Inin Group As · OSL:ININ
Inin Group As — Q3 2023 Earnings Presentation
27 slides from Inin Group As's earnings presentation, Nov 21, 2023
Slide 1: ININ Q3 2023 Company update
ININ Q3 2023 Company update 21 November 2023
Slide 2: Cautionary note
Cautionary note This presentation includes forward-looking information and statements that are subject to risks and uncertainties. Actual results may differ significantly from those communicated herein. Such forward-looking information pertain to, amongst other things; (a) forecasts, projections and
Slide 3: Highlights
QO2 Highlights
Slide 4: Q3 2023 - Highlights
Q3 2023 - Highlights High activity season on-going in Rail Infrastructure. v Fibre optics contractor Thuve’n Anlegg & Active tendering activity and multiple Bane AS projects won in TIC platform. Y Fibre optic contractor Be-Ma AS v NDT company AlfaTest AB v Energy, infra and telecom construction and
Slide 5: Significant organic growth in the portfolio
Significant organic growth in the portfolio * Strong quarter across 18 25 . . * M investment platforms oy) both in terms of a ' 120 revenue growth and profitability a * Continued significant ; .!!clUTFhe we M&A activity driving 15 | C67 related cost ic * Full effect of cost Q2 reduction in Elop a |
Slide 6: Investment platform update
03 Investment platform update ININ Group — Q3 2023
Slide 7: ININ Group has four main investment platforms
Strictly confidential ININ Group has four main investment platforms [36% Nordic Infrastructure Group T100% LAJE T 56%? £3 Inspekt 170%! TW GRUPPEN AS} For a greener tomorr € Rail Infrastructure Rail focused construction, competence and service supply Power Infrastructure Energy infra and telecom con
Slide 8: ININ Group continues to deliver on growth strategy
ININ Group continues to deliver on growth strategy 2022 2023 Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Nordic Reilproducti Infrastructu ‘ailproduction Rail Infrastructure Bane (és ao £ 5 Power Hadeland £ Elektro eq —sInfrastructure ( a 5 fq = Infrastructure ; Inspekt Norway 5 .
Slide 9: Rail Infrastructure — business update
Rail Infrastructure | Rail Infrastructure — business update Headed by cone Highlights @3 2023 Nordic Infrastructure O° . Group perations Main services * High production activity, strong organic growth Rail-focused construction, ¢ Robust order book maintenance, competence and service * Secured framew
Slide 10: Power Infrastructure — services within energy infrastructure, telecom and electrification
| Power | Infrastructure Power Infrastructure — services within energy infrastructure, telecom and electrification * Laje, a Norwegian infrastructure construction and services company, will lead the Power Infrastructure platform * Founded in 2002 and has 255 employees * Serves three main segments: e
Slide 11: Testing, inspection and certification — business update
Testing, Inspection | & Certification Testing, inspection and certification — business update Highlights @3 2023 Headed by Operations c ‘ Inspekt * Frame agreements signed with several important key customers ¢ First assignments started in Inspekt Steel & Concrete Main services * Successful recruitm
Slide 12: Mass handling & recycling
| Mass handling & Recycling Mass handling & recycling — taking a position within mass handling, transportation and recycling SS * Controls entire mass handling and recycling value chain: + Reception points for polluted masses * Facilities for cleaning and recycling polluted masses * Transportation o
Slide 13: Platforms & companies under development
Other Platforms & companies under development elop TECHNOLOGY! Main products & services Tools and software to inspect, monitor and manage large infrastructures. Highlights and progress * Sales and rentals of Elop Insight units to customers in Canada, USA and Sweden * Cooperation with sister company
Slide 14: Market and outlook
04 Market and outlook ININ Group — Q3 2023
Slide 15: Rail: Growth anticipated due to widespread political backing
Rail: Growth anticipated due to widespread political backing for national railway system enhancement NTP" vs. actual spend (NOK Billion) 318 315 32.3 26.7 26.0 2022 2023 2024 HENTP ss Actual/Budget Source: National Transportation Plan ININ 1: Excluding investments into Metro and Tramway (122%) 35 29
Slide 16: Pressure to invest into power infrastructure in Norway is growing
Pressure to invest into power infrastructure in Norway is growing Stable electro market in Norway today... ..Starting to feel the pressure for investments? Eze ep c= - Investments in eS grid network (NOK Billion) Statkraft ber politikerne raske ‘Statkraft etterlyser rack handling og mer kraft hvis N
Slide 17: Ambition to surpass NOK 2 billion revenue in 2024
Previously communicated ambition to surpass NOK 1 billion revenue in 2024 — on track to reach NOK 1.8B Full year pro-forma Revenue (BNOkK) 25 7 i 2.0 4 1.8 15 4 10 4 0.5 4 0.0 - 2022 2023 2024 2025 HB nin Group - current platforms Signed SPA / Term Sheet Note: + Fullyear pro-forma figures ININ + Sig
Slide 18: Q3 summary
Q3 summary 7 Zz Strong revenue growth* 492% vs 022023 Solid EBIT improvement* mnok7 6 vs MNOK -4.1 in Q2 2023 Solid order backlog MNOK 218 per 30 Sept 2023 (excluding unclosed acquisitions and acquisitions closed after end of quarter) Closed acquisitions of Laje in @4 — will deliver step change in r
Slide 19: Q&A
Q&A
Slide 20: Appendix
Appendix
Slide 21: ESG Policy and KPI's
ESG Policy and KPI’s We commit ourselves to creating lasting value for both the company and society by integrating sustainability into all aspects of our operations. Innovation, collaboration, and improvement will drive a conscious effort to minimize our climate impact and strive to leave a positive
Slide 22: Green infrastructure services
Green infrastructure services Rail infrastructure Status: ISO 14001 ESG policy Head of sustainability Opportunities: Green infrastructure Climate adaptation Increasing capacity Nordic Infrastructure Group Power distribution Status: “Miljofyrtarn” certified ESG-policy Head of sustainability Opportuni
Slide 23: General
General General Inin Group AS (the Company, previously Elop AS) was founded in 2013 and is a limited liability company who is incorporated and domiciled in Norway, with its head office in Henrik Ibsens gate 100, 0255 Oslo, Norway. The Company is listed on Euronext Growth Oslo and has the ticker “INI
Slide 24: ININ Group consolidated income statement
ININ Group consolidated income statement Amounts in NOK thousand Q3 2023 Q3 2022 YTD 2023 YTD 2022 Amounts in NOK thousand Q3 2023 Q3 2022 YTD 2023 YTD 2022 Revenue 197 522 504 360 780 1 321 Profit/(loss) for the period 3 058 (7 640) (14 594) (61 649) Total revenue 197 522 504 360 780 1 321 Other co
Slide 25: ININ Group consolidated balance sheet
ININ Group consolidated balance sheet Amounts in NOK thousand 30 Sep. 2023 30 Jun. 2023 30 Sep. 2022 31 Dec. 2022 Amounts in NOK thousand 30 Sep. 30 Jun. 2023 30 Sep. 2022 31 Dec. 2022 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Goodwill 135 197 83 999 78 706 78 976 Share capital 6 549 6
Slide 26: Cashflow statement
Cashflow statement Amounts in NOK thousand Q3 2023 Q3 2022 YTD 2023 YTD 2022 Cashflows from operating activities Profit/(loss) before income tax 7 570 (8 080) (8 887) (30 678) Adjustments for Taxes paid (166) - (2 209) - Depreciation and amortization 9 127 1 454 16 785 5 566 Share-based expenses - -
Slide 27: Top shareholders
Number of # Investor % of top 20 % of total shares 1 GIMLE INVEST AS 14 558 599 17,32 % 11,12 % 2 SOGN INVEST AS 13 017 129 15,49 % 9,94 % 3 MELANDSØ INVEST AS 11 571 081 13,77 % 8,83 % 4 LEOVILLE AS 4 306 842 5,12 % 3,29 % 5 ININ GROUP AS 4 018 602 4,78 % 3,07 % 6 BHM HOLDING AS 3 786 230 4,50 % 2,