M Vest Water As · OSL:MVW
M Vest Water As — Q3 2024 Earnings Presentation
14 slides from M Vest Water As's earnings presentation, 2024
Slide 1: Third Quarter 2024 Report
THIRD QUARTER 2024 REPORT Presented by: Executive Chairman - Tor Olav Gabrielsen CFO - Morten Hilton Thomassen
Slide 2: Agenda
AGENDA 01 02 03 Q3 Highlights MVW - In Brief Business Update 04 05 06 Financial Update Outlook Q&A
Slide 3: Q3 Highlights
Q3 Highlights Strong sales growth Year-over-year, with 56% growth compared to Q3 2023. Increased tender portfolio and activity in Oil & Gas, aquaculture and dredging. Substantial growth in recurring revenue due to NORWAFLOC® supplies to two additional salmon slaughterhouses from September. Contract
Slide 4: MVW in Brief: Quick facts and products
Support industries in solving water pollution challenges. Our products and services: NORWAFLOC® : QUICK FACTS: Based on natural and bio-degradable products, no Founded in 2017 harm to nature. HQ in Bergen, Norway NORWAPOL®: Subsidiary in Germany Novel filtration process. Listed on EuroNext Oslo Grow
Slide 5: Target industries: Aquaculture, Oil & Gas, Dredging, Municipal
AQUACULTURE Reduce discharge to sea Reuse of bio waste (phosphorus, nitrogen) The global Ensure better fish water health treatment chemical market is expected to reach USD 50 billion by 2028 Oil & Gas Dredging Municipal Reduce discharge of Replace synthetic Replace oil and pollutants to chemicals na
Slide 6: Megatrends to accelerate growth of green technologies
Source: Morgan Stanley Institute for sustainable investing (2024) MEGATRENDS TO ACCELERATE GROWTH OF GREEN TECHNOLOGIES 77 % of investors globally are Urgent need for more clean and usable water interested in sustainable investing, Imminent regulatory change in Europe will ranking water solutions fo
Slide 7: Sludge and regulatory opportunities with potential applications
German regulatory Sludge from Norwegian changes moving towards Salmon Slaughterhouses zero tolerance for synthetic polymeres An estimated 20,000 MVWs solution enables tons currently discharged the reuse of sludge from into the sea may be dredging in landfill repurposed POTENTIAL APPLICATIONS: Fertil
Slide 8: Markets Segments: Oil & Gas business update
MARKETS SEGMENTS Business Update USA Produced water Middle East (Oil contaminated water from 2018 2023 2024 Norway onshore and offshore oil Europe production) Slop water (oil-contaminated water that, for example, comes from the drains of a drilling rig or ship) Oil terminals Oil refineries Long term
Slide 9: Markets Segments: Aquaculture business update
MARKETS SEGMENTS Business Update Norway, Iceland, Scotland, Ireland, Fish slaughterhouses 2022 2023 2024 Peru, Chile, Canada Launced market- Sale of water Fishmeal factories leading solution, treatment equipment for treatment of to 4 salmon bloodwater for slaughterhouses. Land-based farming salmon s
Slide 10: Markets Segments: Dredging and sludge business update
MARKETS SEGMENTS Business Update Germany Europe Dredging plants 2022 2023 2024 USA Mobile dredging plants Sand & Gravel, Sand Moving, Mining Sewage sludge Established Pilots and A milestone subsidiary in qualifications. achieved, Germany. replacing 100% synthetic chemicals with green chemicals. Firs
Slide 11: Contracts and Partnerships
CONTRACTS AND PARTNERSHIPS TYPE Business Update NORWAPOL® Oil terminal NORWAFLOC® SAR Group NORWAFLOC® CATEGORY 2024 Treatment boiler feed water NORWAPOL® HIGH CONTRACTS 1 SALES NORWAFLOC® and Salmon slaughterhouses 12 AND dewatering eq., DAF TENDER 2 Erko Settefisk NORWAPOL® OPPORTUNITIES ACTIVITY
Slide 12: Financial Update: Key figures
Financial Update Key figures: Revenue in Q3 2024 is equal to MNOK 5,3. Year-over-year sales growth of 56 % compared to Q3 2023. Loss before tax was MNOK 6. Cash flow from operating act. was negative 8,1 MNOK. Interest-bearing debt was MNOK 1.
Slide 13: Outlook
Large, global, and evolving markets. Growing demand for greener solutions in water and sludge treatment. Secured reccuring revenue from sale of chemicals to three salmon slaughterhouses. Technological advancements and international contracts confirm both quality and competitiveness. Growth ambitions
Slide 14: Connect with us
Connect with us: +47 55 98 99 99 info@mvestwater.com