Ocean Sun As · OSL:OSUN
Ocean Sun As — Q4 2024 Earnings Presentation
12 slides from Ocean Sun As's earnings presentation, Feb 20, 2025
Slide 1: A Bold Solution to Our Global Energy Needs
A BOLD SOLUTION TO OUR GLOBAL ENERGY NEEDS QUARTERLY PRESENTATION Q4 2024 20.02.2025
Slide 2: Content
Content ▪ Ocean Sun in brief ▪ Highlighted developments ▪ Project overview ▪ Financials 2
Slide 3: Our Vision
Our Vision Ocean Sun shall be the world leading technology supplier for floating solar systems 3
Slide 4: Proprietary Technology for Floating PV
Proprietary Technology for Floating PV ▪ Low CAPEX ▪ Lowest material use ▪ Fast and easy installation ▪ Lean transportation ▪ High efficiency – water cooled ▪ Seaworthy 4
Slide 5: Highlighted developments
Highlighted developments During the fourth quarter of 2024 Ocean Sun continued shaping the company in alignment with our new strategy. ▪ In November, Ocean Sun was awarded funding for a 250 kWp demo system in Brazil, and for developing a new solution for module fixation. Ocean Sun will receive NOK 4
Slide 6: Project overview
Project overview 11 3.8 6.3 34 Backlog and Pipeline PROJECTS MWp MWp MWp The current backlog consists of four projects. The Maldives project (2 In 6 countries Installed Backlog Pipeline MWp) with expected commissioning in Q2. Two projects in Greece (4 MWp), one of which is progressing and has expect
Slide 7: Financials
Financials ▪ Profit and loss ▪ Balance sheet ▪ Cash flow ▪ Equity statement
Slide 8: Income statement (Consolidated)
Income statement (Consolidated) Unaudited Unaudited Unaudited Audited Q4'24 Q4'23 YTD 24 2023 Income Comments Revenue 1 912 1 215 7 610 3 153 Ocean Sun’s revenue in Q4 2024 totalled NOK 1.9 million and relates to Other income 4 580 4 636 11 501 13 673 license revenue from systems in Norway and the S
Slide 9: Balance sheet (Consolidated)
Balance sheet (Consolidated) Unaudited Audited NOK'000 31.12.24 31.12.23 ASSETS Balance sheet per 31.12.2024 Non-current assets Office equipment 3 26 ▪ Cash and cash equivalents amounted to NOK 29.5 million, of which Total non-current assets 3 26 NOK 0.9 million was restricted cash. The equity ratio
Slide 10: Cash flow statement (Consolidated)
Cash flow statement (Consolidated) Unaudited Unaudited Unaudited Audited Q4'24 Q4'23 YTD 24 2023 Operating activities Cash development 01.10-31.12.2024 Result before tax (5 271) (3 947) (16 944) (18 665) Depreciations 2 3 7 13 ▪ Cash flow from operations amounted to - NOK 2.2 million in Q4 2024 wher
Slide 11: Equity statement (Consolidated)
Equity statement (Consolidated) Unaudited Share based Share payment Uncovered Share capital Own shares premium reserves losses Total At 1st of January 2024 450 (0) 43 786 933 - 45 169 Profit/Loss for the period - - - - (11 675) (11 675) Share option program - - - 156 - 156 Currency translation diffe
Slide 12: WWW.OCEANSUN.NO
SSN Ocean Sun WWW.OCEANSUN.NO