Dovre Group Plc · OMXHEX:DOV1V
Dovre — Shareholder Meeting (April 2024)
15 slides from Dovre's shareholder meeting presentation, Apr 4, 2024
Slide 1: Annual General Meeting Dovre Group plc
Annual General Meeting Dovre Group plc April 4th, 2024
Slide 2: Presentation of the annual accounts 2024, report of the Board and auditor's report
6. Presentation of the annual accounts 2024, the report of the Board of Directors and the auditor’s report - Review by the CEO of Dovre Group Plc presented by CEO Arve Jensen - Review by the CEO of the Company’s subsidiary Suvic Oy by Ville Vesanen
Slide 3: 2024 Highlights: Strong development in all three business areas
2024 Highlights: Strong development in all three business areas • Dovre co-founded Renetec, a renewable energy development company focusing on solar power • Suvic expanding into solar park construction by winning the large Lakari project • Suvic expanding into Sweden, to build Storhöjden and Vitberg
Slide 4: Strategic targets, progress in 2023
Strategic targets , progress in 2023 Progress with our key strategic targets: Growth & Diversification. Expansion into Solar in Finland, wind in Sweden We are contributing to the energy transition. An estimated minimum 36,2 % of our sales are EU taxonomy aligned. In addition an estimated 15-20 perce
Slide 5: Key figures
KEY FIGURES NET SALES Project Porsonnol Ml Consulting ll Renevable energy MEUR * Data for Renewable Energy for April-December 2021. OPERATING RESULT MEUR 9% OF NET SALES 5 4 : ol : NET SALES BY SEGMENT 2023 AVERAGE PERSONNEL OF THE YEAR 1 Project Personne! Consulting I Reneveble energy ROI AND ROE,
Slide 6: Key performance indicators
Key performance indicators EUR million FY 2023 FY 2022 Change Cash and cash equivalents 7,9 11,2 -29,6 % Interest bearing liabilities 9,1 8,2 10,9 % Net debt 1,2 -3,0 37,1 34,4 7,7 % Equity attributable to the shareholders of the parent Balance sheet total 88,0 82,5 6,7 % Debt-equity ration (gearing
Slide 7: Quarterly net sales (2021-2023)
Quarterly net sales (2021-2023)
Slide 8: Quarterly operating profit (2021-2023)
Quarterly operating profit (2021-2023)
Slide 9: Net sales and operating profit by Business area
Net sales and operating profit by Business area January – December, MEUR Comments Net sales Operating Profit Net sales: (Million EUR) (Million EUR) • Project Personnel accounted for 55 (45) %, Consulting for 9 (9) % and Renewable Energy for 36 (46) % of the Group’s net sales. • Project Personnel: ne
Slide 10: Events after yearend
Events after yearend Jan. 31 Suvic AB, a subsidiary of Suvic Oy, has received a Notice to Proceed for the Storhöjden wind farm March. 20 Tricon and Suvic to build a heat pump plant for Fortum in Espoo's Hepokorvi data centre area
Slide 11: Outlook
Outlook • Outlook for 2024 (issued on February 22, 2024): Dovre Group will release its outlook at the latest along with the trading statement for Q1 on April 25th, 2024. This is due to Suvic’s sales cycle, which is not complete for 2024 as of today. The Project Personnel segment anticipates a potent
Slide 12: Adoption of the remuneration report for the Company's governing bodies
10. Adoption of the remuneration report for the Company’s governing bodies
Slide 13: Dovre Group Plc Remuneration Report 2023
Dovre Group Plc Remuneration Report 2023 Introduction This Remuneration Report sets out how Dovre Group Plc’s (“Company”) has implemented its Remuneration Policy in 2023. This report includes information concerning remuneration of the Board of Directors and the CEO of Dovre Group Plc between 1 Janua
Slide 14: Total remuneration for the CEO
Total remuneration for the CEO is the following: EUR Thousands 2023 2022 2021 2020 2019 ‘Salaries and benefits 288 373 258 239 267 ‘Share-based payments *) o o o al 58 Total 288 373 258 280 325) *) Arve Jensen earned 494 120 Dovre Group Plc shares from the LT 2018-2020 program, which were awarded to
Slide 15: CEO service terms and conditions
The service terms and conditions of the current CEO, Arve Jensen, comprise of an annual salary (including holiday pay, and car and phone benefits) of NOK 2,361,000 (approx. EUR 207 thousand) and a performance-based bonus decided by the Board. The CEO will have same pension and personnel insurance as