Wastbygg Gruppen Ab Class B · OMXSTO:WBGR_B
Wastbygg Gruppen Ab Class B — Q1 2024 Earnings Presentation
16 slides from Wastbygg Gruppen Ab Class B's earnings presentation, May 7, 2024
Slide 1: Interim Report January – March 2024
INTERIM REPORT JANUARY – MARCH 2024 MAY 7, 2024
Slide 2: Today's Presenters
TODAY’S PRESENTERS JONAS JÖNEHALL PETER BRYNG Chief Executive Officer Interim CFO 2
Slide 3: First Quarter 2024 in Brief
FIRST QUARTER 2024 BRF PRISMA, MÖLNDAL IN BRIEF • Positive trend regarding sale of own- developed condominiums. • Gap quarter with postponed processing rate. • Important steps taken within our larger logistics and industry projects. • Continued strong order back-log. 3
Slide 4: Significant Events
FIRST QUARTER 2024 BRF PRISMA, MÖLNDAL SIGNIFICANT EVENTS • Amortization of another SEK 50 million on the green bond. • Changes to the senior executive management of Wästbygg Group. 4
Slide 5: Key Figures
MATHEM, STOCKHOLM FIRST QUARTER 2024 BRF PRISMA, MÖLNDAL KEY FIGURES REVENUE EBIT MARGIN MSEK 942 -5.0% (1.379) (1.6) DISTRIBUTION OF REVENUE – JAN-MAR 2024 10% 27% 23% 50% 90% Residential Construction Commercial Project Development Logistics & industry As of Q2 2020 the Company consolidates tenant-
Slide 6: Residential
RESIDENTIAL SEGMENT DEVELOPMENT • Focus on multi dwelling buildings (condominiums and rental apartments) and student housing. • Construction and project development. PRODUCTION, NUMBER OF FLATS Completed during the first quarter 177 Ongoing March 31 1,112 – of which construction 711 – of which proje
Slide 7: Residential: Revenue and EBIT Margin
RESIDENTIAL SEGMENT DEVELOPMENT • Focus on multi dwelling buildings (condominiums and rental apartments) and student housing. • Construction and project development. REVENUE, SEKM Construction Project dev. EBIT margin 9,00% 500 -1,1% 1500 -1,00% 400 1061 -11,00%224 1000 300 -7,5% 602 732 593 -21,00%
Slide 8: Commercial
COMMERCIAL SEGMENT DEVELOPMENT • Focus on commercial properties including retail, offices, community service properties and hotels. • Construction and project development. PRODUCTION, NUMBER OF SQM Completed during the first quarter 4,900 Ongoing March 31 130,050 – of which construction 127,050 – of
Slide 9: Commercial: Revenue and EBIT Margin
COMMERCIAL SEGMENT DEVELOPMENT • Focus on commercial properties including retail, offices, community service properties and hotels. • Construction and project development. REVENUE, SEKM Construction Project dev. EBIT margin 9,00% 3,0% -2,5% 2000 2 0 0 0 1926 0 1811 1793 4,00% 1500 400 492 474 1000 -
Slide 10: Logistics and Industry
LOGISTICS AND INDUSTRY HEMTEX, BORÅS SEGMENT DEVELOPMENT • Focus on larger logistics and industrial buildings under the brand of LC. • Construction and project development. PRODUCTION, NUMBER OF SQM Completed during the first quarter 26,000 Ongoing March 31 405,600 – of which construction 321,000 –
Slide 11: Logistics and Industry: Revenue and EBIT Margin
LOGISTICS AND INDUSTRY HEMTEX, BORÅS SEGMENT DEVELOPMENT • Focus on larger logistics and industrial buildings under the brand of LC. • Construction and project development. REVENUE, SEKM Construction Project dev. EBIT margin 13,00% 2000 500 3,6% 800 709 400 8,00% -5,5% 1500 563 176 392 300 5 1379 3,
Slide 12: Order Intake and Backlog Since 2020
ORDER INTAKE AND BACKLOG SINCE 2020 SEASONALITY WITH STRONG ORDER INTAKES IN Q2 AND Q4 DISTRIBUTION OF ORDER BACKLOG 3 500 7 000 3 000 6 000 15% 2 500 5 000 60% 25% 2 000 4 000 1 500 3 000 1 000 2 000 Residential 500 1 000 Commercial Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Logistics & 0 0 in
Slide 13: Medium Term Financial Targets
MEDIUM TERM FINANCIAL TARGETS ANNUAL EBIT EQUITY / DIVIDEND GROWTH TARGET MARGIN ASSETS RATIO POLICY TARGET: TARGET: TARGET: TARGET: 10% >6% >25% 40% OVER TIME OF NET PROFIT, OVER TIME OUTCOME: OUTCOME: OUTCOME: 6.6% -13% 34% CAGR’21-LTM MAR 24-LTM MAR 24-LTM As of Q2 2020 the Company consolidates t
Slide 14: Summary
SUMMARY • 2024 started off with a gap quarter. • Continued strong equity ratio and sustained focus on lowered debt. • Unpredictable market with positive indications. • Focus on restoring strong profitability. 14
Slide 15: Q&A
Q&A JONAS JÖNEHALL PETER BRYNG Chief Executive Officer Interim CFO 15
Slide 16: Thank You!
NEXT INTERIM REPORT: AUGUST 22, 2024 THANK YOU!