Webstep As · OSL:WSTEP
Webstep As — Q1 2025 Earnings Presentation
20 slides from Webstep As's earnings presentation, May 23, 2025
Slide 1: Q1 2025 Interim Results Presentation
Q 2025 Results Interim Presentation Kristine Lund, CEO Henning Hesjedal,CFO Webstep ASA - 23. May 2025, Oslo WEBSTEP
Slide 2: Agenda
Agenda Highlights from the Financial Review quarter Organisation and Market update and projects outlook
Slide 3: Highlights from the quarter
Highlights from the quarter
Slide 4: Highlights
Highlights ● Positive trend for EBIT margin despite a continued soft market ● Double digit growth in the regional offices, supported by continued traction in the energy sector ● The Annual General Meeting 16 May approved a dividend of NOK 2.30 per share, total NOK 62.3 million ● Successful delivery of
Slide 5: Organisation and projects
Organisation and projects
Slide 6: Our strategic focus areas
Our strategic focus areas 1. One Webstep: Enhance collaboration across regional office and leverage the benefits of a strong local presence in key areas, while also being an integral part of a large organization. 2. Be even more customer-focused and include a greater degree of business development in o
Slide 7: Financial review
Financial review
Slide 8: Group Q1
Revenue 1 236.4 MNOK (229.7) Group Q1 pale e900 Gq pp 14 am EBIT-margin FTEs Q1 9.6% oP 444 (9.3) (448)
Slide 9: Key figures
Key figures Q1 Comments Q1 Q1 FY NOK million 2025 2024 2024 ● Operating revenues for the quarter increased by 2.9 per cent compared to the same period last year Revenues 236.4 229.7 874.1 ○ Revenue from own consultants up by 3.8 per cent Change 2.9% (3.7%) 1.5% ■ Increase driven by hourly rates and
Slide 10: Market update and outlook
Market update and outlook
Slide 11: Market update and outlook
Market update and outlook ● Limited market visibility ○ Continued macroeconomic and geopolitical uncertainty; investment decisions in private sectors are slower than usual ○ The public and energy sectors seem less impacted by the macro softness ● Services within data and insight technologies continu
Slide 12: Significant contract acquisitions with strategic importance during the quarter
● Significant contract acquisitions with strategic importance during the quarter ○ Renewing our MSA with Equinor, included as a premium-tier subcontractor for Norges Bank's IT consulting services framework agreement, and signed a framework agreement with Bane NOR ○ ● Highly uncertain macroeconomic ou
Slide 13: Questions?
Questions? Please contact us at ir@webstep.com
Slide 14: Appendix
Appendix
Slide 15: Customer base characteristics
Customer base characteristics Optimizing sales and strengthening focus on A large and loyal customer base in both private and A diversified customers base between business enterprise market and large clients public sector sectors 15
Slide 16: Cash flow and net debt
Cash flow and net debt 31 March NOK million 2025 Cash and cash equivalents* (101.4) Restricted cash 0.3 Debt to credit institutions 0.0 Leasing liabilities (current and non-current) 60.6 Net interest bearing debt (NIBD) (40.4) NIBD/EBITDA (rolling 12 months) (1.4) NIBD/EBITDA (rolling 12 months) incl
Slide 17: Top 20 shareholders at 21 May 2025
Top 20 shareholders at 21 May 2025 17
Slide 18: Revenue, EBIT and FTE development
Revenue, EBIT and FTE development Revenue (LTM) EBIT (LTM) Number of FTEs (EoP) 18
Slide 19: Number of FTEs, end of period
Number of FTEs, end of period Q1 Q4 Q3 Q2 Q1 Number of FTEs, end of period 2025 2024 2024 2024 2024 Total 444 446 449 451 448 Oslo 209 213 210 213 211 Bergen 93 96 95 88 84 Trondheim 64 61 63 65 65 Stavanger 50 49 53 55 56 Sørlandet 20 20 21 21 23 Haugalandet 8 8 8 9 9 19
Slide 20: Disclaimer
Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections abo