ByggPartner Gruppen AB (publ)

Välkomna till Big Partner Gruppens presentation av Q3 2025. Med oss idag har vi vd Sture Nilsson och CFO Karin Mellegård-Järf. Under första delen av mötet är deltagarna i lyssnarläge och därefter kommer det finnas tid att ställa frågor till talarna. Under frågestunden kan deltagarna ställa frågor genom att trycka fyrkant 5 på sin telefon eller använda rutan under presentationen på webbsändningen. Jag lämnar nu över ordet till vd Sture Nilsson. Varsågod.

Tack för det. Då hälsar vi er välkomna till vår kvartalsgenomgång, kvartal 3 2025. Med mig har Karin Mellegård, Järf CFO. Vi tänkte att dra igenom och ge en brief av hur kvartal 3 utvecklades. Då tänkte jag faktiskt som vanligt att jag vill gärna börja med en kort beskrivning av byggpartnergruppen. how it looks, despite the fact that nothing dramatic has happened during the period when it comes to that structure. We are a clean-roasted construction entrepreneur that today has three large companies that we run, strongly locally anchored, where we want and feel that entrepreneurship is the basis of the respective companies that we have today. We have a total of 900 employees in the company. We account for almost 5 billion, 4.9 billion we have today. Vi är etablerade i Mellansverige, framför allt i Meddalarna som bas, genom byggpartner, det största bolaget. Sedan finns vi som det ledande byggbolaget i Östergötland genom Olin Ekeroth, som har fem kontor i Östergötland. Sedan har vi närvaro efter hela västkusten genom Flodels. If we say the north of our focus area, I would like to highlight again, among our focus areas, what characterizes 60% of our business is made up of collaboration, partnering businesses together with our customers. This is because we strive to, together with our customers, develop the conditions for the project early in order to then work in open collaboration together with our customers. This is a endeavor we have that As I said, about 60% of our business is in that form of partnership. Tree building is an important part of our offer. We have a lot of experience in all companies, and we also have the combined expertise in our own company, Dalarusgruppen. We clearly see an increased interest in tree building in the market, so we find it really fun to have that focus and expertise. Then we work with sustainability issues, successively strengthen it in the entire company. And of course, there will be three offers that are an important component, also in sustainability work. Then I thought I would go into summarizing the third quarter. And then I can directly say that I am incredibly pleased with the quarter. We have taken important steps forward in the quarter, despite the fact that it contains a semester period in July and early August. Vi fortsätter en positiv trend på alla fronter, vill jag säga. Därför är det naturligt att ta tillfället i akt att tacka alla våra duktiga engagerade medarbetare som faktiskt står bakom denna prestation. Vi har en stark position idag, tack vare den drivkraft vi har i vår organisation. Stort tack till våra medarbetare som är helt avgörande för det här. If I draw some highlights, Karin will get to the economic development in more detail, but I already want to raise a few overarching parts. Starting with the fact that we now have a really strong base of initial phase 1 collaboration with our customers. And that is a collaboration that has not yet been orderly started in production. But in that early stage, we have a collected potential production volume over time forward. which we have calculated to be 5 billion, which is still not in order, but which is a clear signal of where we have built future opportunities. We have not had such a large base before, so it is interesting to highlight that part. We had two strong quarter earlier in order entry and now we have almost the same strong quarter again, the third quarter, so we have a really strong actual order entry also during three quarters. And therefore, the order stock is also strengthened further, so we are up to 4.8 billion in order stock today. The turnover after these strong order entries that we have had now during three quarters, we now see the effect that the turnover has also begun to increase. So the quarterly turnover of 1.1 billion was actually 18% higher than last year. So we now see that as a result of this. The result is 45 million EBITDA. That's 3.9% up today. And it is important that all three segments we have now, all three companies, improve profitability, even if it is from different levels. And that is incredibly important for us. Then we especially raised the cash flow during the period. You know that in the construction industry, the cash flow fluctuates quite a lot between quarters, but we have 98 million in positive cash flows this quarter, and that is incredibly strong for us, confirmed by the trend we have in the company. So it's a little exaggerated, but you understand that we have a positive development in the quarter that KARA has come back to. I think it's natural to talk about some of the great projects we have that are at the heart of our entire business. And then I think that among the projects that we have listed, we'll start with the new site in Kvarnsveden in Bolänge, where we have now followed our customer Ekodatacenter after having a long-term collaboration in Falun. We are now building the fifth and sixth hall in Falun. Now it is a new site that on the data center in Kvarnsveden. So in Q3, we signed an order for 800 million, which covers the first data hall in Borlänge, as well as parts of the next hall. So you can see a picture of a fully built facility here in Borlänge. But as I said, it is the first and second hall that we are now building. And we have also renewed a long-term collaboration agreement with our customer. We can see that there is a high pressure on the demand for data capacity, which is really driven by AI in the market. We are really happy to have this long customer cooperation, which is the highest pressure right now. Since a long time, we have had a long and close collaboration with Saab. And as is well known now, SAAB is conducting a strong expansion within the defence side. And that means that in the summer we have started a large collaboration initiative together with SAAB. Especially now to build a new large office for 900 people. And it has started, or the design is underway now and the start of construction is expected to be in the spring of 2026. It also feels like a very exciting segment right now to be in this extensive part of the market. I would also like to mention another order in Gothenburg, where we are building a new sports hall that we ordered for 100 million SEK in quarter three. Production starts there immediately and the sports hall is expected to be completed in the summer of 2027. Then it is natural to mention some other projects that we are working on, that we are very proud of now. Here I want to say that in Linköping we are building student housing. It is in full production in 112 apartments. It is one of the few new construction projects of housing we have in the company today. It is very minimal with housing construction. So we are very happy to be able to build this. Then we have a long-term collaboration with Varbergs Bostad, where we successfully renovate housing. We continue to design in Gävle the big new reconstruction project for the hospital in Gävle. We expect it to be built in 2026, but it will be built in five years. But it's a really big project. We build a lot of trees with tree stumps. This is a really big project in Bålänge, where we are building a large sports hall. It will be completed next year. We are building a large office building in Motala in Fyraplan with KL trees. We have just started up in Gothenburg, a new building of elderly residents. Helt i trä med riktigt ambitiösa klimatmål i det projektet också. Det är lite grann vad som präglar vår verksamhet i dag underliggande när vi nu tittar på siffror. Därför tänkte jag lämna över till Karin.

Tack Sture. Om vi börjar titta på vår orderingång så har vi nämnt tidigare att vi har ju en väldigt stark orderingång även i kvartal 1-3. It goes up to almost 3.6 billion, and we are going to compare that by looking at how it looked in the previous three quarters. Then the goal was 0.8, so that's a double. In the 12th quarter, our order is at almost 5.9 billion, and if we compare that to how it looked at the start of 2024, the goal is 3.4 billion. This is a result of an increased demand during the quarter, inom vår dominerande marknadsegment samhällsfastigheter och industri. Vår orderstock visar vår framtida produktionsvolym i bekräftade åtaganden. Precis som Sture sa, till följd av den höga orderingången så har vi även detta kvartal en förbättrad och höjd orderstock. När vi stänger kvartalet så uppgår den till närmare 4,8 miljarder. När vi stängde vid årsskiftet så uppgick den till 3,2. As we have previously communicated, and as Sture also mentioned, there is a large proportion of ongoing phase 1 projects in our order stack. And that is the collaboration that has not yet been order registered. And when we closed in the third quarter, they rose to almost 5 billion. And for us, this means that the accumulated potential volume of future jobs rises to almost 10 billion. And that for us means that we have a stable platform for the future. Men med det sagt så vill vi även poängtera att vi håller fast vid vår selektiva ordning avseende vilka projekt vi ska räkna på i kombination med att vi prioriterar samverkansprojekt. Det innebär att vår nuvarande projektbas fortsätter att ha en hög lönsamhetspotential med en lägre risknivå. Fördelningen av when you look at it, the percentage has always been superior to social housing, and we also see that in this quarter. The proportion goes up to 50% compared to Q2 when it was at 57%. The commercial proportion now goes up in the quarter to 44%, so it has increased compared to Q2 when it was at 35%. Exponeration towards rental properties drops to 6%. Our turnover in the quarter goes up to approximately 1.1 billion, which means that we have an increase of 18%. This growth is a result of our strong order entry. Vårt resultat fortsätter att successivt förbättras, vilket även lönsamheten gör, och för tionde kvartalet i rad kan vi visa ett positivt resultat. I Q2 uppgick resultatet till 45 miljoner kronor, vilket motsvarar en marginal på 3,9. And if you compare it with the same quarter last year, we had a result of 16 million kronor and a profitability of 1.7. And all segments improve their results in the quarter, and this is something that Sture will return to very soon when we look at the segment. Vår finansiella ställning fortsätter också att förstärkas i kvartalet. Vi har ett kassaflöde som utvecklades positivt och slutade på plus 98 miljoner. Vår bedömning är att i kombination med att vi har en fortsatt positiv resultatutveckling så ska kassaflödet från den löpande verksamheten följa den utvecklingen. Due to our positive cash flow, our debt, net debt through EBITDA, has decreased to 0.6. And even the solidity has improved during the quarter and ended at 30.6. These were our figures on an overarching level study. I think then it's time for you to go down to the segment.