Prevas Ab Class B · OMXSTO:PREV_B
Prevas Ab Class B — Q3 2023 Earnings Presentation
19 slides from Prevas Ab Class B's earnings presentation, Oct 26, 2023
Slide 1: Hello Investors Q3 2023
Hello Investors Q3 2023 2023-10-26
Slide 2: Agenda
Agenda. Prevas Interim Report July-Sep 2023 1. Introduction 2. Financial performance and comments 3. The market and way forward 4. Q & A 10/26/2023
Slide 3: Prevas in Brief
Prevas in Brief • Engineering consultancy founded in 1985 • 900 employees in Denmark, Norway and Sweden • Sustainable product- and production development for the Nordic market • Highly profitable with continuous growth • Successful track record of spearhead acquisitions • Well positioned in the mark
Slide 4: Financial Performance
Financial Performance 2023-10-26
Slide 5: Profitable Growth in a Dynamic Market
Profitable Growth in a Dynamic Market Q3 2023 2022 Change Turnover (MSEK) 311.4 283.4 +10.0% EBITA (MSEK) 31.0 33.2 -6.6% EBITA Margin 10.0% 11.7% EPS (SEK) 1.73 1.94 Op. Cash flow (SEK) 50.4 23.0 Net effect of one less working days approx 5 MSEK
Slide 6: All-time high Q1 – Q3
All-time high Q1 – Q3 Q1 – Q3 2023 2022 Change Turnover (MSEK) 1 083.4 934.3 +16.0% EBITA (MSEK) 125.2 112.3 +11.6% EBITA Margin 11.6% 12.0% EPS (SEK) 6.81 6.57 Op.Cash flow (SEK) 123.2 75.5
Slide 7: Long-term Value Creation
Long-term Value Creation Financial goal: Financial goal: Qualitative sales growth of at least 10% EBITA margin at least 12% over time. per year including acqusitions. Quarterly turnover and rolling 12 revenue growth Quarterly EBITA and rolling 12 EBITA-margin 180 12% 400 Turnover (MSEK) 50,00% EBITA
Slide 8: Earnings per Share
Earnings per Share 10 8 Q1-Q3 Helår Full year 6 4 2 0 2018 2019 2020 2021 2022 2023 2023-10-26
Slide 9: Cash Flow Highlights
Cash Flow Highlights MSEK Q3 2023 Q3 2022 Cash flow from operating activities 50 23 Cash flow from investment activities -1 -1 Cash flow from financing activities -8 -12 Cash flow from the period 41 -10 Cash 102 80 2023-10-26
Slide 10: Financial Position
Financial Position Financial goal: The net debt/EBITDA ratio should not exceed 2 over time. MSEK Q3 2023 FY 2022 Net debt excl rights-of-use assets -50 -20 /EBITDA R12 209 193 Net debt/EBITDA -0.24 -0.10 Equity ratio 60,8% 56.9% 2023-10-26
Slide 11: Financial Position
Financial Position • Strong operational cashflow • Low net debt • Strong balance sheet & solid financial situation Great financial platform moving forward 2023-10-26
Slide 12: Business update
Business update Framework agreement signed with Vattenfall Expanded strategic cooperation with Hexagon Growth in Defence, Cyber Security & Energy Several important orders • EAM solution for public transportation provider • Test systems for Defence • Embedded solution for video streaming & image anal
Slide 13: Prevas Going Forward
Prevas Going Forward
Slide 14: Strategic Growth through Acquisitions
Strategic Growth through Acquisitions Spearhead acquisitions in 2023 • DVel (advanced test & measurement systems) • Unibap (AI Vision) • SDS Medteq (Life Science/regulatory experts) Proven track record 2021 – 2023 • 9 acquisitions • Merge with Prevas enables increased growth, profitability, challeng
Slide 15: A Dynamic Market
A Dynamic Market • High demand in sectors like energy, electrification and defence • Reduced demand from some customers and regions • The competition on consultancy assignments has increased in some areas • The demand regarding advanced and complex assignments is greater than the supply • We view th
Slide 16: Well Positioned
Well Positioned • Strong position in growth areas • Low customer dependency • Long term customer relationships • Decentralized, agile organization • Provide value in the core of customer operations The largest customers, Q3 2023 (<25% of total turnover) Saab / Ericsson / ABB / Atlas Copco / Sandvik
Slide 17: Summary
Summary Continued profitable growth with stable margins Successful spearhead acquisitions Well positioned in dynamic market conditions Active adaption to market needs Executing on our long-term endeavors to be perceived as premium The Prevas journey continues! 2023-10-26
Slide 18: Questions are Welcome
Questions are Welcome Prevas | Hello Possibility. 2023-10-26
Slide 19: Prevas | Hello Possibility.
Prevads | Hello Possibility.