Nyab Ab · OMXSTO:NYAB
Nyab Ab — Investor Presentation (May 2024)
17 slides from Nyab Ab's investor presentation, May 2024
Slide 1: Company presentation
Company presentation 1
Slide 2: NYAB in brief
NYAB in brief NYAB founded Employees Q1’24 Specialised contractor of sustainable 2013 419 infrastructure and renewable energy projects Revenue LTM Q1’24 Free cash flow LTM Q1’24 300 35 End-to-end provider focused MEUR MEUR on three growth markets Nordic focus EBIT LTM Q1’24 EBIT margin LTM Q1’24 Inf
Slide 3: Company journey and milestones
Expands to Finland by Business area reverse takeover of Skarta. Construction is Reaches 100 Listing on First North Reaches 400 established employees Helsinki employees 2013 2014 2017 2018 2019 2021 2022 2023 2024 Journey starts Group company Group company Skarta Energy JV is NYAB to change its NYAB
Slide 4: Long history of uninterrupted profitable growth
Long history of uninterrupted profitable growth Financial performance, NYAB EURm 300,4 280,4 253,3 93,0 51,6 93,2 11,8% 10,6% 207,4 10,0% 10,2% 10,2% 8,5% 187,2 7,9% 131,7 201,7 7,4% 123,0 96,2 5,9% 5,6% 5,4% 77,8 45,1 29,5 31,1 8,2 0,0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM Q1'2
Slide 5: Focus on sustainable infrastructure and renewable energy projects
Focus on sustainable infrastructure and renewable energy projects NYAB sector focus Infrastructure Energy Industry ▪ Roads, bridges, airports and railways ▪ Implementing renewable energy ▪ Various types of industrial facilities ▪ Land, water and underground projects (e.g. wind and solar power) ▪ Hea
Slide 6: Selected projects
Infra Energy Multiple fiber network “OPTO Constructing a large-scale 2.0” contracts to enable ERTMS 102.5 MWp solar farm in implementation Utajärvi, northern Finland Energy Industrials Constructing a 90 km section Groundworks for a large-scale of Aurora Line, the 400 kV battery anode plant for Talga
Slide 7: Targeting sectors exposed to global mega trends
Targeting sectors exposed to global mega trends Green transition investments ▪ Significant growth of RES expected coming 10 years RES power production SE/FIN1) ▪ Increased electrification puts stress on the already underinvested electricity Green transition transmission capacity EUR +300bn Planned L
Slide 8: Underlying market growth expected to remain at high levels in NYAB's core markets
Underlying market growth expected to remain at high levels in NYAB’s core markets Swedish construction industry Finnish construction industry Sweden Norrbotten County Finland SEKbn (excl. housing) SEKbn (excl. housing) EURbn (excl. housing) 406,9 423,6 404,4 372,6 17,5 16,7 19,7 16,6 16,6 18,8 15,9
Slide 9: Asset-light operating model focused on design and project management
Asset-light operating model focused on design and project management NYAB white-collars, %1) Overview of the value chain ~70 Project managers Engineers Site managers NYAB variable costs, %2) Main contractor: NYAB ~85 Foundation and Project development Project management Construction excavation Servi
Slide 10: Industry-leading performance compared to peer groups
Industry-leading performance compared to peer groups Superior historical average Focused on high value-add Macro headwinds in 2023 Average EBIT margin, L5Y1) Revenue per FTE comparison 2023, EURk1) EBIT margin, 2023 9,1% 696 8,2% Organisational scale- up set for significantly higher growth 471 6,9%
Slide 11: High-performance culture focused on profitability
High-performance culture An attractive and healthy focused on profitability workplace is our first priority Supported by incentivised high- performance company culture >7,5% eNPS LTIF4 61 ~4.0-6.0 54 +3x ~0.5x 3-4% 1,9 19 Industry NYAB SWE NYAB FIN Industry benchmark NYAB benchmark Industry avg. Sec
Slide 12: High-performance business with profitable growth
High-performance business with profitable growth Quarterly revenue development Quarterly EBIT development EURm EURm 90,3 89,8 88,1 87,8 19,2 65,3 59,2 55,7 21,4% 39,2 3,9% 5,8% 6,2% 7,5% 7,5% 0,7% -4,9% -5,2% 6,6 6,6 5,2 4,0 17,5 2,2 0,4 -0,9 -2,1 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'2
Slide 13: Listing in Sweden provides the best basis for creating further shareholder value
Listing in Sweden provides the best basis for creating further shareholder value Key objectives AUM domestic funds, EURbn1) 100 80 Improve stock ▪ Liquidity is significantly higher, especially for small and mid-caps 60 liquidity ~15x 40 20 Gain commercial ▪ Improves awareness, employer attractivenes
Slide 14: Strong potential for continued growth
Strong potential for continued growth NYAB EBIT Selective M&A ▪ Selective approach to M&A Organic expansion ▪ Need to see clear path to value creation ▪ New regions in existing markets ▪ New geographies, new capabilities Market growth ▪ New adjacent sub-segments, e.g. or significant synergies underw
Slide 15: Long-term financial targets and past performance
Long-term financial targets and past performance Long-term financial targets LTM Q1’24 Annual revenue growth >10% 9.3% EBIT margin >7.5% 5.9% Net debt / EBITDA <1.5x -0.8x Dividend >35% 62/109%1) (% of net profit) 16 1) Capital repayment paid in April 2024 calculated as a share of net profit for the
Slide 16: Why invest in NYAB?
Why invest in NYAB? Exposure to attractive growth markets with less 1 cyclical characteristics Empowering high-performance culture 2 generating industry-leading margins Superior growth track-record and ability to 3 leverage the business model Project: Tampere region’s new central wastewater treatmen
Slide 17: Thank you!
Thank you! [email protected] nyabgroup.com 18