M Vest Water As · OSL:MVW
M Vest Water As — Q1 2023 Earnings Presentation
21 slides from M Vest Water As's earnings presentation, May 16, 2023
Slide 1: 2023 1st Quarter Report
2023 | 1st QUARTER REPORT - May 16th 2023 CEO – Stein E. Giljarhus CFO – Morten Hilton Thomassen
Slide 2: Disclaimer
Disclaimer The facts and information contained in this report contains information as known to the reporting date and is subject to future changes. Neither M Vest Water (the "Company") or related companies, affiliates, subsidiaries or management, supervisory board members, employees or advisors nor
Slide 3: Agenda
AGENDA ❖ Key facts ❖ MVW technology ❖ Highlights and key figures ❖ Business update ❖ Q&A PFAS treatment Bergen Airport
Slide 4: Key facts
Key facts
Slide 5: Key facts
Key facts: ✓ Patented, environmental friendly technology ✓ Highly competetive and disruptive water treatment solutions applicable for a wide array of industries ✓ Business activites in USA, Germany and Norway NORWAFLOC® NORWAPOL® Bio-flocculant Polishing reactor
Slide 6: MVW technology
MVW technology
Slide 7: NorwaFloc - highly efficient
NorwaFloc® - highly efficient | NorwaFloc® NorwaPol Bio-flocculant Polishing reactor Chemical process of flocculation demonstrated on slopwater from the Oil & Gas industry.
Slide 8: MVW technology - removal of oil from highly oil contaminated water
MVW technology - Illustration – removal of oil from highly oil contaminated water «Theory» «Practice» Polluted Water Flocculation Treated Water Polluted Water Flocculation Flocculated Water Any separation device Any separation device Conventional, syntetic-based flocculants
Slide 9: Highlights
Highlights
Slide 10: Financial Position Q1 2023
FINANCIAL POSITION Q1 2023 Financial Key Figures • Increasing revenues from commercial projects and sale Figures in MNOK Q1 2023 Q1 2022 FY 2022 of equipment. Revenues 2.9 0.4 1.8 • OPEX 10 MNOK Operating expenses 10.5 8 30 Net Profit -8 -8 -29 • Net profit -8 MNOK CAPEX and R&D capitalization 1 2 1
Slide 11: Highlights Q1 2023
HIGHLIGHTS Q1 2023 Events Q1 Subsequent events NORWAPOL® in full scale operation, Oil & Gas Produced Water – Norwegian oil terminal US Oil & Gas – project #1 NORWAPOL® - Test program successfully completed, 8 months pilot testing program in collaboration at an US onshore oilfield completed in April.
Slide 12: Business update
Business update
Slide 13: Business partners & clients
Business partners & clients Oil & Gas Aquaculture Municipal Other Dredging
Slide 14: Prioritized market segments
4 PRIORITIZED MARKET SEGMENTS • Oil & Gas – produced water, slop water • Aquaculture – fish farming, slaughterhouses • Dredging water treatment and sludge-dewatering (River-, lake- and harbour sludge) • Municipal wastewater and sludge dewatering
Slide 15: Update Oil & Gas
Update Oil & Gas Sales: Continuous supplies in 2022 of NORWAFLOC® to 2 onshore wastewater treatment plants for treatment of highly oil-contaminated water related to oil production in the North Sea. Before the treatment process, showing slopwater Implementation of NORWAPOL® technology NORWAPOL® solut
Slide 16: Update Oil & Gas
Update Oil & Gas Technological breakthrough As part of a pilot program in Q3 MVW´s technology was field proven in the US Oil & Gas industry. The pilot was carried out in collaboration with a global Oil & Gas operator and our products replaced their existing old-fashioned technology for treatment of
Slide 17: Update Aquaculture
Update Aquaculture The Aquaculture industry is facing environmental requirements that must be solved with environmentally friendly technology to secure sustainability within present operations and for further growth. Smolt facilities ➢ Contract awarded: Norwapol® solution to the Erko Settefisk AS (R
Slide 18: Update Aquaculture
Update Aquaculture Salmon processing facilities must meet new and stricter discharge requirements that will come into force from December 2023, which means that the industry must introduce modifications or chemical treatment. Salmon processing facilities – treatment of bloodwater ➢ NORWAFLOC® was pr
Slide 19: Update Dredging
River dredging Update Dredging The market for dredging water treatment and sludge dewatering (River-, lake- and harbour sludge) is large internationally. MVW’s establishment in Germany is strategically necessary both in terms of access to the market and access to resources such as expertise and tech
Slide 20: Update Municipal wastewater
Update Municipal wastewater ➢ The Municipal market accounts for 60% of the total flocculants and coagulants market globally. ➢ MVW is involved in municipal wastewater projects in both Norway and Germany. ➢ Due to market size and access to treatment plants we prioritize now our German projects. ➢ Fol
Slide 21: Summary
Summary ➢ Increase in turnover ➢ Positive development in several business areas: - Municipal wastewater – Germany - Oil & Gas NORWAY - Oil & Gas USA - Aquaculture – salmon process facilities