Slide 1: Nilfisk full-year results 2021
WEBCAST PRESENTATION Nilfisk full-year results 2021 February 25, 2022
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements, including statements regarding Nilfisk’s future operating profit, financial position, inventory, cash flows, strategic priorities as well as plans for the future. Forward-looking statements include, without limitation,
Slide 3: On the call today
On the call today Executive Management Team of Nilfisk Torsten Türling CEO Reinhard Mayer CFO 3 ANNUAL RESULTS 2021
Slide 4: Agenda
Agenda 1 CEO comment on 2021 2 Financials Q4 and FY 2021 3 Outlook for 2022 4 Business Plan 2026 5 Longer term financial and sustainability targets 6 Q&A 4 ANNUAL RESULTS 2021
Slide 5: CEO comment: 2021 Financials
CEO comment 2021 Financials 994.9 mEUR 20.7 % 43.6 % 14.5 % Revenue Organic revenue growth EBITDA growth bsi EBITDA margin bsi 5 ANNUAL RESULTS 2021
Slide 6: CEO comment: 2021 Operations
CEO comment 2021 Operations Order intake above sales growth Supply chain mitigating actions 6 ANNUAL RESULTS 2021
Slide 7: CEO comment: Strategic review
CEO comment Strategic review Strategy review Outlook During second half of 2021 & targets For 2022, 2026 and 2030 Business plan 2026 Focus on long-term sustainable growth 7 ANNUAL RESULTS 2021
Slide 8: Agenda
Agenda 1 CEO comment on 2021 2 Financials Q4 and FY 2021 3 Outlook for 2022 4 Business Plan 2026 5 Longer term financial and sustainability targets 6 Q&A 8 ANNUAL RESULTS 2021
Slide 9: Highlights for Q4 2021
Highlights for Q4 2021 Organic revenue growth of 16.7% to 260.6 mEUR • reported growth of 18.3% Q4 income statement • positive impact from FX of 1.6% High demand from earlier quarters continued in Q4 EUR million Q4 2021 Q4 2020 Change Broad-based organic growth across geographies Net sales 260.6 220
Slide 10: Highlights for the full year 2021
Highlights for the full year 2021 FY income statement Organic revenue growth of 20.7% to 994.9 mEUR • exceeding November-21 guidance of 17% to 18% EUR million FY 2021 FY 2020 Change growth Net sales 994.9 832.9 162.0 • reported growth of 19.5% • negative impact from FX of 1.2%, US main driver Report
Slide 11: Europe
Europe Q4 2021 • Revenue amounted to 127.1 mEUR, leading to – strong organic growth of 17.8% in 2021 organic growth of 13.3% • Positive performance across all regions in Europe, with Europe South presenting the largest growth • The floorcare product group saw the strongest organic growth performance
Slide 12: Americas
Americas Q4 2021 • Revenue amounted to 79.8 mEUR, leading to – the US continues to drive growth in Americas organic growth of 23.9% • Growth was predominately driven out of the US, with a strong finish to the year in Canada Full year 2021 • Revenue amounted to 296.3 mEUR, leading to organic growth o
Slide 13: APAC
APAC Q4 2021 – a steady recovery continues • Revenue amounted to 21.0 mEUR corresponding to organic growth of 11.9% • Positive performance across all markets led by the improved performance in the Pacific region Full year 2021 • Revenue amounted to 79.2 mEUR, leading to organic growth of 19.7% • The
Slide 14: Other business units
Other business units – consumer demand continues Consumer Private label and other • The Consumer business continued to see strong performance • Our Private Label business saw strong performance with with an organic growth of 12.8%, slightly down from a very 43.9% organic growth from 2020 strong 2020
Slide 15: Balance sheet and cash flow
Balance sheet and cash flow • Inventories increased by 70.8 mEUR from substantially higher business activity and investments into increased inventory of critical parts and components EUR million Q4 2021 Q4 2020 Change FY 2021 FY 2020 Change • Working capital increased by 44.1 mEUR, primarily Invento
Slide 16: Agenda
Agenda 1 CEO comment on 2021 2 Financials Q4 and FY 2021 3 Outlook for 2022 4 Business Plan 2026 5 Longer term financial and sustainability targets 6 Q&A 16 ANNUAL RESULTS 2021
Slide 17: Outlook for 2022
Outlook for 2022 We expect our business in 2022 to generate an organic revenue growth in the range of 4% to 7% compared to 2021. 4% to 7% We assume continued solid market demand, driven by the underlying mega trends for cleaning solutions. Revenue will also be supported by organic revenue growth our
Slide 18: Agenda
Agenda 1 CEO comment on 2021 2 Financials Q4 and FY 2021 3 Outlook for 2022 4 Business Plan 2026 5 Longer term financial and sustainability targets 6 Q&A 18 ANNUAL RESULTS 2021
Slide 19: Business Plan 2026: Focus on long-term sustainable growth
Business Plan 2026 Focus on long-term sustainable growth 19 ANNUAL RESULTS 2021
Slide 20: Business Plan 2026: Optimization opportunities
Business Plan 2026 Optimization opportunities 20 ANNUAL RESULTS 2021
Slide 21: Business Plan 2026: Strategic priorities
Business Plan 2026 Strategic priorities 21 ANNUAL RESULTS 2021
Slide 22: Business Plan 2026: Ways of Working
Business Plan 2026 Ways of Working 22 ANNUAL RESULTS 2021
Slide 23: Business Plan 2026: Nilfisk value proposition
Business Plan 2026 Nilfisk value proposition 23 ANNUAL RESULTS 2021
Slide 24: Business Plan 2026: Focus on long-term sustainable growth
Business Plan 2026 Focus on long-term sustainable growth 24 ANNUAL RESULTS 2021
Slide 25: Agenda
Agenda 1 CEO comment on 2021 2 Financials Q4 and FY 2021 3 Outlook for 2022 4 Business Plan 2026 5 Longer term financial and sustainability targets 6 Q&A 25 ANNUAL RESULTS 2021
Slide 26: Financial targets for 2026
Financial targets for 2026 Sustainable long-term growth LONG-TERM GROWTH ENSURING PROFITABLE GROWTH INVESTING IN GROWTH AND SUSTAINABILITY INVESTMENT GRADE COMPANY 1.2 to 1.3 bnEUR Above 16% 3% to 4% 1.5x to 2.0x Revenue in 2026 EBITDA margin before special items CAPEX in % of sales Gearing 26 ANNUA
Slide 27: Sustainability targets towards 2030
Sustainability targets towards 2030 GHG EMISSIONS SCOPE 1 AND 2 GHG EMISSIONS SCOPE 3 DIVERSITY 35% reduction 48% reduction 25% women Of direct and indirect carbon emissions linked to Per unit of gross profit of carbon emissions In senior leadership positions in 2026 Scope 1 and 2 in 2030 linked to
Slide 28: Q&A
Q&A Torsten Türling CEO Reinhard Mayer CFO 28 ANNUAL RESULTS 2021