Kongsberg Gruppen ASA · OSL:KOG
Kongsberg Gruppen ASA — Q1 2007 Earnings Presentation
14 slides from Kongsberg Gruppen ASA's earnings presentation, May 9, 2007
Slide 1: General summary Q1
General summary Q1 Operating revenues up 10.1 per cent Operating profit (EBITA) up 66.7 per cent Operating margin up from 5.5 per cent to 8.4 per cent New orders climbed by 87.7 per cent Foundation laid for a high influx of new orders in Q2 Defence & Aerospace Offshore & Merchant Marine Increase in
Slide 2: Financial status at Q1 2007
Financial status at Q1 2007 Operating revenues and EBITA by quarter Operating revenues by quarter Q1 operating revenues in 2500 2007 were 10.1% higher than 2068 2000 1683 1853 in Q1 2006 1567 1500 1402 1000 500 The operating profit (EBITA) 0 climbed by MNOK 62 (66.7%) Q1 Q2 Q3 Q4 2006 2007 EBITA by
Slide 3: New orders, backlog and cash flow
Financial status at Q1 2007 New orders and backlog of orders New orders 3000 2 754 New orders for the Group in 2500 2 462 Q1 added up to MNOK 2 754 2000 1 929 1 814 (up 87.7%) 1 467 1500 1000 500 0 The backlog of orders is continuing to rise 1 2 3 4 Q Q Q Q 2006 2007 – Up MNOK 1 049 (16.2%) since Ne
Slide 4: Key figures
Financial status at Q1 2007 Key figures MNOK Q1 07 Q1 06 2006 EBITA margin: Group 8.4 % 5.5 % 6.9 % Offshore & Merchant Marine 10.8 % 7.7 % 9.3 % Defence & Aerospace 5.4 % 3.8 % 6.1 % Earnings per share 2.94 1,70 8.30 Net interest-bearing debt/ 1.1 0.7 0.5 EBITDA Equity ratio 23.6 % 23.9 % 22.9 % Ne
Slide 5: Defence & Aerospace performance trends
Defence & Aerospace Performance trends Operating revenues by quarter 1200 1035 Remote weapons systems continue to 1000 791 793 contribute strongly to revenues and 800 639 profits 600 532 400 200 Operating revenues 0 Q1 Q2 Q3 Q4 At the same level as in Q1 2006 2006 2007 Operating profit (EBITA) EBITA
Slide 6: Defence & Aerospace: important contracts signed in Q1
Defence & Aerospace The market in Q1 2007 – a strong influx of new orders and exciting opportunities Several important contracts signed in Q1 – A contract with the Finnish Armed Forces for the delivery of hydrographic equipment and systems integration – A framework agreement with Northrop Grumman an
Slide 7: Offshore & Merchant Marine
Offshore & Merchant Marine New orders and backlog of orders New orders 1800 1600 1638 Continued strong influx of 1400 new orders for the 1173 1200 1000 1068 1085 1082 business area 800 600 400 9th consecutive quarter of 200 backlog growth 0 1 2 3 4 Q Q Q Q 2006 2007 Relatively long-term backlog of o
Slide 8: Further opportunities for Protector RWS
Agenda Financial status at Q1 2007 The business areas – status and prospects for the future Updates Shares and shareholders Appendix KONGSBERG 9 May © KONGSBERG, 26 2007 August 2003 16 Further opportunities for Protector RWS ”Protector goes to sea” Protector KONGSBERG currently has two versions of t
Slide 9: HUGIN and fighter aircraft
HUGIN Many possible applications – civilian and military alike What is HUGIN? Autonomous Underwater Vehicle Guided inter alia by sound waves (hydroacoustics) HUGIN has both civilian and military applications – Seabed surveying – Mine-hunting Major contracts KONGSBERG concluded a contract with India
Slide 10: Prospects for the future
Prospects for the future Continued boom in KONGSBERG's maritime markets The attention devoted to the offshore market will continue in 2007 and KONGSBERG's share of earnings from this market is expected to increase In the market for merchant vessels, shipyards are experiencing high capacity utilisati
Slide 11: Ownership structure
Ownership structure 20 largest shareholders (at 3 May 2007) Distribution of shareholders Shareholders # shares Stake ∆ 2007 Norwegian 1 Norwegian State repr. by Ministry of Trade and Industry15 000 400 50,00 % - state 2 Folketrygdfondet 2 722 060 9,07 % - 50 % Sec urities 3 Arendals Fossekompani ASA
Slide 12: Financial status at 31 March 2007: income statement
Agenda Financial status at Q1 2007 The business areas – status and prospects for the future Updates Shares and shareholders Appendix KONGSBERG 9 May © KONGSBERG, 26 2007 August 2003 24 Financial status at 31 March 2007 Income statement MNOK Q1-07 Q1-06 2006 Operating revenues 1 853 1 683 6 720 Opera
Slide 13: Balance sheet and foreign exchange
Financial status at 31 March 2007 Balance sheet MNOK 31 March 07 31 Dec. 06 31 March 06 Tangible fixed asset 1 071 1 068 994 Intangible assets 1 709 1 358 1 131 Other non-current assets 399 380 274 Total non-current assets 3 179 2 806 2 399 Current assets 4 119 3 839 3 650 Bank deposits and cash equ
Slide 14: Board of Directors, Financial Calendar and IR contacts
The Board of Directors of Kongsberg Gruppen ASA Finn Jebsen(57), Chair of the Board Siri Hatlen (49), Director Self-employed Self-employed CEO of Orkla from 2001 to 2005 Others directorships: Chair of the Board of Health Member of Orkla's corporate management since 1984 East, SIFA SF, the State Educ