Nordisk Bergteknik Ab Class B · OMXSTO:NORB_B
Nordisk Bergteknik Ab Class B — Q1 2026 Earnings Presentation
22 slides from Nordisk Bergteknik Ab Class B's earnings presentation, May 5, 2026
Slide 1: Nordisk Bergteknik Q1
May 5, 2026 Nordisk Bergteknik Q1
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 148m 1,120 FOUNDED IN 2016 SEK ADJ. EBIT Q1 2026 LTM # OF EMPLOYEES SEK 3,434m 4.3% 18 SALES Q1 2026 LTM ADJ. EBIT MARGIN Q1 2026 LTM OPERATING 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 Q1 2026 EBIT PER SEGMENT, LTM Q1 2026 21% 52% Rock Rock Norway Sweden 83% Rock Sweden 27% 6% Foundation Rock Sweden Norway 11% 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 Q1
Interim Report Q1 Increased profitability and continued organic growth in a recovering market
Slide 10: Financial performance (1/2)
Financial performance (1/2) 840 828 20,0% 811 Jan - Mar 820 800 • Net revenue decreased by 2% and amounted to SEK 810.8 (827.5) 780 million. 760 751 • Organic growth amounted to -1 (11)%. 740 3.5% • Adjusted EBIT amounted to SEK 28.0 (20.8) million. The adjusted 720 3.2% 2.5% EBIT margin amounted to
Slide 11: Financial performance (2/2)
Financial performance (2/2) Financials • Adjusted cash flow from operating activities 52 amounted to SEK -2.1 (26.8) million during the first quarter. • Net debt/adjusted EBITDA amounted to 3.3x (3.5). • Cash and cash equivalents amounted to SEK 10.9 (12.7) million. -2 -27 Q1 2024 Q1 2025 Q1 2026 Ad
Slide 12: Performance per segment – Rock Sweden
Performance per segment – Rock Sweden SEKm 500 453 474 454 458 449 429 379 392 400 • External net sales for the first quarter amounted 300 to SEK 458.4 (429.0) million. The segment’s organic growth increased by 7% during the 200 quarter. 100 • EBIT for the first quarter amounted to SEK 29.7 0 (21.8)
Slide 13: Performance per segment – Rock Norway
Performance per segment – Rock Norway SEKm 300 266 260 250 231 224 215 216 188 • External net revenue in the segment for the first 200 157 quarter amounted to SEK 187.7 (157.4) million. 150 Mainly attributable to higher market activity. 100 Organic growth amounted to 22%. 50 • The EBIT margin amount
Slide 14: Performance per segment – Foundation Sweden
Performance per segment – Foundation Sweden SEKm 300 241 250 228 194 189 198 • External net revenue during the first quarter 200 176 181 165 decreased by -32% and amounted to SEK 164.7 150 (241.1) million. The challenging market, with 100 lower housing construction, has continued and 50 overall dema
Slide 15: Sustainable financial outlook
Sustainable financial outlook NET SALES DEVELOPMENT ADJUSTED EBITDA DEVELOPMENT ADJUSTED EBIT DEVELOPMENT -4% 493 -7% 3% SEKm SEKm 3 526 244 485 SEKm 25% 3 451 -7% 3 434 173 3 402 141 148 461 457 122 3 305 451 7.0% 14.6% 14.5% 13.7% 13.6% 13.4% 7.2% 4.9% 3.7% 4.3% 2022 2023 2024 2025 2026 Q1 2022 20
Slide 16: Net debt and leverage
Net debt and leverage DEBT RATIO (NET DEBT/EBITDA) • Net debt amounts to SEK 1,522m (1,541). 3,6 3,6 3,5 3,5 3,5 3,2 3,2 3,3 • Machine loans amounts to SEK 444m and lease liabilities to SEK 272m. 2,5 • Debt ratio (net debt/EBITDA LTM) amounts to 3.3x (3.5). • Cash and cash equivalents amounts to SEK
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