M Vest Water As · OSL:MVW
M Vest Water As — Q4 2022 Earnings Presentation
18 slides from M Vest Water As's earnings presentation, Feb 14, 2023
Slide 1: 2022 4th Quarter Report
2022 | 4th QUARTER REPORT - February 14th 2023 CEO – Stein E. Giljarhus, CFO - Morten Hilton Thomassen
Slide 2: Agenda
AGENDA ❖ M Vest Water in brief ❖ Highlights and key figures ❖ Business update ❖ Q&A
Slide 3: M Vest Water in brief
M Vest Water in brief
Slide 4: M Vest Water in brief
M Vest Water in brief • Founded in 2017 • Water- and sludge treatment • Main products; NORWAFLOC® & NORWAPOL® • Unique and green patented technology • Offices in Norway and Germany • 13 Full time employees NORWAFLOC® NORWAPOL® • Listed on Euronext Growth Oslo (MVW) Bio-flocculant Polishing reactor
Slide 5: Highlights
Highlights
Slide 6: Highlights Q4 2022
HIGHLIGHTS Q4 2022 Events Q4 Subsequent events Contract awarded – NORWAPOL®, Aquaculture NORWAPOL® solution to the Erko Settefisk AS Proof of technology - NORWAFLOC® Intake water at RAS facility - Norway Field proven to the dredging / sludge dewatering industry in full scale at the largest mechanica
Slide 7: Financial Position Q4 2022
FINANCIAL POSITION Q4 2022 MVW Q4 2022 Financial Key Figures • Revenues Q4: Figures in MNOK Q4 2022 YTD 2022 • 3 paid commercial projects Revenues 0.7 1.8 • Sale of NORWAFLOC® Operating expenses 8.6 30 Net Profit -8 -29 • OPEX 8,6 MNOK in Q4 CAPEX and R&D capitalization 3 10 • Capex amounts to MNOK
Slide 8: Business update
Business update
Slide 9: Prioritized Market Segments
4 PRIORITIZED MARKET SEGMENTS • Oil & Gas – produced water, slop water • Aquaculture – fish farming, slaughterhouses • Municipal wastewater and sludge dewatering • Dredging water treatment and sludge-dewatering (River-, lake- and harbour sludge)
Slide 10: 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 11: Update Oil & Gas
Update Oil & Gas Technological breakthrough NORWAPOL® and NORWAFLOC® was field proven to the US Oil & Gas industry in pilot program in Q3 at a major global Oil & Gas operator for treatment of onshore produced water, replacing existing old-fashion technology. ➢ Extended verification testing in Q4 202
Slide 12: 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 13: Update Aquaculture
Update Aquaculture Salmon slaughterhouses 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 slaughterhouses – treatment of bloodwater ➢ NORWAFLOC® was proven to the
Slide 14: 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. ➢ MVW sees strong synergies working with Norway and Germany in parallel with ongoing projects in
Slide 15: Update Municipal wastewater
Update Municipal wastewater ➢ The market accounts for 60% of the total flocculants and coagulants market globally. ➢ MVW is involved in municipal wastewater projects in both Norway and Germany. ➢ MVW sees strong synergies working with Norway and Germany in parallel with ongoing projects in both coun
Slide 16: 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 17: Thank you for your attention
Thank you for your attention Next - Q&A
Slide 18: 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