Dometic : Presentation (på engelska)

INTERIM PRESENTATION

Q1 2022

April 28, 2022

JUAN VARGUES

PRESIDENT & CEO

Q1 2022 HIGHLIGHTS

Market development

• ▪ Strong backlog and retail inventory levels lower than historical levels

• ▪ Continued supply chain constraints and increased raw material prices

• ▪ Uncertain macroeconomic situation

Performance

• ▪ Strategy execution is yielding results - strongest Q1 ever

• ▪ 55% sales growth with improved sales mix

• ▪ Price increases implemented

• ▪ EBITA margin before i.a.c. 14.8%

  • ▪ Stable compared to Q1 2021 excluding Igloo

  • ▪ Igloo EBITA margin above mid-single digit, an improvement compared to last year

  • ▪ Net debt leverage 2.7x, three acquisitions completed

• ▪ Announced closure of manufacturing site in Elkhart, Indiana

Q1 2022 FINANCIAL SUMMARY

Net sales SEK 7,518 m, +55% total growth

• ▪ 7% organic

• ▪ 5% FX

• ▪ 43% M&A

EBITA before i.a.c. SEK 1,114 m, +39%

• • EBITA margin of 14.8% (16.5%)

Adjusted EPS SEK 2.27 (1.85)

Operating cash flow SEK -398 m (-20)

Leverage 2.7x (2.3x)

SEKm

9,000

8,500

8,000

7,500

7,000

6,500

6,000

5,500

5,000

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

0

YTD March 2021

YTD March 2022

EBITANet Sales EBITA Dev. Net Sales Dev.

EBITA: Earnings before amortization of acquisition-related intangible assets and items affecting comparability

Adjusted EPS: Excludes the impact from amortization of acquisition-related intangible assets and items affecting comparability

SALES GROWTH Q1 2022

Total growth

SEKm

Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022

Net sales SEK 7,518 m

• ▪ Total Growth SEK 2,660 m (+55%)

  • ▪ Americas +49%

  • ▪ EMEA +30%

  • ▪ APAC +24%

  • ▪ Marine +12%

  • ▪ Global +1021%

• ▪ Organic Growth 7%

  • ▪ Growth in all sales channels

  • ▪ Growth in four segments

Organic GrowthM&A GrowthNet Sales, Rolling 12 Months