Slide 1: Etteplan Q2 2024: Market situation weakened further
Etteplan Q2 2024: Market situation weakened further JUHA NÄKKI, PRESIDENT AND CEO A U G U ST 8, 2024 Espoo, Fi nl and
Slide 2: Contents of the Q2 2024 presentation
Contents of the Q2 2024 presentation ▪ Highlights ▪ Operating environment ▪ Financial development ▪ Etteplan’s targets ▪ Financial guidance 2024 ▪ Q&A ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 2
Slide 3: Highlights Q2 2024
Highlights Q2 2024 + Despite the uncertain operating environment revenue increased slightly, supported by acquisitions. + Operating cash flow improved slightly and was at a good level. + We continued to develop our offering and implemented service solutions utilizing AI for our customers in Technica
Slide 4: Etteplan invested in Bangladesh's largest IT consulting firm BJIT
Etteplan invested in Bangladesh’s largest IT consulting firm BJIT • Etteplan acquired a 19.99% minority stake in Bangladesh´s largest software and IT consulting company BJIT. • The strategic partnership provides access into a new pool of highly cost-efficient expertise. • Initially BJIT provides us
Slide 5: Operating environment in Q2 2024
Operating environment Development in main in Q2 2024 markets • Geopolitical tensions are maintaining • Uncertainty and interest rates decreasing slower uncertainty globally. than expected have affected demand in our • Interest rates decreasing slower than operating countries in Europe. expected and
Slide 6: Revenue and operating profit (EBITA) Q2 2024
Revenue and operating profit (EBITA) Q2 2024 89.8 92.6 7.4 6.8 +3.1% -8.0% ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 6
Slide 7: Revenue and personnel Q2 2024
Revenue and personnel Q2 2024 Revenue by service area Revenue by area Personnel by area 92.6 M€ 92.6 M€ 3,900 Engineering Solutions 54% (56%) Finland 48% (52%) Finland 50% (51%) Software and Embedded Solutions 27% (24%) Scandinavia 28% (24%) Scandinavia 20% (18%) Technical Communication Solutions 19
Slide 8: Revenue by customer segment 2024
Revenue by customer segment 2024 0% 4% 8% 12% 16% 20% Energy 16% (15%) Industrial Machinery 11% (14%) Automotive 11% (10%) Forest Industry 11% (13%) Metal and Mining 10% (11%) ICT and Electronics 5% (5%) Aerospace and Defence 5% (4%) Building technology 5% (5%) Healthcare and Medical technology 5% (
Slide 9: Financial development Q2 2024
Financial development Q2 2024 Placeholder for brand image
Slide 10: Key Figures
Key Figures M€ 4-6/2024 4-6/2023 Change % 1-6/2024 1-6/2023 Change % 1-12/2023 Revenue 92.6 89.8 3.1 189.7 184.8 2.7 360.0 Revenue from outside Finland 48.4 42.6 13.7 99.2 89.0 11.5 177.6 Operating profit (EBITA) 6.8 7.4 -8.0 15.0 15.0 0.1 30.9 EBITA, % 7.4 8.3 7.9 8.1 8.6 Operating profit (EBIT) 5.
Slide 11: Revenue
Revenue Q2 2024 92.6 M€ (89.8) +3.1% At comparable exchange rates +3.2% Organic -3.3% At comparable exchange rates -3.2% 1-6 2024 189.7 M€ (184.8) +2.7% At comparable exchange rates +2.6% Organic -3.6% At comparable exchange rates -3.7% Revenue from key accounts decreased by 6.9% in Q2. ▪ Customers’
Slide 12: EBITA
EBITA Q2 2024 6.8 M€, 7.4% (7.4 M€, 8.3%) -8.0% Non-recurring -0.4 M€ (-0.4) 1-6 2024 15.0 M€, 7.9% (15.0 M€, 8.1%) +0.1% Non-recurring -0.7 M€ (-1.3) ▪ Operational efficiency was affected by difficult demand situation. ▪ We implemented adaptation measures in all our service areas to improve operati
Slide 13: EBIT
EBIT Q2 2024 5.3 M€, 5.8% (6.1 M€, 6.8%) -12.7% Amortization related to acquisitions 1.5 M€ (1.3) 1-6 2024 12.0 M€, 6.3% (12.4 M€, 6.7%) -2.8% Amortization related to acquisitions 3.0 M€ (2.6) ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 13
Slide 14: Earnings per share and dividend
Earnings per share and dividend Earnings per share Q2 2024: 0.13 € (0.15) -13.3% 1-6 2024: 0.29 € (0.32) -9.4% ▪ Earnings per share was impacted by higher financial expenses. H1 H1 0.32 0.29 ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 14
Slide 15: Cash flow
Cash flow Operating cash flow Q2 2024: 9.0 M€ (8.9) 1-6 2024: 17.0 M€ (16.1) ▪ Operating cash flow improved slightly and was at a good level. Cash flow accrues unevenly over the four quarters of the year due to periodic fluctuation in business. ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 15
Slide 16: Personnel
Personnel At the end of the period 3,900 (3,942) Average 3,868 (3,949) Compared to the end of June 2023, the number of personnel decreased by 1.1%. At the end of the review period, 1,963 (June 30, 2023: 1,938) people were employed by the Group outside of Finland. ▪ Recruitment has been slowed down d
Slide 17: Service areas Q2 2024
Placeholder for brand image Service areas Q2 2024
Slide 18: Engineering Solutions
Engineering Solutions Q2 2024 Revenue 49.6 M€ (51.0) -2.7% Revenue from Managed Services 65% (66%) EBITA 3.9 M€, 7.9% (5.2 M€, 10.3%) 1-6 2024 Revenue 101.9 M€ (102.7) -0.8% Revenue from Managed Services 65% (65%) EBITA 8.6 M€, 8.5% (10.2 M€, 9.9%) Personnel 2,164 (2,177) at the end of the period ▪
Slide 19: Software and Embedded Solutions
Software and Embedded Solutions Q2 2024 Revenue 24.9 M€ (21.2) +17.4% Revenue from Managed Services 47% (54%) EBITA 1.9 M€, 7.6% (1.1 M€, 5.3%) 1-6 2024 Revenue 51.2 M€ (45.1) +13.5% Revenue from Managed Services 47% (53%) EBITA 4.3 M€, 8.3% (2.8 M€, 6.1%) Personnel 720 (729) at the end of the perio
Slide 20: Technical Communication Solutions
Technical Communication Solutions Q2 2024 Revenue 17.9 M€ (17.4) +2.9% Revenue from Managed Services 87% (89%) EBITA 1.2 M€, 6.9% (1.4 M€, 8.1%) 1-6 2024 Revenue 36.4 M€ (36.6) -0.6% Revenue from Managed Services 88% (89%) EBITA 2.6 M€, 7.1% (2.6 M€, 7.0%) Personnel 848 (872) at the end of the perio
Slide 21: Etteplan's targets and financial guidance for 2024
Etteplan’s targets and financial guidance for 2024
Slide 22: Financial targets 2024
Financial targets 2024 Revenue 55% 75% >10% >EUR 500 Revenue Managed Operating million outside Services share profit Finland of Revenue (EBITA) Rolling 12 months: EUR 365 million 1-6/2024: 52% 1-6/2024: 65% 1-6/2024: 7.9% ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 22
Slide 23: Financial guidance
Financial guidance 2024 Market outlook Etteplan specifies its guidance for The most important factor affecting Etteplan’s revenue and operating profit (EBIT) within business is the global development of the machinery the previously communicated range and and metal industry. The uncertainty caused by
Slide 24: Questions?
Questions? © etteplan a
Slide 25: Revenue and EBIT 2000-2024
Revenue and EBIT 2000-2024 • 2024 Rolling 12 months *Includes continued and discontinued operations ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 25
Slide 26: Investor Relations contacts
Investor Relations contacts OU TI TOR N I AINE N H E L E NA K U K KONE N J U H A N Ä KKI SV P , MA R K ETING A N D C FO P R E SIDENT A N D C E O C OMMU N ICATIONS +358 10 307 2003 +358 10 307 2077 +358 10 307 3302 ETTEPLAN Q2 2024 INVESTOR PRESENTATION PUBLIC 26
Slide 27: ETTEPLAN Q1 2024
ETTEPLAN Q1 2024 INVESTOR PRESENTATION 27