Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q2 2021 Earnings Presentation
16 slides from Green Landscaping Group Ab's earnings presentation, Aug 27, 2021
Slide 1: Q2 Report January – June 2021
Q2 Report January – June 2021 27 August 2021 Page 1
Slide 2: Strong growth, profit and cash flow
Strong growth, profit and cash flow Key financials Q2 2021 Sales amounted to SEK 794.4 (552.1) million, growth of 43.9%. Organic growth of 2.8% SEK million Q2 Q2 Q2 2021 2020 2021 LTM EBITA amounted to SEK 65.1 million (46.5). An SALES 794.4 552.1 2 670.7 improvement of 40% Cash flow from oper
Slide 3: Financial performance
Financial performance CAGR (42m) CAGR (42m) 26% 82% Sales LTM EBITA LTM SEK 2 671 m SEK 153 m [Q2 2020: 1 926] [Q2 2020: 82] 3 000 160 140 2 500 120 2 000 100 1 500 80 60 1 000 40 500 20 0 0 2018 2019 2020 2021 2018 2019 2020 2021 Sales LTM EBITA LTM Page 3
Slide 4: Strong growth driven by acquisitions
Strong growth driven by acquisitions Sales, growth (SEK million) Organic growth of 2.9% compared to last 900 quarter 800 -0.1% Currency effects -0.1% 700 +41% Acquisition growth 41% 600 +2.9% 500 400 794,4 300 552,1 567,8 200 100 0 Q2-2020 Organic Acquisitions Currency Q2-2021 Page 4
Slide 5: Acquired companies in Q2 2021: Viher-Pirkka Oy
Acquired companies in Q2 2021 Viher-Pirkka Oy Founded in 1988 Operates in southern Finland Specializes in landscaping projects Annual sales of EUR 10 million 50 employees Page 5
Slide 6: Acquired companies in Q2 2021: EF Drift AS
Acquired companies in Q2 2021 EF Drift AS Founded in 2012 Operates around Oslo Provides street and road maintenance Annual sales of NOK 140 million 20 employees Page 6
Slide 7: Acquired companies in Q2 2021: OK Hage AS
Acquired companies in Q2 2021 OK Hage AS Founded in 1997 Operates in the Norwegian Sørlandet Provides landscaping and ground maintenance Annual sales of NOK 15 million 12 employees Acquired through Oveland Utemiljø Page 7
Slide 8: Acquired companies in Q2 2021: Håkans Trädgårdstjänst AB
Acquired companies in Q2 2021 Håkans Trädgårdstjänst AB Founded in 2007 Operates in Sjuhäradsbygden with main operations in Borås Provides landscaping and maintenance services Annual sales of SEK 20 million 20 employees Acquired through Tranemo Trädgårdstjänst AB Page 8
Slide 9: New contract for maintenance services in Norrköping Municipality worth more than SEK 100 million
New contract for maintenance services in Norrköping Municipality worth more than SEK 100 million Region Middle – Thormans Entreprenad Thormans Entreprenad has been awarded a contract for one more operating area in Norrköping Municipality Includes services such as maintenance of green areas, clea
Slide 10: Property services for care and nursing homes in Umeå Municipality
Property services for care and nursing homes in Umeå Municipality Region North - Svensk Markservice Norrland Svenska Markservice Norrland has been awarded the contract of caretaker services for care and nursing homes in Umeå Municipality The framework agreement refers to caretaker services that
Slide 11: Order backlog increased by 50% to SEK 5.3 billion
Order backlog increased by 50% to SEK 5.3 billion 6 000 5 000 The order backlog is substantial 4 000 Growth of 50% compared with Q2 2020 3 000 2 000 Volume increase driven by acquisitions and high retention rate 1 000 - 2017 2018 2019 2020 2021 Page 11
Slide 12: Performance per segment
Performance per segment Sales per segment Strong sales growth in Region Norway Region Middle, 31% with high margin Region Norway, 27% Region Stockholm, 17% Other regions stable with positive outlook Region South, 17% for the year Region North, 9% Further actions taken in Region Stockholm Thr
Slide 13: Financial position
Financial position Cash flow from operations, SEK million 104 101 Strong cash flow of SEK 104 (63) million 63 Leverage of 2.3X (2.9X) 42 37 SEK 213.0 million used for acquisitions during 23 9 quarter 6 New directed share issue has been completed -13 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3
Slide 14: 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 15: Summary Q2
Summary Q2 Strong growth (+44%), profit (+40%) and cash flow (+65%) Sales CAGR of 26%, EBITA CAGR of 82% Five acquisitions, year-to-date Finland, new market Page 15
Slide 16: Page 16
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