Green Landscaping Group Ab · OMXSTO:GREEN

Green Landscaping Group Ab — Q2 2024 Earnings Presentation

20 slides from Green Landscaping Group Ab's earnings presentation, Aug 23, 2024

  1. Slide 1: Presentation of Green Landscaping Group's Q2 2024

    P R E S E N TAT I O N O F G R E E N L A N D S C A P I N G G R O U P ’ S Q2 2024 JANUARY – JUNE 2024 23 AUGUST 2024 Sid 1

  2. Slide 2: Green Landscaping Group

    Green Landscaping Group A leading company in the ground maintenance and landscaping industry Active on a very attractive market Applying the right business model A HOME FOR Well proven M&A strategy ENTREPRENEURS Sid 2

  3. Slide 3: Summary

    Summary Rolling twelve months Q2  Net sales increased by 9% to SEK 6,125 million  Net sales increased by 11% to SEK 1,657 million - Organic growth contributed by 1% - Organic growth contributed by 5% - Acquisitions contributed by 8%  EBITAincreased by 4% and amounted to SEK 143 million  EBITAinc

  4. Slide 4: Strong growth

    Strong growth Net sales rolling twelve months SEK million 7 000 70% 6 000 60% 5 000 50% 4 000 40% 3 000 30% 2 000 20% Strong growth of net sales and 1 000 10% EBITA over time 0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2021 2022 2023 2024 Net sales Change, % (right axis) SEK million EBITA rolling tw

  5. Slide 5: Sweden

    Sweden Share of net sales, RTM Share of EBITA. RTM 46% 30% Rolling twelve months  Net salesdecreased by 1% to SEK 2,845 million SEK million 1000 Net sales SEK million 3 500  EBITAdecreased by 12% to SEK 176 million, margin 6.2% (7.0) 800 2 800 Impairments and provisions in one subsidiary in Q4 202

  6. Slide 6: Norway

    Norway Share of net sales, RTM Share of EBITA. RTM 41% 43% Rolling twelve months  Net salesincreased by 9% to SEK 2,508 million SEK million 800 Net sales SEK million 4 000 - Organicgrowth contributed5% 700 3 500 Acquisitions contributed 7% 600 3 000 - 500 2 500 - Changed exchangeratescontributed-4%

  7. Slide 7: Rest of Europe

    Rest of Europe Share of net sales, RTM Share of EBITA. RTM 13% 27% Rolling twelve months  Net salesincreased by 110% to SEK 774 million SEK million 300 Net sales SEK million 900 - Organicgrowth contributed11% 250 750 - Acquisitions contributed95% 200 600 - Changed exchangeratescontributed4% 150 450

  8. Slide 8: Acquired companies Q2 2024

    Acquired companies Q2 2024 Gartenidee Kuchler GmbH  Founded in 1999  Operates around Ingolstadt and Munich  Provides landscaping, maintenance, and winter services for outdoor environments  Annual sales of approximately EUR 14.6 million  Over 100 employees Sid 8

  9. Slide 9: Acquired companies Q3 2024, QTD

    Acquired companies Q3 2024, QTD A. Markussen AS  Founded in 1978  Operates in Northern Norway with headquarter in Narvik  Offers full range of services in landscaping, gardening services, infrastructure and maintenance of outdoor environments  Annual sales of approximately NOK 130 million  45 e

  10. Slide 10: Acquired companies Q3 2024, QTD

    Acquired companies Q3 2024, QTD Stange Grünanlagen & Winterdienst GmbH  Founded in 2009  Operates in Neubrandenburg  Provides maintenance services for public areas including winter services for outdoor areas  Annual sales of approximately EUR 4 million  15 employees Sid 10

  11. Slide 11: Acquired companies Q3 2024, QTD

    Acquired companies Q3 2024, QTD BUK Garten- und Landschaftsbau GmbH  Founded in 2011  Operates in greater Munich area  Creates and maintains high-end gardens  Annual sales of approximately EUR 8.5 million  30 employees Sid 11

  12. Slide 12: Financials

    FINANCIALS Sid 12

  13. Slide 13: Key financials

    Key financials  Net sales at SEK 1.7 billion for the quarter and SEK 6.1 billion rolling twelve months Q2 Q2 SEK million RTM  EBITA margin at 8.7% for the quarter and 8.5% rolling 2024 2023 twelve months NET SALES 1,657 1,495 6,125 - Strong contribution from segment Rest of Europe - Higher common

  14. Slide 14: Cash flow

    Cash flow  Cash flow from operating activities amounting to SEK million Cash flow from operating activities SEK million SEK 276 (379) million rolling twelve months 250 600 200 500  Cash flow from operating activities amounting to 150 400 SEK -11 (80) million in Q2 100 300  Cash and cash equivalen

  15. Slide 15: Cash flow bridge

    Cash flow bridge SEK milion EBITA 143 119 Ea ; | EBIT Amortization Net of Change inNWC Cash Flow from Acquisitions Capex & Other NewLoans © Debtrepayment © Repurchase Cash Flow for depreciation, Operating Investing & other items of shares the Period interest and tax Activitites Activities. .y sidas

  16. Slide 16: Financial leverage

    Financial leverage  Financial leverage amounted to 2.7X (2.4X) 3,0 Financial leverage  Level above financial target, yet with significant headroom 2,5 to financial covenant 2,0  Steady state means deleveraging through cash flow from 1,5 operating activities 1,0 0,5 0,0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

  17. Slide 17: Loan maturity profile

    Loan maturity profile  Total maturities amounting to about SEK 1,975 million Loan maturity SEK million  No maturities until 2026 2 000 1 800  Only covenant being Net debt / EBITDA pro forma. 1 600 Current level leaves plenty of headroom 1 400 1 200 1 000 800 600 400 200 0 2024 2025 2026 Bank Loan

  18. Slide 18: Financial targets

    Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (%ofNI) 10% 8% 2.5x 40% Approximately 40% of profit for the year shall be distributed as dividends to shareholders. The Sales shall, on average, Net debt in relation to EBITDA EBITA margin shall, on average, dividend proposal shall

  19. Slide 19: Summary

    Summary Rolling twelve months Q2  Net sales increased by 9% to SEK 6,125 million  Net sales increased by 11% to SEK 1,657 million - Organic growth contributed by 1% - Organic growth contributed by 5% - Acquisitions contributed by 8%  EBITAincreased by 4% and amounted to SEK 143 million  EBITAinc

  20. Slide 20: Sid 20

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