Slide 1: Etteplan Q1 2021: Back to growth with good profitability
Etteplan Q1 2021: Back to growth with good profitability Juha Näkki President and CEO May 5, 2021 Espoo, Finland Public 1
Slide 2: Contents of the presentation
Contents of the presentation • Highlights Q1 2021 • Financial development Q1/2021 • Etteplan’s targets • Q&A Public 2
Slide 3: Highlights of Q1 2021
Highlights of Q1 2021 Public 3
Slide 4: Highlights Q1/2021
Highlights Q1/2021 + We were able to turn our revenue back to growth even though, due to the COVID- 19 pandemic, we started the year with at a disadvantage compared to the relatively normal comparison period. + In the beginning of January 2021, the number of employees was approximately 5 per cent lo
Slide 5: Development of the operating environment in Q1 2021
• The prolongation of the global COVID-19 pandemic Development continues to have an impact on the global economy of the and market situation. operating • As vaccinations have progressed, orders received by customers have turned to growth and investments in environment product development and product
Slide 6: Market development in Etteplan's main markets in Q1 2021
Market • Finland: The general market demand continued the recovery that began in the final quarter of last year. development in • Sweden and Denmark: demand developed favorably. Etteplan’s main • The Netherlands, Germany and Poland: the general market demand continued to develop favorably. markets i
Slide 7: Revenue and personnel
Revenue by country Revenue and Revenue by service area Finland 57% (65%) personnel Scandinavia 24% (22%) Central Europe 15% (10%) 1-3/2021 China 4% (3%) Personnel by country (end of period) Engineering Solutions 57% (58%) Finland 58% (60%) Software and Embedded Solutions 26% (24%) Scandinavia 18% (1
Slide 8: Revenue by customer segment
0% 4% 8% 12% 16% Revenue by Industrial Machinery and Equipment 15% (14%) customer Energy Forest, Pulp and Paper 13% (13%) 12% (14%) segment Lifting and Hoisting 10% (10%) 1-3/2021 Mining ICT 7% (7%) 10% (10%) Automotive and Transportation 6% (6%) Chemical 4% (5%) Medical Technology 4% (4%) Aerospace
Slide 9: Key figures
Key figures EUR 1,000 1-3/2021 1-3/2020 Change % 1-12/2020 1-3/2021 Revenue Operating profit (EBITA) 72,950 7,679 71,292 6,580 2.3 16.7 259,702 26,172 EBITA, % 10.5 9.2 10.1 Operating profit (EBIT) 6,594 5,656 16.6 22,380 EBIT, % 9.0 7.9 8.6 Basic earnings per share, EUR 0.21 0.17 23.5 0.69 Equity r
Slide 10: Outlook
Market outlook 2021 The most important factor affecting Etteplan’s business is the Outlook global development of the machinery and metal industry. The prolongation of the global COVID-19 pandemic continues to have an impact on the global economy and market situation. As vaccinations progress, orders
Slide 11: Financial development Q1/2021
Financial development Q1/2021 Public 11
Slide 12: Revenue
Revenue 1-3/2021: 73.0 M€ (71.3 M€) Growth Change 2.3% With comparable exchange rates 1.3% Organic growth Change -4.0% With comparable exchange rates -5.0% • The pandemic continued to affect our development, but the demand situation improved further as vaccinations progressed. The pandemic had not y
Slide 13: Operating profit (EBITA)
Operating profit (EBITA) 1-3/2021: 7.7 M€, 10.5% (6.6 M€, 9.2%) Non-recurring items 0.0 (-0.2) M€ • Profitability was again at a good level due to good operational efficiency and the temporary changes to the cost structure resulting from the pandemic. • Operations are expected to settle into the new
Slide 14: Operating profit (EBIT)
Operating profit (EBIT) 1-3/2021: 6.6 M€, 9.0% (5.7 M€, 7.9%) Non-recurring items 0.0 (-0.2) M€ • Amortization related to acquisitions were EUR 1.0 million. Public 14
Slide 15: Engineering Solutions
Engineering Solutions Revenue 1-3/2021: 41.4 M€ (41.3 M€) Change 0.2% Operating profit (EBITA) Revenue from Managed Services Revenue EBITA, % 1-3/2021: 4.4 M€, 10.6% (3.9 M€, 9.5%) • The demand situation improved. • We were successful in the sales of outsourcing solutions, and we have signed several
Slide 16: Software and Embedded Solutions
Software and Embedded Solutions Revenue 1-3/2021: 18.8 M€ (17.0 M€) Change 10.9% Revenue from Managed Services Revenue EBITA, % Operating profit (EBITA) • While projects were slightly slow to start in the early part of the year, the general demand situation is good and our customers are 1-3/2021: 2.
Slide 17: Technical Documentation Solutions
Technical Documentation Solutions Revenue 1-3/2021: 12.5 M€ (12.8 M€) Change -2.3% Revenue from Managed Services Revenue EBITA, % Operating profit (EBITA) • The pandemic continued to weaken the demand situation. 1-3/2021: 1.4 M€, 11.0% • The demand for outsourcing agreements was good and we are (1.3
Slide 18: Earnings per share and dividends
Earnings per € Earnings per share Dividend share and dividends Earnings per share 1-3/2021: 0.21 € (0.17 €) Change +23.5% Public 18
Slide 19: Cash flow
Cash flow Operating cash flow 1-3/2021: 1.3 M€ (2.2 M€) Cash flow accrues unevenly over the four quarters of the year due to • Operating cash flow decreased year-on-year. • Operating expenses increased faster than the cash flow from periodic fluctuation in business. sales as we called temporarily la
Slide 20: Personnel at the end of the period
Personnel at the end of the period • The number of personnel increased by 2.0% from the end of 2020. • Compared to March 31, 2020, the number of personnel decreased by 2.1% and stood at 3,331 employees (March 31, 2020: 3,402). • At the end of the review period, 1,409 (March 31, 2020: 1,354) people w
Slide 21: Income statement
Income MEUR 1-3/2021 1-3/2020 Change % 1-12/2020 statement Revenue 73.0 71.3 2.3 259.7 Other operating income 0.3 0.2 3.6 Materials and services -7.4 -6.3 -23.3 Employee benefits expenses -48.8 -48.8 -177.3 Other operating expenses -6.0 -6.7 -22.3 Depreciation and amortization -4.4 -4.1 -18.0 Operat
Slide 22: Balance sheet
Balance sheet MEUR Mar 31, 2021 Mar 31, 2020 Dec 31, 2020 Goodwill 86.8 77.6 83.7 Other non-current assets 53.8 46.1 52.6 Non-current assets, total 140.6 123.7 136.3 Inventory 0.3 0.3 0.3 Trade and other receivables 63.3 64.2 56.9 Cash and cash equivalents 15.3 11.9 24.4 Current assets, total 78.9 7
Slide 23: Etteplan's targets
Etteplan’s targets Public 23
Slide 24: Financial targets
Revenue 50% 75% 10% Financial > EUR 500 Revenue Managed Operating profit targets Services share million outside Finland of revenue (EBITA) 2020-2024 Rolling 12 months: 1-3/2021: 43% 1-3/2021: 64% 1-3/2021: 10.5% EUR 261 million ACTIONS • Constant • Expanding our • Service • Change in development of
Slide 25: Questions?
Questions? Confidential 25
Slide 26: Revenue and EBIT 2000-2021
Revenue and 300 Revenue Operating profit (EBIT) 30 EBIT 2000-2021 25 250 20 200 15 150 10 100 5 50 0 0 -5 *Includes continued and discontinued operations Public 26
Slide 27: Investor relations contacts
Investor relations contacts Per-Anders Gådin Juha Näkki CFO President and CEO Tel. +46 70 399 7929 Tel. +358 10 307 2077 Outi Torniainen SVP, Marketing and Communications Tel. +358 10 307 3302 Public 27
Slide 28: Public
x Etteplan Public