Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q4 2021 Earnings Presentation
19 slides from Green Landscaping Group Ab's earnings presentation, Feb 16, 2022
Slide 1: Q4 Report January – December 2021
Q4 Report January – December 2021 16 February 2022 Page 1
Slide 2: Key financials Q4 2021
Strong quarter with high growth in sales, EBITA and margin. Key financials Q4 2021 Sales amounted to SEK 957.3 (656.1) million, growth of 45.9%. Organic growth of 16.2% SEK million Q4 Q4 FY 2021 2020 2021 EBITA amounted to SEK 83.5 million (33.3). An SALES 957.3 656.1 3 181.5 improvement of 153%
Slide 3: Financial performance
Financial performance CAGR SALES (3y) CAGR EBITA (3y) 39% 135% Sales LTM EBITA LTM SEK 3 182m SEK 232 m [2020: 2 135] [2020: 101] Revenue, LTM, mkr EBITA, LTM, mkr 3 500 250 3 000 200 2 500 2 000 150 1 500 100 1 000 500 50 0 0 OMS LTM EBITA LTM Page 3
Slide 4: Strong growth driven by acquisitions
Strong growth driven by acquisitions Sales, growth (SEK million) Organic growth of 16.2% compared to last 1200 quarter Currency effects 1.3% 1000 +1.3% Acquisition growth 32.7% +32.7% 800 +16.2% 600 957,3 400 774,4 656,1 200 0 Q4-2020 Organic Acquisitions Currency Q4-2021 Page 4
Slide 5: Acquired companies in Q4 2021: Håkonsen og Sukke
Acquired companies in Q4 2021 Håkonsen og Sukke Landskapsentreprenør AS Founded in 2008 Operates west of the Oslo Fjord and headquarters in Tønsberg Provides landscaping and maintenance services Annual sales of NOK 170 million 90 employees Page 5
Slide 6: Acquired companies in Q4 2021: Hermansen Maskin
Acquired companies in Q4 2021 Hermansen Maskin AS Founded in 2006 Operates around Oslo Provides services within land development, landscaping and winter services Annual sales of NOK 75 million 20 employees Page 6
Slide 7: Acquired companies in Q4 2021: Viherpojat
Acquired companies in Q4 2021 Viherpojat Oy Founded in 1992 Operates in Helsinki area Provides landscaping services Annual sales of EUR 4 million 25 employees Page 7
Slide 8: Acquired companies in Q4 2021: Markbygg Anläggning Väst
Acquired companies in Q4 2021 Markbygg Anläggning Väst AB Founded in 2000 Operates in Västra Götaland, based in Uddevalla Provides excavation services Annual sales of SEK 280 million 60 employees Signed in December, closed January 2022 Page 8
Slide 9: Acquired companies in Q4 2021: Utemiljö Skellefteå
Acquired companies in Q4 2021 Utemiljö Skellefteå AB Founded in 2003 Operates in Skellefteå Provides landscaping and winter services Annual sales of SEK 15 million 6 employees Page 9
Slide 10: Winter and Christmas decorations
Winter and Christmas decorations Before Christmas, many of our subsidiaries are making our cities more attractive and atmospheric with decorations and winter lighting Many of our customers invest heavily in creating a holistic experience with vegetation in combination with various lighting insta
Slide 11: Development of residential areas
Development of residential areas Region Norway – Hermansen Maskin AS Hermansen Maskin AS has been awarded a development project of residential areas in Sande, Vestfold Scope: blasting, groundwork, infrastructure and mobile crushing Contract value: 20-75 million End customer: Bjørndalåsen Utv
Slide 12: Ground maintenance agreement
Ground maintenance agreement Region South – Green Landscaping Malmö AB Green Landscaping Malmö has been awarded a ground maintenance agreement for the municipal housing company in Vellinge Scope: ground maintenance of housing areas as well as winter services Contract value: SEK 3 million/year,
Slide 13: Rebuilding and extension of ash burial site Grycksbo church
Rebuilding and extension of ash burial site Grycksbo church Region North – Svensk Markservice Svealand AB Svensk Markservice Svealand has been awarded the contract for a rebuilding of burial site at Grycksbo church in Falu municipality Scope: rebuilding and extension of ash burial site, compleme
Slide 14: Order backlog increased by 16% to SEK 5.1 billion
Order backlog increased by 16% to SEK 5.1 billion No renewals or large new contracts in Q4 6 000 5 000 The order backlog is substantial 4 000 Growth of 16% compared with Q4 2020 3 000 2 000 Volume increase driven by acquisitions and high retention rate 1 000 - 2017 2018 2019 2020 2021 Page 14
Slide 15: Performance per segment
Performance per segment Sales per segment Strong growth in segments Mid, North and Region Mid, 27% Norway. Region Norway, 27% Region Stockholm, 17% Positive margin development in South, Region South, 16% Stockholm and Norway Region North, 11% Positive trend in region Stockholm two Region Finla
Slide 16: Financial position
Cash Flow from Operations, MSEK Financial position 101 104 Cash flow from operations of SEK 40.4 (100.5) million 63 Net Working Capital increased in Q4 impacted cash 42 49 flow by -40,7 MSEK (+47,7) as primarily accounts 37 receivables increased as a result of strong revenue 22 23 growth. 9 6
Slide 17: Financial targets
Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (% of NI) 10% 8% 2.5x 40% Approximately 40% of the years results to be distributed as Sales growth on average by 10% Net debt in relation to EBITDA Achieving an EBITA dividends, taking into account per year, including both organic s
Slide 18: Summary Q4
Summary Q4 Strong growth +46%, EBITA +153%, EPS +49% Sales CAGR of 39%, EBITA CAGR of 135% (3y) EBITA margin increased by 3.6 %-points to 8.7% 4 acquisitions with annual sales of SEK 300 million closed during period 2 acquisitions with annual sales of SEK 320 million closed after period Pa
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