Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q2 2026 Earnings Presentation
22 slides from Nordisk Bergteknik Ab Class B's earnings presentation, Jul 17, 2026
Slide 1: Nordisk Bergteknik Q2
July 17, 2026 Nordisk Bergteknik Q2
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 154m 1,157 FOUNDED IN 2016 SEK ADJ. EBIT Q2 2026 LTM # OF EMPLOYEES SEK 3,545m 4.3% 18 SALES Q2 2026 LTM ADJ. EBIT MARGIN Q2 2026 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 Q2 2026 EBIT PER SEGMENT, LTM Q2 2026 21% 52% Rock Rock Norway Sweden 83% Rock Sweden 27% 10% Foundation Rock Sweden Norway 7% Foundation Sweden
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 Q2
Interim Report Q2 Gradually increasing activity resulted in strong organic growth
Slide 10: Financial performance (1/2)
Financial performance (1/2) 1000 985 20,0% 980 Apr - Jun 960 940 • Net sales increased by 13% and amounted to SEK 984.6 (873.9) 920 900 million . 880 858 874 860 • Organic growth amounted to 12 (3) % . 840 5.6% 4.5% 4.4% • Adjusted EBIT amounted to SEK 44.3 (38.0) million. Adjusted EBIT 820 800 marg
Slide 11: Financial performance (2/2)
Financial performance (2/2) Financials • Adjusted cash flow from operating activities 131 amounted to SEK 131.4 (100.9) million during the 101 second quarter. • Net debt/adjusted EBITDA amounted to 3.2x (3.5). • Cash and cash equivalents amounted to SEK 46.5 36 (33.2) million. Q2 2024 Q2 2025 Q2 202
Slide 12: Performance per segment – Rock Sweden
Performance per segment – Rock Sweden SEKm 600 539 453 474 454 458 500 429 379 392 • External net sales for the second quarter 400 amounted to 539.0 (474.0) MSEK. The 300 segment's organic growth for the period 200 amounted to 14%. 100 • EBIT for the second quarter amounted to 35.7 0 (31.0) MSEK. Th
Slide 13: Performance per segment – Rock Norway
Performance per segment – Rock Norway SEKm 300 266 260 250 231 224 234 216 188 • External net sales in the segment for the second 200 157 quarter amounted to 234.2 (224.0) MSEK, an 150 increase of 5%. Market activity has gradually 100 increased and organic growth amounted to 1%. 50 • EBIT for the se
Slide 14: Performance per segment – Foundation Sweden
Performance per segment – Foundation Sweden SEKm 300 241 250 228 211 189 198 176 • External net sales during the second quarter 200 181 165 increased by 20% and amounted to 211.4 150 (175.9) MSEK. Organic growth amounted to 100 20%. The segment has experienced higher 50 market activity and larger vo
Slide 15: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT -4% 493 6% 5% SEKm SEKm 3 526 244 485 SEKm 25% 3 451 3 445 -7% 173 3 402 464 154 141 457 122 3 305 451 7.0% 14.6% 14.5% 13.7% 13.6% 13.1% 7.2% 4.9% 3.7% 4.3% 2022 2023 2024 2025 2026 Q2 2022 202
Slide 16: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) • The Group's net debt amounted to 1,470.1 (1,502.2). 3,6 3,5 3,5 3,5 3,2 3,2 3,3 3,2 • Machine loans amounts to SEK 444m and lease liabilities to SEK 267m. 2,5 • Debt ratio (net debt/EBITDA LTM) amounts to 3.2x (3.5). • Cash and cash equivalents am
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