Vow Asa · OSL:VOW
Vow Asa — Q3 2020 Earnings Presentation
15 slides from Vow Asa's earnings presentation, Oct 27, 2020
Slide 1: Q3 Trading Update
Q3 TRADING UPDATE Henrik Badin, CEO Vow ASA Oslo, 27 October 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 Technologies and solutions that prevent pollution, enhance circular economy and mitigate climate change Passionate about preventing pollution and Converting biomass and waste into valuable giving waste value resources, renewables and clean energy Customers in cruise and a wide range
Slide 4: Q3 Headlines
Q3 HEADLINES Strong performance with EBITDA doubling in Cruise Revenues Projects. Interest for landbased solutions firms up NOK 98 +11%1 million Group revenues was up 11 % from last year to NOK 98 million, of which Cruise Projects delivered NOK 70 million Cruise Projects more than doubled EBITDA to
Slide 5: Key Financials | Group
+68 % KEY FINANCIALS | GROUP y-o-y 619 Options +11 % y-o-y 132 116 110 98 -12 % 330 88 89 y-o-y 1082 Backlog 14 12 12 11 11 11 644 Q2 Q3 Q4 Q1 Q2 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2019 2020 2020 2020 2019 2019 2019 2020 2020 2020 2019 2019 2019 2020 2020 2020 Revenues EBITDA Order bac
Slide 6: Market and Business Update
MARKET AND BUSINESS UPDATE Q3 Trading Update
Slide 7: Main Drivers
MAIN DRIVERS ECONOMICAL POLICIES TECHNOLOGY Cost of capital, carbon tax and National and international law Engineers, entrepreneurs and rising consumer concerns drives makers and governments are industrialists are bringing down the business towards sustainable pushing for new legislation and cost of
Slide 8: Strong Pull for Our Solutions
STRONG PULL FOR OUR SOLUTIONS Sustainable Reduction of CO2 emissions Safe & tourism Enhancing circular economy and preventing pollution Sustainable food Biomass & Clean Ship Industry De- Plastic Waste End of Life Waste Sorting Food Waste Solutions carbonization Valorization Tires Robotics (AI) safet
Slide 9: Projects | Cruise
PROJECTS | CRUISE Newbuild projects continue at full speed at yards, relatively unaffected by the Covid-19 pandemic YTD revenues increased by 29.6 % year-on-year, supported by strong backlog and several system deliveries in the period Strong operational performance resulted in record-high EBITDA mar
Slide 10: 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 11: Aftersales | Cruise
AFTERSALES | CRUISE Covid-19 pandemic has rendered most cruise ships inactive, resulting in low demand for spares and chemicals in Aftersales Aftersales is recurring business. In a normal year, year-to-date EBITDA would have been around NOK 19 million higher. Large installed base represent a solid b
Slide 12: Landbased
LANDBASED Landbased revenues were in line with previous quarters and EBITDA continues to gradually improve Continues to build capacity within commercial, engineering and R&D to respond to new opportunities and requests, and pipeline of prospective clients and projects is firming up In October, Vow a
Slide 13: Landbased Project Milestones in Q3
LANDBASED PROJECT MILESTONES IN Q3 Biomass and Lindum Industry de- Envigas waste Start-up of MAP and Biogreen pyrolysis Installing Biogreen equipment, which will carbonization valorization units and delivery of new dryer system convert forestry waste into renewable coke Biomass and waste Biomass and
Slide 14: Solid Foundation for Continued Growth
SOLID FOUNDATION FOR CONTINUED GROWTH Strong operational and financial performance in Cruise Projects, Aftersales marked by Covid-19 Order backlog above the one-billion mark provides visibility well into 2023/24 Sufficiently capitalized for further organic growth with positive cashflows from project
Slide 15: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION Vow ASA | Lysaker Torg 12 | 1366 Lysaker | Norway | www.vowasa.com