14 slides from Integrated Wind Solutions Asa's earnings presentation, August 2022
Slide 1: Q2 2022 Presentation
Q2 2022 Presentation August 2022
Slide 2: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider 2
Slide 3: IWS business areas | Covering integrated services and asset management
IWS business areas | Covering integrated services and asset management Integrated Services Operations and Asset Management 97%1) 100% 30% → 49%2) Electrical engineering & Owner and operator of services and strategic high-end CSOVs A leading provider of advisory Operations and Asset Management 1) 97%
Slide 4: Q2 2022 | Highlights
Q2 2022 | Highlights Total revenue of NOK 56m and EBITDA of NOK -3m for Q2 2022 vs. NOK 51m and NOK -7m for Q1 2022, respectively. Strategic partnership agreement with Bourbon to address the French commissioning and maintenance market of offshore wind farms. Dogger Bank C charter contract with comme
Slide 5: Q2 2022 | Highlights (cont.)
Q2 2022 | Highlights (cont.) 5
Slide 6: IWS Skywalker | Commissioning Service Operation Vessel newbuilding 1
IWS Skywalker | Commissioning Service Operation Vessel (“CSOV”) newbuilding 1 6
Slide 7: Offshore Wind Market Update
OFFSHORE WIND MARKET UPDATE European countries continue to increase offshore wind targets 2030 offshore wind capacity forecasts increased by 3GW to 136GW since Q1 European 2030 capacity forecast (GW) Market updates * The European target remains 125-130 GW of offshore wind installed in 2030 and Europ
Slide 8: CSOV market | Favourable market dynamics
CSOV market | Favourable market dynamics Growth in offshore wind turbines (# ‘000) Vessel supply & demand (#) Charter rates for offshore wind vessels Source: Clarksons 8 *SPS = “Special Purpose Ships”, which are vessels that carry special personnel who are neither crew members nor passengers *W2W =
Slide 9: IWS Fleet | CSOVs contracted at attractive prices
IWS Fleet | CSOVs contracted at attractive prices Newbuilding yard prices1 (EUR million) Four CSOVs ordered at an attractive average yard price of EUR 46m 9 1) Source: Clarksons
Slide 10: IWS Fleet | Well positioned to benefit from a strong market
IWS Fleet | Well positioned to benefit from a strong market Under construction Firm contracts Options 10 1) The contract will be effective when contractual documentation is completed, expected in H2 2022.
Slide 11: Key financials | Q2 2022
Key financials | Q2 2022 Income statem (NOK Q2 2022 Q1 2022 Operating revenue 54,861 49,591 PEAK Wind share of net profit of NOK 2.2m, remaining related to Share of net profit of associates © 4,302 1,278 the amortisation of intangible assets and accounting amendments Total revenue 56,163, 50,869 -57
Slide 12: Key financials | Q2 2022
Key financials | Q2 2022 lance sheet (NOK '000) 22022 © Q1 2022 Q22022 © Q1 2022 Vessels under construction 376,227 330,179 Share capital 57,076 52,802 Intangible assets 67,846 65,065 Share premium reserve 970,687 907,006 Investments, equity method (PEAK Wind) 133,321 123,877 Retained earnings -20,5
Slide 13: Outlook
Outlook Highly positive outlook for the offshore wind industry. Well-positioned to take part in the industry growth by providing CSOVs, electrical works (ProCon), offshore wind consultancy (Green Ducklings), and the consultancy & advisory and operations & asset management services of wind farms prov
Slide 14: iws@integratedwind.com integratedwind.com
iws@integratedwind.com integratedwind.com