Roko Ab Class B · OMXSTO:ROKO_B
Roko Ab Class B — Q1 2025 Earnings Presentation
13 slides from Roko Ab Class B's earnings presentation, Apr 29, 2025
Slide 1: The Perpetual Owner – First quarter 2025
The Perpetual Owner First quarter 2025 29 April 2025 1
Slide 2: Röko in 2025
Röko in 2025 Growth in EBITA1 +14% Change in Net Debt / EBITDA2 -0.4x Source: Company information Note: Based on actual reported information in 2024. 1) Reported Adj. EBITA increased 14% in Q1 2025, from MSEK 347 to 395 driven by organic growth and acquisitions. 2) Net Debt / RTM Adj. EBITDA decreas
Slide 3: Financial development
Financial development MSEK FY2022 FY2023 FY2024 YTD’24 YTD’25 Net sales 4,316 5,614 6,182 1,556 1,696 Organic growth1) 12% 2% 3% 3% 3% o/w FX 4% 4% 1% 1% 1% Adj. EBITA 2) 787 1,047 1,227 347 395 Adj. EBITA margin 18% 19% 20% 22% 23% Net debt / LTM Adj. 4.2x 2.2x 2.1x 2.3x 1.9x EBITDA Acquired growth
Slide 4: Cash flow and capital efficiency
Cash flow and capital efficiency Cash flow from operations and cash conversion Capital employed and ROCE SEKm Q1 24 Q1 25 SEKm Q1 24 Q1 25 Operating cash flow less CAPEX 263 211 Equity 5,285 5,374 Adj. EBITA 347 395 Interest-bearing debt 892 563 Cash conversion1) 76% 53% Leasing 484 484 Put/call deb
Slide 5: Our investment criteria has served us well
Our investment criteria has served us well • Röko has acquired companies at below 8x EBITA on average ― Disciplined valuations since inception, across several industries and geographies ― Röko have completed five platform acquisitions per year on average • Organic EBITA growth of 9% in 2024(1) ― Gro
Slide 6: Appendix
ROKO Appendix
Slide 7: KPIs
KPIs SEKm Q1 24 Q1 25 Change Net sales 1,556 1,696 9% Adj. EBITA 347 395 14% Adj. EBITA margin, % 22% 23% +1 p.p Adj. EBITDA 384 438 14% Adj. EBITDA margin, % 25% 26% +1 p.p Capital employed 8,640 8,632 -0% Return on capital employed, % 13.3% 14.5% +1 p.p Return on equity, % 11.5% 13.2% +2 p.p Finan
Slide 8: Profit and loss statement
Profit and loss statement Full-year Q1 Q1 SEKm 2019 2020 2021 2022 2023 2024 2024 2025 Net sales 23 614 2,083 4,316 5,614 6,182 1,556 1,696 Cost of goods sold -15 -310 -1,293 -2,668 -3,343 -3,543 -852 -929 Gross profit 8 304 790 1,648 2,271 2,639 704 768 Selling expenses -5 -109 -203 -474 -843 -940
Slide 9: Balance sheet
Balance sheet December March December March SEKm 2019 2020 2021 2022 2023 2024 2025 SEKm 2019 2020 2021 2022 2023 2024 2025 ASSETS EQUITY AND LIABILITIES Fixed assets Equity Intangible assets 955 1,506 3,984 7,339 7,481 8,337 7,854 Equity attributable to Röko’s 350 719 1,991 3,653 4,942 5,501 5,374
Slide 10: Cash flow statement
Cash flow statement Full-year Q1 Q1 SEKm 2019 2020 2021 2022 2023 2024 2024 2025 Operating activities Operating profit -11 89 312 612 821 969 288 295 Adjustment for non-cash items 2 44 107 262 358 404 92 105 Net financial items -1 -14 -26 -67 -106 -58 -15 -15 Paid tax 0 -40 -86 -189 -224 -261 -60 -9
Slide 11: Overview of acquisitions
Overview of acquisitions Röko has made 28 platform acquisitions to date Year Company Description Business area Country Ownership1) Net sales at acquisition2) Segment split – no. of Companies H2 2019 Arboritec3) Varnish and floor maintenance products B2B Sweden 100% SEK 30m H2 2019 Hot Screen Heat tr
Slide 12: Disclaimer
Disclaimer The Manager have not conducted any independent review or verification of the information in the Presentation and although efforts have been made to accurately describe Röko, the Manager disclaims any and all liability for the content being correct, accurate and complete. In addition to in
Slide 13: The Perpetual Owner
ROKO The Perpetual Owner