Kongsberg Gruppen Asa · OSL:KOG

Kongsberg Gruppen Asa — Q3 2017 Earnings Presentation

16 slides from Kongsberg Gruppen Asa's earnings presentation, Oct 26, 2017

  1. Slide 1: 3rd Quarter 2017 Investor Presentation

    3RD QUARTER 2017 INVESTOR PRESENTATION, 26 OCTOBER 2017 Geir Håøy, President & CEO Harald Aarø, Acting CFO

  2. Slide 2: Highlights

    HIGHLIGHTS • Adaption continues, cost- and organizational initiatives are giving positive impact – KM revenues stabilizing, margins improving • Solid operations – All major projects on plan across the group • Important contract wins – Integrated concepts delivery to advanced LNG-driven ferry – Integ

  3. Slide 3: One KDA!

    ONE KDA! • KPS and KDS merged to one business area; Kongsberg Defence & Aerospace • The purpose is to establish a more integrated, coordinated and strong defence business, rather than having two separate business areas A joint defence business paves the way for continued growth and securing jobs in

  4. Slide 4: Financial Status

    FINANCIAL STATUS © KONGSBERG - All rights reserved

  5. Slide 5: Revenues Q3

    REVENUES Q3 4 567 4 234 4 222 4 340 4 009 4 125 3 952 3 721 3 733 3 428 Q3 revenues down 4.3 % YoY mainly 3 279 due to lower revenues from KPS • KM revenues down 1.8 % YoY, down 15.1 % YTD Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 • KDS revenues down 0.8 % YoY, up 10.8 % YTD 2015 2016 2017 • KPS revenues dow

  6. Slide 6: Orders Q3

    ORDERS Q3 4 970 3 993 4 067 3 749 3 491 3 451 3 388 New orders: 2 887 3 012 2 535 2 429 2 429 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 22 033 21 439 21 059 19 597 18 718 18 069 17 858 16 914 16 672 15 308 14 298 Backlog: 14 298 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 © KONGSBERG - All

  7. Slide 7: EBITDA Q3

    EBITDA Q3 493 515 486 419 408 • Profitability improving 386 334 339 274 207 • MNOK 90 special items Margin 8.4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 • KM EBITDA margin 9,7% 2015 - 40 2016 2017 KM 176 EBITDA: KDS 142 274 KPS - 53 Other 9 © KONGSBERG - All rights reserved 26.10.2017 WORLD CLASS - through

  8. Slide 8: Special Items in EBITDA Q3 and YTD

    SPECIAL ITEMS IN EBITDA Q3 AND YTD Q3 YTD Restructuring costs (KM, KPS, KDS) −90 −171 Buy-back of FX hedges + released provisions (KPS) 0 −60 Total1) −90 −231 1) List is not exhaustive © KONGSBERG - All rights reserved 26.10.2017 WORLD CLASS - through people, technology and dedication Page 8

  9. Slide 9: Patria

    PATRIA REVENUES (EUR) EBITDA (EUR) 152 136 141 29 109 116 24 25 102 106 94 89 96 20 87 19 17 14 12 11 9 5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 2015 2016 2017 Patria delivers according to plan • Performance expected to catch up towards year-end • Adjustment

  10. Slide 10: Cash Flow and Net Debt Q3 and YTD

    CASH FLOW AND NET DEBT Q3 AND YTD YTD Operating cash flow MNOK -196 in Q3, 330 450 MNOK 1,150 year to date 820 572 377 • Working capital reduced by MNOK 375 YTD 1 888 1 639 Cash Q4 2016 EBITDA Change in Dividend paid Net changes in Investments Cash Q3 2017 • In Q3 bond issue KOG06 was repaid, MNOK 2

  11. Slide 11: Business Update

    BUSINESS UPDATE © KONGSBERG - All rights reserved

  12. Slide 12: Business Area Update

    BUSINESS AREA UPDATE KM: • Organizational adaptions are becoming visible in Revenues stabilizing, P/L margins improving • Another important contract win for integrated concepts; LNG-driven Passenger Ferry KDS: • Large projects progressing as planned and Delivering on plan important contract wins • K

  13. Slide 13: Outlook

    OUTLOOK © KONGSBERG - All rights reserved

  14. Slide 14: Outlook

    OUTLOOK GROUP • Good overall outlook for KONGSBERG • Positive effects from restructuring measures in both maritime and defence • Increase in order intake expected going forward KONGSBERG MARITIME • Strong position and growth within complex, integrated solutions • Revenues expected to stabilize in 20

  15. Slide 15: Disclaimer

    DISCLAIMER This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking in

  16. Slide 16: World Class

    WORLD CLASS THROUGH PEOPLE, TECHNOLOGY AND DEDICATION © KONGSBERG - All rights reserved

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