Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q4 2022 Earnings Presentation
23 slides from Fagerhult Group Ab's earnings presentation, Feb 22, 2023
Slide 1: Q4 2022 presentation
We light up your world Q4 2022 presentation February 22, 2023 www.fagerhultgroup.com
Slide 2: Fourth quarter
Fourth quarter Sales development ─ Our best quarter and best year ever ─ Strong organic growth in Q4 at 16,7% ─ Order backlog remains strong Operating margin ─ Operating profit at an all-time high for a quarter ─ Positive trend continues as businesses focus on pricing The underlying mega-trends rema
Slide 3: Q4 2022 in figures
Q4 2022 in figures 3 000 300 2 500 250 Order intake: 1 964 MSEK (1 802) +2,6% organic 2 000 200 Net sales: 2 271 MSEK (1 820) 1 500 150 +16,7% organic 1 000 100 Operating profit: 255 MSEK (161) 500 50 Operating margin: 11,2% (8,9%) 0 0 Earnings per share: 0,96 SEK (0,61) Q4 2021 Q4 2022 Net Sales, M
Slide 4: 2022 in figures
2022 in figures 9 000 900 8 000 800 7 000 700 Order intake: 8 243 MSEK (7 674) +2,4% organic 6 000 600 5 000 500 Net sales: 8 270 MSEK (7 088) +11,0% organic 4 000 400 3 000 300 Operating profit: 833 MSEK (706) 2 000 200 Operating margin: 10,1% (10,0%) 1 000 100 Earnings per share: 3,27 SEK (2,64) 0
Slide 5: A world enhanced by light
Our operating model Business Collection Premium Professional Infrastructure areas A world enhanced Connectivity by light Group focus People & Innovation Sustainability areas Culture Q4 2022 presentation 5
Slide 6: Collection: Royal Museum for Fine Arts, Antwerp
Antwerp, Belgium Collection The Royal Museum for Fine Arts
Slide 7: Premium: Bol.com Headquarter, Utrecht
Utrecht, The Netherlands Premium Bol.com Headquarter
Slide 8: Infrastructure: New Street Station, Birmingham
Birmingham, United Kingdom Infrastructure New Street Station
Slide 9: Collection: The Pier Hotel, Gothenburg
Gothenburg, Sweden Collection The Pier Hotel
Slide 10: Financial summary Q4
Financial summary Q4 MSEK Q4 2022 Q4 2021 FY 2022 FY 2021 Net sales 2 271 1 820 24,8% 8 270 7 088 16,7% - Organic growth 303 16,7% 777 11,0% - FX-differences 148 405 Operating profit 255 161 58,1% 833 706 17,9% Operating profit, % 11,2% 8,9% +2,3 p.p. 10,1% 10,0% +0,1 p.p. Net profit 169 108 576 470
Slide 11: Financial summary 2022
Financial summary 2022 MSEK Q4 2022 Q4 2021 FY 2022 FY 2021 Net sales 2 271 1 820 24,8% 8 270 7 088 16,7% - Organic growth 303 16,7% 777 11,0% - FX-differences 148 405 Operating profit 255 161 58,1% 833 706 17,9% Operating profit, % 11,2% 8,9% +2,3 p.p. 10,1% 10,0% +0,1 p.p. Net profit 169 108 576 4
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 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2016 2017 2018 2019 2020 2021 2022 Q4 2022 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 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2016 2017 2018 2019 2020 2021 2022 Q4 2022 pre
Slide 14: Collection
1200 24% 1000 20% Collection 800 1200 16% 12% Financials Q4 1000 10% 600 12% ─ Order intake 865 (777) MSEK, organic +1,5% 800 8% ─ Net sales 1 030 (825) MSEK, organic +13,8% 400 8% ─ Operating margin 8,9% (5,6%) 600 6% 200 400 4%4% Business update ─ Full year order intake position at all time high,
Slide 15: Premium
Premium 900 18% Financials Q4 800 16% ─ Order intake 680 (666) MSEK, organic -2,6% 700 14% ─ Net sales 781 (635) MSEK, organic +16,7% 600 12% ─ Operating margin 15,8% (14,9%) 500 10% 400 8% Business update 300 6% ─ Solid performance with good organic sales growth 200 4% ─ Continued strong operating
Slide 16: Professional
1000 20% Professional 800 16% 400 20% Financials Q4 600 12% ─ Order intake 218 (218) MSEK, organic +2,8% 300 15% ─ Net sales 258 (236) MSEK, organic +9,4% 400 8% ─ Operating margin 7,3% (6,1%) 200 10% 200 4% Business update ─ More stable position in both the UK and Australia 0 100 0% 5% ─ Good resul
Slide 17: Infrastructure
Infrastructure 300 24% Financials Q4 250 20% ─ Order intake 201 (141) MSEK, organic +31,9% ─ Net sales 280 (198) MSEK, organic +32,1% 200 16% ─ Operating margin 13,2% (12,9%) 150 12% Business update 100 8% ─ Very strong growth in the quarter ─ Growth coming from the Netherlands and the UK 50 4% ─ St
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 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 2018 2019 2020 2021 2022 -200 Q4 2022 presentation 18
Slide 19: Net debt development
Net debt development Net debt and Net debt/EBITDA-ratio Net debt, MSEK Net debt/EBITDA* 6000 6,00 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 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 Q2 Q3 Q4* Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -0,5 2015 2016 2017 2018 2019 2020 2021 2022 Q4 2022 presenta
Slide 21: www.fagerhultgroup.com
www.fagerhultgroup.com
Slide 22: Conclusions and recap
Conclusions and recap ─ We delivered our best quarter and best year ever for net sales and operating profit ─ Our strategic focuses are clear and we make steady progress on our activities ─ The Group’s performance continues to improve and the mega-trends remain positive ─ We have submitted our targe
Slide 23: www.fagerhultgroup.com
www.fagerhultgroup.com