Slide 1: Interim Report Third Quarter
Interim Report Third Quarter July – September 2024 Bengt Lejdström Susanna Zethelius Creating sustainable, efficient and safe societies President & CEO CFO
Slide 2: Sdiptech in short
Sdiptech in short Two business areas with six infrastructure segments Resource Efficiency Special Infrastructure Solutions Creating sustainable, efficient and safe societies An infrastructure technology group Water & Power & Bioeconomy & Air & Safety & Transportation & Sanitation Energy Waste manage
Slide 3: Summary of the third quarter
Summary of the third quarter Highlights Continued stable demand, in line with last year ▪ Net sales increased with 7% ▪ 1% organic, -2% currency effects and 8% acquired growth ▪ Despite tough comps (20% organic growth last year) Lower profit levels due to sales mix change ▪ Adjusted EBITA increased
Slide 4: Sales split: LTM Q3, 2024
Sales split: LTM Q3, 2024 Turnover by type of Geographical distribution of revenue sales Distribution Other, rest of the world 0% 7% Sweden Service 19% 21% Other, Europe 15% Italy 5% 18% 5% 61% Norway 5% Germany 4% 40% Installation USA United Kingdom Proprietary products 4 Sources: Sdiptech Financia
Slide 5: Net sales & Adj. EBITA margin
Net sales & Adj. EBITA margin MSEK Net Sales Adj. EBITA margin Quarter 5,500 28% 5,050 5,132 26% Net sales increased by 7% and 1% organic 5,000 4,843 4,581 24% 4,500 4,298 Adj. EBITA margin 19.1% 22% 20.0% 20.1% 20.0% 19.9% 19.6% 4,000 19.1% 20% 18.7% 3,505 3,500 18% 16.6% YTD 16% 3,000 14.4% 2,719
Slide 6: Adj. EBITA
Adj. EBITA MSEK 1,200 Adj. EBITA 1,007 1,006 Quarter 968 920 900 860 Adj. EBITA in line with last year, -8% organic growth, excl currency 671 600 YTD 509 Adj. EBITA increased by 13%, 347 whereof 1% organic, excl currency 300 262 177 123 0 2017 2018 2019 2020 2021 2022 LTM Q3 LTM Q4 LTM Q1 LTM Q2 LTM
Slide 7: Resource Efficiency
Resource Efficiency Quarter Water & Sanitation Net sales (SEKm) Adj. EBITA (SEKm) Adj. EBITA margin (%) Sales increased by 7% to SEK 423m (396) Power & Energy Adj. EBITA increased by 1% to SEK 92m (91) 1 801 24,3% 1 650 22,7% Adj. EBITA margin at 22% (23) 20,8% 22,2% Bio economy & 21,7% Waste manage
Slide 8: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter Water & Sanitation Net sales (SEKm) Adj. EBITA (SEKm) Adj. EBITA margin (%) Sales increased by 7% to SEK 787m (733) 3 330 Power & Energy Adj. EBITA flat at SEK 157m (157) 21,2% 20,1% 20,2% 18,6% 2 931 Adj. EBITA margin at 20% (21) 17,5% Bio economy & Waste ma
Slide 9: Cash flow & Cash conversion
Cash flow & Cash conversion MSEK 900 130% 115.0% 120% Quarter 109.0% 733 110% 750 ▪ Cash flow from operations amounted to MSEK 100% 167, corresponding to 67% cash conversion 619 565 90% 600 80.0% ▪ Continue to focus on increasing cash flow 77.0% 80% 71.0% 67.0% 70% 63.0% 451 450 56.0% 385 60% YTD 31
Slide 10: Additional metrics
Additional metrics Jul-Sep Jul-Sep LTM Sep Jan-Dec 2024 2023 2024 2023 Profit after tax, (SEK million) 91 130 424 450 Earnings per ordinary share after dilution 2.28 3.34 10.69 11.45 (SEK) Financial net debt/Adjusted EBITDA, 2.09 2.29 2.09 2.03 multiple 3.08 3.44 3.08 3.09 Net debt/Adjusted EBITDA,
Slide 11: Additional metrics
Additional metrics Jul-Sep Jul-Sep LTM Sep Jan-Dec 2024 2023 2024 2023 Profit after tax, (SEK million) 91 130 424 450 Earnings per ordinary share after dilution 2.28 3.34 10.69 11.45 (SEK) Financial net debt/Adjusted EBITDA, 2.09 2.29 2.09 2.03 multiple 3.08 3.44 3.08 3.09 Net debt/Adjusted EBITDA,
Slide 12: Acquisition in Q4: Welcome Eagle Automation Systems
Acquisition in Q4: Welcome Eagle Automation Systems ▪ Approx. GBP 2 million in annual EBIT ▪ One-stop shop for physical perimeter security, offering a broad range of hostile vehicle mitigation (HVM) solutions tailored to high-security environments. ▪ Contributes to SDG target: 16.A ▪ Included in the
Slide 13: Acquisitions
Acquisitions JR Industries Ltd in UK (Q1-24) ▪ Approx. GBP 4.5 million in annual EBIT 170 ▪ Roller shutter doors for commercial vehicles 158 161 160 ▪ Stable growth driven by several long-term trend ▪ SDG 8.2 diversify, innovate and upgrade for economic productivity 150 150m ▪ Special Infrastructure
Slide 14: From two to four business areas
From two to four business areas Two business areas with six infrastructure segments Resource Efficiency Special Infrastructure Solutions Water & Power & Bioeconomy & Air & Safety & Transportation & Sanitation Energy Waste management Climate Security Logistic Details to be presented in the year-end r
Slide 15: Four areas for continued growth
Four areas for continued growth Supply chain & Transportation Water & Bioeconomy Safety & Security Energy & Electrification ▪ Systems and ▪ Solutions in fire and ▪ Niche solutions in areas ▪ Innovative solutions technologies in water, personal safety, such as energy efficiency, operating in moderniz
Slide 16: Looking ahead
Looking ahead Highlights Continued solid demand ▪ Benefit from strong market position and resilience to cyclical changes ▪ Continued unchanging demand throughout the Group Continued tough comps for Q4 ▪ Q4-23: ▪ Net sales 20% organic growth Sharpened organisation from 1st January 2025 ▪ Clear and ef
Slide 17: Appendix
Appendix > svPTECH
Slide 18: Current Management Team and Board of Directors
Current Management Team and Board of Directors Management Bengt Lejdström 84,940 (Class B) 500 (Pref) 87,500 (Warrants) Anders Mattson 50,003 (Class B) 52,000 (Warrants) CEO Lagercrantz Group, Interim Justitia, Acando Head of Special Munters, Roland Berger, Bearingpoint M.Sc. Stockholm School of Eco
Slide 19: Ownership September 2024
Ownership 31 September 2024 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 3,963,256 9.97% 8.16% Swedbank Robur Fonder 3,224,909 8.11% 6.64% Handelsbanken Fonder 2,661,499 6.70% 5.48% Cliens Fonder 2,089,035 5.26% 4.30% Ashkan Pouya 1,424,000 592,967 5.08% 30.52% SEB Fonder 1,
Slide 20: Adjusted EBITA → Net profit
Adjusted EBITA → Net profit MSEK 2024 2023 2024 2023 Continued operations YTD Sep YTD Sep LTM Sep Full Year Net Sales 3,830 3,280 5,132 4,582 Operational costs -3,079 -2,616 -4,126 -3,663 Profit from operations, adjusted EBITA 751 664 1,006 919 EBITA*, best representation of the profits from the ong