Slide 1: Q1 2017 Presentation
Q1 2017 Presentation April 27, 2017
Slide 2: Challenges in North America & Europe
Challenges in North America & Europe Mixed picture Europe Strong growth in Asia Cost focus in North America • Profitability issues • New reactors • Profitability issues • Cost reduction initiatives • China, Russia and Korea investing • Nuclear promise – reduce cost 30 % • Germany phasing out • Japan
Slide 3: Investments in Asia; Europe & North America focus on lifetime extension and decommissioning
Investments in Asia Europe & North America focus on lifetime extension and decommissioning 160 150 150 140 130 120 120 120 100 90 80 72 60 45 38 40 25 20 17 20 15 6 4 0 Operational Under construction Planned/ordered Operational >25 year Closed 1996-2016 Europe N America Asia 2017-04-27 Q1 2017 Prese
Slide 4: Advanced Engineering & Consultancy
FUEL & MATERIALS NUCLEAR ANALYSIS CONSULTANCY & TECHNOLOGY SOFTWARE & SERVICES ENGINEERING Fuel, Material & Water Fuel & Reactor Mgmt Waste Mgmt Chemistry Software Leading innovation driving sustainable nuclear solutions Improving efficiency, reducing cost and risk Advanced Engineering & Consultancy
Slide 5: Financial performance
Financial performance January-March January-March Full year 2017 2016 2016 Sales, SEK million 179.6 171.6 758.8 Gross margin,% 28.4 29.1 29.5 Operating Profit, SEK million -2.0 10.7 24.7 Operating margin, % -1.1 6.3 3.2 Profit after net financial items, SEK million -9.4 2.1 8.3 Profit per share afte
Slide 6: Analysis of key ratio development Q1
Analysis of key ratio development Q1 • Sales increased with 5 percent to SEK 180 (172) million • Gross margin decreased 28.4 (29.1) percent • Operating profit decreased to SEK -2 (11) million • Operating margin was -1.1 (6.3) percent • Restructuring costs of SEK 4 million impacted the result negativ
Slide 7: Financial performance
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Financial performance January-March January-March Full year 2017 2016 2016 Sales, SEK million 103.4 109.6 448.4 Operating Profit, SEK million 1.6 12.2 14.0 Operating Profit margin, % 1.5 11.1 3.1 Investments, SEK mi
Slide 8: Operational highlights
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Operational highlights • Sales down with 6 percent to SEK 103 (110) million • Operating profit decreased to SEK 2 (12) million • Operating margin decreased to 2 (11) percent • Restructuring costs in Germany and UK i
Slide 9: Key Offerings – Consultancy Services
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower K E Y O F F E R I N G S – C O N S U LTA N C Y S E RV I C E S Radioactive Waste Safety, Analysis, Radiation Safety and Management Licensing and Protection Strategy Planning Nuclear Environmental Engineering Decommiss
Slide 10: Financial performance
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Financial performance January-March January-March Full year 2017 2016 2016 Sales, SEK million 52.5 43.5 196.3 Operating Profit, SEK million 5.8 8.0 29.7 Operating Profit margin, % 11.0 18.4 15.1 Investments, SEK mil
Slide 11: Operational highlights
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower Operational highlights • Increased sales with 21 percent to SEK 52 (43) million • Operating profit amounted to SEK 6 (8) million. • Restructuring costs impacted the result with SEK minus 0.3 (0) million in Q1 • Oper
Slide 12: Key Offerings – Fuel & Materials Technology
Business Area Consultancy Services Fuel and Materials Technology Studsvik Scandpower K E Y O F F E R I N G S – F U E L & M AT E R I A L S T EC H N O LO GY Fuel Qualification Plant Life Hot Cell Technology Management Final Storage Fuel Qualification – Transport of Studsvik Alara Research Accident Tol
Slide 13: Financial Performance
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Financial Performance January-March January-March Full year 2017 2016 2016 Sales, SEK million 19.7 18.0 96.3 Operating Profit, SEK million -3.6 -2.7 2.8 Operating Profit margin, % -18.3 -15.0 2.9 Investments, SEK m
Slide 14: Operational highlights
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower Operational highlights • Sales up with 9 percent to SEK 20 (18) million • Operating profit decreased to SEK -4 (-3) million • Operating margin amounted to -18 (-15) percent • Costs for increased sales & marketing a
Slide 15: Key Offerings – Studsvik Scandpower
Business Area Consultancy Services Fuel- and Materials Technology Studsvik Scandpower K E Y O F F E R I N G S - S T U D SV I K S C A N D P O W E R Software Products Engineering Services Customer Support Education and training 2017-04-27 Q1 2017 Presentation 15
Slide 16: Studsvik 2017: Leading Innovation Driving Sustainable Nuclear Solutions
STUDSVIK 2017: Leading Innovation Driving Sustainable Nuclear Solutions 3 Businesses Unique resources Niche focused World leading 70 years of experience Passion and competence 2017-04-27 Q1 2017 Presentation 16
Slide 17: Well positioned with a new commercially focused organization and a stronger balance sheet
Well positioned with a new commercially focused organization and a stronger balance sheet FOCUS 2017 – Sales & Business Development • Growth Fuel & Materials Technology • Improve Profitability for Studsvik Scandpower • Growth Consultancy Services • Selection Strategic Direction Germany • R&D New Fue
Slide 18: Appendix
Appendix
Slide 19: Balance sheet
Balance sheet March 2017 March 2016 December 2016 Assets Non-current assets 444.8 401.1 447.1 Current assets 449.3 372.9 453.9 Assets in operations held for sale - 275.3 - Total assets 894.1 1,049.3 901.0 Equity and liabilities Equity 340.3 285.0 348.1 Non-controlling interest 0.4 0.3 0.4 Non-curren
Slide 20: Studsvik
Studsvik