Bufab Ab · OMXSTO:BUFAB
Bufab Ab — Q2 2022 Earnings Presentation
12 slides from Bufab Ab's earnings presentation, Jul 13, 2022
Slide 1: Q2 2022 presentation
Q2 2022 presentation July 13, 2022 Johan Lindqvist, CEO Marcus Söderberg, CFO
Slide 2: Strong quarter in a continued challenging market
Strong quarter in a continued challenging market • Bufab once again reported its highest sales, operating profit and earnings per share ever for a single quarter • Continued strong demand in the second quarter across all segments – Organic growth up 16%, driven by price increases, healthy underlying
Slide 3: Financial highlights, Group
Financial highlights, Group EBITA Q2 2021 185 Segment North +38 Segment West +14 Segment East +2 Segment UK/North America -7 Segment Other +1 EBITA Q2 2022 233 EBITA Jan-jun 2021 362 Segment North +56 Segment West +29 Segment East -2 Segment UK/North America +36 Segment Other -7 EBITA Jan-jun 2022 4
Slide 4: Financial development, Group
Financial development, Group Quarterly Net Sales growth Net sales and EBITA Organic growth Total growth Net Sales EBITA 70 9 000 900 60 50 7 500 750 LTM Net Sales, SEK millions 40 LTM EBITA, SEK million 6 000 600 30 Percent 20 4 500 450 10 3 000 300 0 -10 1 500 150 -20 -30 0 0 3.
Slide 5: Segment North
Segment North Rolling Quarter 2 Δ Jan–Jun Δ 12 Full year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 761 656 16 1,442 1,285 12 2,592 2,436 Net sales 758 608 25 1,452 1,208 20 2,610 2,366 Gross profit 206 154 34 388 312 24 687 611 % 27.2 25.2 26.7 25.9 26.3 25.8 Operating exp
Slide 6: Segment West
Segment West Rolling Quarter 2 Δ Jan–Jun Δ 12 Full year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 447 325 38 904 643 41 1,578 1,317 Net sales 426 307 39 866 621 39 1,481 1,236 Gross profit 100 78 28 204 159 28 355 310 % 23.5 25.3 23.6 25.6 24.0 25.1 Operating expenses -54
Slide 7: Segment East
Segment East Rolling Quarter 2 Δ Jan-Jun Δ 12 Full year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 251 236 6 540 470 15 1,004 933 Net sales 266 218 22 548 435 26 1,002 889 Gross profit 83 67 24 173 136 28 313 276 % 31.4 30.8 31.6 31.2 31.2 31.0 Operating expenses -40 -25 60
Slide 8: Segment UK/North America
Segment UK/North America Rolling Full Quarter 2 Δ Jan–Jun Δ 12 year months SEK million 2022 2021 % 2022 2021 % 2022/21 2021 Order intake 791 309 156 1,405 610 130 2,193 1,398 Net sales 791 298 165 1,369 591 134 2,166 1,388 Gross profit 253 95 170 441 188 133 699 446 % 32.0 32.0 32.2 31.8 32.3 32.2 O
Slide 9: Cashflow and indebtness
Cashflow and indebtness Operating cash flow and cash conversion Net debt/EBITDA adj, x 300 4,0 250 3,5 3,0 200 2,5 150 2,0 100 1,5 50 1,0 0 0,5 -50 0,0 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 EBITDA, adj., MSEK Operational cash-flow, MSEK • Weak cash flow due to; • In
Slide 10: Consolidator in a fragmented market
Consolidator in a fragmented market +50 acquisitions since 1977 15 acquisitions 950 employees since 2014 3,400 MSEK 9.
Slide 11: Summary and Outlook
Summary and Outlook • Second quarter – Operationally challenging quarter, but continued strong growth, good gross margin and a robust result Outlook – Geopolitical situation and rising inflation creates uncertainty – Continued supply chain disruptions, however, the situation has stabilised • Priorit
Slide 12: Q&A
Q&A