Slide 1: Fourth quarter 2024
Fourth quarter 2024 David Pagels, CEO Joakim Wahlquist, CFO
Slide 2: Cavotec in short – 50 years of innovation
Cavotec in short – 50 years of innovation - A leading cleantech company with 50 years of experience - Designs and delivers connections, automation and electrification solutions - Enables decarbonisation of ports, mines and other industrial applications - Large installed base globally provides an unt
Slide 3: Strong position in a market driven by megatrends and regulations
Strong position in a market driven by megatrends and regulations Leading technology and Megatrends Regulations market position Market driven by the need to Increasing regulations from Leading technology and reduce greenhouse gases and authorities to reduce position in prioritised market noise pollut
Slide 4: Our business segments
Our business segments Ports & Maritime Share of revenue World-leading solutions for ports, ships and other marine applications Unique systems for automated mooring, shore power, crane 63% electrification, and connection and charging systems, significantly improving the environment in ports worldwide
Slide 5: Recent business wins
Recent business wins - Shore power orders worth EUR 17.5 million in total - Two Mediterranean ports, EUR 6.5 million - Three Italian ports, EUR 7 million - Global shipping company, EUR 4 million - Order for automated mooring system for Port of Dublin - Order with Qwello for 1,000 spring cable reels
Slide 6: Recent strategy progress
Recent strategy progress - Steady EBIT improvement EUR m EBIT and EBIT margin 5 14% - Multiple margin improvement projects ongoing 12% 4 10% - Change programs in Ports & Maritime successful 3 8% - Acceleration of change programs in Industry 2 6% 4% 1 - Investing in product development – product laun
Slide 7: Strong order intake, higher order backlog and increased EBIT margin
Strong order intake, higher order backlog and increased EBIT margin Order intake +51.1%, EUR 61.4 million Order backlog Adjusted EBIT Net profit EUR 126.4 m margin 2024 +2.3% 8.3% (7.6) EUR 3.8 m (0.2) Slide 7
Slide 8: Stable revenue improvement in 2024
Stable revenue improvement in 2024 EUR m Revenue 60 - Q424: Revenue -15.1%, EUR 45.4 m (53.5) 50 40 - No impact from currency effects 30 - 2024: Revenue -3.2%, EUR 175.0 m (180.7) 20 10 - Currency effects -3.0% - Revenue geo split 2024 Europe Asia Pacific Americas Slide 8
Slide 9: Strong order intake and backlog development
Strong order intake and backlog development EUR m Order intake 70 - Q424: Order intake 51.1%, EUR 61.4 m (40.7) 60 - Strong demand across both segments 50 40 - 2024: Order intake 13.0%, EUR 177.8 m (157.4) 30 20 - Project-driven business - order intake can 10 fluctuate between quarters depending on
Slide 10: Stable EBIT improvement
Stable EBIT improvement - Q424 EUR m EBIT and EBIT margin - Adjusted EBIT -6.6%, EUR 3.8 m (4.0) 5 14% 12% - Adjusted EBIT margin improved to 8.3% 4 10% (7.6%) 3 8% 6% 2 - 2024 4% 1 2% - Adjusted EBIT 54.1% to EUR 11.1 m (7.2) 0 0% -2% - Adjusted EBIT margin improved to 6.4% -1 -4% (4.0%) -2 -6% - A
Slide 11: Net profit EUR 4.0 m in 2024
Net profit EUR 4.0 m in 2024 - Q424: Net profit -30.5% to EUR 1.6 m (2.4), impacted EUR m Net result and EPS by taxes 3 0.04% 2 - 2024: Net profit 2133% to EUR 3.8 m (0.2) 1 0.02% 0 0.00% - Q424: Earnings per share, basic and diluted, -31.8% -1 -2 -0.02% to EUR 0.015 (0.022) -3 -4 -0.04% - 2024: Ear
Slide 12: Cash flow decreased but leverage ratio improved year-over-year
Cash flow decreased but leverage ratio improved year-over-year - Q424: Operating cash flow EUR 2.3 m (5.2) EUR m Operating cash flow - 2024: Operating cash flow EUR 6.2 m (1.9) 6 4 - 2024: Net debt decreased to EUR 15.2 m (18.6) 2 - Leverage ratio improved to 0.91x from 1.29x 0 - Working capital con
Slide 13: Ports & Maritime – profitability improvement in 2024
Ports & Maritime – profitability improvement in 2024 EUR m Revenue - Q424: Revenue -14.4%, EUR 29.9 m (34.9) 40 35 - No currency impact 30 25 - 2024: Revenue -4.2% to EUR 109.9 m (114.7) 20 15 - Currency impact -0.2% 10 - Q424: EBITDA -23.4%, EUR 4.6 m (6.0) 5 0 - EBITDA margin 15.4% (17.2%) EUR m E
Slide 14: Industry – initiatives ongoing to improve growth and profitability
Industry – initiatives ongoing to improve growth and profitability EUR m Revenue - Q424: Revenue -16.6%, EUR 15.6 m (18.6) 20 18 - Currency impact 0.1% 16 14 12 - 2024: Revenue -1.5%, EUR 65.0 m (66.0) 10 8 - Currency impact -0.2% 6 4 - Q424: EBITDA EUR 0.6 m (0.6) 2 0 - EBITDA margin improved to 4.
Slide 15: Key strategic priorities
Key strategic priorities - Continued execution of the change programs, especially in Industry - Continued sourcing and supply chain improvements - Increased focus on product development and innovation – product launches 2025 - Untap the service potential in the installed base - Focus on working capi
Slide 16: Good foundation for continued value creation
Good foundation for continued value creation - Good underlying market demand and business activity - Strong momentum in the organisation – new Cavotec Management Team in place - Steadily improved profitability - Clear strategic priorities and efficient change programs to build a stronger Cavotec - A
Slide 17: Q&A
Q&A First quarter report 25 April Slide 17