Slide 1: Telephone conference
Telephone conference CEO Susanna Campbell 17 February 2016
Slide 2: An eventful year
An eventful year ▪ Good earnings and sales trend ▪ Profit/share of profits SEK 664m (392) ▪ Three divestments – exit gains SEK 1,101m ▪ Interesting acquisitions ▪ Impairment impacts Q4 profit ▪ Strong financial position ▪ Proposed dividend of SEK 3.25 per share 17 Feb 2016 2
Slide 3: Changed company portfolio with growth potential
Changed company portfolio with growth potential Sales breakdown by segment*, at 31 December 2015 Net sales development*, at 31 December 2015 Healthcare/… % 30 Services; 10% 25 20 15 10 Industrials; Technology, 5 59% Media, 0 Telecom; 14% -5 -10 -15 -20 Consumer; 14% * Adjusted for the size of Ratos’
Slide 4: Stable market development
Stable market development ▪ Unchanged and generally stable market situation in existing portfolio ▪ Slowdown in demand in Asia ▪ Attractive segments with structural growth +4 % Net sales growth * Adjusted for the size of Ratos’s holding. 17 Feb 2016 4
Slide 5: Good development in the companies
Good development in the companies ▪ Effects of growth and efficiency improvement initiatives +9 % EBITA ▪ Aibel – record-high order intake ▪ ArcusGruppen – Nordic expansion ▪ Bisnode – recovery Q4 ▪ DIAB – comeback and investments in China +6 % ▪ HENT – growth and good project execution Adjusted EBI
Slide 6: Development in the companies Q4 2015
Development in the companies Q4 2015 100% Ratos’s share Sales +2% +5% EBITA +30% -2% Adjusted EBITA -8% -7% EBT - - Adjusted EBT +42% +56% 17 Feb 2016 6
Slide 7: Development in the companies 2015
Development in the companies 2015 100% Ratos’s share Sales +1% +4% EBITA +21% +9% Adjusted EBITA +5% +6% EBT +665% +94% Adjusted EBT +55% +51% 17 Feb 2016 7
Slide 8: Company overview – development status
Company overview – development status GOOD DEVELOPMENT DEVIATIONS CHALLENGES ArcusGruppen Aibel MID CAP DIAB Bisnode HENT HL Display KVD Ledil Mobile Climate Control Nebula 55% Share of adjusted EBITA 31% Share of adjusted EBITA SMALL CAP airteam* Biolin Scientific AH Industries Serena Properties* E
Slide 9: Company overview – development status
Company overview – development status GOOD DEVELOPMENT DEVIATIONS CHALLENGES Sales +15% Sales -7% MID CAP EBITA +36% EBITA +6% Adjusted EBITA +34% Adjusted EBITA -5% Adjust. EBITA-marg +8.2% (7.1) Adjust. EBITA-marg +7.0% (6.8) 55% Share of adjusted EBITA 31% Share of adjusted EBITA SMALL CAP Sales
Slide 10: Net seller in strong transaction market
Net seller in strong transaction market ▪ High level of transaction activity ▪ Good access to bank financing ▪ IPO market slowing down? ▪ Extra emphasis on acquisition activities 17 Feb 2016 10
Slide 11: Acquisition of Serena Properties
Acquisition of Serena Properties ▪ Acquisition November – EV EUR 191.5m Key facts Serena Properties (100%) Leasable area 152,000 sq.m. Economic letting ▪ 56% holding – Ratos invests EUR 39m ratio 97% Rental income approx. EUR 18m ▪ Newly formed real estate company with a No of properties CEO 22 Marc
Slide 12: Acquisition of airteam
Acquisition of airteam ▪ Agreement signed in February – EV approx. Key facts airteam DKK 575m (100%) Sales 2014/15 DKK 448m ▪ 70% holding – Ratos invests approx. DKK 250m EBITA 2014/15 DKK 62m No of employees 150 ▪ airteam provides installation of high-quality and Head office Aarhus efficient ventil
Slide 13: Unchanged dividend proposed
Unchanged dividend proposed ▪ SEK 3.25 per ordinary share ▪ Earnings per share before dilution SEK 1.29 (3.22) ▪ Dividend policy − Actual earnings trend − Ambition is stable development SEK Dividend per ordinary share 4 3 +9 % 2 1 Total return 2015 0 2012 2013 2014 2015* * Proposed dividend. 17 Feb
Slide 14: Expectations for 2016
Expectations for 2016 ▪ Stable, but shifting market trends ▪ Strong transaction market? ▪ Current portfolio of companies has potential for improved operating profit in 2016 ▪ Continued development of Ratos, our organisation and our companies 17 Feb 2016 14
Slide 15: 150 years of entrepreneurship, company development and community involvement
150 years of entrepreneurship, company development and community involvement