Munters Group Ab · OMXSTO:MTRS
Munters Group Ab — Q1 2019 Earnings Presentation
15 slides from Munters Group Ab's earnings presentation, 2019
Slide 1: Munters First Quarter 2019
MUNTERS FIRST QUARTER 2019 Strong order intake. Full Potential Program on track 1
Slide 2: Agenda
Agenda First quarter 2019 results Update on Munters Full Potential Program Summary and outlook 2
Slide 3: Business Areas reorganised and renamed
Business Areas reorganised and renamed Air Treatment AirTech Energy-efficient, safe and reliable climate solutions in which control of moisture content and temperature is mission-critical. AgHort FoodTech Increased productivity and sustainable food production with minimal waste in feed and water. Co
Slide 4: First quarter 2019 financial highlights
First quarter 2019 financial highlights 19% 6% Order intake increased by 19% driven by AirTech Order intake Backlog Net sales increased 4% supported by positive 1,949 2,664 currency effects Adjusted EBITA was SEKm 107 (115) +4% -7% Net sales Adj. EBITA Net income was SEKm -22 (42) incl. one-time ite
Slide 5: Q1 2019 in AirTech – strong order intake
Q1 2019 in AirTech – strong order intake • Order intake increased by 30% of which 22% organically Q1 • Net sales increased by 4%. Organic decrease of 4% SEKm 2019 2018 D% • Net sales growth in sub-segments Industrials and Mist Order intake 1 460 1 123 30 Elimination. Negatively impacted by Data Cent
Slide 6: Q1 2019 in FoodTech – lower growth but stable earnings
Q1 2019 in FoodTech – lower growth but stable earnings • First quarter is always seasonally weak Q1 • Order intake decreased by 4% (decrease of 11% SEKm 2019 2018 D% organically) impacted by African Swine Fever in China Order intake 500 520 -4 • Net sales grew by 4% in the quarter (decrease of 3% or
Slide 7: Agenda
Agenda First quarter 2019 results Munters Full Potential Program Summary and outlook 7
Slide 8: Munters Full Potential Program - overview
Munters Full Potential Program - overview PHASE 1: STABILITY PHASE 2: PROFITABILITY PHASE 3: GROWTH Secure stable and profitable Improve performance Accelerate growth in platform attractive segments and geographies 8
Slide 9: Phase 1: Secure a stable and profitable platform
Phase 1: Secure a stable and profitable platform Strengthen leadership team STABILITY Simplify Munters structure into two decentralized Business Areas Secure stable and profitable platform Drive leaner structures and cash efficiency Drive Data Center performance uplift through focus towards US m
Slide 10: New organization and leadership team in place
STABILITY – Secure stable and profitable platform New organization and leadership team in place • Klas Forsström, currently the President of Sandvik Machining Solutions Business area, appointed new President and CEO of Munters effective no later than mid-October 2019 • CFO recruitment ongoing • New
Slide 11: Combined initiatives expected to deliver SEKm 210 annualized profit improvement
STABILITY – Secure stable and profitable platform Recap: Combined initiatives expected to deliver SEKm 210 annualized profit improvement Program 2019 adj. EBITA impact 2020 adj. EBITA impact One-time costs Cash pay-back time – equals ongoing annual run-rate SEKm -350 costs Approx. Total program impa
Slide 12: Savings progressing according to plan
STABILITY – Secure stable and profitable platform Savings progressing according to plan Full Potential Program Savings 2019 end-of-year run rate target = SEKm 160 • FTE reductions and other cost savings according to plan • One-time costs of SEKm 61 according to plan Run-rate savings • New organizati
Slide 13: Agenda
Agenda First quarter 2019 results Munters Full Potential Program Summary and outlook 13
Slide 14: Summary and outlook
Summary and outlook • Strong Q1 Group order intake driven by AirTech. Solid Group earnings (adj. EBITA) albeit impacted by the anticipated loss in Data Centers Munters Full Potential Program well on track 1. Management changes completed 2. Savings in line with plan • Significantly improved Group adj
Slide 15: Questions & Answers
15 Questions & Answers @ Munters