Bufab Ab · OMXSTO:BUFAB

Bufab Ab — Q1 2016 Earnings Presentation

12 slides from Bufab Ab's earnings presentation, Apr 27, 2016

  1. Slide 1: Q1 2016 Presentation

    @Q1 2016 Presentation ee

  2. Slide 2: First Quarter 2016: Good growth – best sales quarter ever

    FIRST QUARTER 2016  Good growth – best sales quarter ever o Strong contribution from acquired companies, but also continued organic growth o Strong growth in International – improved market share o Sales decline in Sweden, mainly due to lower demand from telecom. Unchanged market shares.  Signific

  3. Slide 3: First Quarter 2016 Group results

    FIRST QUARTER 2016 Quarter 1 Δ 12 month rolling Full year SEK millions 2016 2015 % 2015/16 2015 Order intake 738 616 20 2,586 2,463 Net sales 718 609 18 2,568 2,458 Gross profit 206 170 21 713 677 Gross margin, % 28.6 28.0 27.8 27.5 Operating expenses -135 -121 11 -494 -480 Operating profit 71 49 46

  4. Slide 4: LTM Net sales and quarterly year-on-year growth

    FIRST QUARTER 2016 Quarterly Year-on-Year net sales growth, % LTM Net sales, MSEK LTM Adj Op Res, MSEK Organic Acquisitions and currency translation 20 3000 300 15 2500 250 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 10 2000 200 5 1500 150 0 1000 100 -5 500 50 -10 0 0 4

  5. Slide 5: First Quarter 2016 Sweden

    FIRST QUARTER 2016 12 months Quarter 1 Δ rolling Full year MSEK 2016 2015 % 2015/16 2015 Order intake 251 257 -2 926 932 Net sales 244 251 -3 931 937 Gross profit 72 73 -1 268 269 Gross margin, % 29.6 28.9 28.8 28.7 Operating expenses -40 -43 -7 -158 -161 Operating profit 32 30 8 110 108 Operating m

  6. Slide 6: LTM Net sales and quarterly growth, Sweden

    FIRST QUARTER 2016 Quarterly Year-on-Year net sales growth, % As reported Net sales LTM, MSEK LTM Adj Op Res, MSEK 20 2000 200 15 1500 150 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 10 5 1000 100 0 500 50 -5 -10 0 0 6

  7. Slide 7: First Quarter 2016 International

    FIRST QUARTER 2016 Quarter 1 Δ 12 month rolling SEK millions 2016 2015 % 2015/16 2015 Order intake 487 359 36 1,660 1,531 Net sales 474 358 33 1,637 1,521 Gross profit 138 100 38 457 419 Gross margin, % 29.1 28.0 27.9 27.6 Operating expenses -91 -73 25 -318 -300 Operating profit 47 27 76 139 119 Ope

  8. Slide 8: LTM Net sales and quarterly growth, International

    FIRST QUARTER 2016 Quarterly Year-on-Year net sales growth, % Organic Acquisitions and currency translation 35 Net sales LTM, MSEK LTM Adj Op Res, MSEK 30 2000 200 25 20 1500 150 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 15 10 1000 100 5 0 -5 500 50 -10 -15 0 0 8

  9. Slide 9: Operating cash flow and inventory management

    FIRST QUARTER 2016 40,0% 38,0%  Long term work in order to improve continues, primarily 36,0% o Inventory management o Payment terms to suppliers 34,0%  Good operating cash flow 44 (8) MSEK 32,0%  Excluding Apex Stainless Fasteners 30,0% – 35,1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2014 2014 2014 2015

  10. Slide 10: Operating profit bridge by Group, Sweden, International

    FIRST QUARTER 2016 Group Sweden International Operating profit Q1 2015 49 30 27 Currency -4 -2 -2 Volume 3 -3 6 Price/cost/mix & other 5 7 0 Acquisitions 16 0 16 Acquisition costs 2 - - Operating profit Q1 2016 71 32 47 10

  11. Slide 11: Acquisitions

    FIRST QUARTER 2016 AGQUISITIONS afix [FLOS STAINLESS FASTENERS CREATIVE COMPONENT SOLUTIONS Member of the Bufab Group 11

  12. Slide 12: Significant challenges still ahead

    FIRST QUARTER 2016  Significant challenges still ahead o Continue organic growth, and start taking market share in Sweden o Strong focus on margin improvement – favorable conditions o Continue working on good acquisitions  Good start to the year  High ambition level and optimistic view on 2016 12

Bufab — Q1 2016 Earnings Presentation on 6ix