Pricer Ab Class B · OMXSTO:PRIC_B
Pricer Ab Class B — Q2 2021 Earnings Presentation
15 slides from Pricer Ab Class B's earnings presentation, Jul 20, 2021
Slide 1: Second quarter of 2021 Financial results Jan – Jun 2021
Second quarter of 2021 Financial results Jan – Jun 2021 Helena Holmgren President & CEO Stockholm, Sweden, July 20, 2021
Slide 2: Founded in 1991 – listed on Nasdaq Stockholm since 1996
Founded in 1991 – listed on Nasdaq Stockholm since 1996 Headquartered in Stockholm, Sweden 200+ Million 170+ Labels Deployed Employees 20 Million 60+ Labels Yearly Countries 17000+ 9 Stores Office Locations 5 3 Continents Decades 2 ©2021 Pricer
Slide 3: Global macro trends in retail
Global macro trends in retail E-Commerce continues to grow 1 2 - Q1 2021 +38% YoY (Forbes) Changed consumer shopping behavior patterns - e.g. 71% of consumers say cross channel inconsistency frustrates them & 60% would shop less at retailers that have pricing inconsistencies (Pricer Consumer ! Insig
Slide 4: What drives the use of Pricer's technology in-store?
What drives the use of Pricer’s technology in-store? Key use cases demonstrate a strong fit with key retailer strategic priorities Pricer ESL solutions are deployed with major retailers who want to: • Improve customer satisfaction, increase productivity, and reduce costs • Automate critical, but unp
Slide 5: Why Pricer: Proven, robust, innovative & sustainable technology
Why Pricer: Proven, robust, innovative & sustainable technology Delivering benefits to shoppers, staff and the business of retail Platform L M S Shoppers love the bright clear Staff trust the clear and reliable ESL’s, Retailer’s business benefits with labelling presenting them with the right with Pr
Slide 6: January – June 2021
January – June 2021 Net Sales growth of 52% and improved profitability with continued favorable macro trends Order intake Net sales Operating profit Operating margin 850 782 39.9 5.1 SEK M SEK M SEK M % (695) (514) (10.8) (2.1) 6 ©2021 Pricer
Slide 7: January – June 2021: Distribution of Net Sales by geographical region
January – June 2021 Distribution of Net Sales by geographical region Europe, Middle East & Africa SEK 481 M (310) Asia & Pacific SEK 43 M (10) Americas SEK 258 M (194) 7 ©2021 Pricer
Slide 8: Second quarter 2021
Second quarter 2021 Underlying demand more stable and at higher levels than before the pandemic Order intake Net sales Operating profit Operating margin 408 389 22.6 5.8 SEK M SEK M SEK M % (324) (288) (3.5) (1.2) 8 ©2021 Pricer
Slide 9: Second quarter financials: net sales
Second quarter financials; Net sales distributed over many customers and continued high activity in several markets • Net sales of 389 MSEK • +35% compared with Q2 of 2020 • Top 3 contributors; • Canada • France • Norway • Longer lead-times than normal due to challenging situation regarding componen
Slide 10: Second quarter financials: order intake
Second quarter financials; Stable order intake as a result of several parallel framework agreements • Order intake of 408 MSEK • +26% compared with Q2 of 2020 • Stable inflow of small and medium-size orders in addition to call-offs from framework agreements • Large geographic spread • Order backlog
Slide 11: Second quarter financials: gross margin
Second quarter financials; Stable gross margin development despite high component and freight prices 11 ©2021 Pricer
Slide 12: Second quarter financials: operating profit
Second quarter financials; Growth driving increased profitability compared with last year • Operating profit of 23 MSEK, equal to operating margin of 5.8% • Investments in increased market presence and broadened service offering combined with high innovation in product development increase the opera
Slide 13: Second quarter financials: cash flow
Second quarter financials; Cash flow impacted by timing of incoming and outgoing payment flows • Timing effects related to incoming and outgoing payments impacting cash flow • High rate of production and delivery combined with longer transport times increase capital tie-up in the quarter • Cash posi
Slide 14: Summary – 2nd Quarter 2021
Summary – 2nd Quarter 2021 Continued high activity with growth in several geographical 1 2 markets Canada, Norway, Italy and France largest overall contributors to growth ! Framework agreements and improved market presence creating 3 stability in order flow High market Increased capital tie-up follo
Slide 15: Why invest in Pricer?
Why invest in Pricer? • Strong underlying growth on the market with low rate of penetration of ESL- systems. • Digitalization of physical retail considered necessary for maintaining competitiveness • Best system on the market. Unique and hard to copy technical solution; based on reliable, scalable,