Caverion Oyj - Other information disclosed according to the rules of the Exchange

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

Caverion Corporation Stock exchange release 10 June 2024 at 10:15 EET

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

For further information, please contact:
Pasi Päivärinta, interim CFO, tel. +358 50 485 0304,
pasi.paivarinta@caverion.com

About Caverion

Caverion is an expert for smart and sustainable built environments, enabling
performance and people's well-being. Customers can trust our expertise during
the entire life cycle of their buildings, infrastructure or industrial sites and
processes: from installation and maintenance of base and smart technologies, to
managed services as well as advisory and engineering services and digital
solutions. Our customers are supported by about 15,000 Caverion professionals in
10 countries in Northern and Central Europe. Our revenue in 2023 was about EUR
2.5 billion.

In April 2024, Caverion and Assemblin combined to create a leading northern
European technical service and installation company, Assemblin Caverion Group.
Together, we are approximately 22,000 skilled professionals in 10 countries,
sharing the passion for smart and sustainable solutions. Our combined revenue
amounts to approximately EUR 3.8 billion.

www.caverion.com
www.assemblincaverion.com

#AssemblinCaverionGroup #Strongertogether
#Caverion #BuildingPerformance #energywise

Attachments:

06108110.pdf