Slide 1: Quarterly presentation Q4 2024
Quarterly presentation Q4 2024 ROLF BARMEN (CEO) HENNING NORDGULEN (CFO)
Slide 2: Highlights Q4 2024
Highlights Q4 2024 ROLF BARMEN (CEO)
Slide 3: Group and segment highlights
GROUP Stable EBIT adj. YoY – volume decrease from mild weather mitigated through product management. Financial performance in 2024 in line with targets across all metrics. Gain of NOK 139m from sale of shares in associate Metzum in the quarter. Proposed dividend of NOK 3.0 per share. CONSUMER BUSINE
Slide 4: Financial review Q4 2024
Financial review Q4 2024 HENNING NORDGULEN (CFO)
Slide 5: Key financials Q4 2024
Key financials Q4 2024 Net revenue adj. NOK 486m (NOK 474m) and EBIT adj. NOK 154m (NOK 157m). LTM Net revenue adj. NOK 1 793m (NOK 1 733m) and LTM EBIT adj. NOK 569m (NOK 513m). Volume sold reduced by 9% YoY, primarily driven by mild weather. Average monthly temperatures in Norway were 3–5°C higher
Slide 6: Market development
Market development Weekly elspot prices (NOK/kWh)1 Monthly supplier changes in Norway (‘000)2 1,4 120 1,2 100 1,0 80 0,8 60 0,6 40 0,4 0,2 20 0,0 - 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 1 2 3 4 5 6 7 8 9 10 11 12 2023 2024 2024 2023 2022 2021 Sources: 1) Weekly system prices in NOK from
Slide 7: Consumer segment
Consumer segment Deliveries (‘000) Net revenue adj. (NOKm) • Improved margins YoY, driven by 821 810 810 827 843 price increase on spot contracts. 250 900 Tusener 800 200 700 • Volume sold decreased 4% YoY, 600 primarily due to reduced 150 500 265 667 667 661 661 657 100 211 227 400 consumption from
Slide 8: Business segment
Business segment Deliveries (‘000) Net revenue adj. (NOKm) 140 200 549 546 554 567 557 600 120 500 • Continued growth in number of 150 100 400 deliveries. 80 127 127 128 128 130 100 174 300 • Average margin per kWh 60 161 152 200 increased YoY, driven by 40 123 109 50 20 100 increased core margins.
Slide 9: Nordic segment
Nordic segment Deliveries (‘000) Net revenue adj. (NOKm) 70 228 230 140 223 • Deliveries development affected 60 222 225 120 by revised product strategy. 100 50 220 215• 213 The demand for spot products is 80 40 60 125 122 30 60 65 64 210 seasonally low in Q4. 116 116 118 51 48 40 20 206 205• Termin
Slide 10: New Growth Initiatives
New Growth Initiatives Volume sold Alliance (TWh) Net revenue adj. (NOKm) 2 3,6 3,5 4 50 185 190• Volume sold decreased by 9% 3,4 3,4 3,3 Tusener 45 185 40 180 YoY. 3 172 35 175 170• Implementation of new AllRate 1 30 163 164 2 25 157 46 165 customer in the quarter – 20 41 40 43 160 1 1,09 1,15 1,00
Slide 11: NWC and net cash position
NWC and net cash position Net working capital (NOKm)1 Net cash (NOKm)1 - 450 ( 200) 400 ( 687) 350 ( 400) ( 775) ( 802) 300 250 ( 600) 200 388 150 «Cash EBIT adj.» in the ( 800) quarter: NOK 181m (27) 100 160 (403) (16) (27) 50 (26) (1 000) 224 - -52 -15 - 50 - 100 (1 200) Q4 2023 Q3 2024 Q4 2024 Ne
Slide 12: Outlook
Outlook ROLF BARMEN (CEO) ELMERA GROUP Ul
Slide 13: Strong historical track record – positioned for profitable growth
Strong historical track record – positioned for profitable growth Strong historical net revenue and EBIT development… …enabled through our key development initiatives Net revenue adj. in NOKm 1724 1711 1733 1793 1543 1284 1088 Increase penetration in the Business and Nordic segments Revenue growth R
Slide 14: Financial targets 2024-2025
Financial targets 2024-2025 ▪ Net revenue growth in all segments in 2024 and 2025. ▪ Stable nominal opex adj., in line with 2023, for 2024 and 2025. P&L ▪ EBIT adj. in the area of NOK 550-600m for 2024 and 2025 with a positive development throughout the period. ▪ Target pay-out ratio of at least 80%
Slide 15: Key investment highlights
Key investment highlights 1 Operating in the attractive Nordic electricity retailing market with a stable demand profile and growth opportunities from increased electrification. A comprehensive product offering, including risk mitigation products and other value-added services, empowering customers
Slide 16: Q&A
Q&A ELMERA GROUP Ul
Slide 17: Appendix
Appendix =; ELMERA GROUP
Slide 18: Adjusted EBIT reconciliation
Adjusted EBIT reconciliation Quarterly presentation | Q4 2024 18
Slide 19: Profit and Loss account
Profit and Loss account Quarterly presentation | Q4 2024 19
Slide 20: Balance sheet
Balance sheet Quarterly presentation | Q4 2024 20
Slide 21: Balance sheet
Balance sheet Quarterly presentation | Q4 2024 21
Slide 22: Cash flow
Cash flow Quarterly presentation | Q4 2024 22
Slide 23: Cash flow
Cash flow Quarterly presentation | Q4 2024 23
Slide 24: Rolf Barmen (CEO), Henning Nordgulen (CFO)
• Rolf Barmen (CEO) • Henning Nordgulen (CFO)
Slide 25: Forward-looking statements
Forward-looking statements This presentation contains, or may be deemed to contain, statements that are not historical facts but forward-looking statements with respect to Elmera Group’s expectations and plans, strategy, management’s objectives, future performance, costs, revenue, earnings and other