Nordic Group Limited · SGX:MR7
Nordic — Q1 2025 Earnings Presentation
14 slides from Nordic's earnings presentation, March 2025
Slide 1: Sustainable Growth: Rooted in Excellence – 1Q2025 Voluntary Disclosure
Sustainable Growth: Rooted in Excellence 1Q2025 Voluntary Disclosure
Slide 2: Disclaimer
Disclaimer • This presentation (this “Presentation”) has been prepared by Nordic Group Limited (“Nordic” or the “Company”) for information purposes only and has not been independently verified. It is not the intention to provide, and you may not rely on this Presentation as providing, a complete or
Slide 3: Financial Highlights for 1Q2025
Financial Highlights for 1Q2025 Revenue Net profit EBITDA $41.6m ↑19% $4.5m ↑9% $6.8m ↑1% 1Q24: $35.0m 1Q24: $4.1m 1Q24: $6.7m GPM NPM EBITDA margin 24% 0ppt 11% ↓1ppt 16% ↓3ppt 1Q24: 24% 1Q24: 12% 1Q24: 19% EPS NAV per share Order book 1.1 cents 33.5 cents $197.8m ↑3% ↑10% as at 31 Mar 2025 31 Dec
Slide 4: Revenue Trends
1Q2025 Revenue Trends Stronger project services contribution drove growth in revenue gross margin YoY for 1Q2025. Revenue and GM Trend by Year 80 Revenue Trend by Quarter 240 32% 70 28.1% 27.0% 27% 60 23.2% 23.5% 22.7% 190 22% 50 140 17% 40 12% 30 90 162.8 160.6 158.4 44.7 41.6 20 41.2 7% 35.0 37.5
Slide 5: EBITDA Trends
1Q2025 EBITDA Trends EBITDA margin fell in 1Q2025 due to foreign exchange loss in 1Q2025 as compared to foreign exchange gain in 1Q2024 EBITDA and EBITDA Margin Trend EBITDA Trend by Quarter by Year 14 49.9 19.4% 12 18.4% 20% 39.9 18.0% 17.1% 16.4% 10 15% 29.9 8 6 10% 19.9 31.6 27.5 28.6 4 7.8 6.7 7
Slide 6: Net Profit Trends
1Q2025 Net Profit Trends Net profit continued to grow YoY alongside revenue, despite a dip in margin for 1Q2025. Net Profit and Net Profit Margin 10 Net Profit Trend by Quarter Trend by Year 40 18% 9 16% 35 8 13.5% 12.8% 14% 7 30 11.1% 10.8% 12% 6 25 9.9% 10% 5 20 8% 4 15 6% 3 20.9 4.9 4.5 4.4 10 17
Slide 7: NAV Trends
1Q2025 NAV Trends Continuous NAV improvement from resilient earnings performance. 33.5 32.5 35.00 160 29.4 27.5 30.00 140 25.2 25.00 120 100 20.00 80 15.00 129.8 133.6 60 110.0 117.5 97.6 10.00 40 5.00 20 0 0.00 FY2021 FY2022 FY2023 FY2024 31-Mar-25 NAV (S$'million) NAV per share (SG cents) 7
Slide 8: Net Gearing Ratio Trend
1Q2025 Net Gearing Ratio Trend Repaid a significant amount of debt in 1Q2025, maintaining a healthy gearing ratio of 6%. 40 Net Debt Net Gearing Ratio Net Cash 0.25 30 19% 15% 12% 13% 0.15 20 9% 6% 10 1% 22.3 0.05 16.2 16.3 6.9 9.6 8.5 0.9 0 -3.4 -4.2 -0.05 -11.6 -15.1 -10 -0.15 -20 -30 -0.25 FY2015
Slide 9: Order Book
Order Book 232.5 201.6 197.8 187.1 166.0 139.5 117.7 122.6 125.5 105.6 93.0 83.9 60.4 61.6 75.2 FY2021 FY2022 FY2023 FY2024 Mar-25 Project Maintainance 1. PS: Project Service 2. MS: Maintenance Service 9
Slide 10: Revenue Contribution by Services
Revenue Contribution by Services FY2024 (S$’M) 1Q2025 (S$’M) 16.1, 10% 6.6, 16% 30.2, 19% 9.7, 23% 23.4, 15% 7.2, 17% 36.0, 23% 18.4, 11% 6.9, 17% 3.9, 9% 22.1, 14% 5.4, 13% 12.1, 8% 1.9, 5% System Integration / MRO & Trading Note: Above includes inter-segment eliminations Scaffolding Services Insul
Slide 11: Revenue Contribution by Industry
Revenue Contribution by Industry FY2021 FY2022 FY2024 1Q2025 14% 12% 16% 14% 16% 17% 17% 19% 1% 2% 2% 3% 3% 18% 12% 18% 10% 7% 1% 25% 2% 1% 1% 1% 21% 4% 26% 2% 1% 2% 5% 3% 10% 2% 2% 31% 19% 5% 8% 2% 23% 1% Onshore/Downstream Reclassification of 4% was done from EMS to Semiconductor in Marine/Upstrea
Slide 12: Insider Share Purchases
Insider Share Purchases 9 November 2010 – IPO : Director No. of shares held % shareholdings Chang Yeh Hong 200,480,625 50.12% Eric Lin Choon Hin 43,500,000 10.88% Dorcas Teo Ling Ling 29,000,000 7.25% 272,980,625 68.25% 22 June 2025: Director / Executive Officer No. of shares held % shareholdings* C
Slide 13: Share Buyback
Share Buyback CUMULATIVE % OF TOTAL NO YEAR OF ACQUISITION QUANTITY CUMULATIVE VOLUME OF ISSUED SHARES ** Share Buyback by way of Market Acquisition 2022 263,900 263,900 0.07 2024 707,700 971,600 0.24 2025 516,500 1,488,100 0.37 VOLUME WEIGHTED AVERAGE PRICE $0.3435 ** - 400 million shares 13
Slide 14: Thank you for your time
Thank you for your time . 2 Tuas Avenue 10, Singapore 639126 +65 6848 4400 ir@nordicgrouplimited.com www.nordicgrouplimited.com For more information, please contact Financial PR Pte Ltd Investor Relations Consultants Building Momentum, Capturing Opportunities Kamal Samuel: kamal@financialpr.com.sg +