Slide 1: Interim Report Second Quarter April – June 2024
Interim Report Second Quarter April – June 2024 Bengt Lejdström Susanna Zethelius Creating sustainable, efficient and safe societies President & CEO CFO
Slide 2: Sdiptech in short
Sdiptech in short Two business areas with six infrastructure segments Resource Efficiency Special Infrastructure Solutions Creating sustainable, efficient and safe societies An infrastructure technology group Water & Power & Bioeconomy & Air & Safety & Transportation & Sanitation Energy Waste manage
Slide 3: Summary of the second quarter
Summary of the second quarter NET SALES 1,392 MSEK ADJUSTED EBITA 260MSEK Increased 19% of which Increased 13% of which 9% org. excl. currency 1% org. excl. currency 18.7% 197 83% Adj. EBITA Margin MSEK cash flow Cash conversion 3 Sources: Sdiptech Financial reports, LTM Q2 2024
Slide 4: Sales and Adj. EBITA split LTM Q2 2024
Sales and Adj. EBITA split LTM Q2 2024 Turnover by type of revenue Geographical distribution of sales Adj. EBITA for all units Distribution Other, rest of the world 0% 7% Service Sweden 20% 19% Other, Europe 15% Italy 5% 20% 59% Norway 5% 6% Germany 4% 40% Installation USA United Kingdom Proprietary
Slide 5: Acquisitions
Acquisitions 170 158 161 160 150 150m 140 JR Industries Ltd in UK (Q1-24) ▪ Approx. GBP 4.5 million in annual EBIT 130 ▪ Roller shutter doors for commercial vehicles 120 120m ▪ Stable growth driven by several long-term trend ▪ SDG 8.2 diversify, innovate and upgrade for economic productivity 110 ▪ S
Slide 6: Net sales & Adj. EBITA margin
Net sales & Adj. EBITA margin MSEK Net Sales Adj. EBITA margin Quarter 5,500 5,301 25% 5,078 Net sales increased by 19% and 9% organic 5,000 4,818 ▪ Continued solid overall demand 4,119 4,467 4,500 19.4% 19.3% 19.1% 19.1% 19.1% 18.9% 20% 18.7% Adj. EBITA margin 18.7% (19.7) 4,000 16.6% 3,505 3,500 1
Slide 7: Adj. EBITA
Adj. EBITA MSEK Adj. EBITA 1,000 1,000 970 25% Quarter 922 864 Adj. EBITA increased by 13%, 800 20% whereof 1% organic, excl currency 671 ▪ Many comparable units had 15% stronger results than last year 509 ▪ Acquired units had earnings in line 500 with or above expectations 10% ▪ Elevator unit had n
Slide 8: Resource Efficiency
Resource Efficiency Quarter Water & Sanitation Net sales (SEKm) Adj. EBITA (SEKm) Adj. EBITA margin (%) Sales increased by 15% to SEK 463m (403) ▪ Most comparable units had a solid demand Power & Energy ▪ E.g., IDE 1 775 ▪ Acquisitions contributed 24,3% 1 650 23,1% ▪ Kemi-tech & WaterTech 20,8% 22,2
Slide 9: Special Infrastructure Solutions
Special Infrastructure Solutions Quarter Water & Sanitation Net sales (SEKm) Adj. EBITA (SEKm) Adj. EBITA margin (%) Sales increased by 21% to SEK 928m (767) ▪ Strong contribution from several large 3 526 Power & Energy comparable units, e.g., 3 169 ▪ ELM Kragelund 20,2% 18,6% 19,7% 18,7% ▪ GAH Refr
Slide 10: Cash flow & Cash conversion
Cash flow & Cash conversion MSEK 900 130% 115.0% 818 120% Quarter 109.0% 110% 750 ▪ Hard work to manage accounts receivables and 100% optimize inventories has been paying off 619 565 90% 84.0% 600 80.0% ▪ Cash flow amounted to MSEK 197, corresponding 80% to 83% cash conversion despite increasing sal
Slide 11: Additional metrics
Additional metrics Apr-June Apr-June LTM June Jan-Dec 2024 2023 2024 2023 Profit after tax, (SEK million) 118 126 448 446 Earnings per ordinary share after dilution 2.95 3.22 11.34 11.33 (SEK) Financial net debt1/Adjusted EBITDA, 2.05 2.35 2.05 2.02 multiple 3.13 3.61 3.13 3.07 Net debt2/Adjusted EB
Slide 12: Additional metrics
Additional metrics Apr-June Apr-June LTM June Jan-Dec 2024 2023 2024 2023 Profit after tax, (SEK million) 118 126 448 446 Earnings per ordinary share after dilution 2.95 3.22 11.34 11.33 (SEK) Financial net debt1/Adjusted EBITDA, 2.05 2.35 2.05 2.02 multiple 3.13 3.61 3.13 3.07 Net debt2/Adjusted EB
Slide 13: Looking ahead
Looking ahead Highlights Continued solid demand ▪ Benefit from strong market position and resilience to cyclical changes ▪ Continued stable demand throughout the Group ▪ Diversification of risk between our 40 companies Tough comparables going forward ▪ Q3-23: ▪ Net sales 20% organic growth ▪ Profit
Slide 14: Appendix
Appendix S svPTECH
Slide 15: Management Team and Board of Directors
Management Team and Board of Directors Management Bengt Lejdström 84,940 (Class B) 500 (Pref) 87,500 (Warrants) Anders Mattson 52,033 (Class B) 52,000 (Warrants) CEO Lagercrantz Group, Interim Justitia, Acando Head of Special Munters, Roland Berger, Bearingpoint M.Sc. Stockholm School of Economics I
Slide 16: Ownership June 2024
Ownership 31 June 2024 Owner SDIP A SDIP B PREF CAPITAL % VOTES % Vulcan Value Partners, LLC 3,963,256 9.97% 8.16% Swedbank Robur Fonder 3,224,909 8.11% 6.64% Handelsbanken Fonder 2,942,603 7.40% 6.06% Cliens Fonder 2,089,035 5.26% 4.30% Ashkan Pouya 1,424,000 592,967 5.08% 30.52% Invesco 1,576,670
Slide 17: Adjusted EBITA → Net profit
Adjusted EBITA → Net profit MSEK 2024 2023 2024 2023 YTD Jun YTD Jun LTM Jun Full Year Net Sales 2,727 2,245 5,301 4,818 Operational costs -2,215 -821 -4,301 -3,897 Profit from operations, adjusted EBITA 512 424 1,000 922 EBITA*, best representation of the profits from the ongoing operations Acquisi