Nobia Ab · OMXSTO:NOBI

Nobia Ab — Q4 2023 Earnings Presentation

11 slides from Nobia Ab's earnings presentation, 2024

  1. Slide 1: Q4 2023 Results Presentation

    Q4 2023 Results Presentation Jon Sintorn, CEO Henrik Skogsfors, CFO

  2. Slide 2: Nobia Group, highlights Q4

    Nobia Group, highlights Q4 • Break-even operating profit, despite very tough market conditions with 22% net sales decline, organic 2022 Q4 2023 Q4 • Restructuring cost savings ahead of plan Net sales (SEKm) 3,780 3,050 • Improved gross margins in all three regions Organic growth (%) 2 -22 • Continue

  3. Slide 3: Kitchen market development

    Kitchen market development Nordic market: Consumer market decline flattening out. Project market decline continued as construction housing starts decrease and housing completions taper off. UK: Retail and trade market in decline due to cautions consumer sentiment. Project market demand in decline. A

  4. Slide 4: Rights issue, asset divestments and debt refinancing

    Rights issue, asset divestments and debt refinancing • Fully guaranteed rights issue of SEK 1,250m • Extended and amended credit agreement • Divestments of non-core assets • Sale and leaseback transaction 4

  5. Slide 5: Nordic region Q4

    Nordic region Q4 Share of Group sales, % Share of R12 sales by country Finland • Organic net sales declined -25% (-1), impacted primarily by 12% low construction activity / project segment demand Nordic Norway Denmark 51% 20% 44% • Gross margin improvement driven by price increases and Sweden cost r

  6. Slide 6: UK region Q4

    UK region Q4 Share of Group sales, % Share of R12 sales by segment Other UK Retail • Organic net sales decline of -21% (5) 33% 21% 31% • Transformation program yielding results, offset by the Project 14% market driven net sales decline Trade 34% • Operating loss reduced, despite the tough market • S

  7. Slide 7: Portfolio Business Units Q4

    Portfolio Business Units Q4 Share of Group sales, % Share of R12 sales by country PBU Other • Organic net sales declined -13% (6), with declines 16% 16% in all markets Austria Netherlands 33% • Higher gross margin 51% • Stable EBIT and margin, with improvements in Bribus and Commodore & CIE After th

  8. Slide 8: Financial position

    Financial position Cash flow 2022 Q4 2023 Q4 Cash flow from operating activities 398 313 • Cash flow from operating activities SEK 313m (398). Operating cash flow -81 -188 • Investments in fixed assets was SEK -508m (-484), mainly related to Jönköping factory investment. Of w. operating profit* -131

  9. Slide 9: Strengthened financial position allowing completion of Jönköping investment and operational flexibility

    Strengthened financial position allowing completion of Jönköping investment and operational flexibility Fully guaranteed rights issue and re-financing Material debt reduction to provide financial flexibility Net debt excl. IFRS leasing & pension debt (SEKm) Net debt / EBITDA1) Gross proceeds  Appro

  10. Slide 10: Priorities going forward

    Priorities going forward • Drive sales • Continue to drive cost efficiency • Realize full potential of Nordic region, incl. completion of the new factory • UK transformation • Rights issue 10

  11. Slide 11: Slide 11

Nobia — Q4 2023 Earnings Presentation on 6ix