Slide 1: Q1 January - March 2022
Q1 January - March 2022 May 5, 2022 PLATINAN Gothenburg 1
Slide 2: Housing investment – leveling out ahead
MARKET OUTLOOK Housing investment – leveling out ahead Started-up housing investments, new and renovations 2022 2023 2024 Sweden → ↗ → 2022 2023 2024 Norway → (↗) → (↘) ↗ 2022 2023 2024 Finland ↘ → ↗ Source: Navet 2
Slide 3: Stable level in other building construction
MARKET OUTLOOK Stable level in other building construction Started-up other building construction investments, new and renovations 2022 2023 2024 Sweden → → ↗ 2022 2023 2024 Norway → (↘) → → 2022 2023 2024 Finland ↘ → → Source: Navet 3
Slide 4: Civil engineering investments on a continued high level
MARKET OUTLOOK Civil engineering investments on a continued high level Civil engineering investments 2022 2023 2024 Sweden ↘ → - 2022 2023 2024 Norway ↑ → - 2022 2023 2024 Finland → → - Source: Navet 4
Slide 5: Stable market prospects but instability remains
MARKET OUTLOOK Stable market prospects but instability remains Total construction and civil engineering investments, new and renovations 2022 2023 2024 Sweden → → → 2022 2023 2024 Norway ↗ (→) ↘ (→) ↗ 2022 2023 2024 Finland ↘ → → Source: Navet 5
Slide 6: Peab in the current market situation
Peab in the current market situation • No direct exposure to Russia, Belarus or Ukraine, but certain indirect purchases • Handled price increases on energy and input goods, as well as disruptions in the supply chain, in a good way • The long-term access to cement in Sweden is still uncertain ULLS HU
Slide 7: Business area Construction
Business area Construction RØDTINDHALLEN Tromsø 7
Slide 8: Business area Construction
Business area Construction Jan-Mar Jan-Mar Apr 2021- Jan-Dec MSEK 2022 2021 Mar 2022 2021 Net sales 6,735 6,196 27,519 26,980 Operating profit 160 151 720 711 Operating margin, % 2.4 2.4 2.6 2.6 8
Slide 9: Stable level of orders received in the first quarter
BUSINESS AREA CONSTRUCTION Stable level of orders received in the first quarter Orders received, MSEK 12,000 Order backlog 9,561 29.5 10,000 8,225 8,000 7,449 7,029 6,620 6,269 6,259 6,088 5,995 BSEK (27.4) 6,000 4,000 2,000 0,000 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 SKÅLEN Jönköping 9
Slide 10: Good variation in type of product and geography
BUSINESS AREA CONSTRUCTION Good variation in type of product and geography Renovation of New housing Prison Workshop facility rentals (150 MNOK) (243 MSEK) (248 MSEK) (22 MEUR) Helsinki Bekkestua Helsingborg Gothenburg 10
Slide 11: Allocation per product area
BUSINESS AREA CONSTRUCTION Allocation per product area Net sales, rolling 12 months Order backlog, March 31, 2022 7% 7% 8% Housing 6% Housing Construction maintenance Construction maintenance Sports facilities Sports facilities 10% 39% Industrial 14% Industrial Offices Offices 4% Logistics 52% Logis
Slide 12: Business area Civil Engineering
Business area Civil Engineering KLOCKARBÄCKEN Umeå 12
Slide 13: Business area Civil Engineering
Business area Civil Engineering Jan-Mar Jan-Mar Apr 2021- Jan-Dec MSEK 2022 2021 Mar 2022 2021 Net sales 3,083 3,090 14,173 14,180 Operating profit 53 52 472 471 Operating margin, % 1.7 1.7 3.3 3.3 13
Slide 14: High level of orders received
BUSINESS AREA CIVIL ENGINEERING High level of orders received Orders received, MSEK 6,000 4,980 Order backlog 15.9 5,000 4,608 4,000 3,612 3,583 3,435 3,493 3,100 3,016 3,000 2,724 BSEK (14.8) 2,000 1,000 0,000 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 THE STRIDSBERG BRIDGE Trollhättan 14
Slide 15: New projects in the first quarter
BUSINESS AREA CIVIL ENGINEERING New projects in the first quarter Civil engineering Reconstruction of Road maintenance New dock work in a new E22 in four years (125 MSEK) city district (745 MSEK) (1.3 BSEK) (200 MSEK) Karlskrona Östhammar Mölndal 8 contracts 15
Slide 16: Allocation per product area
BUSINESS AREA CIVIL ENGINEERING Allocation per product area Net sales, rolling 12 months Order backlog, March 31, 2022 17% Operations and Operations and 27% maintenance 25% maintenance Energy Energy 36% 9% Streets and groundwork Streets and groundwork Ports and sea Ports and sea 8% 7% Industrial Ind
Slide 17: Business area Industry
Business area Industry SWECEM’S SLAGTERMINAL Oxelösund 17
Slide 18: Business area Industry
Business area Industry Jan-Mar Jan-Mar Apr 2021- Jan-Dec MSEK 2022 2021 Mar 2022 2021 Net sales 2,571 2,204 19,154 18,787 Operating profit -396 -397 939 938 Operating margin, % -15.4 -18.0 4.9 5.0 18
Slide 19: Allocation per product area
BUSINESS AREA INDUSTRY Allocation per product area Net sales, rolling 12 months 7%(5) 10%(12) Paving 8%(10) Concrete 47%(48) Mineral Aggregates 14%(13) Transportation and Machines Rentals 14% (12) Construction System PEAB ASFALT Helsinki 19
Slide 20: High level of orders received
BUSINESS AREA INDUSTRY High level of orders received Orders received, MSEK 4,500 4,000 3,835 Order backlog 7.0 3,503 3,500 3,302 2,999 3,000 2,816 2,500 2,175 2,255 BSEK (6.5) 2,012 2,000 1,399 1,500 1,000 0,500 0,000 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 ASPHALT PLANT Lahti 20
Slide 21: Increased return on capital employed
BUSINESS AREA INDUSTRY Increased return on capital employed Capital employed and return on capital employed* 12,000 16% 9,780 9,764 14% 10,000 9,529 9,388 9,266 9,376 8,822 8,871 12% Return on capital 8,000 employed 10% 10.0 6,399 6,000 8% 6% 4,000 % (8.4) 4% 2,000 2% 0,000 0% Q120 Q220 Q320 Q420 Q1
Slide 22: Business area Project Development
Business area Project Development GAMLESTAD’S BRIDGE Gothenburg 22
Slide 23: Business area Project Development
Business area Project Development Jan-Mar Jan-Mar Apr 2021- Jan-Dec MSEK 2022 2021 Mar 2022 2021 Net sales 2,464 1,710 10,251 9,497 Operating profit 289 213 1,313 1,237 Operating margin, % 11.7 12.5 12.8 13.0 of which Housing Development 10.6 12.1 10.9 11.2 23
Slide 24: High level of housing start-ups and continued good sales
BUSINESS AREA PROJECT DEVELOPMENT High level of housing start-ups and continued good sales Jan-Mar Jan-Mar Apr 2021- Jan-Dec Number 2022 2021 Mar 2022 2021 Housing start-ups 724¹ 662¹ 3,082 3,020² Sold homes 800 657 3,190 3,047 Repurchased homes on the balance sheet 134 222 134 144 at the end of the
Slide 25: Selection of production-started homes
BUSINESS AREA PROJECT DEVELOPMENT Selection of production-started homes 116 apartments in 103 apartments in 60 apartments 38 apartments Sollentuna Malmö in Borås in Jyväskylä Brf Skimret Brf Fyrskeppet Brf Tallgläntan Jyväsjärven Loiste 25
Slide 26: Housing Development after the first quarter
BUSINESS AREA PROJECT DEVELOPMENT Housing Development after the first quarter Number of homes Homes under in production construction sold 4,831 77% (3,821) (74) BRF HAMNUTSIKTEN Hammarö 26
Slide 27: Rentals on our own balance sheet
BUSINESS AREA PROJECT DEVELOPMENT Rentals on our own balance sheet Jan-Mar Jan-Mar Apr 2021- Jan-Dec Number of rentals 2022 2021 Mar 2022 2021 Production-started homes - 253 423 676 Sold homes - 91 - 91 Converted to tenant-owner 147 206 367 426 associations Totalt number of homes in production, at t
Slide 28: Total number of homes in production
BUSINESS AREA PROJECT DEVELOPMENT Total number of homes in production Number per of which sold March 31, 2022 Tenant-owner associations, ownership and 4,831 (3,821) 77 % residential limited companies Rentals 775 (719) 82 % Total number in 5,606 (4,540) 77 % production 28
Slide 29: Ongoing property projects in Property Development
BUSINESS AREA PROJECT DEVELOPMENT Ongoing property projects in Property Development Total Recognized investment Rentable Degree Timepoint of Level of Type of project Location value, at area, m2 rented, % completion completion, % MSEK completion, MSEK Sports hall Sundsvall 14,700 100 212 225 Q2-2022
Slide 30: Stable level on capital employed and return
BUSINESS AREA PROJECT DEVELOPMENT Stable level on capital employed and return Capital employed and return on capital employed* 16,000 18% 13,898 13,521 13,685 13,523 13,624 16% 14,000 13,174 12,853 13,258 12,189 14% 12,000 Return on capital 12% employed 10,000 10.2 10% 8,000 8% 6,000 6% % (13.7) 4,0
Slide 31: The Peab Group
The Peab Group 31
Slide 32: Segment reporting
THE GROUP Segment reporting Jan-Mar Jan-Mar Apr 2021- Jan-Dec MSEK 2022 2021 Mar 2022 2021 Net sales 12,544 11,216 61,354 60,026 Operating profit 10 -73 3,181 3,098 Operating margin, % 0.1 -0.7 5.2 5.2 32
Slide 33: Large presence in the Nordic region
THE GROUP Large presence in the Nordic region Net sales, rolling 12 months 71% 15% (16) 13% (70) (13) 1% (1) 33
Slide 34: Large share of public customers
THE GROUP Large share of public customers Net sales, rolling 12 months 41% Public customers 59% (43) Private customers (57) NEW PSYCHIATRIC HOSPITAL Kalmar 34
Slide 35: High level of orders received and good risk diversification
THE GROUP High level of orders received and good risk diversification Orders received Order backlog Share of projects under MSEK 500 15.4 50.0 89% BSEK (14.4) BSEK (47.3) (87) HALDEN WAREHOUSE Halden 35
Slide 36: High level of order backlog
THE GROUP High level of order backlog Order backlog allocated over time, MSEK 35,000 29,427 29,028 30,000 42% 25,000 20,000 15,175 15,000 13,118 after current 10,000 financial year (38) 4,741 5,765 5,000 0,000 Current financial year Coming financial year Thereafter Mar 31, 2021 Mar 31, 2022 36
Slide 37: Cash flow affected by seasonal patterns
THE GROUP Cash flow affected by seasonal patterns Cash flow before financing, MSEK 3 000 2,465 2 000 1,683 1,763 1,597 1 000 781 0 -108 -97 -323 -1 000 -2 000 2,264 -3 000 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q421 37
Slide 38: Strong financial position
THE GROUP Strong financial position Net debt and net debt/equity ratio 7,000 0,6 6,000 0,5 1,702 5,000 1,404 968 0,4 Net debt 3.0 4,000 947 968 1,055 0,3 3,000 2,383 4,912 0,2 4,376 4,456 1,573 BSEK (4.0) 2,000 958 3,514 2,818 3,077 1,000 0,1 1,803 1,466 1,418 0,000 0 Q120 Q220 Q320 Q420 Q121 Q221 Q
Slide 39: Target checkpoint
Target checkpoint 39
Slide 40: Four target areas, nine external targets
Four target areas, nine external targets eNPS SCI Most satisfied Best workplace customers always over benchmark always over 75 Zero vision Serious accidents Through a contracting trend Most profitable Operating margin Leader in social Carbon dioxide intensity Carbon dioxide intensity >6 % Input good
Slide 41: Operating margin over six percent
MOST PROFITABLE COMPANY Operating margin over six percent Operating margin, Group 7 6.2 Target: 6% 6 5.2 5.2 4.8 4.9 5 4.7 4.4 4.5 4 3 2.3 2 1 0 2015 2016 2017 2018 2019 2020* 2021 2022 Q1** *Operating margin exclusive effect of the distribution of Annehem Fastigheter of MSEK 952. ** Based on rollin
Slide 42: Net debt/equity ratio within interval 0.3-0.7
MOST PROFITABLE COMPANY Net debt/equity ratio within interval 0.3-0.7 Net debt/equity ratio, Group 1,0 0,8 0,6 Target: 0.3-0.7 0,4 0,2 0,0 2015 2016 2017 2018 2019 2020 2021 2022 Q1 Years 2015-2018 are not translated according to the changed accounting principles for our own housing development pro
Slide 43: Zero vision for workplace accidents
BEST WORKPLACE Zero vision for workplace accidents Serious accidents, rolling 12 months, category 4 45 39 40 36 35 32 32 34 Target: Contracting trend 30 30 30 30 28 Target 2022: <28 25 20 19 20 20 18 16 18 18 18 16 19 14 15 18 10 14 14 14 14 10 11 5 0 2020 2021 2022 Jan Mar Jun Sep Dec Mar Jun Sep D
Slide 44: Stable start of the year
JAN-MAR 2022 Stable start of the year • Increased net sales and results and high level of orders received and order backlog • Strong financial position • High levels of production-starts and sales of own developed homes • Stable market outlook but increased uncertainty PLATINAN Gothenburg ULLS HUS U
Slide 45: Next interim report: July 15, 2022
Q2 Next interim report: July 15, 2022 45
Slide 46: Thank you!
Thank you! =PEAB=