Slide 1: Q2 2024 earnings presentation, July 16
02 2024 July 16 Asa Bergman, President & CEO Olof Stalnacke, CFO
Slide 2: Sweco - Europe's leading architecture and engineering consultancy
. ; ; . sweco 26 Sweco - Europe’s leading architecture and engineering consultancy Operations in three segments Drivers for success Eight geographical business areas Net sales by segment in 2023, % Net sales by business area in 2023, % Ron : n: 29 m Buildings & Urban areas: 37 “WY 22,000 experts . a
Slide 3: Quarter highlights
Quarter highlights Net sales increased to SEK 8,077 million (7,249) * Organic growth 6 per cent (9), adj. for calendar effect * Total growth 11 per cent (19) EBITA increased to SEK 794 million (564) * Increased 12 per cent or 68 MSEK, adj. for calendar effected ° Quarter impacted by restructuring co
Slide 4: Operational highlights
Operational highlights Positive operational trend Solid organic growth Continued FTE growth Increased average fees and higher billing ratio Margin improvements in seven out of eight business areas Business Areas reported increased EBITA 6/8 Business Areas teported organic growth
Slide 5: Efficiency measures and progress
Efficiency measures and progress Measures taken to improve efficiency and billing ratio Restructuring in Sweden and Finland Repositioning in the UK, including redundancies Organisational review to further streamline operations Progress First signs of improvements with strengthened profitability Bill
Slide 6: Market overview
Market overview The overall demand for Sweco’s services remained good, particularly related to the green transition. Segments Water, Energy and Industry — Continued strong demand related to the transition in the energy and industry segments. Strong demand in water. Weaker demand in traditional indus
Slide 7: Summary result
Summary result Q2 2024 Net sales SEK 8,077 million (7,249) Organic growth 6 per cent, adj. for calendar effect Acquired growth 3 per cent Currency effects 0 per cent EBITA SEK 794 million (564) Increased 12 per cent or 68 MSEK, adj. for calendar Quarter impacted by restructuring costs of SEK 58 mill
Slide 8: Q2: Net sales - organic growth in business areas
SWECO % Q2: Net sales — organic growth in 6 out of 8 business areas SEK 8,077 million (7,249) 11% total growth (19%) 6% organic growth (9%), adj for calendar Net sales affected by * Higher average fees, FTE growth and ahigher billing ratio had a positive impact Organic growth adjusted for calendar,
Slide 9: Q2: EBITA increased adjusted for calendar
SWECO % Q2: EBITA increased SEK 68 million adjusted for calendar SEK 794 million (564) 12% increase y-o-y, adjusted for calendar 9.8% group margin (7.8) - impacted by significant calendar effect EBITA in Q2 2024 by business area, MSEK Group DE& EBITA margin, % 9.8 (7.8) 10.8 (10.2) 11.5 (4.8) 9.4 (7
Slide 10: Q2: business areas increased EBITA adjusted for calendar
SWECO % Q2: 6 of 8 business areas increased EBITA adjusted for calendar EBITA affected by Higher average fees Increased billing ratio FTE growth Higher personnel expenses Restructuring costs of SEK 58 million 13 more working hours * Corresponding to a positive year-on- year impact of SEK 162 million
Slide 11: Q2: Net debt position still strong
SWECO ra} Q2: Net debt position still strong Net Debt decreased to SEK 3,451 million (4,097) mainly due to improved working capital levels and decreased acquisition outflows * Cash flow from operating activities of SEK 1,371 million (512) * M&A cash outflows of SEK 88 million (1,320) * Dividends of
Slide 12: Calendar effects
Calendar effects The number of normal working hours in 2024, based on the 12-month sales-weighted business mix, is broken down as follows: 2024 2023 Diff. on au ~ > i sn ik 5 sn 5 ua moon re . on au _ 5 sn G : sn 7 D sn re . on au - > 5 sn a ; sn 5 30 sn 5 . on au 7 aa . lal smn 196 Z sn ; 5 eo svn
Slide 13: Two new acquisitions
Two new acquisitions Frilling + Rolfs GmbH * German engineering consultancy specialised in water management and wastewater treatment * Net Sales 60 MSEK — adding 30 experts * Enables Sweco to capture more business opportunities in a growing segment Valstar Simonis BV * Dutch engineering and consulta
Slide 14: Projects
Projects Projects won in the quarter reflect the diversity of our business across several growth segments. Delfzijl Green Hydrogen Plant Sweco and energy company VoltH2 are collaborating on a 60 MW green hydrogen plant in Delfzijl, Netherlands. The plant is expected produce 5,000 tonnes of carbon- n
Slide 15: Growth segments, M&A and efficiency priorities
growth segments i = =a Execute on M&A strategy TES a Continue efficiency improvements eh,
Slide 16: Thank you, next report Q3 2024
rol > Next report THANK YO Oct 30 tI Q3-2024 Financial report
Slide 17: Transforming society together
e SWECO ra) Transforming society together