Vow Asa · OSL:VOW
Vow Asa — H1 2020 Earnings Presentation
15 slides from Vow Asa's earnings presentation, Aug 26, 2020
Slide 1: 1st Half Year Presentation
1 HALF YEAR ST PRESENTATION Henrik Badin, CEO Vow ASA Oslo, 26 August 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 Passionate about Converting biomass and waste into valuable preventing pollution and resources, renewables and clean energy giving waste value Customers in cruise and a wide range of land- based indu
Slide 4: Headlines 1H 2020
HEADLINES 1H 2020 Revenues Revenues, EBITDA and backlog at record highs NOK 248 Cruise segments drives overall earnings growth million 37 %1 Jan-Jun 2020 • Cruise segments combined deliver EBITDA of NOK 40 million, an increase of 42%1 • Cruise Projects doubled EBITDA year-on-year, while Aftersales E
Slide 5: Strong Revenue Growth
STRONG REVENUE GROWTH 248 181 25 147 23 117 13% 16 11% 9% 10% 11 1H 17 1H 18 1H 19 1H 20 1H 17 1H 18 1H 19 1H 20 1H 17 1H 18 1H 19 1H 20 Revenues EBITDA EBITDA margin (in NOK million) (in NOK million) (in %) before non-recurring items
Slide 6: Record High Order Backlog
63 % RECORD HIGH ORDER BACKLOG y-o-y 1 1 146 NOK 157 million announced in August 890 700 1 656 621 590 NOK 79 million 513 announced in August 330 207 160 1H 2018 2H 2018 1H 2019 2H 2019 1H 2020 1 Includes MSC Luxury class Order backlog Options contracts and options reported on (in NOK million – at e
Slide 7: Backlog for the Longer Term
BACKLOG FOR THE LONGER TERM Foundation for continued growth in the cruise market (8 newbuild supply awards YTD) 2020 2021 2022 2023 2024 2025 2026 2027 Scanship yard contractual partner Chantier De 2 2 1 2 2 2 1 1 13 Atlantique Fincantieri 3 4 5 4 2 3 2 1 24 Meyer 1 2 2 1 6 CSSC 1 1 Kleven 1 1 Numbe
Slide 8: Projects | Cruise
PROJECTS | CRUISE Revenues increased by 31 % year-on-year, driven by increased backlog and several system deliveries in the period Strong operational performance reflected in record- high EBITDA margin of 22 %, and increase of 98% year- on-year Order backlog secures revenues well into 2024/25 NOK 16
Slide 9: Aftersales | Cruise
AFTERSALES | CRUISE As previously communicated, aftersales segment has been affected by pandemic, as cruise voyages were cancelled to reduce spread of the Covid-19 virus Sales were reduced as access to ships was restricted. EBITDA margin is somewhat reduced, since most expenses are fixed Estimated n
Slide 10: Landbased
LANDBASED Growing demand for ETIA technology already reflected in increasing revenues Building organization and adding commercial, engineering and R&D capacity to respond to new opportunities and requests Several milestone contracts awarded for valorization of plastic waste and biomass, waste-sortin
Slide 11: Maturing Markets
MATURING MARKETS Society is increasingly concerned about the environmental footprint, CO2 emissions and reuse of materials Leading industry players are responding by exploring every opportunity to de-carbonize their value chains and recover valuable resources These trends are driving demand for Vow’
Slide 12: Landbased Application Milestones P1
LANDBASED APPLICATION MILESTONES P1 Industry vertical Recent achievements and ongoing projects Biomass & Waste Awarded SEK 20.8 million contract with NSR (Nordvästra Skånes Renhållnings AB) to produce biochar from green waste. Renewable energy produced from the plant will provide hot water at the fa
Slide 13: Landbased Application Milestones P2
LANDBASED APPLICATION MILESTONES P2 Industry vertical Recent achievements and ongoing projects Industry Delivered first in kind Biogreen pyrolysis plant to process 15K tons/year forestry waste into biocoke to replace fossil-based coke and coal in metallurgical industry. The plant will be commissione
Slide 14: Closing Remarks and Current Agenda
CLOSING REMARKS AND CURRENT AGENDA Strongest ever performance in cruise as the industry adjusts to the pandemic • Performance driven by organisational improvements, improved systems and strengthened engineering, procurement and project management capabilities All-time high order backlog • Growth in
Slide 15: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION Vow ASA | Lysaker Torg 12 | 1366 Lysaker | Norway | www.vowasa.com