Scandic Hotels Group Ab · OMXSTO:SHOT
Scandic Hotels Group Ab — Q2 2025 Earnings Presentation
28 slides from Scandic Hotels Group Ab's earnings presentation, Jul 15, 2025
Slide 1: Q2 Report, July 15, 2025
Scandic Q2 REPORT July 15, 2025 Scandic Your friend fews
Slide 2: Today's Agenda
Scandic TODAY’S AGENDA 1. Q2 REPORT 2025 2. OPPORTUNITY TO ACQUIRE DALATA’S HOTEL OPERATIONS 3. CONCLUDING REMARKS 4. Q&A
Slide 3: Q2 Report 2025
Scandic 1. Q2 REPORT 2025
Slide 4: Q2 highlights: organic growth, solid results and strong cash flow
Q2 REPORT 2025 • Increased organic growth, solid results and strong cash flow • Overall positive market development • High pace within portfolio and commercial development • Strong booking situation for the third quarter 4
Slide 5: Adjusted EBITDA of 723 MSEK, margin 12.5%
Q2 REPORT 2025 ADJUSTED EBITDA PER QUARTER 2022-2025, MSEK 1,400 • Adjusted EBITDA of 723 (841) MSEK, 1,200 corresponding to a margin of 12.5% (14.3) 1,000 800 • Lower than last year mainly due to calendar- 600 and currency effects, and one-offs in Q2 2024 400 • High efficiency and good cost control
Slide 6: Market occupancy
Q2 REPORT 2025 MARKET OCCUPANCY SWEDEN NORWAY 75% 75% 68% 65% 70% 69% 65% 58% 56% 57% 59% 52% Apr-24 May-24 Jun-24 Apr-25 May-25 Jun-25 Apr-24 May-24 Jun-24 Apr-25 May-25 Jun-25 FINLAND DENMARK 75% 79% 77% 81% 65% 68% 67% 66% 56% 60% 53% 51% Apr-24 May-24 Jun-24 Apr-25 May-25 Jun-25 Apr-24 May-24 Ju
Slide 7: Market average room rates
20 40 60 80 0 100 120 140 160 180 Jan 2020 Feb 2020 Mar 2020 Q2 REPORT 2025 Apr 2020 May 2020 Jun 2020 Jul 2020 Source: Benchmarking Alliance. Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Sweden MARKET AVERAGE ROOM RATES Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 Aug 2021 INDEXED
Slide 8: Market RevPAR
20 40 60 80 0 100 120 140 160 180 Jan 2020 Feb 2020 Mar 2020 Q2 REPORT 2025 Apr 2020 May 2020 Jun 2020 Jul 2020 MARKET REVPAR Source: Benchmarking Alliance. Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Sweden Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 Aug 2021 INDEXED TO CORRESPO
Slide 9: Hotel pipeline as of June 30, 2025
Q2 REPORT 2025 As of June 30, 2025 No. of Year Hotel Destination rooms Q4 2025 Scandic Stuttgart Stuttgart, Germany New 174 Q1 2026 Scandic Go, Oulu Oulu, Finland New 144 2026 Scandic Go, Gothenburg Gothenburg, Sweden New 176 2026 Scandic Go, Umeå Umeå, Sweden New 100 H1 2026 Scandic Go, Helsingborg
Slide 10: Q2 Report 2025 hotel images
Q2 REPORT 2025 Scandic Sälen, Sweden Scandic Go Turku, Finland Scandic Uppsala, Sweden Scandic Hamburg, Germany 10
Slide 11: The Dock 39°69 by Scandic
Q2 REPORT 2025 The Dock 39°69 by Scandic • 305 rooms • Nordic Swan Ecolabel and BREEAM Excellent certification • Scandic’s 6th signature hotel 11
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Slide 13: Net sales and adjusted EBITDA by segment
Q2 REPORT 2025 • Net sales slightly below last year Net sales Adjusted Adjusted EBITDA EBITDA margin ‒ Negative FX effects of -193 MSEK (-3.3%) Q2 Q2 Q2 Q2 Q2 Q2 ‒ Organic growth of 2.0% (LFL 1.3%) MSEK 2025 2024 2025 2024 2025 2024 Sweden 1,810 1,755 283 288 15.6% 16.4% • Results impacted by calend
Slide 14: Free cash flow and operational cash flow
Q2 REPORT 2025 • Operational cash flow of 2,320 MSEK LTM Free cash flow per quarter and LTM, MSEK Free cash flow Cash flow from operations LTM • Investments in line with plan 2,500 2,320 • Strong free cash flow of 710 MSEK (463) 2,034 1,966 2,015 2,000 1,856 1,500 1,000 500 0 -500 -1,000 Q2 2024 Q3
Slide 15: Net debt and net debt to adjusted EBITDA
Q2 REPORT 2025 • Net debt of 660 MSEK (1,658) Net debt to adjusted EBITDA LTM • Net debt to adjusted EBITDA of 0.3x (0.7x) 0.7x 0.4x 0.3x 0.1x 0.0x Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 15
Slide 16: Opportunity to acquire Dalata's hotel operations
Scandic 2. OPPORTUNITY TO ACQUIRE DALATA’S HOTEL OPERATIONS
Slide 17: Committed to existing strategy; acquisition adds growth platform
• Scandic is committed to its existing strategy and targets – Clear 2030 strategy: strengthen Nordic leadership and selective expansion in Germany – 2025-2027 targets focused on profitable growth, balanced risk and shareholder returns – Disciplined capital allocation driving growth, financial stabil
Slide 18: Transaction overview and illustrative structure
Transaction overview Illustrative transaction structure • Pandox and Eiendomsspar (the “Consortium”) have announced a public offer to acquire all shares in Dalata. Scandic has entered into a framework agreement with the Consortium with the intention to acquire the carved-out hotel operations of Dala
Slide 19: Value creating opportunity to add a growth platform
Scandic VALUE CREATING OPPORTUNITY TO ADD A GROWTH PLATFORM IN NEW AND ATTRACTIVE MARKETS @ DALATA HAS A PROVEN TRACK RECORD AND IS A STRONG FIT FOR SCANDIC 2 ATTRACTIVE MARKET FUNDAMENTALS IN IRELAND AND THE UK 3 VALUE CREATING CAPITAL ALLOCATION
Slide 20: Dalata is a well-run multi-brand hotel operator
Dalata is a well-run multi-brand hotel operator Leading presence in Ireland with an established position in the UK • Dalata Hotel Group is a multi-brand operator with a leading position in Boutique Hotels Ireland and an established presence in the UK • Mainly operating in the mid-market segment thro
Slide 21: Proven track record of growth and profitability
Proven track record of growth and profitability Good hotel-related KPI’s Revenue, EURm ARR, EUR and Occupancy, % 82.6% 80.0% 79.6% +8.7% 75.8% 608 652 516 135 143 146 429 113 2019 2022 2023 2024 2019 2022 2023 2024 Operating profit, EURm / % RevPAR, EUR +4.6% 30.2% 115 116 28.0% 25.7% 102 24.3% 93 1
Slide 22: Occupancy, ARR and RevPAR by market
Occupancy, % ARR, SEK RevPAR, SEK 100 3,200 2,800 3,000 90 2,600 2,800 2,400 80 2,600 2,200 70 2,400 2,000 2,200 1,800 60 2,000 1,600 50 1,800 1,400 1,600 1,200 40 1,400 1,000 30 1,200 800 20 1,000 600 800 400 10 600 200 0 400 0 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 May-26 Jan-19 Jan-20 J
Slide 23: Expected EPS accretion and leverage
The acquisition is expected Expected acquisition Leverage is expected to Scandic will continue to to be EPS accretive from EV/Adjusted EBITDA temporarily exceed the deliver according to the completion, with additional multiple anticipated to be current target, but net debt existing 2030 strategy and
Slide 24: Transaction timeline
Date Event 15 July 2025 Recommended cash offer (scheme) announced 15 July 2025 Scandic Q2 2025 report Q3 2025 Scheme document distributed to Dalata shareholders Q3 2025 Resolution on scheme by Dalata shareholder meeting Q4 2025 Scheme becomes effective and consortium acquires Dalata Q4 2025 De-listi
Slide 25: Concluding Remarks
3. CONCLUDING REMARKS
Slide 26: Concluding remarks and outlook
Q4 REPORT 2024 • Organic growth with strong cash flow in the second quarter. Results are on solid levels, with year-on-year development primarily impacted by calendar and currency effects • High pace within portfolio and commercial development • Outlook – The booking situation ahead of the third qua
Slide 27: Q&A
Scandic Q&A
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