Wastbygg Gruppen Ab Class B · OMXSTO:WBGR_B
Wastbygg Gruppen Ab Class B — Q2 2024 Earnings Presentation
17 slides from Wastbygg Gruppen Ab Class B's earnings presentation, Aug 22, 2024
Slide 1: Interim Report January–June 2024
INTERIM REPORT JANUARY – JUNE 2024 AUGUST 22, 2024
Slide 2: Today's Presenters
TODAY’S PRESENTERS JONAS JÖNEHALL PETER BRYNG Chief Executive Officer Interim Chief Financial Officer 2
Slide 3: Second Quarter 2024 In Brief
SECOND QUARTER 2024 STADSMISSIONEN, STOCKHOLM IN BRIEF • Adjusted operations reflecting order intake. • Prioritized market presence further refining our business. • The green transition creates new business opportunities. • Taking steps lowering debt ratio. 3
Slide 4: Significant Events
SECOND QUARTER 2024 STADSMISSIONEN, STOCKHOLM SIGNIFICANT EVENTS • Wästbygg Group's group company Logistic Contractor signed an agreement with Niam, which is acquiring a logistics property under construction in Norway with agreed property value amounting to mNOK 1,450. • Restructuring of Wästbygg Gr
Slide 5: Key Figures Second Quarter 2024
MATHEM, STOCKHOLM SECOND QUARTER 2024 STADSMISSIONEN, STOCKHOLM KEY FIGURES REVENUE EBIT MARGIN MSEK 1.270 -2.4% (1.358) (-19.3) DISTRIBUTION OF REVENUE – APR-JUN 2024 17% 24% 47% 36% 76% Residential Construction Commercial Project Development Logistics & Industry As of Q2 2020 the Company consolida
Slide 6: Key Figures First Half 2024
FIRST HALF 2024 CARLSLUNDSSKOLAN, UMEÅ KEY FIGURES REVENUE EBIT MARGIN MSEK 2.213 -3.5% (2.737) (-8.7) DISTRIBUTION OF REVENUE – JAN-JUN 2024 19% 18% 38% 43% 82% Residential Construction Commercial Project Development Logistics & Industry As of Q2 2020 the Company consolidates tenant-owner associati
Slide 7: Residential Segment Development
RESIDENTIAL BRF TJÄRAN, NORRTÄLJE SEGMENT DEVELOPMENT • Focus on multi dwelling buildings (condominiums and rental apartments) and student housing. • Construction and project development. PRODUCTION, NUMBER OF FLATS Completed during the second quarter 120 Ongoing June 30 1,015 – of which constructio
Slide 8: Residential Revenue and EBIT Margin
RESIDENTIAL BRF TJÄRAN, NORRTÄLJE SEGMENT DEVELOPMENT REVENUE, SEKM Construction Project dev. EBIT margin 9,00% 500 -15.8% 1500 -1,00% 400 1061 -11,00%236 1000 300 -17.8% 602 732 457 -21,00% 200 500 718 644 194 99 462 476 -31,00% 100 -36,7% 114 0 0 -41,00% 2021 2022 2023 Jun Q2 Q2 24-LTM 2023 2024 S
Slide 9: Commercial Segment Development
COMMERCIAL SEGMENT DEVELOPMENT • Focus on commercial properties including retail, offices, community service properties and hotels. • Construction and project development. PRODUCTION, NUMBER OF SQM Completed during the second quarter 26,630 Ongoing June 30 130,850 – of which construction 127,850 – o
Slide 10: Commercial Revenue and EBIT Margin
COMMERCIAL SEGMENT DEVELOPMENT REVENUE, SEKM Construction Project dev. EBIT margin 9,00%-12,5% -7,3% 2000 2 0 0 1926 0 1500 1811 1834 0 4,00% 400 465 424 1000 25 -1,00% 200 500 663 -4,7% 0 0 -6,00% 2021 2022 2023 Jun Q2 Q2 24-LTM 2023 2024 SIGNIFICANT EVENTS DURING THIS QUARTER • A contract was sign
Slide 11: Logistics and Industry Segment Development
LOGISTICS AND INDUSTRY VERDION, VAGGERYD SEGMENT DEVELOPMENT • Focus on larger logistics and industrial buildings under the brand of LC. • Construction and project development. PRODUCTION, NUMBER OF SQM Completed during the second quarter 31,000 Ongoing June 30 374,600 – of which construction 290,00
Slide 12: Logistics and Industry Revenue and EBIT Margin
LOGISTICS AND INDUSTRY VERDION, VAGGERYD SEGMENT DEVELOPMENT REVENUE, SEKM Construction Project dev. EBIT margin -26,0% 8,6% 13,00% 2000 500 709 211 800 400 8,00% 183 1500 6,2% 563 420 381 1379 300 1000 1265 3,00% 319 1094 1135 200 500 -2,00% 100 0 0 -7,00% 2021 2022 2023 Jun Q2 Q2 24-LTM 2023 2024
Slide 13: Order Intake and Backlog Since 2020
ORDER INTAKE AND BACKLOG SINCE 2020 SEASONALITY WITH STRONG ORDER INTAKES IN Q2 AND Q4 DISTRIBUTION OF ORDER BACKLOG 3 500 7 000 3 000 6 000 13% 2 500 5 000 26% 2 000 4 000 61% 1 500 3 000 1 000 2 000 Residential 500 1 000 Commercial Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Logistics & 0 0 in
Slide 14: Medium Term Financial Targets
MEDIUM TERM FINANCIAL TARGETS ANNUAL EBIT EQUITY / DIVIDEND GROWTH TARGET MARGIN ASSETS RATIO POLICY TARGET: TARGET: TARGET: TARGET: 10% >6% >25% 40% OVER TIME OF NET PROFIT, OVER TIME OUTCOME: OUTCOME: OUTCOME: 6.6% -8.0% 32% CAGR’21-LTM JUN 24-LTM JUN 24-LTM As of Q2 2020 the Company consolidates
Slide 15: Summary
SUMMARY • Adjusted operations reflecting lowered production volumes. • Strategic collaborations strengthens our offering. • Continued strong equity ratio and sustained focus on lowered debt. • Unpredictable market with positive indications. • Focus on restoring strong profitability. SÖRSJÖN, JÖNKÖPI
Slide 16: Q&A
Q&A JONAS JÖNEHALL PETER BRYNG Chief Executive Officer Interim Chief Financial Officer 16
Slide 17: Thank You
NEXT INTERIM REPORT: NOVEMBER 6, 2024 THANK YOU!