Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q1 2022 Earnings Presentation
17 slides from Green Landscaping Group Ab's earnings presentation, May 5, 2022
Slide 1: Q1 Report January – March 2022
Q1 Report January – March 2022 5 May 2022 Page 1
Slide 2: Strong growth and significantly improved profitability: Key financials Q1 2022
Strong growth and significantly improved profitability Key financials Q1 2022 Sales amounted to SEK 886 (669) million, growth of 33%. Organic growth of 6.7% (5.1% in local currency) Q1 Q1 LTM SEK million 2022 2021 2022 EBITA amounted to SEK 61 million (15). An improvement of 316% SALES 886 669 3
Slide 3: Financial performance
Financial performance CAGR SALES (3y) CAGR EBITA (3y) 34% 123% Sales LTM EBITA LTM SEK 3 399m SEK 278 m [2021 Q1 LTM: 2 428] [2021 Q1 LTM: 134] Page 3
Slide 4: Strong growth mainly driven by acquisitions
Strong growth mainly driven by acquisitions Sales, growth (SEK million) Organic growth of 5.1% compared to 1000 corresponding quarter last year 900 +1.6% Acquisition growth 26.5% 800 26.5% Currency effects 1.6% 700 +5.1% 600 500 886 400 703,135 669 300 200 100 0 Q1-2021 Organic Acquisitions Cu
Slide 5: Acquired companies in Q1 2022 – Rainset Oy
Acquired companies in Q1 2022 Rainset Oy Founded in 2003 Operates in Helsinki area Specializes in landscape architecture and stonework Annual sales of EUR 4 million 13 employees Page 5
Slide 6: Acquired companies in Q1 2022 – Hallandsåsens Utemiljö AB
Acquired companies in Q1 2022 Hallandsåsens Utemiljö AB Founded in 2008 Operates in Skåne and Halland Constructs and manages outdoor environments Annual sales of SEK 30 million 18 employees Page 6
Slide 7: Acquired companies in Q1 2022 – Glenn Syvertsen AS
Acquired companies in Q1 2022 Glenn Syvertsen AS Founded in 2011 Operates around Oslo area Specializes in landscaping projects Annual sales of NOK 35 million 14 employees Page 7
Slide 8: Ground maintenance agreement
Ground maintenance agreement Region South Three companies in Region South has been awarded a ground maintenance agreement for Helsingborg Municipality Scope: Ground maintenance of five areas in Helsingborg city Contract value: In total SEK 75 million per year End customer: Helsingborg Stad
Slide 9: Landscaping work Drammen Railway Station area
Landscaping work Drammen Railway Station area Region Norway – Håkonsen & Sukke Landskapsentreprenør AS Håkonsen & Sukke has signed a contract with NCC regarding all landscaping work in connection with the substructure work on the route Drammen Station to Sundhaugen. Scope: all landscaping work a
Slide 10: Renovation of street environment
Renovation of street environment Region Norway – Håkonsen & Sukke Landskapsentreprenør AS Håkonsen & Sukke has been awarded a contract for renovation of Rådhusgaten in Tønsberg city center Scope: establishment of street pipes for future waste suction, renovation of existing water and sewer lines
Slide 11: Order backlog increased by 10% to SEK 5.7 billions
Order backlog increased by 10% to SEK 5.7 billions 6 000 5 000 The order backlog is substantial 4 000 Growth of 10% compared with Q1 2021 3 000 2 000 Volume increase driven by acquisitions and new contracts. High retention rate. 1 000 - 2019 2020 2021 2022 Page 11
Slide 12: Income Statement & Balance Sheet
Income Statement & Balance Sheet Page 12
Slide 13: Performance per segment
Performance per segment Sales per segment Growth in most segments Region Norway, 31% Region Mid, 29% Positive or stable margin development in most segments. Region Stockholm, 14% Region South, 13% Generally we saw that our older companies from Green Region North, 12% Landscaping AB and Svensk
Slide 14: Financial position
Financial position Cash Flow from Operations, SEK m 104 101 Cash flow of SEK 78 (37) million 79 63 Leverage of 2.3X (2.9X). Lower leverage despite 49 acquisitions (151 MSEK), earn-out (71 MSEK) 42 37 and repurchase of shares (24 MSEK) 22 23 9 Continued focus on acquisitions 6 2019Q1 2019Q2 201
Slide 15: 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 16: Summary Q1 2022
Summary Q1 2022 Strong growth 33%, EBITA growth 316% Sales CAGR of 34%, EBITA CAGR of 123% (3y) EBITA margin increased by 4.7 ppc to 6.9% LTM EBITA margin 8.2%, reached financial target Four acquisitions with annual sales of SEK 385 million closed during period One acquisition with annua
Slide 17: Page 17
landscaping group»
Green Landscaping Group — Q1 2022 Earnings Presentation on 6ix