Slide 1: Industry reinvented
Industry reinvented Quarterly report Q4 2024 | Goodtech ASA goodtech.no 1
Slide 2: Summary
Quarterly report Goodtech ASA - Q4 2024 Summary 125 MNOK 359 MNOK Revenue and order backlog: Q4 2024 net operating Order backlog Net operating revenue after external project cost slightly higher than the same period last year (+6%) revenue after external 66% growth in order backlog compared to t
Slide 3: Announcements in the quarter | Q4 2024
Quarterly report Goodtech ASA - Q4 2024 Announcements in the quarter | Q4 2024 Experienced CFO and strategic 6.5 MNOK subscription of shares in Energy supply infrastructure management professional Goodtech ASA by employees Track record from international listed 21 470 shares subscribed by primary En
Slide 4: Recap | Goodtech’s strategic repositioning journey 2021-2025
Quarterly report Goodtech ASA - Q4 2024 Recap | Goodtech’s strategic repositioning journey 2021-2025 In Q1 2022 Goodtech launched its strategic repositioning strategy – with an increased focus on higher-margin segments, and exit from non-core segments Our value chain Strategy Attributes • Attractive
Slide 5: Exit of non-core business unit in Sweden after the quarter
Quarterly report Goodtech ASA - Q4 2024 Exit of non-core business unit in Sweden after the quarter After the quarter, Goodtech announced the sale of its assemblyy line business and workshop in Karlstad (Sweden). The transaction will be completed in February 2025, and is therefore classified as held
Slide 6: Strategic focus on service and after sales continues
Quarterly report Goodtech ASA - Q4 2024 Strategic focus on service and after sales continues A key attribute in Goodtech’s strategy is to grow its aftermarket revenue – where the revenue is typically of recurring art and with long time horizons, ensuring that Goodtech remains close to key customers
Slide 7: Financial performance
Quarterly report Goodtech ASA - Q4 2024 Financial performance* Comments -19% Total revenue 220.9 205.4 187.4 178.7 MNOK 145.0 Total revenue came in 19% lower than in Q4 2023 1. In Q4 2023 Goodtech had several projects with high Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 procurement share in the project mix
Slide 8: Sales and order backlog
Quarterly report Goodtech ASA - Q4 2024 Sales and order backlog* Order backlog | MNOK Comments +66% 386 Order backlog grew 66% from 216 MNOK in Q4 2023 to 359 MNOK in Q4 2024 350 359 276 The mix in Goodtech’s order backlog has in 2024 shifted to containing a larger share of 216 projects that span
Slide 9: Robust capital structure
Quarterly report Goodtech ASA - Q4 2024 Robust capital structure 580 572 572 33 538 537 31 35 10 40 Assets 150 154 139 204 127 Assets held for sale 104 102 106 46 111 Other current assets Cash and cash equivalents 293 288 286 284 Non-current assets 260 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 48,3% 5
Slide 10: Summary and outlook
Quarterly report Goodtech ASA - Q4 2024 Summary and outlook 125 MNOK 359 MNOK Q4 2024 net operating Order backlog revenue after external project costs Well positioned in a growing domestic market - Nordic industry has a great need to increase its competitiveness 9.9 MNOK 2.9 MNOK Ready for further g
Slide 11: Q4 2024 | Goodtech ASA
Q4 2024 | Goodtech ASA goodtech.no 11