Slide 1: Interim Report Q4 Oct–Dec 2021
Interim Report Q4 Oct–Dec 2021 Andreas Stenbäck, CEO Martin Aronsson, CFO 11 February 2022 1
Slide 2: A. Volati at a glance B. Quarter four update
A. Volati at a glance B. Quarter four update Volati Year-end Report January-December 2021 2
Slide 3: Volati is a growing group of well-managed companies with strong earnings
Volati is a growing group of well-managed companies with strong earnings Volati Net sales 2021 SEK 6,309 m EBITA 2021 SEK 664 m Industry +24% +68% EBITA EBITA growth LTM growth LTM Share of Share of group group ~55% ~45% EBITA, LTM EBITA, LTM Domestic markets Q4 Q4 Subsidiaries Volati Year-end Repor
Slide 4: Recent activities has resulted in a focused group with stronger key characteristics
Recent activities has resulted in a focused group with stronger key characteristics Value transfer of • Sale of Business Area Consumer SEK +1.7 bn • Separate listing of Bokusgruppen • 8 acquisitions to shareholders while • Navigating through covid growing EBITA with 12% • New management team in plac
Slide 5: Volati is about long term value growth
Volati is about long term value growth • We build strong platforms through focusing on adding value to our units, while still ensuring a decentralized model • We continuously develop the leadership and talent in our organization, to ensure our platforms have access to competence • We are focused on
Slide 6: A. Volati at a glance B. Quarter four update
A. Volati at a glance B. Quarter four update Volati Year-end Report January-December 2021 6
Slide 7: Strong earnings growth
Strong earnings growth • EBITA growth +73% to SEK 159 million ─ 39% organic growth • Profit per ordinary share +213% to SEK 1.05 (0.34) for continuing operations ─ +105% for full year 2021 • Two add-on acquisitions during Q4, and one in January 2022 ─ Eight acquisitions during 2021 • Return on adjus
Slide 8: Financial development, Q4 2021
Financial development, Q4 2021 +35% +73% Net sales EBITA Operating cash flow Net debt/adjusted EBITDA SEK 1,722 m SEK 159 m SEK 290 m 1.3 x (Q4 2020: 1,275) (Q4 2020: 92) (Q4 2020: 254) (Q4 2020: -0.8x) Net sales, SEK m EBITA, SEK m 1800 1600 200 1400 1200 150 1000 800 100 600 400 50 200 0 0 Kv.1 Kv
Slide 9: Financial development, FY 2021
Financial development, FY 2021 Net sales +58% 6,309 CAGR 700 664 25% +48% SEK m 597 (Q4 2020: 4,921) 600 20% 512 500 464 EBITA 421 398 664 15% 400 373 SEK m 312 300 (Q4 2020: 421) 257 10% 10,5% 10,0% 9,0% 9,4% 200 138 8,3% 8,6% 8,6% Operating cash flow 7,6% 7,5% 5% 5,8% 487 100 SEK m 0 0% 2017 2018
Slide 10: Financial targets
Financial targets EBITA growth Return on adjusted equity Capital structure The target is an average annual growth in The long-term target is a return on The target is a net debt/adjusted EBITDA2) EBITA2) per ordinary share of at least 15 adjusted equity2) of 20 percent1). ratio of 2 to 3 times as an
Slide 11: Two business areas with high growth focus
Two business areas with high growth focus Industry Products in builder’s hardware, Products and solutions for companies in consumables, and materials for grain management, dampness and water construction, home and garden, packaging damage management, labels, stone and forestry along with agriculture
Slide 12: Growth focus and disciplined pricing
Growth focus and disciplined pricing Previously business area Trading • Sales increased by 18% and EBITA by 5% over Q4 2020 • Healthy growth despite high comparative figures from last year 45% • Increased demand in the construction and wood industries for professionals, while the DIY segment is flat
Slide 13: Financial development, FY 2021
Financial development, FY 2021 CAGR +27% +24% 350 25% 326 329 312 300 292 265 20% 250 243 214 Net sales 15% 200 178 SEK 3,262 m 150 125 158 10% (Q4 2020: 2,665) 10,4% 10,5% 10,1% 9,7% 9,9% 10,0% 100 9,1% 8,3% 7,8% 7,5% EBITA 5% 50 SEK 329 m 0 2017 2018 2019 LTM Q2 LTM Q3 LTM Q4 LTM Q1 LTM Q2 LTM Q3
Slide 14: Industry: Strong demand, acquisitions and synergies
Business area Industry Strong demand, acquisitions and synergies • Sales growth of 55% and an EBITA increase of 83%, vs. Q4 2020 with seven acquisitions during 2021 contributing positively • Broad improvement, with high demand on the business units products 55% • Margin improvements due to strong de
Slide 15: Financial development, FY 2021
Financial development, FY 2021 CAGR +68% +50% 397 Business area 400 25% Industry 350 343 20% 300 278 256 250 236 Net sales 221 13,0% 15% 208 12,6% 3,050 200 11,3% 11,4% 10,6% 179 10,5% 10,9% 9,8% 10,2% SEK m 144 8,9% 10% 150 (Q4 2020: 2,193) 100 79 5% EBITA 50 SEK 397 m 0 2017 2018 2019 LTM Q2 LTM Q
Slide 16: Acquisitions during 2021 with a total annual turnover of SEK 1.1 billion
Acquisitions during 2021 with a total annual turnover of SEK 1.1 billion Duschprodukter StrongPoint Byggsystem JPT Sweden Scanmast Labels Direkt SALES SALES SALES SALES SALES January 2021 102 March 2021 100 June 2021 294 June 2021 185 June 2021 60 MSEK MSEK MSEK MSEK MSEK Apisa Meag Va-system Jigraf
Slide 17: Skipnes – Continued acquired growth
Skipnes – Continued acquired growth • Sales of NOK ~75 m • A supplier of adhesive labels with and without print, liner less labels and butter wrapping • Head-office and production in Trondheim and sales office outside of Oslo • Ettikettos and Volatis first acquisition for 2022 • Strengthen the marke
Slide 18: Summary
Giving companies the Summary right conditions to grow Continuing to offer long term value growth • EBITA growth of +73% to SEK 159 m in the quarter and 58% full year 2021 • Earnings per ordinary share up 105% based on continuing operations • Return on adjusted equity ~ 38%, excl effects the listing
Slide 19: volati.
volati.