Inin Group As · OSL:ININ
Inin Group As — Corporate Update (December 2023)
33 slides from Inin Group As's corporate update, December 2023
Slide 1: Company update December 2023
Slide 2: Cautionary note
Cautionary note This presentation includes forward-looking information and statements that are subject to risks and uncertainties. Actual results may differ significantly from those communicated herein. Such forward-looking information pertain to, amongst other things; (a) forecasts, projections and
Slide 3: Table of contents
Table of contents 02 Business segments See 03_~—s Financials ININ - :;
Slide 4: Inin is building strong platforms within infrastructure services
Inin is building strong platforms within infrastructure services An industrial owner that invests into companies within infrastructure niches in the Nordics Inin Group in brief Group stats and platforms Revenue pro-forma! > Shareholder overview + Inin Group has a vertica-focused ININ 1194 1471 % oth
Slide 5: Listed investment company focusing on infrastructure services sectors in the Nordics
Listed investment company focusing on infrastructure services sectors in the Nordics Vertical-focused investment and buy-and-build strategy within infrastructure services niches in the Nordics Ww Creating value through a combination of M&A and organic growth (eafiall and development initiatives L N
Slide 6: Best of both worlds from the corporate- and the PE-model
Best of both worlds from the corporate- and the PE-model Management has extensive experience and expertise from PE-ownership, corporate management and as entrepreneurs The private equity model The corporate model Clear focus on value creation Long-term thinking Focus on building robust businesses fo
Slide 7: Inin Group has a clear strategy for continued, profitable growth
Inin Group has a clear strategy for continued, profitable growth Investment and consolidation in profitable niches Rationale (Gime) || Platforms a Add-ons Acquisitions that serve as a starting point for consolidating a targeted market or niche Preference is given to acquisitions where the management
Slide 8: Inin Group acquisitions and organic initiatives
Inin Group acquisitions and organic initiatives Sep. Oct. Nov. Dec. Jan. Feb. Mar. April May June July Aug. Sept. Oct. Nov. Dec. =x Established exams am Rail ee R Railpro 0TEAM 495 SLAW OEE] ABeMa Infrastructure Closing < ROUEN ease © Closing Power sorumnste LAE Distribution . Established Establishe
Slide 9: Inin has four main infrastructure platforms
Inin has four main infrastructure platforms ENEN ININ 85.6%! 55.8%! Testing, Inspection & Certification Rail Infrastructure Nordic Infrastructure Group Power Distribution? : Rail focused construction, competence and service supply Energy infra and telecom construction and maintenance Testing, inspec
Slide 10: Sustainability is at the core of what Inin provides
Sustainability is at the core of what Inin provides Green infrastructure services Rail Infrastructure Nordic Infrastructure Group Initiatives: ISO 14001, ESG policy, and Head of sustainability Opportunity: Green infrastructure, Climate adaptation, and Increasing capacity ININ Power Distribution Init
Slide 11: ESG policy
ESG policy We commit ourselves to creating lasting value for both the company and society by integrating sustainability into all aspects of our operations. Innovation, collaboration, and improvement will drive a conscious effort to minimize our climate impact and strive to leave a positive legacy fo
Slide 12: Table of contents
Table of contents _aatill O1 Company overview and business model See 03~— Financials ININ 2
Slide 13: Nordic Infrastructure Group — The rail infrastructure platform
Nordic Infrastructure Group — The rail High production activity combined with strong organic growth infrastructure platform Key facts and figures FA QgQo0 rs =e 9 O ININ A Ownership __ Industry FTEs Units Founded _ of group EBITDA? + Raikfocused construction. Presence and companies! Historical finan
Slide 14: Nordic Infrastructure Group — market positioning
Nordic Infrastructure Group — market positioning Growth anticipated due to widespread political backing for national railway system enhancement Value creation strategy of Nordic Infrastructure Group 5% 3% ™ Rail and Foundation = Material supply a within ent is the local gov Ig body NOR in Norway and
Slide 15: Nordic Infrastructure Group — market dynamics
Nordic Infrastructure Group — market dynamics National investment plans, historical under-investment and continuing urbanization provide stable outlook Macro drivers and trends * The infrastructure maintenance and construction landscape in the Nordics is fragmented and infrastructure owners are incr
Slide 16: Laje — The power distribution platform
Laje — The power distribution platform Services within energy infrastructure, telecom and electrification Key facts and figures ININ & tt ? © Ownership __ Industry FTEs Units Founded _ of group EBITDA? * Laje, a Norwegian infrastructure Presence and companies! Historical financial development of Laj
Slide 17: Laje — market positioning
Laje — market positioning Pressure to invest into power infrastructure in Norway is growing Value creation strategy of Laje Annual grid investments in Norway > y ~33% egional 194 494 Expected growth in 7g 130 oe 18,6 18,4 Fiber access points towards 2024 in Laje’s region (Eidsiva target) 16,4 son 14
Slide 18: Laje — Market dynamics
Laje — Market dynamics Electrical infrastructure Macro drivers and trends * Rising demand for renewable energy sources such as solar and wind power, which requires the construction of new electrical infrastructure to connect these sources to the grid * Growing urbanization and industrialization, whi
Slide 19: Inspekt — The TIC platform
Inspekt — The TIC platform Testing, Inspection and Certification — building a focused niche leader in the Nordics Key facts and figures ININ Q, tt ? © Ownership Industry FTEs Units Founded _ of group EBITDA? + This investment platform was established in Presence and companies! Historical financial d
Slide 20: INspekt — market positioning
INspekt — market positioning Opportunity to gain market share in highly fragmented TIC market of SEK >30bn Value creation strategy of Inspekt * Currently, NDT (Non-Destructive Testing) is the t service area within Inspekt NDT is a way to check various objects, welds and tructions, including concrete
Slide 21: Inspekt — market dynamics
Inspekt — market dynamics Testing, inspection, and control services Macro drivers and trends * Increasing regulations and standards for quality and safety across various industries * Growing focus on sustainability and environmental regulations, leading to increased demand for TIC services * Large i
Slide 22: TW Gruppen - The mass handling and recycling platform
TW Gruppen - The mass handling and recycling platform Complete offering and a leading position Key facts and figures 200 i) TW:GRUPPEN.AS czy Ce {il 9 O See SS ee ere ee ce t Ownership __ Industry FTEs Units Founded _ of group EBITDA? + TW Gruppen aims to control the entire mass Presence and compani
Slide 23: TW Gruppen - market positioning
TW Gruppen - market positioning Excavated soils is the largest source of waste Value creation strategy of TW Gruppen o GD « + TW Gruppen provides environmentally friendly handling of r s to and from construction S * Current le largest business area is transpot ion of masses, which primarily is done
Slide 24: TW Gruppen - market dynamics
TW Gruppen - market dynamics Mass handling and recycling Macro drivers and trends * Growing awareness and environmental concerns leading to the need for sustainable development and construction * Government regulations and policies that promote recycling and sustainable construction practices are in
Slide 25: Table of contents
Table of contents _aatill O1 Company overview and business model 02 Business segments ININ »*
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Slide 27: Basis of preparations — adjustments to the reported figures
Basis of preparations — adjustments to the reported figures Pro forma IFRS adjusted figures have been prepared for 2021-Q3 2023 IFRS and internal sales adjustments made in the pro forma figures The purpose of the pro forma IFRS adjusted financials for ININ Group is to show how the IFRS reported fina
Slide 28: Revenue — Actual to estimated Pro Forma 2023
Revenue — Actual to estimated Pro Forma 2023 eeenenee | Pro forma adjustment relates fully to the fact that | acquired companies have not been owned for the full | Revenue > v f 2028 534 156 48 1274 739 -99 2 YTD (Q3) Actual YTG Actual 2023B Actual 2023 Pro- Full year PF Current SLAM, Banefjell SLAM
Slide 29: EBITDA — Actual to estimated Pro Forma 2023
EBITDA — Actual to estimated Pro Forma 2023 prscasncane sa enene Comment -----------------; ‘Pro forma adjustment relates fully to the fact that} on | acquired companies have not been owned for the full ! EBITDA (IFRS) > v ' year of 2023 ‘ 117 17 10 32 -16 YTD (Q3) Actual YTG Actual 2023B Actual 202
Slide 30: Diversified financial profile
Diversified financial profile .. with significantly improving profitability in 2023 Revenue > EBITDA» Il Infrastructure Testing & Inspection Il Infrastructure Testing & Inspection Other I Rail Infrastructure Swe Internal sales. I Rail Infrastructure IH Power infrastructure [Hl Power infrastructure 1
Slide 31: Profitability improvements partly driven by lower cost base
Profitability improvements partly driven by lower cost base COGS» Personnel expenses > Il Infrastructure Testing & Inspection i Pall infrastructure Power Infrastructure. (9 Infrastructure Mass handling & Recycling Other expenses > 127 ; 25 40. 23 Other 106 SS Internal purchases 63 135 2: SS3N SIN S3
Slide 32: Solid development in order backlog
Solid development in order backlog Proforma order backlog » Commentary improved operational performance from the Group and in general strong market activity 681 681 613 + Expected further backlog improvement in Q4 579 The Group has been able to achieve some 505 synergies in winning new projects foll
Slide 33: NIN
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