Arendals Fossekompani Asa · OSL:AFK
Arendals Fossekompani Asa — Q1 2023 Earnings Presentation
16 slides from Arendals Fossekompani Asa's earnings presentation, May 5, 2023
Slide 1: Q1 Update
Q1 Update 5 March 2023 arendalsfossekompani.no 05.05.2023
Slide 2: Disclaimer
This Presentation includes and is based on forward-looking information and Disclaimer statements that are subject to risks and uncertainties that could cause actual results to differ from the projected results. These statements and this Presentation are based on current expectations, estimates and p
Slide 3: Highlights Q1 2023
Highlights Q1 2023 Increase in Record Best quarterly SaaS revenue quarterly result ever continues revenue In a historic quarter, Arendals Fossekompani reports a SaaS revenues increased by Tekna reported a 44% revenue consolidated operating result 34% compared to the first growth in the first quarter
Slide 4: Assets
Assets Green Digitalization & Electrification Property Energy Big Data Analytics & Materials Based on more than a century of hydropower Based on more than a century of Anything that can be electric, will be The Arendal Fossekompani portfolio of production, we are looking to expand our green hydropow
Slide 5: Ampwell
Ampwell Q1 update • Ampwell was established in Q2 2022 to build an eco-system for battery technology including a Battery-as-a-Service business model. The initial building block of Ampwell is Commeo, a German company specializing in energy storage and energy management solutions. • Revenues for the f
Slide 6: Volue
Volue Q1 update • Revenues and other income in the quarter amounted to NOK 339 million (286 million). Adjusted EBITDA in the quarter totaled NOK 55 million (45 million), corresponding to an adjusted EBITDA- margin of 16% (16%). • Recurring revenue constituted 66% of total revenues and reached NOK 22
Slide 7: NSSLGlobal
NSSLGlobal Q1 update • Revenues for the third quarter were GBP 23.8 million (GBP 18.9 million) and the EBIT was GBP 4.3 million (GBP 3.2 million). • Growth compared to last year was largely due to increased government airtime, equipment sales and projects driven by increased operational activity cau
Slide 8: Alytic
Alytic Q1 update In the first quarter of 2023, the annual recurring revenues (ARR) for the portfolio grew to NOK 30 million, which represents a 15% increase compared to the previous quarter. • Factlines Sales were strong throughout the quarter, with an ARR growth of 25% compared to the previous quar
Slide 9: Tekna
Tekna Q1 update • Total operating revenues came in at CAD 9.4 million, an increase of 44% from Q1, 2022. Both Systems (+53%) and Advanced Materials (+40%) contributed to the revenue growth. • Adjusted EBITDA was CAD -1.2 million, reflecting revenue increase and increased contribution margin. • Tekna
Slide 10: ENRX
ENRX Q1 update • Total operating revenues increased by 40% year-over-year to EUR 42 million in the first quarter. • Revenue growth was driven by a higher activity level within the Heat division, as well as a smaller contribution from the Charge division. The company experienced solid growth in all g
Slide 11: Electricity prices remain high
Electricity prices remain high …but substantially lower than peak levels Actual and forecasted EUR/MWh NO2, 2020-2023 Dependent on weather conditions and European power prices -85% 352 Actual Forecast ! -64% -47% Assuming -29% 175 164 uniform production, 151 and AFK production 127 of 500 GWh: 108 79
Slide 12: Solid P&L for the AFK group
Solid P&L for the AFK group P&L consolidated , MNOK Q1 2023 Q1 2022 • Total revenues for the Group amounted to NOK 1,405 million (1,052 million) in the first quarter. Consolidated earnings before tax came in at NOK 238 million (134 million). Ordinary profit after tax, but before non-controlling inte
Slide 13: Strong profitability across the portfolio
Strong profitability across the portfolio Operating profit, MNOK Q1 2023 Q1 2022 Difference Volue 24 14 +10 • Solid profitability in the mature companies Volue, ENRX and NSSLGlobal. Tekna with improved profitability. Tekna -17 -33 +16 • Hydropower production contributed with substantial revenues and
Slide 14: 1.1 BNOK in Cash
1.1 BNOK in Cash And over 3 BNOK in available liquidity Total Available Liquidity in AFK Parent 31.03.23 (MNOK) 3 288 1 925 498 981 194 1 363 1 074 Cash & cash equivalents Intercompany loans Bonds Borrowings (internal Net Cash 31.03.2023 Undrawn Credit Facility Net avaliable 31.03.2023 (long and sho
Slide 15: Closing summary
Closing summary • Strong results, liquidity and capital structure, with portfolio driven by high growth industry verticals. However, there is significant uncertainty associated with the war in Ukraine, the aftermath of the Covid-19 pandemic, supply chain constraints, soaring inflation, rising intere
Slide 16: Thank you!
VISITING ADDRESS Langbryggen 9, 4841 Arendal POSTAL ADDRESS Box 280, 4803 Arendal Thank you! +47 37 23 44 00 firmapost@arendalsfoss.no arendalsfossekompani.no © Arendals Fossekompani ASA. All Rights Reserved.
Arendals Fossekompani — Q1 2023 Earnings Presentation on 6ix