Ocean Sun As · OSL:OSUN
Ocean Sun As — Q1 2021 Earnings Presentation
18 slides from Ocean Sun As's earnings presentation, May 3, 2021
Slide 1: Ocean Sun Q1 Presentation
OCEAN SUN A BOLD SOLUTION TO OUR GLOBAL ENERGY NEEDS Q1 PRESENTATION 03.05.2021
Slide 2: Vision: World leading technology provider to floating PV systems
V I S I O N WORLD LEADING TECHNOLOGY PROVIDER TO FLOATING PV SYSTEMS
Slide 3: Content
Content Ocean Sun in brief Highlights Operations and business developments Outlook and priorities Financials Appendix
Slide 4: Ocean Sun in brief
Ocean Sun in brief Scalable & asset Fast-growing Unique technology Extensive Experienced & 1 2 3 4 light business 5 market for Floating PV project pipeline1 committed team model Note: 1) “Pipeline” means potential projects where the Group is in discussions with possible customers, but where no bindi
Slide 5: Highlights
Highlights New contract in Phase 1 Statkraft Product MWP Several new Greece completed improvements collaboration opportunities
Slide 6: Operations and business developments
Operations and business developments OCEAN SUN - CONFIDENTIAL
Slide 7: License agreement in Greece and the Republic of Cyprus
License agreement in Greece and the Republic of Cyprus Project details Ocean Sun has signed an agreement with MP Quantum Group (“MP”) to develop floating solar based on Ocean Sun’s proprietary technology in Greece and the Republic of Cyprus. MP Quantum Group is a solar energy developer founded and o
Slide 8: First phase of Statkraft Albania project completed
First phase of Statkraft Albania project completed – Proven new design that offers low cost and fast and easy installation Project update Ocean Sun and Statkraft have completed the first phase of its 2 MWp project on the Banja HPP in Albania, during which one floater of 68.8m diameter and a power ou
Slide 9: Gran Canaria (BOOST) – Enabling non-sheltered applications
Gran Canaria (BOOST) – Enabling non-sheltered applications Project update As part of a consortium with Fred Olsen, Innosea, Plocan and ITC, Ocean Sun has received EIC funding to test its technology in offshore conditions of the coast of Gran Canaria. The project started in January 2021 with developm
Slide 10: Outlook and priorities
Outlook and priorities 1.08 Protect & Continuous Global Partnerships Large customers Revenue from 35 Maintain IP Development license & partnerships
Slide 11: Financials
Financials Profit and loss Balance sheet Cash flow Equity statement OCEAN SUN - CONFIDENTIAL
Slide 12: Income statement
Income statement Income Statement Comments to the income statement Unaudited Unaudited NOK'000 Q1’2021 Q1’2020 FY2020 Total revenue amounted to NOK 1.6 million in Q1’2021 and relates Revenue - 718 1 146 to R&D contribution from the BOOST project as well as from the Contributions 1 578 1 672 4 983 Re
Slide 13: Balance sheet
Balance sheet Balance sheet Comments to the balance sheet 31.03.2021 Unaudited NOK'000 31.03.2021 31.12.2020 Cash and cash equivalents amounted to ~94 million as per Assets 31.03.2021, of which NOK0.8 million was restricted cash. Office equipment 51 56 Investments in subsidiaries 280 280 Equity rati
Slide 14: Cash flow statement
Cash flow statement Cash flow statement Cash development 01.01 - 31.03.2021 Unaudited 01.01- 01.01- Cash flow from operations amounted to -0.6 million NOK in NOK'000 31.03.2021 31.12.2020 Q1’21. The negative result was offset by the prepayment for Net income (3 322) (10 524) BOOST. Depreciation 5 15
Slide 15: Equity Statement
Equity Statement Changes in equity (Unaudited) Share Uncovered NOK'000 Share capital premium losses Total At 1st of January 2021 450 128 023 (28 307) 100 166 Profit/Loss for the period - - (3 322) (3 322) At 31 March 2021 450 128 023 (31 629) 96 844 For accounting principles, please refer to Annual
Slide 16: Appendix
Appendix Share information OCEAN SUN - CONFIDENTIAL
Slide 17: Share information
Share information About the Share Financial calendar Ocean Sun is since 26th of October 2020 listed on Event Date Euronext Growth Oslo under the ticker OSUN. Q1 report 03.05.2021 The listing price for Ocean Sun was NOK 18 kr per AGM 20.05.2020 share and the price as of 31 March 2021 was NOK Q2 Repor
Slide 18: www.oceansun.no
WWW.OCEANSUN.NO OCEAN SUN - CONFIDENTIAL