Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q4 2020 Earnings Presentation
19 slides from Green Landscaping Group Ab's earnings presentation, Feb 17, 2021
Slide 1: Year-end report 2020
Green Landscaping Group Year-end report 2020 17 February 2021 Page 1
Slide 2: This is Green
This is Green The largest Nordic landscaping provider 27 subsidiaries Decentralized structure Diversified contract portfolio with long contracts The leading consolidator of the Nordic landscaping market 24 3 Page 2 2
Slide 3: Key financials – LTM
Key financials – LTM Net sales, million SEK Order backlog, million SEK 2 134 4 434 EBITA, million SEK EBITA margin, % 101 4.7 Number of employees Acquired annual sales, million SEK 1 357 650 Page 3
Slide 4: Q4 2020 Highlights
Q4 2020 Highlights Net sales growth by 29.4% Key Financials Q4 2020 Organic growth was -0.5 percent Organic growth between comparable units Net sales, million SEK 656.1 amounted to 1.0 percent, adjusted for the discontinued operations of Svensk Markservice EBITA amounted to SEK 33.3 (15.1) m
Slide 5: Positive development of revenue and margin
Positive development of revenue and margin Revenue and EBITA, LTM 2017Q4-2020Q4 2 500 8,0% 7,0% 2 000 6,0% 5,0% 1 500 4,0% 1 000 3,0% 2,0% Sales and 500 profitablity down Q1 2020 due to mild winter 1,0% 0 0,0% Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Oms EBITA Ma
Slide 6: Order backlog of 4,4 SEK billion
Order backlog of 4,4 SEK billion Growth of 24% compared with 5 000 Q4 2019 4 500 Volume increase compared to 4 000 previous year primarily driven by acquisitions 3 500 3 000 2 500 2 000 1 500 1 000 500 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2017 2018 2019 2020 Page 6
Slide 7: Contracts won on the basis of quality; Green Östergötland and Thormans awarded 2 out of 3 areas
Contracts won on the basis of quality; Green Östergötland and Thormans awarded 2 out of 3 areas Green Östergötland and Thormans Entreprenad Ground maintenance and winter work in connection to Lejonfastigheter houses in Linköping municipality Tender process with great emphasis placed on added val
Slide 8: Example of recent project; a larger construction work
Example of recent project; a larger construction work JE Mark AB Stone laying of the entrances at Bonnierhuset and Bonniers Konsthall in Stockholm The paving stone is in rough-hewn granite and the pattern is based on the artist Jens Fänge's vision Customer Bonnier Real Estate Bonnierhuset/Bonn
Slide 9: Example of recent project; construction of outdoor areas
Example of recent project; construction of outdoor areas GAST A/S Upgrade of 2 000 m2 play areas at preschool Project has included a new system for handling surface water, new play equipment, with climbing frame, swing set, slide, dump swing, playhouse and bike path Project carried out without
Slide 10: Example of recent project; installation of mulm box and insect hotels
Example of recent project; installation of mulm box and insect hotels Jacksons Trädvård Under the Ravenwood brand, we have during the autumn placed a number of mulm boxes and insect hotels in Stockholm The mulm box is a wooden construction that is placed next to a tree trunk and is designed to m
Slide 11: Healthy performance in four out of five segments
Healthy performance in four out of five segments Q4 YTD Sales per segment EBITA EBITA Margin, SEKm Sales EBITA Sales EBITA Margin, % % Region 5% 158 7.7 4.9% 492 28.0 5.7% 8% South Region 311 19.3 6.2% 943 76.4 8.1% West Region 42% 158 –0.8 –0.5% 515 –13.1 –2.5% East 22% Region 51 6.8 13.6% 177 8.2
Slide 12: Financial position
Financial position Cash Flow Statement Net Debt / EBITDA PF 2.8X Room for continued acquisitions Cash flow from operations after leasing payments of SEK 82 (0) million in quarter. Positive SEK 116 (11) million in 2020 SEK 48 (2) million from WC this quarter which is positive Rights issue o
Slide 13: We have made seven acquisitions totaling c. SEK 650 million in revenue
We have made seven acquisitions totaling c. SEK 650 million in revenue (annual sales) this year Acquisition Segment Estimated yearly sales (SEKm) Acquired GAST Entreprenør AS Norway 95 Q1 Park i Syd AB Sweden, region south 45 Q1 TH Anlegg AS Norway 35 Q2 Hadeland Maskindrift AS Norway 240 Q3 Bengtss
Slide 14: Acquired companies in Q4 2020
Acquired companies in Q4 2020 Bengtssons Trädgårdsanläggningar Founded in 1985 Company with strong company culture and high customer satisfaction Focus on landscaping in the Malmö region Delivers mainly to municipalities and housing companies High efficiency underpins high margins Annual
Slide 15: Acquired companies in Q4 2020
Acquired companies in Q4 2020 Oveland Utemiljø Founded in 2002 Developed from being a small player in landscaping to being a well-established company Offer services within landscaping, especially stone walls, and ground maintenance Annual sales NOK 50 million 50 employees Page 15
Slide 16: Acquired companies in Q4 2020
Acquired companies in Q4 2020 Thormans Entreprenad Founded in 2003 Well-known company in the industry and has over the years succeeded with impressive growth Offers a number of services within ground maintenance and landscaping with a geographical emphasis on Östergötland Focus on improving
Slide 17: Financial targets
Financial targets Growth EBIT margin Leverage (ND/EBITDA) Dividend (% of NI) 10% 8% 2.5x 40% Approximately 40% of the years results to be distributed Sales growth on average by Net debt in relation to EBITDA as dividends, taking into Achieving an EBITA 10% per year, including both shall not exceed a
Slide 18: Summary
Summary A quarter with strong growth, significant margin improvement and three acquisitions Revenue growth of 29.4% EBITA-margin improved by 2.1 ppc, to 5.1% Seven acquisitions completed year-to- date Skoyen Atrium, PageNorge 18
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4 landscaping group
Green Landscaping Group — Q4 2020 Earnings Presentation on 6ix