Green Landscaping Group Ab · OMXSTO:GREEN
Green Landscaping Group Ab — Q3 2024 Earnings Presentation
20 slides from Green Landscaping Group Ab's earnings presentation, Oct 25, 2024
Slide 1: Presentation of Green Landscaping Group's Q3 2024
P R E S E N TAT I O N O F G R E E N L A N D S C A P I N G G R O U P ’ S Q3 2024 JANUARY – SEPTEMBER 2024 25 OC TOBER 2024 Sid 1
Slide 2: Green Landscaping Group – A home for entrepreneurs
Green Landscaping Group A leading company in the ground maintenance and landscaping industry Active on a very attractive market Applying the right business model A HOME FOR Well proven M&A strategy ENTREPRENEURS Sid 2
Slide 3: Summary
Summary Rolling twelve months Q3 Net sales increased by 7% to SEK 6,235 million Net sales increased by 8% to SEK 1,539 million - Organic growth contributed by 2% - Organic growth contributed by 3% - Acquisitions contributed by 7% EBITAincreased by 1% and amounted to SEK 130 million - Changed e
Slide 4: Steady growth
Steady growth sek million Net sales sek million 2 000 10 000 1 600 8 000 1 200 6 000 800 4 000 Steady growth of net sales and 400 2 000 0 0 EBITA over time Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 2024 Net sales Net sales, RTM (höger axel) sek million EBITA sek million Stable market and
Slide 5: Sweden
Sweden Share of net sales, RTM Share of EBITA. RTM 46% 29% Rolling twelve months Net salesincreased insignificantly to SEK 2,856 million sek million 1000 Net sales sek million 3 500 EBITAdecreased by 10% to SEK 173 million, margin 6.1% (6,7) 800 2 800 Impairments and losses in one subsidiary, an
Slide 6: Norway
Norway Share of net sales, RTM Share of EBITA. RTM 40% 42% Rolling twelve months Net salesincreased by 4% to SEK 2,516 million sek million 800 Net sales sek million 4 000 - Organicgrowth contributed5% 700 3 500 Acquisitions contributed 3% 600 3 000 - 500 2 500 - Changed exchangeratescontributed-4%
Slide 7: Other Europe
Other Europe Share of net sales, RTM Share of EBITA. RTM 14% 28% Rolling twelve months Net salesincreased by 63% to SEK 866 million sek million 350 Net sales sek million 1 050 - Organicgrowth contributedby -2% 300 900 - Acquisitions contributedby 64% 250 750 200 600 - Changed exchangeratescontribu
Slide 8: Acquired companies Q3 2024 – A. Markussen AS
Acquired companies Q3 2024 A. Markussen AS Founded in 1978 Operates in Northern Norway with headquarter in Narvik Offers full range of services in landscaping, gardening services, infrastructure and maintenance of outdoor environments Annual sales of approximately NOK 130 million 45 employ
Slide 9: Acquired companies Q3 2024 – Stange Grünanlagen & Winterdienst
Acquired companies Q3 2024 Stange Grünanlagen & Winterdienst GmbH Founded in 2009 Operates in Neubrandenburg Provides maintenance services for public areas including winter services for outdoor areas Annual sales of approximately EUR 4 million 15 employees Sid 9
Slide 10: Acquired companies Q3 2024 – BUK Garten- und Landschaftsbau
Acquired companies Q3 2024 BUK Garten- und Landschaftsbau GmbH Founded in 2011 Operates in greater Munich area Creates and maintains high-end gardens Annual sales of approximately EUR 8.5 million 30 employees Sid 10
Slide 11: Announced acquisition Q3 2024
Announced acquisition Q3 2024 Turun Reunakivi- ja Laatta-asennus Oy Founded in 1985 Operates in Turku, Finland Offer full range of landscaping and maintenance services Annual sales of approximately EUR 3.6 million 20 employees Sid 11
Slide 12: Financials
FINANCIALS Sid 12
Slide 13: Key financials
Key financials Net sales at SEK 1.5 billion for the quarter and SEK 6.2 billion rolling twelve months Q3 Q3 SEK million RTM EBITA margin at 8.4% for the quarter and rolling twelve 2024 2023 months, respectively NET SALES 1,539 1,430 6,235 - Strong contribution from segment Rest of Europe - Highe
Slide 14: Cash flow
Cash flow Cash flow from operating activities amounting to Cash flow from operating activities SEK 399 (365) million rolling twelve months sek million sek million 250 600 Cash flow from operating activities amounting to 200 500 SEK 121 (-2) million in Q3 150 400 100 300 Cash and cash equivalen
Slide 15: Cash flow bridge
Cash flow bridge ‘SEK million EBITA 130. = eee 96 ro eBIT Amortization Net of Change inNWC Cash flowftom Acquisitions. «Capex & Other NewLoans ~—-Debtrepayment Repurchase Cash flow for depreciation, Operating Investing & other items of shares the period interest and tax Activitites Activities sid5 G
Slide 16: Financial leverage
Financial leverage Financial leverage amounted to 2.7X (2.5X) Financial leverage 3,0 Level above financial target, yet with significant headroom 2,5 to financial covenant 2,0 Steady state means deleveraging through cash flow from 1,5 operating activities 1,0 0,5 0,0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 17: Loan maturity profile
Loan maturity profile Total maturities amounting to SEK 2,093 million Loan maturity - Short-term SEK 96 million 2 400 - Long-term SEK 1,997 million 2 000 Only covenant being Net debt / EBITDA pro forma. 1 600 Current level leaves plenty of headroom 1 200 800 400 0 < 1 year 2025 2026 Bank Loans S
Slide 18: Financial targets
Financial targets Growth EBITA margin Leverage (ND/EBITDA) Dividend (%ofNI) 10% 8% 2.5x 40% Approximately 40% of profit for the year shall be distributed as dividends to shareholders. The Sales shall, on average, Net debt in relation to EBITDA EBITA margin shall, on average, dividend proposal shall
Slide 19: Summary
Summary Rolling twelve months Q3 Net sales increased by 7% to SEK 6,235 million Net sales increased by 8% to SEK 1,539 million - Organic growth contributed by 2% - Organic growth contributed by 3% - Acquisitions contributed by 7% EBITAincreased by 1% and amounted to SEK 130 million - Changed e
Slide 20: Sid 20
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