Lindab International Ab · OMXSTO:LIAB

Lindab International Ab — Q1 2023 Earnings Presentation

12 slides from Lindab International Ab's earnings presentation, May 3, 2023

  1. Slide 1: Lindab Group Q1 report 2023

    For a better climate TM Lindab Group Q1 report 2023 3 May 2023 Ola Ringdahl President & CEO Lars Ynner CFO

  2. Slide 2: Q1 highlights

    Q1 highlights Strong sales growth Q1/23 Q1/22 • Sales growth of 18%, mainly driven by acquisitions. • Felderer, R-Vent, Muncholm and Liftasud are Sales (SEK m) 3,224 2,733 the main contributors to the acquired growth. Organic growth -5% +23% • Highest quarterly sales and operating profit Acquired gr

  3. Slide 3: Strong sales in Ventilation Systems, driven by acquisitions

    Strong sales in Ventilation Systems, driven by 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.

  4. Slide 4: Profitability lower than plan in Profile Systems in Q1

    Profitability lower than plan in Profile Systems in Q1 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.

  5. Slide 5: Strong cash flow supports continued growth

    Strong cash flow supports continued growth Strong cash flow • Cash flow from operating activities increased to Cash flow from operating activities 355 SEK m SEK 355 m (-213) in Q1. • The change in working capital was mainly related to less capital tied up in stock. Net debt / EBITDA 1.8 • Free cash

  6. Slide 6: Increased dividend

    Increased dividend Dividend • Dividend policy of at least 40% SEK/share of net profit. • Strong net profit and a solid financial position. • Board of Directors proposes a dividend of SEK 5.20 (4.00), a 30% increase • Payment to be distributed in May and November. 6

  7. Slide 7: Building a stronger Lindab

    Building a stronger Lindab 7

  8. Slide 8: Acquisitions of high-quality companies

    Acquisitions of high-quality companies Acquired revenue per business area, since 2020 MSEK 2500 • Four acquisitions in 2023, two in Q1 and two in Q2. 2000 • 21 acquisitions in total since 2020, adding SEK 2.7 billion in revenue. 1500 • Divestment of SEK 1.3 billion in revenue during 2020-2022. 1000

  9. Slide 9: Investments to increase efficiency, capacity and safety

    Investments to increase efficiency, capacity and safety • SEK 97 m (106) invested in Q1, with attractive payback. • The current investment program will continue until 2025. • Focus on increased automation, expansion of capacity and improved safety. • Investment in renewable energy for Lindab’s produ

  10. Slide 10: For a better climate

    For a better climate • 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. • Commitment to Science Based Targets initiative on 8 January, to contribute

  11. Slide 11: Outlook & Priorities

    Outlook & Priorities Market outlook • The demand for ventilation systems is stable in most parts of Europe. • Profile Systems has high exposure to the Swedish market where new construction is slowing down. • The ventilation market is expected to show more stability due to increased renovation and de

  12. Slide 12: Thank you! Questions?

    ©lLindab’ Thank you! Questions?

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