M Vest Water As · OSL:MVW
M Vest Water As — Q1 2024 Earnings Presentation
13 slides from M Vest Water As's earnings presentation, 2024
Slide 1: First Quarter 2024 Report
FIRST QUARTER 2024 REPORT Presented by: CEO - Stein E. Giljarhus CFO - Morten Hilton Thomassen
Slide 2: Agenda
AGENDA 01 02 03 M Vest Water Q1 Highlights Business Update in brief 04 05 06 Financial Update Outlook Q&A
Slide 3: M Vest Water in brief
M Vest Water in brief OUR PRODUCTS AND SERVICES NORWAFLOC® : Based on natural and bio-degradable products, no harm to nature. QUICK FACTS: Substitute for synthetic Founded in 2017 chemicals, widely used. HQ in Bergen, Norway Subsidiary in Germany NORWAPOL®: Listed on EuroNext Growth Novel filtration
Slide 4: Urgent need for more clean and usable water
Global environmental and sustainability challenges addressed by MVW: Urgent need for more clean and usable water By 2025, two-thirds of the world’s population will face severe water shortages. Ecosystems around the world increasingly suffer due to wastewater related pollution. Global water treatment
Slide 5: MVW has ongoing business in USA, Middle East, Germany, and Norway
MVW has ongoing business in USA, Middle East, Germany, and Norway. Our successfully completed technology qualification in the US is crucial for positioning ourselves in the sales arena within the international oil and gas markets in the US and the Middle East. Germany, being the largest market in Eu
Slide 6: Q1 Highlights
Q1 Highlights Increased focus on sales- and marketing activities. Acquired tenders secure an order backlog of 6 MNOK revenue in Q2. First sales to the Oil & Gas market in The Middle East. Signed a new distribution agreement for NORWAFLOC® in Germany. Contract award and repeat orders from a major Nor
Slide 7: Solid organization prepared for future growth
Business Update SOLID ORGANIZATION PREPARED FOR FUTURE GROWTH PRODUCTION OF GREEN CHEMICALS PROJECTS, SALES & LOGISTICS - NORWAFLOC • Sourcing of raw materials • Direct to end-users • Own production • Distributors • Outsource large scale • Partnerships
Slide 8: Business Update - segments: Oil & Gas
Business Update - segments Long-term technology qualification program at one of the world’s largest oil operators successfully completed in 2023. Increased tender activites in US and the Middle East, in corporation with an US based OEM approved supplier. First international contract in the oil and g
Slide 9: Business Update - segments: Municipal and dredging
Business Update - segments Signed agreement with established distributor for distribution and sales of NORWAFLOC® in North Germany. MVW’s technology has demonstrated its competitiveness and quality in municipal wastewater plants in Germany. Introducing our innovative solutions to targeted clients. D
Slide 10: Business Update - segments: Aquaculture
Business Update - segments Launced a market-leading solution in August 2023, for the treatment of bloodwater for salmon slaughterhouses. Access to 70% of the Norwegian market via our partner Downstream Marine. Awarded contact for water treatment equipment from 4 slaughterhouses. One salmon slaughter
Slide 11: Financial Update
Financial Update Key figures: Revenue in Q1 2024 equal to MNOK 2,7 Loss before tax was MNOK 6,5 Capex was MNOK 1,1 Interest-bearing debt was MNOK 7,6 Order backlog of 6 MNOK Capital increase in April: Debt conversion of MNOK 8,1 in shareholder loans Private placement of MNOK 20
Slide 12: Outlook
MVW’s technology has consistently proven its competitiveness and quality in our targeted industries. With the successful completion of the private placement, we are prepared for future growth and expansion. Our resources are now strategically allocated towards: * Full-scale qualifications * Ramping
Slide 13: Connect with us
Connect with us: +47 55 98 99 99 info@mvestwater.com