Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q2 2022 Earnings Presentation
24 slides from Fagerhult Group Ab's earnings presentation, Aug 23, 2022
Slide 1: We light up your world
We light up your world Q2 2022 presentation August 23rd 2022 www.fagerhultgroup.com
Slide 2: Second quarter
Second quarter Sales development ─ Market conditions remain favourable with good activity levels ─ Robust growth in net sales, 6,5% organic growth ─ Continued good order intake, R12 above 8 SEK bn Operating margin ─ Cost pressure and strategic investments lowering margins in Q2 ─ Timing delay for in
Slide 3: Q2 2022 in figures
Q2 2022 in figures 2 500 250 2 000 200 Order intake: 2 183 MSEK (2 123) -1,3% organic 1 500 150 Net sales: 2 045 MSEK (1 846) +6,5% organic 1 000 100 Operating profit: 186,5 MSEK (208,2) 500 50 Operating margin: 9,1% (11,3%) 0 0 Earnings per share: 0,74 SEK (0,78) Q2 2021 Q2 2022 Net Sales, MSEK Ope
Slide 4: Q1-2 2022 in figures
Q1-2 2022 in figures 4 500 450 4 000 400 Order intake: 4 388 MSEK (3 977) 3 500 350 +5,9% organic 3 000 300 2 500 250 Net sales: 3 917 MSEK (3 523) +7,0% organic 2 000 200 1 500 150 Operating profit: 359,8 MSEK (361,1) 1 000 100 Operating margin: 9,2% (10,2%) 500 50 0 0 Earnings per share: 1,42 SEK
Slide 5: A world enhanced by light
Our operating model Business Collection Premium Professional Infrastructure areas A world enhanced Connectivity by light Group focus areas People & Innovation Sustainability Culture Q2 2022 presentation 5
Slide 6: Lightshed
Lightshed Less material for same lumen output ─ Body of ABS material from 40% recycled materials ─ Screen of 100% recyclable PMMA ─ Added benefit: sound absorbing Top performance for KPI ‘kg/lumen’ ─ Very light weight, 1,8 kg for 3 000 lumen ─ New industry standard for 60x60 panel Q2 2022 presentati
Slide 7: Stromma
Stromma New IP65 linear solution ─ Designed for transport sector ─ Exceptional glare control and visual comfort ─ Upgradeable with removable gear tray Q2 2022 presentation 7
Slide 8: Silencio: Arin
Silencio: Arin Harmonising Light & Sound ─ Luminaire body in sound absorbing fabric ─ Carbon neutral body, manufactured locally and >60% recycled material ─ EPD – compliant with ISO 14025 and ISO 15804 ─ Declare – Red List free (third-party verified) Q2 2022 presentation 8
Slide 9: Q2 2022 presentation
Fagerhult Group 022022 presentation 9
Slide 10: www.fagerhultgroup.com
www.fagerhultgroup.com
Slide 11: Financial summary Q2
Financial summary Q2 MSEK Q2 2022 Q2 2021 Q1-2 2022 Q1-2 2021 Net sales 2 045 1 846 10,8% 3 917 3 523 11,2% - Organic growth 121 6,5% 246 7,0% - FX-differences 78 148 Operating profit 187 208 360 361 Operating profit, % 9,1% 11,3% 9,2% 10,2% Net profit 131 137 251 234 Earnings per share, SEK 0,74 0,
Slide 12: Financial summary YTD
Financial summary YTD MSEK Q2 2022 Q2 2021 Q1-2 2022 Q1-2 2021 Net sales 2 045 1 846 10,8% 3 917 3 523 11,2% - Organic growth 121 6,5% 246 7,0% - FX-differences 78 148 Operating profit 187 208 360 361 Operating profit, % 9,1% 11,3% 9,2% 10,2% Net profit 131 137 251 234 Earnings per share, SEK 0,74 0
Slide 13: Sales development
Sales development Net sales R12 Net sales R12, MSEK 8000 7000 6000 5000 4000 3000 2000 1000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 2018 2019 2020 2021 2022 Q2 2022 presentation 13
Slide 14: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Adjusted operating margin1,% Rolling 12 months 16,0% 14,0% 12,0% 10,0% 8,0% 6,0% 4,0% 2,0% 0,0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 2018 2019 2020 2021 2022 Q2 2022 presentat
Slide 15: Collection
1200 24% Collection 1200 24% 1000 20% Financials Q2 1000 20% ─ Order intake 967 (893) MSEK, organic 1,9% 800 16% ─ Net sales 963 (822) MSEK, organic 10,8% 800 16% 600 12% ─ Operating margin 8,9% (9,8%) 600 12% 400 8% Business update 400 8% 200 4% ─ Continued high activity level in the specification
Slide 16: Premium
Premium 800 16% Financials Q2 700 14% ─ Order intake 731 (710) MSEK, organic -0,3% 600 12% ─ Net sales 709 (658) MSEK, organic 4,5% 500 10% ─ Operating margin 12,8% (13,7%) 400 8% Business update 300 6% ─ Continued solid performance with strong operating margins 200 4% ─ Order intake growth in both
Slide 17: Professional
1200 24% Professional 400 20% 1000 20% Financials Q2 ─ Order intake 265 (283) MSEK, organic -6,4% 300 800 16% 15% ─ Net sales 246 (265) MSEK, organic -4,9% 600 12% ─ Operating margin 3,0% (10,5%) 200 10% 400 8% Business update ─ Order intake impacted by weakening of Turkish Lira 100 200 4% 5% ─ Resu
Slide 18: Infrastructure
Infrastructure 250 25% Financials Q2 ─ Order intake 220 (237) MSEK, organic -10,5% 200 20% ─ Net sales 207 (188) MSEK, organic +6,1% 150 15% ─ Operating margin 10,1% (12,4%) Business update 100 10% ─ Growth in the Netherlands and UK ─ High market activity in focussed sectors 50 5% ─ Margins temporar
Slide 19: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 1200 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2015 2016 2017 2018 2019 2020 2021 2022 -200 Q2 2022 presentation 19
Slide 20: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,00 5500 5,50 5000 5,00 4500 4,50 4000 4,00 3500 3,50 3000 3,00 2500 2,50 2000 2,00 1500 1,50 1000 1,00 500 0,50 0 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 21: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share by quarter, SEK Rolling 12 months 5 4,5 4 3,5 3 2,5 2 1,5 1 0,5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4* Q1 Q2 Q3 Q4 Q1 Q2 -0,5 2015 2016 2017 2018 2019 2020 2021 2022 Q2 2022 presentation *
Slide 22: www.fagerhultgroup.com
www.fagerhultgroup.com
Slide 23: Conclusions and recap
Conclusions and recap ─ Market conditions remain favourable and order intake increasingly above 8 SEK bn R12 ─ Net sales continued to show robust growth, +6,5% organic ─ Delays in adjusting to inflationary conditions leading to temporary dip in margins ─ Continued challenges in the supply chain, mai
Slide 24: www.fagerhultgroup.com
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