Multiconsult Asa · OSL:MULTI
Multiconsult Asa — Nordea's Virtual Energy Days (April 2024)
18 slides from Multiconsult Asa's conference presentation, Apr 9, 2024
Slide 1: Multiconsult ASA - Nordea's Virtual Energy Days
Multiconsult ASA (OSLO: MULTI) Nordea´s Virtual Energy Days Thor Ørjan Holt | EVP Sales 9 April 2023
Slide 2: Market & Sales
MARKET & SALES THOR ØRJAN HOLT | EVP SALES
Slide 3: We are core business portfolio
WE ARE CORE BUSINESS PORTFOLIO 3 700 skilled architects Architecture, consulting > 10 000 projects for and engineers in and multidisciplinary > 4 500 public and Scandinavia, Poland engineering within the private clients and UK construction industry in more than 20 countries annually
Slide 4: Our market
OUR MARKET Architecture, consulting and multidisciplinary engineering within the construction industry > 4 500 CLIENTS > 10 000 PROJECTS > 20 COUNTRIES
Slide 5: Target | Profitability
TARGET | PROFITABILITY 450 11 400 10 9 EBITA 350 8 300 7 Margin* 250 6 EBIT margin % NOK million 200 5 10% 4 150 3 100 2 50 1 0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 *measured on an annual basis, exclusive extraordinary items EBITA EBITA margin
Slide 6: Ambition | Revenue growth
AMBITION | REVENUE GROWTH +14.6% 5 000 4 500 +11% Ambition of 4 000 CAGR 8-10% 3 500 NOK million 3 000 NOK million revenue growth 2 500 over the cycle*, 2 000 including M&A 1 500 1 000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Net operating revenues *cycle 2022-2026
Slide 7: Target | Gearing and equity
TARGET | GEARING AND EQUITY • Maintain financial strength Gearing ratio • Taking into consideration: • Financial position and balanced loan portfolio Normal: 1.0 - 2.0x max 2.5x • Expected organic investment Special: 3.0x up to 18 months requirements, M&A considerations • Seasonal change in working
Slide 8: Market share in Norway
MARKET SHARE IN NORWAY Engineering ~ 14% Architecture ~ 15% Source: RIF estimate and Byggeindustrien Excl. Oil and gas industry
Slide 9: Market structure 2023
MARKET STRUCTURE 2023 OPERATING MULTICONSULT BUILDINGS & MOBILITY & ENERGY & WATER & REVENUES GROUP PROPERTIES TRANSPORTATION INDUSTRY ENVIRONMENT 10% 28% 22% % OF TOTAL 39% 2023 NOK million 5 626 2 219 1 600 1 254 553 Change y-o-y 16% 9% 15% 31% 14%
Slide 10: Order backlog | 2023
Order backlog | 2023 5 500 35.4% 4 883 5 000 4 500 4 000 3 608 3 500 NOK million 3 000 2 500 2 000 1 500 Buildings & Properties 1 000 Energy & Industry 500 Mobility & Transportation Water & Environment 0 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 4Q 4Q 2020 2021 2022 2023 2022 2023 Note: Variations in t
Slide 11: Energy
ENERGY Renewable energy Power systems Sustainable fuels Process facilities Marine structures and electrification and energy storage
Slide 12: Renewable energy
RENEWABLE ENERGY • Multiconsult has one of the largest and most qualified groups of solar energy experts in Scandinavia, closely following the fastest- growing energy technology in the world • Multiconsult is a leading consultant in the Norwegian wind power industry – both onshore and offshore • Mul
Slide 13: Power systems and electrification
POWER SYSTEMS AND ELECTRIFICATION • Statnett has awarded Multiconsult several frame agreements for development of the Norwegian national grid (2024 – ongoing) • Multiconsult is the main designer for grid connection of Hammerfest LNG (HLNG) Plant and the Yggdrasil Field (2022 – ongoing) • Multiconsul
Slide 14: Sustainable fuels and energy storage
SUSTAINABLE FUELS AND ENERGY STORAGE • Multiconsult is a preferred consultant for localisation studies and development of energy production plants along the Norwegian coastline • Multiconsult is the main civil designer for the Equinor, Northern Lights project — Norway’s first license for CO₂ storage
Slide 15: Process facilities
PROCESS FACILITIES • Multiconsult performs engineering services for the development and operations of Norway's major onshore processing plants • Equinor has selected Multiconsult as one of their key engineering partners through long- term frame agreements • Multiconsult is committed to support the N
Slide 16: Marine structures
MARINE STRUCTURES • Word leading competence within design of marine concrete structures. Our experience gained from offshore oil & gas structures are now utilised in offshore wind projects, both in USA, UK and Norway • Multiconsult has on behalf of Aker Solutions performed the concrete design of the
Slide 17: Energy market outlook
ENERGY MARKET OUTLOOK • Overall energy market outlook remains strong • Robust pipeline with a stable number of upcoming projects • We expect growth within power transmission • Renewable energy marked remains stable • Offshore wind marked in Norway generates increased number of opportunities • Politi
Slide 18: Multiconsult
Multiconsult Multiconsult
Multiconsult — Nordea's Virtual Energy Days (April 2024) on 6ix