Vow Asa · OSL:VOW
Vow Asa — Q3 2022 Earnings Presentation
17 slides from Vow Asa's earnings presentation, Oct 27, 2022
Slide 1: Trading Update Q3 2022
TRADING UPDATE Q3 2022 Henrik Badin, CEO Vow ASA Oslo, 27 October 2022
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: About Us
ABOUT US Cruise market leader in wastewater purification and valorisation of waste Providing technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy Proven ability to continually develop and
Slide 4: Well established and with a proven delivery model
WELL ESTABLISHED AND WITH A PROVEN DELIVERY MODEL 117 4450+ 144 Net-zero ambition by 2025 patents systems systems in backlog to be delivered 209 tCO2e in within 17 families of patents installed1 over the next 3-5 years Scope 1 and 2 45 244 0 25% proprietary employees gender equality technologies wit
Slide 5: Financials and Operations
FINANCIALS AND OPERATIONS
Slide 6: First nine months | Key takeaways
FIRST NINE MONTHS | KEY TAKEAWAYS Revenues and profits continue to grow, order backlog YTD Revenues stable at record high level +98% 594 y-o-y Revenues year-to-date doubled compared with previous year million Profits improved significantly. EBITDA increased from 28 million year-to- date in 2021 to 7
Slide 7: Key Financials | Group (by quarter)
2 189 2 133 KEY FINANCIALS | GROUP 217 29,7 863 Options By quarter 849 194 25,1 183 23,6 155 108 79 76 1 326 Backlog 52 1 284 15,1 98 12.9% 21 29 32 20 Landbased 22 11.0% Aftersales 14 86 Cruise projects 83 81 82 8,1 62 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q3 21 Q4 21 Q1 22 Q2
Slide 8: Key Financials | Group (rolling 12 months)
2 189 2 133 KEY FINANCIALS | GROUP 748 863 Options Rolling 849 12 months 652 91 543 314 77 258 454 1 326 Backlog 413 167 57 1 284 108 83 101 Landbased 83 44 65 Aftersales 41 52 40 12.2% 312 312 333 Cruise projects 290 294 11.0% Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q3 21 Q4 21
Slide 9: All profitable business segments
ALL PROFITABLE BUSINESS SEGMENTS EBITDA margin and share of group revenue in Q3 2022 LANDBASED CRUISE AFTERSALES Significant growth in Continued strong performance Back at pre-pandemic levels revenues and profit and solid backlog 15.1% 41% 22.0% 42% 11.2% 17% EBITDA margin EBITDA margin EBITDA margi
Slide 10: Landbased
BioCarbon is becoming increasingly relevant as reduction agent in metals industry. Vow and Vow Green Metals are busy LANDBASED with numerous concept studies and project development work for potential customers across Europe. Construction and delivery of contracted equipment progressing as planned, a
Slide 11: Projects | Cruise
Royal Caribbean’s Icon of the Seas will be heading to sea in January 2024. With Scanship MAP pyrolysis onboard, waste and wastewater residuals PROJECTS | CRUISE will be converted to clean energy and biochar Projects progress according to plan, generating steady revenues, profits and cashflows Backlo
Slide 12: Aftersales | Cruise
AFTERSALES | CRUISE New ships to be added to Aftersales activity back at pre- Vow’s installed base by year pandemic level, and recurring revenues expected to increase Backlog 33 32 million million 3 as installed continues to grow Options Another 40 ships with 6 Scanship equipment inside will 11 5 9
Slide 13: Market and Outlook
MARKET AND OUTLOOK
Slide 14: Global trends and recent events that drive demand for our solutions
GLOBAL TRENDS AND RECENT EVENTS THAT DRIVE DEMAND FOR OUR SOLUTIONS Industry looking for future-proof Economic solutions realities Self-sufficiency Cost of emissions Energy security Cost of energy Supply chain control Photo: AP Government EU natural gas prices 2021- to date Circular policies and Nav
Slide 15: Current four focus areas
CURRENT FOUR FOCUS AREAS Vow technology is relevant across a wide range of applications Responding to Vow Green Metals, Cruise industries’ need for Circular economy Elkem and other metal clean and reliable producers energy, and EU targets for renewable gas Waste to energy, Green extending our Biogas
Slide 16: Summary
Inspecting equipment before shipment to customers in Norway and Spain respectively SUMMARY Revenues and profits continued to grow in all segments, generating positive cashflows Fourfold growth in Landbased, Aftersales back at pre- pandemic levels, and continued high activity in Cruise Projects Order
Slide 17: We make it happen
ENABLING A FOSSIL-FREE FUTURE WE MAKE IT HAPPEN