Slide 1: HAV Group ASA Q3 2021
HAV Group ASA Q3 2021 A sustainable future at sea
Slide 2: Agenda
Agenda • Q3 highlights • HAV Group ASA in brief • Subsidiaries and market opportunity • Financials • Market outlook • Q&A
Slide 3: Q3 highlights
IZAVog (O U ) A Sustainable future at Sea ~, Q3 highlights
Slide 4: Q3 highlights
Q3 highlights Key developments REVENUES EXTERNAL BACKLOG Norwegian Electric Systems NOK 81 million (127) NOK >540 million • Increasing order backlog - System generator for three ferries that will be converted for battery operation and EBIT NUMBER OF SHAREHOLDERS zero emissions, including delivery of
Slide 5: HAV Group ASA in brief
I17AV group A Susta inable future at Sea ~, HAV Group ASA in brief
Slide 6: HAV Group ASA
HAV Group ASA International provider of Vision: A sustainable future at technology and services for sea Established in 2021 maritime industries Comprises four subsidiaries with Special expertise in guiding the several decades of combined marine and maritime industries industry experience towards zer
Slide 7: HAV Group value creation
HAV Group value creation Extracting synergies through Actively taking part in the Stimulating intercompany Pursuing value accretive economies of scale, companies’ strategic business development and growth, organic and through standardization of processes development R&D processes consolidation and s
Slide 8: Provider of ocean technologies with focus on ship design, equipment and system solutions
Provider of ocean technologies with focus on ship design, equipment and system solutions Four subsidiaries with a leading position within its segments A supplier of innovative ship design – HAV Design is a pioneer in the design and construction of zero-emission vessels A supplier of ballast water tr
Slide 9: Experienced management team and Board of Directors
Experienced management team and Board of Directors Executive management Gunnar Larsen Stig Magne Espeseth CEO, HAV Group Managing Director, HAV Design 34 years of industry experience, 13 years with HAV 32 years of industry experience, 16 years with HAV Design Håvard Gjelseth Kristian Osnes Managing
Slide 10: Subsidiaries and market opportunity
Subsidiaries and market opportunity
Slide 11: HAV Design
HAV Design Simulation based ship design Segment information • Through a digital tool-kit, knowledge and innovation HAV Design offer environmentally friendly, safe and functional NOKm Q3 2021 Q3 2020 YTD 2021 YTD 2020 designs • Sold designs for >120 vessels globally Operating income 58.8 70.5 515.8 2
Slide 12: Positioned for further growth
Positioned for further growth 16 14 12 • Developed its unique design philosophy and design 10 process through years of experience, R&D 8 investments and collaboration with leading ship 6 owners 4 2 • Proprietary methods for configuration, simulation 0 and model testing 200720082009201020112012201320
Slide 13: Norwegian Greentech
Norwegian Greentech Clean water experts Segment information • Norwegian Greentech was established in 2010 and designs, delivers, installs and services highly energy-efficient compact NOKm Q3 2021 Q3 2020 YTD 2021 YTD 2020 ballast water treatment systems (BWTS) • The in-house developed BWTS is partic
Slide 14: Water cleaning technology to be applied over a range of industries
Water cleaning technology to be applied over a range of industries High demand for land-based salmon Land-based fish farming expected to grow 10x by 2025 • NGT has supplied water treatment solutions for more than 10 100 000 aquaculture projects 90 000 • Land-based salmon is set for stellar growth 80
Slide 15: Norwegian Electric Systems
Norwegian Electric Systems Green innovation for the oceans Segment information • Norwegian Electric System is a leading supplier of low/zero emission energy, propulsion and control systems for for a wide NOKm Q3 2021 Q3 2020 YTD 2021 YTD 2020 range of vessels • Designing optimal propulsion, energy a
Slide 16: The one stop shop to meet future IMO targets
The one stop shop to meet future IMO targets NES’ fully integrated solutions enabling customers to meet greenhouse gas emission targets Marine System Integration Ship Performance Monitor (SPM) Integration of different energy sources like diesel or gas generator-sets, Highly adaptable monitoring soft
Slide 17: HAV Hydrogen
HAV Hydrogen Enabling maritime zero emission The FreeCO2ast project will HAV hydrogen delivers The approval will be done on a develop a high-capacity The system is designed for high • maritime energy systems for 3.2 MW fuel cell system hydrogen energy system, scalability in both fuel cell size hydro
Slide 18: The world needs significant emission reduction
The world needs significant emission reduction HAV Hydrogen in pole position to take part in upcoming hydrogen projects: • Competence in place • Developed a unique system solution to tackle complex issues • Established partnerships with industry majors • The government aiming to facilitate emission
Slide 19: Financials
I17AV group =F Financials A Sustainable future a it Sea
Slide 20: Key financials (unaudited)
Key financials (unaudited) Comments • Operating income in Q3 is moderate due to NOKm Q3 2021 Q3 2020 YTD 2021 YTD 2020 2020 less trading compared to Q2 2021. • Positive margin development in Q3 Operating income 81 127 692 500 656 EBITDA 14 0 79 55 76 EBIT 11 -4 67 43 49 Net finance 0 35 0 -30 -16 Ne
Slide 21: Q3 2021 balance sheet
Q3 2021 balance sheet Comments NOKm Q3 2021 Q3 2020 NOKm Q2 2021 Q2 2020 • Total Assests and liabilities reduced due to unaudited unaudited unaudited unaudited extensive deliveries/finalization of projects. Assets Equity and liabilities Non-current assets Equity Total intangible assets 86.3 83.1 Tot
Slide 22: Cash flow statement
Cash flow statement Comments NOKm Q3 2021 Q3 2020 • Positive Cash from operations unaudited unaudited • Profit – NOKm 66 Cash flow from operations • Net increase in receivables NOKm 162 Net cash flow from/to operating activities 239.9 -3.6 Cash flow from investments Net cash flow used in investments
Slide 23: External backlog of NOKm 542
External backlog of NOKm 542 Comments • Order back log • Total increased backlog in Q3. • Increase in both NES and NGT 96 297 237 542 104 Internal External HDE NES NGT
Slide 24: Market Outlook
I17AV group Market Outlook =F A Sustainable future a it Sea
Slide 25: Summary, outlook and priorities
Summary, outlook and priorities • The maritime and marine industries are subject to tremendous regulatory, economic and public opinion pressure to reduce the Strong fundamentals for environmental impacts of its operations maritime cleantech • HAV Group is a diversified maritime techology company ren
Slide 26: HAV Group positioned to capture demand growth for innovative solutions for maritime industries
HAV Group positioned to capture demand growth for innovative solutions for maritime industries MARITIME CHARGING INFRASTRUCTURE ZERO EMISSION DIGITALIZATION ELECTRICAL TOOLS PROPULSION SYSTEMS AQUACULTURE WATER HYDROGEN TREATMENT ENERGY SYSTEM SYSTEMS SOLUTIONS* BALLAST WATER ENERGY TREATMENT OPTIMI
Slide 27: Q&A
I1ZAVN grove Q&A A Sustainable future a t Sea