Slide 1: Company presentation
Company presentation 1
Slide 2: NYAB in brief
NYAB in brief NYAB founded Employees Q2’24 Specialised contractor of infrastructure, 2013 472 energy, and industrial projects Revenue LTM Q2’24 Free cash flow LTM Q2’24 311 26 End-to-end provider focused MEUR MEUR on three growth markets Nordic focus EBIT LTM Q2’24 EBIT margin LTM Q2’24 Infrastructu
Slide 3: Company history and milestones
Expands to Finland by Business area reverse takeover of Skarta. Construction is Reaches 100 Listing on First North Reaches 400 established employees Helsinki employees 2013 2014 2017 2018 2019 2021 2022 2023 2024 Journey starts Group company Group company Skarta Energy JV is Re-domiciliation to NYAB
Slide 4: Long history of uninterrupted profitable growth
Long history of uninterrupted profitable growth Financial performance, NYAB EURm 311,2 280,4 253,3 88,5 51,6 93,2 11,8% 222,7 10,6% 10,0% 10,2% 10,2% 8,5% 187,2 7,9% 131,7 201,7 7,4% 123,0 96,2 5,6% 5,4% 5,6% 77,8 45,1 29,5 31,1 8,2 0,0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM Q2'2
Slide 5: Focus on infrastructure, energy, and industrial projects
Focus on infrastructure, energy, and industrial projects NYAB sector focus Infrastructure Energy Industry ▪ Roads, bridges, airports and railways ▪ Implementing renewable energy ▪ Various types of industrial facilities ▪ Land, water and underground projects (e.g. wind and solar power) ▪ Heavy-indust
Slide 6: Selected infrastructure, energy and industrial projects
Infra Energy Multiple contracts to implement Constructing a large-scale the European Rail Traffic 102.5 MWp solar farm in Management System (ERTMS) Utajärvi, northern Finland Energy Industrials Constructing a 90 km 400 kV Groundworks for a large-scale transmission line (Aurora Line) battery anode pl
Slide 7: Targeting sectors exposed to global mega trends
Targeting sectors exposed to global mega trends Green transition investments ▪ Significant growth of RES expected coming 10 years RES power production SE/FIN1) ▪ Increased electrification puts stress on the already underinvested electricity Green transition transmission capacity EUR +300bn Planned L
Slide 8: Underlying market growth expected to remain at high levels
Underlying market growth expected to remain at high levels in NYAB’s core markets Swedish construction industry Finnish construction industry Sweden Norrbotten County More than 70% of NYAB’s Finland SEKbn (excl. housing) SEKbn (excl. housing) Swedish operations are EURbn (excl. housing) focused on t
Slide 9: Asset-light operating model focused on design and project management
Asset-light operating model focused on design and project management NYAB white-collars, %1) Overview of the value chain ~70 Project managers Engineers Site managers NYAB variable costs, %2) Main contractor: NYAB ~85 Foundation and Project development Project management Construction excavation Servi
Slide 10: Industry-leading performance compared to peer groups
Industry-leading performance compared to peer groups Superior historical average Focused on high value-add Macro headwinds in 2023 Average EBIT margin, L5Y1) Revenue per FTE comparison 2023, EURk1) EBIT margin, 2023 9,1% 696 8,2% Organisational scale-up set for significantly higher growth 471 6,9% 5
Slide 11: High-performance culture focused on profitability
High-performance culture An attractive and healthy focused on profitability workplace is our first priority Supported by incentivised high- performance company culture >7,5% eNPS LTIF4 61 ~4.0-6.0 54 3-4% +3x ~0.5x 1,9 19 Industry avg. Sector Project Project Cost NYAB Industry Industry EBIT margin f
Slide 12: High-performance business with profitable growth
High-performance business with profitable growth Quarterly revenue development Quarterly EBIT development EURm EURm Q4’22 includes Skarta Energy 90,3 89,8 88,1 87,8 sales gain of EUR 14.7m 19,2 76,1 Q2’23 includes positive impact from Mikkeli 65,3 settlement of EUR 3.3m 55,7 59,2 21,4% 3,9% 5,8% 6,2
Slide 13: Asset-light business model providing high cash generation
Asset-light business model providing high cash generation Free cash flow Cash conversion Leverage EUR million EUR million EUR million 24% 0% 122% 80% 105% 147% 110% 10,0 10,0 Q2’23 includes positive 16,8 7,0 impact from Mikkeli 34,9 6,1 settlement of EUR 9.2m 13,5 9,5 25,5 8,4 21,3 22,3 0,7x 0,5x 15
Slide 14: Strong potential for continued growth
Strong potential for continued growth NYAB EBIT Selective M&A ▪ Selective approach to M&A Organic expansion ▪ Need to see clear path to value creation ▪ New regions in existing markets ▪ New geographies, new capabilities Market growth ▪ New adjacent sub-segments, e.g. or significant synergies underw
Slide 15: Long-term financial targets and past performance
Long-term financial targets and past performance Long-term financial targets LTM Q2’24 Annual revenue growth >10% 9.4% EBIT margin >7.5% 5.6% Net debt / EBITDA <1.5x -0.31x Dividend >35% 62/109%1) (% of net profit) 15 1) Capital repayment paid in April 2024 calculated as a share of net profit for th
Slide 16: Why invest in NYAB?
Why invest in NYAB? Exposure to attractive growth markets with less 1 cyclical characteristics Empowering high-performance culture 2 generating industry-leading margins Superior growth track-record and ability to 3 leverage the business model Project: Tampere region’s new central wastewater treatmen
Slide 17: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference and information purposes. Such information is subject to change without notice, its accuracy is not guaranteed, and it may not contain all material information concerning NYAB Plc (the “Company”)
Slide 18: Thank you!
Thank you! ir@nyabgroup.com nyabgroup.com