Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q2 2025 Earnings Presentation
22 slides from Nordisk Bergteknik Ab Class B's earnings presentation, Aug 13, 2025
Slide 1: Nordisk Bergteknik Q2
August 13, 2025 Nordisk Bergteknik Q2
Slide 2: Table of contents
Table of contents Nordisk Bergteknik at a glance Financial targets and strategy to get there This is Nordisk Bergteknik Predicted continued growth Diversified project portfolio to lower risks Financial targets and dividend policy Operational synergies lead to attractive offering and high entry barri
Slide 3: This is Nordisk Bergteknik
This is Nordisk Bergteknik Was there a better way of building modern, sustainable SECTORS societies? We believed so. We also considered that a more Infrastructure, energy, real estate, mining consolidated market for rock and foundation solutions was part of the answer. So, in 2016, Nordisk Bergtekni
Slide 4: Leading the market in rock and foundation solutions
Leading the market in rock and foundation solutions 109m 1,168 FOUNDED IN 2016 SEK ADJ. EBIT Q2 2025 LTM # OF EMPLOYEES SEK 3,397m 3.2% 18 SALES Q2 2025 LTM ADJ. EBIT MARGIN Q2 2025 LTM OPERATING SUBSIDIARIES
Slide 5: Areas for our services and solutions
Areas for our services and solutions Rock Rock and concrete Drilling Rock excavation Prospecting, excavation and Excavation of rock, mainly reinforcement reinforcement through blasting Maintenance of rock and concrete constructions Foundation Foundation Foundation work Sheet piling Ensuring a stable
Slide 6: Attractive business mix
Attractive business mix REVENUE BY SEGMENT, LTM Q2 2025 EBIT PER SEGMENT, LTM Q2 2025 24% 0% 51% Rock Rock Rock Norway Sweden Norway 99% 1% Rock Sweden Foundation Sweden 25% Foundation Sweden
Slide 7: Diversified project portfolio lowers the risk level
Diversified project portfolio lowers the risk level High revenue diversification and few projects with fixed price Few large projects spread Mining and prospect Direct exposure to No. of projects yearly over several years account drilling becoming an construction of new to less than increased part o
Slide 8: Operational synergies lead to attractive offering and barriers to entry
Operational synergies lead to attractive offering and barriers to entry Synergies Barriers to entry • Knowledge sharing • Economies of scale • Flexible resource and machine • Strong market position and allocation track record • Centralised sourcing of raw • Highly experienced employees materials and
Slide 9: Interim Report Q2
Interim Report Q2 The market is developing in a positive direction
Slide 10: Financial performance (1/2)
Financial performance (1/2) 920 20,0% 907 910 April - June 900 890 • Net sales increased by 2% and amounted to SEK 873.9 (858.1) million 880 874 • Organic growth amounted to 3 (-6) % 870 8.2% 858 • Adjusted EBIT amounted to SEK 38.0 (48.1) million. Adjusted EBIT 860 5.6% 850 4.4% margin amounted to
Slide 11: Financial performance (2/2)
Financial performance (2/2) Financials 108 • Adjusted cash flow from operating activities 101 amounted to SEK 101m (36) during Q2. The increase compared to the previous year is mainly due to a decrease in capital tied up during 36 the quarter, especially in accounts receivable and Q1 2025 ongoing pr
Slide 12: Performance per segment – Rock Sweden
Performance per segment – Rock Sweden SEKm 500 453 474 449 421 429 406 379 400 356 • The segment’s organic growth for the period 300 amounted to 6%. The growth is mainly explained by a higher demand during the quarter 200 compared to the previous year. 100 • The weaker EBIT margin is primarily attri
Slide 13: Performance per segment – Rock Norway
Performance per segment – Rock Norway SEKm 350 292 300 243 231 250 215 216 224 • Market activity in the segment remained low 200 during the quarter but has recovered somewhat 164 157 150 compared to the previous year. Organic growth 100 amounted to 9%. 50 • The lower market activity results in high
Slide 14: Performance per segment – Foundation Sweden
Performance per segment – Foundation Sweden SEKm 300 241 250 224 228 194 182 189 • The external net sales during the second quarter 200 172 176 decreased by 9% and the organic growth 150 amounted to -9%. The challenging market with 100 reduced housing construction and fewer project 50 starts in loca
Slide 15: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT 25% -4% -7% 3% 3 526 493 485 244 SEKm 3 402 3 305 3 397 SEKm SEKm 451 434 25% 281 134 173 1 918 122 109 7.0% 7.2% 14.6% 14.5% 13.7% 13.6% 12.8% 4.9% 3.7% 3.2% 2021 2022 2023 2024 2025 Q2 2021 20
Slide 16: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) • Net debt amounts to SEK 1,502m (1,600). 3,5 3,6 3,6 3,5 3,5 3,2 3,2 3,2 • Machine loans amounts to SEK 458m and lease liabilities to SEK 268m. 2,5 • Debt ratio (net debt/EBITDA LTM) amounts to 3.5x (3.6). • Cash and cash equivalents amounts to SEK
Slide 17: Nordisk Bergteknik's environment
Nordisk Bergteknik’s environment • Continued strong demand for our services in infrastructure, mining/prospect drilling, operation and maintenance services as well as material handling services. Current trading • There is a significant underlying need for new infrastructure investments and probably
Slide 18: Strategy and financial targets
Strategy and financial targets
Slide 19: Predicted continued growth (1/2)
Predicted continued growth (1/2) 3 GEOGRAPHICAL EXPANSION Future • Add additional steps in value chain to offering • Both backward and forward integration is possible 1 4 EXECUTE ON EXPLOIT EXISTING M&A CURRENT PIPELINE CAPABILITIES • Continued M&A journey • Unique collaborations through disciplined
Slide 20: Predicted continued growth (2/2)
Predicted continued growth (2/2) Future Successful operations in a niche market • Limited competition in a niche market with high barriers to entry since operations requires a high level of expertise, specialized 4 EXECUTE ON EXISTING M&A PIPELINE equipment and machine capacity • Additional upside w
Slide 21: Financial targets and dividend policy
Financial targets and dividend policy 40% Dividend 15% policy Growth 7% Profitability <2,5x Capital structure Achieve annual net sales growth of The Group targets an adjusted The net debt in relation to adjusted Nordisk Bergteknik aims to distribute 40 more than 15 percent over a business EBIT-margi
Slide 22: Nordisk Bergteknik
NORDISK BERGTEKNIK