Soiltech As · OSL:STECH
Soiltech As — Q4 2024 Earnings Presentation
14 slides from Soiltech As's earnings presentation, Feb 20, 2025
Slide 1: Fourth quarter and Full-year 2024 Presentation
AN INNOVATIVE TECHNOLOGY COMPANY SOLVING A PRESSING ISSUE, Fourth quarter and Full-year 2024 FOR A GREENER FUTURE Presentation 20 February 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 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 3
Slide 4: A defining quarter
A defining quarter MNOK Quarterly revenue 2023 - 2024 RECORD HIGH REVENUE, EBITDA AND PROFIT BEFORE TAX 90 81 Q4 revenues of 80.7 million 80 Q4 adjusted EBITDA of NOK 25.8 million 66 70 68 70 64 Q4 profit before tax (adjusted)¹of NOK 15.8 million 58 60 56 50 STRONG OPERATING PERFORMANCE 40 40
Slide 5: Operational review
Agenda 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 5
Slide 6: Key contracts secured end-2024 and start of 2025
Key contracts secured end-2024 and start of 2025 FOURTH QUARTER AWARDS Call-off under the Frame agreement¹ with Equinor for solid waste (drill cuttings) handling on Statfjord B in Norway. The contract started in fourth quarter 2024. This is estimated to be a large contract POST QUARTER AWARDS Co
Slide 7: Contract Status Norway
Contract Status Norway Note: Contract start, and duration is Soiltech’s best estimate. Contracts normally follow the rig’s contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity. Source: Company 7
Slide 8: Contract Status International
Contract Status International Note: Contract start, and duration is Soiltech’s best estimate. Contracts normally follow the rig’s contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity. Source: Com
Slide 9: Financial review
Agenda 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 9
Slide 10: Fourth quarter and Full-year 2024 results
Fourth quarter and Full-year 2024 results FOURTH QUARTER MNOK Quarterly revenue 2023 - 2024 MNOK Quarterly Adjusted EBITDA Revenues of 80.7 million, +39% year on year (YoY) 90 30 Adjusted EBITDA of NOK 25.8 million, +90% YoY 81 26 80 Adjusted EBITDA margin of 32%, up from 23% YoY 70 64 66 70 6
Slide 11: Strong financial results, robust balance sheet and liquidity
Strong financial results, robust balance sheet and liquidity INCOME STATEMENT BALANCE SHEET Q4 2024 Q4 2023 FY 2024 FY 2023 31.12.2024 31.12.2023 (NOK 1,000) (NOK 1,000) Revenues 80 659 58 011 274 020 229 279 Total assets 433 901 350 681 Operating cost (39 838) (32 924) (157 870) (135 157) Gross pro
Slide 12: Outlook
Agenda 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 12
Slide 13: Outlook
Outlook • The demand for cleaner production of energy and more effective and sustainable waste management solutions continue to be the key drivers for Soiltech’s growth going forward • Soiltech is well positioned to expand our market share across the full technology portfolio • We are optimistic abo
Slide 14: Contact: Tove Vestlie CFO / Investor Relations
Contact: Tove Vestlie CFO / Investor Relations Soiltech ASA Email tove.vestlie@soiltech.no Koppholen 25, Mobile +47 90690648 4313 Sandnes, Norway 14 www.soiltech.no