Alfa Laval Ab · OMXSTO:ALFA

Alfa Laval Ab — Q3 2004 Earnings Presentation

14 slides from Alfa Laval Ab's earnings presentation, 2004

  1. Slide 1: Interim Report Q3 2004

    Presentation © Alfa Laval Interim Report Q3 2004 Slide 1 www.alfalaval.com

  2. Slide 2: Highlights

    Interim Report Q3 2004 Mr. Mr. Lars Renströ Renström President and CEO Alfa Laval Group Highlights MSEK Q3 Q1 - Q3 Order intake 3,866 +15%* 11,969 +19%* Net sales 3,838 +15%* 10,820 +14%* * Excluding exchange rate variations © Alfa Laval Slide 3 www.alfalaval.com © Alfa Laval 1

  3. Slide 3: Order intake and highlights

    Q on Q vs last year (excl FX) Order intake 18% 14% 10% 6% 2% Q4 2003 Q1 2004 Q2 2004 Q3 2004 © Alfa Laval Slide 4 www.alfalaval.com Highlights MSEK Q3 Q1 - Q3 Order intake 3,866 11,969 Net sales 3,838 10,820 Adjusted EBITA 426 1,229 Adjusted EBITA- EBITA-margin 11.1 % 11.4 % © Alfa Laval Slide 5 www

  4. Slide 4: Adjusted EBITA / margin

    Adjusted EBITA / margin * MSEK and in percent of sales 700 14,0 600 12,0 500 10,0 400 8,0 300 6,0 200 4,0 100 2,0 0 0,0 Q401 Q102 Q202 Q302 Q402 Q103 Q203 Q303 Q403 Q104 Q204 Q304 * Adjusted EBITA – ”Earnings before interests, taxes, amortization of goodwill and step up values and comparison distort

  5. Slide 5: Business highlights and orders received by segment

    Business highlights July – September 2004 z Alfdex – letter of intent from Scania z Agreement with Sartorius z Large order in India – evaporator z Renewed alliance agreement with Tetra Pak © Alfa Laval Slide 8 www.alfalaval.com Orders received by Segment January – September 2004 + Comfort & Refriger

  6. Slide 6: Orders by segment; Highlights - Comfort & Refrigeration

    Orders received by Segment July – September 2004 + Comfort & Refrigeration Parts & Service + + Marine & Diesel Life Science+ + Fluids & Utility + OEM Process Industry + = Sanitary Energy & Environment + Food − © Alfa Laval Slide 10 www.alfalaval.com Highlights - Comfort & Refrigeration AlfaNova z Ne

  7. Slide 7: Highlights – Energy & Environment; Orders by region

    Highlights – Energy & Environment Aldec G2 z New generation of decanters z 30% increased capacity z Pace of 300 units/year © Alfa Laval Slide 12 www.alfalaval.com Orders received by Region January – September 2004 Other 2 % 4 % L. A No rdic mer + 13 ica % Asia 27 % + + + + Western Europe 30 % % t 8%

  8. Slide 8: Orders received by region, July–September 2004

    Orders received by Region July – September 2004 Other 2 % 5 % L. A No rdic mer - 11 ica % + + + Asia 31 % Western Europe 28 % + % Ce 15 = ntr a eric .& + Ea Am st rth 8 No % © Alfa Laval Slide 14 www.alfalaval.com Highlights - Region © Alfa Laval Slide 15 www.alfalaval.com © Alfa Laval 7

  9. Slide 9: Interim Report Q3 2004 - CFO

    Interim Report Q3 2004 Mr. Thomas Thuresson CFO Alfa Laval Group Highlights MSEK Q3 Q1 - Q3 Order intake 3,866 11,969 Net sales 3,838 10,820 Adjusted EBITA 426 1,229 Adjusted EBITA- EBITA-margin 11.1 % 11.4 % © Alfa Laval Slide 17 www.alfalaval.com © Alfa Laval 8

  10. Slide 10: Adjusted EBITA and gross profit margin

    Adjusted EBITA MSEK Q3 Q1 – Q3 2003 430 1,164 2004 426 1,229 Deviation - 4 65 FX. translation 12 42 FX. transaction 69 182 Deviation excl FX 77 289 © Alfa Laval Slide 18 www.alfalaval.com Gross profit margin In percent of sales 50 39.8 38.5 40 35.1 30 20 Q401 Q102 Q202 Q302 Q402 Q103 Q203 Q303 Q403

  11. Slide 11: Gross profit margin and highlights

    Gross profit margin In percent of sales, excluding Fx- Fx-transaction effects Q304 50 39.8 38.5 40 36.9 30 20 Q401 Q102 Q202 Q302 Q402 Q103 Q203 Q303 Q403 Q104 Q204 Q304 © Alfa Laval Slide 20 www.alfalaval.com Highlights MSEK Q3 Q1 - Q3 Order intake 3,866 11,969 Net sales 3,838 10,820 Adjusted EBITA

  12. Slide 12: Earnings per share

    Earnings per share Jan - Sep 2004 Jan – Sep 2003 Earnings 3.94 3.70 Earnings excluding 6.59 6.37 goodwill and step- step-up © Alfa Laval Slide 22 www.alfalaval.com Highlights MSEK Q3 Q1 - Q3 Order intake 3,866 11,969 Net sales 3,838 10,820 Adjusted EBITA 426 1,229 Adjusted EBITA- EBITA-margin 11.1 %

  13. Slide 13: Cash-flow statement and foreign exchange

    Cash-flow statement MSEK Q1- Q1- Q3 2004 Q1 – Q3 2003 Cash flows from - operating activities 816 1,024 - investing activities 301 - 28 Financial net paid - 121 - 152 Dividends - 447 - 223 Total 549 621 Pro Forma Free- Free-cash- cash-flow* 598 864 *Incl. operating activities, capital expenditure, pr

  14. Slide 14: Outlook fourth quarter 2004

    Outlook fourth quarter 2004 Alfa Laval is expecting … … an order intake on the same high level as during the same period 2003. … the EBITA-margin - in comparison with 2003 - to continue to be strongly affected by exchange rate variations and the large portion of capital sales, meaning an EBITA on th

Alfa Laval — Q3 2004 Earnings Presentation on 6ix