Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q3 2026 Earnings Presentation
22 slides from Nordisk Bergteknik Ab Class B's earnings presentation, Nov 4, 2026
Slide 1: Nordisk Bergteknik Q3
November 4, 2026 Nordisk Bergteknik Q3
Slide 2: Table of contents
Table of contents Nordisk Bergteknik at a glance Financial targets and strategy to get there Nordisk Bergteknik at a glance Financial targets and strategy to get there This is Nordisk Bergteknik This is Nordisk Bergteknik Predicted continued growth Caret Right with solid fill Predicted continued gro
Slide 3: This is Nordisk Bergteknik
This is Nordisk Bergteknik Was there a better way of building modern, sustainable SECTORS societies? We believed so. We also considered that a more Infrastructure, energy, real estate, mining consolidated market for rock and foundation solutions was part of the answer. So, in 2016, Nordisk Bergtekni
Slide 4: Leading the market in rock and foundation solutions
Leading the market in rock and foundation solutions 157m FOUNDED IN 1,108 2016 SEK ADJ. EBIT Q3 2026 LTM # OF EMPLOYEES SEK 3,545m 4.4% 18 OPERATING SALES Q3 2026 LTM ADJ. EBIT MARGIN Q3 2026 LTM SUBSIDIARIES
Slide 5: Areas for our services and solutions
Areas for our services and solutions Rock Rock and concrete Drilling Rock excavation Prospecting, excavation and Excavation of rock, mainly reinforcement reinforcement through blasting Maintenance of rock and concrete constructions Foundation Foundation Foundation work Sheet piling Ensuring a stable
Slide 6: Attractive business mix
Attractive business mix REVENUE BY SEGMENT, LTM Q3 2026 EBIT PER SEGMENT, LTM Q3 2026 25% 54% Rock Rock Norway Sweden 85% Rock Sweden 21% 10% Foundation Rock Sweden Norway 5% Foundation Sweden
Slide 7: Diversified project portfolio lowers the risk level
Diversified project portfolio lowers the risk level High revenue diversification and few projects with fixed price Few large projects spread Mining and prospect Direct exposure to No. of projects yearly over several years account drilling becoming an construction of new to less than increased part o
Slide 8: Operational synergies lead to attractive offering and barriers to entry
Operational synergies lead to attractive offering and barriers to entry Synergies Barriers to entry • Knowledge sharing • Economies of scale • Flexible resource and machine • Strong market position and allocation track record • Centralised sourcing of raw • Highly experienced employees materials and
Slide 9: Interim Report Q3
Interim Report Q3 Strengthened margins and new Group Management
Slide 10: Financial performance (1/2)
Financial performance (1/2) 850 20,0% 838 838 840 Jul - Sep 830 820 Net sales amounted to SEK 837.9 (838.0) million, on par with 810 the previous year. 800 799 790 3.9% Organic growth amounted to -2 (6) %. 780 3.6% 2.1% 770 0,0% Adjusted EBIT amounted to SEK 32.9 (30.2) million. Adjusted Q3 2024 Q3
Slide 11: Financial performance (2/2)
Financial performance (2/2) Financials 64 Adjusted cash flow from operating activities amounted to SEK 39.1 (-4.6) million during the 39 third quarter. Net debt/adjusted EBITDA amounted to 3.2x (3.5). Cash and cash equivalents amounted to SEK 2.1 Q3 2024 -5 Q3 2025 Q3 2026 (8.4) million. Adjusted ca
Slide 12: Performance per segment – Rock Sweden
Performance per segment – Rock Sweden SEKm 600 539 474 454 458 453 500 453 429 392 • External net sales for the third quarter 400 amounted to 452.9 (391.7). The segment's 300 organic growth for the period was 16 (4)%. 200 • External net sales for the period January– 100 September amounted to 1,450.3
Slide 13: Performance per segment – Rock Norway
Performance per segment – Rock Norway SEKm 300 266 260 250 224 234 226 216 188 • External net sales in the segment for the third 200 157 quarter amounted to 226.1 (265.7) MSEK. The 150 lower sales compared with the previous year are 100 explained by a strong comparative quarter and an 50 increased f
Slide 14: Performance per segment – Foundation Sweden
Performance per segment – Foundation Sweden SEKm 300 241 250 228 211 176 181 198 • External net sales in the third quarter decreased 200 165 159 by 12% and amounted to 158.9 (180.6) MSEK. 150 Organic growth was -12%, mainly due to weak 100 demand for the segment's services, particularly 50 for large
Slide 15: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT SEKm SEKm SEKm 25% -4% -7% 6% 5% 493 244 3 526 3 545 485 3 402 3 451 451 3 305 457 465 173 157 141 122 7.0% 14.6% 14.5% 13.7% 13.6% 13.1% 7.2% 3.7% 4.3% 4.9% 2022 2023 2024 2025 2026 Q3 2022 202
Slide 16: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) • The Group's net debt amounted to SEK 1,507.0m (1,536.8). 3,5 3,5 3,5 3,2 3,2 3,3 3,2 3,2 • Machine loans amounts to SEK 440.8m and lease liabilities to SEK 263.1m. 2,5 • Debt ratio (net debt/EBITDA LTM) amounts to 3.2x (3.5). • Cash and cash equiv
Slide 17: Nordisk Bergteknik’s environment
Nordisk Bergteknik’s environment • Continued strong demand for our services in infrastructure, mining/prospect drilling, operation and maintenance services as well as material handling services. Current trading • There is a significant underlying need for new infrastructure investments and probably
Slide 18: Strategy and financial targets
Strategy and financial targets
Slide 19: Predicted continued growth (1/2)
Predicted continued growth (1/2) 3 GEOGRAPHICAL EXPANSION Future • Add additional steps in value chain to offering • Both backward and forward integration is possible 1 4 EXECUTE ON EXPLOIT EXISTING M&A CURRENT PIPELINE CAPABILITIES • Continued M&A journey • Unique collaborations through disciplined
Slide 20: Predicted continued growth (2/2)
Predicted continued growth (2/2) Future Successful operations in a niche market • Limited competition in a niche market with high barriers to entry since operations requires a high level of expertise, specialized 4 EXECUTE ON EXISTING M&A PIPELINE equipment and machine capacity. • Additional upside
Slide 21: Financial targets and dividend policy
Financial targets and dividend policy 40% Dividend 15% policy Growth 7% Profitability <2,5x Capital structure Achieve annual net sales growth of The Group targets an adjusted The net debt in relation to adjusted Nordisk Bergteknik aims to distribute 40 more than 15 percent over a business EBIT-margi
Slide 22: Nordisk Bergteknik
NORDISK BERGTEKNIK