Esmaeilzadeh Holding publishes interim report for the period January - September 2023

“During the third quarter, EHAB continued its ongoing effort to secure and diversify the financing sources for EHAB and its portfolio. This is key for executing our business model and achieving our financial goals. As a natural step in this work, both Lyvia and Dentalum, for example, successfully secured bank financing. Furthermore, we are actively involved in various concurrent initiatives, some of which are advanced than others, with the goal of realising values in EHAB’s portfolio and enabling repayment of the outstanding bond loan.” - Saeid Esmaeilzadeh, Chief Executive Officer

Financial overview

• Total net asset value was MSEK 7,736 (7,645), equivalent to SEK 10,037 per share (10,086).
• Total assets were MSEK 9,363 (8,914).
• Net cash/-debt amounted to MSEK -1,416 (-1,054), which corresponds to a loan-to-value ratio (LTV) of 18% (14%). The equity ratio was 83% (86%).
• Profit for the nine-month period amounted to MSEK 129 (3,131) and earnings per share amounted to MSEK 168 (SEK 4,131). Profit/loss for the third quarter amounted to MSEK -156 (-9) and earnings per share amounted to -203 (-11).

Significant events during the third quarter of 2023

• At the start of July, Novedo announced that the company had appointed advisors in order to prepare listing on the stock exchange. Following this, the company held an extraordinary general meeting to take appropriate 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 would be redeemed. Redemption took place on 15 August 2023.
• During September, Dentalum signed a loan agreement with Danske Bank for refinancing the company’s senior bonds with maturity on 2 October 2023.
• In September, Lyvia Group acquired Arc Consulting, a company based in Poland which specialises in creating intelligent business models with the support of modern technology.
• During September, EHAB received a short-term loan in the form of a revolving credit facility, which constitutes a permitted debt under EHAB's bond terms.

Significant events after the period

• During October, Lyvia announced that the company had secured loan financing of BSEK 1.6 from the leading Nordic banks Danske Bank and DNB.
• During November, EHAB communicated an update to the company’s financial goals and that there are several ongoing processes with the aim of realising values in the portfolio. Moreover, EHAB announced that it has initiated a so-called written procedure with the aim of changing the company's bond terms.

Webcast

The company’s CEO, Saeid Esmaeilzadeh, will present the report during a webcast today at 16:00 CET. 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 - Q3 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: 136 518 876#

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 08.00 CET on 13 November 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.