Slide 1: Interim Report Fourth Quarter
Interim Report Fourth Quarter October – December 2024 Bengt Lejdström Susanna Zethelius Creating sustainable, efficient and safe societies President & CEO CFO
Slide 2: Summary of 2024
Summary of 2024 Highlights ▪ Net sales increased by 13%, of which 3% was organic excl. 5,166 MSEK Net Sales currency (LTM Q4 2024) ▪ Adjusted EBITA increased by 10%, of which -2% was organic excl. currency 1,010 MSEK Adj. EBITA ▪ Adjusted EBITA margin of 19.6% (LTM Q4 2024) ▪ Strong cash flow with a
Slide 3: Summary of the fourth quarter
Summary of the fourth quarter Highlights Continued solid demand ▪ Net sales increased with 3% ▪ -6% organic, +2% currency effects and +7% acquired growth ▪ Tough comps (20% organic growth last year) ▪ Adjusted EBITA increased with 2% ▪ -8% organic, +2% currency effects and +8% acquired growth ▪ Weak
Slide 4: Net sales & Adj. EBITA margin
Net sales & Adj. EBITA margin MSEK Net Sales Adj. EBITA margin Organic growth Quarter 5,500 3% 28% 5,132 5,166 5,050 26% 18% ▪ Net sales increased by 3% and -6% organic 5,000 4,843 4,581 24% ▪ Adj. EBITA margin 19.5% 4,500 0% 22% 20.1% 20.0% 19.9% 4,000 19.6% 19.6% 18.7% 19.1% 20% 2024 3,500 16.6% 3
Slide 5: Sales split
Sales split Turnover by type of Geographical distribution of revenue sales Distribution Other, rest of the world 0% 7% Sweden Service 18% 23% Other, Europe 16% Italy 5% 61% 5% 16% Norway 4% Germany 4% 42% Installation USA United Kingdom Proprietary products 5 Sources: Sdiptech Financial reports, LTM
Slide 6: Adj. EBITA
Adj. EBITA MSEK Organic growth Adj. EBITA 1,200 Quarter -2% 1,007 1,010 ▪ Adj. EBITA increased with 2%, 13% 1,006 968 -8% organic growth, excl currency 920 900 -10% 671 2024 8% 600 ▪ Adj. EBITA increased by 10%, whereof 509 -2% organic, excl currency 11% 9% 347 300 262 Long term ▪ CAGR 34% (2017-202
Slide 7: Resource Efficiency
Resource Efficiency Quarter Water & Sanitation Net sales (SEKm) Adj. EBITA (SEKm) Adj. EBITA margin (%) Sales flat at SEK 459m (460) Power & Energy Adj. EBITA decreased by -16% to SEK 88m 1 800 24,3% (104) 1 650 21,9% 20,8% 22,2% Bio economy & Adj. EBITA margin at 19.1% (22.6) 21,7% Waste management
Slide 8: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter Water & Sanitation Net sales (SEKm) Adj. EBITA (SEKm) Adj. EBITA margin (%) Sales increased by 4% to SEK 877m (842) 3 366 Power & Energy Adj. EBITA increased by 15% to SEK 193m 21,2% 20,5% (168) 20,2% 18,6% 2 931 17,5% Bio economy & Adj. EBITA margin at 22.0%
Slide 9: Cash flow & Cash conversion
Cash flow & Cash conversion MSEK 900 130% 115.0% 823 120% Quarter 109.0% 110% 750 ▪ Cash flow from operations amounted to MSEK 100% 302, corresponding to 109% cash conversion 628 565 90% 600 83.0% ▪ Improvements in working capital efficiency, 80.0% 71.0% 80% including lower inventory levels 68.0% 70
Slide 10: Additional metrics
Additional metrics Oct-Dec Oct-Dec Jan-Dec Jan-Dec 2024 2023 2024 2023 Profit after tax, (SEK million) 108 96 436 450 Earnings per ordinary share after dilution 2.73 2.43 11.00 11.44 (SEK) Financial net debt/Adjusted EBITDA, 2.25 2.03 2.25 2.03 multiple 3.30 3.09 3.30 3.09 Net debt/Adjusted EBITDA,
Slide 11: Additional metrics
Additional metrics Oct-Dec Oct-Dec Jan-Dec Jan-Dec 2024 2023 2024 2023 Profit after tax, (SEK million) 108 96 436 450 Earnings per ordinary share after dilution 2.73 2.43 11.00 11.44 (SEK) Financial net debt/Adjusted EBITDA, 2.25 2.03 2.25 2.03 multiple 3.30 3.09 3.30 3.09 Net debt/Adjusted EBITDA,
Slide 12: Acquisitions
Acquisitions 170 161 Acquisition ambitions 160 158 ▪ 2023: Slower pace due to higher cost of capital, and 150 150m to decrease debt levels 140 ▪ 2024: 100-120 MSEK acquired EBITA on rolling 12 130 months 120m ▪ 2025->: 120-150 MSEK acquired EBITA on rolling 12 120 109 months 110 EBITA MSEK 100 94 90
Slide 13: Three quality acquisitions in Q4
Three quality acquisitions in Q4 Eagle Automation Systems Ltd in UK ▪ Approx. GBP 2 million in annual EBIT ▪ Security- and hostile vehicle mitigation (HVM) products ▪ SDG 16.A prevent violence and combat terrorism and crime ▪ Special Infrastructure Solutions Oct-24 3.9 By 2030, substantially Dado La
Slide 14: Acquisition in Q1: Welcome Phase 3 Connectors Ltd
Acquisition in Q1: Welcome Phase 3 Connectors Ltd ▪ Approx. GBP 3 million in annual EBIT ▪ Designs, manufactures, and supplies high-quality single-pole power connectors for industrial and event sectors, meeting the highest standards of safety and performance ▪ Supports SDG 9.4 by delivering advanced
Slide 15: From two to four business areas
From two to four business areas EVP & Head of: Anders Mattson Head of: Amanda Berninger Head of: Sara Ström Head of: Johan Lahiri Supply chain & Transportation Energy & Electrification Water & Bioeconomy Safety & Security Quick facts 2024 Quick facts 2024 Quick facts 2024 Quick facts 2024 ▪ Business
Slide 16: Looking ahead
Looking ahead Highlights Conditions for continued growth: ▪ Solid acquisition pipeline and financial position ▪ Entrepreneurs recognize the value of Sdiptech’s governance model, strategic support, and market expertise ▪ Despite geopolitical and economic uncertainties, strategic positions supports co
Slide 17: Consistency & diligence = a high-quality group of companies
Consistency & diligence = a high-quality group of companies 17
Slide 18: Appendix
Appendix > svPTECH
Slide 19: Current Management Team and Board of Directors
Current Management Team and Board of Directors Management Bengt Lejdström 85,740 (Class B) 500 (Pref) 50,000 (Warrants) My Lundberg 8,866 (Class B) 13,000 (Warrants) CEO Lagercrantz Group, Interim Justitia, Acando Head of Sustainability & IR Agency, Smartclip, Kärnhuset since Dec 2023 M.Sc. Stockhol
Slide 20: Ownership 31 December 2024
Ownership 31 December 2024 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 3,990,132 10,04% 8,22% Handelsbanken Fonder 3,277,517 8,25% 6,75% Swedbank Robur Fonder 3,205,847 8,07% 6,60% Cliens Fonder 2,089,035 5,26% 4,30% Ashkan Pouya 1,424,000 592,967 5,08% 30,54% SEB Investmen
Slide 21: Adjusted EBITA → Net profit
Adjusted EBITA → Net profit MSEK 2024 2023 2024 2023 Continued operations Q4 Q4 Full year Full Year Net Sales 1,336 1,302 5,166 4,582 Operational costs -1,076 -1,047 -4,156 -3,663 Profit from operations, adjusted EBITA 260 255 1,010 919 Acquisition costs -8 -6 -17 -13 Direct costs related to acquisi