Slide 1: Studsvik Group Q4 2024 and full year end report
Studsvik Group Q4 2024 and full year end report CEO Karl Thedéen CFO Peter Teske February 10, 2024
Slide 2: The Studsvik Offering and Nuclear Strategy
The Studsvik Offering and Nuclear Strategy Trusted Advisors in Nuclear Science & Technology Renew the Land with Apply niche technologies Support Operational Modernize the Industry Quality outside nuclear energy Efficiency and Longevity for deployment of NEW DECOMMISSIONING including Medical & of the
Slide 3: Group: Strong quarterly growth driven by fuel management software
Group Strong quarterly growth driven by the company’s fuel management software. ▪ Second strongest NS quarter in 10 years. ▪ Scandpower business area exceeded financial expectations, mainly due to the delivery of the GARDEL and CMS5 fuel management software to large US customers. ▪ Fuel and Material
Slide 4: Decommissioning and Radiation Protection Services
Decommissioning and Radiation Protection Services Providing 30 years of expertise and experience • In the area of decommissioning, we offer the entire chain from planning and project management to radiological assessments, radiological clearance of material and waste documentation. • Extrem Borr&Såg
Slide 5: Fuel and Materials Technology
Fuel and Materials Technology The international laboratory - 60 years within fuel qualification • Services in nuclear fuel qualification, analysis of material, research on final disposal, packaging of medical isotopes. • Testing and analysis operations are conducted at Studsvik’s facility in Sweden,
Slide 6: Scandpower
Scandpower 50 % of the light water reactors worldwide use our software • World-leader in development and support of software for reactor analysis that is independent of fuel suppliers. • Complete suite of licensed software and engineering services. • Our products are used throughout the world for re
Slide 7: Waste Management Technology
Before inDRUM Waste Management Technology treament 40 years of efficient waste handling • Licensed technical solutions to stabilize and reduce the volume of radioactive waste before intermediate storage and final disposal. • InDRUM test facility receiving great feedback from Customers. Business deve
Slide 8: CFO Peter Teske
CFO Peter Teske February 10, 2024
Slide 9: Net Sales increased with 7,9 %
Net Sales increased with 7,9 % • Sales in the quarter increased to 247,4 MSEK (228,4). • The group is performing a historical strong Q4. • Second strongest quarter for more than 10years • The acquisition of EBS had a positive effect on DRPS. • Strong Q4 2024. • Studsvik Scandpower delivers a stronge
Slide 10: Financial for respective Business Area
Financial for respective Business Area Decommissioning and Quarter 12 months Fuel and Materials Quarter 12 months radiation protection services Technology Q4 2024 Q4 2023 2024 2023 Q4 2024 Q4 2023 2024 2023 Sales, SEK million 94,4 73,5 373,3 336,7 Sales, SEK million 86,1 95,3 327,1 310,1 Operating p
Slide 11: Adjusted EBIT Quarter
Adjusted EBIT Quarter • Operating profit for the Group in the quarter was 1,6 MSEK, which corresponds to an operating profit of SEK 20,5 MSEK excluding items affecting comparability. • These include the costs of the efficiency programme implemented as well as inventory impairment losses. • The effic
Slide 12: Consolidated statement of profit or loss and other comprehensive income
Consolidated statement of profit or loss and other comprehensive income 10,9 Msek Items affecting comparability 1,0 Msek Items affecting comparability 6,9 Msek Items affecting comparability 45,7 adj. Operatin profit
Slide 13: Free Cashflow Quarter
Free Cashflow Quarter • Lower profit levels impacted liquidity. • Investments 12,5 (10,6) MSEK for the quarter. • 67,4 MSEK Full year (41,7) • High invoicing during second half of Q4. • Accounts receivables increased with over 75 Msek compared to Q3. • Still full focus on cash management within the
Slide 14: Group statement of financial position
Group statement of financial position
Slide 15: Growth, EBIT and Solidity targets vs actual 2024
EBIT Target +12 % Growth Target +6 % Solidity Target 40 % Adjusted EBIT 2024 5,1 Actual 2024 +8,1 % Actual 2024 37,8 % %* Studsvik Interim Report Q4 2024 2025-02-10 17
Slide 16: Communication to the market 2025
Communication to the market 2025 • To streamline our internal operations and our activation of the market we have decided to implement an organisational change by merging the Waste Management Technology and the Fuel and Materials Technology business areas with effect from the first quarter of 2025.
Slide 17: Acquisition of the BlackStarTech
Acquisition of the BlackStarTech
Slide 18: Studsvik extends its software capability; BlackStarTech acquired from Constellation
Studsvik extends its software capability for remote condition monitoring and loss of off-site power resiliency in nuclear plants; BlackStarTech Product Line acquired from Constellation, the largest producer of carbon-free energy in USA. Studsvik is proud to announce it has completed the acquisition
Slide 19: Company Profile Now Owned & Operated by Studsvik
Company Profile Now Owned & Operated by ▪ The BlackStarTech (“BST”) product family leverages Lithium technology batteries, IIoT software, Firmware, and connectivity solutions to deliver mission critical, back up and energy solutions to nuclear operators which reduces maintenance & operations costs a
Slide 20: Software and firmware for BlackStarTech products
Studsvik-developed Monitoring software Software for Safety related battery monitoring and controls Application software on roadmap are completed Firmware Firmware completed which has replaced Chinese New Firmware on roadmap firmware “Hardware with Software Gateways” 3rd party 4G/5G 3rd party remote
Slide 21: The IIoT and Plant Resilience Solutions
The IIoT and Plant Resilience Solutions The niche applications that BST provides to nuclear operators didn’t exist 5 years ago, so the market is fresh and the offering is unique. Product Families Beacon Genesis® Series QuantumCore® UPS Lightworks® Broadband® The BlackStarTech Product Portfolio repre
Slide 22: Summary of the Acquisition
Summary of the Acquisition ▪ Studsvik aims to grow the software business into critical IIoT applications and has acquired IP developed by Studsvik under contract which was owned by Constellation prior to the transaction. ▪ The BlackStarTech product line reduces operations & maintenance cost for emer
Slide 23: Outlook
Outlook Studsvik
Slide 24: Outlook
Outlook • In 2024, we have experienced topline growth, reduced costs and engaged positively with customers, laying a solid foundation for future growth and profitability in coming years. • We enter 2025 with a strong team, positive market climate, 2 acquisitions and a high demand for our products &
Slide 25: Thanks for listening!
Thanks for listening!