Slide 1: Nilfisk Q2 2024 Conference Call Presentation
Nilfisk Q2 2024 CONFERENCE CALL PRESENTATION August 15, 2024
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. Any such statements are subject to risks and uncertainties, and several different factors, of which many are beyond the Group’s control, can mean that the actual development and the actual result will differ significan
Slide 3: Jon Sintorn CEO of Nilfisk
Jon Sintorn CEO of Nilfisk • June 17, 2024 Jon Sintorn joined Nilfisk as CEO and Executive Board member. • René Svendsen-Tune stepped down as interim CEO from June 17, while staying on the Board as Deputy Chair. Background • Experienced CEO in global organizations such as Permobil, Nobia and ABB. •
Slide 4: Why Nilfisk
Why Nilfisk Strong Value Technology led market creation supporting position through sustainability service Leading Delivery on Disciplined product profitable capital portfolio growth allocation 4 Q2 2024
Slide 5: Key highlights Q2 2024
Key highlights Q2 2024 5 Q2 2024
Slide 6: Organic revenue growth and continued margin improvement
Q2 2024: Organic revenue growth and continued margin improvement • Solid margin improvement • Organic growth in EMEA while Americas up against a strong prior year and APAC was impacted by market conditions • EBITDA positively impacted by increased revenue and continued gross margin expansion • EBITD
Slide 7: Financials
1 \ 2 Financials NILFISK
Slide 8: A very strong Consumer recovery coupled with continued momentum in Service
Q2 2024: A very strong Consumer recovery coupled with continued momentum in Service delivered group organic growth Revenue (mEUR), organic revenue growth (%) x = Organic growth (%) 3.6 278.4 278.4 mEUR 276.5 0.9 2.4% Revenue Q2 2024 -1.9 -0.7 0.7% revenue growth Organic growth 2.4% 0% 278.4 276.5 -1
Slide 9: The EMEA region drove the Organic Growth
Q2 2024: The EMEA region drove the Organic Growth Revenue (mEUR), organic revenue growth (%) 2.4% Organic revenue growth Q2 24 276.5 278.4 247.8 252.9 259.0 -1.7% 6.5% -8.7% 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 96.8 mEUR 162.8 mEUR 18.8 mEUR Americas region EMEA region APAC region 4.3% -0.7% -2.9
Slide 10: Price realization drove margin improvement
Q2 2024: Price realization drove margin improvement Gross profit (mEUR), gross margin (%) 0.4%-points 42.2% 42.2% Gross margin Q2 2024 1.3%-points 0.1%-points 40.4% 111.6 117.6 102.2 105.6 108.3 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 Q2 23 Pricing & mix Freight & Volume, labor and Q2 24 40.4% 41.2%
Slide 11: Overhead costs increased following investments into Marketing activities and product launches
Q2 2024: Overhead costs increased following investments into Marketing activities and product launches Overhead cost (mEUR), overhead cost ratio (%) 33.8% Overhead costs ratio Q2 2024 94.2 88.7 88.7 89.4 94.2 86.5 86.3 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 Q2 23 Merit pay BP26 activites Other inco
Slide 12: Gross margin growth drove EBITDA increase
Q2 2024: Gross margin growth drove EBITDA increase EBITDA bsi (mEUR), EBITDA margin bsi (%) 14.1% EBITDA margin bsi 2024 14.1% 13.7% 38.0 39.2 35.1 34.2 31.2 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 Q2 23 Pricing & mix Freight & Volume, labor Overhead Q2 24 13.7% 12.6% 13.9% 13.2% 14.1% distribution
Slide 13: Positive Free Cash Flow impact despite investments into Working Capital and CAPEX
Q2 2024: Positive Free Cash Flow impact despite investments into Working Capital and CAPEX Working capital, CAPEX, cash flow, NIBD (mEUR), and gearing ratio Working capital CAPEX ratio 8.4 mEUR Free cash flow Q2 2024 179.6 165.6 162.4 171.1 4.9% 139.6 4.3% 4.1% 40.1 3.1% 29.8 32.2 2.1% 2023 Q2 2023
Slide 14: Outlook for 2024
Outlook for 2024 14 Q2 2024
Slide 15: Outlook for 2024
Outlook for 2024 We confirm the full-year outlook as communicated in the Annual Report 2023. 3% to 6% The range for organic revenue growth is expected to be 3% to 6%, mainly supported by demand, increased output, a solid order book end-2023, and minor effects of pricing actions. The range for the Or
Slide 16: Q&A
Q&A 16 Q2 2024