Esmaeilzadeh Holding publishes interim report for the period January - September 2024

“ The intended sale of our shares in Lyvia Group is the most significant milestone of Q3. This transaction is not only a crucial step towards addressing the upcoming bond maturity but also a strategic initiative to lay the foundation for our next phase. It reflects EHAB’s dedication to delivering according to our commitments and goals.”   - Mikael Ericson, CEO

Financial overview

• Total net asset value was MSEK 6,543 (7,736), equivalent to SEK 8,332 (10,037) per ordinary share.
• Total assets were MSEK 8,186 (9,363).
• Net cash / debt amounted to MSEK -1,411 (-1,416), which corresponds to a loan-to-value ratio (LTV) of 22% (18%). The equity ratio was 80% (83%).
• Loss for the nine-month period amounted to MSEK -722 (129) and earnings per share amounted to SEK -936 (168). Loss for the third quarter amounted to MSEK -98 (156) and earnings per share amounted to SEK -128 (-203).

Significant events during the third quarter of 2024

• In August, Novedo successfully completed book-building of convertible bonds in a total amount of MSEK 550, of which MSEK 428 were issued in September. The remaining MSEK 122 consisted of future reinvestment commitments from contractors. EHAB converted its shareholder loan of MSEK 123 into convertibles bonds in connection with the issue in September.
• In September, Novedo completed an issue of senior secured bonds in an amount of MSEK 1,250, within a total framework of MSEK 2,000. The net proceeds were primarily used for the early redemption of the company's previous bond loan maturing on 26 November 2024.
• At the end of September, Novedo expanded into Norway through the acquisition of ST Entreprenør, an infrastructure company with annual revenue of approximately MSEK 130.

Significant events after the period

• October, Rebellion Capital placed new bonds totalling MSEK 600 within a total framework of MSEK 1,000 which enabled the early redemption of Rebellion Operations’ bond loan during November 2024.
• In November, EHAB signed a letter of intent with an international investor regarding the sales of EHAB's shares in Lyvia Group AB. The transaction is contingent upon a final agreement being reached and customary due diligence.

Webcast

EHAB’s CEO, Mikael Ericson, will present the report during a webcast today at 14.00 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 - Jan-Sep 2024

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

+46 8 502 428 25

Conference ID: 442 323 808#

Local numbers (for participants outside Sweden)

For further information, please contact:

Michaela Abercrombie Simpson, Head of Communication

Phone: +46 736 301 403

The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 28 November 2024.

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.