Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q2 2021 Earnings Presentation
19 slides from Kongsberg Gruppen Asa's earnings presentation, 2021
Slide 1: Investor presentation Q2 2021
Investor presentation Q2 2021 Geir Håøy, President & CEO Gyrid Skalleberg Ingerø, 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 w
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: Highlights 2nd quarter
Highlights 2nd quarter • Revenue BNOK 6.8 (BNOK 6.0) • EBITDA BNOK 1.0 (BNOK 0.7) • Continued solid performance in Defence • Growth and improved margins in Maritime • Continued scaling – new customers, partners and increased capacity in Digital WORLD CLASS – Through people, technology and dedication
Slide 4: Business update and contract awards
Business update and contract awards Kongsberg Maritime Kongsberg Defence & Aerospace Kongsberg Digital • Positive sentiment in several segments • Solid revenue growth with contribution • Roll-out of new assets and onboarding of • Increased activity and book/bill of 1.03 from all divisions new users
Slide 5: Important contracts signed in 3rd quarter
Important contracts signed in 3rd quarter COMBAT SYSTEMS TO NORWAY AND GERMANY’S NEW INTEGRATED WIND TURBINE INSTALLATION AGREEMENT TO EXPLORE USE OF SUBMARINES, AND NSM TO THE TWO NATIONS’ NAVIES VESSEL TECHNOLOGY TO COSCO KOGNITWIN® ENERGY TO EXXONMOBIL WORLD CLASS – Through people, technology and
Slide 6: Financial status
Financial status Gyrid Skalleberg Ingerø, EVP & Group CFO WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 6
Slide 7: Growth in revenue and all-time-high EBITDA
Growth in revenue and all-time-high EBITDA Order intake and backlog Revenue EBITDA (BNOK) Order backlog (BNOK) (BNOK, %) EBITDA margin 35.78 14.7% 32.93 12.4% 6.76 0.99 6.07 5.98 5.54 13% 0.74 34% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 H1; BNOK 13.1
Slide 8: Cashflow 2nd quarter 2021
Cashflow 2nd quarter 2021 ▪ Overview of cashflow in the quarter Comments (BNOK) ▪ Positive cashflow from operations ▪ Increased working capital due to increased (0.65) 7.78 0.99 0.15 (0.20) (0.64) activity and projects in KDA (1.55) ▪ Remaining of KOG08 (~MNOK 500) paid down 5.79 (0.11) 0.02 in June
Slide 9: Kongsberg Maritime
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 writing. Any authorised reproduction in whole or in pa rt, mus
Slide 10: Book/bill of 1.05 in H1 for KM
Book/bill of 1.05 in H1 for KM Order intake Order backlog (BNOK) Rolling 12 month order intake (BNOK) 12.11 11.83 11.73 11.39 11.48 15.87 15.56 1.90 2023 → 4.13 2022 3.85 4.22 10% 5.70 2021 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 H1; BNOK 8.29 WORLD CLASS – Through people, techno
Slide 11: Positive trend in aftermarket and diversified order intake in new build
Positive trend in aftermarket and diversified order intake in new build Order intake from Global Customer Support Order intake new sales by segments YTD (BNOK) Other LNG 9% +16% 5% Seaborne & Pax OPU 1.92 5% 30% 8% Offshore 7% Naval 7% 17% 21% Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Of
Slide 12: Revenue increase and improved EBITDA
Revenue increase and improved EBITDA Revenue EBITDA (BNOK) Rolling 12 month revenue (BNOK, %) EBITDA margin % 17.61 11.1% 15.91 3.76 4.09 9% 7.1% 0.45 0.27 69% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 H1; BNOK 7.90 H1; BNOK 0.88 WORLD CLASS – Through people, technology and dedicat
Slide 13: Kongsberg Defence & Aerospace
KONGSBERG DEFENCE & AEROSPACE 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
Slide 14: KDA backlog still strong
KDA backlog still strong Order intake Order backlog (BNOK) Rolling 12 month order intake (BNOK) 14.32 12.80 23.48 24.47 23.15 19.66 18.76 10.42 2023 → 7.71 2022 1.79 1.12 5.02 2021 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 H1; BNOK 4.47 WORLD CLASS – Through people, technology and
Slide 15: Continued solid performance from Defence
Continued solid performance from Defence Revenue EBITDA (BNOK) Rolling 12 month revenue (BNOK, %) EBITDA margin 9.36 21.8% 20.9% 8.00 2.46 2.01 0.51 22% 0.44 17% Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 H1; BNOK 4.81 H1; BNOK 0.98 WORLD CLASS – Through people, technology and dedic
Slide 16: Kongsberg Digital
KONGSBERG DIGITAL 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 pa rt, must
Slide 17: Kongsberg Digital key figures and highlights
Kongsberg Digital Key figures Highlights (MNOK) ▪ Recurring revenue increased with 24% in Q2 2021 compared to Q2 2020 209 204 Revenues ▪ High investments and roll-out of new applications and solutions Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 ▪ Kognitwin now delivered to upstream, downstream and mid-stream inst
Slide 18: Outlook
OUTLOOK KONGSBERG DEFENCE KONGSBERG KONGSBERG & AEROSPACE MARITIME DIGITAL Current backlog secures growth in 2021 New-building market expected to Continued roll-out of KOGNITWIN® and remain challenging, however several Vessel Insight to existing and new Efficient operations and current project posit
Slide 19: Q&A
INVESTOR PRESENTATION Q&A 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 pa