Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q2 2023 Earnings Presentation
19 slides from Green Landscaping Group Ab's earnings presentation, Aug 24, 2023
Slide 1: Q2 Report April – June 2023
Q2 Report April – June 2023 24 August 2023 Page 1
Slide 2: Green Landscaping Group - a home for entrepreneurs
Green Landscaping Group - a home for entrepreneurs Market entry A leading company in the landscaping service Founded 2010 industry 2020 2021 5 The leading consolidator in Europe 2022 13 Business model based on trust and local 2023 29 accountability to promote agility Focus on strong local pr
Slide 3: Summary Q2 2023
Summary Q2 2023 Good progress Net sales increased by 32% to SEK 1,495 (1,134) million Organic growth of 4.4% Acquisitions contributed by +27.2% EBITA increased by 51% and amounted to SEK 138 million (92) EBITA-margin of 9.2% (8.1) in the quarter Seasonally strong quarter Positive mix
Slide 4: Strong growth in the quarter, and over time
Strong growth in the quarter, and over time Strong growth in the quarter Strong long-term growth Net sales Q2 32% Net sales rolling 12 months 50% Organic growth 4.4% Organic growth 10.1% Acquired growth 27.2% Acquired growth 39.5% Page 4
Slide 5: Order backlog stable at SEK 7.9 billion
Order backlog stable at SEK 7.9 billion Growth of 19% compared with Q2 2022 Increase attributable to acquisitions and new contracts. High retention rate. Majority of order book consists of contracts with public sector customers Page 5
Slide 6: Steady increase of EBITA and EBITA-margin
Steady increase of EBITA and EBITA-margin Strong growth in the quarter, +51% Steady growth over time Existing businesses contributed with 0% (rolling twelve months) Acquired companies contributed with 51% EBITA growing consistently Changed exchange rates had a negligible effect EBITA margi
Slide 7: Sweden
Sweden 48% Share of net sales 26% Share of EBITA Net sales SEK 725 (687) million, +6% Organic growth contributed 3% Acquisitions contributed 3% EBITA SEK 39 (43) million, -9% EBITA-margin 5.4% (6.3) Net organic sales was positively impacted by good demand for ground maintenance. One subsid
Slide 8: Norway
Norway 41% Share of net sales 44% Share of EBITA Net sales SEK 608 (391) million, +55% Organic growth contributed 4% Acquisitions contributed 52% Changed exchange rates had a negligible contribution EBITA SEK 66 (51) million, 29% EBITA-margin 10.9% (13.1) Organic growth rate normalized.
Slide 9: Finland and other Europe
Finland and other Europe 11% Share of net sales 30% Share of EBITA Net sales SEK 162 (58) million, +178% Organic growth contributed 2% Acquisitions contributed 168% Changed exchanged rates contributed 8% EBITA SEK 44 (5) million, +780% EBITA-margin 27.4% (8.8) The second quarter is the s
Slide 10: Acquired companies in Q2 2023
Acquired companies in Q2 2023 Schmitt & Scalzo GmbH Founded in 1996 Operates in Rhein/Main area in Hessen Offers a complete range of maintenance, landscaping and infrastructure services for outdoor environments to mainly public customers Annual sales of EUR 13 million 50 employees Page 10
Slide 11: Financials
Financials Page 11
Slide 12: Strong development across the line Key financials Q2 2023
Strong development across the line Key financials Q2 2023 Net sales increased significantly EBITA increased significantly Q2 Q2 Rolling 12 SEK million 2023 2022 months EBITA-margin increased by 1.1 percentage point NET SALES 1,495 1,134 5,546 Good cash flow generation EBITA 138 92 479 Incr
Slide 13: Cash flow
Cash flow Good cash flow from operating activities, amounting to SEK 80 (15) million EBITA contributed significantly, partly offset by increased working capital Cash and cash equivalents at the end of the period amounted to SEK 597 (328) million Page 13
Slide 14: Cash Flow Bridge
Cash Flow Bridge SEK million EBITA 138* -——— a es | | 80 EBT Amortization Net of depreciation, Change in NWC Cash Flow from Acquisitions Capex & Other Debt repayment Cash-Flow for interest and tax Operating Investing Activities & other items the Period Activitites *) Due to rounding, some of the cal
Slide 15: Financial leverage
Financial leverage Financial leverage amounted to 2.4X (2.4X) Level below financial target Good generation of cash flow from operating activities Page 15
Slide 16: Loan maturity profile
Loan maturity profile New loan facility with SEK amounting to SEK 500 million, with possibility to expand* Total maturities amounting to about SEK 2,000 million No maturities until 2025, one year extension optional Only covenant being Net debt / EBITDA pro forma. Current level of 2.4 leaves
Slide 17: Financial targets
Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (% of NI) 10% 8% 2.5x 40% Approximately 40% of profit for the year shall be distributed as dividends to shareholders. The Sales shall, on average, Net debt in relation to EBITDA EBITA margin shall, on average, dividend proposal shal
Slide 18: Summary Q2 2023
Summary Q2 2023 Good progress Net sales increased by 32% to SEK 1,495 (1,134) million Organic growth of 4.4% Acquisitions contributed by +27.2% EBITA increased by 51% and amounted to SEK 138 million (92) EBITA-margin of 9.2% (8.1) in the quarter Seasonally strong quarter Positive mix
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