Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q1 2025 Earnings Presentation
12 slides from Kongsberg Gruppen Asa's earnings presentation, 2025
Slide 1: Investor presentation Q1 2025
Investor presentation Q1 2025 Geir Håøy, President & CEO Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with K
Slide 2: oa *K a e
oa *K a e ; - Proactive na\ corpo: rope Plan / Readiness 2030
Slide 3: Sea Domain, Land and Air Domain, Space Domain
Sea Domain Land and Air Domain Space Domain NSM JSM C-UAS NOMAD Surveillance Maritime Surveillance Submarine Vanguard Robotics NASAMS CROWS Space for Defence
Slide 4: We continue to build backlog
BUSINESS UPDATE Q1 Backlog distribution by business area – 31.03 We continue to build backlog Kongsberg Discovery Other Kongsberg 3.2 Maritime 0.7 24.7 134.0 Kongsberg Defence & 105.4 Aerospace Backlog distribution by time of delivery 2025 23% Order intake Revenues EBIT 2026 23% 20.7bn 14.6bn 2.9bn
Slide 5: Financial status
Financial status Mette Toft Bjørgen, EVP & Group CFO KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised repr
Slide 6: Portfolio changes in Q1
KONGSBERG Portfolio changes in Q1 KONGSBERG 100% 100% 100% 83% 100% KDA KD KM KDI Other Naxys AS from 20.1 Maritime business from 1.1 Maritime business from 1.1 Financials 2024: Financials 2024: Revenues ~124 MNOK Revenues ~600 MNOK Gain from sale of steering Steering gear and rudder gear and rudder
Slide 7: High revenue growth in all BAs
REVENUES Kongsberg +25% Maritime High revenue growth in all BAs 5.40 6.74 Amounts in NOK bn Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Kongsberg KONGSBERG Defence & +9% +28% Aerospace 5.38 4.92 14.62 1.05 11.45 +19% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 13.57 Kongsberg +29% Discovery Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 1.36 1
Slide 8: Solid EBIT-margin with strong contribution from all BAs
EBIT and EBIT margin 13.9% 13.6% Kongsberg Maritime Solid EBIT-margin with strong 0.75 0.92 contribution from all BAs Amounts in NOK bn Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 14.2% 15.8% Kongsberg KONGSBERG 19.8% Defence & 0.85 Aerospace 0.70 13.6% * 12.8% 2.89 1.05 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 1.46 1.84 Ko
Slide 9: Strong cash conversion
Net working capital per Business Area CASH FLOW DEVELOPMENT Kongsberg Maritime 12.8% Strong cash conversion 7.2% 2.69 1.87 Amounts in NOK bn Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Kongsberg 0.41 0.87 (0.75) 16.46 (0.61) Defence & Aerospace (4.58) 2.24 +2.17 (11.20) 14.29 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Kongsbe
Slide 10: Contribution from associated companies
ASSOCIATED COMPANIES Contribution from associated companies Kongsberg Satellite Services Patria Revenues (NOKm) EBIT (NOKm) KOG’s share of net profit (NOKm) Revenues (EURm) EBIT (EURm) KOG’s share of net profit (NOKm)* 348 561 566 577 556 532 206 169 103 108 99 103 110 94 60 73 18 1 3 Q1 24 Q2 24 Q3
Slide 11: Continue to see overall strong demand
OUTLOOK Continue to see overall strong demand Kongsberg Kongsberg Kongsberg Maritime Defence & Aerospace Discovery • A product portfolio and positioning enabling • Continued marketing, tendering and • Significant demand from areas such as a frontrunner position in the maritime negotiations related t
Slide 12: KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclo…
KONGSBERG PROPRIETARY: This document contains KONGSBERG information which is proprietary and confidential. Any disclosure, copying, distribution or use is prohibited if not otherwise explicitly agreed with KONGSBERG in writing. Any authorised reproduction in whole or in part, must include this leg e