Slide 1: Q1 January – March
=PEAB= THE NORDIC COMMUNITY BUILDER
Slide 2: Housing investments remain at a low level
MARKET OUTLOOK Housing investments remain at a low level Started-up housing investments, new and renovations 2024 2025 2026 Sweden ↘ ↗ ↑(-) 2024 2025 2026 Norway ↘ ↗ ↑(-) 2024 2025 2026 Finland ↘ ↗ ↗(-) Source: Navet
Slide 3: Varying investment levels in other building construction
MARKET OUTLOOK Varying investment levels in other building construction Started-up other building construction investments, new and renovations 2024 2025 2026 Sweden ↘ →(↗) ↗(-) 2024 2025 2026 Norway → ↑(→) ↘(-) 2024 2025 2026 Finland ↘ →(↗) ↗(-) Source: Navet
Slide 4: Stable market for civil engineering investments
MARKET OUTLOOK Stable market for civil engineering investments Civil engineering investments 2024 2025 2026 Sweden → ↗ (-) 2024 2025 2026 Norway ↗ → (-) 2024 2025 2026 Finland ↘ ↗(→) (-) Source: Navet
Slide 5: Slightly higher level of investments in the Nordic market
MARKET OUTLOOK Slightly higher level of investments in the Nordic market Total construction and civil engineering investments, new and renovations 2024 2025 2026 Sweden ↘ ↗ ↗(-) 2024 2025 2026 Norway ↗(→) ↗(→) →(-) 2024 2025 2026 Finland ↘ →(↗) ↗(-) Source: Navet
Slide 6: Business area Construction
Business area Construction Sørvik Barnehag Harstad
Slide 7: Business area Construction
Business area Construction Jan-Mar Jan-Mar Apr 2023- Jan-Dec MSEK 2024 2023 Mar 2024 2023 Net sales 5,788 7,422 26,146 27,780 Operating profit excl. 101 162 -20 41 Mall of Scandinavia Operating margin excl. 1.7 2.2 -0.1 0.1 Mall of Scandinavia, % Operating profit 101 162 380 441 Operating margin, %
Slide 8: Increased orders received for other building construction
BUSINESS AREA CONSTRUCTION Increased orders received for other building construction Orders received, MSEK 9,000 8,490 8,000 6,926 7,000 6,563 6,654 6,321 5,995 Order backlog 6,000 5,577 5,835 4,804 5,000 4,000 3,000 25.5 BSEK (26.6) 2,000 1,000 0,000 Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 Q423
Slide 9: New contracts mainly from public customers
BUSINESS AREA CONSTRUCTION New contracts mainly from public customers New swimming Renovation and Facility for Extension of pool block extension of clean energy high school incl. housing office building (19 MEUR) (257 MNOK) (1,3 BSEK) (160 MSEK) Partille Oxelösund Espoo Bergen
Slide 10: Allocation per product area
BUSINESS AREA CONSTRUCTION Allocation per product area Net sales, rolling 12 months Order backlog per March 31, 2024 9% Housing 10% Housing Construction maintenance Construction maintenance 8% 29% Sports facilities 11% Sports facilities 36% Industrial Industrial 7% Offices Offices Logistics Logistic
Slide 11: Business area Civil Engineering
Business area Civil Engineering
Slide 12: Business area Civil Engineering
Business area Civil Engineering Jan-Mar Jan-Mar Apr 2023- Jan-Dec MSEK 2024 2023 Mar 2024 2023 Net sales 3,558 3,328 15,394 15,164 Operating profit 77 59 519 501 Operating margin, % 2.2 1.8 3.4 3.3
Slide 13: Record high level of orders received and order backlog
BUSINESS AREA CIVIL ENGINEERING Record high level of orders received and order backlog Orders received, MSEK 9,000 8,188 8,000 7,000 6,000 Order backlog 4,980 5,000 4,000 3,000 4,375 2,618 2,904 4,442 3,891 3,483 3,274 18.6 BSEK (15.1) 2,000 1,000 0,000 Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 Q124
Slide 14: New contracts in the first quarter
BUSINESS AREA CIVIL ENGINEERING New contracts in the first quarter Construction of Railway sidings New bridge Stage of Västlänken dock (1,132 MSEK) (392 MSEK) (247 MSEK) (1,5 BSEK) Skellefteå Göteborg Härnösand Göteborg
Slide 15: Allocation per product area
BUSINESS AREA CIVIL ENGINEERING Allocation per product area Net sales, rolling 12 months Order backlog per March 31, 2024 Operations and 20% Operations and 25% maintenance 25% maintenance 31% Energy Energy Streets and Streets and 6% groundwork groundwork Ports and sea 6% Ports and sea 6% Industrial
Slide 16: Business area Industry
Business area Industry
Slide 17: Business area Industry
Business area Industry Jan-Mar Jan-Mar Apr 2023- Jan-Dec MSEK 2024 2023 Mar 2024 2023 Net sales 2,411 2,779 19,594 19,962 Operating profit -479 -435 918 962 Operating margin, % -19.9 -15.7 4.7 4.8
Slide 18: Allocation per product area
BUSINESS AREA INDUSTRY Allocation per product area Net sales, rolling 12 months 7% Paving 10% Concrete Mineral Aggregates 9% Transportation and 49% Machines Rentals 14% Construction System 11%
Slide 19: Stable level of orders received in the first quarter
BUSINESS AREA INDUSTRY Stable level of orders received in the first quarter Orders received, MSEK 4,500 4,000 3,835 3,614 3,500 3,159 3,127 Order backlog 2,914 2,932 3,000 2,689 2,500 2,000 2,212 2,424 6.2 BSEK (6.1) 1,500 1,000 0,500 0,000 Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q424 Q124
Slide 20: Unchanged capital employed but increased return on capital
BUSINESS AREA INDUSTRY Unchanged capital employed but increased return on capital Capital employed and return on capital employed* 14,000 12% 11,885 11,805 12,000 10% 10,807 10,957 10,807 10,762 10,699 10,806 10,000 9,376 8% Return on capital 8,000 employed 6% 8.2 6,000 4% 4,000 % (6.6) 2,000 2% 0,0
Slide 21: Business area Project Development
Business area Project Development
Slide 22: Business area Project Development
Business area Project Development Jan-Mar Jan-Mar Apr 2023- Jan-Dec MSEK 2024 2023 Mar 2024 2023 Net sales 1,055 1,841 4,936 5,722 Operating profit 246 127 423 304 Operating margin, % 23.3 6.9 8.6 5.3 of which Housing Development -1.5 7.3 1.1 3.8
Slide 23: Low level of housing start-ups and sales
BUSINESS AREA PROJECT DEVELOPMENT Low level of housing start-ups and sales Jan-Mar Jan-Mar Apr 2023- Jan-Dec MSEK 2024 2023 Mar 2024 2023 Total number of housing start-ups 137 2881 566 7272 of which tenant-owner associations, ownership and residential limited 137 811 177 1212 companies of which in
Slide 24: Own housing development production
BUSINESS AREA PROJECT DEVELOPMENT Own housing development production Mar 31, Mar 31, Number 2024 2023 Total number of homes under production 2,810 5,061 of which tenant-owner associations, ownership and 1,866 3,854 residential limited companies of which in rental apartment projects 9441 1,2071 Shar
Slide 25: Ongoing property projects in Property Development
BUSINESS AREA PROJECT DEVELOPMENT Ongoing property projects in Property Development Recognized Adopted Rentable Degree Completion Completion Type of project Location value, investment, area, m2 rented, % time point level, % MSEK MSEK Office building Jönköping 3,200 * 100 104 106 Completed 98 Office
Slide 26: Increased investments and unsold homes tie up capital
BUSINESS AREA PROJECT DEVELOPMENT Increased investments and unsold homes tie up capital Capital employed and return on capital employed* 20,000 12% 18,017 18,093 18,334 18,000 17,351 16,226 10% 15,632 16,000 14,173 13,624 13,911 14,000 8% 12,000 Return on capital employed 10,000 6% 8,000 6,000 4% 2.
Slide 27: The Peab Group
The Peab Group
Slide 28: Segment reporting
THE GROUP Segment reporting Jan-Mar Jan-Mar Apr 2023- Jan-Dec MSEK 2024 2023 Mar 2024 2023 Net sales 11,141 12,690 57,272 58,821 Operating profit -106 -156 1,903 1,853 Operating margin, % -1.0 -1.2 3.3 3.2
Slide 29: Geographic spread in the Nordic region
THE GROUP Geographic spread in the Nordic region Net sales, rolling 12 months 11% 73% 14% (13) (70) (15) 2% (2)
Slide 30: Increased share of public customers
THE GROUP Increased share of public customers Net sales , rolling 12 months 50% 50% (44) (56) Public customers Private customers
Slide 31: High order backlog and continued good risk diversification
THE GROUP High order backlog and continued good risk diversification Orders received Order backlog Share of projects under MSEK 500 17.9 47.8 76% BSEK (11.0) BSEK (44.6) (82)
Slide 32: Order backlog extended in time
THE GROUP Order baklog extended in time Order backlog allocated over time, MSEK 30,000 25,984 25,912 25,000 20,000 15,000 13,842 10,000 12,412 6,200 8,055 46% after coming 5,000 financial year 0,000 (42) Current financial year Coming financial year Thereafter March 31, 2023 March 31, 2024 The potent
Slide 33: First quarter affected by season
THE GROUP First quarter affected by season Cash flow before financing, MSEK 2,000 1,462 1,500 1,000 -805 450 0,500 0,000 -0,500 -323 -218 -1,000 -897 -908 -1,500 -1,540 -2,000 -2,500 -2,321 -3,000 Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 Q124
Slide 34: Increased net debt and net debt/equity ratio
THE GROUP Increased net debt and net debt/equity ratio Net debt and net debt/equity ratio 14,000 0,9 0,8 12,000 0,7 10,000 2,868 0,6 2,918 8,000 2,649 0,5 Net debt 2,685 2,612 6,000 4,000 1,705 1,768 2,209 8,849 7,255 0,4 0,3 9.1 BSEK (8.0) 5,991 6,490 0,2 4,690 5,372 2,000 1,573 4,628 4,118 0,1 1,4
Slide 35: Target checkpoint
‘ Target checkpoint
Slide 36: Four target areas, nine external targets
Four target areas, nine external targets Most satisfied Best workplace eNPS customers CSI always over benchmark always over 75 Zero vision Serious accidents Through a contracting trend Operating margin Most profitable Leader in social Carbon dioxide Carbon dioxide intensity company >6 % responsibilt
Slide 37: Target: Operating margin over 6 percent
MOST PROFITABLE COMPANY Target: Operating margin over 6 percent Operating margin, Group 7 6.2 Target: 6% 6 5.2 4.8 4.9 5 4.7 4.4 4.5 4.3 4 3.2 3,3 3 2.5 2.6 2 1 0 2016 2017 2018 2019 2020* 2021 2022 2023** 2024 Q1*** *Operating margin 4.5% excl. effect of the distribution of Annehem Fastigheter of M
Slide 38: Target: Net debt/equity ratio within interval 0.3-0.7
MOST PROFITABLE COMPANY Target: Net debt/equity ratio within interval 0.3-0.7 Net debt/equity ratio, Group 1,0 0,8 0.6 0,6 0,6 0.6 Target interval: 0.5 0,4 0.3-0.7 0.3 0.3 0,2 0.2 0,2 0.1 0,0 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1 Years 2016-2018 are not translated according to the changed
Slide 39: Zero vision for workplace accidents
BEST WORKPLACE Zero vision for workplace accidents Serious accidents, rolling 12 months, category 4 60 54 48 48 49 48 50 43 39 34 40 43 Target: 40 36 32 32 33 Contracting trend 30 30 30 30 30 30 28 27 27 25 26 24 20 19 18 20 20 18 16 18 18 16 23 21 21 18 19 19 18 19 10 16 10 14 14 14 14 14 14 11 0 2
Slide 40: Strong level of orders received during the quarter
JAN-MAR 2024 Strong level of orders received during the quarter • Varied market activity in the Nordics where civili engineering, paving and other building construction show good demand while the housing market is still weak • High level of orders received during the quarter extends the order backlo
Slide 41: Q&A
Q&A
Slide 42: Next report: Second quarter 2024, July 16, 2024
Next report: Second quarter 2024 July 16, 2024
Slide 43: Thank you!
Thank you!