Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q1 2023 Earnings Presentation
23 slides from Fagerhult Group Ab's earnings presentation, Apr 25, 2023
Slide 1: We light up your world – Q1 2023 presentation
We light up your world Q1 2023 presentation April 25, 2023 www.fagerhultgroup.com
Slide 2: First quarter
First quarter Sales development ─ Strong start to the year, organic growth at 14,3% ─ Healthy order backlog level Operating margin ─ Growth and improved performance resulted in a positive development ─ Operating margin increased to 11,0 % (9,3%) Mega-trends remains to be positive Ban of fluorescent
Slide 3: Q1 2023 in figures
Q1 2023 in figures 3 000 300 2 500 250 Order intake: 2 179 MSEK (2 204) -4,3% organic 2 000 200 Net sales: 2 224 MSEK (1 873) 1 500 150 +14,3% organic 1 000 100 Operating profit: 244 MSEK (173) 500 50 Operating margin: 11,0% (9,3%) 0 0 Earnings per share: 0,90 SEK (0,68) Q1 2022 Q1 2023 Net Sales, M
Slide 4: A world enhanced by light
Our operating model Business Collection Premium Professional Infrastructure areas A world enhanced Smart Lighting by light Group focus People & Innovation Sustainability areas Culture Q1 2023 presentation 4
Slide 5: Buildings accounting for up to 30% of global energy consumption
30% 15% 90% ─ We need to retrofit between 3% to 3.5% of existing buildings per year if Buildings accounting 15% of a building's The latest lighting the net zero target is to be met for up to 30% of global energy consumption technology brings up to energy consumption related to lighting 90% energy sa
Slide 6: Innovation: Kvisten
In no va tio Kvisten n ─ Questioning every detail led to one of the most sustainable luminaires on the market ─ 77% recycled or renewable material • Luminaire housing in wood • Reflectors made from old televisions Q1 2023 presentation 6
Slide 7: Innovation: BeTwo
In no va tio BeTwo n ─ Combination of amount, sizes and heights makes it a flexible solution ─ Promotes well-being and efficiency with a very responsible use of energy Q1 2023 presentation 7
Slide 8: Collection Premium Gothenburg, Sweden
Collection Gothenburg, Sweden Premium Platinan
Slide 9: Collection Professional Infrastructure
Collection Large international retailer Professional Infrastructure
Slide 10: Collection Premium Stavanger, Norway
Collection Stavanger, Norway Premium Fjelltun school
Slide 11: Financial summary Q1
Financial summary Q1 MSEK Q1 2023 Q1 2022 Net sales 2 224 1 873 18,7% - Organic growth 267 14,3% - FX-differences 93 - Business closures -9 Operating profit 244 173 40,9% Operating profit, % 11,0% 9,3% +1,7 p.p. Net profit 158 120 Earnings per share, SEK 0,90 0,68 Operating cash flow 206 -68 Q1 2023
Slide 12: Sales development
Sales development Net sales R12 Net sales R12, MSEK 9000 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 2018 2019 2020 2021 2022 2023 Q1 2023 presentation 12
Slide 13: 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 2018 2019 2020 2021 2022 2023 Q1 2023 presentation 1. Excludes the
Slide 14: Collection
Collection 1200 12% Financials Q1 1000 10% ─ Order intake 906 (1 023) MSEK, organic -16,7% ─ Net sales 1 003 (915) MSEK, organic +2,9% 800 8% ─ Operating margin 10,0% (10,2%) 600 6% Business update ─ Sales growth in three of the four businesses 400 4% ─ Stable operating margin levels 200 2% 0 0% Q1
Slide 15: Premium
Premium 900 18% Financials Q1 800 16% ─ Order intake 703 (718) MSEK, organic -2,3% 700 14% ─ Net sales 777 (606) MSEK, organic +24,9% 600 12% ─ Operating margin 14,9% (11,3%) 500 10% Business update 400 8% ─ Strong organic sales growth at 24,9% 300 6% ─ Stable operating margin at a high level 200 4%
Slide 16: Professional
Professional 400 16% Financials Q1 350 14% ─ Order intake 311 (254) MSEK, organic +21,7% 300 12% ─ Net sales 237 (248) MSEK, organic -3,0% 250 10% ─ Operating margin 3,7% (4,7%) 200 8% Business update 150 6% ─ Improved situation in the UK with strong order intake 100 4% ─ Pricing and reduced costs c
Slide 17: Infrastructure
Infrastructure 400 24% Financials Q1 350 21% ─ Order intake 259 (210) MSEK, organic +18,1% 300 18% ─ Net sales 293 (186) MSEK, organic +48,8% 250 15% ─ Operating margin 14,5% (12,1%) 200 12% Business update 150 9% ─ Very strong growth in the quarter 100 6% ─ Strong and improving operating margins 50
Slide 18: 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 2018 2019 2020 2021 2022 2023 -200 Q1 2023 presentation 18
Slide 19: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,0 5500 5,5 5000 5,0 4500 4,5 4000 4,0 3500 3,5 3000 3,0 2500 2,5 2000 2,0 1500 1,5 1000 1,0 500 0,5 0 0,0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2022 2023 Q1 2023 presentation *EBITDA adjusted fo
Slide 20: 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 -0,5 2018 2019 2020 2021 2022 2023 Q1 2023 presentation * Not including the positive impact o
Slide 21: www.fagerhultgroup.com
www.fagerhultgroup.com
Slide 22: Conclusions and recap
Conclusions and recap ─ Continued good financial development ─ Growth in renovation and refurbishment ─ New legislation following EU renovation wave ─ Good progress on sustainable innovations Q1 2023 presentation 22
Slide 23: www.fagerhultgroup.com
www.fagerhultgroup.com