Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q1 2024 Earnings Presentation
16 slides from Kongsberg Gruppen Asa's earnings presentation, Apr 30, 2024
Slide 1: Protecting people and planet
Investor presentation Q1 2024 Protechting people and planet Geir Håøy, President & CEO Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not othe
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward- looking i
Slide 3: Quarterly highlights
Quarterly highlights • Continued growth across all business areas • Ranging from 16% to 40% • High market activity throughout the company • Book/bill >1 in all business areas • Strong positions driven by major trends related to sustainability and security • NOK 90.2bn record-high order backlog • New
Slide 4: Business update | Kongsberg Maritime
Business update | Kongsberg Maritime New build order Other intake Q1 24 Pax Fishery & SP • NOK 6.2bn order intake and 1.14 book/bill Offshore wind 4% 1% Seaborne OPU 4% 1% 20% • Diversified distribution of new orders 9% • High aftermarket activity – driven by upgrades and re-activation of vessels Na
Slide 5: Business update | Kongsberg Defence & Aerospace
Business update | Kongsberg Defence & Aerospace • NOK 5.2bn order intake and book/bill 1.06 Major orders secured in the quarter: • BNOK 1.4 NASAMS-contract with Norwegian • NOK 65.7bn record-high order backlog Defence Materiel Agency • Continued global tension highlights • BNOK 1.2 PROTECTOR RWS-con
Slide 6: Business update | Kongsberg Discovery
Business update | Kongsberg Discovery • NOK 1.2bn order intake and 1.10 book/bill • Strong demand for advanced sensors - Mapping and positioning systems drove growth in Q1 • HUGIN Endurance delivered to customer Order intake (NOK bn) Order backlog (NOK bn) Order backlog distribution +15% +11% 3.1 2.
Slide 7: Business update | Kongsberg Digital
Business update | Kongsberg Digital • Continued roll-out of digital twins and onboarding of new users on existing solutions • 44 digital twins in operation • Vessel Insight sold to various segments 2,460 2,600 2,700 22,500 24,000 Vessel Insight 21,000 Kognitwin Q3 23 Q4 23 Q1 24 Q3 23 Q4 23 Q1 24 #
Slide 8: Financial status
Financial status Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised repr
Slide 9: Revenue
Revenue Kongsberg Maritime Kongsberg Defence & Aerospace (NOK bn) +17% +40% 5.40 4.62 4.92 KONGSBERG 3.52 +26% 11.45 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 9.09 Kongsberg Discovery Kongsberg Digital +16% Recurring revenue 1.05 0.91 +34% Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 0.39 0.29 Q1
Slide 10: EBIT and EBIT-margin
EBIT and EBIT-margin Kongsberg Maritime Kongsberg Defence & Aerospace (NOK bn, %) 13.9% 15.4% 11.0% 14.2% 0.75 0.70 0.51 0.54 KONGSBERG EBIT-margin EBIT (NOK bn) Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 12.8% 11.2% 1.46 1.02 Kongsberg Discovery Kongsberg Digital 12.8% 10.9% (0.13)
Slide 11: Net working capital
Kongsberg Maritime Net working capital 9.9% 12.8% 2.69 (NOK bn, %) 1.72 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 KONGSBERG NWC of LTM-revenue (%) NWC (NOK bn) Kongsberg Defence & Aerospace -11.9% (1.54) -26.4% (4.58) 4.6% Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 0.1% 1.57 0.04 Kongsberg Discovery 42.2% 46.9% Q1 23 Q2 23
Slide 12: Cash flow development 1.1 - 31.3
Cash flow development 1.1 - 31.3 (NOK bn) (0.49) (0.15) 1.82 (0.52) 6.58 0.06 (0.26) 0.14 5.98 Cash 01.1 EBITDA Change in Tax and other Investment in Other investing Other financing Translation Cash 31.3 working operating PPE & R&D activities activities differences capital related items cash Numbers
Slide 13: Associated companies
Associated companies Kongsberg Satellite Services Patria Revenue (NOKm) EBIT (NOKm) KOG’s share of net profit (NOKm) Revenue (EURm) EBIT (EURm) KOG’s share of net profit (NOKm)* 312 587 532 472 422 419 168 168 85 103 139 100 87 91 98 42 7 23 1 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 -3 Q1 23 Q2 23 Q3 23 Q4 23
Slide 14: Outlook
Outlook Kongsberg Defence Kongsberg Kongsberg Kongsberg & Aerospace Maritime Discovery Digital • Ongoing marketing, tendering • Unique position towards the • Significant demand from areas • Continued increase in recurring and negotiations related to ongoing maritime such as fishery, marine research
Slide 15: Welcome to our Capital Markets Day 2024
Welcome to our Capital Markets Day 2024 KONGSBERG would like to invite you to our Capital Markets Day on Tuesday 4 June 2024 from 10:00 to 14:00 The event will take place in Kongsberg Please register on www.Kongsberg.com by Friday 31 May See Statement of Proprietary information
Slide 16: Protecting people and planet
Protechting people and planet KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in