Caverion publishes certain key figures following the announcement of an offering of senior secured notes by Caverion's indirect parent company

Caverion publishes certain key figures following the announcement of an offering of senior secured notes by Caverion's indirect parent company

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Assemblin Caverion Group AB (publ), the indirect parent company of Caverion Corporation ("Caverion"), has today announced the offering of senior secured notes (the "Offering") and distributed a related offering memorandum in compliance with Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended, containing information concerning the Offering and the combined Assemblin Caverion Group, including certain financial and other information concerning the Caverion Group.

Caverion published by way of stock exchange release on 30 May 2024 unaudited condensed consolidated interim financial statements of the Caverion Group as of and for the three months ended 31 March 2024.

In addition, Caverion now announces certain supplementary operating data and Non-IFRS financial information, as set out in the below table in the form such is intended to be included in certain materials relating to the Offering. Further information regarding the Offering is available at the Assemblin Caverion Group website at https://www.assemblincaverion.com/investors.

For the For As of and
year ended the for the
December three twelve
31, months months
ended ended
March March 31,
31,
2021 2022 2023 2023 2024 2024
(EUR
millions,
unless
otherwise
indicated)
Caverion Order 2,382.6 2,394.0 2,494.1 728.6 692.1 2,457.5
intake...........
Caverion Order 2,032.7 2,032.7
backlog
..........

Caverion Free Cash
Flow is defined as
Caverion Adjusted
EBITDA, less non
-lease tangible net
capital expenditures,
finance lease
repayments (excluding
interest) and change
in Caverion Working
Capital. Caverion
Cash Conversion is
defined as Caverion
Free Cash Flow
divided by Caverion
Adjusted EBITA. The
following is the
calculated Caverion
Free Cash Flow and
Caverion Cash
Conversion for the
periods presented:
For the For For twelve
year the months ended
ended three March 31,
December months
31, ended
March
31,
2021 2022 2023 2023 2024 2024
(EUR
millions)
Caverion 142.1 163.0 184.7 39.1 42.8 188.4
Adjusted
EBITDA.....
Non-lease (4.4 ) (5.6 ) (6.8 ) (1.9 ) (2.1 ) (6.9 )
tangible net
capital
expenditures
Finance lease (46.9 ) (49.8 ) (52.9 ) (12.3 ) (13.5 ) (54.2 )
repayments
(excluding
interest)
Change in (21.0 ) 9.4 14.0 10.6 (12.5 ) (9.0 )
Caverion
Working
Capital
Caverion Free 69.7 117.0 138.9 35.4 14.7 118.2
Cash
Flow.......
Caverion 87.7 105.8 123.7 24.5 26.6 125.7
Adjusted
EBITA........
Caverion Cash 79.5 % 110.6 % 112.3 % 144.8 % 55.4 % 94.1 %
Conversion
(%)..

The key figures presented above constitute alternative performance measures that should be read together with Caverion's (interim) financial statements prepared in accordance with IFRS. Alternative performance measures are presented as they are believed to assist users of Caverion's (interim) financial statements in comparing performance across reporting periods. Alternative performance measures should not be considered in isolation or as a substitute for performance measures calculated in accordance with IFRS.

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, key media, www.caverion.com