Kongsberg Gruppen ASA · OSL:KOG

Kongsberg Gruppen ASA — Q3 2002 Earnings Presentation

12 slides from Kongsberg Gruppen ASA's earnings presentation, 2002

  1. Slide 1: Kongsberg Gruppen ASA Q3 2002

    Kongsberg Gruppen ASA Q3 2002 WORLD CLASS - through people, technology and dedication 2 1

  2. Slide 2: Agenda

    Agenda ƒ Highlights ƒ Results ƒ Prospects for 2002 3 Highlights 4 2

  3. Slide 3: Key figures for Q3 2002

    Key figures for Q3 2002 ƒ Operating revenues MNOK 5 138 (up 17 % on the year) ƒ EBITA: MNOK 343 (MNOK 310) ƒ EBIT: MNOK 285 (MNOK 220) ƒ EBT: MNOK 223 (MNOK 134) ƒ Profit after tax: MNOK 156 (MNOK -7) ƒ Earnings per share: NOK 5.29 (NOK –0.25) 5 Highlights Q3 2002 ƒ Improved performance in Q3 2002 c

  4. Slide 4: Results: consolidated operating revenues

    Results 7 Kongsberg Gruppen's consolidated operating revenues 6176 5138 4374 3723 2931 1803 1494 Q1 Q2 Q3 Q4 2001 2002 ƒ 17% higher operating revenues than in 2001 8 4

  5. Slide 5: EBITA (accumulated) and Balance Sheet

    Kongsberg Gruppen - EBITA (accumulated) 437 343 310 229 238 102 102 Q1 Q2 Q3 Q4 2001 2002 ƒ EBITA margin 6.7% (7.1%) ƒ EBITA margin, including calculated interest on pre-payments 7.7% (8.2%) 9 Kongsberg Gruppen, Balance Sheet 30 Sept. 30 June 31 March 31Dec. 2002 2002 2002 2001 Assets 5 805 5 798 5

  6. Slide 6: New orders per quarter; Kongsberg Maritime EBITA

    Kongsberg Gruppen New orders per quarter 2 000 1 800 1 600 1 400 1 200 Mill. kr. 1 000 800 600 400 200 0 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 Maritime KDA 11 Kongsberg Maritime EBITA (accumulated) Operating revenues MNOK 2 725 (MNOK 2 624) EBITA margin: 9.8% (8.8%) 303 267 230 195 173 90 68 Q1 Q2 Q3 Q

  7. Slide 7: Offshore & Subsea and Yachting & Fishery EBITA

    Offshore & Subsea EBITA (accumulated) Operating revenues MNOK 1 410 (MNOK 1 317) EBITA margin: 12.6% (12.1%) 220 178 160 115 121 48 60 Q1 Q2 Q3 Q4 2001 2002 ƒ New orders valued at MNOK 405 – market still slightly soft, cost- cutting measures initiated 13 Yachting & Fishery EBITA (accumulated) Operat

  8. Slide 8: Merchant Marine and Defence & Aerospace EBITA

    Merchant Marine EBITA (accumulated) Operating revenues MNOK 727 (MNOK 636) EBITA margin: 4.8% (5.3%) 49 34 35 28 17 20 9 Q1 Q2 Q3 Q4 2001 2002 ƒ Increased expenses associated with customer-specific modifications to simulators ƒ Dip in new orders 15 Defence & Aerospace EBITA (accumulated) Operating r

  9. Slide 9: Positions: Merchant Marine

    Positions 17 Merchant Marine Positions ƒ Still relatively high level of activity in ship-building in the Far East. A decline in contracting in the latter half of the year 2001 and Q1 2002 is affecting new orders. Strong local presence Strategy ƒ Improved profitability — Further integration, economie

  10. Slide 10: Yachting & Fishery and Offshore & Subsea positions

    Yachting & Fishery Position ƒ Market for electronic yachting instruments stable in the US and Europe, following several years of growth. Satisfactory sales of commercial sonars. ƒ Breakthrough in the boatbuilding market. Framework agreements signed with Sunseeker and the Ferretti Group. ƒ Favorable

  11. Slide 11: Defence & Aerospace; Prospects for 2002

    Defence & Aerospace (KDA) Position ƒ Niche supplier with strong international alliances. Long-term contracts featuring high product development content. Large-scale, identified contract opportunities in Norway and abroad. KDA is in an expansive phase Strategy ƒ Enhanced profitability — New contracts

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