Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Investor Day (2016)
17 slides from Kongsberg Gruppen Asa's investor day presentation, 2016
Slide 1: Kongsberg Protech Systems
KONGSBERG PROTECH SYSTEMS Espen Henriksen, President Photo: Forsvaret
Slide 2: 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
Slide 3: Agenda
AGENDA THIS IS KONGSBERG PROTECH SYSTEMS DEVELOPMENT SINCE CMD 2015 MARKET OUTLOOK THE DRONE THREAT KEY TAKEAWAYS © 2016 KONGSBERG – All rights reserved.
Slide 4: Kongsberg Protech Systems
Offices in Norway, USA, Canada and Australia 605 employees Revenues LTM 2.1 BNOK KONGSBERG The world leading Order backlog 3.0 BNOK PROTECH SYSTEMS provider of RWS systems The main product is the remotely operated weapon system PROTECTOR. The PROTECTOR family of products has achieved a leading posit
Slide 5: Revenues normalising
REVENUES NORMALISING MODEST MARGINS REFLECT INVESTMENTS FOR FUTURE GROWTH REVENUES EBITDA 727 2 876 2 420 2 137 419 1 777 1 566 254 227 165 25,3% 17,3% 16,2% 12,8% 7,7% 2012 2013 2014 2015 2016* 2012 2013 2014 2015 2016* EBITDA 2014 reflects net positive non-recurring items of MNOK 200 EBITDA 2015 r
Slide 6: Somewhat lower revenue visibility for next year
SOMEWHAT LOWER REVENUE VISIBILITY FOR NEXT YEAR BACKLOG 3 523 3 218 3 325 3 036 2 805 3 036 2016 2017 2018+ 21% 43% 36% 2012 2013 2014 2015 16Q3 BREAKDOWN BY DELIVERY YEAR Life-cycle business and framework agreements not converted into delivery contracts are not included in the backlog. © 2016 KONGS
Slide 7: Agenda
AGENDA THIS IS KONGSBERG PROTECH SYSTEMS DEVELOPMENT SINCE CMD 2015 MARKET OUTLOOK THE DRONE THREAT KEY TAKEAWAYS © 2016 KONGSBERG – All rights reserved.
Slide 8: Development since CMD 2015
DEVELOPMENT SINCE CMD 2015 MCT 30 FOR STRYKER CROWS LOW PROFILE CROWS TECH. REFRESH CANADIAN TAPV Contract signed with GDLS for CROWS Low Profile serial deliveries Major technology upgrade System approved and US Army. First delivery 1st on contract. contract signed with USG. deliveries ongoing. Sept
Slide 9: First Stryker with MCT-30 roll-out
ROLL-OUT FIRST STRYKER WITH MCT-30 – 27 OCTOBER • First four systems delivered • 8 + 83 systems on contract • To be fielded to the 2nd Cavalry Regiment in Germany • Government testing commences December 2016 • Operational early 2018 • The US Army has 9 Stryker brigades © 2016 KONGSBERG – All rights
Slide 10: CROWS Low Profile
CROWS LOW PROFILE • Now in serial production • Orders for approx. 400 systems Pictures indicating the position of a person standing in the commanders hatch. Illustration only. (modified and new) • Potentially 1,200 more to come for Abrahms • Creates interest also for other Main Battle Tanks, Leclerc
Slide 11: Agenda
AGENDA THIS IS KONGSBERG PROTECH SYSTEMS DEVELOPMENT SINCE CMD 2015 MARKET OUTLOOK THE DRONE THREAT KEY TAKEAWAYS © 2016 KONGSBERG – All rights reserved.
Slide 12: Market outlook - RWS
MARKET OUTLOOK - RWS • Market projections shows a stable development for the global RWS niche – KPS experience US stable to negative – KPS experience RoW stable to positive • The market for Medium Caliber is immature – No specific market projections are available – KPS experience increased interest
Slide 13: Agenda
AGENDA THIS IS KONGSBERG PROTECH SYSTEMS DEVELOPMENT SINCE CMD 2015 MARKET OUTLOOK THE DRONE THREAT KEY TAKEAWAYS © 2016 KONGSBERG – All rights reserved.
Slide 14: The drone threat
THE DRONE THREAT • Small drones have become a significant threat − Drones for surveillance − Drones that can carry weapons • How to detect? • How to defeat? • The PROTECTOR has one solution © 2016 KONGSBERG – All rights reserved.
Slide 15: Agenda
AGENDA THIS IS KONGSBERG PROTECH SYSTEMS DEVELOPMENT SINCE CMD 2015 MARKET OUTLOOK THE DRONE THREAT KEY TAKEAWAYS © 2016 KONGSBERG – All rights reserved.
Slide 16: Key takeaways
KEY TAKEAWAYS • First MCT-30 for Stryker delivered • The US Army as reference customer for MCT-30 prove the quality of the system for other customers • KONGSBERG maintains a strong position in the US for RWS, but revenues expected to stay at a relatively low level near term – major opportunities goi
Slide 17: Photo: Forsvaret
Photo: Forsvaret