Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q2 2020 Earnings Presentation
18 slides from Green Landscaping Group Ab's earnings presentation, Aug 26, 2020
Slide 1: Green Landscaping Group Second Quarter 2020
Green Landscaping Group Second Quarter 2020 26 August 2020 Page 1
Slide 2: Today’s presenters
Today’s presenters Started as CEO of Green Landscaping in 2015. Johan Nordström Johan has previously been Chairman of the Board and President of CEO Car-O-Liner Group AB and Car-O-Liner Production and held several CEO positions over the years. Studied economics at Lund University and the Unive
Slide 3: Our vision is to create a green city for all
Our vision is to create a green city for all through entrepreneurship, social responsibility and sustainable business Page 3
Slide 4: A ‘home’ where entrepreneurs thrive
A ‘home’ where entrepreneurs thrive Page 4 4
Slide 5: We make cities enjoyable and green
We make cities enjoyable and green Ground Maintenance Landscaping Winter Services Sports Landscaping Arborist services Maintenance and services Design and construction of Snow plowing/removal, Services and products Tree care, pruning, forestry, for all outdoor areas all outdoor green areas deicing a
Slide 6: The #1 landscaping service provider in Sweden
The #1 landscaping service provider in Sweden FINANCIAL GOALS 24 units distributed over 5 geographic segments Growth EBITA margin 10% 8% Diversified contract portfolio, long contracts Leverage Dividend 2,5x 40% Focus on larger cities GEOGRAPHY Market leading profitability North East M&A st
Slide 7: Second Quarter 2020
Second Quarter 2020 Page 7
Slide 8: Highlights second quarter 2020
Highlights second quarter 2020 Development Financials Q2 Growth of 3,7%. Adjusted organic growth 1,2%* Net sales Net sales growth EBITA of 46,5 MSEK (26,2). +77,5% EBITA margin of 8,4% (4,9%) 552.1 3.7 SEKm % Cash flow of 63 MSEK (45,5) EBITA EBITA margin Net debt 518,5 MSEK (652,9). 720 i
Slide 9: Strong margin development in the quarter
Strong margin development in the quarter Strong margin development +1,8 ppc Synergies 2019 and productivity improvements Acquisitions Growth of 3.7%, whereof +1,2% in adjusted organic growth Non-profitable business in Svensk Markservice East terminated Somewhat less sales due to Covid-19
Slide 10: Segment development
Segment development SALES PER SEGMENT (%) Solid quarter with positive development regarding growth and profitability Positive development in South and West. Both from legacy and acquired companies. East ground maintenance has positive development which is offset by shut down landscaping busine
Slide 11: Financials
Financials Page 11
Slide 12: Key P&L items
Key P&L items P&L Sales and profitability development NET SALES (SEKm) SEKm Q2 2020 Q2 2019 YTD 2020 YTD 2019 600 524,5 552,1 2 500 492 507 Net sales 552.1 532.3 927.2 993.6 500 461,2 2 000 375 375,1 Quarterly sales 400 EBITA* 46.5 34.9 27.8 36.2 1 500 Sales LTM 309,3 300 264,2 267,1 Result after fi
Slide 13: Balance sheet
Balance sheet SEKm 30 Juni 2020 30 Juni 2019 Net debt SEK 518.5 million Total non-current assets 955.3 864.0 Total current assets 566.9 488.0 Leverage 2.6X (3.1X) Total assets 1522.2 1352.0 Cash and available facility of SEK 174.8 million Total equity 388.8 195.5 Working Cap SEK -5.3 million
Slide 14: Cash flow
Cash flow SEKm Q2 2020 Q2 2019 2020 YTD 2019 Improved cash flow from operating activities both YTD and in YTD the quarter. This is in all essential explained by the reduction Cash flow from 59.0 45.4 59.4 44.5 in working capital since Q4 2019. Per Q2 2020 working operating activities before change
Slide 15: Financial targets
Financial targets Growth ► Target: Sales growth on average by 10% per year (including both organic and acquisitions). 10% ► Status: 3.7% concerning Q2 2020. EBITA margin ► Target: Achieving an EBITA margin of 8%. 8% ► Status: EBITA margin 8.4% (4.9%) concerning Q2 2020. Leverage (ND/EBITDA) ► Target
Slide 16: Summary
Summary Page 16
Slide 17: Summary second quarter 2020
Summary second quarter 2020 Solid quarter with positive development regarding growth and profitability Favorable market and long-term contracts give good conditions for sustainable growth The rights issue of c.150 MSEK after issue costs was finalized in June and was fully subscribed. The purpo
Slide 18: Page 18
Green landscaping group
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