Vow Asa · OSL:VOW
Vow Asa — Scanship Holding — Q3 2019 Earnings Presentation
24 slides from Vow Asa's earnings presentation, Oct 22, 2019
Slide 1: 3Q2019 Trading Update with insight into strategies for growth in new markets
3Q2019 Trading Update with insight into strategies for growth in new markets (included contract awards on 22.10.2019) Scanship Holding ASA October 22, 2019 Henrik Badin CEO 1
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by the management of Scanship using commercially reasonable efforts to provide estimates and information about the company and prospective new markets. The Presentation includes and is based, inter alia, on forward-looking information and statements tha
Slide 3: at a glance
at a glance • provider of wastewater purification and waste management systems to prevent pollution to sea • increasing offering within waste valorization technologies to enhance circular economy and clean energy production • listed on Oslo Stock Exchange with ticker SSHIP • NOK 330 million of reven
Slide 4: delivering to demanding industries building on long term partnership
delivering to demanding industries Delivering high quality Long-term business technologies relationships Leading the field Sustainable solutions through innovation for circular economy building on long term partnership 4
Slide 5: strong cruise industry track record
strong cruise industry track record Scanship Waste Handling Scanship Foodwaste Scanship Bio-Sludge Scanship AWP Scanship MAP Waste handling systems with Foodwaste conveying and Sludge handling including Advanced wastewater Microwave assisted pyrolysis for recycling and waste incinerators processing
Slide 6: growth continues with improve EBITDA% margin compared 3Q yoy
growth continues with improve EBITDA% margin compared 3Q yoy 88.5 80.1 12.2 10.7 +10.5% yoy 13.8% +14% yoy 13.4% 3Q2018 3Q2019 3Q2018 3Q2019 3Q2018 3Q2019 Revenue EBITDA EBITDA% Numbers in MNOK 6
Slide 7: highest EBITDA% margin YTD 3Q yoy
highest EBITDA% margin YTD 3Q yoy 269.8 226.6 34.8 27.0 +19% yoy 12.9% +29% yoy 11.9% 3Q2018 3Q2019 3Q2018 3Q2019 3Q2018 3Q2019 Revenue EBITDA EBITDA% Numbers in MNOK 7
Slide 8: Rolling 12-months (LTM)
Rolling 12-months (LTM) 372.8 400 160 364.4 345.5 350 329.6 140 296 300 120 12.6 % 12.5 % 250 100 200 11.9 % 12.0 % 80 11.7 % 150 60 45.5 47 39.2 41.3 100 34.6 40 50 20 0 0 LTM 3Q2018 LTM 4Q2018 LTM 1Q2019 LTM 2Q2019 LTM 3Q2019 Revenue EBITDA EBITDA% Numbers in MNOK 8
Slide 9: backlog development with +33% 3Q yoy (included contract awards 22.10.2019)
backlog development with +33% 3Q yoy (included contract awards 22.10.2019) Order Backlog 700 710 Options and Ordered sisterships 656 644 570 513 469 485 360 330 330 207 160 160 130 86 1H2017 2H2017 1H2018 3Q2018 2H2018 1H2019 3Q2019 22.10.2019 Lifecycle Services (Aftersales) not included in Order Ba
Slide 10: acquisition of ETIA
acquisition of ETIA • accelerated access to landbased markets with ETIA as “engine” • ETIA purchase price EV 19.7 MEUR fully financed, SSHIP share settlement for key management • already active within several landbased markets, will leverage growth with Scanship's scalable business model • buying un
Slide 11: waste valorization and decarbonization with ETIA solutions
waste valorization and decarbonization with ETIA solutions 11
Slide 12: addressable markets in ongoing strategic review
addressable markets in ongoing strategic review market size estimation 2030 horizon # of system references 12
Slide 13: cruise and aquaculture markets
1.5 billion cruise and aquaculture markets • cruise industry growth has translated to 120 cruise ships on order, and to maintain historical passenger growth will require additional 100 newbuilds to enter service until 2030 • environmental sustainability scrutiny, increased focus on zero discharge, a
Slide 14: European biogas market
6.5 billion European biogas market • industry growth from current ≈16.000 plants to 24.000+ plants by 2025 with EU 2030/2050 targets • strong drivers for Scanship technology in place with high focus on conversion to biomethane, increasing cost of digestate disposal (5-8% profitability loss) combined
Slide 15: plastic2molecules
plastic2molecules ? • on a 3-year PlasticHyC project in France awarded by CITEO, leader of circular economy in France collecting tax on all plastic packaging (0.35€/kg) • objective in project to demonstrate ultra-high temperature pyrolysis for the exploitation of non- recyclable plastic waste in the
Slide 16: decarbonizing metallurgical industry
50 1) billion decarbonizing metallurgical industry • producing biocoke with Pyrolysis to replace fossil coal as reducing agent in metallurgic applications • ETIA delivered pilot plant to Envigas in 2017, and will be delivering first large-scale plant in 4Q2019 • Envigas to built, own and operate adv
Slide 17: energy storage power2heat
energy storage power2heat ? • large-scale energy storage with purpose of storing energy at production peaks and enable it to be used at a time when the demand is high • Scanship ETIA technology is an integrated part of the SaltX technology • pilot project in Berlin is concluded and the company has s
Slide 18: waste valorization with pyrolysis
waste valorization with pyrolysis ? • applications for production of biogenic materials and fuels • biochar produced with pyrolysis will be carbon capture when used as soil enrichment or soil remediation. It absorbs nutrients and humidity, improves crop yield and reduces the need for artificial fert
Slide 19: plastic2electricity
15 1) billion plastic2electricity • in partnership with Race for Water foundation created in 2010 by Marco Simeoni, dedicated to the preservation of oceans and to fight plastic pollution • full scale ETIA Plastic to Electricity plant owned by R4W installed in Vernon, France • R4W ACT program with am
Slide 20: ≈13 billion Euro of funds could be available for financing CAPEX in the Act program
≈13 billion Euro of funds could be available for financing CAPEX in the Act program 4643 4464 Development program to Combat Marine Litter and Microplastics 30 larges FMG companies 5200 mill $ Clean, healthy and safe 2000 5000 mill $ oceans 1250 Five-year initiative will support the development 1500
Slide 21: Race for Water demonstration plant in France delivered by ETIA
Race for Water demonstration plant in France delivered by ETIA 21
Slide 22: RACE FOR WATER ODYSSEY 2017-2021
RACE FOR WATER ODYSSEY 2017-2021 START Lorient, April 2017 ARRIVAL France, Oct. 2021 4 oct. 2021 nov. 2020 oct. 2020 oct. 2018 sept. 2018 MAY 2017 TOKYO 2020 eee BERMUDA ' gem / STOPOVERS & OLYMPIC GAMES DUBAI ASIA Shanghai 4 Vokushima, Oita, Kure, Okayama, \, Universal Exhibition Hangzhou®; Kobe, O
Slide 23: shareholders
shareholders INVESTORS - TOP 20 LIST INGERØ REITEN INV. COMPANY AS Number of shares 30,220,000 % of total 30.20% Type Comp. Country NOR BADIN INVEST LIMITED (CEO Scanship) 10,500,000 10.50% Comp. NOR DALER INN LIMITED (CDO Scanship ) 10,500,000 10.50% Comp. NOR • management and board represented by
Slide 24: Thank you for the attention !
Thank you for the attention ! www.scanship.no 24