Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q3 2024 Earnings Presentation
12 slides from Kongsberg Gruppen Asa's earnings presentation, Oct 24, 2024
Slide 1: Protechting people and planet
Investor presentation Q3 2024 Protechting people and planet Geir Håøy, President & CEO Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not othe
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward- looking i
Slide 3: Highlights Q3
Highlights Q3 • Continued growth in all business areas - Ranging from 8% to 30% • Announced new production facilities in the US and Australia Increased Zero emission • High market activity throughout the company defence spending Energy transition • NOK 96.9bn record-high order backlog Order intake R
Slide 4: Business update
Numbers in NOK bn Business update Backlog distribution by business area Kongsberg Discovery Kongsberg Digital 3.0 Kongsberg Maritime 2.0 20.5 96.9¹ 72.0 Kongsberg Defence & Aerospace 1 Adjusted for eliminations Order intake Q3 Backlog distribution by year Q4 2024 backlog distribution Kongsberg Digit
Slide 5: Financial status
Financial status Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised repr
Slide 6: Revenue
Revenue Kongsberg Maritime Kongsberg Defence & Aerospace (NOK bn) +30% 6.49 +8% 4.99 4.26 KONGSBERG 3.94 +19% 11.92 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 9.98 Kongsberg Discovery Kongsberg Digital Recurring revenue +21% 1.12 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 0.92 +17% 0.36 0.42 Q3
Slide 7: EBIT and EBIT-margin
EBIT and EBIT-margin Kongsberg Maritime Kongsberg Defence & Aerospace (NOK bn, %) 17.1% 15.1% 16.2% 12.3% 1.11 KONGSBERG 0.62 0.59 0.69 EBIT-margin EBIT (NOK bn) 15.7% 12.7% Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 1.87 1.27 Kongsberg Discovery Kongsberg Digital 16.1% 14.9% (0.08)
Slide 8: Associated companies
Associated companies Kongsberg Satellite Services Patria Revenue (NOKm) EBIT (NOKm) KOG’s share of net profit (NOKm) Revenue (EURm) EBIT (EURm) KOG’s share of net profit (NOKm)* 312 587 561 566 532 472 206 168 169 103 139 100 103 110 98 42 23 18 1 3 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q3 23 Q4 23 Q1 24 Q2
Slide 9: Net working capital
Kongsberg Maritime 13.5% Net working capital 13.2% 3.16 (NOK bn, %) 2.53 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 KONGSBERG NWC of LTM-revenue (%) NWC (NOK bn) Kongsberg Defence & Aerospace 0.05 4.35 0.3% (29.4%) 11.4% (5.48) (0.1%) Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Kongsberg Discovery (0.06) 49.9% 47.1% Q3 23 Q4
Slide 10: Cash flow development
Cash flow development 1.7 - 30.9 (NOK bn) (0.26) (0.32) (0.51) 7.13 2.25 0.18 (0.26) 0.10 5.94 Cash 1.7 EBITDA Change in Tax and other Investments Other investing Other financing Translation Cash 30.9 working operating PPE & R&D activities activities differences cash capital related items Numbers in
Slide 11: Outlook
Outlook Kongsberg Kongsberg Kongsberg Kongsberg Maritime Defence & Aerospace Discovery Digital • Front-runner in the maritime • Continued marketing, tendering • Significant demand from areas • Continued increase in recurring transformation and unique and negotiations related to such as fishery, mari
Slide 12: Protechting people and planet
Protechting people and planet KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in