Slide 1: Etteplan Q1 2023: Exceptional items burdened the good result
Etteplan Q1 2023: Juha Näkki Juha Näkki President and CEO Toimitusjohtaja Exceptional items May 11, 2023 17.2.2023 burdened the good Espoo, Finland Espoo result Public 1
Slide 2: Contents of the Q1 2023 presentation
Contents of the Q1 2023 presentation • Highlights • Operating environment • Financial development • Service areas • Etteplan’s targets • Q&A Public 2
Slide 3: Highlights Q1 2023
Highlights Q1 2023 + Our revenue grew by 8.0 % to EUR 95.0 million at comparable exchange rates. + Profitability excluding exceptional items was at target level. + The demand for delivery projects and plant engineering projects remained at a good level. + Engineering Solutions service area’s perform
Slide 4: Operating environment in Q1 2023
Operating environment in Q1 2023 Development in main markets: • Russia’s invasion of Ukraine and the subsequent elevation in geopolitical The geopolitical tensions caused by Russia’s tensions have increased uncertainty invasion of Ukraine have increased globally. uncertainty and accelerated inflatio
Slide 5: Revenue and operating profit (EBITA)
Revenue and operating profit (EBITA) 95.0 89.6 9.0 7.6 6.0 % -8.5 % Organic growth 4.9% Engineering Solutions Software and Embedded Solutions Technical Communication Solutions Public 5
Slide 6: Revenue and personnel
Revenue and personnel Revenue by Revenue by area Personnel by area service area 1-3/2023 March 31, 2023 1-3/2023 Engineering Solutions 54% (52%) Finland 51% (53%) Finland 50% (52%) Scandinavia 25% (25%) Scandinavia 18% (17%) Software and Embedded Solutions 26% (28%) Central Europe 21% (19%) Central
Slide 7: Revenue by customer segment
Revenue by customer segment 0% 4% 8% 12% 16% 20% 1-3/2023 Industrial Machinery and Equipment 17% (19%) Forest, Pulp and Paper 12% (12%) Energy 12% (11%) Automotive and Transportation 11% (9%) Mining 9% (9%) Lifting and Hoisting 6% (8%) Chemical 6% (4%) Medical Technology 5% (5%) ICT 4% (7%) Aerospac
Slide 8: Financial development Q1 2023
Financial development Q1 2023 Public 8
Slide 9: Key Figures
Key Figures M€ 1-3/2023 1-3/2022 Change % 1-12/2022 Revenue 95.0 89.6 6.0 350.2 Revenue from outside Finland 46.5 42.2 10.1 169.1 Operating profit (EBITA) 7.6 9.0 -15.4 33.9 EBITA, % 8.0 10.0 9.7 Operating profit (EBIT) 6.3 7.6 -17.9 28.6 EBIT, % 6.6 8.5 8.2 Basic earnings per share, EUR 0.17 0.23 -
Slide 10: Revenue
Revenue Q1 2023 95.0 M€ (89.6) +6.0% At comparable exchange rates +8.0% Organic +4.9% At comparable exchange rates +6.9% Growth continued despite the slightly softer market situation compared to the end of the previous year. Revenue from key accounts increased by 1.2% in Q1. Public 10
Slide 11: EBITA
EBITA Q1 2023 7.6 M€, 8.0% (9.0 M€, 10.0%) -15.4% Exceptional items -2.0 M€ (-0.3) The result was burdened by significant exceptional items consisting of non- recurring items -0.9 M€ and one-time salary payment of -1.1 M€ defined in the collective labor agreement in Finland. Without the exceptional
Slide 12: EBIT
EBIT Q1 2023 6.3 M€, 6.6% (7.6 M€, 8.5%) -17.9% Exceptional items -2.0 M€ (-0.3) Amortization related to acquisitions 1.3 M€ (1.3) Public 12
Slide 13: Earnings per share and dividend
Earnings per share and dividend Earnings per share Q1 2023: 0.17€ (0.23) -26.1% Q4 0.26 Q4 0.3 Public 13
Slide 14: Cash flow
Cash flow Operating cash flow 1-3/2023: 7.2 M€ (8.6) Exceptional items impacted operating cash flow. Cash flow accrues unevenly over the four quarters of the year due to periodic fluctuation in business. Public 14
Slide 15: Personnel
Personnel At the end of the period 3,949 (3,877) +1.9% Average 3,937 (3,858) Finland Scandinavia Central Europe China 3,949 4 000 3 500 3 000 Compared to the end of March 2022, the number of personnel increased by 1.9%. 2 500 At the end of the review period, 1,966 2 000 (March 31, 2022: 1,865) peopl
Slide 16: Service areas Q1 2023
Service areas Q1 2023 Public 16
Slide 17: Engineering Solutions
Engineering Solutions Q1 2023 Revenue 51.7 M€ (46.7) +10.7% EBITA 4.9 M€, 9.5% (4.9 M€, 10.6%) Personnel 2,152 (2,088) at the end of the period The demand for delivery projects and plant engineering projects remained at a good level. Excellent operation efficiency and price increases at the beginnin
Slide 18: Software and Embedded Solutions
Software and Embedded Solutions Q1 2023 Revenue 23.9 M€ (24.6) -3.0% EBITA 1.6 M€, 6.8% (2.3 M€, 9.5%) Personnel 761 (778) at the end of the period In the uncertain market situation, customers were more cautious, and system and product development investments were slower to start, which had an impac
Slide 19: Technical Communication Solutions
Technical Communication Solutions Q1 2023 Revenue 19.2 M€ (18.1) +6.0% EBITA 1.2 M€, 6.1% (1.8 M€, 10.1%) Personnel 875 (878) at the end of the period Demand situation remained good. Operational efficiency was at a fairly good level. Exceptional items -0.7 M€, related mainly to management reorganiza
Slide 20: Financial guidance for 2023 and Etteplan's targets
Financial guidance for 2023 and Etteplan’s targets Public 20
Slide 21: Financial guidance 2023
Financial guidance 2023 Market outlook The most important factor affecting Etteplan’s business is the global development of the machinery and metal industry. The war started Etteplan keeps its guidance for by Russia in Ukraine and the subsequent revenue and operating profit (EBIT) elevation in geopo
Slide 22: Financial targets 2023-2024
Financial targets 2023-2024 Revenue 55% 75% >10% >EUR 500 Revenue Managed Operating million outside Services share profit Finland of Revenue (EBITA) Rolling 12 months: EUR 356 million 1-3/2023: 49% 1-3/2023: 66% 1-3/2023: 8.0% Public 22
Slide 23: Questions?
Questions? » » BE s Etteplan Public
Slide 24: Revenue and EBIT 2000-Q1/2023
Revenue and EBIT 2000-Q1/2023 M€ Revenue Operating profit (EBIT) M€ 400 35 350 30 300 25 250 20 200 15 150 10 100 5 50 0 0 -5 *Includes continued and discontinued operations Public 24
Slide 25: Investor relations contacts
Investor relations contacts Outi Torniainen Juha Näkki SVP, Marketing and President and CEO Communications Tel. +358 10 307 2077 Tel. +358 10 307 3302 Helena Kukkonen CFO Tel. +358 10 307 2003 Public 25
Slide 26: Public
x Etteplan Public