Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q4 2024 Earnings Presentation
22 slides from Nordisk Bergteknik Ab Class B's earnings presentation, Feb 13, 2025
Slide 1: Nordisk Bergteknik Q4
February 13, 2025 Nordisk Bergteknik Q4
Slide 2: Table of contents
Table of contents Nordisk Bergteknik at a glance Financial targets and strategy to get there Nordisk Bergteknik at a glance Financial targets and strategy to get there This is Nordisk Bergteknik This is Nordisk Bergteknik Predicted continued growth Caret Right with solid fill Predicted continued gro
Slide 3: This is Nordisk Bergteknik
This is Nordisk Bergteknik Was there a better way of building modern, sustainable SECTORS societies? We believed so. We also considered that a more Infrastructure, energy, real estate, mining consolidated market for rock and foundation solutions was part of the answer. So, in 2016, Nordisk Bergtekni
Slide 4: Leading the market in rock and foundation solutions
Leading the market in rock and foundation solutions 122m 1,153 FOUNDED IN 2016 SEK ADJ. EBIT 2024 # OF EMPLOYEES SEK 3,305m 3.7% 20 SALES 2024 ADJ. EBIT MARGIN 2024 OPERATING SUBSIDIARIES
Slide 5: Areas for our services and solutions
Areas for our services and solutions Rock Rock and concrete Drilling Rock excavation Prospecting, excavation and Excavation of rock, mainly reinforcement reinforcement through blasting Maintenance of rock and concrete constructions Foundation Foundation Piling Sheet piling Ensuring a stable and rein
Slide 6: Attractive business mix
Attractive business mix REVENUE BY SEGMENT, YTD 2024 EBIT PER SEGMENT, YTD 2024 25% 1% 51% Rock Rock Rock Norway Sweden Norway 97% 2% Rock Sweden Foundation Sweden 24% Foundation Sweden
Slide 7: Diversified project portfolio lowers the risk level
Diversified project portfolio lowers the risk level High revenue diversification and few projects with fixed price Few large projects spread Mining and prospect Direct exposure to No. of projects yearly over several years account drilling becoming an construction of new to less than increased part o
Slide 8: Operational synergies lead to attractive offering and barriers to entry
Operational synergies lead to attractive offering and barriers to entry Synergies Barriers to entry • Knowledge sharing • Economies of scale • Flexible resource and machine • Strong market position and allocation track record • Centralised sourcing of raw • Highly experienced employees materials and
Slide 9: Interim Report Q4
Interim Report Q4 Nordisk Bergteknik is well prepared for the market’s rise
Slide 10: Financial performance (1/2)
Financial performance (1/2) 980 973 20,0% October – December 960 940 • Net sales increased by 1% and amounted to SEK 897m (888). 920 • Organic growth amounted to 2% (-15)%. 900 8.1% 888 897 • Adjusted EBIT margin amounted to 3.7 (3.5)%. 880 3.5% 3.7% 860 840 0,0% Comments Q4 2022 Q4 2023 Q4 2024 • R
Slide 11: Financial performance (2/2)
Financial performance (2/2) Financials 197 196 • Adjusted cash flow from operating activities amounted to SEK 178m (196) during Q4. • Net debt/adjusted EBITDA amounted to 3.2x (3.2). 178 • Cash and cash equivalents at the end of the period was SEK 119m (115). • Unused credit and overdraft facilities
Slide 12: Performance per segment – Rock Sweden
Performance per segment – Rock Sweden SEKm 500 453 445 449 420 421 406 379 400 356 • Rock Sweden’s external net sales increased with 300 8% and organic growth amounted to 8%. 200 • The segment experienced a stronger market during the quarter, which led to more large 100 projects, above all in mining
Slide 13: Performance per segment – Rock Norway
Performance per segment – Rock Norway SEKm 350 292 300 252 243 250 231 218 215 216 • Rock Norway’s external net sales decreased 200 164 with 11% and organic growth amounted to -9%, 150 primarily attributable to fewer large projects 100 and project starts compared to the previous 50 year as well as l
Slide 14: Performance per segment – Foundation Sweden
Performance per segment – Foundation Sweden SEKm 300 274 250 224 228 210 194 189 • The external net sales during the fourth quarter 200 172 182 increased from SEK 224 to 228 million. Despite 150 the challenging market with continued low 100 house construction, which continues to 50 negatively affect
Slide 15: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT -4% 25% -7% 3 526 493 451 SEKm 3 402 3 305 SEKm 485 SEKm 244 25% 173 281 134 122 1 918 16% 145 55 1 008 7.2% 7.0% 14.4% 14.6% 14.5% 5.4% 4.9% 13.7% 13.6% 3.7% 2020 2021 2022 2023 2024 2020 2021
Slide 16: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) • Net debt amounts to SEK 1,447m (1,558). 3,5 3,6 3,6 3,2 3,2 3,2 • Machine loans amounts to SEK 442m and lease liabilities to SEK 2,7 298m. 2,6 2,5 • Debt ratio (net debt/EBITDA LTM) amounts to 3.2x (3.2). • Cash and cash equivalents amounts to SEK
Slide 17: Nordisk Bergteknik's environment
Nordisk Bergteknik’s environment • Continued strong demand for our services in infrastructure, mining/prospect drilling, operation and maintenance services as well as material handling services. Current trading • There is a significant underlying need for new infrastructure investments and probably
Slide 18: Strategy and financial targets
Strategy and financial targets
Slide 19: Predicted continued growth (1/2)
Predicted continued growth (1/2) 3 GEOGRAPHICAL EXPANSION Future • Add additional steps in value chain to offering • Both backward and forward integration is possible 1 4 EXECUTE ON EXPLOIT EXISTING M&A CURRENT PIPELINE CAPABILITIES • Continued M&A journey • Unique collaborations through disciplined
Slide 20: Predicted continued growth (2/2)
Predicted continued growth (2/2) Future Successful operations in a niche market • Limited competition in a niche market with high barriers to entry since operations requires a high level of expertise, specialized 4 EXECUTE ON EXISTING M&A PIPELINE equipment and machine capacity • Additional upside w
Slide 21: Financial targets and dividend policy
Financial targets and dividend policy 40% Dividend 15% policy Growth 7% Profitability <2,5x Capital structure Achieve annual net sales growth of The Group targets an adjusted The net debt in relation to adjusted Nordisk Bergteknik aims to distribute 40 more than 15 percent over a business EBIT-margi
Slide 22: Nordisk Bergteknik
NORDISK BERGTEKNIK