Slide 1: Lindab Group Q2 report 2022
For a better climate TM Lindab Group Q2 report 2022 20 July 2022 Ola Ringdahl President & CEO
Slide 2: Q2 highlights
Q2 highlights Comparison numbers exclude the Strong organic and acquired growth divested business area Building Systems. • First time Lindab achieves sales above SEK 3 bn in a quarter. Q2 YTD • Sales supported by high steel prices. • Felderer main contributor to the acquired growth. Sales (SEK m) 3,
Slide 3: Strong sales supported by pricing and acquisitions
Strong sales supported by pricing and acquisitions Sales per quarter, SEK m SEK m Ventilation Systems SEK m Lindab Group SEK m Profile Systems Sales, SEK m Comparison numbers exclude the divested business area Building Systems.
Slide 4: Strong margin development during difficult times
Strong margin development during difficult times Adj. EBIT per quarter and R12 months SEK m Ventilation Systems % SEK m Lindab Group % SEK m Profile Systems % Adj. EBIT, SEK m Adj. EBIT, R12 months, % Comparison numbers exclude the divested business area Building Systems.
Slide 5: Financial position supports continued growth
Financial position supports continued growth Cash flow +5% Cash flow • Cash flow from operating activities amounted to SEK 161 m (227). from operating activities before change in working capital 425 SEK m -0.1 • Cash flow from operating activities, before changes in working capital, amounted to SEK
Slide 6: Building a stronger Lindab
Building a stronger Lindab 6
Slide 7: Acquisitions of high-quality companies
Acquisitions of high-quality companies • Well-managed, successful companies • Complement Lindab’s business in selected regions and product areas March/April June/July June July Felderer, Germany Muncholm, Denmark R-Vent, Netherlands Girovent, Sweden Revenue: SEK 700 m Revenue: SEK 250 m Revenue: SEK
Slide 8: Acquisitions and divestments the last 2 years
Acquisitions and divestments the last 2 years Acquired Divested Company Type Country Revenue (MSEK) EBIT vs Lindab Company/Unit Type Country Revenue (MSEK) EBIT vs Lindab Girovent Products/Distribution Sweden 55 Comparable Business Area Building Customized Several countries, with a 946 Lower Systems
Slide 9: Investments to increase efficiency, capacity and safety
Investments to increase efficiency, capacity and safety • SEK 99 m (86) invested in Q2, with attractive payback. • The current investment program will continue until 2025. • Focus on increased automation, expansion of capacity and improved safety. Gross investments, SEK m Slitting line for Lindab St
Slide 10: Increased demand for energy-efficient and sustainable solutions
Increased demand for energy-efficient and sustainable solutions • Increased demand for energy-efficient ventilation systems when energy prices rise. • High energy prices should increase the pace of the renovation wave in EU and the implementation of EU’s Green Deal. • Larger customers are prioritizi
Slide 11: Outlook & Priorities
Outlook & Priorities Market outlook • Strong long-term demand for healthy indoor environments. Growing demand for energy-savings, driven by higher energy prices. • Short-term demand for Lindab looks solid. Lindab priorities • Secure high delivery performance to customers and ensure raw material avai
Slide 12: Thank you! Questions?
©lLindab’ Thank you! Questions?