Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q3 2021 Earnings Presentation
20 slides from Kongsberg Gruppen Asa's earnings presentation, 2021
Slide 1: Investor presentation Q3 2021
Investor presentation Q3 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: Contracts signed in 4th quarter
Contracts signed in 4th quarter Joint Strike Missile (JSM) to Norway’s F-35 fleet Remote weapon systems (RWS) to U.S. Marine Corps WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 3
Slide 4: Highlights 3rd quarter
Highlights 3rd quarter • BNOK 15.3 order intake • BNOK 1.1 EBITDA and 17% margin • Industrial cooperation with Germany • High activity and order intake from offshore wind • Continued rollout of Kognitwin® and Vessel Insight • Committed to “Science Based Target Initiative“ WORLD CLASS – Through peopl
Slide 5: Important contracts awarded
Important contracts awarded Combat systems to new submarines and Wind turbine installation vessels (WTIV) Integrated systems inc. PM thrusters for NSM to Norway and Germany two new offshore wind vessels New assets and customers signed up on Deliveries to Copernicus mission Horizontal and vertical ta
Slide 6: Business update
Business update Kongsberg Maritime Kongsberg Defence & Aerospace Kongsberg Digital • Positive sentiment in new-build market • “All-time high” order intake, backlog and • Three new Vessel Insight fleet roll-out execution contracts • Sound demand for products and systems supporting “the green shift” •
Slide 7: Financial status
Financial status Gyrid Skalleberg Ingerø, EVP & Group CFO WORLD CLASS – Through people, technology and dedication KONGSBERG PROPRIETARY - See Statement of Proprietary information 7
Slide 8: Strong order intake and all-time-high backlog
Strong order intake and all-time-high backlog Order intake and backlog Revenue EBITDA (BNOK) Order backlog (BNOK) (BNOK, %) EBITDA margin 44.9 17.0% 15.8% 15.3 1.1 31.7 6.2 0.9 15% 5.8 7% 4.6 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 YTD; BNOK 28.5 YTD
Slide 9: Cashflow 3rd quarter 2021
Cashflow 3rd quarter 2021 ▪ Overview of cashflow in the quarter Comments (BNOK) ▪ Positive cashflow from operations 0.04 ▪ Share buy back program (0.15) (0.13) 6.55 (0.05) 0.00 1.05 5.79 Cash 01.07 EBITDA Change in PP&E and R&D Interest & Share Translation Cash 30.09 working capital repayments buy b
Slide 10: 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 11: KM delivers 1.3 book/bill in the quarter
KM delivers 1.3 book/bill in the quarter Order intake Order backlog (BNOK) Rolling 12 month order intake (BNOK) 17.0 12.9 11.8 11.4 11.5 11.7 2.9 2023 → 16.0 4.9 7.2 2022 3.4 41% 2.7 2021 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 YTD; BNOK 13.2 WORLD CLASS – Through people, technol
Slide 12: Positive trend in aftermarket and diversified order intake from new-builds
Positive trend in aftermarket and diversified order intake from new-builds Order intake from Global Customer Support YTD new-builds order intake by segments (BNOK) Other OPU 6% LNG 5% Seaborne & Pax 6% 26% 1.9 1.7 16% Offshore 7% Naval 8% 23% 19% Special Purpose Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q
Slide 13: Solid EBTIDA improvement in KM
Solid EBTIDA improvement in KM Revenue EBITDA (BNOK) Rolling 12 month revenue (BNOK, %) EBITDA margin % 15.0% 17.3 16.0 11.1% 3.7 3.7 0.6 1% 0.4 36% Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 YTD; BNOK 11.6 YTD; BNOK 1.4 WORLD CLASS – Through people, technology and dedication KONGSB
Slide 14: 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 15: Solid order intake and increased long-term backlog in KDA
Solid order intake and increased long-term backlog in KDA Order intake Order backlog (BNOK) Rolling 12 month order intake (BNOK) 22.1 31.2 10.3 24.5 23.5 23.1 18.8 18.8 2023 → 7.1 9.3 2022 1.0 3.1 2021 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 YTD; BNOK 14.8 WORLD CLASS – Through p
Slide 16: KDA continues with double digit revenue growth
KDA continues with double digit revenue growth Revenue EBITDA (BNOK) Rolling 12 month revenue (BNOK, %) EBITDA margin 9.7 24.5% 20.4% 8.4 2.3 1.9 0.5 0.5 17% -3% Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 YTD; BNOK 7.1 YTD; BNOK 1.4 WORLD CLASS – Through people, technology and dedic
Slide 17: 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 18: Positive development in KDI
Positive development in KDI Key figures Highlights (MNOK) ▪ Recurring revenue increased with 23% +20% from Q3 2020 to Q3 2021 221 185 Revenues ▪ Continued ramp-up to deliver on existing commitments and seize opportunities Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 ▪ Strong performance from real time drilling sof
Slide 19: Outlook
OUTLOOK KONGSBERG DEFENCE KONGSBERG KONGSBERG & AEROSPACE MARITIME DIGITAL Current backlog secures growth in 2021 Positive sentiment in new-building Continued roll-out of KOGNITWIN® and and 2022 Vessel Insight to existing and new Healthy order backlog coverage and customers Efficient operations and
Slide 20: 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