Studsvik Ab · OMXSTO:SVIK
Studsvik Ab — Q4 2023 Earnings Presentation
19 slides from Studsvik Ab's earnings presentation, Feb 8, 2024
Slide 1: Interim report Q4, 2023
Interim report Q4, 2023 CEO Camilla Hoflund CFO Niklas Karlsson February 8, 2024
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 • Geopolitical situation • Sales 826 MSEK • Energy need and shortage • 530 employees • Globally more positive attitude towards • Listed on Nasdaq Sto
Slide 3: Quarter in brief
Quarter in brief • Another quarter with stable performance • Two significant licensing agreements were signed within business area Scandpower. • A license agreement was signed with Dongguk Nuclear Solutions (South Korea) for Studsvik’s patented inDRUM technology. • Studsvik signed a cooperation agre
Slide 4: Group summary: Stable fourth quarter with positive outlook
Group summary Stable fourth quarter with positive outlook • For the full year sales, Q4 Jan-dec operating profit and 2023 2022 2023 2022 margins are on similar level as for 2023. Sales, SEK million 228.4 228.6 826.0 814.8 • The operating profit for the Operating profit, quarter is lower than last 28
Slide 5: Decommissioning and radiation protection services
Decommissioning and radiation protection services Providing expertise & experience 5
Slide 6: Quarterly overview: Strong demand and efficient utilization
Quarterly overview Strong demand and efficient utilization • Continued high market demand in Germany and Decommissioning and Q4 Jan-dec radiation protection services Switzerland. 2023 2022 2023 2022 • An increased sickness rate Sales, SEK million 73.5 70.5 336.7 292.7 during the quarter impacted the
Slide 7: Focus areas
Focus areas • Be creative in employer branding to retain and attract qualified people in a market where demand for personnel is high. • Expand and combine services within decommissioning and waste management, such as the services to Oskarshamn Nuclear Power Plant and cooperation with Gesellschaft fü
Slide 8: Fuel and materials technology
Fuel and materials technology The international laboratory 8
Slide 9: Quarterly overview: Production adjustments giving result
Quarterly overview Production adjustments giving result • Increased sales during the Fuel and Materials Q4 Jan-dec quarter as a result of replanning Technology 2023 2022 2023 2022 and good performance in customer projects. Sales, SEK million 95.3 87.9 310.1 322.9 • The full year result has been nega
Slide 10: Focus areas
Focus areas • Solve the transport issues with customer, carrier and authorities to obtain necessary licenses for shipment. Today we are working on several scenarios in parallel. • Be responsive to market changes including, e.g. within supporting Light Water Reactor operators and authorities worldwid
Slide 11: Scandpower
Scandpower World leading software 11
Slide 12: Quarterly overview: Well positioned on a global market
Quarterly overview Well positioned on a global market • Good license sales in the quarter and for the full year. Q4 Jan-dec Scandpower 2023 2022 2023 2022 • Improved operating profit and margin. Sales, SEK million 52.4 42.2 152.1 135.3 • The acquisition announced Operating profit, in Q3 2022 of all
Slide 13: Focus areas
Focus areas • In North America we see increased investments for life extensions and new higher-performance fuel, which in combination with initiatives for new types of reactors, gives new business opportunities for Scandpower. • Sales activities on markets where new nuclear is being built, where we
Slide 14: Waste management technology
Waste management technology Efficient waste handling 14
Slide 15: Quarterly overview: Environmentally safe and efficient technologies
Quarterly overview Environmentally safe and efficient technologies • Lower sales due to less sub- Q4 Jan-dec contractors compared to Waste management technology 2023 and no significant 2023 2022 2023 2022 license sale in 2024. Sales, SEK million 11.2 31.1 40.1 73.2 • A license agreement was signed w
Slide 16: Focus areas
Focus areas • The investment in a demonstration facility of inDRUM at the Studsvik site is planned to go operative in quarter 2 2024. This is an important milestone to prove to the market the efficient functionality of the waste treatment process. • We intend to cooperate with strategic partners on
Slide 17: Possibilities for new nuclear at the Studsvik site
Possibilities for new nuclear at the Studsvik site • Studsvik is involved in investigating whether it would be suitably to establish new nuclear on the Studsvik site. • If so, Studsvik’s role will be to make land available and contribute with its expertise in various areas – not to build or operate
Slide 18: In summary
In summary • The Group delivered at a stable level this quarter and full year, with variations between the different business areas. • Increased overall interest in, and acceptance of, nuclear gives Studsvik new business opportunities both in near and long term. • Studsvik is involved in investigati
Slide 19: Thanks for listening!
Thanks for listening!