Desert Control As · OSL:DSRT
Desert Control As — Q1 2024 Earnings Presentation
22 slides from Desert Control As's earnings presentation, May 1, 2024
Slide 1: Q1 Report 2024 Company Update
Q1 REPORT 2024 Company Update Desert Control AS
Slide 2: Desert Control in Brief
DESERT CONTROL IN BRIEF Provider of Liquid Natural Clay 12+ years of R&D, 5+ years of (LNC) for soil improvement independent validation and and water conservation. field pilots. Proven water savings of 35- Currently operating in the U.S. 50% while improving plant and through licensed operator health
Slide 3: Agenda
Q1 2024 AGENDA COMPANY UPDATE PRESENTATION Q1& YTD Highlights Financials Outlook Questions and answers 3 | Q1 2024 Company Update
Slide 4: Q1 2024 Summary and Post-Quarter Developments
Q1 2024 SUMMARY AND POST-QUARTER DEVELOPMENTS UNITED STATES MIDDLE EAST INNOVATION ! Deployed LNC over 60 acres for Limoneira ! Commercial Traction Developing in the UAE ! LNC Production and Application ! Application through irrigation system ! First partner-driven commercial project to ! Achieved s
Slide 5: Significant Efficiency Improvements
SIGNIFICANT EFFICIENCY IMPROVEMENTS 5 | Q1 2024 Company Update
Slide 6: U.S. Pilot Program Update: Q1 & YTD 2024 (29 projects)
U.S. PILOT PROGRAM UPDATE: Q1 & YTD 2024 (29 projects) STAGE 1 Agriculture (17) Technical Pilots ! 8 Permanent Crop Pilots ! 3 Specialty Pilots ! 4 Citrus, 2 dates, 2 vines ! Land restoration Engagement with potential clients ! 2 Farm road dust control initiated through smaller-scale pilot ! 3 Row-C
Slide 7: Agriculture Opportunities
Headline: Additional description AGRICULTURE OPPORTUNITIES CURRENT MAIN FOCUS ! Permanent Crops ! Citrus ! Dates ! Vines ! (Nuts & other fruit trees) ! High-Value Specialty Crops ! Organic & Regenerative Farming ! Growers with High Water/Energy Costs KEY DRIVERS ! Increase Yields and Conserve Water
Slide 8: First Golf Course Fairway (Yuma, Arizona)
April 29, 2024 FIRST GOLF COURSE FAIRWAY (Yuma, Arizona) “Applied Desert Control's turf solution for water conservation to an entire fairway, multiple greens, and a softball field through the client's existing irrigation system.” 8 | Q1 2024 Company Update
Slide 9: Golf Course Opportunities
GOLF COURSE OPPORTUNITIES MARKET ! Global total: !38,000 courses ! United States: !16,000 courses 25-50% ! California: >950 Water Savings ! Riverside/Coachella: >150 HIGH ! San Diego County: >110 WATER ! Los Angeles Area: >120 ! Nevada/Las Vegas: >50 COST $500k 1-2y ! Arizona: >300 ! Texas/New Mexic
Slide 10: Golf Course Opportunities
GOLF COURSE OPPORTUNITIES MARKET California Agricultural Land ! Global total: !38,000 courses ! United States: !16,000 courses >24 MILLION ACRES ! California: >950 ! Riverside/Coachella: >150 HIGH ! San Diego County: >110 California WATER ! Los Angeles Area: >120 Managed Turf COST ! Nevada/Las Vegas
Slide 11: Agenda
Q1 2024 AGENDA COMPANY UPDATE PRESENTATION Q1 & YTD Highlights Financials Outlook Questions and answers 11 | Q1 2024 Company Update
Slide 12: Financial Key Figures Q1 2024
FINANCIAL KEY FIGURES Q1 2024 ! Revenue: NOK 1.3M [NOK 1.9M] ! EBITDA: NOK -14.7M [NOK -23.4M] 96,4% ! Net Income: NOK -7.9M [NOK -19.3M] Equity ratio ! Cash and cash equivalents!: NOK 105.1M [NOK 56.7M] (includes bank deposits and funds) ! Equity": NOK 115.4M (96.4%) [NOK 86M (89%)] * Financial Key
Slide 13: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 13 | Q1 2024 Company Update
Slide 14: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 14 | Q1 2024 Company Update
Slide 15: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 15 | Q1 2024 Company Update
Slide 16: Discontinued Operations (Middle East)
Discontinued Operations (Middle East) Middle East Operations Update During 2023, Desert Control Middle East LLC completed the sale of its UAE production entity, transferring LNC production licenses and assets to Mawarid Holding Investment LLC and Holistic Earth Advanced Regeneration Technologies SA.
Slide 17: DSRT Shareholders
DSRT Shareholders 17 | Q1 2024 Company Update
Slide 18: Agenda
Q1 2024 AGENDA COMPANY UPDATE PRESENTATION Q1 & YTD Highlights Financials Outlook Questions and answers 18 | Q1 2024 Company Update
Slide 19: Outlook
OUTLOOK UNITED STATES MIDDLE EAST INNOVATION ! Aim to complete installations of secured ! Anticipating significant growth in momentum ! LNC Production and Application projects and continue signing further pilots backed by new partnerships and years of ! Continue driving advancements in in both agric
Slide 20: Agenda
Q1 2024 AGENDA COMPANY UPDATE PRESENTATION Q1 & YTD Highlights Financials Outlook Questions and answers 20 | Q1 2024 Company Update
Slide 21: Cautionary Note
Cautionary note 21 | Q1 2024 Company Update
Slide 22: Thank you for your attention!
Thank you for your attention!