Saab Q4 2021 Presentation

11 February 2022

Micael Johansson, President and CEO Christian Luiga, CFO and Deputy CEO

FY 2021 Highlights

Orders Growth

43,569 MSEK 3%

(42,328 MSEK)

EBITDA Margin

4,826 MSEK

12.3%

(2,833 MSEK)

(8.0%)

OCF

3,276 MSEK

(2,773 MSEK)

Sales Growth

39,154 MSEK 11%

(35,431 MSEK)

EBIT Margin

2,888 MSEK

7.4%

(1,315 MSEK)

(3.7%)

  • Saab is growing - a strong year with growth in order intake, order backlog and sales
  • Delivered on our outlook on all metrics; sales growth, EBIT margin and cash flow
  • Gripen E entering serial delivery phase for Brazilian and Swedish Air Forces
  • Delivering on our multi-domestic strategy, including opening of U.S. T-7facility and strengthening presence in Germany and Finland
  • Developing future capabilities related to defence cloud, cyber defence and sensor systems
  • Acceleration of our sustainability strategy
  • Strengthened balance sheet and proposed increase of dividend to SEK 4.90 (4.70)

Q4 Highlights

Orders Growth

12,218 MSEK -33%

(18,106 MSEK)

EBITDA

Margin

1,587 MSEK 13.3%

(1,229 MSEK)

(9.8%)

OCF

1,522 MSEK

(2,901 MSEK)

Sales Growth

11,943 MSEK -4%

(12,491 MSEK)

EBIT

Margin

1,076 MSEK

9.0%

(766 MSEK)

(6.1%)

Market status and orders

High activity in the defence and security market

  • Rising geopolitical tensions and security threats impact short and long-term demand
  • Defence budgets to increase in several countries, e.g. Sweden, U.K. and Australia
  • Increased demand in capabilities such as Defence Cloud, Space, Cyber Security and Autonomy
  • Demand in civil aviation still weak

Orders in Q4

  • New equipment contract for the Gripen E fighter to Sweden
  • Capability upgrade contract for the Hungarian Gripen C/D fleet
  • Sea Giraffe AMB order to Royal Canadian Navy
  • Several Carl-Gustaf orders, including next generation ammunition to Sweden
  • Launch contract for G1X radar with short range air defence application
  • HX-fightercampaign: Finland selects U.S. capability despite strong Swedish offer

4

Business area summary

Aeronautics

  • Selected to final round in Canada campaign
  • Gripen E programme entering delivery phase to both Brazil and Sweden
  • Continued low sales in civil aviation operations
  • T-7Aoperations continued to impact negatively

MSEK

Q4 2021

Q4 2020

FY 2021

FY 2020

Order intake

3,166

1,985

7,828

6,006

Sales

3,637

3,577

12,263

11,340*

EBITDA

301

-286*

871

-771*

EBITDA margin

8.3%

-8.0%

7.1%

-6.8%

EBIT margin

7.3%

-8.8%

6.1%

-7.7%

Dynamics

  • Continued favourable market position
  • Several Carl-Gustaf M4 orders in Q4
  • Next phase Heavyweight Torpedo 62 to Sweden and Saab Seaeye underwater robots to UK customer
  • Q4 sales down due to lower seasonal sales variation
  • Good performance in Ground Combat and Underwater Systems

MSEK

Q4 2021

Q4 2020

FY 2021

FY 2020

Order intake

2,972

1,830

10,909

12,028

Sales

2,790

2,924

8,690

7,608

EBITDA

393

458*

1,201

1,003*

EBITDA margin

14.1%

15.7%

13.8%

13.2%

EBIT margin

13.3%

14.7%

12.8%

12.0%

*Impacted by project estimate adjustments

*Impacted by project estimate adjustments

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Saab AB published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 08:47:07 UTC.