Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q4 2022 Earnings Presentation
21 slides from Nordisk Bergteknik Ab Class B's earnings presentation, February 2023
Slide 1: Nordisk Bergteknik Q4
FEBRUARY 2023 Nordisk Bergteknik Q4
Slide 2: Table of contents
Table of contents Nordisk Bergteknik in Q4 2022 Financial targets and strategy to get there This is Nordisk Bergteknik Predicted continued growth Diversified project portfolio to lower risks Four main financial targets Operational synergies lead to attractive offering and high entry barriers Interim
Slide 3: This is Nordisk Bergteknik
This is Nordisk Bergteknik Was there a better way of building modern, sustainable SECTORS societies? We believed so. We also considered that a more Infrastructure, energy, real estate, mining consolidated market for rock and foundation solutions was part of the answer. So, in 2016, Nordisk Bergtekni
Slide 4: Leading the market in rock and foundation solutions
Leading the market in rock and foundation solutions 244m 1 147 FOUNDED IN 2016 SEK ADJ. EBIT 2022 # OF EMPLOYEES SEK 3,402m 7.2% 24 SALES 2022 ADJ. EBIT MARGIN 2022 OPERATING SUBSIDIARIES Figures refer to 2022 Q4
Slide 5: Attractive business mix
Attractive business mix REVENUE BY SEGMENT, 2022 EBIT PER SEGMENT, 2022 29% 45% 42% 36% Rock Foundation Rock Rock Norway Sweden Sweden Sweden 29% 19% Foundation Rock Sweden Norway
Slide 6: Diversified project portfolio lower the risk level
Diversified project portfolio lower the risk level High revenue diversification and few projects with fixed price The largest project accounts Exposure to construction Projects yearly for less then of new housing ~1 500 10% of the total project value ~10%
Slide 7: Operational synergies lead to attractive offering and barriers to entry
Operational synergies lead to attractive offering and barriers to entry Synergies Barriers to entry • Knowledge sharing • Economies of scale • Flexible resource and machine • Strong market position and allocation track record • Centralised sourcing of raw • Highly experienced employees materials and
Slide 8: Interim Report Q4
Interim Report Q4 Continued profitable growth and strong cashflow
Slide 9: Financial performance (1/2)
Financial performance (1/2) 7.2% 3,402 7.0% October – December • Net sales grew by 66% to SEK 973m (587) 8.1% 1,918 7.7% • Organic growth corresponded to 20% 973 • Adjusted EBIT margin increased from 7.7% to 8.1% 587 Impact from acquisitions Q4 2021 Q4 2022 Full year 2021 Full year 2022 • Consolidat
Slide 10: Financial performance (2/2)
Financial performance (2/2) Financials • Adjusted cash flow from operating activities amounted to SEK 197m (65) during Q4 and SEK 274m (160) for the full year 2022 274 • Net debt/adjusted EBITDA amounted to 2.6x 197 (1.5x) and decreased significantly from last 160 quarter (3.1x ) • Cash and cash equ
Slide 11: Performance per segment (1/2)
Performance per NET SALES, Q4 2022 EBIT, Q4 2022 segment (1/2) 30% 43% Rock Sweden 43% 39% Rock Norway • All segments have experienced growth during the fourth quarter Foundation • Rock Sweden’s net sales increased with 73%, of Sweden which organic growth amounted to 32%. Profitability for Q4 has be
Slide 12: Performance per segment (2/2)
Performance per NET SALES, Q4 2022 EBIT, Q4 2022 segment (2/2) 30% 43% Rock Sweden 43% 39% Rock Norway • Rock Norway increased external sales with 21% in the quarter, of which organic growth was 9%. Foundation The weaker EBIT margin during the quarter is Sweden mainly explained by a project mix with
Slide 13: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT SEKm 3,402 SEKm 493 SEKm 244 1,918 281 134 102 145 1,008 66 43 55 7.2% 23 7.0% 710 6.0% 5.4% 510 13.0% 14.3% 14.4% 14.6% 14.5% 4.6% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 20
Slide 14: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) Q4 CATEGORIES, NET DEBT (SEKm) • Net debt amounts to SEK 1,274m • Debt ratio (Net debt/EBITDA) amounts to 2.6x (1.5x) and has decreased from 3.1x per Q3 2022 3,1 • If EBITDA from acquisitions is included full year 2022 debt ratio 145 amounts to 2.5x
Slide 15: Successful acquisitions
Successful acquisitions Acquisitions completed during Q4 2022 Signed LOI during Q4 2022 Berg & Betongförstärkning Jarl-Eric Power Mining Oy Majqvist AB SEGMENT: Rock Sweden ANNUAL SALES: SEK 160m CONSOLIDATION DATE: 31.10.2022 BENEFIT: Establish a presence in Finland which is a SEGMENT: Foundation S
Slide 16: Performance in the Q4 business climate
Performance in the Q4 business climate • Continued strong organic growth for the Group – high demand from a broad customer base. • Due to our flexible organization, we have managed to handle the increased costs and our implemented Current trading price adjustments have gradually compensated for the
Slide 17: Strategy and financial targets
Strategy and financial targets
Slide 18: Predicted continued growth (1/2)
Predicted continued growth (1/2) 3 GEOGRAPHICAL EXPANSION Future • Add additional steps in value chain to offering • Both backward and forward integration is possible 1 4 EXECUTE ON EXPLOIT EXISTING M&A CURRENT PIPELINE CAPABILITIES • Continued M&A journey • Unique collaborations through disciplined
Slide 19: Predicted continued growth (2/2)
Predicted continued growth (2/2) Future Successful operations in a niche market • Limited competition in a niche market with high barriers to entry since operations requires a high level of expertise, specialized 4 EXECUTE ON EXISTING M&A PIPELINE equipment and machine capacity • Additional upside w
Slide 20: Four main financial targets
Four main financial targets 40% Dividend 15% policy Growth 7% Profitability <2,5x Capital structure Achieve annual net sales growth of The Group targets an adjusted The net debt in relation to adjusted Nordisk Bergteknik aims to distribute 40 more than 15 percent over a business EBIT-margin of 7 per
Slide 21: Nordisk Bergteknik
NORDISK BERGTEKNIK