Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q1 2024 Earnings Presentation
17 slides from Sweco Ab Class A's earnings presentation, May 16, 2024
Slide 1: Q1 2024
Q1 2024 May 16 Asa Bergman, President & CEO Olof Stalnacke, CFO
Slide 2: Sweco - Europe's leading architecture and engineering consultancy
. ; ; . sweco 26 Sweco - Europe’s leading architecture and engineering consultancy Operations in three segments Drivers for success Eight geographical business areas Net sales by segment in 2023, % Net sales by business area in 2023, % Roy . n: 29 ™ Buildings & Urban areas: 37 “W/ 22,000 experts Swe
Slide 3: Quarter highlights
Quarter highlights Net sales increased to SEK 7,720 million (7,140) * Organic growth 4 per cent (10), adjusted for calendar effect * Total growth 8 per cent (17) EBITA amounted to SEK 793 million (849) * Increased 16 per cent or 139 MSEK, adj. for calendar * EBITA margin 10.3 per cent (11.9) The imp
Slide 4: Operational highlights
Operational highlights A positive start to the year Solid organic growth Positive FTE growth Increased EBITA, mainly driven by increased average fees Significant negative calendar effect Measures in UK and Finland are starting to show effect AN \\ Business Areas eported increased EBITA 6/8 Business
Slide 5: Continued focus on efficiency
Continued focus on efficiency Several actions to increase billing ratio Further improvement actions in Finland Ongoing repositioning program in the UK, with further significant redundancies in the first half of 2024 Adjustment of staffing in Sweden Ongoing organisational review to further streamline
Slide 6: Market overview
Market overview Overall good demand, primarily linked to planning and designing Europe’s green transition. Segments ° Water, Energy and Industry — Continued strong demand related to the transition in the energy and industry segments. Strong demand in water. Weaker demand in traditional industry serv
Slide 7: Summary result
Summary result Q1 2024 Net sales SEK 7,720 million (7,140) * Organic growth 4 per cent, adj. for calendar effect * Acquired growth 6 per cent * Currency effects 0 per cent EBITA SEK 793 million (849) * Increased 16 per cent or 139 MSEK, adj. for calendar + EBITA margin of 10.3 per cent (11.9) Net de
Slide 8: Q1: Net sales - organic growth in six out of eight business areas
Q1: Net sales — organic growth in 6 out of 8 business areas SEK 7,720 million (7,140) 8% total growth (17%) 4% organic growth, adj for calendar (10%) Net sales affected by * Higher average fees and FTE growth had a positive impact More vacation due to Easter and lower billing ratio had a negative im
Slide 9: Q1: EBITA increased adjusted for calendar
SWECO % Q1: EBITA increased SEK 139 million adjusted for calendar EBITA in Q1 2024 by business area, MSEK EBITA margin, % SEK 793 million (849) 10.3 (11.9) ee 16% increase y-o-y, adjusted for calendar 0 12.6 (142) | a a | | I | 10.3% group margin (11.9) — impacted by No significant calendar effect 7
Slide 10: Q1: Seven of eight business areas increased EBITA adjusted for calendar
SWECO % Q1: 6 of 8 business areas increased EBITA adjusted for calendar EBITA affected by + Higher average fees * FTE growth * Acquisitions + Higher personnel expenses and a lower billing ratio had a negative effect 15 less working hours * Corresponding to a negative year-on- year impact of SEK 195
Slide 11: Q1: Financial position remains strong
SWECO ra} Q1: Financial position remains strong SEK 3,118 million Net debt (2,916) * Cash flow from operating activities of SEK 351 million (136) * M&A cash outflows of SEK 101 million (1,217) 1.1x Net debt/EBITDA (1.1x) SEK 3,829 million available liquid assets (3,085) Net debt, 01 2019-01 2024 (SE
Slide 12: Calendar effects
Calendar effects The number of normal working hours in 2024, based on the 12-month sales-weighted business mix, is broken down as follows: . Tul smn 2024 2023 Diff. “15 13 : “=
Slide 13: Projects
Projects The green transition and its impact on energy, transport, industrial and urban transitions continue to be core drivers for Sweco. Gasunie Sweco won a € 100M contract to support energy operator Gasunie to develop new energy infrastructure for trans- portation of hydrogen, C02, renewable gas
Slide 14: Supporting Ukraine
Supporting Ukraine Two new water projects announced today Sweco is helping rebuild Ukraine by providing expertise in projects to secure drinking water and modernise waste water treatment in two communities. Specialists from Sweco will provide expertise in waste water treatment, water engineering, hy
Slide 15: Capture business opportunities in attractive growth segments
Capture business opportunities in attractive growth segments
Slide 16: Q2 2024 Financial report
as 02-2024 Financial report // —
Slide 17: Transforming society together
e SWECO ra) Transforming society together