Electrolux : Interim Reports Q3 2020 – Presentation

Q3 Results

2020 presentation

Business overview

Jonas Samuelson, President and CEO

Q3 Highlights

Strong sales growth on rebounding markets

• Pent-updemand and stimulus programs
• Significantly higher sales volumes
• Growth in premium brands and products
• Increased aftermarket sales
• Positive price and lower promotional discounts

SEKm	Q3 2020	Q3 2019	Change
Net sales	32,004	30,330	5.5%
Organic growth	15.2%	1.4%	13.8pts
Acquisitions	0.1%	0.0%	0.1pts
Divestments	0.0%	-0.2%	0.2pts
Currency	-9.7%	5.9%	-15.6pts
EBIT	3,220	1,063	N/A
Margin	10.1%	3.5%	6.6pts
EBIT excl. NRI	3,220	1,353	137.9%
EBIT margin excl. NRI	10.1%	4.5%	5.6pts

EBIT and margin*

Record high operating income

• Strong volume contribution
• Significant leverage from mix and price
• Limited net impact from raw material and currency

Exceptionally strong cash flow

AB ELECTROLUX Q3 2020 PRESENTATION

3,500			10.0%
3,000			8.0%
2,500
		6.0%
2,000
1,500			4.0%
1,000			2.0%
500
		0.0%
0
-500 Q3 Q4 Q1	Q2 Q3 Q4 Q1	Q2 Q3 -2.0%
2018	2019	2020
EBIT		EBIT %	EBIT % R12

*Excluding non-recurring items (NRI) and currency adjusted. Q3 2019 included non-recurring items amounting to SEK -290m and referred to recovery of overpaid sales tax in Brazil of SEK 1,403m, a legal settlement in the U.S. of SEK -197m and restructuring charges for efficiency measures and outsourcing projects across business areas and Group common costs of SEK -1,496m.

Driving sustainable consumer experience innovation

Solutions to reduce food waste

• Empowering consumers to reduce food waste
• Electrolux multidoor refrigerators offer solutions to keep food fresh longer
• Ambitious growth targets to increase value market share in multidoor

Growing in aftermarket

• Fixed price repair service in Europe since 2017
• Potential to grow in the largely untapped aftermarket business
• Objective to double aftermarket sales to 10% of Group sales by 2025

AB ELECTROLUX Q3 2020 PRESENTATION

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