Inin Group As · OSL:ININ
Inin Group As — Q1 2023 Earnings Presentation
22 slides from Inin Group As's earnings presentation, Jun 1, 2023
Slide 1: Q1 2023 Company update
ININ Q1 2023 Company update
Slide 2: Cautionary note
Cautionary note This presentation includes forward-looking information and statements that are subject to risks and uncertainties. Actual results may differ significantly from those communicated herein. Such forward-looking information pertain to, amongst other things; (a) forecasts, projections and
Slide 3: Introduction to Inin Group
O1 Introduction to Inin Group Inin Group — Q1 2023
Slide 4: Inin Group is a listed investment company focusing on infrastructure and industry services
Inin Group is a listed investment company focusing on infrastructure and industry services Vertical-focused buy-and-build strategy within infrastructure and industry services niches in the Nordics We create value through a combination of M&A and organic growth and development initiatives We combine
Slide 5: Inin carefully selects attractive positions within infrastructure and industry services verticals
Inin carefully selects attractive positions within infrastructure and industry services verticals Strong underlying gro’ vers and an attractive company po: Supported by strong megatrends and macro drivers v Strong cash flow and cash conversion + Positive ESG drivers Y Capital light business model wi
Slide 6: Inin aims to deliver the best of PE ownership and the corporate model
Inin aims to deliver the best of the energetic value- creation focused PE ownership and the long-term and industrially focused corporate model Positive impact from the private equity model Positive impact from the corporate model Clear focus on value creation Long-term thinking Time is of value, act
Slide 7: There are four platform investments within Inin Group
There are four platform investments within Inin Group — Mass Handling & Recycling to be the fifth 97% RAIL INFRASTRUCTURE T 65%! POWER DISTRIBUTION T 65%! TESTING, INSPECTION & CERTIFICATION NON-CORE MASS HANDLING & RECYCLING Rail focused construction, competence and service supply High and low volt
Slide 8: Highlights Q1 2023
QO2 Higlights Q1 2023
Slide 9: Highlights Q1 2023
Highlights Qi 2023 + Revenue of NOK 57.6 million, High activity and progress as planned within all platforms Rail contractor Team 1435 AS increase of 71% versus Qi 2022 Y Fibre optics contractor Thuve’n (33.8 million) Anlegg & Bane AS (Q2) + EBIT of NOK-8.3 million, decrease "Order book development
Slide 10: Significant organic growth in the portfolio
Significant organic growth in the portfolio a a * Ql traditionally slow quarter in infrastructure industry * Allinvestment platforms contributing to revenue growth and improved EBIT 33,8 “83 * Significant cost reduction in , Elop Technology Q1 2022 Qi 2023 Qi 2022 Qi 2023 ININ Note: Figures excludin
Slide 11: Investment platform update
O03 Investment platform update Inin Group — Q1 2023
Slide 12: Megatrends and macro drivers
Megatrends • and macro drivers • • Market • potential • • Value creation • strategy •
Slide 13: Team 1435 AS: revenue 2011-2022 (MNOK)
• • • Team 1435 AS: revenue 2011-2022 (mnok) • 65 54,6 31,1 25,5 18,4 12,3 16,6 16 14,8 5,1 6,2 10,8 • 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 • • • • •
Slide 14: Megatrends and macro drivers
Megatrends • and macro • drivers • Market • potential • Value creation • strategy
Slide 15: Power distribution — business update
Power distribution — business update Headed by HADELAND ELEKTRO AS Main services High and low voltage installation and service Geographical presence Norway ININ Operations Strong orderbook development Actively searching for suitable new hires Q1 involved a significant amount of work on tenders and p
Slide 16: Megatrends and macro drivers
• Megatrends • and macro drivers • • • Market potential • • • Value creation • strategy • •
Slide 17: Trygg Inspection AB: revenue 2020-2022 (MSEK)
• • • • Trygg Inspection AB: revenue 2020-2022 (msek) • 7 5 2 • 2020 2021 2022 • •
Slide 18: Non-core
Non-core Headed by elop TECHNOLOGY! Main services Tools and software to inspect, monitor and manage large infrastructures Geographical presence HQ in Norway, international sales and distribution network ININ High M&A activity Offer from company that intends to pursue a process of a public listing on
Slide 19: Summary and outlook
04 Summary and outlook Inin Group — Q1 2023
Slide 20: On track to exceed previously communicated ambition to surpass NOK 1 billion revenue in 2024
On track to exceed previously communicated ambition to surpass NOK 1 billion revenue in 2024 Revenue (MNOkK) EBIT (MNOkK) 282 2000 4 1937 300 4 (15%) : v 250 | 1500 4 196 200 | o 1000 { 802 160 | Y 9) 64 100 4 (2% 500 5 : 222 707 50 4 18 299 ! (8%) Ea 2022A {} 2023B 2024F 2025F 2022A 2023B 2024F 202
Slide 21: Summary and outlook
Summary and outlook Summary * Solid order book of NOK 290 million * Revenue of NOK 57.6 million (33.8 million in Qi 2022) and EBIT of NOK -8.3 million (-10.9 million in Qi 2022), affected by normal seasonality * Transformation of Inin Group to a dedicated, listed investment vehicle with a long-term
Slide 22: Q&A
Q&A