Scana Asa · OSL:SCANA

Scana Asa — Q1 2022 Earnings Presentation

23 slides from Scana Asa's earnings presentation, May 13, 2022

  1. Slide 1: First quarter 2022 – result presentation

    First quarter 2022 – result presentation CEO Styrk Bekkenes CFO Torvald Ulland Reiestad 13 May 2022 | Bergen, Norway

  2. Slide 2: Agenda

    AGENDA  Q1 highlights and key figures  Updated strategy, including 2025 growth ambitions  Business areas and market drivers  Financials  Key takeaways

  3. Slide 3: Scana transitioned to fast growth in ocean industries

    Scana transitioned to fast growth in ocean industries Ambition to reach NOK 1.7 billion in revenues in 2025  A new driving force for the green shift in the ocean industries  Well-positioned towards two major trends:  electrification  emission reducing solutions

  4. Slide 4: Revenues and EBITDA more than doubled

    Revenues and EBITDA more than doubled Revenues up 126% to NOK 208 mill EBITDA up 140% to NOK 16 mill 16 200 14 12 + 126% + 140% 150 10 8 100 6 4 50 2 7 8 3 -2 16 92 90 61 62 208 0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 -2 4

  5. Slide 5: Record high order backlog and intake

    Record high order backlog and intake Order backlog: +119% to NOK 399 mill Order intake: +327% to NOK 248 mill 400 250 350 200 300 + 119% + 327% 250 150 200 100 150 100 50 50 182 126 98 78 399 58 33 33 43 248 0 0 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 5

  6. Slide 6: Our strategy: an active owner in the ocean industries

    OUR STRATEGY: AN ACTIVE OWNER IN THE OCEAN INDUSTRIES Positioned for the Long industrial history Strong profitable low-emission society and competence growth

  7. Slide 7: M&A: What we are looking for?

    M&A: What we are looking for? Companies with a Value proposition Profitable Potential for Holds an already clear foothold in promoting companies with a synergies with established and the ocean sustainability capital-light Scana companies strong market industries business model or with a strong posit

  8. Slide 8: Major waves of change driving the market

    Major waves of change driving the market offshore offshore maintenance energy lag sustainable electrification solutions 8

  9. Slide 9: Ambition of yearly growth ~15% towards 2025 with transition towards Energy & Maritime

    Ambition of yearly growth ~15% towards 2025 with transition towards Energy & Maritime  Ambition of double digits annual organic growth towards 2025 1.7x  Strong position in Energy expected to drive transition in revenue mix going forward  2025 ambition of double digits <40% 1.7 EBITDA margin Offs

  10. Slide 10: Our business areas and portfolio companies

    Our business areas and portfolio companies ~50%* ~30%* ~20%* *share of 2021 turnover proforma 10

  11. Slide 11: Business areas and market drivers

    Business areas and market drivers

  12. Slide 12: Offshore

    Offshore Products, services and life-time extensions to critical equipment for offshore industries.  Revenues more than doubled from last year  Positioned for growth through state-of-the-art facilities  With continuous high energy prices and seasonal uptick in activity, we expect to mark a shift

  13. Slide 13: Offshore: Well-positioned for strong offshore project pipeline

    Offshore: Well-positioned for strong offshore project pipeline through unique infrastructure and carbon reducing solutions Key growth drivers Maintenance & modification spending on NCS climbing back to levels not seen since 2014 Rising demand for service and products with low carbon footprint 2021 2

  14. Slide 14: Energy

    Energy From shoreline to seabed, we power the ocean industry with sustainable energy solutions.  Highlights the strong momentum within the electricity megatrend  Strong order backlog and strategic wins in the quarter  Announced shore power for harbours contracts: Havnekraft and arctic cruise vess

  15. Slide 15: Energy: Complete solutions for electrification in fast-growing markets

    Energy: Complete solutions for electrification in fast-growing markets with powerful underlying drivers Key growth drivers Leading position in growing Large opportunity in untapped Norwegian market European market ~40% market share ~10% shore power adoption1) Strong regulations & stakeholder push Ma

  16. Slide 16: Maritime

    Maritime Valve control systems and mooring solutions to vessels, rigs, and floating structures.  Strong order intake in Q1 2022  Wärtsilä Gas Solutions,  Nordlaks, Sea farming  FPSO mooring in Brazil  The results reflect that many major projects were delivered last year 39 NOK million Q1 22 Q1

  17. Slide 17: Maritime: Niche leader with strong track record in growing market segments

    Maritime: Niche leader with strong track record in growing market segments  A leading provider of innovative Solid pipeline for Scana target vessel segments1) mooring solutions and valve remote control systems for vessels, rigs and 2021 2025 floating structures  Since 2015 diversifying into offsho

  18. Slide 18: Financials

    * Scana Powering the ocean industries Financials

  19. Slide 19: Tailwind from market trends and new companies

    Tailwind from market trends and new companies  Increase in revenues driven EBITDA margin and revenues Q2 2022 vs Q2 2021 by strong momentum 230 0 Revenues 8.8 % within electrification and 7.8 % +126% 0 7.4 % 18 0 0 newly acquired companies 130 5.0 % 0 208 0  Offshore and Energy 80 208 0 92 90 61 6

  20. Slide 20: Robust liquidity position

    Robust liquidity position  Liquidity reserve at end of March of 1 200 Funding, 31 March 2022 NOK 156 million NOK mill 1,048 1,048  Long term leases of strategi premises 1 000 Other financial assets: 66 at Mongstad and Ågotnes increased Net working capital: 82 Net interest bearing debt: 179 balance

  21. Slide 21: Energy driving the order backlog

    Total order backlog +119% to Energy driving the order backlog NOK 399 mill. Offshore order backlog Energy order backlog Maritime order backlog % total % total % total 25 % 47 % 28 % Offshore NOK mill Energy NOK mill Maritime NOK mill Order Backlog Order Intake Order Backlog Order Intake Order Backlo

  22. Slide 22: Key takeaways

    Key takeaways  Positioned as a major player for decarbonisation and the green shift in the ocean industries  Two main trends: electrification and emission reduction solutions  Targets average annual growth of ~15% towards 2025  Strong underlying markets 22

  23. Slide 23: Thank you

    If you have any questions, please send them to ir@scana.no Thank you Scana ASA | Wernersholmvegen 49 | NO-5232 Paradis, Norway | E post@scana.no scana.no

Scana — Q1 2022 Earnings Presentation on 6ix