Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Investor Day (November 2014)
14 slides from Kongsberg Gruppen Asa's investor day presentation, Nov 5, 2014
Slide 1: Kongsberg Protech Systems
Kongsberg Protech Systems President & EVP Espen Henriksen
Slide 2: 2014 – a rough year, but increased orders and opportunities
2014 – a rough year - but increased orders and opportunities © 2014 KONGSBERG – All rights reserved. 05.11.2014 WORLD CLASS - through people, technology and dedication Page 2
Slide 3: The main product is the remotely operated weapon system PROTECTOR
The main product is the remotely operated weapon system PROTECTOR used to protect military personnel in armoured vehicles. The PROTECTOR family of products has achieved a leading position in this market. • LTM revenues MNOK 1 795 • 653 employees • Offices in Norway, USA, Canada and Australia A moder
Slide 4: Reduced earnings but high activity
Reduced earnings but high activity Revenues, MNOK Key revenue and EBITDA drivers 1 078 1 130 • Decline in demand for new systems 1 027 950 789 758 787 • No more urgent needs – margin 646 683 660 636 434 pressure 337 365 360 • Major delay in an international program Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 5: Achievements since CMD 2013
Achievements since CMD 2013 • Increased order intake from CROWS III • Increased customer financed development – Low Profile • The Norwegian CV90 program has brought the RWS online • CROWS Mk 50 chosen as system for the US Marines new vehicle ACV 1.1 • Medium Caliber shown to the public on the TATA v
Slide 6: RWS in a digital network
RWS in a digital network © 2014 KONGSBERG – All rights reserved. 05.11.2014 WORLD CLASS - through people, technology and dedication. Page 6
Slide 7: Continuously Extending the Product Base
Continuously Extending the Product Base M151 PROTECTOR M153 PROTECTOR PROTECTOR Mk50 PROTECTOR CROWS CROWS USMC and US Navy LOW PROFILE Medium Caliber RWS PROTECTOR Lite PROTECTOR PROTECTOR Super Lite DRWS 40/50 © 2014 KONGSBERG – All rights reserved. 05.11.2014 WORLD CLASS - through people, technol
Slide 8: Continuously Extending the Market Base
Continuously Extending the Market Base New Key Markets • Middle East - GCC nations - Programs for both RWS and MC- RWS • India - Programs for both RWS and MC- RWS • APAC - Australia is back. Primary interest in lighter and sea- based RWS portfolio © 2014 KONGSBERG – All rights reserved. 05.11.2014 W
Slide 9: KONGSBERG has a strong position in the market for Remote Weapon Systems
KONGSBERG has a strong position in the market for Remote Weapon Systems US 2014 Future Years Defense Program (2014-2019) Budgeted spending, indexed 2014 = 100 260% Weapons & 240% Tracked 220% Vehicles 200% 180% 160% 140% Total US DoD 120% Procurement 100% 80% FY14 FY15 FY16 FY17 FY18 FY19 SOURCE: 20
Slide 10: KPS Markets - USA
KPS Markets - USA • Still the major market…. US FYDP1 Vehicles: Year budget2 change Millions of FY2014 USD • …but no growth until FY16 4000 • Major upgrade opportunities 3000 +20 % Annually • USMC has announced Kongsberg RWS 2000 for their new vehicle - Navy qualification 1000 • JLTV announced – 54.
Slide 11: KPS markets – Rest of the World
KPS markets – Rest of the World • Europe – stable, upgrades and some major programs • GCC – Major programs for RWS and MCRWS • Asia Pacific – Major programs for RWS and MCRWS © 2014 KONGSBERG – All rights reserved. 05.11.2014 WORLD CLASS - through people, technology and dedication Page 11
Slide 12: Medium caliber update
Medium caliber update Bradley © 2014 KONGSBERG – All rights reserved. 11/5/2014 WORLD CLASS - through people, technology and dedication Page 12
Slide 13: Key take-aways
Key take-aways • Kongsberg Protector is the “State of the Art” remote weapon station. • The US market is still the major market – will come back stronger • Major programs are coming up outside the US • Increased focus for resets and upgrades • The market for Medium Caliber is still developing – firs
Slide 14: kongsberg.com
kongsberg.com