Nyab Ab · OMXSTO:NYAB
Nyab Ab — Investor Presentation (November 2024)
17 slides from Nyab Ab's investor presentation, November 2024
Slide 1: Company presentation
Company presentation 1
Slide 2: NYAB in brief
NYAB in brief NYAB founded Employees Q3’24 Specialised contractor of infrastructure, 2013 487 energy, and industrial projects Revenue LTM Q3’24 Free cash flow LTM Q3’24 317 21 End-to-end provider focused MEUR MEUR on three growth markets Nordics EBIT LTM Q3’24 EBIT margin LTM Q3’24 Infrastructure 19
Slide 3: Journey starts - Main focus on land development
2013 2014 2017 2019 2022 2023 2024 Journey starts - Business area Group company Group company Expands to Finland - Energy sector Back in Sweden - Main focus on land Construction is NYAB Infrastruktur NYAB Mälardalen Listing at First North expansion Listing change to First development established is
Slide 4: Long history of uninterrupted profitable growth
Long history of uninterrupted profitable growth Financial performance, NYAB EURm 316,7 280,4 253,3 86,5 51,6 93,2 11,8% 230,2 10,6% 10,0% 10,2% 10,2% 8,5% 187,2 7,9% 131,7 201,7 7,4% 123,0 96,2 6,2% 5,6% 5,4% 77,8 45,1 29,5 31,1 8,2 0,0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM Q3'2
Slide 5: 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 6: Underlying growth expectations in NYAB's core markets
Underlying growth expectations in NYAB’s core markets Swedish construction industry Finnish construction industry Sweden Norrbotten County Finland SEKbn (excl. housing) SEKbn (excl. housing) EURbn (excl. housing) 406,9 423,6 404,4 372,6 17,5 16,8 16,7 19,7 16,3 18,8 15,9 13,9 +9% +3% +4% +14% +19% +
Slide 7: Focus on infrastructure, energy and industry projects
Focus on infrastructure, energy and industry projects NYAB sector focus Infrastructure Energy Industry ▪ Roads, bridges, airports and railways ▪ Power network and substation ▪ Various types of industrial facilities ▪ Land, water and underground construction ▪ Heavy-industry, such as the mining, cons
Slide 8: Infrastructure
Infrastructure Selection of recent projects Huddinge Municipality | 2024-2028: Expansion of instructure in Vidja Luleå Municipality | 2021-2026: Framework agreement extension for infrastructure works Trafikverket | 2024-2025: Widening a stretch of road 261, Ekerövägen Trafikverket | 2024-2026: Exten
Slide 9: Energy
Energy Selection of recent projects Svenska kraftnät | 2022-2026: 90 km of the 400 kV transmission line between Sweden and Finland Vattenfall | 2024-2025: Construction of new overhead lines to Boden Industrial Park Skarta Energy | 2023-2026: Constructing a large- Vattenfall | 2025-2027: Multi-year f
Slide 10: Industrial
Industrial Selection of recent projects Duroc Rail | 2024-2025: Construction of a industrial building at Luleå Iddustrial Park LKAB | 2022-2024: Relocation and renovation of heritage houses in urban relocation project Talga | 2023: Groundworks for a large-scale battery anode plant in Luleå Industria
Slide 11: Asset-light business model focused on design and project management
Asset-light business model focused on design and project management NYAB white-collars, %1) Overview of the value chain >70 Project managers Engineers Site managers Revenue per FTE2) 711 684 Main contractor: NYAB Foundation and Project development Project management Construction FY'23 Q3'24 excavati
Slide 12: Performance compared to peer groups
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% 684 696 8,2% 471 6,9% 5,7% 5,4% 5,4% 336 5,1% 5,0% 3,1% 3,1% 185 115 2) 2) Broad legacy Installa
Slide 13: Q3'24: Doubled order backlog and strong profit improvement
Q3’24: Doubled order backlog and strong profit improvement Quarterly revenue development Quarterly EBIT development EURm EURm 19,2 93,6 90,3 89,8 88,1 87,8 21,4% 76,1 6,2% 7,5% 7,5% 9,5% 5,8% 5,0% 0,7% 65,3 -5,2% 59,2 8,9 6,6 6,6 5,2 39,2 4,0 3,8 0,4 - 2,1 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q
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 ▪ Increase the geographical footprint ▪ New geographies, new capabilities Market growth ▪ Segment expansion and addition or significant synergies of
Slide 15: Long-term financial targets and past performance
Long-term financial targets and past performance Long-term financial targets LTM Q3’2024 Annual revenue >10% 12.2% growth EBIT margin >7.5% 6.2% Net debt / EBITDA <1.5x 0.06x Dividend >35% 62/109%1) (% of net profit) 1) Capital repayment paid in April 2024 calculated as a share of net profit for fin
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: Aurora Line – 400 kV transmission line Started:
Slide 17: Thank you!
Thank you! Investor Relations NYAB AB ir@nyabgroup.com nyabgroup.com 17