Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Investor Presentation (November 2020)
21 slides from Kongsberg Gruppen Asa's investor presentation, Nov 12, 2020
Slide 1: Kongsberg Maritime
KONGSBERG MARITIME 12/11/2020 Egil Haugsdal, President – Kongsberg Maritime 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 writi
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 in
Slide 3: Kongsberg Maritime
KONGSBERG MARITIME User-friendly. Innovative. Reliable. Solutions that work. Our approach to product design maximise performance by providing THE FULL PICTURE. Our products and services cover on- and offshore, merchant marine, subsea, navy, coastal marine, aquaculture, training and more. ~7 000 17 B
Slide 4: Kongsberg Maritime: technology for a greener ocean space
DECK MACHINERY & PROPULSION MOTION CONTROL & ENGINES Kongsberg Maritime Technology for a greener ocean space 24/7 GLOBAL SENSORS CUSTOMER SUPPORT & ROBOTICS INTEGRATED SOLUTIONS WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 4
Slide 5: Strong growth and increasing profitability
Strong growth and increasing profitability Order Backlog (BNOK) Revenues (BNOK) EBITDA (BNOK) and margin (%) 12.4 11.3 17.3 9.7% +12% 7.5% 7.5% 8.5% 15.2 6.6% 1.48 6.5 9.7 4.8 5.2 8.0 1.7% 1.01 4.4 6.9 7.0 0.94 0.52 0.52 0.13 2015 2016 2017 2018 2019 Q3 2015 2016 2017 2018 2019 LTM Q3 2015 2016 2017
Slide 6: Our market is the Ocean Space
Our market is the Ocean Space Energy - food - transportation - research - minerals - leisure travel Remote control Onshore service centres Communication OSV & Wind Installation Tankers Aquaculture Offshore E&P Research & Naval vessels Fishing AUV and USV Subsea installations Cargo & Cruise transport
Slide 7: KM strategic objectives
KM strategic objectives Our goal remains unchanged 3 The leading global supplier 2 of maritime technology 1,5 Increase market share by delivering customer value through Shaping the maritime future 1 Navigate the an enlarged portfolio crisis, convert to Deliver on target, opportunity profitable in 20
Slide 8: The advantage of being large & leading
The advantage of being large & leading Choosing the right technology path that brings competitive advantage to our customers SMART DATA & REMOTE & CONNECTIVITY & ELECTRIFICATION ENERGY STORAGE CLEANER FUELS RISK SHARING INTEGRATION ADVANCED S&R ANALYTICS AUTONOMY REMOTE SERVICES Operational efficien
Slide 9: A diverse business with many strong footholds
A diverse business with many strong footholds Other Fishery & SPV Other 9% LNG 10% 17% 11% Naval 7% 16% 32% Offshore 8% Seaborne & PAX OPU Sailing vessels/ Aftermarket New 51 % building Nordics Americas 40 % 18% 21% 28% EMEA 33% APAC WORLD CLASS – Through people, technology and dedication KONGSBERG
Slide 10: Market Overview
Market Overview Market development and current “temperature” NEWBUILDING MARKET DEVELOPMENT CURRENT MARKET SITUATION 6 000 5 000 # of contracted vessels 4 000 3 000 2 000 1 000 0 1990 1995 2000 2005 2010 2015 2020 2025 Contract year HISTORICALLY LOW LEVELS OF ACTIVITY VOLUME SEGMENTS DOWN, BUT STILL
Slide 11: Ready to capitalize on the future market
Ready to capitalize on the future market BUILDING ON EXISTING STRONGER TOGETHER IMPROVING OPERATIONS STRENGTHS ▪ Excellent products & technology ▪ Coming together as teams ▪ Key areas back in black ▪ Strong and long relationships ▪ Increasing our digital capabilities ▪ Profitable projects ▪ Global p
Slide 12: The DMMC example
The DMMC example Deck Machinery and Motion Control - ~700 employees Revenue and EBITDA 2017-2020 2 000 50 0 0 ▪ New organizational set-up – right shape 1 500 -50 and size -100 ▪ Sales and project execution 1 000 -150 ▪ Product review and production set-up -200 optimization 500 -250 ▪ Supply chain im
Slide 13: Cross-sales opportunities – larger scope of delivery
Cross-sales opportunitets – larger scope of delivery Service Operation Vessel (SOV) as an example - Deliveries from KONGSBERG before the acquisition: Full Electrical System + Batteries - DP3 - Automation WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of
Slide 14: Cross-sales opportunities – larger scope of delivery
Cross-sales opportunitets – larger scope of delivery Service Operation Vessel (SOV) as an example - Deliveries from KONGSBERG after the acquisition: Full Electrical System + Batteries - DP3 - Automation + Propulsion, full thruster set - Deck machinery, including LARS - Ship design WORLD CLASS – Thro
Slide 15: Upgrade opportunities
PSV’s TO HYBRID RETROFIT OF PROPULSION Upgrade opportunities Helping ship owners answer to changing demands CONVERSION OF CONVERSION OF TRAWLER RORO WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 15
Slide 16: Two major drivers
Two major drivers Sums up to one: Green Shipping WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 16
Slide 17: IMO strategy: Reduction of Green House Gas emissions
IMO strategy: Reduction of Green House Gas (GHG) emissions Levels of ambition compared to 2008 2050 2030 2050 -50% -40% -70% Total annual GHG emissions CO2 emissions per transport work, as an from international shipping average across international shipping, WORLD CLASS – Through people, technology
Slide 18: How to reduce GHG footprint from shipping
How to reduce GHG footprint from shipping MINIMISE THE ENERGY CONSUMPTION MAXIMISE THE ENERGY USE CLEAN ENERGY CONVERSION EFFICIENCY SOURCES / FUELS WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 18
Slide 19: ONE KONGSBERG – Stronger together
ONE KONGSBERG – Stronger together KDA - VANGUARD KDI – Vessel Insight WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 19
Slide 20: We are positioned to capture future market opportunities
Conclusions ▪ We deliver positive results in a challenging market We are positioned to ▪ We deliver value from a successful integration capture future market ▪ We aim to be a leading integrator of green technologies opportunities WORLD CLASS – Through people, technology and dedication KONGSBERG PROP
Slide 21: Thank you!
Thank you! KONGSBERG PROPRIETARY - See Statement of Proprietary information
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