Dovre Group Plc · OMXHEX:DOV1V
Dovre — Shareholder Meeting (June 2021)
17 slides from Dovre's shareholder meeting presentation, Jun 10, 2021
Slide 1: Annual General Meeting Dovre Group plc
Annual General Meeting Dovre Group plc June 10, 2021
Slide 2: Agenda of the Annual General Meeting
AGENDA OF THE ANNUAL GENERAL MEETING 1. Opening of the meeting 2. Calling the meeting to order 3. Election of persons to confirm the minutes and to verify the counting of votes 4. Recording the legal convening of the meeting and quorum 5. Recording the attendance at the meeting and adoption of the v
Slide 3: 2020 Highlights
2020 Highlights Some key items: • Dovre Group restructured its 3 companies in Norway to the 2 companies : Dovre Group Energy and Dovre Group Consulting • Directed issue to sellers of Tech4Hire in February 2020 • We signed several new frame agreements both in public and private sector • Together with
Slide 4: Key figures
Key figures EUR million 1-12/2020 1-12/2019 Change Net sales 77,5 83,1 -6,8 % Operating result 2,4 2,7 -11,3 % % net sales 3,1 % 3,3 % Result before taxes 2,2 2,6 -16,7 % % net sales 2,8 % 3,2 % Result 1,6 2,1 -23,5 % % net sales 2,1 % 2,5 % Net cash flow from operations 4,2 1,3 223,1 % Personnel (p
Slide 5: Key performance indicators
Key performance indicators EUR million FY 2020 FY 2019 Change Cash and cash equivalents 8,5 5,8 46,7 % Interest bearing liabilities 6,1 5,8 4,6 % Net debt -2,4 0,0 Shareholders' equity 23,9 24,3 -1,7 % Balance sheet total 44,5 49,5 -10,0 % Debt-equity reation (gearing) -10,1 0,2 Equity per share (EU
Slide 6: Quarterly Net sales (2017-2020)
Quarterly Net sales (2017-2020) 23.3 23.6 21.6 20.9 19.5 17.3 17.8 17.2 16.4 16.3 16.5 15.5 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20
Slide 7: Quarterly Operating result (2018-2020)
Quarterly OPERATING result (2018-2020) 0.80 0,25 0.71 0.69 0.70 0.60 0.60 0.60 0.50 0.45 0.40 0.30 0.27 0.28 0.24 0.20 0.18 0.10 0.07 0.05 0.00 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20
Slide 8: Net sales and operating result by Business area
Net sales and operating RESULT by Business area January – December, MEUR Comments Net sales Operating result Net sales: • Project Personnel accounted for 81 (93) % and Consulting for 19 (7) % of the Group’s net sales 100 4 • Net sales for Project Personnel decreased by 18 %, totaling EUR 62,9 (77) m
Slide 9: Events after yearend
Events after yearend • Signed Frameagreement with Statsbygg • Signed frameagreement with Gassnova • Purchased majority share of Suvic • Suvic won three new wind mill park projects in May. Suvic will bring seasonality into Dovre`s quarterly revenue. This will be further explained in our H1 reporting.
Slide 10: Outlook for 2021
Outlook for 2021 New Outlook for 2021 published April 28th: Dovre Group’s net sales in 2021 is expected to be more than EUR 110 million (2020: 77 million) and the operating profit (EBIT) is expected to be more than EUR 3.5 million (2020: 2.4). Previous guidance (published March 31, 2021): Dovre Grou
Slide 11: Agenda continued
Agenda continued 8. Resolution on the use of the profit shown on the balance sheet and resolution on the payment of dividend • The parent company’s distributable funds are EUR 18,470,517.04. The Board of Directors proposes to the AGM that a dividend of EUR 0.01 per share to be paid. The Board of Dir
Slide 12: Remuneration Policy for the Governing Bodies of Dovre Group Plc
10.Remuneration Policy for the Governing Bodies of Dovre Group Plc • Approved by the Board of Directors on 26 March 2020. • Presented to the Annual General Meeting of Shareholders on 28 April 2020. • Dovre Group’s remuneration reporting consists of the Remuneration Policy presented to the Annual Gen
Slide 13: Remuneration Report 2020
10. Cont. Dovre Group Plc Renumeration Report 2020 • The Dovre Group Plc’s remuneration report has been prepared according to the remuneration reporting section instructions of the Finnish Corporate Governance Code 2020. • The Annual General Meeting decides on the remuneration of the Board of Direct
Slide 14: Agenda continued
Agenda continued 11. Resolution on the remuneration of the members of the Board of Directors • The shareholders representing over 37% of the total shares in the Company propose to the AGM that the annual remuneration payable to the Board members shall be as follows: The chairman of the Board is paid
Slide 15: Agenda continued
Agenda continued 13. Election of the members of the Board of Directors • The shareholders representing over 37% of the total shares in the Company propose Ilari Koskelo, Kristine Larneng, Antti Manninen and Svein Stavelin, all current members of the Board, to be reappointed as members of the Board.
Slide 16: Agenda continued
Agenda continued 16. Authorizing the Board of Directors to decide on the repurchase of the Company’s own shares • The Board of Directors proposes that the AGM resolves on authorizing the Board of Directors to decide on the repurchase of the Company’s own shares, on the following conditions: • a) By
Slide 17: Agenda continued
Agenda continued 17. Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of other special rights entitling to shares The Board of Directors proposes that the AGM would resolve on authorizing the Board of Directors to decide on (i) the issuance of new shares