Slide 1: Etteplan Q2 2022: Strong growth in spite of uncertainty
Etteplan Q2 2022: Juha Näkki President and CEO Strong growth in August 10, 2022 spite of uncertainty Espoo, Finland Public 1
Slide 2: Contents of the presentation
Contents of the presentation • Operating environment Q2 2022 • Highlights Q2 2022 • Financial development Q2 2022 • Service areas Q2 2022 • Etteplan’s targets • Q&A Public 2
Slide 3: Operating environment Q2 2022
Operating environment Q2 2022 Development in main markets: • The demand situation remained good but there were fluctuations in demand. The pandemic continued to affect the • Prolongation of the pandemic market situation in Europe, and the higher continued to have an impact on the geopolitical tensio
Slide 4: Highlights Q2 2022
Highlights Q2 2022 + Strong growth supported by acquisitions, also organic growth on good level. + We continued to develop our service offering and capabilities through acquisitions and a strategic investment (Q3). + Number of personnel grew and exceeded 4,000 soon after the review period. ─ The unc
Slide 5: Revenue
Revenue 19% 10% 27% 36% Organic growth 9.7% Public 5
Slide 6: Operating profit (EBITA)
Operating profit (EBITA) 5% 17% 14% 5% Public 6
Slide 7: Revenue and personnel
Revenue and personnel Revenue by Revenue by area Personnel by area service area 1-6/2022 June 30, 2022 1-6/2022 Engineering Solutions 52% (57%) Finland 52% (57%) Finland 51% (57%) Scandinavia 25% (24%) Scandinavia 19% (18%) Software and Embedded Solutions 28% (26%) Central Europe 19% (15%) Central E
Slide 8: Revenue by customer segment
Revenue by customer segment 0% 4% 8% 12% 16% 20% 1-6/2022 Industrial Machinery and Equipment 18% (16%) Forest, Pulp and Paper 12% (13%) Energy 11% (14%) Automotive and Transportation 10% (7%) Mining 9% (10%) Lifting and Hoisting 8% (10%) ICT 7% (7%) Medical Technology 5% (5%) Chemical 5% (4%) Aerosp
Slide 9: Financial guidance and Outlook 2022
Market outlook The most important factor affecting Etteplan’s Financial guidance and business is the global development of the Outlook 2022 machinery and metal industry. The prolongation of the COVID-19 pandemic continues to have an impact on the market Financial guidance situation and supply chains
Slide 10: Financial development Q2 2022
Financial development Q2 2022 Public 10
Slide 11: Key Figures
Key Figures M€ 4-6/2022 4-6/2021 Change % 1-6/2022 1-6/2021 Change % 1-12/2021 Revenue 89.3 75.0 18.9 178.8 148.0 20.8 300.1 Revenue from outside Finland 43.0 31.8 35.3 85.2 63.2 34.8 130.1 Operating profit (EBITA) 8.1 7.8 4.6 17.1 15.5 10.5 30.1 EBITA, % 9.1 10.4 9.6 10.5 10.0 Operating profit (EBI
Slide 12: Revenue
Revenue Q2 2022 89.3 M€ (75.0) +18.9% Organic +9.7% 1-6 2022 178.8 M€ (148.0 ) +20.8% Organic +11.9% Acquisitions increased revenue, organic growth was also strong. The significant increase in sickness-related absences; more holidays; an increase in hours of training and investments slowing down in
Slide 13: Growth and new capabilities through acquisitions
Growth and new capabilities through acquisitions Strategic investment in Ekkono Solutions AB Etteplan acquired 20 per cent of Swedish start-up company Ekkono Solutios AB, a developer of machine learning and artificial intelligence technology. Ekkono Edge Intelligence is a software suite for edge com
Slide 14: EBITA
EBITA Q2 2022 8.1 M€, 9.1% (7.8 M€, 10.4%) +4.6% Non-recurring -0.3 M€ (-0.4) 1-6 2022 17.1 M€, 9.6% (15.5 M€, 10.5%) +10.5% Non-recurring -0.6 M€ (-0.4) Profitability was at a moderate level. Increased personnel, training and travel expenses due to a backlog generated during the pandemic affected p
Slide 15: EBIT
EBIT Q2 2022 6.8 M€, 7.6% (6.7 M€, 9.0%) +1.3% Non-recurring -0.3 M€ (-0.4) Amortization related to acquisitions 1.3 M€ (1.1) 1-6 2022 14.4 M€, 8.1% (13.3 M€, 9.0%) +8.4% Non-recurring -0.6 M€ (-0.4) Amortization related to acquisitions 2.7 M€ (2.2) Public 15
Slide 16: Earnings per share and dividend
Earnings per share and dividend Earnings per share Q2 2022: 0.22 € (0.20) +10.0% 1-6 2022: 0.46 € (0.41) +12.2% Q1-Q2 Q1-Q2 0.46 0.41 Public 16
Slide 17: Cash flow
Cash flow Operating cash flow Q2 2022: 4.4 M€ (12.4) 1-6 2022: 13.0 M€ (13.7) Strong invoicing in the final quarter of 2021 was reflected favorably in operating cash flow in early 2022, but increased trade receivables and higher-than-usual personnel, training and travel expenses in the Q2 2022 had a
Slide 18: Personnel
Personnel At the end of the period 3,993 (3,491) +14.4% Average 3,913 (3,365) Compared to the end of June 2021, the number of personnel increased by 14.4%. At the end of the review period, 1,944 (Jun 30, 2021: 1,510) people were employed by the Group outside of Finland. The number or personnel reach
Slide 19: Service areas Q2 2022
Service areas Q2 2022 Public 19
Slide 20: Engineering Solutions
Engineering Solutions Q2 2022 Revenue 46.2 M€ (42.0) +10.0% EBITA 4.9 M€, 10.6% (4.2 M€, 9.9%) 1-6 2022 Revenue 92.9 M€ (83.4) +11.4% EBITA 9.8 M€, 10.6% (8.6 M€, 10.3%) Personnel 2,125 (1,995) at the end of the period The demand situation remained good level in all markets. The demand for Engineeri
Slide 21: Software and Embedded Solutions
Software and Embedded Solutions Q2 2022 Revenue 25.1 M€ (19.9) +26.5% EBITA 1.9 M€, 7.4% (2.2 M€, 10.9%) 1-6 2022 Revenue 49.7 M€ (38.7) +28.6% EBITA 4.2 M€, 8.5% (4.3 M€, 11.0%) Personnel 838 (721) at the end of the period Market situation remained good. Acquisitions and increased subcontracting af
Slide 22: Technical Documentation Solutions
Technical Documentation Solutions Q2 2022 Revenue 17.7 M€ (13.0) +36.4% EBITA 1.5 M€, 8.7% (1.6 M€, 12.5%) 1-6 2022 Revenue 35.8 M€ (25.5) +40.3% EBITA 3.4 M€, 9.4% (3.0 M€, 11.8%) Personnel 892 (644) at the end of the period Demand situation remained good. Acquisitions and success of outsourcings c
Slide 23: Etteplan's targets
Etteplan’s targets Public 23
Slide 24: Financial targets 2020-2024
Financial targets 2020-2024 Revenue 50% 75% 10% >EUR 500 Revenue Managed Operating million outside Services share profit Finland of Revenue (EBITA) Rolling 12 months: EUR 331 million 1-6/2022: 48% 1-6/2022: 65% 1-6/2022: 9.6% Public 24
Slide 25: Questions?
Questions? » » BE s Etteplan Public
Slide 26: Revenue and EBIT 2000-Q2/2022
Revenue and EBIT 2000-Q2/2022 M€ Revenue Operating profit (EBIT) M€ 350 30 300 25 250 20 200 15 150 10 100 5 50 0 0 -5 *Includes continued and discontinued operations Public 26
Slide 27: Investor relations contacts
Investor relations contacts Outi Torniainen Juha Näkki SVP. Marketing and President and CEO Communications Tel. +358 10 307 2077 Tel. +358 10 307 3302 Helena Kukkonen CFO Public 27 Tel. +358 10 307 2003
Slide 28: Public
x Etteplan Public