Slide 1: Second quarter and half-year results 2021
Proud ownership Aker ASA Q2 Second quarter and half-year results 2021 2021 16 July 2021
Slide 2: Highlights
Highlights ▪ Net asset value: Increased by 9% in the quarter, including dividend paid, to NOK 66.9 billion. Per-share NAV amounted to NOK 901. ▪ Return: Aker share price decreased 1% in the quarter, including dividend paid, to NOK 635 vs. OSEBX up of 5.9% and the Brent price up 18.5%. ▪ Liquidity re
Slide 3: 9% return on NAV in the second quarter, including dividend
Aker ASA and holding companies 9% return on NAV in the second quarter, including dividend Net asset value change in 2Q 2021 Net asset value change in 1H 2021 NOK billion NOK billion 1Q21 62.2 62.2 Q420 53.4 Aker BP 4.9 Aker BP 9.1 Aker Horizons 4.4 Cognite 3.6 Cognite 3.6 Aker Solutions 0.2 Ocean Yi
Slide 4: Share price declined 1%, value adjusted equity 84%
Aker ASA and holding companies Share price declined 1%, value adjusted equity 84% NAV per share vs. share price Net asset value composition NOK per share NOK billion, per 2Q 2021 901 79.5 900 838 829 800 718 700 600 Industrial Holdings 66.9bn Other Financial Investments 90% 71.9 84% 500 461 Cash 417
Slide 5: Portfolio composition
Aker ASA and holding companies Portfolio composition Gross asset value distribution Per 2Q 2021 (1Q 2021) Cash 1% (1%) Real estate 1% (1%) Software 9% (4%) Portfolio composition Other 2% (3%) NOK billion, per 2Q 2021 Oil and gas related 55% (53%) Listed investments Seafood and Unlisted investments m
Slide 6: Aker's portfolio of listed Industrial Holdings
Listed Industrial Holdings Aker’s portfolio of listed Industrial Holdings - Share of Aker’s GAV in circle colour – return in the quarter (incl. received dividend) inside the circle - and key highlights +14.1% -24.6% +2.7% • Reported revenues of USD 74 million and an EBITDA of USD 19 • The company co
Slide 7: Aker's portfolio of non-listed Industrial Holdings
Non-listed Industrial Holdings Aker’s portfolio of non-listed Industrial Holdings Industrial software and digitalization portfolio E&P company in Ghana • Reported NOK 155 million in revenues in the second • Aize* aims to digitalize the EPC value chain in capital- • Strategy shifted from centralized
Slide 8: Financial Investments
Aker Financial Investments 16 July 2021 AKER ASA | Second-quarter and half-year results 2021 8
Slide 9: Overview
Financial Investments Overview % of gross asset value (30.06.2021) Value of NOK 7.6 billion 10% NOK billion 9 8 Other financial investments 7 6 Real estate 5 Listed financial investments 4 3 Cash 2 1 0 31.12.20 31.03.21 30.06.21 16 July 2021 AKER ASA | Second-quarter and half-year results 2021 9
Slide 10: Cash
Financial Investments Cash % of gross asset value (30.06.2021) Value of NOK 0.5 billion 1% ▪ Cash down NOK 0.3 billion in the quarter to NOK 0.5 billion: + NOK 600 million from drawdown on revolving credit facility + NOK 440 million in dividend received in cash – NOK 873 million in dividend paid – N
Slide 11: Listed financial investments
Financial Investments Listed financial investments % of gross asset value (30.06.2021) Value of NOK 0.9 billion 1% Aker’s investment ▪ Value decrease of investments in Philly Shipyard and Solstad NOK million 4Q 20 1Q 21 2Q 21 Offshore of NOK 65 million and NOK 42 million, respectively. Philly Shipya
Slide 12: Real estate and other financial investments
Financial Investments Real estate and other financial investments % of gross asset value (30.06.2021) Value of NOK 6.2 billion 8% ▪ NOK 175 million in increased equity investment in Aker Property Group during the quarter. Started construction of Aker’s investment Aker Tech House at Fornebu. NOK mill
Slide 13: Financial Statements
Aker Financial Statements 16 July 2021 AKER ASA | Second-quarter and half-year results 2021 13
Slide 14: Balance sheet at 30.06.2021
Aker ASA and holding companies Balance sheet at 30.06.2021 Value-adjusted (MNOK) 79 516 Book value (MNOK) 12 607 66 909 41 479 41 479 33 001 25 430 3 788 101 529 618 Tangible and non- Interest-bearing assets Non interest-bearing Cash and cash Investments Liabilities Shareholders tangible fixed asset
Slide 15: Interest-bearing items as of 30.06.2021
Aker ASA and holding companies Interest-bearing items as of 30.06.2021 NOK million NOK million 13 000 12 000 8000 Bank loans 11 000 7000 Bonds 10 000 6000 9 000 5000 Net interest-bearing debt 8 000 of NOK 8.1 billion 4000 7 000 3000 6 000 2000 5 000 AKER 14 AKER 15 1000 4 000 AKER 09 Cash 0 3 000 In
Slide 16: Income statement
Aker ASA and holding companies Income statement Amounts in NOK million 2Q 2020 2Q 2021 1H 2020 1H 2021 Year 2020 Operating expenses (79) (68) (141) (143) (270) EBITDA (79) (68) (141) (143) (270) Depreciation and impairment (8) (8) (16) (15) (82) Value change 191 78 (486) 7 275 3 815 Net other financ
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Slide 18: Disclaimer
Disclaimer ▪ This Document includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Document are based on current expectations, estimates and projections about glo