Slide 1: Year-end 2018 Presentation
Year-end 2018 Presentation February 14, 2019
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: Studsvik 2018 – improved organisation and profit
Studsvik 2018 – improved organisation and profit • Full year results and cash flow well ahead of last year • operating profit SEK 33.5 (-41.6) million • free cash flow SEK 54.2 (-84.2) million • We are a small company selling to large customers on a global market! • Improved management capabilities
Slide 4: Global Nuclear Power Market - Challenging
Global Nuclear Power Market - Challenging • Western Europe, the USA and Japan: • Life extension programs and efficiency efforts instead of new build • Decommissioning market with long lead times • USA will remain as a large market for plants in operation • Russia: • Export of nuclear technology incl
Slide 5: Strategies for growth
Strategies for growth • Further develop existing competencies supporting plants in operation • Software for fuel management, waste strategies, material studies • Broaden our offering for back-end market • Waste treatment technologies, software for fuel repository management • Increase sales to new b
Slide 6: Financial performance
Financial performance October- October- December December Full year Full year 2018 2017 2018 2017 Sales, SEK million 187.6 165.4 726.1 704.8 Gross margin,% 23.6 18.4 27.1 23.5 Operating Profit, SEK million -0.3 -35.7 33.5 -41.6 Operating margin, % -0.2 -21.6 4.6 -5.9 Profit after net financial items
Slide 7: Key ratio development Q4
Key ratio development Q4 Q4 results improved in all areas and significant swing in cash flow was achieved • Sales SEK 187.6 (165.4) million • Gross margin 23.6 (18.4) per cent • Operating profit SEK -0.3 (-35.7) million • Restructuring costs SEK 3.6 (14.9) million • Free cash flow SEK 29.4(-30.6) mi
Slide 8: Key Offerings – Consultancy Services
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 Optimization – Wa ste M gmt P ro ce sse s Management - S afet y A n a l ysi s, L i ce n si n g a n d P
Slide 9: Financial performance – Consultancy Services
Financial performance – Consultancy Services October- October- December December Full year Full year 2018 2017 2018 2017 Sales, SEK million 18.9 21.5 78.3 123.0 Operating Profit, SEK million -3.1 -4.5 -10.7 11.3 Operating Profit margin, % -16.4 -20.9 -13.7 9.2 Investments, SEK million 0.4 1.5 2.4 2.
Slide 10: Operational highlights – Consultancy Services
Operational highlights – Consultancy Services Weak results • Sales SEK 18.9 (21.5) million • Operating profit SEK -3.1 (-4.5) million • Restructuring costs SEK 0,0 (1,4) million • Comparable operating profit -3.1 (-3.1) • YTD operating profit SEK –10.7 (11.3) million • No license sales in 2018 while
Slide 11: Key Offerings – Fuel & Materials Technology
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 Fu e l & M a te r i a l s L i fe C y c l e Fuel Qualification Plant Life Hot Cell Management Technologies Final & Interim Transport of Engineering Storage Research Irradiated Materials 2019-02-14 Year-end Report 2018
Slide 12: Financial performance – Fuel- & Materials Technology
Financial performance – Fuel- & Materials Technology October- October- December December Full year Full year 2018 2017 2018 2017 Sales, SEK million 64.4 54.4 224.3 195.0 Operating Profit, SEK million 11.7 -1.7 30.1 5.3 Operating Profit margin, % 18.2 -3.1 13.4 2.7 Investments, SEK million 7.5 2.9 23
Slide 13: Operational highlights – Fuel & Materials Technology
Operational highlights – Fuel & Materials Technology Strong Q4 with high utilization and improved efficiency • Sales SEK 64.4 (54.4) million • Operating profit SEK 11.7 (-1.7) million. • YTD operating profit SEK 30.1 (5.3) million • Part of Hot cell facility being rebuilt to accommodate production l
Slide 14: Key Offerings - Scandpower Nuclear Analysis Software & Services
KEY OFFERINGS - SCANDPOWER Nuclear Analysis Software & Services Fuel Design, Core Design, Core Used Fuel Analysis & Monitoring & Plant Performance Management (Interim and Optimization Permanent Storage) New and Advanced Operator Training Consulting, Reactor Design & Simulation Engineering Services L
Slide 15: Financial Performance – Scandpower
Financial Performance – Scandpower October- October- December December Full year Full year 2018 2017 2018 2017 Sales, SEK million 39.4 24.6 137.2 81.0 Operating Profit, SEK million 5.9 -2.0 26.8 -11.8 Operating Profit margin, % 15.0 -8.1 19.5 -14.6 Investments, SEK million 0.0 0.5 0.5 0.7 Average nu
Slide 16: Operational highlights – Scandpower
Operational highlights – Scandpower Recovery in US and Europe home market sales • Sales SEK 39.4 (24.6) million • Operating profit SEK 5.9 (-2.0) million • YTD operating profit SEK 26.8 (-11.8) million • Good performance in software sales, maintenance and related services • Delivery of SEK 38 millio
Slide 17: Key Offerings - Germany Decommissioning and Radiation Safety
KEY OFFERINGS - GERMANY 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 ri zati o n & cl e a ra n ce 2019-02-14 Year-end Report 2018
Slide 18: Financial Performance - Germany
Financial Performance - Germany October- October- December December Full year Full year 2018 2017 2018 2017 Sales, SEK million 65.9 64.5 285.4 291.1 Operating Profit, SEK million -6.8 -8.8 -9.3 -8.4 Operating Profit margin, % -10.3 -13.6 -3.3 -2.9 Investments, SEK million 0.2 0.8 0.3 1.4 Average num
Slide 19: Operational highlights - Germany
Operational highlights - Germany Challenging turn in Q4 market demand, organisation restructured • Sales SEK 65.9 (64.5) million • Operating profit SEK -6.8 (-8.8) million • Restructuring costs SEK 2.9 (0.0) million • YTD operating profit SEK -9.3 (-8.4) million • Q4 results not satisfactorily but i
Slide 20: Year-end Report 2018
2019-02-14 Year-end Report 2018
Slide 21: Balance sheet
Balance sheet December 2018 December 2017 Assets Non-current assets 483.5 456.6 Current assets 417.1 368.3 Total assets 900.6 824.9 Equity and liabilities Equity 315.8 288.1 Non-controlling interest 0.4 0.3 Non-current liabilities 166.6 364.7 Current liabilities 417.8 171.8 Total equity and liabilit