Slide 1: Etteplan Q1 2022: A strong start to the year
Etteplan Q1 2022: Juha Näkki President and CEO A strong start to May 5, 2022 the year Espoo, Finland Public 1
Slide 2: Contents of the presentation
Contents of the presentation • Operating environment Q1 2022 • Highlights Q1 2022 • Financial development Q1 2022 • Service areas Q1 2022 • Etteplan’s targets • Q&A Public 2
Slide 3: Operating environment Q1 2022
Operating environment Development in main markets: Q1 2022 The pandemic continued to affect the • The demand situation has been good. market situation in Europe: • In Finland, the overall market situation • Prolongation of the pandemic continues remained fairly good. to have an impact on the market.
Slide 4: Highlights Q1 2022
Highlights Q1 2022 • Very strong growth supported by acquisitions, we also accelerated organic growth. • Profitability was in line with our target. • Cash flow was also at a good level thanks to strong Q4/21. • The prolongation of the COVID-19 pandemic had no major impacts on demand, but the sicknes
Slide 5: Revenue
Revenue 23% 13% 31% 44% Organic growth +14.1% Public 5
Slide 6: Operating profit (EBITA)
Operating profit (EBITA) 17% 12% 12% 32% Public 6
Slide 7: Revenue and personnel
Revenue and personnel Revenue by Revenue by area Personnel by area service area 1-3/2022 March 31, 2022 1-3/2022 Engineering Solutions 52% (57%) Finland 53% (57%) Finland 52% (58%) Scandinavia 25% (24%) Scandinavia 17% (18%) Software and Embedded Solutions 28% (26%) Central Europe 19% (15%) Central
Slide 8: Revenue by customer segment
Revenue by customer segment 0% 4% 8% 12% 16% 20% 1-3/2022 Industrial Machinery and Equipment 19% (16%) Forest, Pulp and Paper 12% (12%) Energy 11% (14%) Automotive and Transportation 9% (6%) Mining 9% (11%) Lifting and Hoisting 8% (10%) ICT 6% (7%) Medical Technology 5% (5%) Chemical 4% (4%) Aerospa
Slide 9: Financial guidance and Outlook 2022
Market outlook Financial guidance and The most important factor affecting Etteplan’s Outlook 2022 business is the global development of the machinery and metal industry. The prolongation of the COVID-19 pandemic Financial guidance continues to have an impact on the market situation and supply chains
Slide 10: Financial development Q1 2022
Financial development Q1 2022 Public 10
Slide 11: Key Figures Q1 2022
Key Figures Q1 2022 Mé 1-3/2022 _1-3/2021_ = Change% _1-12/2021 Revenue 89.6 73.0 22.8 300.1 Revenue from outside Finland 42.2 31.4 34.4 130.1 Operating profit (EBITA) 9.0 77 16.6 30.1 EBITA, % 10.0 10.5 10.0 Operating profit (EBIT) 76 6.6 15.6 25.8 EBIT, % 85 9.0 8.6 Basic earnings per share, EUR 0
Slide 12: Revenue Q1 2022
Revenue Q1 2022 89.6 M€ (73.0 M€) +22.8% Organic +14.1% • Acquisitions increased revenue, organic growth was also strong due to organic investments and success of the outsourcing business. • The significant increase in sickness-related absences affected revenue development. • Revenue from key accoun
Slide 13: Growth through acquisitions - altogether eight in 2021-2022
Growth through acquisitions - altogether eight in 2021-2022 The most recent acquisition: LCA Consulting Oy • Focuses on life cycle assessment of companies, products and production, carbon footprint analysis and expert training. • We will help companies determine their carbon footprint and help them
Slide 14: EBITA Q1 2022
EBITA Q1 2022 9.0 M€, 10.0% +16.6% (7.7 M€, 10.5%) Non-recurring -0.3 (0.0) • Profitability was at a good level thanks to good operational efficiency. • Increased sickness-related absences had a slight effect on profitability. • We continued to work remotely, but the transition to hybrid work is und
Slide 15: EBIT Q1 2022
EBIT Q1 2022 7.6 M€, 8.5% +15.6% (6.6 M€, 9.0%) Non-recurring -0.3 (0.0) Amortization related to acquisitions were EUR 1.3 million. Public 15
Slide 16: Earnings per share and dividend
Earnings per share and dividend Earnings per share 1-3/2022: 0.23 € (0.21 €) +9.5% Public 16
Slide 17: Cash flow
Cash flow Operating cash flow 1-3/2022: 8.6 M€ (1.3 M€) • Operating cash flow improved year-on-year • Strong invoicing in the final quarter of 2021 was reflected favorably in operating cash flow in early 2022. Cash flow accrues unevenly over the four quarters of the year due to periodic fluctuation
Slide 18: Personnel
Personnel At the end of the period 3,877 (3,331) +16.4% Average 3,858 (3,322) Compared to the end of March 2021, the number of personnel increased by 16.4%. At the end of the review period, 1,865 (Mar 31, 2021: 1,409) people were employed by the Group outside of Finland. Public 18
Slide 19: Service areas Q1 2022
Service areas Q1 2022 Public 19
Slide 20: Engineering Solutions Q1 2022
Engineering Solutions Q1 2022 Revenue 46.7 M€ (41.4 M€) +12.8% EBITA 4.9 M€, 10.6% (4.4 M€, 10.6%) Personnel 2,088 (1,955) at the end of the period • The demand situation was at a good level in all markets. • Increased uncertainty has further increased customers’ interest in outsourcing solutions. •
Slide 21: Software and Embedded Solutions Q1 2022
Software and Embedded Solutions Q1 2022 Revenue 24.6 M€ (18.8 M€) +30.8% EBITA 2.3 M€, 9.5% (2.1 M€, 11.1%) Personnel 778 (639) at the end of the period • Demand situation remained good. • Acquisitions and increased subcontracting affected revenue. • We acquired embedded systems specialist Syncore T
Slide 22: Technical Documentation Solutions Q1 2022
Technical Documentation Solutions Q1 2022 Revenue 18.1 M€ (12.5 M€) +44.3% EBITA 1.8 M€, 10.1% (1.4 M€, 11.0%) Personnel 878 (612) at the end of the period • Demand situation remained good. • Acquisitions and success of outsourcings contributed to growth. • We acquired Cognitas GmbH and became a mar
Slide 23: Etteplan's targets
Etteplan’s targets Public 23
Slide 24: Financial targets 2020-2024
Financial targets 2020-2024 Revenue 50% 75% 10% >EUR 500 Revenue Managed Operating million outside Services share profit Finland of Revenue (EBITA) Rolling 12 months: EUR 317 million 1-3/2022: 47% 1-3/2022: 65% 1-3/2022: 10.0% Public 24
Slide 25: Questions?
Questions? » » BE s Etteplan Public
Slide 26: Revenue and EBIT 2000-Q1/2022
Revenue and EBIT 2000-Q1/2022 M€ Revenue Operating profit (EBIT) M€ 350 30 300 25 250 20 200 15 150 10 100 5 50 0 0 -5 *Includes continued and discontinued operations Public 26
Slide 27: Investor relations contacts
Investor relations contacts Outi Torniainen Juha Näkki SVP. Marketing and President and CEO Communications Tel. +358 10 307 2077 Tel. +358 10 307 3302 Helena Kukkonen CFO Public 27 Tel. +358 10 307 2003
Slide 28: Public
x Etteplan Public