Green Landscaping Group Ab · OMXSTO:GREEN

Green Landscaping Group Ab — Q1 2024 Earnings Presentation

18 slides from Green Landscaping Group Ab's earnings presentation, Apr 25, 2024

  1. Slide 1: Presentation of Green Landscaping Group's Q1 2024

    P R E S E N TAT I O N O F G R E E N L A N D S C A P I N G G R O U P ’ S Q1 2024 JANUARY – MARCH 2024 25 APRIL 2024 Sid 1

  2. Slide 2: Green Landscaping Group

    Green Landscaping Group A leading company in the ground maintenance and landscaping industry Active on a very attractive market Applying the right business model A HOME FOR Well proven M&A strategy ENTREPRENEURS Sid 2

  3. Slide 3: Summary

    Summary Rolling twelve months Q1  Net sales increased by 15% to SEK 5,964 million  Net sales increased by 11% to SEK 1,383 million - Organic growth contributed by 2% - Organic growth contributed by 8%, acquisitions by 4% - Acquisitions contributed by 12%  EBITAincreased by 5% and amounted to SEK

  4. Slide 4: Strong growth

    Strong growth SEK Net sales rolling twelve months million 6 000 60% 5 000 50% 4 000 40% 3 000 30% 2 000 20% Strong growth of net sales and 1 000 10% EBITA over time 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 0% 2021 2022 2023 2024 Net sales Change, % (right axis) SEK million EBITA, rolling twelve mont

  5. Slide 5: Sweden

    Sweden Share of net sales Share of EBITA 48% 31% Rolling twelve months  Net salesincreased by 1% to SEK 2,864 million SEK million 900 Net sales SEK million 3 400  EBITAdeclined by 14% to SEK 175 million, margin 6.1% (7.2) 700 2 700 Impairments and provisions in one subsidiary in Q2 and Q4 2023, an

  6. Slide 6: Norway

    Norway Share of net sales Share of EBITA 41% 45% Rolling twelve months  Net salesincreased by 17% to SEK 2,434 million SEK million 800 Net sales SEK million 2 700 - Organicgrowth contributed2% 700 2 400 2 100 600 - Acquisitions contributed 20% 500 1 800 1 500 - Changed exchangeratescontributed-5% 4

  7. Slide 7: Rest of Europe

    Rest of Europe Share of net sales Share of EBITA 11% 24% Rolling twelve months  Net salesincreased by 153% to SEK 667 million SEK million 250 Net sales SEK million 750 - Organicgrowth contributed5% 200 600 - Acquisitions contributed141% 150 450 - Changed exchangeratescontributed7% 100 300  EBITAin

  8. Slide 8: Acquired companies Q1 2024

    Acquired companies Q1 2024 Lässle Landschaftsbau & Tiefbau  Founded in 1968  Operates around Offenburg, Lahr/Schwarzwald  Offers landscaping services  Annual sales of approximately EUR 3.3 million  25 employees Sid 8

  9. Slide 9: Acquired companies Q2 2024, QTD

    Acquired companies Q2 2024, QTD Gartenidee Kuchler  Founded in 1999  Operates around Ingolstadt and Munich  Provides landscaping, maintenance, and winter services for outdoor environments  Annual sales of approximately EUR 14.6 million  Over 100 employees Sid 9

  10. Slide 10: Financials

    FINANCIALS Sid 10

  11. Slide 11: Key financials

    Key financials  Net sales at SEK 1.4 billion for the quarter and SEK 6.0 billion rolling twelve months Q1 Q1 SEK million RTM  EBITA and EBITA-margin lower, in line with normal 2024 2023 seasonality NET SALES 1,383 1,250 5,964 - Higher overhead costs, SEK 10 (3) million , due to higher M&A cost and

  12. Slide 12: Cash flow

    Cash flow  Cash flow from operating activities amounting to SEK million Cash flow from operating activities SEK million 250 600 SEK 366 (504) million rolling twelve months 200 500  Cash flow from operating activities amounting to 150 400 SEK 208 (221) million in Q1 100 300  Cash and cash equivale

  13. Slide 13: Cash flow bridge

    Cash flow bridge SEK millon 208 EBITA 90, a | 165 “54 EBT Amortization Net of Change inNWC Cash Flowfrom Acquisitions Capex & Other NewLoans Debtrepayment Repurchase Cash Flow for depreciation, Operating Investing Activities & other items of shares the Period interest and tax Activitites sid13 Green

  14. Slide 14: Financial leverage

    Financial leverage  Financial leverage amounted to 2.4X (2.2X) 3,5 Financial leverage  Level in line with financial target 3,0 2,5  Steady state means deleveraging through cash flow from 2,0 operating activities 1,5 1,0 0,5 0,0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 2022 2023 2024 Net debt/E

  15. Slide 15: Loan maturity profile

    Loan maturity profile  Total maturities amounting to about SEK 1,975 million Loan maturity SEK million  No maturities until 2026 2 000 1 800  Only covenant being Net debt / EBITDA pro forma. Current 1 600 level leaves plenty of headroom 1 400 1 200 1 000 800 600 400 200 0 2024 2025 2026 Bank Loan

  16. Slide 16: Financial targets

    Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (%ofNI) 10% 8% 2.5x 40% Approximately 40% of profit for the year shall be distributed as dividends to shareholders. The Sales shall, on average, Net debt in relation to EBITDA EBITA margin shall, on average, dividend proposal shall

  17. Slide 17: Summary

    Summary Rolling twelve months Q1  Net sales increased by 15% to SEK 5,964 million  Net sales increased by 11% to SEK 1,383 million - Organic growth contributed by 2% - Organic growth contributed by 8%, acquisitions by 4% - Acquisitions contributed by 12%  EBITAincreased by 5% and amounted to SEK

  18. Slide 18: Sid 18

    Sid 18

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