Esmaeilzadeh Holding publishes interim report for the first half-year of 2023

“During the second quarter, we have continued to work methodically on our and our portfolio companies' prioritised issues. As a result, several of the portfolio companies have successfully raised capital, which is of great importance for their development plans. Although the acquisition rate has generally been lower in our Operational Groups, we have still been able to add a number of promising companies to these groups.” - Saeid Esmaeilzadeh, Chief Executive Officer

Financial overview

• Total net asset value was MSEK 7,893 (7,654), equivalent to SEK 10,240 per share (10,097).
• Total assets were MSEK 9,462 (8,953).
• Net cash/-debt amounted to MSEK -1,411 (-1,015), which corresponds to a loan-to-value ratio (LTV) of 18% (13%) The equity ratio was 83% (85%).
• Profit for the six-month period amounted to MSEK 286 (3,140) and earnings per share amounted to SEK 371 (4,142). Profit for the second quarter amounted to MSEK 314 (3,280) and earnings per share amounted to SEK 407 (4,237).

Significant events during the second quarter of 2023

• In April, EHAB acquired the remaining outstanding shares in Eitrium AB for MSEK 11, meaning that EHAB now owns 100% of Eitrium.
• In May, Lyvia Group carried out a directed new issue of shares to a number of external investors, as well as certain entrepreneurs and employees within the group. The new share issue was carried out at a pre-money valuation of BSEK 6, which indicated a price per share of SEK 1,137. EHAB participated with MSEK 16 by offsetting against outstanding receivables. The total issue amounted to MSEK 405.
• EHAB sold 300,000 shares in Sdiptech in May, resulting in a cash inflow of MSEK 79.
• In June, Dentalum carried out a new share issue of MSEK 153. The issue was mainly directed towards existing shareholders and the majority of existing shareholders participated in the issue. EHAB invested MSEK 80 in the issue. The proceeds are intended to be used for organic and selective acquisition-based growth, and to strengthen the capital structure as part of the refinancing of Dentalum Operations' outstanding bond.
• During the second quarter, Lyvia Group completed two acquisitions: T-rank, a Norwegian company specialising in the analysis of ownership structures for companies and their customers, and ITSS, a Polish company offering cyber security solutions.

Significant events after the period

• In early July, Novedo communicated that the company has appointed advisors to prepare for an IPO and will issue notice of an extraordinary general meeting to make pertinent decisions to prepare for the IPO.
• During July, Lyvia’s subsidiary, Mirovia Nordics AB (publ), announced that all of the company’s outstanding bonds of MSEK 800 will be redeemed. Redemption will take place on August 15th 2023.

Webcast

The company’s CEO, Saeid Esmaeilzadeh, will present the report during a webcast today at 13:00 CEST. After the presentation, participants will have the opportunity to ask questions. Participants can join the webcast through the following link:

Esmaeilzadeh Holding AB - Investor Presentation - Q2 2023

It is also possible to participate via telephone conference through the following telephone number and conference ID:

+46 8 502 428 25

Conference ID: 347 343 246#

Local numbers (for participants outside Sweden)

For further information, please contact:

Saeid Esmaeilzadeh, CEO and founder

E-mail: saeid@ehab.group

Nils Fredrik Lagerstrand, General Counsel & Deputy CEO

Phone: +46 720 90 26 99

E-mail: nilsfredrik@ehab.group

The information was submitted for publication, through the agency of the contact persons set out above, at 08.30 CEST on 28 July 2023.

About Esmaeilzadeh Holding AB (publ)

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.