Soiltech As · OSL:STECH
Soiltech As — Q3 2024 Earnings Presentation
15 slides from Soiltech As's earnings presentation, Oct 30, 2024
Slide 1: Q3 2024 Presentation
AN INNOVATIVE TECHNOLOGY COMPANY SOLVING A PRESSING ISSUE, Q3 2024 Presentation FOR A GREENER FUTURE 30 October 2024 1
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”, which term shall be interpreted to include references to this document, the presenters' speeches, the question-and-answer session and any other related verbal or written communication) has been prepared by Soiltech ASA (the “Company” or “Soiltech“),
Slide 3: Agenda
Agenda 1 Q3 Highlights 2 Operational review Company overall strategy 3 Financial review / Outlook 4 Summary Business plan 2025-2026 3
Slide 4: Another quarter with high activity
Another quarter with high activity GOOD DELIVERY ACROSS THE FULL TECHNOLOGY PORTFOLIO • Q3 Adjusted EBITDA of NOK 13.4 million • Q3 Revenues of 67.6 million • Q3 Profit before tax of NOK 3.5 million before IPO expenses • 100% commercial uptime WELL POSITIONED TO TAKE ADVANTAGE OF MARKET OPPORTUNITIE
Slide 5: Agenda: Business plan 2025-2026
Agenda 1 Q3 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Summary Business plan 2025-2026 5
Slide 6: Strong recurring blue-chip client base
Strong recurring blue-chip client base Source: Company 6
Slide 7: Contract Status Norway
Contract Status Norway NORWAY 2024 2025 2026 2027 2028 2029 Rig Name Rig Type Client / End client Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 As kel a dden Ja ckup Equi nor* As kepott Ja ckup Equi nor* Os eberg B Pl a tform Equi nor* Os eberg Sør Pl a tform Equi nor* Hei
Slide 8: Contract Status International
Contract Status International INTERNATIONAL 2024 2025 2026 2027 Rig Name Rig Type Client / End client Location Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Swift 10 Jackup Wintershall Dea Netherlands Noble Resolute Jackup Petrogas Netherlands Noble Voyager Drillship Noble Drilling*** Suriname Nob
Slide 9: Agenda: Financial review
Agenda 1 Q3 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Summary Business plan 2025-2026 9
Slide 10: Key figures third quarter 2024
Key figures third quarter 2024 Profit before tax Q3 Profit before tax (excluding expenses related to IPO) came to MNOK 3.5. YTD 2024 Profit before tax (excluding expenses related to IPO) came to MNOK 13.3. 10
Slide 11: Key figures third quarter 2024
Key figures third quarter 2024 Net interest bearing debt Net interest bearing debt as of Q3 is MNOK 149.7, an increase from MNOK 111.2 as of end 2023. This is due to investments in new equipment for further growth. Liquidity Unused portion of bank credit facility as of 30.09.2024 is MNOK 39.6, givin
Slide 12: Outlook
Outlook • Cleaner production of energy and reduced pollution of the oceans are key drivers for Soiltech’s growth • Tightening of environmental regulations in EU and world-wide for discharge to sea and air • In the short term we anticipate higher activity in Q4 • We expect this upward trend to gain s
Slide 13: Agenda: Summary
Agenda 1 Q3 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Summary Business plan 2025-2026 13
Slide 14: Summary
Summary • High activity in the quarter • Around NOK 100 million in new equipment available for future projects • New contracts secured with industry leading companies • Tightening of environmental regulations in EU and rest of the world, driving Soiltech’s growth • Short term we anticipate higher ac
Slide 15: Contact: Tove Vestlie (CFO)
Contact: Tove Vestlie (CFO) Tove.vestlie@soiltech.no Soiltech AS Soiltech UK Soiltech Abu Dhabi Koppholen 25, 12 Carden Place, Gibca Tower, 4313 Sandnes, Norway AB10 1UR, Aberdeen Khalifa 3rd Street, Abu Dhabi www.soiltech.no 15