Slide 1: Second quarter and half year 2024 results
Second quarter and half year 2024 results Grethe Bergly, CEO | Ove B. Haupberg, CFO 21 August 2024 Sandviken Shoreline, Bergen Illustration: LINK Arkitektur multiconsult-ir.com
Slide 2: Bridging the past and the future
Bridging the past and the future Segments Business areas Sector balanced portfolio 7% 11% 14% Region Oslo Buildings & Properties Public 39% 38% Region Norway 24% Mobility & Transportation 49% Private 51% Architecture Energy & Industry 41% International 27% Water & Environment *share of net operating
Slide 3: Summary & Key Figures | 2Q 2024
SUMMARY & KEY FIGURES | 2Q 2024 GOOD OPERATIONAL PERFORMANCE NET OPERATING • All time high billing ratio REVENUES EBITA • Good sales and a high order backlog • High organic revenue growth of 11.4% y-o-y 1 425 185.7 NOK million NOK million 23.5% y-o-y EBITA margin 13.0% VERY STRONG RESULTS • EBITA wa
Slide 4: Market & Sales
MARKET & SALES LARGE SALES & NEW CONTRACTS ORDER INTAKE MARKET 2Q 2024 1 572 1 531 • The Norwegian Defense Estates Agency • Order intake in the quarter amounted 1 224 to NOK 1 531 million • Andfjord Salmon • High and diversified order backlog NOK million Land based fish farm • Substantial volume • S
Slide 5: People & Organisation
PEOPLE & ORGANISATION PEOPLE ORGANISATION EXCELLENCE • 3 785 employees, an increase • Multiconsult acquires Petter J. • Multiconsult Norge involved in all of 5.6% y-o-y Rasmussen AS and Sitepartner AS projects nominated for The BREEAM Awards 2024 • Full-time equivalents (FTE) increased • MUST summer
Slide 6: Multicat | New Drilling Vessel
MULTICAT | NEW DRILLING VESSEL • Specialised drilling vessel to carry out geological investigations and environmental surveys • Unique position for near shore activities • Newest of three drilling vessels • Multicat has an estimated cost of approximately NOK 60 million Multicat, new drilling vessel
Slide 7: Financial review
Financial review OVE B. HAUPBERG | CFO multiconsult-ir.com
Slide 8: Financial Highlights | 2Q 2024
FINANCIAL HIGHLIGHTS | 2Q 2024 Consolidated key figures NOK million 2Q 2024 2Q 2023 Change FY 2023 Net operating revenues 1 424.9 1 153.8 23.5% 4 802.5 • Net operating revenues increased to NOK 1 424.9 million (1 EBITA 185.7 55.6 234.1% 419.5 153.8), a y-o-y growth of 23.5% EBITA margin % 13.0% 4.8%
Slide 9: Financial Highlights | H1 2024
FINANCIAL HIGHLIGHTS | H1 2024 Consolidated key figures NOK million H1 2024 H1 2023 Change FY 2023 Net operating revenues 2 791.8 2 464.0 13.3% 4 802.5 • Net operating revenues increased to NOK 2 791.8 million EBITA 322.4 271.9 18.6% 419.5 (2 464.0), a y-o-y growth of 13.3% EBITA margin % 11.5% 11.0
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS Net Operating Revenues Billing ratio +23.5% 1 500 5 500 Rolling 12 months +1.7pp 76 5 000 Net operating revenues 73.8% 74 72.1% Billing ratio 1 000 4 500 72.0% 71.9% 72 NOK million Rolling 12 months 1 425 4 000 70 1 049 1 154 500 987 3 500 68 3 000 66 0 2 500 64 2Q 3Q 4Q 1Q 2Q 3
Slide 11: High Organic Growth
HIGH ORGANIC GROWTH REGION OSLO REGION NORWAY ARCHITECTURE INTERNATIONAL • Net operating revenues • Net operating • Net operating • Net operating increased by 17.3% revenues increased by revenues increased by revenues increased by • EBITA margin 15.2% 22.0% 39.4% 28.7% • Billing ratio up to • EBITA
Slide 12: Financial Position
FINANCIAL POSITION • Strong cash flow from operations • NOK 356 million (279) 650 • Change in working capital 600 • H1 negative NOK 123 million (negative 220) 105 -123 550 • Cash effect acquisition negative NOK 62 million 500 • Net interest-bearing debt 450 -119 • NIBD NOK 375 million NOK million 40
Slide 13: Free Cash Flow
FREE CASH FLOW 669 640 605 547 501 515 503 515 433 400 409 369 323 334 318 NOK million 294 272 457 416 373 294 292 262 79 81 83 85 34 37 -31 -59 -26 -52 -28 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 Net cas
Slide 14: Business areas and closing remarks
Business areas and closing remarks GRETHE BERGLY | CEO multiconsult-ir.com
Slide 15: Market Structure
MARKET STRUCTURE OPERATING MULTICONSULT BUILDINGS & MOBILITY & ENERGY & WATER & REVENUES GROUP PROPERTIES TRANSPORTATION INDUSTRY ENVIRONMENT 11% 27% 24% % OF TOTAL 38% 2Q 2024 NOK million 1 679 640 460 399 180 Change y-o-y 25% 22% 17% 36% 39%
Slide 16: Projects
PROJECTS Wilder, wetter and warmer Ski Towers Illustration: A-lab
Slide 17: The Arendal Water Course
THE ARENDAL WATER COURSE Location: Arendalsvassdraget, Agder | Client: Å Energi Vannkraft AS • Climate change leads to more extreme weather and precipitation, which also challenges Norwegian waterways. It is then important to know the resilience of dams and the possible consequences of dam failure •
Slide 18: Flood Protection of Vågåmo
FLOOD PROTECTION OF VÅGÅMO Location: Vågåmo, Innlandet county | Client: NVE • Climate change with increasingly extreme weather and heavy rainfall contributes to both more frequent and severe flood situations. Without mitigating measures, this will have significant economic and social consequences •
Slide 19: Rehabilitation of Dams
REHABILITATION OF DAMS Location: Tromsø, Norway | Client: Tromsø Municipality • A concession application and risk analysis have been prepared for the drinking water supply to Tromsø municipality • Rehabilitation of four dams for Tromsø municipality • Multiconsult is responsible for the design of all
Slide 20: Impact Assessment of Mpatamanga Hydro Power Plant
IMPACT ASSESSMENT OF MPATAMANGA HYDRO POWER PLANT Location: Shire River Basin, Malawi | Client: EdF/Scatec • Complex impact assessment for the Mpatamanga hydropower plant on the Shire River in Malawi • Focus is on the interconnected impact of the hydropower plant, along with other infrastructure dev
Slide 21: Outlook
OUTLOOK • Overall market outlook remains positive and stable • Good level of new opportunities in the pipeline • Continued uncertainty and increased competition in parts of the market • High volume of ongoing projects, a diverse portfolio, and a high order backlog • Stable sales so far in second hal
Slide 22: Financial Calendar
FINANCIAL CALENDAR CAPITAL MARKETS DAY 06.11.2024 - CMD FINANCIAL YEAR 2024 06.11.2024 - Quarterly Report – Q3 11.02.2025 - Quarterly Report - Q4 18.03.2025 - Annual Report 10.04.2025 - Annual General Meeting FINANCIAL YEAR 2025 13.05.2025 - Quarterly Report - Q1 19.08.2025 - Quarterly Report - Q2 0
Slide 23: Appendix
APPENDIX multiconsult-ir.com
Slide 24: Order Backlog | 2Q 2024
ORDER BACKLOG | 2Q 2024 5 500 0.0% 4 943 4 943 5 000 Buildings & Properties 4 500 Energy & Industry 4 000 Mobility & Transportation Water & Environment 3 500 NOK million 3 000 2 500 2 000 1 500 1 000 500 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2Q 2Q 2021 2022 2023 2024 2023 2024 Note: Variations in
Slide 25: Order Intake | 2Q 2024
ORDER INTAKE | 2Q 2024 2 573 Buildings & Properties Energy & Industry Mobility & Transportation Water & Environment 1 847 1 559 1 572 1 531 1 467 1 431 NOK million 1 349 1 224 1 142 1 080 945 749 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2021 2022 2023 2024 Strømsø Park, Drammen Illustration: LINK Arki
Slide 26: Financial Highlights, Segments
FINANCIAL HIGHLIGHTS, SEGMENTS Region Oslo Region Norway Architecture International Net Operating Revenues Net Operating Revenues Net Operating Revenues Net Operating Revenues Net operating revenues Net operating revenues Net operating revenues Net operating revenues 800 800 250 +39.4% 120 +28.7% 70
Slide 27: Thank you for your attention
THANK YOU FOR YOUR ATTENTION Investor relations in Multiconsult ASA E-mail: IR@multiconsult.no Web: multiconsult-ir.com
Slide 28: Multiconsult
Multiconsult