Slide 1: Q2 Report January – June 2022
Q2 Report January – June 2022 19 August 2022 Page 1
Slide 2: Key financials Q2 2022
Continued positive trend with stable profit margin and high growth Key financials Q2 2022 Sales grew by 44% to SEK 1 143 (794) million. Adjusted Organic growth of 5,4% SEK million Q2 Q2 LTM 2022 2021 2022 EBITA amounted to SEK 92 million (65). An improvement SALES 1 143 794 3 749 of 41% EBITA
Slide 3: Financial performance
Financial performance CAGR SALES (3y) CAGR EBITA (3y) 32% 129% Sales LTM EBITA LTM SEK 3 749m SEK 305 m (2021 Q2 LTM: 2 671) (2021 Q2 LTM: 153) Revenue, LTM, mkr EBITA, LTM, mkr 4 000 350 3 500 300 3 000 250 2 500 200 2 000 150 1 500 100 1 000 500 50 0 0 OMS LTM EBITA LTM Page 3
Slide 4: Strong growth mainly driven by acquisitions
Strong growth mainly driven by acquisitions Sales, growth (SEK million) Adjusted Organic growth of 5.4% compared to 1400 corresponding quarter last year (3.4% reported growth) 1200 +0.6% Acquisition growth 40% Currency effects 0.6% 1000 +40% 800 +3% 600 1 143 400 794 817,8 200 0 Q2-2021 Organi
Slide 5: Acquired companies in Q2 2022
Acquired companies in Q2 2022 Aktiv Veidrift AS Founded in 2002 Operates in Drammen area, southwest of Oslo Offers services in three main segments; light infrastructure, road and landscaping services Annual sales of NOK 240 million 100 employees Page 5
Slide 6: Construction work
Construction work Region Norway – Hadeland Maskindrift AS Hadeland Maskindrift has signed a contract with Viken Fylkeskommune Scope: Work includes edge and road reinforcement, mainly in the same route, trenching, repair, rebuilding and laying of gutters, sumps and drainage and restoration of sid
Slide 7: Groundwork for new boiler center
Groundwork for new boiler center Region Mid Markbygg Anläggning Väst has signed new contract with Kungälv energi Scope: Groundwork in connection with the new and state-of-the-art boiler center that will supply the entire municipality with safe, sustainable and cost-effective district heating C
Slide 8: Order backlog increased by 27% to SEK 6.7 billions
Order backlog increased by 27% to SEK 6.7 billions 7 000 6 000 The order backlog is substantial and all-time high. Lack of capacity in short term 5 000 4 000 Growth of 27% compared with Q2 2021 3 000 2 000 Volume increase driven by acquisitions and new contracts. High retention rate. 1 000 - 2019 20
Slide 9: Income Statement & Balance Sheet
Income Statement & Balance Sheet Page 9
Slide 10: Performance per segment
Performance per segment Continued growth in most segments Sales per segment Positive or stable margin development in most Region Norway, 33% segments Region Mid, 28% Region South, 14% Acquired companies contributed with robust profit Region Stockholm, 12% Stable improvement in sales and resu
Slide 11: Financial position
Cash Flow from Operations, SEK m Financial position 101 104 79 Cash flow of SEK 15 (104) million. 63 WC impact -81 million SEK driven by increased 49 42 outstanding accounts receivables 37 22 23 Leverage of 2.4X (2.3X) despite acquisitions 6 9 15 Continued focus on acquisitions 2019Q1 2019Q2
Slide 12: Financial targets
Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (% of NI) 10% 8% 2.5x 40% Approximately 40% of the years results to be distributed as Sales growth on average by 10% Net debt in relation to EBITDA Achieving an EBITA dividends, taking into account per year, including both organic s
Slide 13: Summary Q2 2022
Summary Q2 2022 Strong growth 44%, EBITA growth 41% Sales CAGR of 32%, EBITA CAGR of 129% (3y) EBITA margin stable on 8.0% (8.2) LTM EBITA margin 8.1%, above financial target One acquisition with annual sales of SEK 240 million closed during period Page 13
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landscaping group»