Slide 1: 4th quarter and full year 2024
4 quarter and th full year 2024 CEO Anders Gustafsson CFO Åsgeir Nord
Slide 2: Summary from CEO
Summary from CEO Year of transformation and restart Leadership teams are strengthened New strategy launched Strong financial position and well equipped to support strategic initiatives and to navigating process with Bane NOR (ETM project) No agreement in ETM mediation in February. NRC maintains clai
Slide 3: High demand for infrastructure – continued robust tender pipeline
High demand for infrastructure – continued robust tender pipeline NOK 27 billion tender pipeline in Group1 Notes BNOK value, next 9 months (submission) Continued high tender pipeline across all countries Foundation for future profitable growth for NRC Group Governmental support to upgrade and build
Slide 4: Order backlog at NOK 8 billion
Order backlog at NOK 8 billion Backlog Order intake & Book-to-bill LTM Order backlog (total)¹ Order backlog execution¹ NOK million NOK million NOK million 1,2 8 200 8 195 7 982 7 971 2 582 7 795 7 766 4 337 1,0 6 940 1,0 1,0 1,0 1,0 1,0 1,0 6 765 6 613 3 775 3 634 0,9 2 024 1 817 0,8 3 152 0,8 1 566
Slide 5: Committed to providing a safe and secure workplace
Committed to providing a safe and secure workplace Health and safety LTI1 Sickness absence Serious injuries2 6,4 6,0 6,0 5,6 5,6 4,8 % 2 2 2 4,7 4,2 % 3,9 % 3,8 % 3,7 % 3,5 % 0 0 0 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 1. LTI: Injuries resulting in
Slide 6: Quarter according to expectations and previous annual guiding
Quarter according to expectations and previous annual guiding Key figures Q4 2024 Revenue EBIT adj. EBIT adj. margin NOK 1.7 billion NOK -2 million -0.1% Q4 2023: NOK 1.8 billion Q4 2023: NOK 24 million Q4 2024: 1.4% Order intake Operating cash flow Order backlog NOK 1.8 billion NOK 198 million NOK
Slide 7: High activity level, profitability aligned with guiding
High activity level, profitability aligned with guiding Profit & loss Revenue and EBIT adj. LTM (Amounts in NOK million) Q4 2024 Q4 2023 FY 2024 FY 2023 NOK million and percent Revenue 1 737 1 800 6 892 6 732 Operating expenses -1 686 -1 723 -6 790 -6 400 7 030 150 137 2,5 % 1 6 892 121 Depreciation
Slide 8: Norway: 2024 a turnaround year, will initiate legal proceedings regarding ETM
Norway 2024 a turnaround year, will initiate legal proceedings regarding ETM Operational review NRC Group Norway Revenue and EBIT adj. LTM Order backlog (total) NOK million and percent NOK million 2 281 2 373 120 5,0 % 2 136 4,3 % 97 3,8 % 1 537 2 016 100 1 462 1 866 1 859 3,4 % 4,0 % 80 80 81 515 3
Slide 9: Sweden: Activity trending upwards, underlying margin recovery
Sweden Activity trending upwards, underlying margin recovery Operational review NRC Group Sweden Revenue and EBIT adj. LTM Order backlog (total)¹ NOK million and percent NOK million 10 0 2 933 2 122 2 873 2 080 0,0 % -10 0,0 % 1 777 1 877 -2,5 % -1,6 % -30 -2,0 % 1 539 1 468 -50 -4,0 % -33 1 542 -4,
Slide 10: Finland: Restructuration fuels profit improvement going forward
Finland Restructuration fuels profit improvement going forward Operational review NRC Group Finland Revenue and EBIT adj. LTM Order backlog (total)¹ NOK million and percent NOK million 7,1 % 2 811 188 3 636 2 753 2 782 200 2 640 2 582 180 7,0 % 5,6 % 2 388 160 5,0 % 145 6,0 % 141 2 470 140 4,1 % 5,0
Slide 11: Improved net working capital and cash effect – positive season effect
Improved net working capital and cash effect – positive season effect Cash flow and working capital Cash flow from operations Net working capital (NWC) Change in cash Q4 2024 NOK million NOK million NOK million 13 357 157 306 208 198 198 - 19 160 107 62 60 55 36 12 7 9 8 -48 -48 -49 -62 -126 -125 Q4
Slide 12: Net interest-bearing debt, maturity profile and leverage ratio
Net interest-bearing debt, maturity profile and leverage ratio Financial position Net interest-bearing debt (NIBD) Bank and bond maturities Leverage ratio: NIBD/EBITDA adj. LTM NOK million NOK million Ratio Long-term covenant target < 3.25x 7,8 404 6,1 5,1 622 400 400 -357 3,1 3,0 2,8 2,8 2,6 2,3 17
Slide 13: 2024 Summary: Financials and Operations
2024 Summary Financials Order intake increased by NOK 1 billion vs. 2023, tender pipeline for 2025 is promising Strong financial position and well-equipped to support strategic initiatives and to navigate process with Bane NOR regarding ETM project Bank and bond agreements re-negotiated Operations N
Slide 14: Guiding: Targets for long-term strategy reaffirmed
Guiding Targets for long-term strategy reaffirmed 2025 targets 2028 targets NOK ~7 billion >NOK 10 billion Revenue Revenue >2.0% >5.0% EBIT margin EBIT margin Linear improvement towards 2028
Slide 15: Questions
Questions