Ncc Ab Class A · OMXSTO:NCC_A
Ncc Ab Class A — Q1 2019 Earnings Presentation
12 slides from Ncc Ab Class A's earnings presentation, Apr 29, 2019
Slide 1: Interim report first quarter 2019
Interim report first quarter 2019 Tomas Carlsson CEO Susanne Lithander CFO Fredriksberg, Helsinki 1 2019-04-29 NCC AB Consistent Q1 performance • Orders received on a high level on the back of continued good demand • Stable operating profit • Healthy cash flow • Two new property development projects
Slide 2: Action plan to strengthen NCC; Orders received and order backlog
Action plan to strengthen NCC Examples of action taken during the quarter • Divestment of retail projects Roskildevej and Kolding • Divestment process of division Road Service proceeding according to plan, expected to be completed in 2019 • Turnaround initiatives ongoing in non-performing units 3 20
Slide 3: Net sales and EBIT
Net sales and EBIT Sales increased in all business areas SEK M 400 11,748 11,434 10,894 12,000 300 10,000 200 244 8,000 100 6,000 0 -100 4,000 -200 2,000 -300 0 -364 -352 -400 -2,000 Q1 Q1 Q1 2017 2018 2019 EBIT Net sales 5 2019-04-29 NCC AB Net sales and EBIT – without PD Construction and industry
Slide 4: NCC Infrastructure; NCC Building Sweden
NCC Infrastructure Orders received on good level – prudent profit recognition R12 Jan-Mar Jan-Mar Jan-Mar Apr 18 – Jan-Dec SEK M 2019 2018 2017* Mar 19 2018 Orders received 4,840 8,284 4,996 17,827 21,271 Order backlog 22,460 21,620 17,957 22,460 21,037 Net sales 3,649 3,587 3,365 16,997 16,936 EBIT
Slide 5: NCC Building Nordics; NCC Industry
NCC Building Nordics Improved project margins and higher sales drives increased EBIT R12 Jan-Mar Jan-Mar Jan-Mar Apr 18 – Jan-Dec SEK M 2019 2018 2017 Mar 19 2018 Orders received 4,187 1,915 1,380 13,501 11,229 Order backlog 13,132 10,384 10,205 13,132 11,313 Net sales 2,567 2,299 2,451 11,021 10,75
Slide 6: NCC Industry seasonality; NCC Property Development
Activity seasonally low – in line with previous years Stone material sold, thousands of tons Asphalt sold, thousands of tons 10,000 3,000 9,000 2,500 8,000 7,000 2,000 6,000 5,000 1,500 4,000 1,000 3,000 2,000 500 1,000 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 2017 20
Slide 7: Portfolio focused on Sweden; Healthy letting in the quarter
Portfolio focused on Sweden Two new projects started this quarter Lettable space, sqm 250,000 18 17 No. of projects 200,000 22 21 21 19 18 18 150,000 Sweden 16 100,000 Norway 50,000 Denmark 0 Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 13 2019-04-29 NCC AB Healthy letting in the quarter – 31,0
Slide 8: Letting and completion status; Income statement
Letting and completion status in the property portfolio 100% 90% 80% 70% 60% Letting ratio 50% 40% Completion ratio 30% 20% 10% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2018 2019 15 2019-04-29 NCC AB Income statement Jan-Mar Jan-Mar Apr 18 - Jan-Dec SEK M 2019 2018 Mar 19 2018 Net sales 11,434 10,894 57,8
Slide 9: Other and eliminations; Effects from IFRS16 Leasing
Other and eliminations Jan-Mar Jan-Mar SEK M 2019 2018 Jan-Mar Jan-Mar NCC Infrastructure 3 -11 SEK M 2019 2018 NCC Building Sweden 110 111 NCC HQ etc. -54 -57 NCC Building Nordic 34 11 Internal gains -11 -2 NCC Industry -385 -411 Other Group NCC Property Development -20 16 -29 -20 adjustment Non co
Slide 10: Net debt; Improved cash flow in Q1
Net debt 4,844 SEK M 2019 2018 Other net debt 665 − 889 Lease liabilities 1,875 443 Pension liability 2,304 1,457 Total 4,844 1,011 1,011 Jan-Mar Jan-Mar 2018 2019 19 2019-04-29 NCC AB Improved cash flow in Q1 SEK BN 4 Cash flow before financing R12 Jan-Mar Jan-Mar Apr 18 - Jan-Dec 3 SEK M 2019 2018
Slide 11: Consistent Q1 performance
Consistent Q1 performance • Orders received on a high level on the back of continued good demand • Stable operating profit • Healthy cash flow • Two new property development projects started • Long-term improvement process for NCC on track 21 2019-04-29 NCC AB 22 2019-04-29 NCC AB 11
Slide 12: Contact information and calendar
Contact information and calendar IR Manager Financial Calendar Johan Bergman Tel: +46 (0)70-354 80 35 July 19, 2019 Interim report Jan-Jun johan.bergman@ncc.se October 28, 2019 Interim report Jan-Sep January 30, 2020 Interim report Jan-Dec Chief Financial Officer Susanne Lithander Tel: +46 (0) 73-03