Green Landscaping Group Ab · OMXSTO:GREEN

Green Landscaping Group Ab — Q1 2023 Earnings Presentation

18 slides from Green Landscaping Group Ab's earnings presentation, May 11, 2023

  1. Slide 1: Q1 Report January – March 2023

    Q1 Report January – March 2023 11 May 2023 Page 1

  2. Slide 2: Green Landscaping Group - a home for entrepreneurs

    Green Landscaping Group - a home for entrepreneurs  A leading company in the landscaping service industry  The leading consolidator in Europe  Business model based on trust and local accountability to promote agility  Focus on strong local presence and identity  Net sales of SEK 5.2 billion las

  3. Slide 3: Summary Q1 2023

    Summary Q1 2023  Continued successful development in an attractive market  Net sales increased by 43% to SEK 1,250 (876) million  Organic growth of 12%  Acquisitions contributed by +33%  EBITA increased by 41% and amounted to SEK 86 million (61)  EBITA-margin of 6.9% (7.0) in the quarter  Sea

  4. Slide 4: Strong growth in the quarter, and over time

    Strong growth in the quarter, and over time Strong growth in the quarter Strong long-term growth  Net sales Q1 43%  Net sales last 12 months 53%  Organic growth 12%  Organic growth 11%  Acquired growth 33%  Acquired growth 44% Page 4

  5. Slide 5: Order backlog increased to SEK 8.1 billion

    Order backlog increased to SEK 8.1 billion Growth of 41% compared with Q1 2022 Increase attributable to acquisitions and new contracts. High retention rate. Majority of order book consists of contracts with public sector customers Page 5

  6. Slide 6: Steady increase of EBITA and EBITA-margin

    Steady increase of EBITA and EBITA-margin Strong growth in the quarter, +41% Steady growth over time  Existing businesses increased EBITA by 11% (rolling 12 months)  Acquired companies contributed with 34%  EBITA growing consistently  EBITA margin at 8.3% Page 6

  7. Slide 7: Sweden

    Sweden 56% Share of net sales 61% Share of EBITA  Net sales SEK 703 (597) million, +18%  Organic growth contributed 9%  Acquisitions contributed 9%  EBITA SEK 57 (43) million, +33%  EBITA-margin 8.1% (7.2) Net organic sales was positively impacted by good demand and indexation of prices. Snowfa

  8. Slide 8: Norway

    Norway 40% Share of net sales 39% Share of EBITA  Net sales SEK 500 (270) million, +85%  Organic growth contributed 20%  Acquisitions contributed 71%  Changed exchanged rates contributed -6%  EBITA SEK 37 (37) million, 0%  EBITA-margin 7.4% (13.5) High organic growth was attributable to both i

  9. Slide 9: Finland and Baltic

    Finland and Baltic 4% Share of net sales 0% Share of EBITA  Net sales SEK 47 (10) million, +354%  Organic growth contributed 10%  Acquisitions contributed 338%  Changed exchanged rates contributed 6%  EBITA SEK -5 (-4) million, -25%  EBITA-margin -9.8% (-42.9) The companies in Finland are land

  10. Slide 10: Financials

    Financials Page 10

  11. Slide 11: Strong development across the line Key financials Q1 2023

    Strong development across the line Key financials Q1 2023  Net sales increased significantly  EBITA increased and EBITA-margin on par Q1 Q1 FULL YEAR SEK million 2023 2022 2022  Record-strong cash flow NET SALES 1,250 876 4,810  Increased return on equity EBITA 86 61 407  Solid order backlog EB

  12. Slide 12: Cash flow

    Cash flow  Record-strong cash flow from operating activities, amounting to SEK 221 (148) million  EBITA contributed positively  Change in working capital had a significant effect resulting from lower accounts receivable  Cash and cash equivalents at the end of the period amounted to SEK 581 (332

  13. Slide 13: Cash Flow Bridge

    Cash Flow Bridge Strong contribution from lower NWC Page 13

  14. Slide 14: Financial leverage

    Financial leverage  Financial leverage amounted to 2.2X (2.3X)  Level below financial target  Strong generation of cash flow from operating activities Page 14

  15. Slide 15: Loan maturity profile

    Loan maturity profile  New loan facility with SEK amounting to SEK 500 million, with possibility to expand*  Total maturities amounting to about SEK 1,800 million  No maturities until 2025, one year extension optional  Only covenant being Net debt / EBITDA pro forma. Current level of 2.2 leaves

  16. Slide 16: Financial targets

    Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (% of NI) 10% 8% 2.5x 40% Approximately 40% of profit for the year shall be distributed as dividends to shareholders. The Sales shall, on average, Net debt in relation to EBITDA EBITA margin shall dividend proposal shall take into g

  17. Slide 17: Summary Q1 2023

    Summary Q1 2023  Continued successful development in an attractive market  Net sales increased by 43% to SEK 1,250 (876) million  Organic growth of 12%  Acquisitions contributed by +33%  EBITA increased by 41% and amounted to SEK 86 million (61)  EBITA-margin of 6.9% (7.0) in the quarter  Sea

  18. Slide 18: Page 18

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