Slide 1: Q1 2018 Presentation
Q1 2018 Presentation April 25, 2018
Slide 2: Our Focus and Offerings
Our Focus and Offerings We develop, sell and deliver innovative technical solutions to create superior value by improving performance and reducing risk. Focus on products and services within: • Fuel and materials testing • Fuel and reactor management software • Life cycle management of nuclear and r
Slide 3: Financial performance
Financial performance January-March January-March Full year 2018 2017 2017 Sales, SEK million 197.4 179.6 704.8 Gross margin,% 32.6 28.5 23.5 Operating Profit, SEK million 22.2 -2.0 -41.6 Operating margin, % 11.2 -1.1 -5.9 Profit after net financial items, SEK million 18.6 -7.1 -58.7 Profit per shar
Slide 4: Analysis of key ratio development Q1
Analysis of key ratio development Q1 • Sales SEK 197.4 (179.6) million – increase with 10 percent • Gross margin 33 (29) percent • Operating result SEK 22.2 (-2.0) million • Restructuring costs SEK 0 (4.2) million • Free cash flow SEK 21.6 (-4.2) million (includes SEK 20 million released from escrow
Slide 5: Key Offerings – Consultancy Services
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Germany K E Y O F F E R I N G S – C O N S U LTA N C Y S E R V I C E S We m a n a g e R a d i o a c t i v e H a z a r d s t o ke e p o u r c u s t o m e r s S a f e Repository Engineering Radioactive Waste Optimizati
Slide 6: Financial performance
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Germany Financial performance January-March January-March Full year 2018 2017 2017 Sales, SEK million 21.2 35.4 134.2 Operating Profit, SEK million 0.0 1.6 11.3 Operating Profit margin, % 0.0 4.5 8.4 Investments, SE
Slide 7: Operational highlights
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Germany Operational highlights • Sales SEK 21.2 (35.4) million • Operating profit SEK 0 (1.6) million • Restructuring costs SEK 0 (0) million • YTD operating profit SEK 0 (1.6) million. • Low demand and utilization
Slide 8: Key Offerings – Fuel & Materials Technology
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Germany K E Y O F F E R I N G S – F U E L & M AT E R I A L S T EC H N O LO GY Fuel & Materials Life Cycle Fuel Qualification Plant Life Hot Cell Management Technologies Final & Interim Transport of Engineering Stora
Slide 9: Financial performance
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Germany Financial performance January-march January-march Full year 2018 2017 2017 Sales, SEK million 66.7 52.5 195.0 Operating Profit, SEK million 10.3 5.8 5.3 Operating Profit margin, % 15.4 11.0 2.7 Investments,
Slide 10: Operational highlights
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Germany Operational highlights • Sales SEK 66.7 (52.5) million • Operating profit SEK 10.3 (5.8) million • Restructuring costs SEK 0 (0.3) million • YTD operating profit SEK 10.3 (5.8) million • Hot cell facility up
Slide 11: Key Offerings – Studsvik Scandpower
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Germany K E Y O F F E R I N G S - S T U D SV I K S C A N D P O W E R Nuclear Analysis Software & Services Fuel Design, Core Design, Core Used Fuel Analysis & Monitoring & Plant Performance Management (Interim and O
Slide 12: Financial Performance
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Germany Financial Performance January- January- Full year March 2018 March 2017 2017 Sales, SEK million 42.8 19.7 81.0 Operating Profit, SEK million 20.7 -3.6 -11.8 Operating Profit margin, % 48.4 -18.3 -14.6 Inves
Slide 13: Operational highlights
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Germany Operational highlights • Sales SEK 42.8 (19.7) million • Operating profit SEK 20.7 (-3.6) million • Restructuring costs SEK 0 (0) million • YTD operating profit SEK 20.7 (-3.6) million • Order signed with T
Slide 14: Key Offerings – Germany Decommissioning and Radiation Safety
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Germany K E Y O F F E R I N G S - G e r m a ny D e c o m m i s s i o n i n g a n d R a d i a t i o n S a fe t y Nuclear Decommissioning Radiation Safety & - Ra d i o l o gi ca l i nve nto ry, Protection ch a ra cte
Slide 15: Financial Performance
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Germany Financial Performance January- January- Full year March 2018 March 2017 2017 Sales, SEK million 63.9 70.5 291.1 Operating Profit, SEK million -4.8 0 -8.4 Operating Profit margin, % -7.5 0 -2.9 Investments,
Slide 16: Operational highlights
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Germany Operational highlights • Sales SEK 63.9 (70.5) million • Operating profit SEK -4.8 (0) million • Restructuring costs SEK 0 (1.4) million • YTD operating profit SEK -4.8 (0) million • Weak start of the year
Slide 17: Challenges & Opportunities Across the Globe
Challenges & Opportunities Across the Globe Mixed picture Europe Growth in Asia and Middle East Cost focus in North America • Profitability issues • New reactors • Profitability issues • Cost reduction initiatives • China, Russia and Korea investing • Nuclear promise – reduce cost 30 % • Germany pha
Slide 18: Nuclear Power Market
Nuclear Power Market • Western Europe, the USA and Japan are facing life extension programs and preparations for decommissioning • Asia, mainly China, are building new nuclear plants • The Middle East, mainly UAE, are in the phase of planning and constructing new nuclear plants • Requirements for na
Slide 19: Other markets
Other markets • Isotopes for medicine purpose, one of the larger producers of isotopes has shut down its reactor. In total there are 2-3 reactors in the world that irradiates isotopes • Oil and mining industry generates naturally occurring radioactive material (NORM)
Slide 20: CEO's statement – Studsvik in balance with the market
CEO’s statement – Studsvik in balance with the market • We are: • A Group with strong business focus and a part of the market change Market • An organization prepared for change challenges and thereby offer flexible services and products • Aware of the risks and uncertain political situations and ac
Slide 21: Appendix
Appendix
Slide 22: Balance sheet
Balance sheet March March December 2018 2017 2017 Assets Non-current assets 466.6 444.8 456.6 Current assets 443.0 449.3 368.3 Total assets 909.6 894.1 824.9 Equity and liabilities Equity 310.0 340.3 288.1 Non-controlling interest 0.3 0.4 0.3 Non-current liabilities 369.0 359.4 364.7 Current liabili
Slide 23: Interim Report First Quarter 2018
2018-04-25 Interim Report First Quarter 2018 23