Slide 1: Year-end report 2024
Year-end report 2024 Per Norén CEO, Ovzon Viktor Bremer Interim CFO, Ovzon
Slide 2: Ovzon at a glance
Ovzon at glance FACTS MISSION FINANCIALS • Founded in Sweden 2006 Connecting REVENUE PER QUARTER, MSEK • Listed on Nasdaq, Stockholm, 120 107 Sweden • Main operations in Sweden and the world’s 100 80 95 critical missions 65 67 USA with international 60 customers and partners via satellite 40 • Offer
Slide 3: The accelerating urgency and demand for satellite communications
The accelerating urgency and demand for satellite communications GEOPOLITICAL TENSION CYBER SECURITY DIGITALIZATION CLIMATE CHANGE 6G Ovzon / Year-end report 2024 2025-02-21 3
Slide 4: Ovzon value proposition
Ovzon value proposition proposition Integrated SATCOM Ovzon provides solutions unique for critical SATCOM missions solutions with market leading performance, mobility and resiliency. We enable critical missions for defense, national security and public safety customers. SPACE SEGMENT MOBILE SATELLIT
Slide 5: Our unique SATCOM solutions
Our unique SATCOM solutions Mission critical Critical communication – requirements GEO – Ovzon for reliability and resiliency drive value per unit Mass market services for both consumers and enterprise/government users – price sensitive LEO – Starlink, OneWeb, etc Different services (positioning ser
Slide 6: One year with Ovzon 3
One year with Ovzon 3 • January 3, 2024: Launch of Ovzon 3 • July 5, 2024: Start of commercial service • July 2024: First use-case with GIGN for the Summer Olympics in Paris • August 13, 2024: First Ovzon 3 order from the U.S. DOD FACTS • November 2024: Increased estimated lifespan from 15 to • Purp
Slide 7: Q4 accomplishments
Q4 accomplishments Strong finish to 2024 – order book at all-time-high and solid cash flow During the quarter • Expanded order from Swedish Space Corporation. The new total order value of 132 MSEK was paid in 2024 • Revolutionizing demonstration of long-distance remote control of an unmanned ground
Slide 8: Ovzon's largest order to date
Ovzon’s largest order to date • 12-month contract of 185 MSEK (17 MUSD) from Swedish Space Corporation (SSC) • Includes an integrated SATCOM solution based on Ovzon 3, including mobile satellite terminals and satellite services • Services starting in Q1 2025 • Full payment in January 2025 • Strategi
Slide 9: Revolutionizing demonstration of long-distance remote control of unmanned ground vehicle (UGV)
Revolutionizing demonstration of long-distance remote control of unmanned ground vehicle (UGV) • In collaboration with Swedish FMV • Demonstration remote control of an unmanned ground vehicle • 950 km remote control – challenging task • Made possible by Ovzon solution, including Ovzon 3 and mobile s
Slide 10: All-time-high order intake and order book
All-time-high order intake and order book ORDER INTAKE (MUSD) ORDER BOOK (MUSD) 20,0 19,0 60 17,6 17,8 31,3 18,0 50 16,0 14,0 47 48,8 40 22,0 12,0 11,1 19,1 10,0 35 30 8,0 30 14,2 13,2 20 6,0 24 4,0 10 2,0 0,9 0,0 0 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 QTD R12 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 • Order intake i
Slide 11: Revenue – strongest quarter ever
Revenue – strongest quarter ever REVENUE (MSEK) RUN RATE REVENUE (MSEK)* OVZON SATCOM SERVICES 107 99 101 322 95 330 307 100 91 78 78 280 252 259 255 247 73 73 233 230 75 69 67 216 217 223 65 230 57 180 50 145 130 25 80 30 0 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4
Slide 12: Continued increase in EBITDA – break-even in 2024
Continued increase in EBITDA – break-even in 2024 EBITDA AND EBITDA MARGIN (MSEK) EBIT AND EBIT MARGIN (MSEK) Q4 21Q1 22Q2 22Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23Q1 24Q2 24Q3 24Q4 24 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20 17 20% 21 22 22 22 22 23 23 23 23 24 24 24 24 12 0 10 10% 0% -10 0 -10% -20% -20 -
Slide 13: Strong operating cash flow
Strong operating cash flow CASH FLOW FROM OPERATIONS (MSEK) CASH FLOW FROM INVESTMENTS (MSEK) NET DEBT (MSEK) 80 60 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 700 636 649 60,0 22 22 22 22 23 23 23 23 24 24 24 24 60 40 600 561 20 - 520 20 40 - 100 500 433 410 - -30 20 10 379 6 - 20 - 200 400 1 0 - 40 -80 30
Slide 14: Remaining investment in the Ovzon 3 program
Remaining investment in the Ovzon 3 program MSEK Comments 70 Estimated investment* 2025: 50 MSEK 60 50 50 Contractual investment* 2025-2033: 60 MSEK Excluding Interest, see note 10 in quarterly report 40 30 20 11 11 11 11 11 10 5 0 0 0 *Amounts are subject to variations in currency rates 2025 2026 2
Slide 15: Improved momentum in revenue and EBITDA growth
Improved momentum in revenue and EBITDA growth ORDER INTAKE (MSEK) REVENUE (MSEK) 250 600 120 107 340 209 95 330 100 91 200 186 179 500 320 400 80 67 65 310 150 118 60 300 300 100 290 200 40 280 50 100 20 10 270 - - 0 260 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 QTD R12 QTD R12 EB
Slide 16: Going forward
Going forward DELIVER FINANCIAL PERFORMANCE • Increase order intake • Revenue growth • Improve EBITDA • Positive cash-flow ENSURE COMMERCIAL SUCCESS • Make every customer a reference • Fully utilize Ovzon 3 • Focus on core market segments • Focus on relevant geographies ACTIVELY SCALE UP • Customers
Slide 17: Thank you!
Thank you!