1 Business critical SaaS solutions for the construction industry
- Digital solutions for construction companies in Norway, Sweden and Finland
- Market leader with deep domain expertise within the construction industry
- Mission critical software at a small ticket size for customers
- User-friendly full SaaS offering

2 Market leader in a fragmented market with vast potential for digitization
- Construction industry among the 10% least digitized industries
- Construction workers in SME companies spend majority of time on administrative or other unproductive tasks
- SmartCraft is the enabler for construction companies and craftsmen to go digital
- Addressing a currently fragmented market estimated at NOK 10.5bn when fully penetrated, implying a 15% CAGR in the period 2020-2025
3 Multiple levers for organic growth driven by a strong commercial organization and proven go-to-market model
- Continue to capitalize on position and underpenetrated market
- Up-selling and price optimization
- Cross-selling existing portfolio of services and modules across segments and geographies
- Deepen and expand presence – entering new industry verticals and adding new SaaS modules
4 Strong M&A track record
- Seven successful acquisitions in the period 2017-2021
- Targeting complimentary solutions or similar best-in-class solutions in new geographies
- Acquired companies serve as bridgeheads for cross-selling of existing services
- Proven M&A process, identifying targets, integrating acquired solutions and growing through cross-selling and other synergies
- Significant M&A pipeline with double digit ongoing dialogues
5 Outstanding financial track record with high growth, scalability and strong cash generation
- Revenue CAGR 2018-2020: 71% to NOK 219.3 million (including full-year effect of Congrid acquisition)
- 2020 recurring revenue: 93%
- 2020 adjusted EBITDA margin 41%, supported by growing subscription base, increased average revenue per customer and sustained low churn
- 110% cash conversion, supported by negative net working capital as a result of up-front payments
6 Strong medium term financial targets
- Organic growth of 15-20% with bolt on M&A on top
- Margin expected to increase due to scalability of platform
Contact

Gustav Line
CEO
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Ola Nordmann
Customer Support
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