Slides
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Interim report Q3 2026 1 Q3 2026 FINANCIAL RESULTS Clein Ullenvik- Interim CEO Marcus Holmström - CFO
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Interim report Q3 2026 2 Green Landscaping Group Green Landscaping Group is a home for entrepreneurs, operating in grounds maintenance, green space management and landscaping. A very large and attractive market served primarily through long-term contracts with municipalities, public entities and property owners, enabled by a decentralized and entrepreneurial model. A long history of successful entrepreneurship and a proven ability to develop and grow businesses. Green Landscaping in brief Geographical presence % of Q3’26 LTM net sales # Subsidiaries Other Europe 27% Norway 37% Sweden 36% 12 28 5 2 13 1 Large attractive market with structural growth Entrepreneurial culture in a decentralized structure Value creation through proven M&A strategy
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Interim report Q3 2026 3 First quarter priorities as interim CEO Board Strategy Day Restructuring communication Leaders Conference Q3 Report
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Interim report Q3 2026 4 Green Landscaping Group VISION STRATEGIC POSITION CORE VALUES Europe's leading group for sustainable outdoor environments through local entrepreneurship What we do We’re active in the areas of grounds maintenance, green space management, landscaping and light infrastructure. Where we operate Across the Nordic, Baltic and DACH markets. How we compete Through strong local entrepreneurship, close to customers and communities in each market. Accountability Simplicity Community
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Interim report Q3 2026 5 Leveraging scale while preserving local leadership From Decentralized and Uncoordinated to Coordinated decentralization Centralized Decentralized Coordinated Uncoordinated 2026 2028 < 2018 Europe's leading group for sustainable outdoor environments through local entrepreneurship Strategic initiatives Green performance Governance Green Book Cash flow & working capital M&A - high-quality investments Technology & data transparency Internal & external communication
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Interim report Q3 2026 6 Management Team CLEIN ULLENVIK Interim CEO MARCUS HOLMSTRÖM CFO JAKOB KÖRNER COO & COUNTRY MANAGER SWEDEN DANIEL LINDERSTÅHL HEAD OF PERFORMANCE JAN LERVIK COUNRY MANAGER NORWAY TAPIO SUNDHOLM COUNTRY MANAGER FINLAND & BALTICS MATTHIAS ASDONK COUNTRY MANAGER DACH
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Interim report Q3 2026 7 Portfolio review resulted in SEK -79 million of non-recurring Q3 costs, with no material impact on Q3 cash flow Former CEO notice-period salary amounted to SEK -8 million Restructuring of Group functions resulted in SEK -6 million of costs, with expected annual savings of ~SEK 10 million Project write-downs in two Swedish companies amounted to SEK -40 million Project write-downs and restructuring costs in Germany amounted to SEK -25 million Green Performance
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8 Group Leaders Conference | Mainz, Germany | September 2026
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Interim report Q3 2026 9 FINANCIALS
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Interim report Q3 2026 10 Key financials Net sales at SEK 1.8 billion for the quarter and SEK 6.8 billion rolling twelve months Adjusted EBITA margin at 6.9% for the quarter and 6.3% rolling twelve months, respectively Seasonally normalized cash flow Order backlog varies over time, not a lead indicator Adjusted financial leverage at 3.5x (3.0x) EPS -0.26 (0.56) SEK for the quarter and 1.56 (2.47) SEK rolling twelve months NET SALES Q3 2026 Q3 2025 RTM ADJUSTED EBITA ADJUSTED EBITA MARGIN, % CASH FLOW FROM OPER. ACTIVITIES SEK million ORDER BACKLOG 1,788 1,605 6,815 123 135 430 6.9% 8.4% 6.3% 28 47 364 8,4848,484 7,462 EARNINGS PER SHARE -0.26 0.56 2.38 ADJUSTED FINANCIAL LEVERAGE 3.5x3.5x 3.0x
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Interim report Q3 2026 11 Sweden ROLLING TWELVE MONTHS Net sales decreased by 1% to SEK 2,442 million Organic growth contributed 3% Divestments impacted -4% Adjusted EBITA increased by 7% to SEK 112 million, margin 4.6% (4.2) Net sales decreased by 7% to SEK 532 million Organic growth contributed -4% Divestments impacted negatively 3% Adjusted EBITA increased by 57% to SEK 19 million, margin 3.6% (2.2) Profitability initiatives in Sweden contributed positively, partly offset by lower demand for change orders and additional services 0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 4 500 0 100 200 300 400 500 600 700 800 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Net sales Net sales, quarter Net sales, RTM (ri ght axis) 0 30 60 90 120 150 180 210 240 0 5 10 15 20 25 30 35 40 45 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Adjusted EBITA Adj uste d EBITA, quarter Adj uste d EBITA, RTM (ri ght axis) 36% 23% Share of net sales, RTM Share of EBITA, RTM Q3 2026
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Interim report Q3 2026 12 Norway ROLLING TWELVE MONTHS Net sales increased by 2% to SEK 2,527 million Organic growth contributed 1% Changed exchange rates impacted 1% Adjusted EBITA decreased by 71% to SEK 70 million, margin 2.8% (6.9) Q3 2026 Net sales increased by 16% to SEK 713 million Adjusted EBITA decreased to SEK 25 million, margin 3.4% (5.8) Continued pricing pressure impacted profitability Strengthened regional leadership and increased focus on operational execution and profitability 0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 4 500 0 100 200 300 400 500 600 700 800 900 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Net sales Net sales, quarter Net sales, RTM (ri ght axis) -60 -10 40 90 140 190 240 290 -20 0 20 40 60 80 100 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Adjusted EBITA Adj uste d EBITA, quarter Adj uste d EBITA, RTM (ri ght axis) 37% 15% Share of net sales, RTM Share of EBITA, RTM
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Interim report Q3 2026 13 Other Europe ROLLING TWELVE MONTHS Net sales increased by 44% to SEK 1,847 million Organic growth contributed by 7% Acquisitions contributed by 40% Changed exchange rates impacted -3% EBITA increased by 33% to SEK 296 million, margin 16.0% (18.3) Q3 2026 Net sales increased by 29% to SEK 543 million EBITA decreased to SEK 91 (96) million, margin 16.7% (22.7) Germany and Finland contributed positively to earnings development Lithuania affected by delayed contract start-ups; activity expected to improve going forward 0 200 400 600 800 1 000 1 200 1 400 1 600 1 800 2 000 0 100 200 300 400 500 600 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Net sales Net sales, quarter Net sales, RTM (ri ght axis) 0 50 100 150 200 250 300 350 0 20 40 60 80 100 120 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Adjusted EBITA Adj uste d EBITA, quarter Adj uste d EBITA, RTM (ri ght axis) 27% 62% Share of net sales, RTM Share of EBITA, RTM
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Interim report Q3 2026 14 Cash flow from operating activities amounting to SEK 364 (390) million rolling twelve months Cash flow from operating activities amounting to SEK 28 (47) million in Q3 Continued focus on cash generation and working capital optimization Strengthened financial governance and performance oversight Cash flow - 300 - 100 100 300 500 700 900 -100 -50 0 50 100 150 200 250 300 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Cash flow from operating activities Cash flow, quarter Cash flow, RTM (ri ght axis)
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Interim report Q3 2026 15 Adjusted financial leverage amounted to 3.5 (3.0) times Headroom to financial covenant Steady state means deleveraging through cash flow from operating activities Leverage above long-term target, cash generation remains a key priority Financial leverage 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 Q 3 Q 4 Q 1 Q 2 Q 3 Q 4 Q 1 Q 2 Q 3 2024 2025 2026 Adjusted Financial leverage Net debt/PF justerad EBITDA RTM Financial targ et
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Interim report Q3 2026 16 Financing overview 0 500 1 000 1 500 2 000 2 500 3 000 2026 2027 2028 Loan maturity Bank loans Revolving credit facility Bonds Total financing agreements equivalent to SEK 2,750 million, of which - Term loans SEK 1,200 million - Revolving credit facility SEK 1,000 million - Bonds SEK 500 million - Overdraft credit facility SEK 50 million Net debt / EBITDA proforma is the only covenant in our bank financed financing. The covenant conditions were met as of the reporting date. Per quarter end, cash and cash equivalents amounted to 495 million and unutilized credit facilities amounted to 239 million.
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Interim report Q3 2026 17 Financial targets 10% 8% 2.5x NET DEBT / Adj EBITDA, PFTOTAL GROWTH Adj EBITA MARGIN Sales shall, on average, grow by 10 percent per year (organically and via acquisitions) Adjusted EBITA margin shall, on average, amount to 8 percent per year Net debt in relation to adjusted EBITDA shall over the long term, not exceed 2.5 times * Fourth financial target; “Approximately 40% of profit for the year shall be distributed as dividends to shareholders.”. In line with previous years, the AGM on May 7, 2026, decided not to distribute any dividend for the fiscal year 2025. 7 46 53 21 9 -2 10 2020 2021 2022 2023 2024 2025 2026 Q3 RTM 4,7 7,3 8,5 8,8 8,3 7,2 6,3 2020 2021 2022 2023 2024 2025 2026 Q3 RTM 2,8 2,4 2,4 2,5 2,5 3,0 3,5 2020 2021 2022 2023 2024 2025 2026 Q3 RTM
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