Slide 1: Q1 Trading Update
Q1 TRADING UPDATE Henrik Badin, CEO Vow ASA Oslo, 28 April 2020
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: Vow at a Glance
VOW AT A GLANCE World leading technology and solutions that bring an end to waste and stop pollution Converting biomass and waste into valuable resources and generating clean energy Passionate about Customers in cruise, aquaculture and a wide preventing pollution and range of land-based industries g
Slide 4: Highlights for the First Quarter
HIGHLIGHTS FOR THE FIRST QUARTER Growth in revenues, mainly due to inclusion of ETIA Revenues Scanship (Projects and Aftersales) reported NOK 14.9 million EBITDA NOK 116 combined and record high margin at 16.1 % million 24 % ETIA (Landbased) reported satisfactory gross margins. EBITDA slightly negat
Slide 5: In These Covid-19 Times
IN THESE COVID-19 TIMES R&D Asker Vow HQ Supply chain has proven Oslo to be robust Scanship Aftersales activities increasingly affected Tønsberg as covid-19 restrictions take hold Some shipyards temporarily closed, ETIA Scanship Gdynia projects progress mainly as planned Paris Scanship aftersales hu
Slide 6: Profitable Growth
PROFITABLE GROWTH 24 % 26 % unchanged y-o-y y-o-y y-o-y 116 110 93 88 89 13% 14% 12% 12% 14 10% 11 12 12 11 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2019 2019 2019 2019 2020 2019 2019 2019 2019 2020 Revenues EBITDA EBITDA margin (in NOK million) (in NOK million) (in %) E
Slide 7: High Order Backlog
HIGH ORDER BACKLOG 43 % y-o-y 975 890 680 700 680 644 590 330 330 295 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Order backlog Options (in NOK million – at end of period)
Slide 8: Backlog for the Longer Term
BACKLOG FOR THE LONGER TERM Foundation for continued growth in the cruise market 2020 2021 2022 2023 2024 2025 2026 2027 Scanship yard contractual partner Chantier De 2 3 2 2 2 1 1 13 Atlantique Fincantieri 3 4 5 3 1 2 18 Meyer 1 2 1 1 5 CSSC 1 1 Kleven 1 1 Number of vessel deliveries with Scanship
Slide 9: Select Landbased Projects and Status
SELECT LANDBASED PROJECTS AND STATUS Project Delivery and vertical Status Unipetrol Plastic to liquid fuel • Project for recycling plastic and polymeric waste into liquid fuel • Contract signed in March 2020 NSR1 Waste valorization • Ongoing project in Sweden (Helsingborg) Turning urban garden waste
Slide 10: Concluding Remarks
CONCLUDING REMARKS First quarter 2020 was another quarter with strong performance and profitable growth. Record margins in Scanship segments Several new milestone awards on land, order backlog reached all-time-high Overall progress in projects mostly unaffected by the covid-19 pandemic, activity in
Slide 11: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION Vow ASA | Lysaker Torg 12 | 1366 Lysaker | Norway | www.vowasa.com