Slide 1: Hello Investors - Interim Report Jan-Mar 2024
Hello Investors Interim Report Jan-Mar 2024 ” Strong quarter and establishment of a strategic platform in Finland.
Slide 2: Agenda Prevas Q1 Report Jan-Mar 2024
Agenda Prevas Q1 Report Jan-Mar 2024 1. Introduction 2. Financial performance 3. Market update 4. Enmac acquisition 5. Q&A 2 Interim report Jan – Mar 2024
Slide 3: Summary Q1
3.2% Summary Q1 GROWTH IN TURNOVER First quarter • Revenues: 407.1 MSEK (394.3), +3.2% • Strong results, margin over financial target – EBITA 53.5 MSEK (59.7) – EBITA Margin 13.2% (15.1) 13.2% OPERATING MARGIN, EBITA – Negative calender effect First quarter – Price increases in all countries – Cash
Slide 4: Strong Quarter in a Dynamic Market
Strong Quarter in a Dynamic Market Q1 2024 2023 Change EBITA and EBITA Margin Turnover (MSEK) 407.1 394.3 +3.2% EBITA (MSEK) 53.5 59.7 -10% EBITA Margin 13.2% 15.1% EBIT (MSEK) 44.2 57.8 -24% EBIT Margin 10.9% 14.7% EPS (SEK) 2.54 3.18 -20% Op. Cash flow (SEK) 27.1 22.8 +19% Net effect of one less w
Slide 5: Long-term Value Creation
Long-term Value Creation Quarterly turnover and Quarterly EBITA rolling 12 revenue growth and rolling 12 EBITA margin 5 Interimreport Interim reportJan Jan––Mar Mar2024 2024
Slide 6: Earnings and Dividend per Share
Earnings and Dividend per Share Earnings per share, SEK Dividend per share, SEK Proposed dividend of SEK 4.75 per share for 2023. 6 Interimreport Interim reportJan Jan––Mar Mar2024 2024
Slide 7: Strong Financial Position
Strong Financial Position • Low net debt • Strong operational cashflow • Strong balance sheet & solid financial situation Cash Flow Highlights Financial Position MSEK Q1 2024 Q1 2023 MSEK Q1 2024 Q1 2023 Cash flow from operating activities 27 23 Net debt excl rights-of-use assets -83 -26 Cash flow f
Slide 8: Market Update
Market Update Industry breakdown, Q1 2024 The long-term demand for advanced technology and the ability to take on complex problems is increasing over time. • Similar market demand as in Q3-Q4 2023 • High demand in green transition, cyber security and defense • The competition on consultancy assignm
Slide 9: Prevas Establishes a Strong Platform in Finland
Prevas Establishes a Strong Platform in Finland • Prevas acquire Enmac, with ~200 employees, 8 locations across Finland, a turnover of EUR 23.3m and an EBITDA margin of 14.1%* • Prevas will establish a pan-Nordic group operating across Sweden, Norway, Denmark and Finland, with ~1,100 employees and S
Slide 10: Acquisition Rationale
Acquisition Rationale Strong cultural fit Large customer base with high potential Strong future market synergies Enmac brings additional expertise into Prevas. Potential to grow IoT and embedded systems in Finland Management remains as owners Serial M&A capability, strong Strong platform in Finland
Slide 11: Acquisition Data
Acquisition Data • Enterprise Value is EUR 25m for 100% on cash & debt free basis. Earnout 2024 of additional EUR 2m based on 2024 EBITDA performance • Upfront EV / EBITDA 2023 is 7.6x (local GAAP) • Prevas balance sheet remains strong. Net debt / EBITDA post deal is ~1.0x Target: <2.0x EBITDA • Pos
Slide 12: Summary
Summary • Strong Q1 despite dynamic market and calendar effect • Prevas acquire Enmac and establish a strong platform in Finland • Strong cashflow & solid financial platform • Well positioned in growing sectors • Executing on our long-term endeavors to strengthen our position as a premium company
Slide 13: Questions are Welcome
Questions | are Welcome
Slide 14: About Prevas
About Prevas Prevas is an innovative development hub with focus on product and production development, with ingenuity at its core. With high technical expertise and deep business Prevas AB understanding, we help customers from a wide variety of Org. nr. 556252-1384 industries to benefit through cont