Multiconsult Asa · OSL:MULTI
Multiconsult Asa — Q3 2024 Earnings Presentation
23 slides from Multiconsult Asa's earnings presentation, Nov 6, 2024
Slide 1: Third quarter 2024 results
Third quarter 2024 results Grethe Bergly, CEO | Ove B. Haupberg, CFO 6 November 2024 Stord High School, Stord Illustration: LINK Arkitektur multiconsult-ir.com
Slide 2: Bridging the past and the future
Bridging the past and the future Segments Business areas Sector balanced portfolio 7% 10% 14% Region Oslo Buildings & Properties Public 39% 22% 39% Region Norway Mobility & Transportation 49% 51% Private Architecture Energy & Industry 41% International 28% Water & Environment *share of net operating
Slide 3: Summary & Key Figures 3Q 2024
SUMMARY & KEY FIGURES | 3Q 2024 POSITIVE MOMENTUM CONTINUES NET OPERATING • Robust operational performance REVENUES EBITA • High activity • High organic revenue growth of 15.9% y-o-y 1 148 102.9 NOK million NOK million 17.5% y-o-y EBITA margin 9.0% VERY STRONG RESULTS • EBITA was NOK 102.9 million a
Slide 4: Market & Sales
MARKET & SALES LARGE SALES & NEW CONTRACTS ORDER INTAKE MARKET 3Q 2024 1 349 1 277 • The Norwegian Defense • Order intake in the quarter amounted Estates Agency 945 to NOK 1 277 million • High and diversified order backlog NOK million • Thylander – Søagerhusene • Substantial volume of ongoing • Supe
Slide 5: People & Organisation
PEOPLE & ORGANISATION PEOPLE ORGANISATION EXCELLENCE • 3 893 employees, an increase • Agathe Bryde Schjetlein appointed as • The Godsbanen project in Aarhus of 4.7% y-o-y EVP Sustainability awarded a DGNB Diamond distinction and honored with a certificate for • Full-time equivalents (FTE) increased
Slide 6: Financial review
Financial review OVE B. HAUPBERG | CFO multiconsult-ir.com
Slide 7: Financial Highlights 3Q 2024
FINANCIAL HIGHLIGHTS | 3Q 2024 Consolidated key figures NOK million 3Q 2024 3Q 2023 Change FY 2023 Net operating revenues 1 148.4 977.0 17.5% 4 802.5 • Net operating revenues increased to NOK 1 148.4 million EBITA 102.9 29.2 252.3% 419.5 (977.0), a y-o-y growth of 17.5% EBITA margin % 9.0% 3.0% 6.0p
Slide 8: Financial Highlights YTD 2024
FINANCIAL HIGHLIGHTS | YTD 2024 Consolidated key figures NOK million YTD 2024 YTD 2023 Change FY 2023 Net operating revenues 3 940.3 3 441.0 14.5% 4 802.5 • Net operating revenues increased to NOK 3 940.3 million EBITA 425.4 301.1 41.3% 419.5 (3 441.0), a y-o-y growth of 14.5% EBITA margin % 10.8% 8
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Net Operating Revenues Billing ratio +17.5% 1 500 5 500 Rolling 12 months 76 Net operating revenues +3.4pp 5 000 74 Billing ratio 1 000 4 500 72 NOK million Rolling 12 months 4 000 70 71.2% 1 148 500 977 3 500 68 770 876 68.3% 67.8% 3 000 66 0 2 500 64 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS 220 20% 200 180 16% 160 140 12% 120 100 9.0% 7.7% 31 8% 80 6.0% 60 EBITA 40 3.0% 4% 68 20 46 29 area: incl. Shaded NOK million one-offs 0 0% 3Q 2021 4Q 1Q 2Q 3Q 2022 4Q 1Q 2Q 3Q 2023 4Q 1Q 2Q 3Q 2024 EBITA, margin EBITA EBITA Note to comparable figure Q4 2023: Adjusted EBITA of
Slide 11: High Organic Growth
HIGH ORGANIC GROWTH REGION OSLO REGION NORWAY ARCHITECTURE INTERNATIONAL • Net operating revenues • Net operating revenues • Net operating • Net operating increased by 20.6% increased by 16.5% revenues at the same revenues increased by • EBITA margin 14.8% • EBITA margin 8.2% level 34.6% • Billing r
Slide 12: Financial Position
FINANCIAL POSITION • Strong cash flow from operations • NOK 522 million (369) 850 • Change in working capital 800 • YTD negative NOK 260 million (negative 362) 750 158 700 • Cash effect acquisition YTD negative NOK 62 million -260 650 • Net interest-bearing debt 600 550 • NIBD NOK 457 million NOK mi
Slide 13: Free Cash Flow
FREE CASH FLOW 669 640 605 575 547 515 503 515 433 400 409 369 323 334 318 NOK million 294 272 457 416 373 292 262 79 81 83 85 34 37 29 -31 -59 -26 -52 -28 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 Net cash
Slide 14: Business areas and closing remarks
Business areas and closing remarks GRETHE BERGLY | CEO multiconsult-ir.com
Slide 15: Market Structure
MARKET STRUCTURE OPERATING MULTICONSULT BUILDINGS & MOBILITY & ENERGY & WATER & REVENUES GROUP PROPERTIES TRANSPORTATION INDUSTRY ENVIRONMENT 14% 25% 24% % OF TOTAL 37% 3Q 2024 NOK million 1 348 505 343 318 182 Change y-o-y 17% 13% 6% 17% 64%
Slide 16: Outlook
OUTLOOK • Overall market outlook remains good and stable • Good level of new opportunities in the pipeline • Defence, infrastructure and sustainability projects continue to drive demand • Continued uncertainty and increased competition in parts of the market • High volume of ongoing projects, a dive
Slide 17: Financial Calendar
FINANCIAL CALENDAR CAPITAL MARKETS DAY 06.11.2024 - CMD FINANCIAL YEAR 2024 11.02.2025 - Quarterly Report - Q4 18.03.2025 - Annual Report 10.04.2025 - Annual General Meeting FINANCIAL YEAR 2025 13.05.2025 - Quarterly Report - Q1 19.08.2025 - Quarterly Report - Q2 04.11.2025 - Quarterly Report - Q3 T
Slide 18: Appendix
APPENDIX NTNU Faculty of Health and Social Science, Trondheim Photo: Gunnar Næss / LINK Arkitektur multiconsult-ir.com
Slide 19: Order Backlog 3Q 2024
ORDER BACKLOG | 3Q 2024 5 500 -5.0% 5 094 5 000 4 838 Buildings & Properties 4 500 Energy & Industry 4 000 Mobility & Transportation Water & Environment 3 500 NOK million 3 000 2 500 2 000 1 500 1 000 500 0 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 3Q 3Q 2021 2022 2023 2024 2023 2024 Note: Variations i
Slide 20: Order Intake 3Q 2024
ORDER INTAKE | 3Q 2024 2 573 Buildings & Properties Energy & Industry Mobility & Transportation Water & Environment 1 847 1 559 1 572 1 531 1 467 1 431 NOK million 1 349 1 277 1 224 1 142 945 749 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2021 2022 2023 2024 Västerås hospital, Sweden Photo: Hundven-Clem
Slide 21: Financial Highlights, Segments
FINANCIAL HIGHLIGHTS, SEGMENTS Region Oslo Region Norway Architecture International Net Operating Revenues Net Operating Revenues Net Operating Revenues Net Operating Revenues Net operating revenues Net operating revenues Net operating revenues Net operating revenues 800 800 250 0.0% 120 +34.6% 700
Slide 22: Thank you for your attention
THANK YOU FOR YOUR ATTENTION Investor relations in Multiconsult ASA E-mail: ir@multiconsult.no Web: multiconsult-ir.com
Slide 23: Multiconsult
Multiconsult