Mt Hojgaard Holding A/s Class B · OMXCOP:MTHH
Mt Hojgaard Holding A/s Class B — MT Højgaard Holding — Q2 2025 Earnings Presentation
14 slides from Mt Hojgaard Holding A/s Class B's earnings presentation, Aug 19, 2025
Slide 1: Interim report Q2 2025
Interim report Q2 2025 19 August 2025 CEO Rasmus Untidt CFO Dennis Nørgaard
Slide 2: Consolidation and strengthening of the order portfolio
Consolidation and strengthening of the order portfolio Main points in Q2 Revenue Operating profit (EBIT) DKKm DKKm EBIT margin Stable high production Operating profit Unchanged outlook for the year 0% -19% Strong inflow of new orders 3.139 142 Continued focus and simplification 2.665 2.675 2
Slide 3: Revenue and earnings in line with expectations for the year
Revenue and earnings in line with expectations for the year Omsætning Ebit Lagkage/donut Business units’ revenue Business units’ operating profit (EBIT) DKKm DKKm Q2 2024 Q2 2025 Q2 2024 Q2 2025 2,665 DKKm 2,675 DKKm 124 DKKm 100 DKKm -5% -13% 1.650 94 1.575 82 +9% 1.119 1.030 -55% 40 18 0 -15 -19 -
Slide 4: Continued growth within Civil engineering and infrastructure
Continued growth within Civil engineering and infrastructure New container quay for the Port of Aarhus Revenue Order intake Order portfolio MT Højgaard Danmark DKKm DKKm DKKm +53% -44% +9% 569 1.194 2.303 2.106 373 668 Q2 2024 Q2 2025 Values are calculated excluding joint ventures 4
Slide 5: Lower contributions from partnerships and other collaborations
Lower contributions from partnerships and other collaborations 70% recirculation in renovation for Civica Revenue Order intake Order portfolio Enemærke & Petersen DKKm DKKm DKKm -32% -65% -18% 1.326 922 4.676 3.853 904 319 Q2 2024 Q2 2025 5
Slide 6: Simplification and focus of the portfolio continues
Simplification and focus of the portfolio continues Project development in MT Højgaard Denmark Self-developed projects Integration of Property Development completed Trælastholmen office Development and execution resources consolidated building in Copenhagen MT Højgaard Danmark Combining E&P's Ju
Slide 7: International winding up drives better results
101 homes in Gentofte Enemærke & Petersen International winding up drives better results In DKKm H1 2024 H1 2025 Revenue 4,958 5,300 Gross profit 340 436 Sales and administrative expenses -151 -202 Result of associates and joint ventures 30 -36 Operating profit (EBIT) 219 198 EBIT margin 4.4% 3.7% N
Slide 8: Stable return on invested capital despite pressure on working capital
Stable return on invested capital despite pressure on working capital Cash flows from Return on invested capital Net interest-bearing Net working capital1 operating activities (ROIC) deposit/debt (+/-) DKKm DKKm % DKKm +402 +212 -1.8 pp. +285 -97 115 -499 51.3% 49.5% 372 -97 87 H1 2024 H1 2025 Note:
Slide 9: ESG metrics show progress, and the work continues towards our objectives
ESG metrics show progress, and the work continues towards our objectives Scope 1&2 emission intensity Recycled waste Share of women in the Group Accident frequency Tonnes of CO2/DKKm % % Frequency -7% +0.3 pp. 5 -17% Hourly paid +1.1 pp. 75 2,8 3,1 Full employment 1,4 +0.9 pp. 19,7 1,3 59,5 60,6 30
Slide 10: The Group won new orders with a value of up to DKK 8,1 billion
The Group won new orders with a value of up to DKK 8,1 billion DKK 2,5 billion is included in the order intake for the second quarter The Group’s order intake The business units’ order intake Selected orders DKKm LTM DKKm Q2 2024 Q2 2025 Driftsresultat Renovation of Præstevangen in +15% Viby 10.298
Slide 11: Orders won but not yet contracted
Orders won but not yet contracted Selected examples from second quarter Global warehouse for UNICEF in Nordhavn, 2025-28 Train workshop and other facilities in Vinge, 2025-31 New psychiatry in Viborg, 2025-31 By & Havn / Danish Building Authority DSB Central Jutland Region Phased turnkey contract Ph
Slide 12: Solid order portfolio in all business areas
Solid order portfolio in all business areas Total order portfolio of DKK 23 billion The Group’s order portfolio The business units’ order portfolio DKKm DKKm Q2 2024 Q2 2025 -8% -7% 12.581 7.496 11.727 11.782 11.750 11.606 6.938 -7% 5.109 4.759 Q2 Q3 Q4 Q1 Q2 2024 2024 2024 2025 2025 Other order por
Slide 13: 2025 outlook maintained
2025 outlook maintained 94% of the year's contract revenue was contracted by the end of June Outlook Revenue and operating profit (EBIT) DKKm Revenue 10.0-10.5 12.000 10.000 500 400 DKKbn 8.000 300 6.000 200 4.000 EBIT 400-450 2.000 0 100 0 DKKm 2020 2021 Revenue 2022 2023 EBIT 2024 Expected 2025E F
Slide 14: Q&A
Q&A