Slide 1: Q1 Trading Update
Q1 TRADING UPDATE Henrik Badin, CEO Vow ASA Oslo, 29 April 2021
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by the management of Vow ASA using commercially reasonable efforts to provide estimates and information about the company and prospective new markets. The presentation includes and is based, inter alia, on forward-looking information and statements that
Slide 3: About Us
ABOUT US Our brands Provider of world leading technologies to eliminate pollution, enhance circular economy and mitigate climate change Offering patented unique solutions that turn waste and biomass into CO2 neutral energy, decarbonised energy, low-carbon fuels and biocarbon Our technology is ready,
Slide 4: Financial and Operational Headlines
FINANCIAL AND OPERATIONAL HEADLINES
Slide 5: Key Takeaways Q1 2021
KEY TAKEAWAYS Q1 2021 Q1 2021 LTM First quarter revenues 92.7 million, EBITDA 10.2 million despite lapse Revenues of typically 25-30 million in revenues in Aftersales 437 + 8 %2 • Projects Cruise delivered 26% EBITDA margin in Q1 and revenues increased million with high activity in both newbuilds an
Slide 6: Projects | Cruise
PROJECTS | CRUISE Revenues increased as cruise operators and yards continue newbuilds and retrofit projects Proven and efficient delivery model has resulted in further strengthening of EBITDA margin One retrofit and two newbuild projects secured in 2021, showing operators’ commitment to renew their
Slide 7: Aftersales | Cruise
AFTERSALES | CRUISE Demand now seems to be firming up as cruise liners are planning to gradually resume operations following roll- out of Covid-19 vaccine Only slight change in reported numbers for Q1 compared with previous quarters, since access to most ships continued to be restricted Agile team a
Slide 8: Landbased
LANDBASED High activity on process optimisation, commissioning of systems and business development with new industry partners in landbased verticals Lined up to deliver Biogreen solution to Vow Green Metals plant at Follum for completion mid 2022 Recent contracts for sterilisation of spices demonstr
Slide 9: Strategy and Outlook
STRATEGY AND OUTLOOK Featuring operational highlights in Q1 2021
Slide 10: Recent Deal Flow
RECENT DEAL FLOW Milestone contract awards and partnerships with leading industrial players 22 April 2021 16 April 2021 11 February 2021 3 February 2021 2 February 2021 28 January 2021 30 October 2020 Wins contract with Bags second Signed letter of Awarded EUR 5.7 Signed letter of Vow and Arcelor St
Slide 11: Partnerships for the Long Term
PARTNERSHIPS FOR THE LONG TERM From sea based to landbased during two decades 2003 2005 2010 2012 2015 2016 2018 2019 2020 2021 Green Metals 12
Slide 12: Launching Vow Green Metals
LAUNCHING VOW GREEN METALS And the Follum plant Business idea | Build, own and operate full scale plant based on Vow's process technology Production | Biocarbon to replace fossil coke as a reducing agent in the metallurgical industry in Norway, as well as providing CO2 neutral gas for district heati
Slide 13: Spinning Off Vow Green Metals
SPINNING OFF VOW GREEN METALS … and distributing to shareholders, subject to approval at general meeting 14 May Successful private placement in March 2021 Group structure Vow raised gross proceeds of 230 million in new For illustration equity, of which 150 million will be used to Vow Vow Vow Green f
Slide 14: Concluding Remarks
CONCLUDING REMARKS Q1 marked by continued strong performance and order intake in cruise projects, signs of recovery in aftersales and milestone partnerships with landbased industrial players Commissioning and process integration ongoing on site and in close cooperation with customers to meet their d
Slide 15: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION Vow ASA | Lysaker Torg 12 | 1366 Lysaker | Norway | www.vowasa.com