Kh Group Plc · OMXHEX:KHG
Kh — Sievi Capital — FY2020 Earnings Presentation
15 slides from Kh's earnings presentation, Feb 24, 2021
Slide 1: Results presentation 2020
Results presentation 2020 24 February 2021
Slide 2: Year 2020 as a whole was good for Sievi Capital
Year 2020 as a whole was good for Sievi Capital 2 initial investments and 12.7% 1 exit 1 follow-on investment return on equity Strong balance sheet Active development of target companies and fast Number of shareholders -11.1% reactions to changing ~4x gearing circumstances 24 February 2021 Sievi Cap
Slide 3: We offer a growth platform for Finnish SMEs
We offer a growth platform for Finnish SMEs Sievi Capital’s Committed partner for Finnish companies Value creation in target shareholders companies through active TARGET COMPANIES development work Generating good returns to the owners Network of professional advisers Active ownership Entrepreneurs R
Slide 4: Strong track record of value creation over several years
Strong track record of value creation over several years Return on equity 27.2 % 22.5 % 17.7 % 17.7 % 12.7 % 2016 2017 2018 2019 2020 Return on equity Long-term minimum target (13 %) 24 February 2021 Sievi Capital Plc 4
Slide 5: Reliable dividend payer
Reliable dividend payer Dividend per share, EUR Dividend policy: ➢ The aim is to distribute annually an ordinary dividend of approximately 3% 0.15 (1) of the net asset value per share ➢ In addition, an extra dividend can be distributed after 0.04 0.04 (2) significant exits 0.03 2018 2019 2020 Ordina
Slide 6: Active year in M&A transactions
Active year in M&A transactions Overview of M&A transactions • Sievi Capital made two new initial investments: - The rescue vehicle group Nordic Rescue Group in February - The logistics service company Logistikas in December • Total investments in new and existing target companies: 14.8 m€ • Exit fr
Slide 7: Current private equity investments
Current private equity investments Strong, growing companies Target companies and holdings(1) Distribution of the fair values of the investments(1) INDOOR GROUP KH-KONEET GROUP 58% 66% LOGISTIKAS NORDIC RESCUE GROUP 70% 70% Indoor Group KH-Koneet Group Nordic Rescue Group Logistikas (1) On 31 Decemb
Slide 8: Indoor Group
Indoor Group Year of significant profit improvement Highlights Financial figures (IFRS), EUR million Sievi Capital’s ownership period • Operating environment varied considerably 188.2 197.9 200.7 199.9 186.7 • Net sales on a par with the previous year - Online sales grew strongly • Profitability dev
Slide 9: KH-Koneet Group
KH-Koneet Group Nordic growth continued despite tighter market Highlights Financial figures (FAS), EUR million Sievi Capital’s ownership period • Operating environment more challenging than in the 120.5 previous year 96.8 • Net sales increased by almost 25 % from the previous year 82.9 as a result o
Slide 10: Logistikas
Logistikas Strong year for logistics services Highlights Financial figures (FAS), EUR million(1) Sievi Capital’s ownership period • Pro forma net sales decreased slightly but EBITDA improved clearly 20.7 20.0 - Strong development in logistics services - Procurement service business declined • Sievi
Slide 11: Nordic Rescue Group
Nordic Rescue Group Laying the foundation for new business Highlights Financial figures (FAS), EUR million(1) Sievi Capital’s ownership period • Market situation varied but returned to normal in H2 29.1 29.8 • Pro forma net sales grew slightly 22.3 • Comparable EBITDA decreased due to production arr
Slide 12: Income statement
Income statement Strong result considering the circumstances Income statement (EUR million) 2019 2020 Interest and dividend income, total 0.5 3.2 • Dividend income: Indoor Group 2.5 m€ and Suvanto Trucks 0.7 m€ Realised profits/losses & expenses of investments 11.0 -2.9 • Divestment of Suvanto Truck
Slide 13: Net asset value
Net asset value The total value of PE investments and investment rate increased Investments and net asset value (EUR million) 12/2019 % 12/2020 % Private equity investments • Private equity investments up by Indoor Group Holding Oy 26.9 34.4% 41.5 53.6% nearly 50% KH-Koneet Group Oy 17.8 22.8% 17.0
Slide 14: The good year renewed and strengthened the company for the coming year
The good year renewed and strengthened the company for the coming year • The target companies responded well to the varying operating environments and continued to implement the value creation plans despite the exceptional year • The investment portfolio was significantly renewed • The target compan
Slide 15: Sievi Capital Plc
24 February Sievi Capital Plc 15 2021