Slide 1: Q2 2023 presentation
Q2 2023 presentation 6 August 2023
Slide 2: Continued increase of activity in Agora Bytom
Continued increase of activity in Agora Bytom Latest trends and developments Revenue development (NOKm)1 ▪ Turnover among the tenants in Agora Bytom increased with 7.1% in H1 Growth: -7 % 11 % 8% 19 % 17 % 2023 compared to H1 2022 ▪ Number of visitors in H1 2023 increased with 5.4% compared to H1 20
Slide 3: Continued improvement in retail sales and footfall
Continued improvement in retail sales and footfall Latest trends and developments Retail sales (turnover ‘18-’23) ▪ Turnover at Agora Bytom were up 10.6 % LTM end of June 2023 25,000,000 compared to LTM end of June 2022 20,000,000 ▪ By June-end 2023, footfall improved by ~0.9% year-on-year, while LT
Slide 4: Diversified tenant base
Diversified tenant base Comments Highly diversified tenant base ▪ Wault by area = 3.33 years Lettable area per tenant 100.0% ▪ Wault by income = 3.36 years 58.9% 2.4% 2.4% ▪ Due date for top ten tenants are 2.9% 2.7% 4.3% 4.4% spread, first due date in 2024, then 4.6% 4.4% 7.5% 5.4% next in 2027 Ten
Slide 5: Industry segment with continued growth in both revenues and EBITDA
Industry segment with continued growth in both revenues and EBITDA Recent trends and developments Revenue development (NOKm) ▪ In Q2 2023, the refractory segment had a turnover of NOK 299.0m Growth: 6% 2% 11 % 10 % 33 % - EBITDA for Q2 2023 increased by NOK 6.3m compared to Q2 2022 - In 2022, refrac
Slide 6: Quarterly revenue and EBITDA development for the Group
Quarterly revenue and EBITDA development for the Group Revenue, EBITDA and EBITDA-margin Sales (lhs.) EBITDA (lhs.) EBITDA% (rhs.) NOKm % 350 100% 317 90% 300 256 80% 245 254 250 240 227 224 230 70% 214 209 207 206 213 219 197 204 196 200 192 191 60% 169 168 177 176 155 156 50% 150 139 40% 100 30% 4
Slide 7: Key P&L items
Key P&L items Income statement 2023 2022 (NOK 1,000) 01.04- 30.06 01.04- 30.06 Revenue 316 745 239 855 COGS -239 024 -118 391 Personnel -34 527 -83 663 Other OPEX -25 561 -30 896 EBITDA 17 633 6 905 D&A -4 150 -7 085 EBIT 13 483 -180 Net finance -11 156 -8 729 Pre-tax income 2 327 -8 909 Tax 3 948 -
Slide 8: Key balance sheet items
Key balance sheet items Balance sheet 2023 2022 2023 2022 (NOK 1,000) 30.06 31.12 (NOK 1,000) 30.06 31.12 Equity 562 342 507 873 Intangible assets 113 038 104 788 Provisions / reserve for liabilities 5 503 5 987 Buildings 39 594 28 515 Secured debt 56 844 480 258 Investment properties 826 121 745 00
Slide 9: Cash flow statement
Cash flow statement Cash flow 2023 2022 (NOK 1,000) 01.01-30.06 01.01-30.06 Cash flow from operating activities before balance changes 16 859 -16 432 +/- Balance changes -7 044 -43 542 Cash flow from operating activities 9 815 -59 974 Payments to other investments -9 826 -7 471 Inflows from other in
Slide 10: Summary: Positive development in the second quarter of 2023
Summary: Positive development in the second quarter of 2023 Strong operations in Q2 2023 ▪ The group increased revenues with 32.1% in Q2 2023 compared to Q2 2022, mainly driven by increased activity within Höganäs Borgestad. ▪ EBITDA improved with NOK 10.7m in Q2 2023 Reclassification of debt ▪ Long
Slide 11: Gunnar Knudsensveg 144 3712 Skien Norway
Gunnar Knudsensveg 144 +47 35 54 24 00 3712 Skien post@borgestad.no Norway borgestad.no 11