Ovzon Ab · OMXSTO:OVZON
Ovzon Ab — Q1 2025 Earnings Presentation
18 slides from Ovzon Ab's earnings presentation, Apr 24, 2025
Slide 1: Interim report Q1 2025
Interim report Q1 2025 Per Norén CEO Viktor Bremer Interim CFO
Slide 2: Ovzon at a glance
Ovzon at glance FACTS MISSION FINANCIALS • Founded in Sweden 2006 Connecting REVENUE PER QUARTER, MSEK • Listed on Nasdaq, Stockholm, 120 107 Sweden • Main operations in Sweden and the world’s 100 80 95 90 critical missions 65 67 USA with international 60 customers and partners via satellite 40 • Of
Slide 3: The accelerating urgency and demand for satellite communications
The accelerating urgency and demand for satellite communications GEOPOLITICAL TENSION CYBER SECURITY DIGITALIZATION CLIMATE CHANGE 6G Ovzon / Interim report Q1 2025 2025-04-24 3
Slide 4: Ovzon value proposition
Ovzon value proposition proposition Integrated SATCOM Ovzon provides solutions unique for critical SATCOM missions solutions with market leading performance, mobility and resiliency. We enable critical missions for defense, national security and public safety customers. SPACE SEGMENT MOBILE SATELLIT
Slide 5: Ovzon use cases
Live radar sharing Ovzon Secure Reliable broadband for Secure broadband connections transport aircraft for fast aircraft at sea Fast data for boats and ships Works even through helicopter rotors Stable link for remote- controlled vessels Connected headquarters Support for small drones Internet acces
Slide 6: Our unique SATCOM solutions
Our unique SATCOM solutions Mission critical Critical communication – requirements GEO – Ovzon for reliability and resiliency drive value per unit Mass market services for both consumers and enterprise/government users – price sensitive LEO – Starlink, OneWeb, etc Different services (positioning ser
Slide 7: Q1 accomplishments
Q1 accomplishments Continued strengthened profitability During the quarter • Ovzon participates in major strategic 6GSAT research initiative • Renewal for delivery of SATCOM-as-a-Service to the Italian Fire and Rescue Services • André Löfgren appointed as new CFO effective May 1, 2025 • Extended and
Slide 8: Full delivery of Ovzon's largest order to date
Full delivery of Ovzon’s largest order to date • 12-month contract of 185 MSEK (17 MUSD) from Swedish Space Corporation (SSC) • Includes an integrated SATCOM solution based on Ovzon 3, including mobile satellite terminals and satellite services • Majority of terminals delivered in Q4 2024, remaining
Slide 9: Successful expedition proves Ovzon services in the Arctics
Successful expedition proves Ovzon services in the Arctics • Successful High North expedition, showcasing resilient SATCOM in Arctic conditions • The mission validated Ovzon 3, Ovzon T6, and Ovzon T7 satellite performance and reliability • Arctic conditions challenge GEO satellites and small termina
Slide 10: Continued strong order book
Continued strong order book ORDER INTAKE (MUSD) ORDER BOOK (MUSD) 20,0 19,0 60 17,8 31,3 18,0 50 16,0 49 25,0 14,0 47 40 22,0 12,0 11,1 40 19,1 10,0 35 30 8,0 30 13,2 20 6,0 4,0 2,2 10 2,0 0,9 0,0 0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 QTD R12 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 • Order intake in the quarter tot
Slide 11: Improving recurring SATCOM service revenue
Improving recurring SATCOM service revenue REVENUE (MSEK) RUN RATE REVENUE (MSEK)* OVZON SATCOM SERVICES 107 99 101 322 95 330 307 305 100 91 90 78 78 280 252 259 255 247 73 233 230 75 69 67 217 223 65 230 57 180 50 145 130 25 80 30 0 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24
Slide 12: Continued increase in EBITDA
Continued increase in EBITDA EBITDA AND EBITDA MARGIN (MSEK) EBIT AND EBIT MARGIN (MSEK) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 22 22 22 22 23 23 23 23 24 24 24 24 25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 30 20% 22 22 22 22 23 23 23 23 24 24 24 24 25 0 20 17 18 10% 12 0% 10 -10 -10% 0 -20% -20 -16
Slide 13: Strong operating cash flow
Strong operating cash flow CASH FLOW FROM OPERATIONS (MSEK) CASH FLOW FROM INVESTMENTS (MSEK) NET DEBT (MSEK) 80 150 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 700 636 649 629 66 60 22 22 22 23 23 23 23 24 24 24 24 25 60 600 561 100 20 - 520 40 - 100 500 433 410 50 -30 379 20 10 6 - 200 400 1 0 - -80 300 -
Slide 14: Remaining investment in the Ovzon 3 program
Remaining investment in the Ovzon 3 program MSEK Comments 70 Estimated investment* 2025: 50 MSEK 60 50 Contractual investment* 2025-2033: 60 MSEK Excluding interest, see note 11 in interim report 41 40 30 20 11 11 11 11 11 10 5 0 0 0 *Amounts are subject to variations in currency rates 2025 2026 202
Slide 15: Improved momentum in revenue and EBITDA growth
Improved momentum in revenue and EBITDA growth ORDER INTAKE (MSEK) REVENUE (MSEK) 250 600 120 107 400 179 209 95 350 500 100 90 200 300 400 80 67 65 250 150 118 60 200 300 100 150 200 40 100 50 22 100 20 10 50 - - 0 0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 QTD R12 QTD R12 EBITDA
Slide 16: Going forward
Going forward DELIVER FINANCIAL PERFORMANCE • Increase order intake • Revenue growth • Improve EBITDA • Positive cash-flow ENSURE COMMERCIAL SUCCESS • Make every customer a reference • Fully utilize Ovzon 3 • Focus on core market segments • Focus on relevant geographies ACTIVELY SCALE UP • Customers
Slide 17: A new world order
A new world order Ovzon / Interim report Q1 2025 2025-04-24 17
Slide 18: Thank you!
Ovzon Thank you! aE)