Bufab Ab · OMXSTO:BUFAB

Bufab Ab — FY2015 Earnings Presentation

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

  1. Slide 1: Year-end 2015 Presentation

    EBUEAB Year-ened 2015 Presentation

  2. Slide 2: Good growth, both organic and acquired

    YEAR-END PRESENTATION  Good growth, both organic and acquired  Improved market shares in International and for the Group  Stable market shares in Sweden (excluding one customer to manufacturing unit ~ 10 MSEK)  Improved operating result  Currency pressure fully offset by action progam on price,

  3. Slide 3: Group: Q4 and full-year results

    YEAR-END PRESENTATION Quarter 4 Δ Jan-Dec Δ SEK millions 2015 2014 % 2015 2014 % Order intake 618 533 16 2,463 2,195 12 Net sales 612 532 15 2,458 2,198 12 Gross profit 167 150 12 677 641 6 Gross margin, % 27.4 28.1 27.5 29.2 Operating profit 38 33 15 197 174 13 Operating margin, % 6.2 6.2 8.0 7.9 A

  4. Slide 4: Group: LTM net sales and organic growth

    YEAR-END PRESENTATION Quarterly organic year-on-year net 2500 250 sales growth, %* 15 2000 200 10 10 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 8 6 1500 150 5 4 4 4 4 2 0 0 1000 100 -5 500 50 -10 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 0 0 2013 2014 2014 2014 2014 2015 2015 2015 2015 Q4 Q1 Q2 Q3 Q4

  5. Slide 5: Sweden: Q4 and full-year results

    YEAR-END PRESENTATION Quarter 4 Δ Jan-Dec Δ SEK millions 2015 2014 % 2015 2014 % Order intake 224 232 -4 932 968 -4 Net sales 218 229 -5 937 982 -4 Gross margin, % 28.3 30.3 28.7 31.7 Operating profit 19 27 -29 108 144 -25 Operating margin, % 8.7 11.7 11.5 14.6 Net sales Q4 Operating profit Q4  Ord

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

    YEAR-END PRESENTATION Quarterly year-on-year net sales growth, % 2000 200 15 10 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 1500 150 6 5 3 2 1000 100 1 0 500 50 -3 -5 -5 -5 -6 -6 -10 0 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2014 2014 2014 2015 2015 2015 2015 20

  7. Slide 7: International: Q4 and full-year results

    YEAR-END PRESENTATION Quarter 4 Δ Jan-Dec Δ SEK millions 2015 2014 % 2015 2014 % Order intake 394 301 31 1,531 1,227 25 Net sales 393 303 30 1,521 1,217 25 Gross margin, % 27.5 27.6 27.6 28.0 Operating profit 30 12 149 119 75 59 Operating margin, % 7.6 4.0 7.8 6.2 Net sales Q4 Operating profit Q4 

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

    YEAR-END PRESENTATION Quarterly year-on-year organic net sales 2000 200 growth, %* 15 14 14 11 10 10 1500 150 LTM Adj Op Res, SEK million LTM Net sales, SEK millions 10 9 8 6 5 4 1000 100 0 500 50 -5 -10 0 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2014 2014 2014 2015 2015 201

  9. Slide 9: Long term improvement work, operating cash flow

    YEAR-END PRESENTATION 40,0%  Long term improvement work 38,0% starting to show some results, primarily 36,0% o Inventory management o Payment terms to suppliers 34,0%  Good 2015 operating cash flow 194 (117) MSEK 32,0% 30,0% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2014 2014 2014 2015 2015 2015 2015 A

  10. Slide 10: Adjusted EBIT bridge Q4 2014 to Q4 2015

    YEAR-END PRESENTATION Group Sweden International Adjusted EBIT Q4 2014 33 27 12 Currency -11 -8 -3 Volume 2 -5 8 Price/cost/mix & other 15 5 8 Acquisitions 5 5 Acquisition costs -6 Adjusted EBIT Q4 2015 38 19 30 10

  11. Slide 11: Summary 2015 and outlook 2016

    YEAR-END PRESENTATION 2015  Good acquired and organic growth  all-time high sales  Margin under strong pressure from unfavorable currencies  Action program to offset has gradually taken hold, resulting in slight operating profit increase  Sweden: lower volume and main part of currency impact p

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