Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q3 2025 Earnings Presentation
22 slides from Nordisk Bergteknik Ab Class B's earnings presentation, Nov 4, 2025
Slide 1: Nordisk Bergteknik Q3
November 4, 2025 Nordisk Bergteknik Q3
Slide 2: Table of contents
Table of contents Nordisk Bergteknik at a glance Financial targets and strategy to get there Nordisk Bergteknik at a glance Financial targets and strategy to get there This is Nordisk Bergteknik This is Nordisk Bergteknik Predicted continued growth Caret Right with solid fill Predicted continued gro
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 122,4m 1,152 FOUNDED IN 2016 SEK ADJ. EBIT Q3 2025 LTM # OF EMPLOYEES SEK 3,436m 3.6% 18 SALES Q3 2025 LTM ADJ. EBIT MARGIN Q3 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 Q3 2025 EBIT PER SEGMENT, LTM Q3 2025 24% 51% Rock Rock Norway Sweden 88% 6% Foundation Rock Sweden Sweden 25% Foundation Sweden 6% Rock Norway
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 Q3
Interim Report Q3 Continued organic growth driven by strong development in the Norwegian market
Slide 10: Financial performance (1/2)
Financial performance (1/2) 850 20,0% 838 840 Jul - Sep 830 820 • Net sales increased by 5% and amounted to SEK 838.0 (798.9) million 820 810 • Organic growth amounted to 6 (-2) %. 799 800 • Adjusted EBIT amounted to SEK 30.2 (16.5) million. Adjusted EBIT 790 margin amounted to 3.6 (2.1) %. 780 3.6%
Slide 11: Financial performance (2/2)
Financial performance (2/2) Financials • Cash flow from operating activities amounted to 64 SEK −7.5 (62.7) million during the third quarter. Working capital increased during the quarter due to the start-up of several new projects. -5 • Net debt/adjusted EBITDA amounted to 3.5x (3.6). • Cash and cas
Slide 12: Performance per segment – Rock Sweden
Performance per segment – Rock Sweden SEKm 500 453 474 449 421 429 406 392 379 400 • The segment’s organic growth for the period 300 amounted to 4%. The growth is explained by continued high demand for the segment’s 200 services during the quarter, not least within the 100 mining industry and infras
Slide 13: Performance per segment – Rock Norway
Performance per segment – Rock Norway SEKm 300 266 243 231 250 215 216 224 • Market activity within the segment has risen and 200 164 157 organic growth amounted to 20%. 150 • EBIT has increased as a result of improved demand 100 and the restructurings that have been carried out 50 and amounted to S
Slide 14: Performance per segment – Foundation Sweden
Performance per segment – Foundation Sweden SEKm 300 241 250 224 228 194 189 • External net sales in the third quarter decreased 200 182 176 181 by 5% and amounted to SEK 180.6 (189.4) 150 million. Organic growth amounted to −5%. 100 Despite a persistently challenging market with 50 lower constructi
Slide 15: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT 25% -4% -7% 6% 3 526 493 485 244 SEKm 3 402 3 436 SEKm SEKm 3 305 451 443 25% 281 134 173 1 918 122 122 7.0% 7.2% 14.6% 14.5% 13.7% 13.6% 12.9% 4.9% 3.7% 3.6% 2021 2022 2023 2024 2025 Q3 2021 20
Slide 16: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) • Net debt amounts to SEK 1,536m (1,578). 3,5 3,6 3,6 3,5 3,5 3,5 3,2 3,2 • Machine loans amounts to SEK 463m and lease liabilities to SEK 243m. 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
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