Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Investor Day (November 2014)
27 slides from Kongsberg Gruppen Asa's investor day presentation, Nov 4, 2014
Slide 1: Kongsberg Maritime Capital Markets Day
CAPITAL MARKETS, DAY... _
Slide 2: An ocean of opportunities
An ocean of opportunities © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - through people, technology and dedication Page 2
Slide 3: A solid platform for further growth
• Offshore – Merchant – Subsea – Emerging Business • 63 offices in 21 countries • 4 500 employees (approx.) • LTM Revenues MNOK 9 358 • Installed base more than 16,500 vessels • Dynamic positioning, navigation, automation, simulation, Subsea and seismic instrumentation and fisheries A solid platform
Slide 4: Kongsberg Maritime: Offshore and Merchant Marine
Kongsberg Maritime Offshore Merchant Marine Main offerings Main offerings • Integrated and scalable fit for purpose - dynamic positioning, • Scaleable tailored to operational needs - automation & control, automation & control, safety, energy management, navigation safety, energy management, navigati
Slide 5: Kongsberg Maritime: Subsea and Emerging businesses
Kongsberg Maritime Subsea Emerging businesses Main offerings Main offerings • Underwater navigation systems, underwater vehicles, • Satellite positioning, seismic streamer instrumentation and underwater mapping and imaging systems, subsea monitoring handling, and customised training simulators solut
Slide 6: Installed base securing recurring business for years
Installed base securing recurring business for years Sales Installed base = 1 Life cycle value = 3 Life cycle support Value of business No. of installations © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - through people, technology and dedication Page 6
Slide 7: Holistic approach
Holistic approach A differentiator to our customers Strategy • Providing value added applications improving operations • Bundling products and services – a holistic approach • Locations close to all major hubs Resulting in • Increased efficiency and secured operations for our customers • Close custo
Slide 8: The Octopus business model gives added value to our clients
The Octopus business model gives added value to our clients Integrated solutions Market success for extended scope of work in general and especially for the OPU and FPSO market segments The Full Picture Carpus – DP Torp, Sandefjord - Automation Singapore EIT Engineering - Navigation Shanghai - Safet
Slide 9: Our presence provides proximity to customers
Our presence provides proximity to customers 2,100 2,100 Kongsberg Maritime Offices O&G activities SOURCE: Kongsberg & IHS data © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - through people, technology and dedication Page 9
Slide 10: Year to date Revenue and EBITDA drivers
Year to date Revenue and EBITDA drivers Revenues, MNOK 2 365 2 359 2 433 Key revenue and EBITDA 1 843 1 831 2 043 2 008 2 105 1 950 2 201 drivers 1 794 1 667 1 768 1 672 1 560 • Premium market position and increased market shares in core segments • Increased scope and market position for EIT deliver
Slide 11: Key achievements since CMD 2013
Key achievements since CMD 2013 Offshore Continuous success with our integrated approach to the high end offshore segment • Johan Sverdrup – production unit • Petrofac – pipe layer • Catcher - floating production Merchant Marine Increased market shares in all segments • United Arab Shipping Corp. –
Slide 12: Key achievements since CMD 2013
Key achievements since CMD 2013 Subsea Continuous growth in the subsea segments • Increased activity for AUV pipe line inspection, e.g., NCS and offshore Brazil • Delivery of two persistent Remus AUV systems to Ocean Observatories Initiative in US • Ocean laboratories (K-Lander) for marine research
Slide 13: Solid position in a forecasted stable market
Solid position in a forecasted stable market • Vessels relevant for Kongsberg Maritime © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - through people, technology and dedication Page 13
Slide 14: New opportunities in offshore and subsea
Despite more uncertain market development, we see new opportunities in offshore and subsea • Aver. p.a. growth of 18% for harsh & deepwater pipelines in period 2013-18 • Average p.a. growth of 5% for shallow & benign pipelines in period 2013-18 © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORL
Slide 15: Diversified sources of business makes KM less dependent on specific cycles
Diversified sources of business makes KM less dependent on specific cycles Order income per Q3 2014 • Increased market shares and scope at large, and success for EIT deliveries to the OPU segments, compensates for the declining drilling market. • Value added customer support caters for growth, as th
Slide 16: Development since CMD 2013
Development since CMD 2013 Where we are Where we wanted to go Offshore • Securing and in position for significant order to the Offshore OPU and FPSO market through Kongsberg Maritime • Strengthen our position for offshore production units, by Engineering becoming a direction driver EIT solutions • C
Slide 17: Kongsberg is World Leading in AUVs
Kongsberg is World Leading in AUVs HUGIN AUVs have surveyed more kilometers than any other AUV (> 700.000 paid line km). Most deep water fields oil and gas fields world wide are mapped by HUGIN. REMUS has been a tremendous success with more than 300 vehicles delivered to 17 countries. REMUS vehicles
Slide 18: AUV Pipeline Inspection
AUV Pipeline Inspection • HUGIN AUVs are increasingly applied in pipeline inspections • MUNIN AUVs come with pipeline inspection capability • HUGIN and MUNIN AUVs provide superior data quality and increased efficiency Free spans © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - throug
Slide 19: AUV Camera Image
AUV Camera Image Altitude 3.5 m Speed 3.8 knots
Slide 20: AUV Leakage Detection
Sonar AUV Leakage Detection Methane Sensor Camera © 2014 KONGSBERG – All rights reserved.
Slide 21: Kongsberg is World Leading in Acoustic Sensor Systems
KONGSBERG is World Leading in Acoustic Sensor Systems Harbour inspection, Port of London, Tilbury Docks. © 2014 KONGSBERG – All rights reserved. 04.11.2014 WORLD CLASS - through people, technology and dedication. Page 21
Slide 22: Recent product launches in Subsea Monitoring business unit
Recent product launches in Subsea Monitoring business unit • K-Point compact leak detection node for critical underwater structures (mobile and permanent) • K-Observer hydro acoustic monitoring system • K-Lander modular sensor carrier for for detection of scour, deformation, marine permanent subsea
Slide 23: Smart Communities - Mobile and Permanent Subsea Solutions
«Smart Communities» - Mobile and Permanent SubseaSolutions Subsea Monitoring • Monitoring, inspection and light intervention on subsea installations without a surface vessel • Always present and ready capability • Real-time and or near real-time data transfer to shore • Faster reaction time and sign
Slide 24: Subsea Monitoring is Networked
Subsea Monitoring is Networked Subsea Monitoring is Integrated Operations
Slide 25: In position today – preparing for tomorrow
In position today – preparing for tomorrow • Our diversity makes us less vulnerable in a cyclic market • Solid back log of orders – book/bill ratio > 1 • Cost base – continuous improvement initiatives in addition to DeltaOne • Increased install base drives the growth • Modern product portfolio – a s
Slide 26: Ocean of opportunities
Ocean of opportunities To continue our innovation effort with the objective to refine our solutions for; • Future maneuvering and positioning • Hybrid power solutions • K-IMS Kongsberg Information Management system • Fish farming To be continued © 2014 KONGSBERG – All rights reserved. 04.11.2014 WOR
Slide 27: kongsberg.com
kongsberg.com KONGSBERG