Prevas Ab Class B · OMXSTO:PREV_B
Prevas Ab Class B — FY2023 Earnings Presentation
18 slides from Prevas Ab Class B's earnings presentation, Feb 14, 2024
Slide 1: Hello Investors – Year-end report 2023
Hello Investors Year-end report 2023 2024-02-14
Slide 2: Agenda
Agenda. Prevas Year-end report 2023 1. Introduction 2. Financial performance and comments 3. The market and way forward 4. Q&A 2/14/2024
Slide 3: Prevas in Brief
Prevas in Brief • Engineering consultancy founded in 1985 • 900 employees in Denmark, Norway and Sweden • Sustainable product- and production development for the Nordic market • Strong profitability with continuous growth • Successful track record of spearhead acquisitions • Well positioned in the m
Slide 4: Financial Performance
Financial Performance 2024-02-14
Slide 5: Stable Quarter in a Dynamic Market
Stable Quarter in a Dynamic Market Q4 2023 2022 Change Turnover (MSEK) 399.3 389.7 +2.5% EBITA (MSEK) 44.2 52.2 -15% EBITA Margin 11.1% 13.4% EPS (SEK) 2.42 2.72 -11% Op. Cash flow (SEK) 41.2 27.8 +48% Net effect of one less working day approx. 5 MSEK.
Slide 6: All-time High 2023
All-time High 2023 Full year 2023 2022 Change Turnover (MSEK) 1 482.6 1 324.0 +12.0% EBITA (MSEK) 169.4 164.5 +3% EBITA Margin 11.4% 12.4% EPS (SEK) 9.23 9.29 -1% Op.Cash flow (SEK) 164.5 103.3 +59% Net effect of two less working days approx. 10 MSEK.
Slide 7: Long-term Value Creation
Long-term Value Creation Quarterly turnover and rolling 12 revenue growth Quarterly EBITA and rolling 12 EBITA margin 14% 400 180 50% 12% 10% 300 40% 130 8% 30% 6% 200 80 20% 4% 10% 30 2% 100 0% 0% - 20 -2% 0 -10% 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 EBITA (MSEK) EBI
Slide 8: Earnings per Share, SEK
Earnings per Share, SEK 10 9,29 9,23 8,07 8 6 4,54 4 3,16 2 0,46 0 2018 2019 2020 2021 2022 2023 2024-02-14
Slide 9: Cash Flow Highlights
Cash Flow Highlights MSEK Q4 2023 Q4 2022 Cash flow from operating activities 41 28 Cash flow from investment activities -10 -13 Cash flow from financing activities -19 -13 Cash flow from the period 12 2 Cash 112 83 2024-02-14
Slide 10: Financial Position
Financial Position Financial goal: The net debt/EBITDA ratio should not exceed 2 over time. MSEK Q4 2023 FY 2022 Net debt excl rights-of-use assets -65 -20 /EBITDA R12 205 193 Net debt/EBITDA -0.32 -0.10 Equity ratio 60.3% 56.9% 2024-02-14
Slide 11: Strong Financial Position
Strong Financial Position • Low net debt • Strong operational cashflow • Strong balance sheet & solid financial situation • Suggested dividend – increase to 4,75 SEK / share (4,50 SEK / share) 2024-02-14
Slide 12: Business Update
Business Update Prevas welcomes DVel • Experts in advanced test & measurement • 25 qualified experts, 50% with PhD degree • Consolidated from 2nd of October Several important orders • MES system - steel industry • EAM (SaaS) solution - battery material producer • Major support agreement SW - vehicle
Slide 13: Prevas Going Forward
Prevas Going Forward
Slide 14: Market Update
Market Update Industry breakdown, 2023 • High demand in green transition, cyber security and defense • The competition on consultancy assignments remains high in some areas • Prevas is well positioned • We view the market as normal The long-term demand for advanced The largest customers, 2023 (<25%
Slide 15: Hello Transition
Hello Transition • Sustainability is integrated in the DNA of Prevas • Internal target to reduce CO2 with 50% until 2030 • Major impact in customer assignments and projects • Prevas makes a real difference • EU legislation CSRD – in progress Huge business opportunity ahead 2024-02-14
Slide 16: Summary
Summary • All-time-high 2023 - in line with financial targets • Strong cashflow & solid financial platform • Suggested increase of dividend • Successful spearhead acquisitions • Well positioned in growing sectors • Executing on our long-term endeavors to strengthen our position as a premium company
Slide 17: Questions are Welcome
Questions are Welcome 2024-02-14
Slide 18: Prevas | Hello Possibility.
Prevas | Hello Possibility.