Slide 1: HAV Group ASA Q2 2021
HAV Group ASA Q2 2021 A sustainable future at sea
Slide 2: Agenda
Agenda • Q2 highlights • HAV Group ASA in brief • Subsidiaries and market opportunity • Financials • Market outlook • Q&A
Slide 3: Q2 highlights
/1NVoroup Q2 highlights
Slide 4: Q2 highlights
Q2 highlights Key developments REVENUES EXTERNAL BACKLOG HAV Design NOK 304 million (187) NOK >460 million • Design of 2 new electric ferries for Fjord1 EBIT NUMBER OF SHAREHOLDERS • Rebuild-design of Esvagt Dana NOK 37 million (23) 1254 • Design & Equipment to live fish carrier for Frøy CASH FROM O
Slide 5: HAV Group ASA in brief
/1NVoroup HAV Group ASA in brief
Slide 6: HAV Group ASA
HAV Group ASA International provider of Vision: A sustainable future at technology and services for sea Established in 2021 maritime industries Comprises four subsidiaries with Special expertise in guiding the several decades of combined marine and maritime industries industry experience towards zer
Slide 7: HAV Group value creation
HAV Group value creation Extracting synergies through Actively taking part in the Stimulating intercompany Pursuing value accretive economies of scale, companies’ strategic business development and growth, organic and through standardization of processes development R&D processes consolidation and s
Slide 8: Provider of ocean technologies with focus on ship design, equipment and system solutions
Provider of ocean technologies with focus on ship design, equipment and system solutions Four subsidiaries with a leading position within its segments A supplier of innovative ship design – HAV Design is a pioneer in the design and construction of zero-emission vessels A supplier of ballast water tr
Slide 9: Experienced management team and Board of Directors
Experienced management team and Board of Directors Executive management Gunnar Larsen Stig Magne Espeseth CEO, HAV Group Managing Director, HAV Design 34 years of industry experience, 13 years with HAV 32 years of industry experience, 16 years with HAV Design Håvard Gjelseth Kristian Osnes Managing
Slide 10: Subsidiaries and market opportunity
Subsidiaries and market opportunity
Slide 11: HAV Design
HAV Design Designer of environmentally friendly vessels Segment information • Through a digital tool-kit, knowledge and innovation HAV Design offer environmentally friendly, safe and functional designs NOKm Q2 2021 Q2 2020 YTD 2021 YTD 2020 • Know-how about hydrogen powered vessels through participa
Slide 12: Established position within growth segments
Established position within growth segments • Sold designs for >100 vessels globally 16 • Designed 18 zero emission vessel 14 designs and 10 vessels designs for 12 renewable energy 10 • Recent projects include Windmill SOV’s for ESVAGT, CSV for REM Offshore, 8 electric ferries for Fjord1, hybrid-ele
Slide 13: A frontrunner on innovative solutions
A frontrunner on innovative solutions Solving complex problems to meet future emission targets • Developed its unique design philosophy and design process through years of experience, R&D investments and collaboration with leading ship owners • Proprietary methods for model test and calculation simu
Slide 14: Norwegian Greentech
Norwegian Greentech About Segment information • Norwegian Greentech was established by the present management team in 2010, building on technology and know- NOKm Q2 2021 Q2 2020 YTD 2021 YTD 2020 how within water treatment for aquaculture and maritime use • NGT designs, delivers, installs and servic
Slide 15: Implemented regulations will drive demand
Implemented regulations will drive demand The international Ballast Water Management Convention entered into force in 2017 • Huge retrofit market. Sailing vessels must install water treatment systems within 2024 • This represents a market of approx. 60.000 vessels • NGT has already secured fleet agr
Slide 16: Water cleaning technology to be applied over a range of industries
Water cleaning technology to be applied over a range of industries High demand for land-based salmon Land-based fish farming expected to grow 10x by 2025 • NGT has supplied water treatment solutions for more than 10 100 000 aquaculture projects 90 000 • Land-based salmon is set for stellar growth 80
Slide 17: Norwegian Electric Systems
Norwegian Electric Systems Green innovation for the oceans Segment information • Norwegian Electric System is a leading supplier of low/zero emission energy, propulsion and control systems for for a wide NOKm Q2 2021 Q2 2020 YTD 2021 YTD 2020 range of vessels • Designing optimal propulsion, energy a
Slide 18: The one stop shop to meet future IMO targets
The one stop shop to meet future IMO targets NES’ fully integrated solutions enabling customers to meet greenhouse gas emission targets Marine System Integration Ship Performance Monitor (SPM) Integration of different energy sources like diesel or gas generator-sets, Highly adaptable monitoring soft
Slide 19: HAV Hydrogen
HAV Hydrogen Havyard Group ASA through HDS & NES and consortium partners (Havila Kystruten, Prototech, Sintef) was awarded a 95 MNOK Pilot E development project for large scale maritime hydrogen application back in 2018 The FreeCO2ast will develop a high-capacity hydrogen energy system, approved
Slide 20: The HAV Hydrogen solution from A to Z
The HAV Hydrogen solution from A to Z The approval will be done on a 3.2 MW fuel cell system compared to The system is designed for high Low-pressure hydrogen storage The solutions are design for vessels other projects in the 400kW scale scalability in both fuel cell size and solution can solve impo
Slide 21: Norwegian government demanding hydrogen powered vessels
Norwegian government demanding hydrogen powered vessels Havyard Hydrogen in pole position to take part in upcoming hydrogen projects: • Competence in place • Developed a unique system solution to tackle complex issues • Established partnerships with industry majors • The government aiming to facilit
Slide 22: Financials
/1NVoroup Financials
Slide 23: Key financials (unaudited)
Key financials (unaudited) Comments • Operating income increased by 62 % in Q2 NOKm Q2 2021 Q2 2020 YTD 2021 YTD 2020 2020 2021 compared to Q2 2020 • The increase is mainly due to extensive Operating income 304 187 612 374 656 delivery of traded equipment compared to 2020 EBITDA 41 27 64 55 75 EBIT
Slide 24: Q2 2021 balance sheet
Q2 2021 balance sheet Comments NOKm Q2 2021 Q2 2020 NOKm Q2 2021 Q2 2020 • Total Assests and liabilities reduced due to unaudited unaudited unaudited unaudited extensive deliveries/finalization of projects. Assets Equity and liabilities Non-current assets Equity Total equity 123.0 3.2 Total intangib
Slide 25: Cash flow statement
Cash flow statement Comments NOKm Q2 2021 Q2 2020 • Positive Cash from operations unaudited unaudited • Profit – NOKm 56 Cash flow from operations • Net increase in receivables NOKm 95 Net cash flow from/to operating activities 159.0 44.3 Cash flow from investments Net cash flow used in investments
Slide 26: External backlog of NOKm 468
External backlog of NOKm 468 Comments • Order back log • Reduced due to extensive trading deliveries from HAV Design in this quarter. • Increase in both NES and NGT 104,2 276 467,9 208 88 Internal External HDH HDE NES NGT
Slide 27: Market Outlook
/1NVoroup Market Outlook
Slide 28: HAV Group positioned to capture demand growth for innovative solutions for maritime industries
HAV Group positioned to capture demand growth for innovative solutions for maritime industries MARITIME CHARGING INFRASTRUCTURE ZERO EMISSION DIGITALIZATION ELECTRICAL TOOLS PROPULSION SYSTEMS AQUACULTURE WATER HYDROGEN TREATMENT ENERGY SYSTEM SYSTEMS SOLUTIONS* BALLAST WATER ENERGY TREATMENT OPTIMI
Slide 29: Summary, outlook and priorities
Summary, outlook and priorities • The maritime and marine industries are subject to tremendous regulatory, economic and public opinion pressure to reduce the Strong fundamentals for environmental impacts of its operations maritime cleantech • HAV Group is a diversified maritime techology company ren
Slide 30: /1NVoroup
/1NVoroup