Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q2 2021 Earnings Presentation
17 slides from Lindab International Ab's earnings presentation, Jul 20, 2021
Slide 1: Lindab Group Q2 2021
For a better climate TM Lindab Group Q2 2021 20 July 2021 Ola Ringdahl President & CEO Madeleine Hjelmberg Acting CFO
Slide 2: Key highlights Q2
Key highlights Q2 • Record high sales in the quarter. +24% +3.0 pp • Organic growth in all business areas. • Ventilation Systems and Profile Systems, had 2,747 13.0% SALES, OPERATING the highest sales and the highest operating SEK m MARGIN (adj) profit ever for a single quarter. • During the last tw
Slide 3: Strong geographic performance in Q2
Strong geographic performance in Q2 • High organic sales growth in all geographic regions. Growth • Strong sales for Ventilation +15% 50% Systems and Profile Systems in all regions. • Sales growth for Building Systems, primarily in CEE/CIS. Nordic Growth 18% +37% Growth +39% 31% CEE/CIS Western Euro
Slide 4: Financials
Financials 4
Slide 5: Lindab Group Q2 financial highlights
Lindab Group Q2 financial highlights High sales growth and record strong results SEK m % Q2 Net sales and EBIT margin • Currency adjusted sales was 28% higher than Q2 the previous year. Construction activity has Q2 continued to recover. Adj. EBIT% • EBIT increased by 60% to SEK 356 m, thanks to stro
Slide 6: Ventilation Systems Q2 financial highlights
Ventilation Systems Q2 financial highlights Strong organic sales growth and record high Q2 Net sales and EBIT margin1 profitability SEK m % • Strong development in all geographic regions. Q2 Sales, Adj. EBIT% • Organic growth was 26%. Acquisitions and divestments, contributed with 4%. • Record high
Slide 7: Profile Systems Q2 financial highlights
Profile Systems Q2 financial highlights Strong organic sales growth and record high Q2 Net sales and EBIT margin1 profitability SEK m % • Organic growth corresponded to 29% and was Q2 Sales, related to growth in all geographic regions. Adj. EBIT% • During the quarter, significant deliveries were als
Slide 8: Building Systems Q2 financial highlights
Building Systems Q2 financial highlights Stable performance with increasing order activity Q2 Net sales and EBIT margin1 SEK m % • Net sales increased organically by 14%. Negative currency effect due to weaker Russian rouble. Q2 Sales, Adj. EBIT% • Adj. EBIT margin of 4.9%, a sequential improvement
Slide 9: Lindab Group Q2 cash flow
Lindab Group Q2 cash flow Continued strong financial position SEK m SEK m Cash flow, operating activities, SEK m • Free cash flow adjusted for M&A amounted to SEK 147 m (229) in Q2. Quarter • Our strategic focus on delivery performance and the R 12M higher demand, have led to increasing inventory in
Slide 10: Investment program
©Lindab’ Investment program
Slide 11: Investments to increase efficiency, capacity and safety
Investments to increase efficiency, capacity and safety • SEK 86 m invested in Q2, with attractive payback. • Increased automation to improve efficiency. • New equipment to create a safer work environment. • Expansion of regional production facilities to meet increased demand. • New and expanded war
Slide 12: Building a stronger Lindab
Building a stronger Lindab 12
Slide 13: Acquisition of H.A Helgesen
Acquisition of H.A Helgesen • In May, Lindab signed an agreement to acquire the Norwegian ventilation company H.A. Helgesen & Sønner AS. • Lindab gets access to sales and production of rectangular ventilation ducts and distribution in western Norway. • Sales of NOK 15 m and an operating margin that
Slide 14: Acquisition of the Swedish roof specialist Kami
Acquisition of the Swedish roof specialist Kami • In July Lindab acquired KAMI AB. • Sheet metal roof with a sand-coated surface, having the appearance of a tile roof. Kami's roof is marketed under the name Plegel. • Strengthens Lindab’s market position in northern Sweden and in Norway. • Annual sal
Slide 15: Steel price development
Steel price development • Significant shortage of steel and other raw materials in the market • As a large purchaser of steel, Lindab has guaranteed access to raw material and good visibility of the price development. • High steel prices are expected going forward. • Lindab is continuously adjusting
Slide 16: Key highlights Q2
Key highlights Q2 • Record high sales in the quarter. +24% +3.0 pp • Organic growth in all business areas. • Ventilation Systems and Profile Systems, had 2,747 13.0% SALES, OPERATING the highest sales and the highest operating SEK m MARGIN (adj) profit ever for a single quarter. • During the last tw
Slide 17: Thank you! Questions?
©Lindab’ Thank you! Questions?