17 slides from Integrated Wind Solutions Asa's earnings presentation, Nov 26, 2024
Slide 1: Q3 2024 Presentation
Q3 2024 Presentation 26 November 2024
Slide 2: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider 1) Clarksons 2 2) 49% ownership
Slide 3: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider Integrated Services Operations & Asset Management 25.38% 74.62% 97%1) 49% 75% 100% 3 1) 97% of share capital; 100% of votes
Slide 4: Q3 2024 | Recent highlights – A record quarter
Q3 2024 | Recent highlights – A record quarter 4
Slide 5: Q3 2024 | Recent highlights (cont.)
Q3 2024 | Recent highlights (cont.) Photo: Tom Collins 5
Slide 6: IWS Fleet | Current charter contracts
IWS Fleet | Current charter contracts Photo: Flying Focus 6
Slide 7: IWS Fleet | Strong revenue backlog to tier 1 clients
IWS Fleet | Strong revenue backlog1 to tier 1 clients 1) As of 30 September 2024. Project startup based on management estimates, gross victualling income of EUR 5,000 per day and zero inflation adjustments. 7 2) Charter contract with Asso.subsea Single Member S.A. terminated in November against a te
Slide 8: IWS Seawalker | In Dutch waters
IWS Seawalker | In Dutch waters Copyright: Flying Focus
Slide 9: IWS Skywalker class | Vessel overview
IWS Skywalker class | Vessel overview 1 2 3 IWS Skywalker IWS Windwalker IWS Seawalker Operating for Operating at Dogger Bank Operating at Dogger Bank Siemens Gamesa 4 5 6 IWS Starwalker IWS Moonwalker IWS Sunwalker Delivered on 21 November Preparing for launch Preparing for launch 9 Source: IWS Fle
Slide 10: IWS Skywalker class | Overview
IWS Skywalker class | Overview 10 1) As of 30 September 2024. Since the end of Q3 an additional 130 charter days for 2024 have been signed.
Slide 11: IWS Fleet | Favourable yard prices → attractive cash flow yields
IWS Fleet | Favourable yard prices → attractive cash flow yields Newbuilding yard prices1 (EUR million) ► Attractive free equity cash flow yields2 ’ improves free cash flow yield in a rising market. ’ six CSOVs ordered at an attractive average fixed yard price of EUR 48m per vessel, which includes a
Slide 12: Key financials | Q3 2024
Key financials | Q3 2024 12 1) Increased ownership in PEAK Wind to 49% as of 18 September 2024
Slide 13: Key financials | Segment reporting Q3 2024
Key financials | Segment reporting Q3 2024 Segment reporting has from Q3 been updated to show inter-segment revenue and expenses 13
Slide 14: Key financials | Q3 2024
Key financials | Q3 2024 Balance sheet (EUR Q2 2024 Q3 2024 Q2 2024 Q3 2024 Vessels 93,803 93,111 Share capital 7,703 7,703 Vessels under construction 36,104 75,162 Share premium reserve 126,809 126,809 Other fixed assets 1,550 1,478 Retained earnings and other equity 10,220 12,181 Intangible assets
Slide 15: Key financials | Segment reporting
Key financials | Segment reporting Segment reporting has from Q3 been updated to show inter-segment revenue and expenses 15
Slide 16: Outlook
Outlook Photo: Tom Collins 16
Slide 17: iws@integratedwind.com integratedwind.com
iws@integratedwind.com integratedwind.com