Goodtech Asa Class A · OSL:GOD

Goodtech Asa Class A — Q1 2021 Earnings Presentation

22 slides from Goodtech Asa Class A's earnings presentation, 2021

1. Slide 1: Goodtech ASA Presentation Q1 2021

   Goodtech ASA Presentation Q1 2021 CEO Margrethe Hauge

2. Slide 2: Agenda

   Agenda  Highlights  Operational update  Financial update  Strategic update  Outlook

3. Slide 3: More than 100 years of transformation

   More than 100 years of transformation  Norsk Elektrisk Kabelfabrikk (NEK) founded in 1913  Listed on the Oslo Stock Exchange in 1984  Renamed Goodtech in 1993  Acquired more than 10 companies within environmental technology during the 90’ties  Cronus Group part of the family in 2005  Acquired

4. Slide 4: Goodtech – the preferred provider of industrial efficiency

   Goodtech – the preferred provider of industrial efficiency Regional Presence Core capabilities Revenue split 2020 By solution Goodtech ASA 11% 1% 43% 45% Industry 4.0 – Environmental Sales of goods Services Industrial efficiency Solutions Construction contracts Other Key solutions: Key solutions: En

5. Slide 5: A trusted partner from project generation to aftermarket services

   A trusted partner from project generation to aftermarket services Goodtech / Goodtech Partners Overall project management Aftermarket Idea generation Installation Engineering Equipment Commissioning Service / upgrades Solution (in-house assembly)  Identify and fulfil  Engineering services  Mainly

6. Slide 6: Robust and proven customer value proposition with loyal customer base

   Robust and proven customer value proposition with loyal customer base Attractive points of differentiation for customers... …ensuring excellent customer satisfaction scores To which extend does Goodtech How likely is it that you will deliver customer value?1 choose Goodtech again?1 One-stop shop Ind

7. Slide 7: Highly diversified end-market exposure

   Highly diversified end-market exposure Water treatment Power Biogas Generation Distribution Manufacturing Food Medical Automotive Process industry Metal Chemicals Oil & gas Onshore Aquaculture Offshore 7

8. Slide 8: Goodtech contributes to develop a more sustainable society

   Goodtech contributes to develop a more sustainable society Developing systems that increase efficiency, reduce energy consumption and provide the least possible environmental impact Building and Effective solutions for Provides solutions and Innovative automation construction of efficient chemical p

9. Slide 9: Operational update

   OPERATIONAL UPDATE

10. Slide 10: Highlights First quarter 2021

    Highlights First quarter 2021  Increased revenue and EBITDA compared to same period last year  Satisfactory enquiry level but delay in capital investments due to Covid-19  Expanding organization

11. Slide 11: Revenue distribution Q1-21

    Revenue distribution Q1-21 By solution By geography 7% 13% 42% 23% 51% 63% Sales of goods Construction contracts Services Norway Sweden Other

12. Slide 12: Positive trend expected to continue

    Positive trend expected to continue Revenue (LTM) EBITDA (LTM) NOKm Growth: +19,2% NOKm 33 27 26 28 516 537 26 474 464 463 474 483 496 451 21 17 12 12 5.0% 5.2% 7.2% 5.8% 5.7% 4.5% 3.3% 2.6% 2.5% Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1

13. Slide 13: Financial update

    FINANCIAL UPDATE

14. Slide 14: Group Balance Sheet

    Group Balance Sheet Assets Equity and Liabilities 600,0 600,0 500,0 500,0 400,0 400,0 274,3 231,0 MNOK MNOK 300,0 300,0 200,0 200,0 205,0 195,3 100,0 100,0 25,3 45,3 0,0 0,0 Q120 Q121 Q120 Q121 Non current assets Current assets Cash and cash equivalents Long term liabilities Short term liabilities E

15. Slide 15: Net cash/-net interest bearing debt

    Net cash/-net interest bearing debt 25,0 -8,0 % 20,0 -6,8 % -6,9 % -6,0 % 15,0 -5,1 % -4,0 % 10,0 MNOK MNOK -2,0 % -2,3 % 5,0 0,0 % 0,0 2,0 % - 5,0 3,3 % 4,0 % - 10,0 2017 2018 2019 2020 Q121 2017 2018 2019 2020 Q121 Net debt/equity ratio Net cash/ - net interest-bearing debt Leasing obligations inc

16. Slide 16: Equity

    Equity 350,0 56,0 % 300,0 55,0 % 250,0 54,7 % 54,3 % 54,0 % 200,0 MNOK 53,3 % 150,0 53,0 % 100,0 52,0 % 51,7 % 50,0 51,7 % 0,0 51,0 % 2017 2018 2019 2020 Q121 2017 2018 2019 2020 Q121 50,0 % 2017 2018 2019 2020 Q121 Equity ratio

17. Slide 17: Strong order backlog development albeit Covid-19 pandemic situation

    Strong order backlog development albeit Covid-19 pandemic situation Strong order backlog development from 2019 Key considerations NOKm  Sales and market activity in the Group is high Growth: -20% 280  Due to Covid-19, decision-making processes on capital 255 purchases take somewhat longer than bef

18. Slide 18: Strategic update

    STRATEGIC UPDATE

19. Slide 19: Industry 4.0

    Robot s Cybersecurity IOT Industry 3D 4.0 Simulation Infrastructure Intelligent communication automation System integration

20. Slide 20: Automation Digitalisation Robotization Environmental

    AUTOMATION DIGITALISATION ROBOTIZATION ENVIRONMENTAL

21. Slide 21: Outlook

    OUTLOOK

22. Slide 22: Outlook

    Outlook • Goodtech is well positioned within our core markets; environment, aquaculture, metal, oil & gas, processing and food industry • Automation and digitalization will be key to increase our customers competitiveness • Favorable market conditions with growing demand for digitization and robotiz

Goodtech — Q1 2021 Earnings Presentation on 6ix