Nyab Ab · OMXSTO:NYAB
Nyab Ab — H1 2023 Earnings Presentation
20 slides from Nyab Ab's earnings presentation, Aug 25, 2023
Slide 1: Builder of a Clean Future
Builder of a Clean Future Half-yearly report presentation 2023 25.8.2023
Slide 2: Key figures (IFRS)
Key figures (IFRS) Revenue H1 Revenue Q2 Balance sheet 104.6 65.3 256.7 MEUR (+42.7%) MEUR (+17.2%) MEUR (+13.7%) EBIT H1 EBIT Q2 Equity ratio 2.0 4.0 68.6% MEUR (+51.4%) MEUR (+85.9%) (+0.3 p.p.) EBIT-% H1 EBIT-% Q2 1.9% 6.2% (+0.1 p.p.) (+2.3 p.p.)
Slide 3: Financial guidance for full year 2023
Financial guidance for full year 2023 Revenue 290-315 MEUR EBIT 16-24 MEUR
Slide 4: Market outlook
Market outlook 2023 2024 Total construction SWE Total construction FIN Infra SWE Infra FIN Industry&Energy SWE (North) Industry&Energy FIN Sources: Byggföretagen, Prognoscentret, Raksu, EK, Statistikmyndigheten
Slide 5: NYAB made significant progress during the first half of the year 2023
NYAB made significant progress during the first half of the year 2023 Order backlog Listing & domicile 252 (305) MEUR Progress in the evaluation concerning the company's future Extended focus on profitability listing and domicile. and quality of the order backlog. Significant negative impact from we
Slide 6: Selection of new contracts
Selection of new contracts Svenska Kraftnät Fingrid Swedavia Infranord Preparation and critical Expansion of two Widening of taxi runways Land improvement work on purchases for Aurora Line substations in Northern at Arlanda airport the railway connections to Ostrobothnia LKAB’s mining districts
Slide 7: Financial performance
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Slide 8: NYAB transitioned to IFRS on 29 June
NYAB transitioned to IFRS on 29 June EUR thousand FAS Transition IFRS • Transition date 1.1.2021 and 2022 impact 2022 republishing financial history Revenue 247,702 5,616 253,318 • NYAB Sverige AB, legal subsidiary of NYAB Plc, treated as accounting EBITA 30,488 -3,271 27,217 acquirer EBITA margin 1
Slide 9: Revenue
Revenue • In January–June, revenue grew 42.7%, amounting to EUR 104.5 (73.2) million • In April–June, revenue grew 17.2%, amounting to EUR 65.3 (55.7) million
Slide 10: Profitability
Profitability • In January–June, operating profit (EBIT) was EUR 2.0 (1.3) million, amounting to 1.9% (1.8%) of revenue • In April–June, operating profit was EUR 4.0 (2.2) million, amounting to 6.2% (3.9%) of revenue
Slide 11: Cash flow and order backlog
Cash flow and order backlog Free cash flow quarterly development Order backlog quarterly development EUR million EUR million 9.5 8.4 305.0 267.7 4.5 o4 239.7 235.0 252.0 : 0.9 12.8 . || = — 478.2 : : Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q12022 Q22022 Q32022 Q42022 Q1 2023 Q2 2023
Slide 12: Revenue split and balance sheet ratios
Revenue split and balance sheet ratios
Slide 13: Long-term financial targets
Long-term financial targets 7/2022- KPI Target 6/2023 Annual organic growth* >15% 30% • Revision of long-term financial targets on EBIT margin >9% 9.3% June 29th, 2023 Equity ratio >50% 69% Dividend (of net profit) >30% N/A *Comparison pro forma Q3/21-Q2/22
Slide 14: Summary
Summary • Despite the macroeconomic headwinds we have achieved another six months of profitable growth • Revised organic growth target (>15%) reflects our current position and market outlook • During temporarily challenging market conditions, extended focus is targeted on sustainable profitable grow
Slide 15: Upcoming Business review
Upcoming Business review • Q3 Business review to be released on 10 November
Slide 16: Thank you!
Thank you! Investor relations ir@nyabgroup.com nyabgroup.com
Slide 17: Appendix
Appendix Consolidated statement of income Consolidated balance sheet Consolidated cash flow statement
Slide 18: Consolidated statement of income
Consolidated statement of income EUR thousand 4-6/2023 4-6/2022 1-6/2023 1-6/2022 1-12/2022 Revenue 65 319 55 729 104 471 73 204 253 318 Other operating income 2 715 615 2 809 655 16 019 Materials and services -52 652 -42 933 -83 805 -59 508 -203 612 Employee benefit expenses -8 433 -6 974 -15 808 -
Slide 19: Consolidated balance sheet
Consolidated balance sheet EUR thousand 6/2023 12/2022 6/2022 EUR thousand 6/2023 12/2022 6/2022 ASSETS Equity Non-current assets Share capital 80 80 80 Goodwill 121 199 121 182 118 138 Reserve for invested non-restricted equity 137 428 142 375 139 249 Intangible assets Translation adjustment -3 384
Slide 20: Consolidated cash flow statement
Consolidated cash flow statement EUR thousand 1-6/2023 1-6/2022 1-12/2022 EUR thousand 1-6/2023 1-6/2022 1-12/2022 Cash flows from operating activities Cash flows used in investing activities Result for the period 917 -337 23 320 Acquisition of subsidiaries, net of cash acquired 0 1 716 1 403 Adjust