Studsvik Ab · OMXSTO:SVIK
Studsvik Ab — Q2 2023 Earnings Presentation
18 slides from Studsvik Ab's earnings presentation, Jul 20, 2023
Slide 1: Interim Report, Q2 2023
x INTERIM REPORT, Q2 2023 CEO Camilla Hoflund July 20, 2023
Slide 2: Studsvik in Brief
STUDSVIK IN BRIEF Who we are GLOBAL TRENDS THE COMPANY Drivers for nuclear energy Innovating Nuclear Sustainability • Climate change Global presence • Energy need and shortage Sales 815 MSEK • Geopolitical situation 520 employees • Swedish Government more Listed on Nasdaq Stockholm Small Cap positiv
Slide 3: Quarter in Brief
QUARTER IN BRIEF • Good license revenues for the Scandpower business area. • New contract for waste treatment and decommissioning services on the Swedish market. • Delays in advancement of projects in the Fuel and Materials Technology business area. • Two new operations established on the Studsvik s
Slide 4: Group Summary
GROUP SUMMARY Quarter 6 months Full year Q2-2023 Q2-2022 2023 2022 2022 Sales, SEK million 213.6 203.1 402.4 390.9 814.8 Operating profit, SEK million 12.0 8.2 21.9 15.2 74.9 Operating profit 5.6 4.0 5.4 3.9 9.2 margin, % Stable second quarter with a favorable outlook • The operating profit and marg
Slide 5: Decommissioning and Radiation Protection Services
DECOMMISSIONING AND RADIATION PROTECTION SERVICES PROVIDING EXPERTISE & EXPERIENCE
Slide 6: Quarterly Overview
QUARTERLY OVERVIEW DECOMMISSIONING AND RADIATION PROTECTION SERVICES Quarter 6 months Full year Q2-2023 Q2-2022 2023 2022 2022 Sales, SEK million 94.4 86.2 177.0 149.5 292.7 Operating profit/loss, SEK 7.9 9.1 14.0 5.2 10.3 million Operating profit 8.3 10.5 7.9 3.5 3.5 margin, % Strong demand and mai
Slide 7: Focus Areas
FOCUS AREAS • The high demand for dismantling services on the German market is expected to continue. The focus is to recruit new employees and train them into dismantling projects. • Expand and combine services within decommissioning and waste handling, such as the example of the project with Oskars
Slide 8: Fuel and Materials Technology
FUEL AND MATERIALS TECHNOLOGY THE INTERNATIONAL LABORATORY
Slide 9: Quarterly Overview
QUARTERLY OVERVIEW FUEL AND MATERIALS TECHNOLOGY Quarter 6 months Full year Q2-2023 Q2-2022 2023 2022 2022 Sales, SEK million 72.5 84.7 146.7 168.6 322.9 Operating profit, SEK 2.8 10.8 12.9 25.2 52.5 million Operating profit 3.8 12.8 8.8 14.9 16.3 margin, % Production disruptions and delayed transpo
Slide 10: Focus Areas
FOCUS AREAS • For the near term, ensure stable operations and efficiency to be back on previous performance levels. • Solve the transport issues with customer, carrier and authorities to obtain necessary licenses for shipment in 2024. • Be responsive to market changes including, e.g. within the Smal
Slide 11: Scandpower
SCANDPOWER WORLD LEADING SOFTWARE
Slide 12: Quarterly Overview
QUARTERLY OVERVIEW SCANDPOWER Quarter 6 months Full year Q2-2023 Q2-2022 2023 2022 2022 Sales, SEK million 41.2 23.8 67.7 53.2 135.3 Operating profit, SEK 6.9 -4.8 6.9 -2.8 17.0 million Operating profit 16.8 neg 10.3 neg 12.6 margin, % Well positioned on a global market • Increased software licenses
Slide 13: Focus Areas
FOCUS AREAS • Increased interest for Small Modular Reactors (SMR:s) and support for regulatory licensing of software. • Development of the software portfolio such as upgrade from S3K to S5K, an application to our in-core fuel performance software, SIMULATE. • Continue to be the first point of contac
Slide 14: Waste Management Technology
WASTE MANAGEMENT TECHNOLOGY EFFICIENT WASTE HANDLING
Slide 15: Quarterly Overview
QUARTERLY OVERVIEW WASTE MANAGEMENT TECHNOLOGY Quarter 6 months Full year Q2-2023 Q2-2022 2023 2022 2022 Sales, SEK million 8.3 11.2 16.3 24.6 73.2 Operating profit, SEK -1.4 -3.8 -4.0 -6.5 5.7 million Operating profit neg neg neg neg 7.8 margin, % Environmentally safe and efficient technologies • T
Slide 16: Focus Areas
FOCUS AREAS • License sales with supporting advisory services for targeted markets such as USA, UK, Germany and Sweden. • inDRUM is a patented batch thermo-chemical system designed for the treatment of radioactive wastes to remove characteristics and reduce the volume to be able to ship and store th
Slide 17: In Summary
IN SUMMARY • The Group delivered at a stable profit level this quarter, even if the performance within the Group varies. • The outlook is favorable with many nuclear initiatives around the world to meet the electricity need. This is supported by the increased interest to expand nuclear power includi
Slide 18: Thanks for Listening!
x THANKS FOR LISTENING! 18