Slide 1: Industry reinvented
Industry reinvented Highlights from Q2 2024 | Goodtech ASA goodtech.no 1
Slide 2: Summary
Webcast Goodtech ASA – Q2 2024 Summary 192 MNOK 431 MNOK Revenues and order backlog: Q2 2024 revenues Order backlog 10% decrease in revenues from Q2 2023 41% growth in order backlog from Q2 2023 d Profitability: 9,2 MNOK 2,4 MNOK Q2 2024 EBITDA (4,8%) Q2 2024 EBIT (1,3%) 1,1 MNOK (+14%) nomina
Slide 3: Important new contracts in Q2 2024
Webcast Goodtech ASA – Q2 2024 Important new contracts in Q2 2024 Empire Wind 1 Wacker Green Volt Offshore Moelven in Norway Offshore Windfarm Holla Windfarm and Sweden 50 MNOK «High double-digit Development 10-20 MNOK MNOK contract value» project 3
Slide 4: Sales and order backlog
Webcast Goodtech ASA – Q2 2024 Sales and order backlog Order backlog | MNOK Development in order backlog | Continuing operations +41% 431 376 306 332 76 292 72 63 • 18 MNOK decrease in order backlog from Q2 2023 to Q2 56 45 2024 due to several projects in final phase • Several promising sales prospe
Slide 5: Larger ongoing contracts in Q2 2024
Webcast Goodtech ASA – Q2 2024 Larger ongoing contracts in Q2 2024 Leading Electrification Market-leading The worlds largest production of and automation yard production production facility rare earth for cod liver oil elements Selection of other customer projects with activity in the quarter 5
Slide 6: Key financials
Webcast Goodtech ASA – Q2 2024 Key financials Revenues | MNOK Comments -10% 1 243,1 225,9 213,7 215,2 191,7 10% decrease in revenues from Q2 2023: 1. Q2 2023 impacted by high procurement share and associated COGS in Aker Solutions and REEtec 2. Several larger projects started in the quarter with exp
Slide 7: Robust capital structure
Webcast Goodtech ASA – Q2 2024 Robust capital structure Assets 580 580 572 572 537 33 35 31 57 49 162 150 154 145 204 Assets held for sale 86 104 102 Current assets 72 46 Cash and cash equivalents 275 271 293 288 286 Fixed assets Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Equity and liabilities 46,6% 5
Slide 8: Strategic re-positioning | Q4 2020 – Q2 2024
Webcast Goodtech ASA – Q2 2024 Strategic re-positioning | Q4 2020 – Q2 2024 1 2 Goodtech has been through a large strategic re-positioning the past years… …at the same time, employee satisfaction has increased… Sum of rolling last 4 quarters revenue, quarter by quarter | MNOK +69% 78% 80% 81% 74% Em
Slide 9: Thank you!
Thank you! Q2 2024 | Goodtech ASA goodtech.no 10