Flügger A/S : 1st - 4th quarter 2020/21

Financials FY 20/21

IR presentation Q4

June 2021

Flügger Management team

Sune Schnack
CEO	CFO	CDO
Sune Schnack	Poul Erik Stockfleth	Ulf Schnack

2

Flügger is a leading Nordic player within decorative paint products for both professionals and consumers.

In-house knowledge controlling entire value chain	Leading position supported by strong fundamentals and diversified revenue stream

3

With acquisition of Unicell and Eskaro Flügger has become international

To International player

From Scandinavian

235

14%

3

			2%
	17%	20	#
564	2	2019/20

East	Other export, revenue (DKKm)
	54
	2019/20

To three business units

2019/20

718

30%

1

2019/20

17%

3

60

2019/20

7%

179

3

2019/2020

From Flügger

To keeping momentum

From creating momentum

2019/20

West

45

		12%	13%
425		2019/20
4-5	2
2019/20
				119		5%
									4-5
				2019/2020

4

4

Flügger has a leading position in a number of attractive markets supported by attractive growth and spending dynamics

Overview of market dynamics

		Flügger
Market			Key stats
	position (#)
	5.6%			60.2
	[1]
	8.3%			51.6
	[2]
	4.6%			75.4
	[3]
	3.2%			15.7
	[4-5]
	9.0%			3.7
	[4-5]
	5.8%			11.6
	[3]
				Unemployment (%)*		GDP per capita ($k)**

Real GDP development (%)*

0.9%	1.6%	2.3% 3.2% 2.0% 2.4% 2.4%		2.8% 2.9%
							-3.3%
1.1% 2.7%	4.4% 2.4% 2.4% 2.2% 1.2%		3.1% 3.0%
							-2.8%
1.0% 2.0%	2.0% 1.1% 2.3% 1.3% 1.2%		3.9% 4.0%
							-0.8%
1.4%	3.3%	3.8% 3.1% 4.9% 5.1% 4.1%		3.5% 4.5%
							-2.7%
7.8% 7.3%	6.9% 6.8% 6.9% 6.7% 6.1%	4.0% 3.4%
							-4.2%
1.5%				1.8% 2.9% 2.1%		3.8% 3.8%
		0.0%
	-1.1%	-2.2%				-3.1%
13A	14A	15A	16A	17A	18A	19A	20A	21E	22E

Paint

consumption***

14

13

13

10

6

* IMF - (World Economic Outlook (April 2020) ** https://data.worldbank.org/indicator/NY.GDP.PCAP.CD2019 *** 2016 data, litres per capita

5