Investment AB Latour Class B · OMXSTO:LATO_B
Investment AB Latour Class B — Q1 2016 Earnings Presentation
13 slides from Investment AB Latour Class B's earnings presentation, May 2016
Slide 1: Interim report January – March, 2016
Interim report January – March, 2016 Investment AB Latour
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company Focus on long-term value creation Latour Wholly owned operations Investment portfolio Part-owned operations (21,2 %) (66,1 %) (31,1 %) (21,6 %)
Slide 3: A decline in total return for the portfolio
Highlights in the investment portfolio A decline in total return for the portfolio
Slide 4: The wholly owned operations
The wholly owned operations Strong profit development
Slide 5: Transactions during the quarter
Highlights in the wholly owned operations Transactions during the quarter Acquisitions Divestments
Slide 6: Business area Hultafors Group
Business area Hultafors Group Strong organic growth Development net sales and result, SEK M 2500 250 SEK m Q1 2016 Q1 2015 2000 200 Net sales 383 350 Reported 52 42 1500 150 operating result 1000 100 Adjusted operating result 52 42 500 50 Adjusted operating margin, 13,7 11,9 0 0 % 2012 2013 2014 201
Slide 7: Business area Latour Industries
Business area Latour Industries Growth through acquisitions Development net sales and result, SEK M 2000 200 SEK m Q1 2016 Q1 2015 1800 180 1600 160 Net sales 354 290 1400 140 Reported 36 37 1200 120 operating result 1000 100 800 80 600 60 Adjusted operating result 36 37 400 40 Adjusted 200 20 opera
Slide 8: Business area Nord-Lock Group
Business area Nord-Lock Group Growth in challenging market Development net sales and result, SEK M 1500 300 SEK m Q1 2016 Q1 2015 1250 250 Net sales 224 208 1000 200 Reported operating result 68 66 750 150 500 100 Adjusted operating result 68 66 250 50 Adjusted operating margin, 30,1 31,6 0 0 % 2012
Slide 9: Business area Swegon
Business area Swegon Organic growth Development net sales and result, SEK M 4000 400 SEK m Q1 2016 Q1 2015 3500 350 3000 300 Net sales 833 842 2500 250 Reported operating result 45 39 2000 200 1500 150 Adjusted operating result 45 39 1000 100 Adjusted 5,4 4,6 500 50 operating margin, 0 0 % 2012 2013
Slide 10: Net asset value per share SEK by the end of March
Net asset value per share 305 SEK by the end of March Investment portfolio 36,0 Wholly owned operations Part-owned operations etc 12,9 0,4 Less net debt etc 0,6 Latour’s net asset value 48,7 SEK per share 305
Slide 11: Financial targets
Long-term perspective Financial targets Annual growth >10% Operating margin >10% Return on operating capital 15-20%
Slide 12: International growth with proprietary products
Net sales outside the Nordic region International growth with proprietary products 2003 20% 2015 52%
Slide 13: Investment AB Latour Q&A
Investment AB Latour Q&A