Slide 1: The Nordic Community Builder
i tlh. THE NORDIC COMMUNITY BUILDER
Slide 2: Housing investments expected to increase, but from low levels
MARKET OUTLOOK Housing investments expected to increase, but from low levels Started-up housing investments, new and renovations 2024 2025 2026 Sweden ↑ i 2024 2025 2026 Norway ↓( ) ↑ 2024 2025 2026 Finland →( ) Source: Navet
Slide 3: Started-up and estimated need for housing in Sweden
Started-up and estimated need for housing in Sweden 1994–2033 80 000 70 000 60 000 52,300 50 000 40 000 30,000 30 000 20 000 10 000 0 Apartment buildings Single homes Need for new housing (Boverket) Need for new housing (Swedbank) Source: Statistics Sweden, Boverket, Swedbank
Slide 4: Varying investment levels in other building construction
MARKET OUTLOOK Varying investment levels in other building construction Started-up other building construction investments, new and renovations 2024 2025 2026 Sweden → →( ) 2024 2025 2026 Norway (↑) (→) (→) 2024 2025 2026 Finland (→) → Source: Navet
Slide 5: Continued high level of investments in civil engineering
MARKET OUTLOOK Continued high level of investments in civil engineering Civil engineering investments 2024 2025 2026 Sweden (→) (-) 2024 2025 2026 Norway → (-) 2024 2025 2026 Finland (-) Source: Navet
Slide 6: Stable investment levels in the Nordic market
MARKET OUTLOOK Stable investment levels in the Nordic market Total construction and civil engineering investments, new and renovations 2024 2025 2026 Sweden (→) 2024 2025 2026 Norway ( ) (→) (→) 2024 2025 2026 Finland → (→) Source: Navet
Slide 7: Business area Construction
Business area Construction Kesberget preschool Vårgårda
Slide 8: Business area Construction
Business area Construction Oct-Dec Oct-Dec Jan-Dec Jan-Dec MSEK 2024 2023 2024 2023 Net sales 6,541 7,029 23,817 27,780 Operating profit excl. 96 -358 416 41 Mall of Scandinavia Operating margin excl. 1.5 -5.1 1.7 0.1 Mall of Scandinavia, % Operating profit 96 -358 416 441 Operating margin, % 1.5 -5
Slide 9: High level of orders received in the fourth quarter
BUSINESS AREA CONSTRUCTION High level of orders received in the fourth quarter Orders received, MSEK 7,000 6,563 6,654 6,321 6,325 6,000 5,835 5,577 5,000 4,804 4,756 Order backlog 4,489 4,000 3,000 23.2 BSEK (24.5) 2,000 1,000 0,000 Q422 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424
Slide 10: New contracts in the fourth quarter
BUSINESS AREA CONSTRUCTION New contracts in the fourth quarter New defence Renovation of New office New school industry facility apartments (MSEK 459) (MSEK 255) (MEUR 11) (MNOK 141) Kiruna Ulricehamn Jyväskylä Tromsø
Slide 11: Allocation per product area
BUSINESS AREA CONSTRUCTION Allocation per product area Net sales, 2024 Order backlog, December 31, 2024 12% Housing 11% Housing 27% Construction maintenance Construction maintenance 9% Sports facilities 7% 29% Sports facilities Industrial Industrial Offices Offices 12% 13% Logistics Logistics Servic
Slide 12: Business area Civil Engineering
Business area Civil Engineering Lock canal Södertälje
Slide 13: Business area Civil Engineering
Business area Civil Engineering Oct-Dec Oct-Dec Jan-Dec Jan-Dec MSEK 2024 2023 2024 2023 Net sales 4,893 4,454 16,539 15,164 Operating profit 140 180 499 501 Operating margin, % 2.9 4.0 3.0 3.3
Slide 14: Stable level of orders received and high order backlog
BUSINESS AREA CIVIL ENGINEERING Stable level of orders received and high order backlog Orders received, MSEK 9,000 8,188 7,985 8,000 7,000 6,000 Order backlog 5,000 4,000 3,000 2,904 4,442 3,891 3,483 3,274 3,051 3,229 19.9 BSEK (13.9) 2,000 1,000 0,000 Q422 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424
Slide 15: New contracts in the fourth quarter
BUSINESS AREA CIVIL ENGINEERING New contracts in the fourth quarter Reinforcement of water New waterworks New pipelines for and wastewater treatment (MSEK 580) technical water (MSEK 335) (MSEK 276) Eskilstuna Trollhättan Boden
Slide 16: Allocation per product area
BUSINESS AREA CIVIL ENGINEERING Allocation per product area Net sales, 2024 Order backlog per December 31, 2024 18% Operations and Operations and maintenance 21% 29% Energy maintenance Energy 6% Streets and 38% Streets and groundwork 5% groundwork Ports and sea Ports and sea 5% Industrial Industrial
Slide 17: Business area Industry
Business area Industry Paving Hamina, Finland
Slide 18: Business area Industry
Business area Industry Oct-Dec Oct-Dec Jan-Dec Jan-Dec MSEK 2024 2023 2024 2023 Net sales 5,576 5,056 21,548 19,962 Operating profit 597 476 1,415 962 Operating margin, % 10.7 9.4 6.6 4.8
Slide 19: Stable level of orders received and order backlog
BUSINESS AREA INDUSTRY Stable level of orders received and order backlog Orders received, MSEK 5,000 4,495 4,500 4,000 3,500 3,245 Order backlog 3,127 3,159 3,091 2,914 2,932 3,000 2,500 2,000 2,689 2,424 4.3 BSEK (4.0) 1,500 1,000 0,500 0,000 Q422 Q123 Q223 Q323 Q424 Q124 Q224 Q324 Q424
Slide 20: Allocation per product area
BUSINESS AREA INDUSTRY Allocation per product area Net sales, 2024 7% Paving 8% Concrete 8% Mineral Aggregates Transportation and Machines 14% 53% Rentals Construction System 10%
Slide 21: Lower capital employed and improved return on capital
BUSINESS AREA INDUSTRY Lower capital employed and improved return on capital Capital employed and return on capital employed* 14,000 14% 11,885 11,805 12,000 11,339 12% 10,807 10,762 10,699 10,806 10,688 9,920 10,000 10% Return on 8,000 8% capital employed 13.3 6,000 6% 4,000 4% % (8.6) 2,000 2% 0,0
Slide 22: Business area Project Development
Business area Project Development Apartment building Bara Centre Svedala
Slide 23: Business area Project Development
Business area Project Development Oct-Dec Oct-Dec Jan-Dec Jan-Dec MSEK 2024 2023 2024 2023 Net sales 1,737 1,456 4,270 5,722 Operating profit 521 17 728 304 Operating margin, % 30.0 1.2 17.0 5.3 of which Housing Development -1.1 -4.6 -2.7 3.8
Slide 24: Continued low activity level
BUSINESS AREA PROJECT DEVELOPMENT Continued low activity level Oct-Dec Oct-Dec Jan-Dec Jan-Dec MSEK 2024 2023 2024 2023 Total number of housing start-ups 3701 79 6152 7272 of which tenant-owner associations, ownership and residential limited companies 3701 - 6152 1212 of which in rental apartment p
Slide 25: Own housing development production
BUSINESS AREA PROJECT DEVELOPMENT Own housing development production 31 Dec, 31 Dec, Number 2024 2023 Total number of homes under production 1,550 3,694 of which tenant-owner associations, ownership 1,056 2,392 and residential limited companies of which in rental apartment projects 494 1,302 Share
Slide 26: Property projects
BUSINESS AREA PROJECT DEVELOPMENT Property projects Recognized Adopted Rentable Degree Completion Completion Type of project Location value, investment, area, m2 rented, % time point level, % MSEK MSEK Ongoing Retail, office building Malmö 11,000 13 79 592 Q3-2027 13 and parking * Completed Office b
Slide 27: JV transactions affected the fourth quarter
BUSINESS AREA PROJECT DEVELOPMENT JV transactions affected the fourth quarter Capital employed and return on capital employed* 25,000 9% 8% 19,767 20,000 18,017 18,093 18,334 18,408 18,229 7% 17,351 15,632 16,226 6% 15,000 Return on capital 5% employed 4% 10,000 3% 2% 4.3 % (2.2) 5,000 1% 0,000 0% Q
Slide 28: The Peab Group
The Peab Group
Slide 29: Segment reporting
THE GROUP Segment reporting Oct-Dec Oct-Dec Jan-Dec Jan-Dec MSEK 2024 2023 2024 2023 Net sales 16,785 15,639 58,697 58,821 Operating profit 1,255 133 2,763 1,853 Operating margin, % 7.5 0.9 4.7 3.2
Slide 30: Geographic spread in the Nordic region
THE GROUP Geographic spread in the Nordic region Net sales, 2024 11% 71% 16% (12) (72) (14) 2% (2)
Slide 31: Increased share of public customers
THE GROUP Increased share of public customers Net sales, 2024 44% (52) 56% (48) Public customers Private customers
Slide 32: High order backlog and continued good risk diversification
THE GROUP High order backlog and continued good risk diversification Orders received Order backlog Share of projects under MSEK 500 56.5 44.9 70% BSEK (45.1) BSEK (39.1) (80)
Slide 33: Order backlog extended in time
THE GROUP Order backlog extended in time Order backlog allocated over time, MSEK 30,000 28,275 25,566 25,000 20,000 15,000 10,000 10,083 11,864 4,767 37% after current 5,000 3,411 financial year 0,000 (35) Coming financial year Thereafter coming Thereafter financial year December 31, 2023 December 3
Slide 34: Continued strong cash flow in the quarter
THE GROUP Continued strong cash flow in the quarter Cash flow before financing, MSEK 2,000 1,719 1,462 1,500 1,195 1,000 450 0,500 0,000 -95 -0,500 -218 -1,000 -897 -908 -1,500 -2,000 -2,500 -2,321 -3,000 Q422 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q324
Slide 35: Net debt affected by acquisitions in the fourth quarter
THE GROUP Net debt affected by acquisitions in the fourth quarter Net debt and net debt/equity ratio 14,000 0,9 0,8 12,000 0,7 10,000 2,868 0,6 2,918 2,272 8,000 2,649 2,237 0,5 Net debt 2,685 2,042 2,612 6,000 4,000 2,209 8,849 7,255 7,313 0,4 0,3 9.1 BSEK (8.7) 5,991 6,490 6,397 6,681 0,2 4,690 5,
Slide 36: Target checkpoint
‘ Target checkpoint
Slide 37: Four target areas, nine external targets
Four target areas, nine external targets Most satisfied Best workplace eNPS customers CSI always over benchmark always over 75 Zero vision Serious accidents Through a contracting trend Operating margin Most profitable Leader in social Carbon dioxide Carbon dioxide intensity company >6 % responsibilt
Slide 38: Target: Operating margin over 6 percent
MOST PROFITABLE COMPANY Target: Operating margin over 6 percent Operating margin, Group 7 6.2 Target: 6% 6 5.2 4.8 4.9 5 4.7 4.5 4.7 4.4 4.3 4 3.2 3 2.5 2 1 0 2016 2017 2018 2019 2020* 2021 2022 2023** 2024 *Operating margin 4.5% excl. effect of the distribution of Annehem Fastigheter of MSEK 952 **
Slide 39: Target: Net debt/equity ratio within interval 0.3-0.7
MOST PROFITABLE COMPANY Target: Net debt/equity ratio within interval 0.3-0.7 Net debt/equity ratio, Group 1,0 0,8 0.6 0,6 0.6 0.5 0,5 Target interval: 0,4 0.3-0.7 0.3 0.3 0,2 0.2 0,2 0.1 0,0 2016 2017 2018 2019 2020 2021 2022 2023 2024 Years 2016-2018 are not translated according to the changed ac
Slide 40: Target: Dividend more than 50 percent of profit for the year
MOST PROFITABLE COMPANY Target: Dividend more than 50 percent of profit for the year Dividend, % of profit for the year Dividend per share, SEK 120 97 100 8,00 7.00 7,00 80 61 67 Target: >50% 6,00 5.00 58 59 59 58 5,00 4.50 60 4.20 4,00 3.60 4.00 4.00 38 2.75 40 3,00 30 1.50 2,00 20 1,00 0,00 0 2016
Slide 41: Focus on quality in our delivery
MOST SATISFIED CUSTOMERS Focus on quality in our delivery Customer Satisfied index (CSI) 82 81 80 80 80 80 78 78 78 76 75 75 Target: >75 74 73 73 72 70 68 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 41
Slide 42: First choice for jobseekers
BEST WORKPLACE First choice for jobseekers eNPS, recommend Peab 35 29 30 28 28 27 27 26 24 25 22 21 20 20 20 19 18 18 19 19 17 Target: 15 eNPS Over industry 15 10 10 Benchmark benchmark 10 8 8 5 0 2019 2019 2020 2021 2021 2022 2022 2023 2023 2024 2024 Q2 Q4 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 42
Slide 43: Zero vision for workplace accidents
BEST WORKPLACE Zero vision for workplace accidents Serious accidents, rolling 12 months, category 4 60 54 50 48 48 49 48 43 44 40 41 39 42 40 36 34 32 32 33 33 Target: 30 30 30 30 30 Mål: Fallande trend 30 28 25 27 27 26 24 26 26 Contracting trend 18 16 18 20 18 19 18 20 20 20 16 23 21 21 18 19 19 1
Slide 44: Climate targets for our own production
LEADER IN SOCIAL RESPONSIBILITY Climate targets for our own production Carbon dioxide intensity, own production* (Scope 1 + 2) 120 100 80 60 40 Target 2030: -60% 20 Actual 2024: -50% 0 * Direct and indirect emissions as a result of using fuel and energy in our own production 44
Slide 45: Climate target for input goods and purchased services
LEADER IN SOCIAL RESPONSIBILITY Climate target for input goods and purchased services Carbon dioxide intensity, input goods and purchased services (Scope 3) 120 Actual 2024: -12% 100 80 60 Target 2030: -50 % 40 20 0 * Includes concrete/cement, asphalt/bitumen, transportation and machine services, st
Slide 46: Equal opportunity recruitment: share of women recruited
LEADER IN SOCIAL RESPONSIBILITY Equal opportunity recruitment: Share of women recruited always over the education market Production and processing* (SW), % 50% 45.0% 45.3% 40% 34.9% 39.1% 30% 20% 18.8% Target 2024: >30% 10% 0% Actual 2024: 39.1% 2020 2021 2022 2023 2024 *27 years or younger until 20
Slide 47: Strong finish for the year
JAN-DEC 2024 Strong finish for the year • Markets for civil engineering and paving show good demand while the housing markets are still weak • High level of orders received for the year and extended backlog • Improved result and margin • Strong cash flow in the quarter and for the full year 2024 • G
Slide 48: Q&A
Q&A
Slide 49: Next report: First quarter 2025, May 6, 2025
Next report: First quarter 2025 May 6, 2025
Slide 50: Thank you!
Thank you!