First Camp Group Year End Report 2023

First Camp publishes Year End Report 2023.

Fourth quarter 2023 (same quarter last year in brackets)

• Total revenue of SEK 110.9 million (92.2)
• Pro forma revenue decreased with 1% compared to Q4 2022
• Pro forma Adjusted EBITDA amounted to SEK -56.0 million (-59.4)
• EBIT of SEK -115.1 million (-89.4)
• Cash flow from operating activities of SEK -130.3 million (-143.4)

January - December 2023 (same period last year in brackets)

• Total revenue of SEK 1,196.1 million (1,004.0)
• Pro forma revenue increased with 0% compared to full year 2022
• Pro forma Adjusted EBITDA amounted to SEK 274.4 MSEK (290.3)
• EBIT of SEK 90.9 million (91.6)
• Cash flow from operating activities of SEK 16.4 million (77.1)
• Acquisition of four new destinations – one in Sweden, two in Norway and one in Denmark - with an estimated annual revenue of SEK 45 million in 2022

Significant events in the fourth quarter

• In December, First Camp received a shareholder contribution of SEK 100 million to enable substantial investments in the 2024 investment plan and to facilitate the management of liquidity fluctuations. The company's main owner, Norvestor, has informed First Camp that Norvestor will guarantee a capital injection of up to a total of SEK 145 million, including the shareholder contribution made in December, depending on First Camp's capital needs.

Significant events in the first three quarters

• On February 1 First Camp completed the acquisitions of Sjöstugans Camping in Sverige and Bø Camping in Norway. The acquisitions have a combined annual turnover during 2022 of approximately SEK 30 million. Please see Note 2 for further information on the acquisitions.
• First Camp has during the period appointed Benita Jonsson, previously Regional Manager for Region South within First Camp, as COO, and also recruited Adam Fall to the newly established role of CTO and recruited Mia Melin to the role of CHRO.
• In May, the acquisitions of Telemark Kanalcamping in Norway and Tempelkrogens Camping in Denmark were completed. The acquisitions had a combined annual revenue of approximately SEK 15 million in 2022. Please see Note 2 for further information on the acquisitions.
• In June, the indoor Yessiland facility at First Camp Orsa was opened.
• During the second quarter, First Camp terminated the site leasehold agreement for the destination Bredsand-Enköping. The effect on EBITDA is immaterial.
• During the second quarter, the transition to 100% electricity from renewable sources was completed at First Camp's Danish destinations.
• In August First Camp's campsite in Gol, Norway, was hit by flooding as a result of the rainstorm "Hans," leading to damages to cabins, seasonal guests' caravans, and other infrastructure. The consequences in Sweden primarily affected four campsites that temporarily needed to reduce accommodation capacity due to high water levels in Lake Siljan.

Significant events after the reporting period

• No significant events to report after the reporting period.

This information is information that First Camp Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on February 14, 2024.

For further information, please contact:

Göran Meijer
CFO 
goran.meijer@firstcamp.se
+46 (0)707 18 05 75

Johan Söör
CEO
johan.soor@firstcamp.se