Sdiptech Ab Class B · LSIN:0AAV
Sdiptech Ab Class B — Q1 2023 Earnings Presentation
21 slides from Sdiptech Ab Class B's earnings presentation, May 4, 2023
Slide 1: Q1 Report January – March 2023
Q1 Report January – March 2023 May 4, 2023 Creating sustainable, efficient and safe societies
Slide 2: Today’s presenters
Today’s presenters Jakob Bengt Holm Lejdström CEO CFO ▪ Joined Sdiptech in 2014 ▪ Joined Sdiptech in 2018 ▪ 411,228 Class B shares (through ▪ 107,640 Class B shares, 500 Preference Currussel AB), 2,840 Preference shares shares and 37,500 warrants and 50,000 warrants ▪ Background: CFO Lagercrantz Gro
Slide 3: First quarter, Financial development, Outlook
First quarter Financial development Outlook 3
Slide 4: Creating sustainable, efficient and safe societies
Creating sustainable, efficient and safe societies Sdiptech’s infrastructure segments Creating sustainable, efficient and safe societies Water & Power & Bio Economy & Air & Safety & Sanitation Energy Waste Management Climate Security Transportation An infrastructure technology group Key drivers ▪ Th
Slide 5: Highlights for the first quarter
Highlights for the first quarter ▪ EV unit’s back on track, better than expected ▪ Successfully scaled up production volumes of the new technology ▪ Sales and profit in line with previous year exceeding our expectations ▪ Demand continues to be strong ▪ Strong organic growth in quarter, organic net
Slide 6: Unit for EV-charging, well positioned for growth
Unit for EV-charging, well positioned for growth ▪ New technology platform ▪ A total redesign of the controller unit, all IPR of hardware and software belongs to us ▪ New functions not available on the market today, next generation of EV chargers ▪ Compliant with regulations in the UK from 1st of Ju
Slide 7: Acquisition in Q1: HeatWork
Acquisition in Q1: HeatWork ▪ Annual sales of NOK 120 million with good profitability ▪ Develops niche products within hydronic heating, global sales ▪ Application areas such as energy generation, agriculture & horticulture, pest control, and municipal water protection ▪ Innovative and disruptive te
Slide 8: Acquisitions
Acquisitions 180 158 161 160 150m • Financial target 2021- : 120-150msek 140 ▪ Acquisition pipeline is solid 120 120m EBITA MSEK • Financial target 2016-20: 90msek 100 93 94 ▪ Financial position is good 90 83 80 67 ▪ For 2023; meet (not exceed) the 60 target of SEK 120-150 million in EBITA 40 24 20
Slide 9: Financial development
Fourth quarter Financial development Outlook 10
Slide 10: Group sales & EBITA*-margin
Group sales & EBITA*-margin MSEK +34% 4,000 25% Comments Sales by country 3,797 Sales increased by 37%, LTM Q1 2023 3,505 whereof 14.7% organic, 3,500 excl currency effects +26% 3,026 3,237 19.4% 19.2% 20% 15% 18.7% 18.9% 19.1% 19.1% 21% 3,000 2,844 Strong contribution from 16.6% 2,719 both acquisit
Slide 11: EBITA* & EBITA*-margin
EBITA* & EBITA*-margin MSEK +36% 800 25% Comments 730 700 671 ▪ EBITA* increased by 40%, whereof 629 19,4% 8.8% organic, excl currency effects +42% 18,9% 19,1% 19,1% 19,2% 20% 600 577 ▪ EBITA* margin was 18.9% (18.5) 16,6% 18,7% 538 ▪ Most comparable units had stronger 509 results than last year 500
Slide 12: Resource Efficiency
Resource Efficiency 1 400 25% 24,4% 23,7% 1 262 1 321 Comments 24,3% 23,2% 1 270 1 237 22,8% 21,7% ▪ Sales increased by 15% to SEK 391m (340) 1 200 1 157 21,5% 20,8% 20% ▪ Contributions from acquisitions and most of 1 028 the comparable units, e.g. unit for replacement 19,1% 1 000 and renovation of
Slide 13: Special Infrastructure Solutions
Special Infrastructure Solutions 2 476 2 500 25% Comments 2 235 ▪ Sales increased by 54% to SEK 685m (444) 1 974 ▪ Strong contributions from acquisitions 2 000 20,4% 20% 1 789 19,8% 20,2% 1 691 1 688 ▪ Several comparable units also contributed, e.g. 18,6% 19,0% 18,5% security systems for public envi
Slide 14: Additional metrics
Additional metrics Cash conversion, EPS 1) from ops (SEK per share) Net financial Net debt/ debt/EBITDA EBITDA2) Q1 2023 45% 2.43 (73%) (2.03) 1.83 3.53 (1.28) (3.45) LTM Q1 71% 11.88 2023 (73%) (6.89) 1) EPS: earnings per ordinary share, after dilution and deduction of dividends to preference share
Slide 15: Outlook
Fourth quarter Financial development Outlook 16
Slide 16: Looking ahead
Looking ahead Solid demand in the infrastructure segments where we are present ▪ No material signs of weakening demand, order books are solid ▪ EV unit better equipped than ever ▪ Shorter time-to-market for new products and significantly higher production capacity ▪ Not been negatively affected by p
Slide 17: Thank you for listening
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Slide 18: Appendix
Appendix > svITECH
Slide 19: Management Team and Board of Directors
Management Team and Board of Directors Management Jakob Holm 411,228 (Class B), 2,840 (Pref) 50,000 (Warrants) Fredrik Navjord 67,724 (Class B) 25,000 (Warrants) CEO Axholmen, General Electric, Accenture Head of Metric, Addtech, Volvo M.Sc. KTH Royal Institute of Technology Water & Energy M.Sc. Chal
Slide 20: Ownership 31 March 2023
Ownership 31 March 2023 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 5,061,617 12.74% 8.77% Swedbank Robur Fonder 3,379,909 8.50% 5.85% Handelsbanken Fonder 3,043,104 7.66% 5.27% Invesco 2,085,173 5.25% 3.61% Ashkan Pouya 1,424,000 592,967 5.08% 25.69% Saeid Esmaeilzadeh 576
Slide 21: EBITA* → Net profit
EBITA* → Net profit MSEK 2023 2022 2023 2022 Q1 Q1 LTM Mar Full Year Net Sales 1,075.5 783.7 3,797.2 3,505.2 Operational costs -872.3 -638.8 -3,067.8 -2,834.1 Profit from operations, EBITA* 203.2 144.9 729.4 671.1 EBITA*, best representation of the profits from the ongoing operations Acquisition cos