antennas for use in primarily the maritime market. ◼ AC Antennas develops, manufactures and sells to major international OEMs. ◼ AC Antennas constitutes of the companies AC Antennas A/S and Stramatt ApS. ◼ Annual revenues of approx. MDKK 16. ◼ Subsi
Slide 20: Financial overview
Financial overview 2021/22 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 RTM Q2 Net Sales 2 328 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 4 698 EBITA 223 256 295 355 409 436 519 565 616 764 EBITA,% 9.6% 10.1% 10.4% 11.6% 13.2% 12.8% 13.2% 13.5% 15.1% 16.3% EBT 200 230 265 307 351 358 4
Slide 21: www.lagercrantz.com
www.lagercrantz.com
Slide 22: Board and Management
Appendix Board and Management Board of Directors Management Jörgen Wigh Kristina Mackintosh Per Ikov Fredrik Börjesson Anna Almlöf President & CEO CFO VP Bus Development (DK) Chairman of the Board Ulf Södergren Anna Marsell Andreas Heder Peter Baaske Urban Lindskog VP Bus Development Head of Electri
Slide 23: The share & owners
The share & owners • B share listed on Nasdaq Owners 2021-09-30 Shares Votes Stockholm, Mid Cap Anders Börjesson & Tisenhult-gruppen 5.7% 29.3% • Ticker: LAGR B SEB Investment Management 15.0% 10.5% Swedbank Robur Funds 12.9% 9.0% Fidelity Investments (FMR) 6.5% 4.6% Lannebo Funds 4.5% 3.1% ODIN Fun