Slide 1: Q1 report Jan-Mar 2023
Q1 report Jan-Mar 2023 JONAS GUSTAVSSON, PRESIDENT & CEO BO SANDSTRÖM, CFO APRIL 27, 2023
Slide 2: Q1 2023 Highlights
Q1 Q12023 2023Highlights Highlights 6,916 6,916 Net sales, SEK million Net sales, SEK million STRONG START TO THE YEAR STRONG START TO THE YEAR — Growth of 22.0%, net sales SEK 6,916 million (5,670) — Growth of 22.0%, net sales SEK 6,916 million (5,670) — Organic growth of 15.9% adjusted for calenda
Slide 3: Market update
BUILDING ON OUR STRENGTHS Market update OVERALL DEMAND — In general, high demand driven by the green industrial transition INDUSTRIAL & ENERGY SEGMENTS — Strong demand in our main industrial segments such as pulp & paper, mining & metal, energy transformation and electrification. Delayed decision pr
Slide 4: Performance by division
Performance by division INFRASTRUCTURE ENERGY 11.5% adj. organic growth 14.7% adj. organic growth 9.8% EBITA margin 10.5% EBITA margin INDUSTRIAL & DIGITAL SOLUTIONS AFRY X 13.2% adj. organic growth 7.3% adj. organic growth 10.2% EBITA margin 7.5% EBITA margin PROCESS INDUSTRIES MANAGEMENT CONSULTIN
Slide 5: Banedanmark, APK, ANDE
BANEDANMARK APK ANDE railway framework plastics recycling modernisation of agreement plant hydropower plant 5
Slide 6: Net sales development
Net sales development NET SALES, SEK MILLION Q1 2023 26,000 SEK 6,916 million 6,916 24,000 Net sales 6,609 22,000 5,975 22.0% 15.9% 20,000 5,670 5,509 5,298 18,000 5,177 4,999 16,000 Total growth Adjusted organic growth 4,419 14,000 12,000 — Continued strong adjusted organic growth, 10,000 driven by
Slide 7: EBITA development
EBITA development EBITA, SEK MILLION Q1 2023 689 2,200 SEK 689 million 10.0% 2,000 EBITA EBITA margin 578 1,800 495 472 451 1,600 — Strong EBITA development, an increase of 46% 432 416 from last year, driven by the strong growth and 1,400 384 supporting price increases 369 1,200 — Increase from last
Slide 8: Development by division
Development by division ADJUSTED ORGANIC GROWTH, % EBITA MARGIN, % 14.2 22.4 13.6 13.4 19.6 11.6 10.2 10.5 10.3 9.8 14.7 8.9 13.2 8.2 7.5 11.5 9.8 10.4 8.6 7.3 3.9 1.3 0.5 Infrastructure Industrial & Process Energy AFRY X Management Infrastructure Industrial & Process Energy AFRY X Management Digita
Slide 9: Cash flow and financial position
Cash flow and financial position OPERATIONAL CASH FLOW, SEK MILLION NET DEBT (EXCL IFRS16), SEK MILLION LIQUID ASSETS & CREDIT LINES, SEK MILLION 401 4,979 4,941 4,144 4,218 4,792 4,646 3,914 3,841 290 4,217 3,668 263 88 54 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2
Slide 10: Financial targets
Financial targets 10% 10% 2.5x TOTA L G R O W T H 1 E B I TA M A R G I N 2 N E T D E BT / E B I T D A , E O Y 2.5x 19 2.2x 2.0x 17 8.6 8.5 8.5 1.7x 8.0 6 -4 2020 2021 2022 Q1 2023 2020 2021 2022 Q1 2023 2020 2021 2022 Q1 2023 R12 R12 — Further improvement in Q1 — Significant improvement on — Reduced
Slide 11: Focus to execute on our strategy
Focus to execute on our strategy Strengthen position and profitability in infrastructure Scale globally in Grow Nordic decarbonisation, industrial and digital energy and portfolio, expand biobased materials internationally in niches Pioneers of technology and leading partner in the sustainability tr
Slide 12: Questions?
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