Thule Group Ab · OMXSTO:THULE

Thule Group Ab — Shareholder Meeting (April 2017)

33 slides from Thule Group Ab's shareholder meeting presentation, Apr 26, 2017

  1. Slide 1: Annual General Meeting CEO Presentation

    2017 Annual General Meeting CEO Presentation Magnus Welander April 26, 2017 Malmö, Sweden

  2. Slide 2: Active Life, Simplified.

    Active Life, Simplified. Slide 2 April 26, 2017 Thule Group AB – AGM 2017

  3. Slide 3: Our Investment Case

    Our Investment Case Attractive Market Attractive Company  Strong user-influenced Innovation and Product Development  Differentiated Premium Brand  Favorable mega-trends  Global Route-to-Market Strategy and Implementation driving market growth  Strong Position in the Value Chain  Sustainable bu

  4. Slide 4: Attractive Market

    Attractive Market

  5. Slide 5: Market trends are positive for most of the categories within Outdoor&Bags

    Market trends are positive for most of the categories within Outdoor&Bags Sport&Cargo Carriers Other Outdoor&Bags Bags for El. Devices 1 Excl., Specialty Segment that is under divestment 2 Market Trend is Company estimates in target markets Share of Thule Group Sales 2016 1 67% 19% 14% Growth 2016 v

  6. Slide 6: Attractive Company

    y / ~ Attractive Company

  7. Slide 7: Sustainable Approach

    Sustainable Approach

  8. Slide 8: Environmental Focus is moving us closer to our ambitious targets

    Environmental Focus is moving us closer to our ambitious targets GWh Share 20 100% - 45% Reduction CO2 emissions 15 10 5 75% 50% 25% at Thule Group sites 0 0% (as compared with Base Year 2014) 2012 2013 2014 2015 2016 Proportion renewable electricity in own plants (%) Electricity (GWh) Slide 8 April

  9. Slide 9: Health&Safety and equal opportunities are high on our agenda

    Health&Safety and equal opportunities are high on our agenda days accidents 500 100 400 80 300 60 200 40 100 20 0 0 2013 2013 2014 2015 2016 Number of accidents Lost days per million hours worked 41% Share Women Slide 9 April 26, 2017 Thule Group AB – AGM 2017

  10. Slide 10: CSR activities focus on making active lives easier for kids in difficult situations

    CSR activities focus on making active lives easier for kids in difficult situations Slide 10 April 26, 2017 Thule Group AB – AGM 2017

  11. Slide 11: Strong Position in the Value Chain

    Strong Position in the Value Chain

  12. Slide 12: 2016 was a year of successful investments in our Supply Chain

    2016 was a year of successful investments in our Supply Chain Slide 12 April 26, 2017 Thule Group AB – AGM 2017

  13. Slide 13: Global Go-To-Market Approach

    Global Go-To-Market Approach

  14. Slide 14: Sales in 140 markets supporting a broad retail omni-channel customer base

    Sales in 140 markets supporting a broad retail omni-channel customer base Sport&Cargo Carriers Thule Retail Partners Other Retailers Other Categories Specialists Brick&Mortar Specialists On-line Slide 14 April 26, 2017 Thule Group AB – AGM 2017

  15. Slide 15: Premium Brand

    Premium Brand

  16. Slide 16: Thule – Our biggest brand stands for 71% of sales

    Thule – Our biggest brand stands for 71% of sales 71% Share of sales Thule brand 86% Share of Sales Thule Group brands Slide 16 April 26, 2017 Thule Group AB – AGM 2017

  17. Slide 17: Strong position at Key Fairs and Events

    Strong position at Key Fairs and Events Slide 17 April 26, 2017 Thule Group AB – AGM 2017

  18. Slide 18: A great brand and fantastic products generate positive PR

    A great brand and fantastic products generate positive PR Slide 18 April 26, 2017 Thule Group AB – AGM 2017

  19. Slide 19: Consumers like to use our products and the Social Media footprint shows it

    Consumers like to use our products and the Social Media footprint shows it Slide 19 April 26, 2017 Thule Group AB – AGM 2017

  20. Slide 20: Innovation Driven

    Innovation Driven

  21. Slide 21: We spend more money on innovation than ever to drive future growth

    We spend more money on innovation than ever to drive future growth IP Portfolio with strong global coverage 1000 53% Share of sales from products launched the last 3 years 750 500 250 695 773 612 190 4.6% 0 Product Development spend Patents in 268 Designs in 313 Trademarks in Domains families famili

  22. Slide 22: We are better than most at turning consumer insights into great products

    We are better than most at turning consumer insights into great products Slide 22 April 26, 2017 Thule Group AB – AGM 2017

  23. Slide 23: We test harder, because we build products to last

    We test harder, because we build products to last Slide 23 April 26, 2017 Thule Group AB – AGM 2017

  24. Slide 24: We win awards

    We win awards Slide 24 April 26, 2017 Thule Group AB – AGM 2017

  25. Slide 25: We win awards

    We win awards Slide 25 April 26, 2017 Thule Group AB – AGM 2017

  26. Slide 26: Financials 2016

    Rall | Financials 2016

  27. Slide 27: 2016 – Performance vs. Financial Targets

    2016 – Performance vs. Financial Targets Constant Currency Net Sales Growth (excl. Acquisitions) Organic Growth ≥ 5% +4.6% +5.0% 0.1% Thule Group Outdoor&Bags Specialty Underlying EBIT Margin ≥ 17% 17.3% 2015 FY at 16.0% Net Debt / EBITDA c. 2.5x 1.6x 2.3x (YE 2015) * Ordinary dividend of SEK 3.40 p

  28. Slide 28: Share price development since IPO has been strong

    Slide 28 70.00 SEK/share 2014-11-26 2014-12-26 April 26, 2017 2015-01-26 2015-02-26 2015-03-26 2015-04-26 2015-05-26 2015-06-26 2015-07-26 2015-08-26 Thule Group AB – AGM 2017 2015-09-26 2015-10-26 2015-11-26 2015-12-26 2016-01-26 2016-02-26 2016-03-26 2016-04-26 2016-05-26 +24% since Thule Group IP

  29. Slide 29: 2017/Q1 Update

    = 2017/Q1 Update

  30. Slide 30: 2017/Q1 – A very good start to the year

    2017/Q1 – A very good start to the year  Net sales of SEK 1,599m (1,380)  Thule Group +15.9% (+12.3% excluding currency effects)  Outdoor&Bags +17.2% (+13.8% excluding currency effects)  Specialty -7.6% (-12.4% excluding currency effects)  Underlying EBIT of SEK 280m (235), underlying EBIT marg

  31. Slide 31: 2017/Q1 – Performance vs. Financial Targets

    2017/Q1 – Performance vs. Financial Targets Constant Currency Net Sales Growth (excl. Acquisitions) Organic Growth ≥ 5% +11.7% +13.1% -12.4% Thule Group Outdoor&Bags Specialty Underlying EBIT Margin ≥ 17% 17.5% LTM 2017/Q1 at 17.4% Net Debt / EBITDA c. 2.5x 1.6x 1.6x (YE 2016) * Ordinary dividend of

  32. Slide 32: Focus areas for coming months

    Focus areas for coming months  Drive profitable sales growth  Build further on strong Thule brand  Operational efficiencies to offset raw material costs  Deliver on strategic initiatives for the future Slide 32 April 26, 2017 Thule Group AB – AGM 2017

  33. Slide 33: Thule Group – Active Life, Simplified

    Thule Group») ACTIVE LIFE, SIMPLIFIED

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