Goodtech Asa Class A · OSL:GOD
Goodtech Asa Class A — Q4 2021 Earnings Presentation
14 slides from Goodtech Asa Class A's earnings presentation, 2022
Slide 1: Q4 2021 Presentation
Q4 2021 Presentation Goodtech ASA Margrethe Hauge CEO Øyvind Osjord CFO
Slide 2: Q4 2021 key highlights
1 -1.4 MNOK EBITDA impacted by the ongoing investments and one-offs (extraordinary Q4 EBITDA provisions for losses on accounts receivables, restructuring and re- organization costs and advisory costs Avanti Engineering) 2 196 MNOK Order intake Experiencing increasing demand within our core business,
Slide 3: Segment update
Segment update Significant investment in digitalization experienced. Innovation labs in Karlstad and Oslo established. Cyber security personnel hired Satisfactory enquiry level in the market, but delay in capital investments. Several pilot projects. Expecting growth in order reserve Digitalization A
Slide 4: Major contract wins in the quarter
Major contract wins in the quarter Goodtech electrifies ferry exchange HVDC Expansion project Between Drag-Kjøpsvik and Bogenes-Skarberget Collaboration with MSH for Nexans Norway Contract size: 20 MNOK Contract size: 27 MNOK Customer: Customer: Large footprint reduction Smart factory Goodtech value
Slide 5: Order book development
Order book development* Åland Norway Sweden Sweden MNOK • Karlstad especially experienced decreasing order book during Q4, caused by delayed key tendering processes and key customers considering COVID-effects before year-end Growth: +27,3% 296 • Major increase in opportunities and submitted tenders
Slide 6: Financial highlights Q4 2021
Financial highlights Q4 2021 Revenue | MNOK* EBITDA | MNOK* • Volume growth in core business 137,4 138,9 139,2 109,6 149,1 7,5 5,3 3,1 • One-off effects impacting 0,1 result negatively Q4 Q1 Q2 Q3 -1,4 Q4 Q4 Q1 Q2 Q3 Q4 2020 2021 2020 2021 • Significant investment in digitalization • Growing order b
Slide 7: Financial highlights FY 2021
Financial highlights FY 2021 Revenue | MNOK* EBITDA | MNOK* • 2021 represents an investment-year – primarily +21% in restructuring, 515,9 536,8 digitalization, and merger 443,6 449,5 with Avanti Engineering AS 5,2% 5,0% • Development costs 4,2% 25,9 23,4 1,3% capitalized; Wizx, 18,7 Digitalization p
Slide 8: LTM Rolling Revenue and EBITDA
LTM Rolling Revenue* MNOK Growth: +4,1% 516 537 534 525 537 • The industry is investing in efficiencies, market 474 483 496 451 activity level is high • Positive revenue development likely to continue, increase in construction projects expected • Solid project execution in the quarter • Improved ord
Slide 9: Group Balance Sheet
Total Assets* Group Balance Sheet MNOK MNOK 505 517 452 445 111 129 101 • Strong cash position at end of quarter – high cash from 161 108 89 Current assets operations from changes in Net Working Capital (NWC) 65 Cash and cash equivalents in Q4 2021 60 Non current assets • Asset-base grown from 452 M
Slide 10: Leading Technology Partner
Leading Technology Partner Well positioned Addressing a large market Independent one-stop shop Operational excellence
Slide 11: A trusted digitalization partner from project generation to aftermarket services
A trusted digitalization partner from project generation to aftermarket services Goodtech / Goodtech Partners Overall project management Aftermarket Idea generation Engineering Equipment Installation Commissioning Service / upgrades Cyber security Goodtech Digital solutions • Identify and fulfil cus
Slide 12: Strategic Platform
Strategic Platform • Strategic repositioning • Sustainable growth supported by exciting market outlook Digitalization Automation • Innovation, creativity and Robotization Environmental systems cyber security • Efficiency in projects, deliveries and our own organization
Slide 13: Industry 4.0
Robots Cybersecurity IOT Industry 4.0 3D Simulation Infrastructure Intelligent communication automation
Slide 14: Outlook
Goodtech is well positioned within our core markets; environment, aquaculture, metal, oil & gas, processing and food industry Automation and digitalization will be key to increase our customers competitiveness Outlook Upcoming periods Favorable market conditions with growing demand for digitization