Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q2 2021 Earnings Presentation
24 slides from Fagerhult Group Ab's earnings presentation, Aug 23, 2021
Slide 1: We light up your world
We light up your world Q2 2021 presentation August 23rd 2021 www.fagerhultgroup.com
Slide 2: Second quarter
Second quarter Sales development ─ Recovery accelerates, strong organic order intake growth ─ Regional growth varies depending on local conditions Operating margin ─ Strong increase in profitability ─ Result of good team work and increased market activity Availability of components and materials rem
Slide 3: Q2 2021 in figures
Q2 2021 in figures 2500 250 2000 200 Order intake: 2 123 MSEK (1 655) +35,3% organic 1500 150 Net sales: 1 845 MSEK (1 726) +12,2% organic 1000 100 Operating profit: 208,2 MSEK (153,6) 500 50 Operating margin: 11,3% (8,9%) Earnings per share: 0,78 SEK (0,55) 0 0 Q2 2020 Q2 2021 Net Sales, MSEK Opera
Slide 4: First half year 2021 in figures
First half year 2021 in figures 4000 400 3500 350 Order intake: 3 977 MSEK (3 801) +11,3% organic 3000 300 2500 250 Net sales: 3 523 MSEK (3 415) +9,5% organic 2000 200 Operating profit: 361,1 MSEK (164,3) 1500 150 1000 100 Operating margin: 10,2% (4,8%) 500 50 Earnings per share: 1,31 SEK (0,46) 0
Slide 5: Energy consumption
Market potential following increased focus on sustainability and energy efficiency Significant energy savings with new technology Conventional lighting Energy consumption Increasing demand for energy efficient solutions, e.g. High quality lighting ─ EU Green Deal and will be part of the Renovation W
Slide 6: Fagerhult Multilume Re:Think, reducing climate impact by 83%
Fagerhult Multilume Re:Think, reducing climate impact by 83% ─ The body of the luminaire is made from 100% recyclable cardboard ─ By changing metal to cardboard, the weight of the luminaire is reduced by 32% ─ Smart packaging, with no plastics, reduces shipping volumes by 30% ─ Total climate impact
Slide 7: iGuzzini continue to develop their operational excellence
iGuzzini continue to develop their operational excellence ─ iGuzzini awarded ’Bronze level’ World Class Manufacturing ─ WCM is a global manufacturing standard for efficiency, safety and quality in operations ─ iGuzzini also acknowledged for their sustainability efforts, awarded EcoVadis Silver in Q1
Slide 8: Continued strong development for our Connectivity solutions
Continued strong development for our Connectivity solutions ─ Two systems within the Group: • Indoor: • Outdoor: ─ Organic Response volumes increased 60% for the first half year • Multiple partnerships/integrations launched, e.g., Sony and Securitas ─ Seneco integration continues with good progress
Slide 9: Case: Hickman – One of the smartest buildings in the world
Case: Hickman – One of the smartest buildings in the world Project in short: ─ More than 1300 Organic Response nodes installed ─ Luminaires and lighting control integrated into smart building eco-system ─ SmartSpaces App to deliver an exceptional user experience for tenants Q2 2021 presentation 9
Slide 10: Group Core values
Group Core values ─ Launch starting in September ─ Involvement of 1 800+ colleagues ─ Perspective on future needs Q2 2021 presentation 10
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Slide 12: Financial summary
Financial summary MSEK Q2 2020 Q2 2021 Q1-2 2020 Q1-2 2021 Net sales 1 726 1 845 6,9% 3 415 3 523 3,2% - Organic growth 210 12,2% 320 9,5% - FX-differences -82 -179 - Acquistion / divestment -9 -33 Operating profit 154 208 164 361 Operating profit, % 8,9% 11,3% 4,8% 10,2% Net profit 99 138 82 234 Ea
Slide 13: Sales development
Sales development Net sales R12 Net sales R12, MSEK 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 2015 2016 2017 2018 2019 2020 2021 Q2 2021 presentation 13
Slide 14: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Adjusted operating margin*,% 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 2015 2016 2017 2018 2019 2020 2021 Q2 2021 presentat
Slide 15: Business Area Collection
Business Area Collection 1200 1200 24% 24% Financials Q2 1000 1000 20% 20% ─ Order intake 893 (707) MSEK, organic 35,2% 800 800 16% 16% ─ Net sales 822 (811) MSEK, organic 7,4% 600 600 12% 12% ─ Operating margin 9,8% (11,3%) 400 400 8% 8% Business update ─ Profitability position much improved compar
Slide 16: Business Area Premium
Business Area Premium Financials Q2 800 16% ─ Order intake 710 (580) MSEK, organic 26,2% 700 14% ─ Net sales 658 (612) MSEK, organic 10,2% 600 12% ─ Operating margin 13,7% (8,3%) 500 10% 400 8% Business update ─ Continued strong profitability recovery following re-structuring 300 6% ─ Starting to de
Slide 17: Business Area Professional
1200 24% Business Area Professional 400 20% 1000 20% Financials Q2 ─ Order intake 283 (212) MSEK, organic 38,8% 800 16% 300 15% ─ Net sales 265 (217) MSEK, organic 28,2% 600 12% ─ Operating margin 10,5% (7,6%) 200 10% 400 8% Business update ─ Profitability improvements following sales growth and low
Slide 18: Business Area Infrastructure
Business Area Infrastructure 250 50% Financials Q2 ─ Order intake 237 (152) MSEK, organic 65,0% 200 40% ─ Net sales 188 (165) MSEK, organic 19,2% ─ Operating margin 12,4% (11,8%) 150 30% Business update 100 20% ─ Two large projects with positive effect on order intake in Q2 ─ Significant growth oppo
Slide 19: 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 2015 2016 2017 2018 2019 2020 2021 -200 Q2 2021 presentation 19
Slide 20: 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 2015 201
Slide 21: 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 -0,5 2015 2016 2017 2018 2019 2020 2021 Q2 2021 presentation 21
Slide 22: www.fagerhultgroup.com
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Slide 23: Conclusions and recap
Conclusions and recap ─ Accelerated recovery ─ Strong organic order intake growth ─ Profitability improvements ─ Supply chain challenges ─ Continued collaboration ─ Good progress with strategic initiatives Q2 2021 presentation 23
Slide 24: Q&A Session
Q&A Session www.fagerhultgroup.com