Fasadgruppen Group Ab · OMXSTO:FG
Fasadgruppen Group Ab — Q1 2024 Earnings Presentation
11 slides from Fasadgruppen Group Ab's earnings presentation, May 8, 2024
Slide 1: 3m-2024 results
3m-2024 results Fasadgruppen Group AB 8 May 2024 © Fasadgruppen
Slide 2: Highlights | First quarter 2024
Highlights | First quarter 2024 ▪ Low season ▪ Tough competition in Sweden remaining ▪ Organic growth in order backlog ▪ 2 acquisitions completed Cities where Fasadgruppen’s subsidiaries are located 2
Slide 3: Net sales | Q1 2024
Net sales | Q1 2024 MSEK ▪ Total decrease of 9% +3.3% -11.5% ▪ Revenues down 12% organically* -0.4% ▪ Q1 affected by low project activity, unfavourable weather +0.9% net sales growth and an early easter ▪ Development mostly attributable to operations in MSEK, quarter MSEK, LTM Sweden 1600 6000 1400
Slide 4: Adjusted EBITA | Q1 2024
Adjusted EBITA | Q1 2024 2024 2023 2024Q1 2023 ▪ Adjusted EBITA margin at 1.9% (6.5%) SEK million Q1 Q1 Δ 12m 12m Δ ▪ Impact from activity within new construction Adjusted EBITA 20.3 74.1 -72.5% 394.2 448.0 -12.0% Adj. EBITA margin 1.9% 6.5% 7.9% 8.8% ▪ Overhead geared for order backlog execution ▪
Slide 5: Order backlog | 31 Mar 2024
Order backlog | 31 Mar 2024 MSEK +3.8% +3.8% +0.5% ▪ Order backlog increase of 4% organically ▪ Growing organic order backlog in Denmark, Norway and Finland +8.1% order backlog growth ▪ Stable to slightly increasing order backlog margin MSEK, quarter 4000 3500 3000 2500 2000 1500 1000 500 +29.8% CAG
Slide 6: Cash flow | Q1 2024
Cash flow | Q1 2024 2024 2023 2024Q1 2032 ▪ Cash flow follows seasonal pattern SEK million Q1 Q1 Δ 12m 12m Δ ▪ Operating cash flow at 18.4m (77.1m), due to lower Operating cash flow 18.4 77.1 -76.1% 488.9 547.6 -10.7% Δ Working capital 6.7 -7.4 138.0 123.9 earnings and a more normalised investment l
Slide 7: Financial capacity and net debt | 31 Mar 2024
Financial capacity and net debt | 31 Mar 2024 Type Amount (SEKm) SEK million 31 Mar 2024 31 Dec 2023 Revolving credit facilities (NOK & DKK) 479.4 Interest-bearing debt 1,523.3 1,539.7 Term loans 1,045.0 Lease liabilities (+) 176.5 168.1 Total current facilities 31 Mar 2024 1,524.4 Cash and cash equ
Slide 8: M&A development – acquisitions in Q1
M&A development – acquisitions in Q1 Acquisition Location Niche Revenues in past financial Completed year Kolding, Denmark Balcony solutions DKK 37 million January 2024 Oslo, Norway Roofing and solar cells NOK 24 million March 2024 ▪ Acquisitions expected to be margin and earnings accretive ▪ Elenta
Slide 9: Final deal reached for Energy Performance of Buildings Directive
Final deal reached for Energy Performance of Buildings Directive Non-residential buildings Residential buildings ▪ Improvements based on minimum energy ▪ Average primary energy use must decrease by 16% performance standards targeting a gradual phase- until 2030 and by 20-22% until 2035 out of the wo
Slide 10: Concluding remarks
Concluding remarks ▪ Low season ▪ Renovation projects ramp up during spring ▪ Healthy order backlog growth ▪ Positioned to capitalise on long-term market drivers Save the date: Capital Markets Day – 2 September at 1pm in Stockholm 10
Slide 11: Q&A
Q&A Martin Jacobsson, CEO Casper Tamm, CFO Adrian Westman, Head of Comms & Sustainability