Kongsberg Gruppen Asa · OSL:KOG

Kongsberg Gruppen Asa — Investor Day (2017)

41 slides from Kongsberg Gruppen Asa's investor day presentation, 2017

Slide 2: Agenda
AGENDA 10:30 10:40 11:45 12:30 WELCOME KONGSBERG GRUPPEN LUNCH KONGSBERG DEFENCE & AEROSPACE JAN ERIK HOFF, GEIR HÅØY, President & CEO VP IR EIRIK LIE, HARALD AARØ, EVP Business Development President Kongsberg Defence and Strategy and acting CFO & Aerospace 13:00 13:20 13:40 14:10 14:30 PATRIA KONGS
Slide 3: Disclaimer
DISCLAIMER This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking in
Slide 6: Agenda
AGENDA • NEW CFO GYRID SKALLEBERG INGERØ • THIS IS KONGSBERG • DEVELOPMENT SINCE LAST CMD • INNOVATION – A SUSTAINABLE FUTURE • FINANCIAL SUBJECTS • STRATEGIC DIRECTION • AMBITIONS © 2017 KONGSBERG – All rights reserved.
Slide 7: New CFO | Gyrid Skalleberg Ingerø
NEW CFO | GYRID SKALLEBERG INGERØ WORK • CFO, Telenor Digital Businesses • CFO, Telenor Norway • CFO and head of investor relations, Komplett ASA • Auditor at Nordea and KPMG • Extensive board experience since 2000 in Finance, Telecom, Property, Shared Service and Retail. BOARD MEMBERSHIPS TODAY • S
Slide 9: Providing advanced solutions for extreme performance under extreme conditions
PROVIDING ADVANCED SOLUTIONS FOR EXTREME PERFORMANCE UNDER EXTREME CONDITIONS © 2017 KONGSBERG – All rights reserved.
Slide 13: Important milestones Maritime
IMPORTANT MILESTONES MARITIME Major restructuring – organization Full Triangle-solution to Expanded scope through aligned – will turn profitability German research vessel integrated concepts World’s first commercial autonomous Concessions for the the world’s Submarine launched AUV vessel sets sail i
Slide 14: Important milestones Defence
IMPORTANT MILESTONES DEFENCE Partnership with tkMS to provide NSM selected as standard JSM partner and down selected Submarine Combat System missile for German Navy as Air Defence provider in Australia Norway to acquire Helicopter maintenance, repair and Continued success within Ground Mobile Air De
Slide 15: Important milestones Digital
IMPORTANT MILESTONES DIGITAL Launch of digital platform Kognifai Strategic partnership with Simwave – one of KONGSBERG’s largest simulator deliveries ever Strategic alliance with eSmart Systems Kognifai selected for test and verification at Lista wind farm © 2017 KONGSBERG – All rights reserved.
Slide 16: Adapting, delivering and positioning
ADAPTING, DELIVERING AND POSITIONING KONGSBERG DEFENCE KONGSBERG MARITIME KONGSBERG DIGITAL & AEROSPACE Deliver operational excellence Very strong positions within Well positioned to become a key core product areas player in digital transformation Focus on growing segments across our industries Incr
Slide 18: Technology is the enabler to solve many of today's challenges
TRANSPORT CLIMATE CHANGES TECHNOLOGY IS THE ENABLER TO SOLVE MANY OF TODAY’S CHALLENGES FOOD AND BIO- ENERGY RESOURCES DEFENCE AND SECURITY © 2017 KONGSBERG – All rights reserved.
Slide 19: World leading high-tech company
WORLD LEADING HIGH-TECH COMPANY - we create value through innovation, operational excellence and sustainability • Strong focus on being an innovative frontrunner • We aim for #1 positions • Our solutions enable more efficient, safer and sustainable operations © 2017 KONGSBERG – All rights reserved.
Slide 26: Focus to return to profitable growth
FOCUS TO RETURN TO PROFITABLE GROWTH • Norm above 10% • CAGR -7,1% last 2 years • Growth prospects are good © 2017 KONGSBERG – All rights reserved. WORLD CLASS - through people, technology and dedication. Page 26
Slide 27: Profitability at a turning point
PROFITABILITY AT A TURNING POINT After multiple efficiency programs WEAKENED PROFITABILITY AT THE TURNING POINT DUE TO IMPROVED EFFICIENCY • Cost reduction and restructuring programs in KM o FTE reduction by > 1 000 since 2015 EBITDA ex. special items EBITDA o MNOK ~500 full-year cost base reduction
Slide 29: Enhanced focus on reducing working capital
ENHANCED FOCUS ON REDUCING WORKING CAPITAL Working capital excl. currency rollover effects Group 1 800 KM KDS KPS 1 600 2 500 1 400 2 000 1 500 1 200 1 000 1 000 500 800 0 600 -500 -1 000 400 -1 500 200 -2 000 0 -2 500 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q1-15 Q2-15 Q3-
Slide 30: Return on capital employed has bottomed out
RETURN ON CAPITAL EMPLOYED HAS BOTTOMED OUT EBIT ex. special items EBIT 500 400 300 200 100 - Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 - 100 - 200 Capital Employed* 10 000 9 000 8 000 7 000 6 000 MNOK *Equity ex. hedge effects + net interest bearing debt 5 000 ** EBIT ex. sp
Slide 31: Working capital key to operational cash flow
WORKING CAPITAL KEY TO OPERATIONAL CASH FLOW *Line represents total cash flow. Columns exclude acquisitions and loan movements for better readability. © 2017 KONGSBERG – All rights reserved.
Slide 34: Group strategic priorities
GROUP STRATEGIC PRIORITIES Adapting to changing markets while pursuing significant opportunities DEFENCE TECHNOLOGY MARITIME Increase market OPPORTUNITIES Expand scope from our leading positions penetration with a Drive our competitive modern product technology base portfolio for new positions © 201
Slide 35: Expanding scope and taking new positions in the maritime transformation
EXPANDING SCOPE AND TAKING NEW POSITIONS IN THE MARITIME TRANSFORMATION INTEGRATED SOLUTIONS DIGITALIZATION REMOTE SERVICES AUTONOMY © 2017 KONGSBERG – All rights reserved.
Slide 36: Increase market penetration with a modern product portfolio
INCREASE MARKET PENETRATION WITH A MODERN PRODUCT PORTFOLIO Leading position in Northern Europe N-Europe campaigns Home Market – Strengthened Nordic Defence International Partnership Competitive Power Strong US alliances US & International campaigns © 2017 KONGSBERG – All rights reserved.
Slide 37: Technology opportunities
TECHNOLOGY OPPORTUNITIES Condition Monitoring Autonomous Platform as a & Asset Lifecycle Underwater Service (PaaS) Optimization Vehicles Advanced Analytics Remote Digital Twins & Cyber Security Tower © 2017 KONGSBERG – All rights reserved.
Slide 40: Ambitions 2016-2020
AMBITIONS 2016-2020 10 % AVERAGE ANNUAL ONGOING CONSOLIDATION PHASE – MAJORITY OF REVENUES GROWTH ORGANIC GROWTH IN LATTER HALF OF PERIOD • Solid positions 10 % average Combination of organic • Several growth opportunities growth over the and acquired • Uncertainty related to timing period INCREASED

Kongsberg Gruppen — Investor Day (2017) on 6ix

Kongsberg Gruppen Asa — Investor Day (2017)

Slide 1: © 2017 KONGSBERG – All rights reserved.

Slide 2: Agenda

Slide 3: Disclaimer

Slide 4: © 2017 KONGSBERG – All rights reserved.

Slide 5: Kongsberg

Slide 6: Agenda

Slide 7: New CFO | Gyrid Skalleberg Ingerø

Slide 8: This is Kongsberg

Slide 9: Providing advanced solutions for extreme performance under extreme conditions

Slide 10: Involved in strategic areas of national interest

Slide 11: Rapidly adapting to changes and opportunities

Slide 12: Eventful last twelve months

Slide 13: Important milestones Maritime

Slide 14: Important milestones Defence

Slide 15: Important milestones Digital

Slide 16: Adapting, delivering and positioning

Slide 17: Innovation a sustainable future

Slide 18: Technology is the enabler to solve many of today's challenges

Slide 19: World leading high-tech company

Slide 20: Developing technology for next generation fishery and subsea operations

Slide 21: Securing national sovereignity

Slide 22: Increasing safety and efficiency for maritime and energy operations

Slide 23: Responsible business conduct

Slide 24: People & mindset makes the difference

Slide 25: Financial subjects

Slide 26: Focus to return to profitable growth

Slide 27: Profitability at a turning point

Slide 28: Operating at a higher capital employed level

Slide 29: Enhanced focus on reducing working capital

Slide 30: Return on capital employed has bottomed out

Slide 31: Working capital key to operational cash flow

Slide 32: Strategic direction

Slide 33: We deliver world #1 products

Slide 34: Group strategic priorities

Slide 35: Expanding scope and taking new positions in the maritime transformation

Slide 36: Increase market penetration with a modern product portfolio

Slide 37: Technology opportunities

Slide 38: Focus and ambitions forward

Slide 39: Focus forward

Slide 40: Ambitions 2016-2020

Slide 41: World class