Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q3 2023 Earnings Presentation
16 slides from Sweco Ab Class A's earnings presentation, Nov 14, 2023
Slide 1: Sweco Q3 2023 earnings presentation
03 2025 October 27 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 2022, % Net sales by business area in 2022, % Co . n: 32 m Buildings & Urban areas: 37 AY 21,000 experts Swede
Slide 3: Quarter highlights
Quarter highlights Net sales increased to SEK 6,417 million (5,372) * Organic growth 9 per cent (9), adjusted for calendar effect * Total growth 19 per cent EBITA increased to SEK 465 million (382) * Increasing 41 % year-on-year, adjusted for calendar * EBITA margin 7.2 per cent (7.1) The positive d
Slide 4: Operations highlights
Operations highlights Positive development in most business areas Strong organic growth in the quarter Positive EBITA developments Belgium and Denmark strong growth and margins Acquisitions and projects Three acquisitions, welcoming around 390 new experts Continued strengthening of the orderbook Bus
Slide 5: Market overview
Market overview Market affected by macro-economic uncertainty Green transition remains a strong driver Segments Water, Energy and Industry — strong demand in energy and water, mixed demand in industry segment Transport infrastructure — good demand in line with the transport sector's green transition
Slide 6: Summary result
Summary result Q3 2023 Net sales SEK 6,417 million (5,372) Organic growth 9 per cent, adj. for calendar effect * Acquired growth 6 per cent Currency effects 6 per cent EBITA SEK 465 million (382) Operating margin of 7.2 per cent (7.1) Net Debt/EBITDA 1.5x (0.9x) SWECO %
Slide 7: Q3: Net Sales - organic growth in out of Business Areas
SWECO ra} Q3: Net Sales — organic growth in 7 out of 8 Business Areas SEK 6,417 million (5,372) 19% total growth (15%) 9% organic growth, adj for calendar (9%) Net Sales positively affected by * Higher average fees and FTE growth Organic growth adjusted for calendar, % Net sales by business area, MS
Slide 8: Q3: EBITA increased
SWECO * Q3: EBITA increased SEK 158 million adjusted for calendar SEK 465 million (382) 41% increase y-o-y, adjusted for calendar 7.2% group margin (7.1) Group EBITA in Q3 2023 by business area, MSEK OSC | 6.3 (6.3) a || a Le Ye || EBITA margin, % 7.2 (7.1) 2.7 (4.6) 5.5 (6.7) 14,7 (13.2) 9.0 (7.5)
Slide 9: Q3: Business Areas increased EBITA
SWECO * Q3: 6 of 8 Business Areas increased EBITA adjusted for calendar EBITA positively affected by Q3 2023 EBITA contributors 550 z + higher average fees 48 = 530 39 * FTE growth 510 * higher personnel costs had a negative 490 29 effect 39 470 465 7 less working hours ; se 7% 45 * corresponding to
Slide 10: Q3: Net Debt increase driven by acquisitions
SWECO ra} Q3: Net Debt increase driven by acquisitions SEK 4,200 million Net Debt (2,206) Net debt, 03 2018-03 2023 (SEK million) 5000 * Cash flow from operating activities of SEK 744 4000 million (841) 3000 * M&A cash outflows of SEK 1,407 million (402) 2000 | * Seasonal and growth-driven TWC build
Slide 11: Sweco acquisitions in Q3
sweco 2 3 acquisitions in Q3, summing up to 10 in 2023 0J Radgivende Ingenigrer * One of Denmark's leading engineering firms in building market RADG IVE N DE ° Net Sales SEK 400 million — adding 325 experts * Almost double Sweco’s size and footprint in the segment INGENI@RER Medins Havs och Vattenko
Slide 12: Projects
Projects The green transition in society continues to be a core driver for Sweco Growing areas are: = Re-design and development of energy grids = Electrification = Transition to renewable energy = Build-up of energy infrastructure Svenska kraftnat Sweco supports Swedish authority Svenska kraftnat in
Slide 13: Capture market opportunities and stay
= ec Capture market opportunities and stay a ee, ° Continue increasing fees i SW ee ™ Cost control and efficiency o/ , = Execute on M&A strategy ro WT aie
Slide 14: Sweco's Capital Market Day
Sweco’s Capital Market Day. 14 November, 2023 in Stockholm
Slide 15: Thank you!
THANK YOU!
Slide 16: Transforming society together
e SWECO ra) Transforming society together