Slide 1: Second quarter 2024
Second quarter 2024 David Pagels, CEO Joakim Wahlquist, CFO
Slide 2: Cavotec in short
Cavotec in short - A leading cleantech company with close to 50 years of experience - Designs and delivers connection and electrification solutions - Enables the decarbonisation of ports, mines and other industrial applications - Large installed base globally provides an untapped potential for our s
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: Recent business progress
Recent business progress - Inauguration of our new facility in Chennai, India - Order signed for shore power with global shipping company worth about USD 5 million - Two-year service agreement signed with Port of Salalah for MoorMaster vacuum mooring units Inauguration in Chennai, India Slide 4
Slide 5: Recent business progress
Recent business progress - First MoorMaster units inaugurated in South America at DP World San Antonio in Chile Slide 5
Slide 6: Strong order intake with improved profitability and cash flow
Strong order intake with improved profitability and cash flow Order intake +11.0% EBIT EUR 2.4 m (1.2) Net profit Cash flow EBIT margin EUR 0.7 m (-0.9) EUR 5.0 m (-4.6) 5.5% (2.6) Strengthened financial position Slide 6
Slide 7: Revenue development reflects our project-driven business
Revenue development reflects our project-driven business - Revenue -7.0%, EUR 42.6 m (45.7) - Currency had no impact EUR m Revenue 60 - Revenue can fluctuate between quarters 50 depending on which projects have been 40 completed and milestones achieved 30 20 10 - Slide 7
Slide 8: Strong order intake driven by Ports & Maritime
Strong order intake driven by Ports & Maritime - Order intake +11.0%, EUR 40.3 m (36.3) - Driven by Ports & Maritime EUR m Order backlog - Order backlog -15.6%, EUR 118.3 m (140.3) 180 160 140 - Order backlog -1.9% from Q124 (EUR 120.6 m) 120 100 80 60 40 20 0 Slide 8
Slide 9: Steady EBIT improvement
Steady EBIT improvement - EBIT +101.5%, EUR 2.4 m (1.2) EUR m EBIT and EBIT margin - EBIT margin improved to 5.5% (2.6%) 5 14% 12% 4 - The steady improvement is a result of the 10% 3 8% successful work with the change programs in 2 6% Ports & Maritime 4% 1 2% - Unsatisfactory development in Industry
Slide 10: Positive net profit for the fourth consecutive quarter
Positive net profit for the fourth consecutive quarter - Net result improved to EUR 0.7 m (-0.9) EUR m Net result and EPS - Earnings per share, basic and diluted, improved to 3 0,04% 2 EUR 0.006 (-0.009) 1 0,02% 0 0,00% -1 -2 -0,02% -3 -4 -0,04% -5 -0,06% -6 -7 -0,08% -8 -9 -0,10% Net result, EUR mi
Slide 11: Good cash flow development and improved leverage ratio
Good cash flow development and improved leverage ratio - Operating cash flow improved to EUR 5.0 m EUR m Operating cash flow (-4.6) 6 - Increase due to improved results and working 4 capital 2 - Steady leverage ratio improvement to 0.82x from 0 1.09x in Q124 and 3.73x in Q2 2023 -2 - Working capital
Slide 12: Ports & Maritime – strong margin improvement year-over-year
Ports & Maritime – strong margin improvement year-over-year Revenue - Revenue -11.2%, EUR 25.6 m (28.8) EUR m 40 35 - Reflecting the project-driven business 30 25 - EBITDA +42.9%, EUR 2.7 m (1.9) 20 - EBITDA margin improved to 10.7% (6.7%) 15 10 5 0 EUR m EBITDA and EBITDA margin 7 30% 6 25% 5 20% 4
Slide 13: Industry – accelerating change programs
Industry – accelerating change programs Revenue - Revenue +0.2%, EUR 17.0 m (17.0) EUR m 20 18 - EBITDA +17.9% to EUR 0.9 million (0.7) 16 14 - EBITDA margin improved to 5.1% (4.3%) 12 10 8 - Continue to work with accelerating the 6 implementation of the strategic change programs 4 2 for increased e
Slide 14: Top priorities 2024
Top priorities 2024 Ports & Maritime Industry - Continue the execution of the change programs - Acceleration of the change programs - Improve efficiency - Recruitment of new division head - Untap the potential of the installed base Group-wide - Supply chain improvements - Product development - Focus
Slide 15: Good foundation for continued value creation
Good foundation for continued value creation - Continued high business activity with good order intake - Steadily improved profitability - Strong momentum in the organisation - Clear strategic priorities and efficient change programs to build a stronger Cavotec - A key player in the transition to a
Slide 16: Q&A
Q&A Third quarter report 8 November Slide 16