Slide 1: HAV Group ASA Fourth Quarter 2021
HAV GROUP ASA PRESENTERS: FOURTH QUARTER 2021 GUNNAR LARSEN, CEO PÅL AURVÅG, CFO
Slide 2: Agenda
AGENDA • Q4 highlights • HAV Group ASA in brief • Subsidiaries and market opportunity • Financials • Market outlook • Q&A
Slide 3: Q4 Highlights
I1AV group Q4 HIGHLIGHTS inable future at Sea
Slide 4: Q4 Highlights: Key Developments
Q4 HIGHLIGHTS KEY DEVELOPMENTS Q4 21 Norwegian Electric Systems REVENUES EXTERNAL BACKLOG NOK 224 million (143) NOK >380 million • New contracts in retrofit-market with new customers. EBIT NUMBER OF SHAREHOLDERS HAV Group NOK 25 million (-12) 4 560 • Started repurchase-program of own shares. (1.78%
Slide 5: HAV Group ASA in Brief
117A\V group A Sustainable future at Sea HAV GROUP ASA IN BRIEF
Slide 6: HAV Group ASA
HAV Group ASA International provider of Vision: technology and services for A sustainable future at 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
EXPERIENCED MANAGEMENT TEAM Executive management Gunnar Larsen Pål Aurvåg Frank-Levi Kvalsund Marius Koksvik CEO, HAV Group CFO, HAV Group Senior VP HR/QHSE, HAV Group VP Business Developer, HAV Group 34 years of industry experience 16 years of industry experience 22 years of industry experience 7 y
Slide 10: Board of Directors
BOARD OF DIRECTORS VEGARD SÆVIK Chairman TORE HOPEN HEGE SÆVIK RABBEN VIBEKE FÆNGSRUD HELGE A. SIMONNES KJETIL YOO RIPE ANITA FJØRTOFT Director Director Director Director Director Director
Slide 11: Subsidiaries and Market Opportunity
SUBSIDIARIES AND MARKET OPPORTUNITY
Slide 12: HAV Design
HAV Design SIMULATION BASED SHIP DESIGN SEGMENT INFORMATION • Through a digital tool-kit, knowledge and innovation HAV NOKm Q4 2021 Q4 2020 YTD 2021 YTD 2020 Design offers environmentally friendly, safe and functional designs Operating income 111.3 28.8 627.1 248.3 • Sold designs for >120 vessels gl
Slide 13: Positioned for Further Growth
16 14 12 POSITIONED FOR FURTHER GROWTH 10 8 6 • Developed its unique design philosophy and design 4 2 process through years of experience, R&D 0 200720082009201020112012201320142015201620172018201920202021 investments and collaboration with leading ship Offshore supply vessel Aquaculture Transport (
Slide 14: Norwegian Greentech
Norwegian Greentech CLEAN WATER EXPERTS SEGMENT INFORMATION • Norwegian Greentech (NGT) was established in 2010 and NOKm Q4 2021 Q4 2020 YTD 2021 YTD 2020 designs, delivers, installs and services highly energy-efficient Operating income 45.7 15.2 167.5 75.1 compact ballast water treatment systems (B
Slide 15: 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 100 000 10 aquaculture projects 90 000 • Land-based salmon is set for stellar growth 80
Slide 16: Norwegian Electric Systems
Norwegian Electric Systems GREEN INNOVATION FOR THE OCEANS SEGMENT INFORMATION • Norwegian Electric Systems (NES) is a leading supplier of low/zero emission energy, propulsion and control systems for NOKm Q4 2021 Q4 2020 YTD 2021 YTD 2020 for a wide range of vessels • Designing optimal propulsion, e
Slide 17: 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 • Emission reduction by energy optimizing and digitization MARINE SYSTEM INTEGRATION SHIP PERFORMANCE MONITOR (SPM) Integration of different energy sources like d
Slide 18: Developing Rapidly to Meet the Emerging Hydrogen Market
DEVELOPING RAPIDLY TO MEET THE EMERGING HYDROGEN MARKET APPROVAL PRODUCT DEVELOPMENT ORGANIZATIONAL DEVELOPMENT The approval process for the The first complete integrated Novel technology development H2-system developed for the fuel cell system modules are requires thriving knowledge FreeCo2ast proj
Slide 19: The World Needs Significant Emission Reduction
THE WORLD NEEDS SIGNIFICANT EMISSION REDUCTION HAV HYDROGEN IN POLE POSITION TO TAKE PART IN UPCOMING HYDROGEN PROJECTS: • We offer risk reduction through significant R&D experience, approval expertise and turnkey system solutions • Established partnerships with industry majors • We have efficient p
Slide 20: Financials
I1AV group FINANCIALS inable future at Sea
Slide 21: Key Financials (Unaudited)
KEY FINANCIALS (UNAUDITED) Comments • Operating income in Q4 is high due to major NOKm Q4 2021 Q4 2020 YTD 2021 YTD 2020 trading deliveries. Margin 11% in Q4 in line Operating income 224 143 917 643 with average 2021 figures. EBITDA 31 -7 110 48 EBIT 25 -12 92 31 Net finance -3 18 -3 -11 Net profit
Slide 22: Q4 2021 Balance Sheet
Q4 2021 BALANCE SHEET Comments NOKm Q4 2021 Q4 2020 NOKm Q4 2021 Q4 2020 • Total Assets and liabilities reduced due to unaudited unaudited unaudited unaudited Assets Equity and liabilities extensive deliveries/finalization of projects. Non-current assets Equity Total intangible assets 85.4 89.1 Tota
Slide 23: Cash Flow Statement
CASH FLOW STATEMENT Comments NOKm Q4 2021 Q4 2020 • Positive Cash from operations unaudited unaudited • Profit – NOKm 89 Cash flow from operations • Net increase in receivables NOKm 123 Net cash flow from/to operating activities 214.2 17.5 Cash flow from investments Net cash flow used in investments
Slide 24: External Backlog of NOKm 382
EXTERNAL BACKLOG OF NOKM 382 Comments • Order backlog The external order back-log is NOK 382 77 million as of the end of 2021, a decrease from 542 in Q3. Reduced order backlog 168 in all segment during fourth quarter of 129 2021. 382 85 New significant order was signed by Internal External HDE NES NG
Slide 25: Market Outlook
117A\V group A Sustainable future at Sea MARKET OUTLOOK
Slide 26: 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 STRONG FUNDAMENTALS FOR the environmental impacts of its operations MARITIME CLEANTECH • HAV Group is a diversified maritime technology company re
Slide 27: HAV Group Positioned to Capture Demand Growth for Innovative Solutions
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 28: A Sustainable Future at Sea - Q&A
A Sustai inable future at Sea I71AV group — Q&A