Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q3 2019 Earnings Presentation
20 slides from Green Landscaping Group Ab's earnings presentation, Nov 6, 2019
Slide 1: Green Landscaping Group Third Quarter 2019
Green Landscaping Group Third Quarter 2019 November 6, 2019 Page 1
Slide 2: Today’s presenters
Today’s presenters Started as CEO of Green Landscaping in 2015. Johan Nordström Johan has previously been Chairman of the Board and President of CEO Car-O-Liner Production AB and Car-O-Liner Group AB. Studied economics at Lund University and the University of Gothenburg and holds an MBA from C
Slide 3: Summary third quarter 2019
Summary third quarter 2019 Growth and profitability according to expectation Focus on delivering services with promised quality rather than realizing further synergies The announcement of the acquisition of HD Landscape Intensified focus on mergers and acquisitions Positive cash flow from
Slide 4: Our vision is to create a green city for all
Our vision is to create a green city for all through entrepreneurship, social responsibility and sustainable business Page 4
Slide 5: Our vision put into practice
Our vision put into practice A green city for all: Green areas are crucial for the well-being in cities Entrepreneurship: Strong local market leadership with every unit running its own day-to-day operations Social responsibility: A passion for the environment that is visible to the eye, and en
Slide 6: The #1 landscaping service provider in Sweden
The #1 landscaping service provider in Sweden Green Landscaping in brief Our service offering 19 units distributed over 5 geographic segments Ground Maintenance & Landscaping Populous and diversified contract portfolio Marketing leading profitability Maintenance services for parks, Surface
Slide 7: Who we are
Who Making cities enjoyable and green Long customer relationships we are An organization based on local business and accountability A culture based on quality Always creating customer benefits Page 7
Slide 8: Third Quarter 2019
Third Quarter 2019 Page 8
Slide 9: Highlights third quarter 2019
Highlights third quarter 2019 Development Financials Q3 Growth and profitability according to plan Net sales Net sales growth YTD growth of 84,5%, whereof 5,4 ppc organic 492.0 84.2 YTD Adj. EBITA of 4,4% (4,5%) SEKm % Adjusted EBITA Adjusted EBITA margin Announcement of acquisition of HD La
Slide 10: Financial development
Financial development Strong growth of 84% YTD, margin intact One major acquisition and several ‘sweetspot’ ones during last two years Cash flow stronger than last year, + c. 35 mkr Turnaround of region East - strategy reversed (decentralization) Acquisition of HD Landscape (signed). Closi
Slide 11: Segment development
Segment development SALES PER SEGMENT (%) Continued high growth in all segments, mainly driven by acquisitions 7 16 Region South Market conditions remain favorable 30 Region West Region Mid Overall lower margin within the segments Region East compared to last year due to the acquisition of Reg
Slide 12: Financials
Financials Page 12
Slide 13: Key P&L items
Key P&L items P&L Sales and profitability development NET SALES (SEKm) SEKm Q3 2019 Q3 2018 600 2 000 524,5 Net sales 492.0 267.1 461,2 492 500 1 500 Adjusted EBITA 28.8 14.3 375 Quarterly sales 400 Sales LTM 309,3 300 264,2 267,1 1 000 Result after financial items 16.2 9.0 224,6 228,8 200 500 100 A
Slide 14: Balance sheet
Balance sheet Balance sheet SEKm 30 Sep 2019 30 Sep 2018 Net debt SEK 665.6 million Total non-current assets 867.8 285.6 (of which 109.5 million due to IFRS 16) Total current assets 479.8 308.5 Cash and available facility of SEK 97.5 Total assets 1347.6 594.1 million Total equity 220.2 207.6 W
Slide 15: Working capital 3,5 ppc lower than last year
Working capital 3,5 ppc lower than last year Adjusted working capital LTM 70 7% 60 6% 50 5% Adjusted working capital % of LTM sales Adjusted working capita (SEKm) 40 4% 30 3% 20 2% 10 1% 0 0% 1712 1803 1806 1809 1812 1903 1906 1909 -10 -1% -20 -2% Adjusted working capital (SEKm) Adjusted working cap
Slide 16: Cash flow
Cash flow Cash flow SEKm Q3 2019 Q3 2018 YTD YTD Change in Group structure compared to the same 2019 2018 period last year Cash flow from 65.1 14.3 109.5 27.5 operating activities IFRS 16 impact of SEK 35.3 million (YTD) before changes in IFRS 16 has a positive effect on the operating cashflow
Slide 17: Financial targets
Financial targets Financial targets Growth ► Target: Sales growth on average by 10% per year (including both organic and acquisitions). 10% ► Status: 84.5% YTD. Exceeding target per YTD. EBITA margin ► Target: Achieving an EBITA margin of 8%. 8% ► Status: Adjusted EBITA margin 5.9% (5.1%) in the qua
Slide 18: Summary
Summary Page 18
Slide 19: Summary third quarter 2019
Summary third quarter 2019 Growth and profitability according to expectation Focus on delivering services with promised quality rather than realizing further synergies The announcement of the acquisition of HD Landscape Intensified focus on mergers and acquisitions Positive cash flow from
Slide 20: Page 20
Green landscaping group
Green Landscaping Group — Q3 2019 Earnings Presentation on 6ix