Slide 1: Q3 2020
Q3 2020 Anders Thingbø – CEO Kurt Østrem – CFO
Slide 2: Highlights Q3 2020
Highlights Q3 2020 • Revenue growth continues despite negative effects from Covid19 • Gross margin temporary lower • Operating cost as a share of revenues has been reduced • EBITDA on par with Q3-2019 • Strong cash generation • New sales of electric vehicles in Europe recovering • Technology develop
Slide 3: Key revenue figures development
Key revenue figures development Q3 2020 MNOK Q3 - 2020 Q3 - 2019 Change Market share stable in Norway Total 48,6 38,7 25,6 % Norway 34,6 34,8 -1 % Largest export markets are Switzerland, International 14 3,9 259 % Sweden, Denmark and Iceland Sept. MNOK sep.20 sep.19 Change September the strongest co
Slide 4: Key profitability figures development
Key profitability figures development • Gross margin has a temporary Q3 - 2020 Q3 - 2019 Change Per sept. 2020 Per sept 2019 Change reduction in 2020 due to higher Gross margin 34% 44% -10% 37% 45% -8% demand than expected of ZAPTEC Home which for 2020 has a Operating cost 12 11 1 35 31 4 relatively
Slide 5: EV markets took a U-turn from Q2 to Q3
EV markets took a U-turn from Q2 to Q3 New Car Sales, Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV) 20 000 140% 18 000 120% 16 000 100% 14 000 80% 12 000 60% 10 000 40% 8 000 20% 6 000 0% 4 000 2 000 -20% 0 -40% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Norw
Slide 6: ZAPTEC offers world leading technology to assist Europe in reaching its CO2 emission targets
ZAPTEC offers world leading technology to assist Europe in reaching its CO2 emission targets for cars 2019 2020 EU target 130 g 95 g CO2/km CO2/km EU: Specific emission targets for car manufacturers with penalty payments for excess emissions and super credits for producing EVs Actual emissions from
Slide 7: Forward looking statements
Forward looking statements • Our guiding for revenue growth is 25-30% in 2020 • Our guiding for annual revenue growth is 35-50% for the next 3 years • Our guiding for EBITDA margin is 20% in 2023