Aker Solutions ASA · OSL:AKSO
Aker Solutions ASA — DNB Energy & Shipping Conference 2022
10 slides from Aker Solutions ASA's conference presentation, Mar 8, 2022
Slide 1: Solving Global Energy Challenges for Future Generations
Aker Solutions Solving Global Energy Challenges for Future Generations Oslo, March 8, 2022 Idar Eikrem, CFO #PowerTheChange 2022 © Aker Solutions
Slide 2: 2021 – Solid Financial and Operational Performance
2021 – Solid Financial and Operational Performance Revenue Excluding special items EBITDA Excluding special items 29 NOK BILLION 1.9 NOK MILLION Financials ■ Delivered on 2021 financial targets 50 4 38 ■ Dividend of NOK 0.20 per share proposed for 2021 40 2.8 3 29 29 ■ Solid Subsea EBITDA-margins at
Slide 3: Solid Financial Position
Solid Financial Position ■ Net cash position2 of NOK 2.2 billion Debt Maturity Profile2 NOK billion Undrawn revolving credit facility ■ Available liquidity of NOK 9.6 billion 6 Drawn debt 5.0 ■ Cash NOK 4.6 billion and RCF NOK 5.0 billion 4 ■ Working capital1 at minus NOK 1,784 million ■ Improvement
Slide 4: Solid Order Backlog and Visibility
Solid Order Backlog and Visibility Order Backlog by Execution Year NOK billion Renewables and Energy Transition1 NOK billion, % 28.7 30 Share of Order Backlog 25 4Q 2019 4Q 2020 4Q 2021 10.0 20 15 9.8 11.5 10 4.6 7% 11% 32% 5.5 5 2.6 3.5 9.0 1.9 4.4 1.2 1.3 2.5 0.6 0 1.6 2022 2023 2024 2025 --> Subs
Slide 5: Transition Journey Well Underway
Transition Journey Well Underway Hywind Tampen Northern Lights Norcem CCS Sunrise Wind Offshore Wind Offshore floating wind Storage of captured CO2 Carbon Capture facility (HVDC platform) Photo: Equinor Photo: Aker Carbon Capture Our solutions reduce CO2 emissions equivalent to 800,000 fossil-fuel c
Slide 6: NOK 81 Billion of Tendering
Significant Activity Growth Expected on the NCS, NCS development capex by approval year USD billion 30 Sactioned (USD billion) Rystad estimate (USD billion) 29 37 NOK BILLION 25 20 16 15 15 13 12 10 17 10 7 7 7 NOK 5 5 4 3 BILLION 0 0 0 2022e 2023e 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2
Slide 7: Our Transition Journey and Targets
Our Transition Journey and Targets +10% Annual Revenue Growth1 NOK 1 billion+ Annual Free Cashflow2 Renewables & Energy Transition share3 Target Renewables & Energy Transition3 ~45 6+ bn 1/3 of revenues by 2025 Nordsee Ost 38 settlement 1Q 2021 ▪ >35 ▪ 2/3 of revenues by 2030 1/3 Actual (excl. Nords
Slide 8: Outlook
Outlook ■ Well positioned in key growth markets ● Capitalize on near-term cyclical recovery ● Well positioned to capitalize on longer-term structural changes in the energy markets ■ NOK 81 billion of tendering and high ongoing FEED activity ● Supporting the potential for record-high order intake in
Slide 9: Thank You!
Thank You! 2022 © Aker Solutions
Slide 10: Copyright and Disclaimer
Copyright and Disclaimer Copyright Copyright of all published material including photographs, drawings and images in this document remains vested in Aker Solutions and third party contributors as appropriate. Accordingly, neither the whole nor any part of this document shall be reproduced in any for
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