Nyab Ab · OMXSTO:NYAB
Nyab Ab — Investor Presentation (March 2025)
21 slides from Nyab Ab's investor presentation, March 2025
Slide 1: Company presentation
Company presentation 1
Slide 2: NYAB in brief
NYAB in brief NYAB founded Employees Q4’24 Specialised contractor of sustainable 2013 492 infrastructure and renewable energy projects Revenue LTM Q4’24 Free cash flow LTM Q4’24 346 22.5 Two complementary Focused on MEUR MEUR segments three growth markets EBIT LTM Q4’24 EBIT margin LTM Q4’24 Civil E
Slide 3: Long history of uninterrupted profitable growth
2013 2014 2017 2019 2022 2023 2024 2025 Journey starts - Business area Group company Group company Expands to Finland - Energy sector Back in Sweden - Listing Acquisition of Main focus on land Construction is NYAB Infrastruktur NYAB Mälardalen is Listing at First North expansion change to First Nort
Slide 4: Strategic acquisition strengthening NYAB's position and providing expansion into Norway
Strategic acquisition strengthening NYAB’s position and providing expansion into Norway Platform for growth Expand core business into Norway Dovre’s strong presence in Norway provide NYAB with a solid platform for expansion, with insights into local tenders to enhance NYAB’s ability to secure and ex
Slide 5: Dovre is complementary to NYAB's current business
Dovre is complementary to NYAB’s current business NYAB stand-alone Dovre NYAB incl. Dovre Geographical presence Global markets Global markets Sector focus Energy, infrastructure, industrials Energy, infrastructure, industrials Energy, infrastructure, industrials General contracting ✓ - ✓ Consulting
Slide 6: Focus on specialised and complex infrastructure and energy projects
Focus on specialised and complex infrastructure and energy projects NYAB sector focus Implementation of European Constructing a 90 km 400 kV Groundworks for a large-scale Rail Traffic Management System transmission line (Aurora Line) battery anode plant for Talga in (ERTMS) for Trafikverket between
Slide 7: Widespread geographical presence across Sweden and Finland
Widespread geographical presence across Sweden and Finland Infra Energy Industry 11. Tampere region - 2022-2024:Two pumping 11. Svenska kraftnät – 2022-2025: Aurora 11. SSAB – 2022–2024: Constructing of a stations as a part of a large-scale central line, building 90 km 400 kV power line research and
Slide 8: Targeting sectors exposed to global mega trends
Targeting sectors exposed to global mega trends ▪ Significant growth of RES expected coming 10 years ▪ Increased electrification puts stress on the already underinvested Green transition electricity transmission capacity ▪ Climate change exerts stress on current infrastructure ▪ Pandemic and rising
Slide 9: Huge target market enables significant growth runway and ability to maintain project selectiveness
Huge target market enables significant growth runway and ability to maintain project selectiveness Total construction market in the Nordics (excl. residential) Key project selection criteria Construction investments excl. residential, EURbn % NYAB’s revenue per country in relation to market size Suf
Slide 10: Significant investment needs over the coming years within NYAB's target markets
Significant investment needs over the coming years within NYAB’s target markets Energy Road and railway Water and wastewater Nordic annual public grid investments, EURbn1) Swedish public transportation infrastructure plan, EURbn2) Nordic annual public water infrastructure investments, EURbn3) 3,5 4.
Slide 11: Asset-light business model focused on design and project management
Asset-light business model focused on design and project management Overview of the value chain NYAB white-collars, %1) Project managers Engineers Site managers >70 Main contractor: NYAB Share of collaboration- Foundation and model projects Project development Project management Construction excavat
Slide 12: Industry-leading performance with a scalable business model
Industry-leading performance with a scalable business model Focused on high value-add Strong EBIT margin Scalable business model Revenue per FTE comparison 2024, EURk1) EBIT margin comparison 20242) NYAB average project size and EBIT margin EBIT-margin, % 703 Average project size, EURm Organisationa
Slide 13: Order backlog development
Order backlog development Comments Order backlog development EUR million ▪ Order backlog YoY growth 10 %, supporting growth in 2025 381,9 ▪ Growth in Sweden 342,6 325,1 ▪ Share of collaborative contracts and 294,7 average contract size are increasing 286,3 252,0 ▪ Increasing cross-border and inter-
Slide 14: Revenue development
Revenue development Comments Revenue development EUR million Quarterly LTM 345,9 ▪ Revenue growth was 33.3% for the 316,7 311,2 fourth quarter 300,4 284,6 282,4 280,4 275,0 ▪ More favourable weather conditions 253,3 117,1 ▪ Growth in particular from power network projects in Sweden 93,6 89,8 ▪ Incre
Slide 15: Profitability development
Profitability development Comments EBIT development EUR million 25,4 Quarterly LTM ▪ EBIT margin for the fourth quarter was 19,7 10.5% (7.5%) of revenue 17,6 17,4 15,2 13,1 ▪ EBIT improvement was derived from 11,0 11,7 improved margins in project operations 9,8 and cost scaling related to the high r
Slide 16: Financial position development
Financial position development Comments Free cash flow Net debt/EBITDA (R12) EUR million (x) 18,3 ▪ Full year 2024 free cash flow 22.5 (22.3 16,8 0,06x or adj. 13.1) million 13,5 ▪ Net cash position at the end of the year amounted to EUR 16.6 (5.6) million ▪ Increase in ROCE and stable Equity Ratio
Slide 17: Strong potential for continued growth
Strong potential for continued growth NYAB EBIT Skarta (March 2022) Selective M&A ▪ Acquisition of Skarta Group in Finland ▪ Geographical expansion to Finland Leverage Dovre acquisition ▪ Operational improvement potential with tangible synergies Scalability Power Forze (Aug-2022) Organic growth & ex
Slide 18: Long-term financial targets and past performance
Long-term financial targets and past performance Growth Profitability Capital structure Direct shareholder return KPI and target KPI and target KPI and target KPI and target Revenue growth EBIT margin Net debt in relation to EBITDA Dividend > 10% > 7.5% < 1.5 > 35% of (previous year) net profit Full
Slide 19: Why invest in NYAB?
Why invest in NYAB? Strategic growth markets and geographical 1 leverage 2 Asset light, scalable business model 3 High-performance culture Project: Vattenfall Electric Distribution Incentivised leadership with strong growth 4 track-record Client: Two 130 kV power lines between Hedenlunda and Oxelösu
Slide 20: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference and information purposes. Such information is subject to change without notice, its accuracy is not guaranteed, and it may not contain all material information concerning NYAB AB (the “Company”).
Slide 21: Thank you!
Thank you! ir@nyabgroup.com nyabgroup.com