Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q3 2022 Earnings Presentation
12 slides from Nordisk Bergteknik Ab Class B's earnings presentation, November 2022
Slide 1: Nordisk Bergteknik Q3
Nordisk Bergteknik Q3 November 2022
Slide 2: A leading player within rock and foundation solutions
A LEADING PLAYER WITHIN ROCK AND FOUNDATION SOLUTIONS Nordisk Bergteknik at a glance Attractive business mix Figures refer to 2022 Q3 LTM Revenue by segment, Q1-Q3 2022 EBIT per segment, Q1-Q3 2022 SEK 3,016m SEK 211m 7.0% 29% Foundation 42% Rock 45% Foundation 36% Rock LTM sales Adj. LTM EBIT Adj.
Slide 3: Lower risk through diversification
LOWER RISK TROUGH DIVERSIFICATION High revenue diversification and few projects with fixed price The largest project accounts for Average project value amounts to ~1 500 ongoing projects less then 10% ~1 MSEK 3 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 4: Interim Report Q3
Interim Report Q3 Strong financial development and advanced market positions
Slide 5: Continued strong organic growth in Q3
CONTINUED STRONG ORGANIC GROWTH IN Q3 Comments 7.0% 7.8% 7.0% 7.0% July - September • Net sales grew by 75% to SEK 885m (505) 3,016 • Organic growth corresponded to 29% • Adjusted EBIT margin increased from 7.0% to 7.8% 1,918 Impact from acquisitions • Consolidation of five new acquisitions during t
Slide 6: Q3 characterised by growth across all divisions
Q3 CHARACTERISED BY GROWTH ACROSS ALL DIVISIONS Net sales, Q3 2022 EBIT, Q3 2022 Comments • All segments have experienced significant growth during the third quarter 33% 35% 39% • Rock Sweden’s organic growth of 16 %. 48% Profitability for Q3 has been positively impacted by several profitable projec
Slide 7: Strong financial profile with healthy growth and sustainable margins
STRONG FINANCIAL PROFILE WITH HEALTHY GROWTH AND SUSTAINABLE MARGINS Net sales development Adjusted EBITDA development Adjusted EBIT development SEKm SEKm SEKm 80,0% 3,016 431 211 70,0% 60,0% 1,918 281 50,0% 134 40,0% 1,008 30,0% 145 710 23 55 7.0% 7.0% 510 102 20,0% 43 6.0% 14.3% 14.4% 14.6% 14.3%
Slide 8: High rate of acquisitions
HIGH RATE OF ACQUISITIONS Acquisitions consolidated during Q3 2022 Consolidation date Annual sales Segment • TSB Borrentreprenad AB (”TSB”) 29 Aug 2022 SEK 49m Rock Sweden • The acquisition provides Nordisk Bergteknik with knowledge in directional drilling and increases the group's expertise and res
Slide 9: Recent development
RECENT DEVELOPMENT • Continued strong organic growth for the Group – high demand from a broad customer base. • Relatively healthy margins despite rising prices for fuel and other inputs. Current trading • Continuous and ongoing work to renegotiate indexes and cost increases in existing contracts. •
Slide 10: Strategy and Financial targets
Strategy and Financial targets
Slide 11: Nordisk Bergteknik is well positioned for further growth
GROWTH STRATEGY NORDISK BERGTEKNIK IS WELL POSITIONED FOR FURTHER GROWTH Comments 4 Successful operations in a niche market Execute on existing M&A • Limited competition in a niche market with high 3 pipeline barriers to entry since operations requires a high level of expertise, specialized equipmen
Slide 12: Financial targets
FINANCIAL TARGETS Achieve annual net sales growth of more than 15 percent over a GROWTH business cycle. The growth should be achieved through a combination 15% of organic growth and acquisitions Annual sales growth PROFITABILITY The Group targets an adjusted EBIT-margin of 7 percent in the medium te