Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q2 2023 Earnings Presentation
20 slides from Sweco Ab Class A's earnings presentation, Jul 18, 2023
Slide 1: Q2 2023
i Q2 2023 July 18 os tele Ce 7 a | a Asa Bergman, President & CEO . a h aoe woe Olof Stalnacke, CFO Pa Cae af
Slide 2: This is Sweco
SWECO ra} This is Sweco
Slide 3: 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 2022, % Net sales by business area in 2022, % Co . n: 32 ™ Buildings & urban areas: 37 AY 21,000 experts Swede
Slide 4: Quarterly overview
SWECO ra} Quarterly overview
Slide 5: Quarter highlights
Quarter highlights Net sales increased to SEK 7,249 million (6,116) * Organic growth 9 per cent (5), adjusted for calendar effect * Total growth 19 per cent EBITA increased to SEK 564 million (486) * Increasing 29% year-on-year, adjusted for calendar * Operating margin 7.8 per cent (7.9) Improvement
Slide 6: Operations highlights
Operations highlights Solid demand and good momentum in recruitment Business areas * Seven out of eight business areas reported organic growth and increasing EBITA levels Acquisitions and projects * 4acquisitions, welcoming around 200 new experts Continued strengthened orderbook f BusineSs Areas inc
Slide 7: Market overview
Market overview Mixed picture in market conditions Green transition continues to be a strong driver Segments ° Water, Energy and Industry — market for investments good, driven by the ongoing energy transition ° Transport infrastructure — continued good demand aligned with the green transition of tra
Slide 8: Performance
SWECO ra} Performance
Slide 9: Summary result
Summary result Q2 2023 Net sales SEK 7,249 million (6,116) * Organic growth 9 per cent, adj. for calendar effect * Acquired growth 7 per cent ° Currency effects 4 per cent EBITA SEK 564 million (486) * Operating margin of 7.8 per cent (7.9) Net Debt/EBITDA 1.5x (0.9x) SWECO %
Slide 10: VK Architects+Engineers
VK Architects+Engineers Architectural, technical and infrastructure design solutions, adding 600 new experts to Sweco The acquisition was consolidated into Sweco Belgium and Netherlands as of 31 March Contribution in Q2 2023: ° Net sales SEK 230 million ° EBITA SEK 32 million ° EBITA Margin 14%
Slide 11: Q2: Net Sales - positive growth in 7 out of 8 Business Areas
Q2: Net Sales — positive growth in 7 out of 8 Business Areas Organic growth adjusted for calendar, % SEK 7,249 million (6,116) 19% total growth (8%) Group 9% organic growth, adj for calendar (5%) SE 7 out of 8 Business Areas No + delivered organic growth Fl eye OK Net Sales positively affected * by
Slide 12: Q2: EBITA increased, adjusted for calendar
SWECO * Q2: EBITA increased SEK 140 million adjusted for calendar sips EBITA in Q2 2023 by business area, MSEK EBITA in, % SEK 564 million (486) ” margin, % 29% increase y-o-y, adjusted for calendar Coy 7.8 (7.9) 9, 7] 0, 7.8% group margin (7.9%) _ _—— 102 (019) 7 out of 8 Business Areas i 4.8(48) *
Slide 13: Q2: 7 of 8 Business Areas increased EBITA adjusted for calendar
SWECO * Q2: 7 of 8 Business Areas increased EBITA adjusted for calendar spss Q2 2023 EBITA contributors Positive impact * from higher average fees, a higher 700 number of employees and acquisitions Negative impact 650 66 9 + from higher personnel and other as operating expenses 600 6 less working ho
Slide 14: Q2: Net Debt increase driven by acquisitions
SWECO ra} Q2: Net Debt increase driven by acquisitions SEK 4,097 million Net Debt (2,014) * Cash flow from operating activities of SEK 512 million (739) * M&A cash outflows of SEK 1,320 million (375) * Seasonal and growth-driven TWC build-up 1.5x Net Debt/EBITDA (0.9x) SEK 3,235 million available li
Slide 15: Business highlights
SWECO ra} Business highlights
Slide 16: New acquisitions in Q2
4 new acquisitions in Q2 Four acquisitions in Q2 and one in July Mixture of companies in building control, architecture and engineering * Combined Net Sales - SEK 260 million ° Adding around 220 new experts Strengthening Sweco’s position in Sweden, Finland, UK and Belgium Acquisitions in line with S
Slide 17: Projects
Projects Solid demand for Sweco’s services mainly driven by the green transition Demand for sustainability related services is growing in all Business Areas and in all segments Acquisitions prove themselves vital, in Sweco’s expansion as well as strengthening our position and reaching new clients in
Slide 18: Focus going forward
Slide 19: Thank you
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Slide 20: Transforming society together
e SWECO ra) Transforming society together