Slide 1: Ratos Q1 – 2021 Presentation
Ratos Q1 – 2021 Presentation April 30, 2021
Slide 2: Ratos – an active owner building great companies
Ratos – an active owner building great companies Large / mid Long-term Total EBITA HQs in the sized and active Sales Growth Nordics companies ownership 61% 10 200 SEK 34 bn (LTM ) Employees in (LTM ) 11 companies 100% ownership) 2.0 in 30+ countries Billion SEK in EBITA (LTM) EBITA LTM Ratos compani
Slide 3: Q1 2021: Continued strong EBITA development
Q1 2021: Continued strong EBITA development Comments Quarterly EBITA Ratos Share, MSEK Net sales amounted to 4,666 MSEK (5,588) - Bisnode divested (655 MSEK) - Negative impact from Covid-19 in majority of companies +61% - Organic growth -2% 173 EBITA increased to 173 MSEK (108) ̶ Bisnode diveste
Slide 4: Leverage is decreasing
Leverage is decreasing Net Debt / EBITDA LTM Comments Net Debt / EBITDA amounted to -0.6x in Q1 2021 (2,7x) 3.8x EBITDA increased by 5%, Net Debt decreased by 1,4 bn SEK (of which Bisnode accounts for 1,2 bn SEK) -3.3x 2.7x Cash flow from operations decreased to -524 MSEK (-107) Cash and cas
Slide 5: Program for centralized financing of Ratos companies
Program for centralized financing of Ratos companies Lower interest costs for Ratos Group Initially by using cash at Ratos AB So far centralized financing for HL Display, Diab and Ledil Additional Ratos companies are expected to be financed by Ratos AB 5
Slide 6: Transformation completed – focus on profitable growth
Transformation completed – focus on profitable growth Ratos a business group Improve EBITA in current Structural changes companies Structure, Processes, Culture Stability Divestment of Bisnode Organic EBITA growth Divestment Spira, Jøtul, Add on acquisitions in Profitability Gudrun Sjödé
Slide 7: M&A activities in the quarter
M&A activities in the quarter Exit of Bisnode completed ̶ Closing of sale of Bisnode and Bisnode Belgium divested ̶ Capital gain 1.8 bn SEK HL Display acquired Concept Group (4 March) and CoolPresentation (1 April) ̶ Strengthen market positions in UK and the Netherlands Agreement to acquire Ve
Slide 8: Business Area: Construction & Services
Business Area: Construction & Services Q1 Organic growth EBITA -7% +41% Organic growth EBITA Q1 2021 Q1 2021 Q1 2020 Δ% Aibel -3% 46 29 +57% airteam +13% 14 6 +135% HENT -14% 31 35 -11% Speed Group +28% 17 6 +186% Total -7% 107 76 +41% Adjusted for Ratos share, (MSEK) 8
Slide 9: Speed Group – a successful turn-around enables further growth
Speed Group – a successful turn- around enables further growth Strong underlying logistics market and successful collaboration and trust from customers drives revenue increase in 2021 With an estimated market share of 10%, Speed Group is number 5 on the Swedish 3PL-market Strong focus 2019 & 2
Slide 10: Business Area: Consumer
Business Area: Consumer Q1 Organic growth EBITA +9% +27% Organic growth EBITA Q1 2021 Q1 2021 Q1 2020 Δ% Bisnode NA - 58 - Kvdbil +10% 8 5 +71% Oase Outdoors -2% 19 11 +84% Plantasjen +21% -97 -169 +43% Total +9% -69 -96 +27% Adjusted for Ratos share, (MSEK) 10
Slide 11: Oase – Market leading camping and outdoor equipment specialist
Oase – Market leading camping and outdoor equipment specialist Vilket bolag vill vi beskriva här? Addressable European W/S market of approx. 1,2 billion Euro. Market is expected to continue with solid growth driven by long-term green and recreational trends Leading product portfolio with three d
Slide 12: Business Area: Industry
Business Area: Industry Q1 Organic growth EBITA -1% +6% Organic growth EBITA Q1 2021 Q1 2021 Q1 2020 Δ% Diab -1% 46 67 -30% HL Display +5% 59 36 +63% LEDiL +12% 19 14 +39% TFS -15% 11 11 +0% Total -1% 136 128 +6% Adjusted for Ratos share, (MSEK) 12
Slide 13: HL Display – European market leader in shelf management
HL Display – European market leader in shelf management The grocery retail market is undergoing change, moving form larger to smaller formats and increasing importance of fresh food, a change where HL is an integral part HL help grocery retailers drive sales, save labour cost, create differentia
Slide 14: Q1 2021 Highlights
Q1 2021 Highlights Continued strong EBITA growth ̶ Seven quarters in a row with an increasing EBITA (despite divestment of Bisnode) ̶ 9 out of 11 companies increased EBITA ̶ 10 out of 11 companies increased profit margins Revenue growth impacted by Covid-19 Increased M&A activity in the quarte
Slide 15: New financial targets
New financial targets Dividend payout EBITA Net Debt / EBITDA 30 - 50% 3 Billion SEK 1.5 – 2.5x of profit after tax Net debt in relation to EBITDA The dividend payout ratio should normally range from 1.5 EBITA is to amount to at least should amount to 30 - 50% of to 2.5x, excluding financial SEK 3 b
Slide 16: Q&A
Q&A RATOS
Slide 17: Relentless since 1866
Relentless since 1866 www.ratos.com