Bufab Ab · OMXSTO:BUFAB

Bufab Ab — Q3 2016 Earnings Presentation

11 slides from Bufab Ab's earnings presentation, Oct 26, 2016

  1. Slide 1: Q3 2016 Presentation

    Q3 2016 Presentation Pa

  2. Slide 2: Third Quarter 2016: Growth, improved profitability

    THIRD QUARTER 2016  Growth o Strong contribution from acquired companies, o …but also 4% organic growth in both International and Sweden o Market share gains o Somewhat better underlying demand o No effect as yet of Brexit  Improved profitability o Improvement in gross and operating margins – both

  3. Slide 3: Third Quarter 2016 group results

    THIRD QUARTER 2016 12 month Quarter 3 Δ Jan-Sep Δ rolling Full year SEK millions 2016 2015 % 2016 2015 % 2015/16 2015 Order intake 665 582 14 2,143 1,846 16 2,760 2,463 Net sales 668 577 16 2,148 1,847 16 2,760 2,458 Gross profit 194 159 22 623 510 22 790 677 Gross margin, % 29.0 27.5 29.0 27.6 28.6

  4. Slide 4: Group quarterly net sales growth and LTM figures

    THIRD QUARTER 2016 Quarterly Year-on-Year net sales growth Organic growth Acquisitions and currency translation L12M Net Sales, MSEK L12M EBIT (adj), MSEK 20 3000 300 15 2500 250 LTM Adj Op Res, SEK million 10 LTM Net sales, SEK millions 2000 200 Percent 5 1500 150 0 1000 100 -5 500 50 -10 0 0 4

  5. Slide 5: Sweden segment results

    THIRD QUARTER 2016 12 month Quarter 3 Δ Jan-Sep Δ rolling SEK millions 2016 2015 % 2016 2015 % 2015/16 2015 Order intake 215 208 3 724 708 2 948 932 Net sales 219 206 6 735 719 2 953 937 Gross profit 66 60 10 221 208 6 282 269 Gross margin, % 30.1 29.2 30.0 28.9 29.6 28.7 Operating expenses -38 -36

  6. Slide 6: Sweden net sales growth and LTM figures

    THIRD QUARTER 2016 Quarterly Year-on-Year net sales growth Organic growth Currency translation effects and acquisition 8 L12M Net Sales, MSEK L12M EBIT (adj), MSEK 2000 200 6 4 1500 150 LTM Adj Op Res, SEK million 2 LTM Net sales, SEK millions 0 Percent 1000 100 -2 -4 -6 500 50 -8 -10 0 0 6

  7. Slide 7: International segment results

    THIRD QUARTER 2016 12 month Quarter 3 Δ Jan-Sep Δ rolling SEK millions 2016 2015 % 2016 2015 % 2015/16 2015 Order intake 450 374 21 1,419 1,137 25 1,813 1,531 Net sales 449 371 21 1,414 1,128 25 1,807 1,521 Gross profit 131 102 29 413 311 33 521 419 Gross margin, % 29.3 27.5 29.2 27.6 28.8 27.5 Oper

  8. Slide 8: International net sales growth and LTM figures

    THIRD QUARTER 2016 Quarterly Year-on-Year net sales growth Organic growth Acquisitions and currency translation 35 L12M Net Sales, MSEK L12M EBIT (adj), MSEK 30 2000 200 25 20 1500 150 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 15 Percent 10 1000 100 5 0 -5 500 50 -10 -15 0 0 8

  9. Slide 9: Net working capital and operating cash flow

    THIRD QUARTER 2016 40% 38%  Long-term work in order to improve continues, primarily o Inventory management 36% o Payment terms to suppliers 34%  Operating cash flow 77 (70) MSEK 32%  NWC/NS excluding Apex Stainless 30% Fasteners: 34.1% (36.0%) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2014 2014 2014

  10. Slide 10: EBIT bridge Q3 2015 to Q3 2016

    THIRD QUARTER 2016 Group Sweden International Other EBIT Q3 2015 52 24 32 -4 Currency -4 -2 -2 0 Volume +7 +3 +4 0 Price/cost/mix & other 0 +2 -3 +1 Acquisitions +11 +1 +10 0 EBIT Q3 2016 66 28 41 -3 10

  11. Slide 11: Strong third quarter: growth, improved profit and margin

    THIRD QUARTER 2016  Strong third quarter: growth, improved profit and margin  Good development and strong contribution of acquisitions  Organic growth in both Sweden and International—market share gains  Gross margin improvement thanks to continued purchasing savings  Improved operating profit

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