Slide 1: Q3 Interim Report 2016
Q3 Interim Report 2016 October 28, 2016 Magnus Welander, CEO Lennart Mauritzson, CFO
Slide 2: Q3 2016 Highlights – Continued strong profitability and strong cash generation
Q3 2016 Highlights – Continued strong profitability and strong cash generation Net sales of SEK 1,366m (1,343) Thule Group +1.7% (+1.7% excluding currency effects) Outdoor&Bags +2.4% (+2.4% excluding currency effects) Specialty -5.6% (-5.9% excluding currency effects) Underlying EBIT of SE
Slide 3: YTD September 2016 – Strong organic growth drives EBIT growth
YTD September 2016 – Strong organic growth drives EBIT growth Reported Net Sales Underlying EBIT and Margin SEKm 4 341 4 541 SEKm 18.5% 19.8% 802 901 Thule Group YTD 2015 YTD 2016 YTD 2015 YTD 2016 Thule Group Thule Group SEKm 3 998 4 201 SEKm 21.0% 22.0% 841 924 Outdoor & Bags YTD 2015 YTD 2016 YTD
Slide 4: YTD September 2016 - Net Sales and EBIT by Segment
YTD September 2016 - Net Sales and EBIT by Segment Outdoor&Bags Jul - Sep Change Jan - Sep Change 1 SEKm 2016 2015 Rep. Adjust. 2016 2015 Rep. Adjust. 1 Net sales 1 253 1 224 2.4% 2.4% 4 201 3 998 5.1% 6.0% - Region Europe & ROW 842 776 8.4% 9.0% 2 911 2 643 10.1% 11.1% - Region Americas 412 448 -8.
Slide 5: Key Events – Successful fair season for products to hit market in 2017
Key Events – Successful fair season for products to hit market in 2017 Broadest and deepest launch program ever to trade. Successful fairs in Q3 with strong launches Q3 is always the most busy fair season when we introduce new products to the Trade for the coming season Major Global/Regional
Slide 6: Reported Income Statement
Reported Income Statement Q3 Q3 YTD YTD LTM Q3 SEKm 2016 2015 2016 2015 2016 Net sales 1,366 1,343 4,541 4,341 5,521 Cost of goods sold -808 -835 -2,675 -2,631 -3,313 Gross income 558 508 1,866 1,710 2,207 Other operating revenue 0 -2 0 2 0 Selling expenses -240 -232 -744 -709 -962 Administrative ex
Slide 7: Operating Working Capital and Operational Cash Flow
Operating Working Capital and Operational Cash Flow Operating Working Capital Comments SEKm Operating working capital as of 30 September 19,5% 20,5% 18,1% 20% 2016: 1500 Inventory: SEK 678m (694) 1073 1001 1000 869 Accounts receivables: SEK 728m (745) 10% Accounts payable: SEK 406m (366) 500
Slide 8: Thule Group – YTD 2016 Performance vs. Financial Targets
Thule Group – YTD 2016 Performance vs. Financial Targets Constant Currency Net Sales Growth (excl. Acquisitions) Organic Growth ≥ 5% 5.2% 5.7% -0.4% Thule Group Outdoor&Bags Specialty Underlying EBIT ≥17% 19.9% September 2016 LTM at 17.2% Margin Net Debt / EBITDA c. 2.5x 1.6x 2.3x (YE 2015) Dividend
Slide 9: Continued focus on Profitable Growth and preparing for Spring 2017 season
Continued focus on Profitable Growth and preparing for Spring 2017 season Continue to Drive Profitable Organic Growth Continue to drive European momentum in Sport&Cargo Carriers and manage US retail struggles by offering great service Drive growth in Active with Kids and Sport&Travel Bags via
Slide 10: Q&A
Q&A
Slide 11: www.thulegroup.com
Disclaimer This presentation has been prepared by Thule Group AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not constitute