Vow Asa · OSL:VOW
Vow Asa — H1 2022 Earnings Presentation
15 slides from Vow Asa's earnings presentation, Aug 25, 2022
Slide 1: First Half Year 2022
PRESENTING FIRST HALF YEAR 2022 Henrik Badin, CEO Vow ASA Oslo, 25 August 2022
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by the management of Vow ASA using commercially reasonable efforts to provide estimates and information about the company and prospective new markets. The presentation includes and is based, inter alia, on forward-looking information and statements that
Slide 3: About Us
ABOUT US Provider of world leading technologies to eliminate pollution, enhance circular economy and mitigate climate change Offering patented unique solutions that turn waste and biomass into Our brands CO2 neutral energy, decarbonised energy, low-carbon fuels and biocarbon Proven ability to contin
Slide 4: Well Established and With Proven Delivery Model
WELL ESTABLISHED AND WITH PROVEN DELIVERY MODEL 117 4450+ 144 Net-zero ambition by 2025 patents systems systems in backlog to be delivered 209 tCO2e in within 17 families of patents installed1 over the next 3-5 years Scope 1 and 2 45 238 0 25% proprietary employees gender equality technologies with
Slide 5: Financial and Operational Headlines
FINANCIAL AND OPERATIONAL HEADLINES
Slide 6: First Half Year | Key Takeaways
FIRST HALF YEAR | KEY TAKEAWAYS 1H 22 Highest ever revenues, profits and order backlog Revenues +99%2 Revenues in 1H 22 doubled year-over-year to 400 million 400 y-o-y million Landbased revenues were more than fourfold. Aftersales in cruise back at pre-Covid levels, and Projects continued its steady
Slide 7: Key Financials | Group
2,244 KEY FINANCIALS | GROUP 400 844 Options 826 53 184 778 248 253 542 584 1400 Backlog 212 201 Landbased 48 74 1291 49 34 49 40 25 Aftersales 14 18 34 22 20 21 1061 13.3% 989 952 Cruise 160 167 projects 149 149 145 9.9% H1 20 H2 20 H1 21 H2 21 H1 22 H1 20 H2 20 H1 21 H2 21 H1 22 H1 20 H2 20 H1 21
Slide 8: Landbased
LANDBASED One of 12 BioGreen pyrolysis units ready for shipment to Vow Green Metals and its BioCarbon plant, which will be the largest in Europe For the first time, Landbased is the largest reporting segment in Vow, delivering 46% of total revenues Significant growth in revenues and profit. C.H. Eve
Slide 9: Projects | Cruise
July 2022: Vow team inspecting MSC PROJECTS | CRUISE World Europa at Chantiers d’Atlantique, fully equipped with a total cleanship system from Scanship Solid progress in revenues and record-high profits for the first half year, according to plan. Revenues increased 12% and EBITDA margin remained hea
Slide 10: Aftersales | Cruise
AFTERSALES | CRUISE As expected, activity in Aftersales increased as cruise operations continued to resume with easing of Covid-19 restrictions 33 million 29 Revenues in Q2’22 of 29 million equals an annualised run million rate of 115 million, nearly back at pre-Covid level (see chart) With more new
Slide 11: Market Trends and Outlook
MARKET TRENDS AND OUTLOOK
Slide 12: Global Trends and Recent Events That Drive Demand for Our Solutions
GLOBAL TRENDS AND RECENT EVENTS THAT DRIVE DEMAND FOR OUR SOLUTIONS Industry looking for future-proof Economic solutions realities Self-sufficiency Cost of emissions Energy security Cost of energy Supply chain control Photo: AP Government EU natural gas prices 2021- to date Circular policies and Nav
Slide 13: How Our Customers Respond
HOW OUR CUSTOMERS RESPOND Recent news and events that show how Vow customers are taking concrete actions Converting plastics to Growing energy storage Converting end-of-life Green waste to energy raw materials for needs drive demand for tyres to valuable raw project in the US petrochemicals advanced
Slide 14: Summary
SUMMARY Record half year revenues and profits More than quadrupling in Landbased, rebound as forecast in Aftersales, and continued high activity in Cruise Projects Progressing and delivering according to plans, with efficient mitigation of inflation and supply chain constraints Order backlog (includ
Slide 15: First Half Year 2022
FIRST HALF YEAR 2022