Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q4 2024 Earnings Presentation
19 slides from Sweco Ab Class A's earnings presentation, Feb 7, 2025
Slide 1: Sweco Q4 2024 earnings presentation
0 Feb 4 = ir : ithe |. be “he Bergman, President & CE Spe lof Stalnacke, CFO “ml? aH A lili, ii
Slide 2: Sweco - Europe's leading architecture and engineering consultancy
Sweco - Europe’s leading architecture and engineering consultancy Operations in three segments Drivers for success Eight geographical business areas Net sales by service segment in 2024,% Net sales by business area in 2024,% = Buildings & Urban areas: 37 fon * Sweden: 29 Water, energy & industry: 35
Slide 3: A successful year
A successful year Net sales increased to SEK 30,676 million (28,523) * Organic growth 5 per cent (8), adj. for calendar effects * Acquired growth 3 per cent (6) EBITA increased to SEK 3,076 million (2,531) * Increase of 20 per cent or 517 MSEK, adj. for calendar effects + EBITA margin 10.0 per cent
Slide 4: Continued profitable growth
Continued profitable growth CAGR 2014-2024 Net sales EBITA SEK billion SEK million 2,225 2,056 2,070 1,869 1,631 1,482 1,492 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 sweco 26
Slide 5: Quarter highlights
Quarter highlights Net sales increased to SEK 8,100 million (7,717) * Organic growth 4 per cent (6), adj. for calendar effects * Total growth 5 per cent (15) EBITA increased to SEK 901 million (654) * Increase of 44 per cent or 288 MSEK, adj. for calendar effects * EBITA margin 11.1 per cent (8.5) I
Slide 6: Operational highlights
Operational highlights Continued positive operational trend Solid organic growth Strengthened order backlog Continued positive effects from efficiency measures - turnaround in the UK and double-digit margin in Finland Billing ratio improving by 1.3%u to 74.6 per cent (73.3) Double-digit margins in 6
Slide 7: Market overview
Market overview The overall demand for Sweco’s services remained good. Good to strong demand * Energy, infrastructure, water, environment segments as well as public buildings, parts of industry, security and defense Weak demand * Mainly in residential and commercial real estate sweco 26
Slide 8: Summary result 2024
Summary result 04 2024 Net sales SEK 8,100 million (7,717) * Organic growth 4 per cent, adj. for calendar effects * Acquired growth 1 per cent * Currency effects 0 per cent EBITA SEK 901 million (654) * Increased 44 per cent or 288 MSEK, adj. for calendar effects » EBITA margin 11.1 per cent (8.5) N
Slide 9: Q4: Net sales - organic growth in business areas
Q4: Net sales — organic growth in 6 out of 8 Business Areas SEK 8,100 million (7,717) 5% total growth (15%) 4% organic growth (6%), adj for calendar effects Group SE NO Net sales development Fl * Higher average fees, a favourable development of project adjustments and a higher billing ratio had a po
Slide 10: Q4: EBITA increased adjusted for calendar effects
Q4: EBITA increased SEK 288 million adjusted for calendar SEK 901 million (654) 44% increase y-o-y, adj. for calendar effects 11.1% EBITA margin (8.5) EBITA in 04 2024 by business area, MSEK Group SE NO FI DK NL BE UK DE & CE i) 100 200 300 400 S00 600 700 800 900 EBITA margin, % 11.1 (8.5) 12.4 (13
Slide 11: Q4: EBITA development and contributors
Q4: 7 of 8 Business Areas 04 EBITA development * higher average fees * favourable development of project adjustments * improved billing ratio * higher personnel expenses * net positive impact from restructuring costs of SEK 18 million 3 less working hours corresponding to a negative year-on-year imp
Slide 12: Q4: Strong financial position
Q4: Strong financial position Net Debt decreased to SEK 1,521 million (2,961) mainly due to improved working capital levels and decreased acquisition outflows * Cash flow from operating activities of SEK 4,062 million (2,504) + M&A cash outflows of SEK 170 million (1,686) * Dividends of SEK 1,059 mi
Slide 13: Stable increase of dividend and pay-out ratio > 50%
Stable increase of dividend and pay-out ratio > 50% — Payout ratio, % (ops, SEK 100 i : +50 450.0-Policy 145 a2? i 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Proposal sweco 2 Note: Numbers restated for share split in rights issue in 2015 and share split 2020.
Slide 14: Calendar effects
Calendar effects The number of normal working hours in 2025, based on the 12- month sales-weighted business mix, is broken down as follows: Quarter 1 Quarter 2 . - coe ; sonnei . - coane sonnei . To son 2025 491 464 485 1,956 2024 489 475 ag 484 “pag HL sweco %
Slide 15: First acquisition of 2025
First acquisition of 2025 Sipti Consulting 15 Finnish specialist in geotechnical and environmental design and consulting. Acquisition adds 50 new experts to Sweco. Enables Sweco to capture more business opportunities in a growing segment by significantly increasing our offering within geotechnical,
Slide 16: Projects won in the quarter
Soil and groundwater Helsinki Light Rail Expansion remediation at Brussels Airport Sweco has been selected to be part of an alliance providing design and engineering services for Helsinki’s light rail expansion. This project is part of the city’s €1.2 billion plan for a carbon-neutral “15-minute cit
Slide 17: Well-positioned going forward
Well-positioned going forward Summary 2024 * Net sales of over SEK 30 billion * EBITA of over SEK 3 billion * Double digit margin Focus going forward * Continued focus on internal efficiency and profitability improvements * Capture opportunities in growth segments * Focus on new M&A opportunities sw
Slide 18: Annual General Meeting
| neral Meeting — ational Museum of Science and eT 7 echnology / Tekri ska OMe t, Stock? sa
Slide 19: Sweco
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