Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q3 2022 Earnings Presentation
16 slides from Green Landscaping Group Ab's earnings presentation, Nov 17, 2022
Slide 1: Q3 Report January – September 2022
Q3 Report January – September 2022 17 November 2022 Page 1
Slide 2: High growth in sales and result – Key financials Q3 2022
High growth in sales and result Key financials Q3 2022 Sales grew by 54% to SEK 1 176 (761) million. Organic growth of 12% SEK million Q3 Q3 LTM 2022 2021 2022 EBITA amounted to SEK 89 million (69). An improvement SALES 1 176 766 4 121 of 31% EBITA margin was 7.6% (9.0) EBITA 89 69 325 EBITA
Slide 3: Financial performance
Financial performance CAGR SALES (3y) CAGR EBITA (3y) 31% 101% Sales LTM EBITA LTM SEK 4 121 m SEK 325 m (2021 Q3 LTM: 2 880) (2021 Q3 LTM: 181) Revenue, LTM, mkr EBITA, LTM, mkr 4 500 350 4 000 300 3 500 250 3 000 2 500 200 2 000 150 1 500 100 1 000 50 500 0 0 OMS LTM EBITA LTM Page 3
Slide 4: Financial performance
Financial performance Revenue and EBITA, LTM, MSEK 4 500 9,0% 4 000 8,0% 3 500 7,0% 3 000 6,0% Revenue, MSEK 2 500 5,0% Margin, % 2 000 4,0% 1 500 3,0% 1 000 2,0% 500 1,0% 0 0,0% Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Axeltitel Revenue, LTM EBITA, LTM EBI
Slide 5: Strong growth mainly driven by acquisitions
Strong growth mainly driven by acquisitions Sales, growth (SEK million) Organic growth of 12% compared to 1400 corresponding quarter last year (10% excluding currency effects). 1200 FX effects 2% +42% Acquisition growth 42% 1000 +2% 800 +10% 600 1 176 851 400 761 200 0 Q3-2021 Organic FX Acqui
Slide 6: Acquired companies in Q3 2022
Acquired companies in Q3 2022 Braathen Landskapsentreprenør AS Founded in 1968 Operates in Oslo region Offers services in landscaping, groundwork, infrastructure and maintenance of outdoor environments Annual sales of NOK 300 million 180 employees Page 6
Slide 7: Acquired companies in Q3 2022
Acquired companies in Q3 2022 Sorex Entreprenad AB Founded in 2015 Operates in Stockholm region Offers services in groundwork as well as water and sewage projects Annual sales of SEK 70 million Page 7
Slide 8: Maintenance of green areas
Maintenance of green areas Region Mid – Trädgård & Markmiljö i Väst AB Trädgård & Markmiljö i Väst AB has gained renewed trust and signed new contract with Stena Fastigheter in Gothenburg Scope: Work includes maintenance of green areas in residential areas and commercial properties as well as wi
Slide 9: Operation and maintenance of nature reserve
Operation and maintenance of nature reserve Region Stockholm – Grön Stad Mark och Anläggning AB Grön Stad has signed contract with Stockholm city traffic office Scope: Work includes operation and maintenance of the park and natural land of the Järva nature area, consisting of two nature reserves
Slide 10: Order backlog increased by 36% to SEK 7.0 billions
Order backlog increased by 36% to SEK 7.0 billions 7 000 6 000 The order backlog is substantial and all-time high. 5 000 4 000 Growth of 36% compared with Q3 2021 3 000 2 000 Volume increase driven by acquisitions and new contracts. High retention rate. 1 000 - 2019 2020 2021 2022 Page 10
Slide 11: Income Statement & Balance Sheet
Income Statement & Balance Sheet Page 11
Slide 12: Performance per segment
Performance per segment Growth in most segments driven by both organic Sales per segment growth and acquisitions Region Norway, 36% Strong EBITA growth but to a lower margin. Region Mid, 27% Region South, 13% Lag in price adjustments since indexation is done Region Stockholm, 12% annually acco
Slide 13: Financial position
Financial position Cash Flow from Operations, SEK m 119 104 101 Strong cash flow of SEK 53 (-13) million from operations vs last year. 79 63 WC impact -68 (-80) million SEK driven by 53 increased outstanding accounts receivables 42 37 22 23 Leverage of 2.7X (2.4X). Leverage increase driven 6 9
Slide 14: 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 15: Summary Q3 2022
Summary Q3 2022 Strong growth 54%, EBITA growth 31% Sales CAGR of 31%, EBITA CAGR of 101% (3y) EBITA margin at 7.6% (9.0) LTM EBITA margin 7.9% (6.3%) EPS growth +56% Two acquisitions with annual sales of SEK 385 million closed during period Page 15
Slide 16: Page 16
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