Slide 1: AFRY Q4 2024
AFRY Q4 2024 LINDA PÅLSSON, PRESIDENT & CEO BO SANDSTRÖM, CFO 7 FEBRUARY, 2025
Slide 2: 2024 Highlights
2024 Highlights Stable performance in a less favourable market Net sales EBITA — Continued strong global position in key segments 27.2 BSEK 2.1 BSEK — Strong market in energy sector but weaker in real estate, (27.0) (2.0) pulp and paper, and IT — Sales in line with last year and improved profitabili
Slide 3: Q4 Highlights
Q4 Highlights Stable results and strong cash flow Net sales EBITA — Total growth of -0.7% and -0.2% adj. organic 7,085 MSEK 586 MSEK — Strong growth in Energy offset by lower volumes in (7,135) (596) Process Industries — Order backlog growth of 4%, driven by Energy EBITA margin Earnings per share —
Slide 4: Market update
Market update INDUSTRIAL SECTOR — Mixed market with remaining uncertainty in some segments — Strong demand in defence while stable in automotive, food and life science — Low demand in pulp & paper and for IT consultants ENERGY SECTOR — Strong demand and high activity driven by energy transition INFR
Slide 5: Division overview, Q4
Division overview, Q4 Strengthen position and profitability in infrastructure Scale globally in Grow Nordic decarbonisation, industrial and digital energy and portfolio, expand biobased materials internationally in niches Process Energy Management Infrastructure Industrial & Industries Consulting Di
Slide 6: Assignment for Arauco's new pulp mill in Brazil
Assignment for Project for Paks Design of Tampere’s Arauco’s new pulp Nuclear Power Plant in new tramway route mill in Brazil Hungary CONFIDENTIAL
Slide 7: New ENR ranking reconfirms AFRY's leading global position in key segments
New ENR ranking reconfirms AFRY’s leading global position in key segments I N D U S T R I A L P R O C E SS E S ( # 5 ) ENERGY (#7) 1 Pulp & Paper 2 Co-generation 1 Food & Beverages 5 Operations & Maintenance 5 Chemicals 7 Hydro 6 Steel 7 Transmission & Distribution 9 Mining 10 Wind Power 1) ENR Glob
Slide 8: Financial overview
Financial overview NET SALES; QUARTERLY AND R12; SEK MILLION EBITA; QUARTERLY AND R12; SEK MILLION; EXCL. IAC 26,978 27,160 2,113 2,032 1,886 23,552 7,135 7,085 596 586 6,609 578 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24
Slide 9: Net sales
Net sales NET SALES; SEK MILLION COMMENTS — Price development in quarter largely compensating the lower number of FTEs — Negative calendar effect of 4 hours, corresponding to SEK -55 million on net -0.2% -0.7% sales 7,135 -17 7,118 7,085 -55 32 -9 Q4 2023 Price/Volume Adj. Org Calendar FX Structural
Slide 10: Growth development
INFRASTRUCTURE 1.8 3.2 Growth development Q3 2024 Q4 2024 INDUSTRIAL & DIGITAL SOLUTIONS 1.6 2.6 Q3 2024 Q4 2024 GROUP ADJUSTED ORGANIC GROWTH; YoY; % 5.9 PROCESS INDUSTRIES -8.5 -9.6 2.2 Q3 2024 Q4 2024 ENERGY 0.5 0.1 7.6 6.7 -0.2 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q3 2024 Q4 2024 MANAGEMENT C
Slide 11: Order backlog
INFRASTRUCTURE 8.7 8.8 Order backlog Q4 2023 Q4 2024 INDUSTRIAL & DIGITAL GROUP ORDER BACKLOG; SEK BILLION SOLUTIONS 2.7 2.9 Q4 2023 Q4 2024 +4.0% 20.4 19.9 19.7 20.1 19.3 PROCESS INDUSTRIES 3.0 2.8 Q4 2023 Q4 2024 ENERGY 4.6 5.2 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q4 2024 MANAGEMENT COM
Slide 12: EBITA development
EBITA MARGIN; % INFRASTRUCTURE 8.4 9.4 EBITA development Q4 2023 Q4 2024 INDUSTRIAL & DIGITAL SOLUTIONS GROUP EBITA; SEK MILLION; EXCL. IAC 6.7 6.1 Q4 2023 Q4 2024 +32 596 586 -42 554 PROCESS INDUSTRIES 11.9 9.7 Q4 2023 Q4 2024 ENERGY Q4 2023 Calendar effect Cal. Adj. Q4 2023 Q4 2024 11.4 11.9 EBITA
Slide 13: Calendar and estimated calendar effects 2025
Calendar and estimated calendar effects 2025 WEIGHTED ESTIMATED EBITA AVAILABLE HOURS IMPACT; MSEK 2025 2024 DIFF Q1 495 500 -5 -50 Q2 476 485 -9 -100 Q3 525 525 0 +15 Q4 491 493 -2 -25 FULL YEAR 1 987 2 003 -16 -160
Slide 14: Cash flow and financial position
Cash flow and financial position OPERATING CASH FLOW; SEK MILLION AVAILABLE LIQUIDITY; SEK BILLION +346 +0.5 1,304 4.6 4.2 4.2 3.8 3.7 958 420 108 162 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 NET DEBT; EXCL. IFRS16; SEK BILLION NET DEBT/EBITDA; EXCL. IFRS16; TI
Slide 15: Opening the next chapter of AFRY
Opening the next chapter of AFRY A strong starting point Taking actions to allow for profitable growth AFRY is uniquely positioned to lead its clients AFRY will take actions to strengthen our through the green transition within the energy, strategic position and secure a fit-for-purpose industry and
Slide 16: Taking actions to allow for profitable growth
Taking actions to allow for profitable growth 1. Focus AFRY’s core business 2. Enhance client value 3. Fit-for-purpose operational structure — Secure long-term — Strengthen capabilities — Streamline operational positioning and strong to deliver complex and structures to improve core business of AFRY
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