Transcript Equity story

Framtidens Stad
Malmö, 26 november, 2014
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The largest European window group in a fragmented market
Largest European window group
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Clear market leader in the Nordic region
Largest window group in Europe
Leading position
Clear market leader in the Nordic region
Challenger position
Net sales LTM (Q3) of SEK 4,700 million
Approximately 3,000 employees
Headquartered in Malmö, the city of the future
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Dedicated consumer focus with local sales mix
Sales by customer (2013)
Manufacturers of
prefabricated
homes 10%
Sales by segment (2013)3
Export Other
2%
3%
Direct
sales
23%
Large building
companies
19%
EBE
5%
Other
10%
Norway
9%
Finland
25%
Sweden
37%
Denmark
15%
Sales by product (2013)
Accessories Other
5%
2%
Retailers
32%
Middlemen2
12%
Industrial
Consumer
Installation
6%
Doors4
17%
Windows
70%
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Our market and business environment
Fragmented markets
Wood vs plastics
Made to measure
Consumer focus
Residential
Seasonality
Coordinated
thinking
and local
operations
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Seasonality – key issue to handle
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Q3 2014 – the best quarter ever for Inwido
Q3
Q1-Q3
Q4-Q3 Full-year
MSEK
2014
2013
Change
2014
2013
Change
LTM
2013
Net sales
1,287
1,109
14%*
3,495
3,107
10%*
4,687
4,300
Gross margin
26.4%
25.6%
-
22.3%
22.7%
-
22.3%
22.6%
171
136
26%
325
224
45%
446
345
13.3%
12.3%
-
9.3%
7.2%
-
9.5%
8.0%
Operating EBITA
Operating EBITA margin
*Net sales is adjusted for currency effects
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Q3: Growth and profitability on track
Operating EBITA (MSEK and %) July–September
2012
JNA/SPAR contribution
2013
2014
Operating EBITA (%)
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Strategy for profit growth in the next 3-5 years
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Capitalizing on strong Nordic position
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Organic and acquisition based growth in Europe
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Develop new products for the smart home
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Improve cost efficiency and flexibility in production
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Mission and ambition
We contribute to smart homes to improve
people’s well-being
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What we believe in - Inwido Trend Report 2012
3 most important trends
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1. Rurbanization rules……..
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2. More light and landscaping windows
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3. Smartifying everything
Energy is the new consumer currency
 Demand for comfort increases
Thank you!