Scandic Hotels Group Ab · OMXSTO:SHOT
Scandic Hotels Group Ab — Q1 2025 Earnings Presentation
16 slides from Scandic Hotels Group Ab's earnings presentation, Apr 15, 2025
Slide 1: Q1 Report, April 15, 2025
Scandic Q1 REPORT April 15, 2025 Scandic Your friend fews
Slide 2: Q1 Report 2025 highlights
Q1 REPORT 2025 • Solid performance with improved net sales and results • Overall good market situation • Progress in key commercial and operational initiatives • Good booking situation for the second quarter • Well-positioned for the future – monitoring the situation closely 2
Slide 3: Adjusted EBITDA per quarter 2022-2025, MSEK
Q1 REPORT 2025 ADJUSTED EBITDA PER QUARTER 2022-2025, MSEK 1,400 • Adjusted EBITDA of 101 (33) MSEK, 1,200 corresponding to a margin of 2.2% (0.7) 1,000 800 • Solid demand in combination with 600 high efficiency and good cost control 400 200 0 -200 -400 Q1 Q2 Q3 Q4 2022 2023 2024 2025 3
Slide 4: Market occupancy
Q1 REPORT 2025 MARKET OCCUPANCY SWEDEN NORWAY 62% 56% 54% 57% 55% 54% 57% 54% 49% 51% 47% 47% Jan-24 Feb-24 Mar-24 Jan-25 Feb-25 Mar-25 Jan-24 Feb-24 Mar-24 Jan-25 Feb-25 Mar-25 FINLAND DENMARK 57% 60% 62% 54% 54% 56% 51% 53% 56% 46% 49% 51% Jan-24 Feb-24 Mar-24 Jan-25 Feb-25 Mar-25 Jan-24 Feb-24 Ma
Slide 5: Market average room rates
20 40 60 80 0 100 120 140 160 Jan 2020 Feb 2020 Mar 2020 Q1 REPORT 2025 Apr 2020 May 2020 Jun 2020 Jul 2020 Source: Benchmarking Alliance. Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 MARKET AVERAGE ROOM RATES Sweden Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 INDEXED TO CORRESPON
Slide 6: Market RevPAR
20 40 60 80 0 100 120 140 160 180 Jan 2020 Feb 2020 Q1 REPORT 2025 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 MARKET REVPAR Source: Benchmarking Alliance. Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Sweden Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 INDEXED TO CORRESPONDING MON
Slide 7: Hotel development pipeline as of March 31, 2025
Q1 REPORT 2025 As of March 31, 2025 No. of Year Hotel Destination rooms Q2 2025 The Dock 69°39 by Scandic Tromsø, Norway New 305 Q3 2025 Scandic Go, Oulu Oulu, Finland New 144 Q4 2025 Scandic Stuttgart Stuttgart, Germany New 174 Q2 2026 Scandic, Ski Oslo, Norway New 220 Q4 2026 Signature Collection,
Slide 8: Commercial and operational initiatives
Q1 REPORT 2025 • Launching the new Scandic website and app • The partnership with SAS is progressing well • Full implementation of new workforce management platform 8
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Slide 10: Net sales and adjusted EBITDA by country
Q1 REPORT 2025 • Improved revenues Net sales Adjusted Adjusted EBITDA EBITDA margin ‒ Organic growth of 3.8% (LFL 3.4%) Q1 Q1 Q1 Q1 Q1 Q1 MSEK 2025 2024 2025 2024 2025 2024 • Strengthened results Sweden 1,343 1,325 59 66 4.4% 5.0% ‒ Adjusted EBITDA of 101 MSEK (33), with a margin of 2.2% (0.7) Norwa
Slide 11: Free cash flow per quarter and LTM
Q1 REPORT 2025 • Operational cash flow of 2,015 MSEK LTM Free cash flow per quarter and LTM, MSEK Free cash flow Free cash flow from operations LTM • Investments in line with plan 2,500 • Improved free cash flow of -680 (-733) 2,071 2,034 1,966 2,015 2,000 1,856 1,500 1,000 500 0 -500 -1,000 Q1 2024
Slide 12: Net debt and net debt to adjusted EBITDA
Q1 REPORT 2025 • Net debt of 998 MSEK (2,302) Net debt to adjusted EBITDA LTM • Net debt to adjusted EBITDA of 0.4x (0.9) 0.9x 0.7x 0.4x 0.1x 0.0x Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 12
Slide 13: Ambition on buybacks and dividends
Q1 REPORT 2025 AMBITION 550 MSEK Extra dividends of 550 MSEK paid out in December 2024 ON BUYBACKS AND DIVIDENDS Launched buy-back program of 300 MSEK 300 MSEK in December 2024 Proposed ordinary dividends of 2.60 per share 570 MSEK (570 MSEK), Financial year 2024 Intention to launch a new buyback 50
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Slide 15: Outlook for the second quarter
Q4 REPORT 2024 • Based on current booking situation, we expect good demand during the spring and summer months • For the second quarter, we anticipate somewhat higher occupancy levels and room rates than last year • Well-positioned for the future – monitoring the situation closely 15
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