Alimak : Kvartalsrapport januari – juni 2021 – Presentation

Alimak Group

Q2 2021, 20 July 2021

Ole Kristian Jødahl, CEO

Thomas Hendel, CFO

Agenda

• Q2 2021 results and developments
• Q&A

2

Quarterly highlights

Q2

• Continued margin improvements - cost savings programme delivering well in line with targeted savings
• Underlying organic order growth of 5% excluding impact from exiting Tower Internals in Wind division
• Underlying organic revenue growth of 8%, excluding Tower Internals, driven by the execution of the backlog and continued growth in service
• EBITA increased by 45% to MSEK 126 (87), corresponding to a margin of 13.2% (8.9)
• Continued strong Cash Flow and further strengthened financial position
• Currency translation effects continued to have negative impact on reported order intake, revenue and earnings

3

Group quarterly summary

Q2

§ Order intake decreased by 5% (up 1%

organically)

- Strong organic growth in

Industrial

- Wind reported significant drop as

expected

§ Revenue decreased by 2% (up 4%

organically)

- Organic increase in Construction

and in BMU

- Wind down due to Tower

Order intake & Revenue by Quarters

MSEK

1 500
1 200	962	888	845	1 073	915
900
600
300	976	916	933	846	951
0
Q2- 20	Q3- 20	Q4- 20	Q1- 21	Q2- 21
		Revenue		Order intake

Order intake & Revenue by R12M

MSEK
5 000	4 142	3 990
4 000	3 761	3 768	3 720
3 000
2 000
1 000	4 119	3 950	3 740	3 670	3 646
0
Q2- 20	Q3- 20	Q4- 20	Q1- 21	Q2- 21
		Revenue		Order intake

Internals and lower volumes in

China

- Industrial down due to backlog

into Q2 and timing of deliveries in

US

§ EBITA increased to MSEK 126 (87),

margin improved to 13.2% (8.9)

- Improved profitability driven by

cost savings

EBITA & EBITA margin by Quarters

EBITA & EBITA margin by R12M

MSEK					%	MSEK					%
150					20	800					20,0
			11,2	13,2	15	600					15,0
				11,0
100		9.2				9,3		9,1	10,3
8,9	7,3			10	400		8,5	10,0
50					5	200					5,0
87	67	86	95	126			451	367	319	335	374
0					0	0					0,0
Q2- 20	Q3- 20	Q4- 20	Q1- 21	Q2- 21			Q2- 20	Q3- 20	Q4- 20	Q1- 21	Q2- 21
	EBITA		EBITA %					EBITA	EBITA %

4

BMU

Q2

• Order intake decreased by 1% (up 5% organically)
• • Increased service order intake in most regions
  • Equipment sales lower mainly due to US - delayed project awards
• Revenue increased by 6% (up 12% organically)
• • Increased service revenues in Europe and Americas
  • Higher equipment revenues from Middle East and Australia (Sydney Harbour Bridge)
• EBITA at MSEK 6 (-3), margin 2.5% (-1.4)
• • Impacted by higher revenues and reduced SG&A expenses
  • Activities to improve profitability ongoing

Order intake & Revenue by Quarters

Order intake & Revenue by R12M

MSEK				289		MSEK
300			262		1 500
	237
250	225			233	1 119	1 041	975	1 013	1 009
			1 200
200						900
						600
150						300
	238	227	247	228	252	1 016	962	939	953
	1 077
100						0
	Q2- 20	Q3- 20	Q4- 20	Q1- 21	Q2- 21	Q2- 20	Q3- 20	Q4- 20	Q1- 21	Q2- 21
		Revenue		Order intake			Revenue		Order intake

EBITA & EBITA margin by Quarters				EBITA & EBITA margin by R12M
														MSEK										%
15													5	20												3
										2,5			1,6
10												2
														17
5																							1
-1,4				-0,9				6			0
0					-2,5
									-1				-18		-34		-32		-22
-5	-3		-21		-2		-6									-1,7							-1
									-4								-2.3
-10													-20							-3.5		-3,4
-15				-9,1								-7									-3
-20
-25													-10	-40													-5
		Q2- 20	Q3- 20		Q4- 20		Q1- 21	Q2- 21				Q2- 20		Q3- 20	Q4- 20		Q1- 21	Q2- 21
					EBITA	EBITA %									EBITA		EBITA %

5