CO COMPAN ANY PRESENTATIO ION 1 | Todays presenters and agenda - PowerPoint PPT Presentation

Q2 INTERIM REPORT 2019 | AUGUST 2019 CO COMPAN ANY PRESENTATIO ION 1 |

Today’s presenters and agenda In brief ”COMMON SENSE FROM DALARNA” FREDRIK LEO, CEO HELENA BLOM, CFO & Joined in 2017 as EVP EVP Services & Construction, Scaffolding ByggPartner is a Swedish background from NCC Joined in 2018, Constructions. backgrund from ABB construction company with the CEO from August and SSAB. 2018. competence to serve its customers Q2 INTERIM REPORT 2019 throughout the entire construction § Business Update process, creating value through § Financial Update personal commitment, sound § Q&A expertise and common sense. 2 |

Fredrik Leo, CEO BUSIN INESS UPD UPDATE 3 |

Apr-Jun 2019 in summary • Order intake SEK m 484 (593) -19% Orderbook SEK m 1 860 (2 010) -8% • Sales Growth SEK m 501.4 (421.5) +19% • • Increased operating profit EBIT SEK m 16.4 (11.4) +43% • Increased EBIT-margin 3.3% (2.7) +22% • Cash-flow SEK m 59.8 (33.3) 4 | | BUSINESS UPDATE

Well diversified project- and customer mix § Core construction – no property SEK m m 1 1.8 .860 development § Order book analysis Geogr Ge graphy Project m mix Partneri Pa ring pr proje ject 3% 6% 34% 57% 30% 61% 66% 43% Social properties Partnering Regular contracts Dalarna Stockholm/Mälardalen Rental housing Housing Commercial properties incl. Service 5 | | BUSINESS UPDATE

Core Construction – Projects SEK m 50-300 On Ongoi oing pr proje ojects in Q Q2 | | ex examples Arboga Kommun – Pre school Arboga Kommun – Care homes Rodret Bostads AB – Student housing Sala Kommun – Sport facility Hefab – Housing Sala Kommun – School Svenska Bostäder – Housing Fastighets AB L E Lundberg – Social properties Micasa – Social property Stiftelsen Danvikshem – Social properties Gamla Byn Avesta | Social properties New o orders i in Q Q2 | | ex examples Falu Kommun – Care homes Surahammars Kommun – Care homes EcoDataCenter - Commercial Ne News ws in Q Q3 | so f far Partneringavtal samhällsfastigheter – Gävle Kommun 6 | | BUSINESS UPDATE

Our ambition is to be the leading provider of partnering in Sweden, in our niche, i.e. construction projects SEK m 50-300. 7 |

Added values are created in the direct contact between our employees, and the customer. We are convinced that increased collaboration, partnering, is the future way of working for sustainable community building. 8 | | BUSINESS UPDATE

No changes in our view of our market § So far, the construction industry is stable in most of our segments and markets we focus on § The public sector, mainly municipalities, county councils and public housing rental companies continue to order § We see resources being moved into construction of social, commercial and rental properties. We expect the competition to increase in our segments. § Business as usual in Stockholm, Dalarna and Mälardalen. One exception, we experience a lower level of activity in Uppsala. 9 | | BUSINESS UPDATE

Turning the order book into profitable growth Q1 § Picking the right projects Q3 § Continued focus on project mix and § Improving our core processes profitability throughout the entire organization 2019 § Continued to strengthen project steering – § Developing our organization educational program ”Partner” Q2 § Strengthen project steering – educational program ”Partner”- training in contract law and forecasting projects 2019 Continued focus on profitability throughout the entire § organization Q1 § Strengthen project steering – start-up of the educational program ”Partner” - training in cost-planning and timetable for production 2019 § Re-organization Uppsala & Mälardalen § Continued development of our Partnering concept § Increased awareness, frequency and accountability within the new organization and 2018 management § Increased focus on project management & business skills – decision to implement educational program ”Partner”. § Professionalizing of procurement of purchases § Close dialogue with our customers – the sustainability day 10 | | BUSINESS UPDATE

Performance Q2 2019 vs Mid-Term Financial Targets MID ID-TERM T TARGETS PERFORMAN PE ANCE STRATEGIE IES F FOR IN INCREASED A AND S SUSTAIN INABLE PROFIT ITABIL ILIT ITY SALES G GROWTH SALES G GROWTH 10-15 10 15 % 19 % 19 Organic growth in focus markets MID ID-TERM T TARGET Q2 2 2019 EBIT IT M MARGIN IN EBIT IT M MARGIN IN 5 % 3,3 ,3 % Strengthen partnering position MID ID-TERM T TARGET Q2 2 2019 OV OVER OVER OV 50 50 % 50 % 50 Increased focus on project management TARGET P PAYOUT R RATIO IO 2018 PAYOUT R 2018 RATIO IO 11 | | BUSINESS UPDATE

Our financial track record – Revenues & EBIT-margin § Strong order intake § Order book is driving revenues § Stabilization of EBIT-margin MSEK 2 000 10% 9% 1 860 1 800 1 655 8% 7% 7% 6% 1 600 5% 6% 5% 1 317 1 400 1,294 1,126 1 247 1,168 3% 3% 4% 1,045 3% 1 200 871 5% 4% 4% 1 000 2% 695 949 2% 3% 800 0% 601 561 789 600 474 -3% 418 -2% 400 -5% -4% 200 IFRS 0 -6% 2003/ 2004/ 2005/ 2006/ 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM 2004² 2005² 2006² 2007 2019 (18mth)³ Revenue EBIT margin 12 | Source: ByggPartner’s audited financial and annual reports and reviewed interim reports | BUSINESS UPDATE Note: (2) Financial year from July 1–June 30; (3) Financial year includes 18 months, from July 1, 2006–December 31, 2007

Stable order intake and backlog development Growing order intake and backlog… MSEK SEK 2 1392 098 2 300 Order intake, LTM¹ 2 100 1 8181 709 1 801 2 2052 098 1 900 Order book¹ 1,3841 6151 5001 4541 452 1,860 m 1 616 2 010 1 700 1,468 1 8771 860 1 838 1,3831,3341 384 1 500 1,150 1 6161 7041 6211 601 1,225 3 1 300 1,018 order book 1,094 1,086 1,4041,4041,465 1 100 877 873 735 1,2921,286 1,1151,213 900 1,0881,1301,006 700 794 770 646 500 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q4 2013 – Q2 2019 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 12 % Order intake CAGR 20 % Order book … provides stable revenue growth over time MSEK 2 000 Revenue, LTM² 1 7801 860 1 800 1 4951 5551 656 1 600 14% CAGR 950 1,0451,0621,0901,0691,1011,1761,2231 2651,2471 2121 2001 2381 3171 394 1 400 1 200 Q4 2013 – Q2 2019 927 889 1 000 871 800 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS 13 | Source: ByggPartner’s audited annual reports 2013-2015 adjusted for comparison reporting principles and disclosed interim and year-end reports 2016- 2018 (including | BUSINESS UPDATE auditors reviews and audited annual report for 2016 and 2017.

Construction services | Q2 § Continued strong performance in Q2 § Sales SEK m 53.6 (44.7) § EBIT SEK m 2.9 (1.2) § Service contracts two years incl. index and extension 14 | | BUSINESS UPDATE

Scaffholdings | Q2 § Sales SEK m 13.2 (13.8) § EBIT SEK m 1.8 (2.2) § Focus on continued growth and profitability § Digitalization for increased efficiency in material management § Working environment is a top priority 15 | | BUSINESS UPDATE

Helena Blom, CFO & EVP FIN INANCIA IAL UPD UPDATE 16 |

Order Intake & Order Book Q2 | MSEK ACC | MSEK YEAR ON YEAR | MSEK 700 2500 1400 2500 2500 2500 1198 593 2098 600 1200 523 2000 2000 2000 2000 484 1709 946 500 1000 1597 1453 849 408 810 1500 1500 1500 1500 400 800 300 600 1000 1000 1000 1000 200 400 500 500 500 500 100 200 0 0 0 0 0 0 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019 LTM Order intake MSEK Order book MSEK Order intake MSEK Order book MSEK Order intake MSEK Order book MSEK Revenues Q2 | MSEK YEAR ON YEAR | MSEK ACC | MSEK 993 600 1000 2000 1860 1800 1655 550 900 501 1600 789 500 800 1317 1400 1247 450 421 1200 700 657 400 611 1000 600 800 332 350 321 600 500 300 400 400 250 200 200 300 0 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019 LTM 17 | | FINANCIAL UPDATE

Profitability & Operating result ACC | MSEK YEAR ON YEAR | MSEK Q2 | MSEK 18 3,5 40 4,5 60 4,5 55,8 16,4 50,5 33,4 16 4 4 35 3 50 45,8 14 3,5 3,5 30 40,8 2,5 26 11,4 12 3 40 3 23,4 10,4 25 9,6 2 10 2,5 2,5 19,1 20 30 8 2 2 1,5 15 6 1,5 20 1,5 1 10 4 1 1 10 0,5 5 2 0,5 0,5 0 0 0 0 0 0 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019 LTM EBIT MSEK Gross Margin (%) EBIT MSEK Gross Margin (%) EBIT MSEK Gross Margin (%) Cash-flow Q2 | MSEK YEAR ON YEAR | MSEK ACC | MSEK 70 60 140 60 130 53 124 60 52 46 50 120 50 41 40 40 100 33 30 30 78 80 20 20 60 10 10 0 0 40 27 2016 2017 2018 2019 2016 2017 2018 2019 -10 -10 20 -20 -20 0 -30 -25 -23 -30 2016 2017 2018 2019 LTM 18 | | FINANCIAL UPDATE