Slide 1: Strong growth continued and profitability improved
Strong growth continued and profitability improved Year 2022 28 February, 2023
Slide 2: On the stage
On the stage Stefan Nyström Roger Lindqvist CEO CFO
Slide 3: Business review 2022
Business review 2022 CEO SOLWERS
Slide 4: Year in brief
Year in brief / Strong growth continued / Profitability close to and equity ratio above mid-term target / Order stock and invoicing rate on good level / Two new companies joined the group / 1,020,000 new shares issued to selected investors in December and raised EUR 4.5 million
Slide 5: Strong revenue growth, EBITA growth
Strong revenue growth EBITA growth to +40.6% 11.5% 8 7,218 70,000 7 62,796 60,000 6 44,662 MEUR 50,000 MEUR 5 4,708 40,000 4 30,234 3,417 30,000 3 22,700 2,044 20,000 2 10,000 1 0,000 0 H2 2021 H2 2022 2021 2022 H2 2021 H2 2022 2021 2022 Equity Ratio 2021 2022 45,4% 46,7%
Slide 6: New Solwers companies
New Solwers companies Stockholm, Sweden Logistics/Management consulting Subsidiary of Lukkaroinen Architects Turku, Finland Architectural and interior design 6
Slide 7: Interesting projects in 2022: schools and hospitals
Interesting projects in 2022: schools and hospitals • Lukkaroinen Architects' ongoing large hospital projects in Oulu, Helsinki and Espoo • The Kuopio Senior High School of Arts (Lumit) based on an architecture competition won by Lukkaroinen team.
Slide 8: Savilahti Multipurpose Centre
Savilahti Multipurpose Centre • A good example of cooperation between the Solwers companies is the Savilahti Multipurpose Centre in Kuopio. • The project involves extending the old storage tunnels previously used by the Finnish Defence Forces into one large multi-purpose hall. • Architectural design
Slide 9: Norrbotnia railway line
Norrbotnia railway line • The Norrbotnia railway line is planned between Umeå and Luleå. In the project our Swedish subsidiary Licab is responsible for e.g., project management, technical support, and safety issues • Licab plays a major role in the implementation of the ERTMS system (European Rail T
Slide 10: From industry solutions to windfarms
From industry solutions to windfarms • ELE Engineering's experts were employed by well-known major clients to develop industry process solutions and train coupling systems, while other projects ranged from cable management for offshore wind farms to next- generation substations and power transmissio
Slide 11: Events after the financial year
Events after the financial year
Slide 12: New acquisition in February
New acquisition in February 21.2.2023 acquisition of Transport Consultancy Group Nordic AB • based in Stockholm • specialized in technical consultancy in rail industry: • consulting services, project, documentation, quality and asset management and supply assurance • customers: Swedish state and reg
Slide 13: Circular economy – winning project
Circular economy – winning project Our winning project in a competition organized by the City of Espoo to find concepts for the reuse of building materials and parts in the Kera area. Solwers' multidisciplinary team won the competition in early 2023 with the design "To the Next Level“. The winning p
Slide 14: Financial review 2022
Financial review 2022 CFO
Slide 15: Key figures
Key figures EUR thousand 2022 2021 H2 2022 H2 2021 Revenue 62,796 44,662 30,234 22,700 Revenue growth 40.6 % 36.8 % 33.2 % 21.0 % EBITDA 8,156 5,495 3,911 2,482 EBITDA-% 13.0 % 12.3 % 11.3 % 9.0 % EBITA 7,218 4,708 3,417 2,044 EBITA-% 11.5 % 10.5 % 11.3 % 9.0 % EBIT 5,091 3,371 2,283 1,353 EBIT-% 8,
Slide 16: Key figures, continued
Key figures, continued EUR thousand 2022 2021 H2 2022 H2 2021 Revenue per employee 105 112 50 52 Billing rate 80.0 % 82.2 % 79.3 % 82.7 % Adjusted equity 38,158 31,909 38,158 31,909 Total assets 81,682 70,354 81,682 70,354 Adjusted equity ratio 46.7 % 45.4 % 46.7 % 45.4 % Net debt 13,366 14,119 13,3
Slide 17: Assets
Assets EUR thousand 31.12.2022 31.12.2021 30.6.2022 30.6.2021 Goodwill 37,836 33,507 35,445 19,140 Other intangible assets 1,286 914 1,062 3,024 Tangible assets 5,651 5,850 5,872 2,704 Investment and receivables 3,339 3,309 3,303 3,082 Non-current assets 48,112 43,580 45,682 27,950 Receivables 14,58
Slide 18: Equity & liabilities
Equity & liabilities EUR thousand 31.12.2022 31.12.2021 30.6.2022 30.6.2021 Share capital 1,000 1,000 1,000 1,000 Other restricted equity 140 28 29 42 Invested free capital fund 35,989 31,120 31,501 28,666 Retained earnings 374 -889 -224 -1,301 Non-controlling interest 654 650 590 475 Equity 38,158
Slide 19: Cash flow
EUR thousand Cash flow 2022 2021 H2 2022 H2 2021 Operating cash flow +5,805 +4,684 +3,985 +2,927 Investment in non-current assets -1,212 -811 -996 -358 Business combinations -1,817 -10,004 0 0 Acquisition of non-controlling interest 0 -913 0 0 Other +9 +305 -13 +177 Cash flow from investment activit
Slide 20: The Board's proposal for the distribution of profit
The Board’s proposal for the distribution of profit • At the end of the financial year 2022, Solwers Plc’s distributable funds amounted to EUR 38,045,715.09, of which the loss for the financial year was EUR -416,329.75. • The Board of Directors proposes to the Annual General Meeting that the loss fo
Slide 21: Strategic targets and outlook
Strategic targets and outlook CEO
Slide 22: Mid-term Financial Targets
Mid-term Financial Targets >20% >12% >40% revenue growth Equity EBITA % (12 months) ratio
Slide 23: Market outlook
Market outlook • The transition to fossil-free energy and industrial production will bring significant new investments. • A variety of new energy sources, energy storage, power transmission systems and automation solutions will increase the demand for engineering and project management services. It
Slide 24: Market outlook
Market outlook • Circular economy projects, which will continue to grow rapidly, will also bring more customer engagements, as the reuse of buildings requires more engineering and project management than new construction. • Our business sector has suffered from a chronic shortage of skilled professi
Slide 25: Solwers outlook 2023
Solwers outlook 2023 We expect revenue to grow and earnings to remain at a good level. We intend to continue acquisitions which support our existing business. We manage our business risk by operating in many locations in two countries and by having a diverse service portfolio consisting of a large n
Slide 26: Q&A – Thank you!