Slide 1: Fourth quarter and full year results 2024
Fourth quarter and full year results 2024 11 February 2025 Grethe Bergly, CEO Ove B. Haupberg, CFO
Slide 2: Disclaimer
Disclaimer This report includes forward-looking statements, which are based on our current expectations and projections about future events. All statements other than statements of historical facts included in this notice, including statements regarding our future financial position, risks and uncer
Slide 3: Introduction and highlights
Introduction and highlights Grethe Bergly, CEO Photo: Bård Gudim
Slide 4: This is the Multiconsult Group
This is the Multiconsult Group Segments Business areas Sector balanced portfolio (share of net operating revenues FY 2024) (share of operating revenues FY2024) (share of operating revenues FY 2023) > 5 500 clients > 15 000 projects 8% 12% 14% 37% 37% 24% 49% 51% > 45 countries > 3 900 employees 41%
Slide 5: Summary & Key figures | 4Q 2024
Summary & Key figures | 4Q 2024 HIGH ACTIVITY NET OPERATING EBITA REVENUES ─ Stable operational performance ─ High sales activity 1 443 98.0 NOK million NOK million ─ Several successful contracts and framework 6.0% y-o-y EBITA margin 6.8% agreements RESULTS BILLING RATIO ORDER INTAKE ─ EBITA was NOK
Slide 6: Market & Sales
Market & Sales Large sales & new contracts Order intake Market 4Q 2024 1 798 ─ Regionshospitalet Randers 1 559 ─ Order intake in the quarter amounted to 1 431 NOK 1 798 million ─ Framework agreements with The Norwegian Defence Estates Agency ─ High and diversified order backlog NOK million ─ Hauglif
Slide 7: People & organisation
People & organisation People Organisation Excellence — 3 923 employees, an increase — Employees in Multiconsult Norge voted for — Aarhus University Hospital Forum was of 4.6% y-o-y Røde Kors the recipient of the company’s honoured with the Audience Award in the charitable Christmas gift in 2024 cate
Slide 8: Financial Review
Financial Review Ove B. Haupberg, CFO Photo: Bård Gudim
Slide 9: Financial highlights | 4Q 2024
Financial highlights | 4Q 2024 Consolidated key figures NOK million 4Q 2024 4Q 2023 Change FY 2023 Net operating revenues 1 443.3 1361.5 6.0% 4 802.5 EBITA ─ Net operating revenues increased to NOK 1 443.3 million 98.0 118.4 (17.2%) 419.5 EBITA margin % (1 361.5), a y-o-y growth of 6.0% 6.8% 8.7% (1
Slide 10: Improved project control
Improved project control 2023 2022 2024 2024 2023 2022 Q1 Q2 Q3 Q4
Slide 11: Financial highlights | FY 2024
Financial highlights | FY 2024 Consolidated key figures NOK million FY 2024 FY 2023 Change Net operating revenues 5 383.6 4 802.5 12.1% EBITA ─ Net operating revenues increased to NOK 5 383.6 million 523.4 419.5 24.8% EBITA margin % (4 802.5), a y-o-y growth of 12.1% 9.7% 8.7% 1.0pp EBITA adj. 492.1
Slide 12: Financial highlights
Financial highlights Billing ratio Rolling 12 months Net Operating Revenues Billing ratio +6.0% 1 500 5 500 Rolling 12 months 76 Net operating revenues +0.7pp 5 000 74 72.5% 1 000 4 500 71.8% 72 70.5% 70.3% NOK million 1 443 4 000 70 1 361 1 068 1 127 500 3 500 68 3 000 66 0 2 500 64 4Q 1Q 2Q 3Q 4Q
Slide 13: High activity level
High activity level REGION OSLO REGION NORWAY ARCHITECTURE INTERNATIONAL ─ Net operating revenues ─ Net operating revenues ─ Net operating revenues ─ Net operating revenues decreased by 3.5% increased by 8.6% increased by 0.4% increased by 23.8% ─ EBITA margin 8.7% ─ EBITA margin 8.9% ─ EBITA margin
Slide 14: Financial position
Financial position ─ Strong cash flow from operations ─ NOK 677 million (591) 1 000 ─ Change in working capital -5 ─ YTD negative NOK 5 million (negative 167) 900 -155 210 ─ Cash effect acquisition YTD negative NOK 62 million -260 800 ─ Net interest-bearing debt 700 ─ NIBD NOK 91 million NOK million
Slide 15: Free cash flow
Free cash flow 669 640 575 579 547 515 503 515 433 400 409 369 323 334 318 NOK million 294 272 457 416 409 373 292 262 79 81 83 85 37 29 -31 -59 -26 -52 -28 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 Net cas
Slide 16: Business areas & Closing remarks
Business areas & Closing remarks Grethe Bergly, CEO Photo: Bård Gudim
Slide 17: Market structure
Market structure Operating Multiconsult Buildings & Mobility & Energy & Water & Revenues Group Properties Transportation Industry Environment 13% 27% 24% % of total 36% 4Q 2024 NOK million 1 730 632 460 415 223 Change y-o-y 6% 1% 2% 14% 30%
Slide 18: Confirms the #1 position in the Scandinavian hospital market
Confirms the #1 position in the Scandinavian hospital market LINK Arkitektur and 5E Byg awarded the upcoming expansion of Regionshospitalet Randers in Denmark. Aarhus University Hospital Forum is honoured with the Audience Award in the category “Hospital Building of the Year 2024” by the renowned ar
Slide 19: Confirms a leading position within the defence sector
Confirms a leading position within the defence sector Awarded framework agreement for consulting and design services to the Norwegian Defence Estates Agency (NDEA) (Forsvarsbygg). The primary location will be Ramsund in Tjeldsund municipality. Awarded muliple prestigious framework agreements for con
Slide 20: Confirms market position within the Energy transition sector
Confirms market position within the Energy transition sector Equinor has awarded Multiconsult with subcontractors Aker Solutions and LINK Arkitektur to provide engineering services for the electrification of Halten, Tampen, and Grane/Balder areas on the Norwegian continental shelf. Through a new fra
Slide 21: Strengthen market position within urban transformation and development
Strengthen market position within urban transformation and development Parts of Åsane in Bergen will be transformed into a vibrant and green district featuring new commercial and office buildings, 250 residences, a cinema, a hotel, new squares, streets, and green areas. Multiconsult and LINK Arkitek
Slide 22: Dividend proposal of NOK 10.00 per share
Dividend proposal of NOK 10.00 per share Basis for dividend proposal ─ Solid financial results 10.00 ─ Strong balance sheet 9.00 8.00 8.00 ─ Financial flexibility ─ Profit for the period NOK 416.5 million (316.6) 6.00 ─ Partly affected by NOK 57.4 million by gross put option obligation and reversal
Slide 23: Outlook
Outlook ─ Overall market outlook remains good and stable ─ Increased investments within defence and energy sectors ─ High volume of ongoing projects, a diverse portfolio, and a high order backlog ─ Continued uncertainty and increased competition in parts of the market ─ A solid pipeline and a strong
Slide 24: Financial calendar
Financial calendar Financial year 2024 18.03.2025 - Annual Report 10.04.2025 - Annual General Meeting Financial year 2025 13.05.2025 - Quarterly Report - Q1 19.08.2025 - Quarterly Report - Q2 04.11.2025 - Quarterly Report - Q3 Deichman | Photo: Multiconsult / Hundven-Clements Photography
Slide 25: Appendix
Appendix :) I) DNDEEE pa | SOO Multiconsult—Group
Slide 26: Order backlog | 4Q 2024
Order backlog | 4Q 2024 5 500 -0.7% 4 883 4 851 5 000 Buildings & Properties 4 500 Energy & Industry 4 000 Mobility & Transportation Water & Environment 3 500 NOK million 3 000 2 500 2 000 1 500 1 000 500 0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 4Q 4Q 2021 2022 2023 2024 2023 2024 Note: Variations i
Slide 27: Order intake | 4Q 2024
Order intake | 4Q 2024 Buildings & Properties 2 573 Energy & Industry Mobility & Transportation Water & Environment 1 847 1 798 1 559 1 572 1 531 1 467 1 431 1 349 1 277 1 224 1 142 945 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2021 2022 2023 2024 Viaduct Gdynia, Poland | Photo: Multiconsult
Slide 28: Segments | 4Q 2024
Segments | 4Q 2024 Region Oslo Region Norway Architecture International Net Operating Revenues Net Operating Revenues Net Operating Revenues Net Operating Revenues +23.8% Net operating revenues Net operating revenues Net operating revenues Net operating revenues 800 800 250 +0.4% 120 700 700 +8.6% -
Slide 29: Think Beyond