Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q2 2024 Earnings Presentation
13 slides from Troax Group Ab Class A's earnings presentation, Aug 14, 2024
Slide 1: Interim Report Q2 2024
i >TROAX GROUP « INTERIM REPORT 2 2024 2024-08-14 MARTIN NYSTROM, PRESIDENT AND CEO ANDERS EKLOF, CFO
Slide 2: Order intake growth despite market head wind
Order intake growth despite market head wind • Our order intake grew by 6% supported by structure (+9%) • Revenues grew by 5% where of structure (+8%) +6% Order intake growth • Mixed demand picture with positive development in UK and APAC Resilient EBITA-margin despite lower organic volumes • Solid
Slide 3: Revenues by segment and region, order intake Q2 2024
Automotive Warehousing Construction Process Other Total % of ~20% ~25% ~10% ~10% ~35% 100% revenues 2023 Percent of revenues Order intake Y/Y (2023) Q2 2024 Continental Europe 52% -4% North America 16% -5% Nordics 15% -12% United Kingdom 10% +15% New markets 9% +9% < - 10% -5% to 5% >5%
Slide 4: Order intake (MEUR)
Order intake by quarter (MEUR) Growth +6% +6% 65,4 -3% +9% 65,4 69,6 69,6 20-Q2 21-Q2 22-Q2 23-Q2 23-Q3 23-Q4 24-Q1 24-Q2 Q2-23 Organic Structure Q2-24 Order intake (MEUR) 69.6 (+6%)
Slide 5: Revenues (MEUR)
Revenues by quarter (MEUR) Growth 68,5 +5% Revenues -4.4% +8.7% 71,9 68,5 71,9 20-Q2 21-Q2 22-Q2 23-Q2 23-Q3 23-Q4 24-Q1 24-Q2 Q2-23 Organic Structure Q2-24 Revenues (MEUR) 71.9 (+5%)
Slide 6: EBITA margin (%)
20 -7% 25 20,9 EBITA margin (%) 20,1 19,0 20 15 15,5 16,8 16.8 % (-7%) 15 10 10 • Dilution from structure (-0.7%) 13,0 12,1 5 • Lower organic volumes 5 • Higher sales and administration 0 0 costs (lion part one-off) 20-Q2 21-Q2 22-Q2 23-Q2 23-Q3 23-Q4 24-Q1 24-Q2
Slide 7: Q2 2024 key figures and growth
MEUR Q2 2023 Q2 2024 GROWTH OI Revenues Order intake 65.4 69.6 Organic -3 -4 Revenues 68.5 71.9 Structure +9 +9 EBITA 13.0 12.1 Organic + structure +6% +5% EBITA (%) 19.0 16.8 Currency - - Net debt / EBITDA 0.7 1.1 Total +6% +5% EPS 0.16 0.14
Slide 8: Working capital
100 25 90 21,1 20,5 Working Capital 80 20 70 +2% 58.9 MEUR (+2%) 60 15 50 40 10 30 58,9 • Stable working capital with seasonally 57,6 5 higher inventories 20 10 • Stable and lower AR and AP due to 0 0 lower volumes 20-Q2 21-Q2 22-Q2 23-Q2 23-Q3 23-Q4 24-Q1 24-Q2 NOTE: Working capital is defined as 3
Slide 9: Financial net debt / EBITDA 1.1 (R12)
90 3,0 Financial Net debt / EBITDA 80 2,5 70 2,0 1.1 (R12) 60 1,5 50 1.1 1,0 • Target is to be below 2.5 40 0,5 • Significant fire power for acquisitions 30 20 0,0 20Q4 21Q4 22Q4 23Q4 24Q2 Financial net debt Net debt/EBITDA
Slide 10: Free operating cash flow 10.2 MEUR
25 140 Free operating cash flow 120 20 99 100 10.2 MEUR 15 13.9 74 80 10.2 60 10 40 5 • Solid cash flow generation from our 20 operating business 0 0 20-Q2 21-Q2 22-Q2 23-Q2 23-Q3 23-Q4 24-Q1 24-Q2 Operating cash flow (MEUR) R3 Cash conversion %
Slide 11: Order intake growth despite market head wind
Order intake growth despite market head wind • Our order intake grew by 6% supported by structure (+9%) • Revenues grew by 5% where of structure (+8%) +6% Order intake growth • Mixed demand picture with positive development in UK and APAC Resilient EBITA-margin despite lower organic volumes • Solid
Slide 12: Safety solutions caring for everyday safety
Safety solutions caring for everyday safety
Slide 13: Q&A
i »Q&A