Scana Asa · OSL:SCANA

Scana Asa — Q2 2022 Earnings Presentation

24 slides from Scana Asa's earnings presentation, Aug 24, 2022

  1. Slide 1: Second quarter 2022 – result presentation

    Second quarter 2022 – result presentation CEO Styrk Bekkenes CFO Torvald Ulland Reiestad 24 August 2022 | Bergen, Norway

  2. Slide 2: Agenda

    AGENDA  Q2 highlights and key figures  Our updated strategy and growth ambitions  Business areas and market drivers  Financials  Key takeaways

  3. Slide 3: Q2 highlights

    Q2 highlights  Scana wins pivotal contracts and enters new markets with an expanded product portfolio  The order book strengthened to new record highs  Improved EBITDA margins  The green transition and the high energy prices increasingly drive our growth  Well-positioned towards two major trend

  4. Slide 4: Increased profitability while market uncertainty paused top line growth

    Increased profitability while market uncertainty paused top line growth Revenues: -1% to NOK 206 mill EBITDA: +22% to NOK 20 mill - 1% + 22% 200 18 150 13 100 8 50 3 8 3 -2 16 20 90 61 62 208 206 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 0 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 -2 4

  5. Slide 5: Continued building backlog reaching a new record

    Continued building backlog reaching a new record Order backlog: +11% to NOK 444 mill Order intake: +9% to NOK 270 mill + 11% + 9% 450 250 400 350 200 300 250 150 200 100 150 100 50 444 270 50 126 98 78 399 33 33 43 248 0 0 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 5

  6. Slide 6: Our updated strategy and growth ambitions

    Our updated strategy and growth ambitions

  7. Slide 7: Our strategy: an active owner in the ocean industries

    OUR STRATEGY: AN ACTIVE OWNER IN THE OCEAN INDUSTRIES Positioned for the Long industrial history Strong profitable low-emission society and competence growth

  8. Slide 8: Major waves of change driving the market

    Major waves of change driving the market offshore offshore maintenance energy lag sustainable electrification solutions 8

  9. Slide 9: Ambition of yearly growth ~15% towards 2025 with transition towards Energy & Maritime

    Ambition of yearly growth ~15% towards 2025 with transition towards Energy & Maritime  Ambition of double digits annual organic growth towards 2025 1.7x  Strong position in Energy expected to drive transition in revenue mix going forward  2025 ambition of double digits <40% 1.7 EBITDA margin Offs

  10. Slide 10: M&A: What we are looking for?

    M&A: What we are looking for? Companies with a Value proposition Profitable Potential for Holds an already clear foothold in promoting companies with a synergies with established and the ocean sustainability capital-light Scana companies strong market industries business model or with a strong posit

  11. Slide 11: Our business areas and portfolio companies

    Our business areas and portfolio companies ~50%* ~30%* ~20%* *share of 2021 turnover proforma 11

  12. Slide 12: Business areas and market drivers

    Business areas and market drivers

  13. Slide 13: Offshore

    Offshore Products, services and life-time extensions to critical equipment for offshore industries.  Key signing for marine risers to a rig company  Strong backlog within surface treatment  Well positioned for growth with free capacity in state-of-the-art facilities  High tender activity NOK mil

  14. Slide 14: Offshore: Well-positioned for strong offshore project pipeline

    Offshore: Well-positioned for strong offshore project pipeline through unique infrastructure and carbon reducing solutions Key growth drivers Maintenance & modification spending on NCS climbing back to levels not seen since 2014 Rising demand for service and products with low carbon footprint 2021 2

  15. Slide 15: Energy

    Energy From shoreline to seabed, we power the ocean industry with sustainable energy solutions.  European expansion with broadened product portfolio  New shore power system to Iceland and a fast-charging system for ferries to Sweden  Product portfolio expanded with mobile battery systems for indu

  16. Slide 16: Energy: Complete solutions for electrification in fast-growing markets

    Energy: Complete solutions for electrification in fast-growing markets with powerful underlying drivers Key growth drivers Leading position in growing Large opportunity in untapped Norwegian market European market ~40% market share ~10% shore power adoption1) Strong regulations & stakeholder push Ma

  17. Slide 17: Maritime

    Maritime Valve control systems and mooring solutions to vessels, rigs, and floating structures.  Strong order intake with the Brazilian mooring deal being the most significant contract win  Valve control business negatively impacted by one larger project and challenges in the supply chain  High e

  18. Slide 18: Maritime: Niche leader with strong track record in growing market segments

    Maritime: Niche leader with strong track record in growing market segments  A leading provider of innovative Solid pipeline for Scana target vessel segments1) mooring solutions and valve remote control systems for vessels, rigs and 2021 2025 floating structures  Since 2015 diversifying into offsho

  19. Slide 19: Financials

    * Scana Powering the ocean industries Financials

  20. Slide 20: Improved EBITDA margins

    Improved EBITDA margins  Newly acquired companies Revenues and EBITDA margins Q2 2022 vs Q1 2022 drove up revenues and 230 9,1 % 9,7 % 0 Revenues 7,8 % profitability -1% 18 0 0 5,0 %  Increased profitability in 0 130 206 0 Offshore contributed to 80 206 to NOK mill. 0 the EBITDA rise 90 61 62 208

  21. Slide 21: Liquidity reserve of NOK 104 million

    Liquidity reserve of NOK 104 million  Liquidity reserve at end of June of 1 200 Funding, 30 June 2022 NOK 104 million NOK mill 1,088 1,088 Other financial assets: 62  Long term leases of strategic Net interest bearing debt: 227 1 000 premises at Mongstad and Ågotnes Net working capital: 127 increa

  22. Slide 22: Order intake gaining momentum

    Q2 2022 total order backlog +11% Order intake gaining momentum to NOK 444 mill. Offshore order backlog Energy order backlog Maritime order backlog % total % total % total Order Backlog Order Intake 500 300 450 270 40% 32% 250 400 28% 350 200 300 Offshore NOK mill Energy NOK mill Maritime NOK mill 25

  23. Slide 23: Key takeaways

    Key takeaways  Increased EBITDA margin and order backlog despite market uncertainties  With free capacity, growth in profitability will outpace the top line  Targets average annual growth of ~15% towards 2025  Positioned as a major player for decarbonisation and the green shift in the ocean indu

  24. Slide 24: Thank you

    If you have any questions, please send them to ir@scana.no Thank you Scana ASA | Wernersholmvegen 49 | NO-5232 Paradis, Norway | E post@scana.no scana.no

Scana — Q2 2022 Earnings Presentation on 6ix