Goodtech Asa Class A · OSL:GOD
Goodtech Asa Class A — Investor Presentation (December 2020)
26 slides from Goodtech Asa Class A's investor presentation, December 2020
Slide 1: Goodtech ASA - Investor Presentation
The preferred choice for industrial efficiency Goodtech ASA - Investor Presentation December 2020 1
Slide 2: Important information (1/2)
Important information (1/2) ABOUT THIS PRESENTATION By reading this company presentation (the “Presentation”), or attending any meeting or oral presentation held in relation thereto, you (the “Recipient”) agree to be bound by the following terms, conditions and limitations. The Presentation has been
Slide 3: Important information (2/2)
Important information (2/2) FORWARD LOOKING STATEMENTS AND THIRD PARTY SOURCES This Presentation contains certain forward-looking statements relating to inter alia the business, financial performance and results of the Company and the industry in which it operates. Forward-looking statements concern
Slide 4: Goodtech – the preferred provider of industrial efficiency
Goodtech – the preferred provider of industrial efficiency Business overview Core capabilities Revenue split 2019 Goodtech is a leading Nordic engineering and By solution technology group Goodtech ASA 4% Core capabilities within automation, power and 0% industrial engineering and environmental s
Slide 5: More than 100 years of innovation and development
More than 100 years of innovation and development Leading Nordic New strategy to focus Forms a powerful Enhanced financial Company active supplier of automation, Founded in 1913 by the on automation, player within electrical position, and a stronger producing cables for installation, power two twin
Slide 6: Strong presence in key regions across Norway and Sweden
Strong presence in key regions across Norway and Sweden Office locations Employees Oslo (headquarter) 54 Trondheim 10 Bergen 63 Porsgrunn 30 Fredrikstad 29 Trondheim Moss 14 Bergen Åland Karlstad 30 Oslo Arvika Arvika 13 Porsgrunn Karlstad Åland 27 Moss Fredrikstad In total ~270 employees across the
Slide 7: Highly diversified end-market exposure
Highly diversified end-market exposure Water treatment Power Biogas Generation Distribution Manufacturing Food Medical Automotive Process industry Metal Chemicals Oil & gas Onshore Aquaculture Offshore 7
Slide 8: A trusted partner from project generation to aftermarket services
A trusted partner from project generation to aftermarket services Goodtech / Goodtech Partners Overall project management Aftermarket Idea generation Installation Engineering Equipment Commissioning Service / upgrades Solution (in-house assembly) Identify and fulfil Engineering services Mainly
Slide 9: Delivering high customer value to Tier 1 customers
Delivering high customer value to Tier 1 customers Husqvarna - Turnkey robotization solution Orkla - New biogas facility Delivery: Delivery: Delivery of turnkey robotization solution for Husqvarna Construction of new biogas facility for Orkla at Åland Fully automated production line for assemb
Slide 10: Attractive growth prospects in environmental business going forward
Attractive growth prospects in environmental business going forward Improved financial development after turnaround Strong operational outlook NOKm EBITDA development – Environmental Solutions Restructuring in environmental business completed in 2019 New strategy with focus on projects with lowe
Slide 11: Goodtech contributes to develop a more sustainable society
Goodtech contributes to develop a more sustainable society Developing systems that increase efficiency, reduce energy consumption and provide the least possible environmental impact Building and Effective solutions for Provides solutions and Innovative automation construction of efficient chemical p
Slide 12: Robust and proven customer value proposition with loyal customer base
Robust and proven customer value proposition with loyal customer base Attractive points of differentiation for customers... …ensuring excellent customer satisfaction scores To which extend does Goodtech How likely is it that you will deliver customer value?1 choose Goodtech again?1 One-stop shop Ind
Slide 13: Solid customer base of Tier 1 clients across end-markets
Solid customer base of Tier 1 clients across end-markets … Established relationship with key large industrial companies across the Nordics 13
Slide 14: Top 10 customers with longstanding relationships
… with longstanding relationships and repeating business Top 10 customers last five years - Goodtech AS Top 10 customers last five years - Goodtech Solutions AB NOKm As % of total revenue last five years First year as a customer NOKm As % of total revenue last five years First year as a customer #1
Slide 15: Good company culture with great employees
Good company culture with great employees Great Place to Work Goodtech culture Health, Safety and Environment (HSE) and compliance are an important part of the company culture Zero vision of damages and accidents Leave of absence of only 2.5% – ratio has been downward trending over the past ye
Slide 16: Contract wins underpins the broad competence base
Contract wins underpins the broad competence base Hywind Tampen - Wood Permascand Haldex Lingalaks Sydvatten Power Manufacturing Manufacturing Aquaculture Water treatment Contract value: Contract value: SEK 19m Contract value: SEK 30m Contract value: NOK 9m Contract value: SEK 55m Undisclosed Deli
Slide 17: Digitalization will be a key growth and profitability driver going forward
Digitalization will be a key growth and profitability driver going forward Long track record of technology development Selection of current digitalization initiatives Period Selected customer Selected deliveries Goodtech Digital Solutions established in 2019 to strengthen focus on internal digital
Slide 18: Strong order backlog development albeit Covid-19 pandemic situation
Strong order backlog development albeit Covid-19 pandemic situation Strong order backlog development from 2019 Key considerations NOKm Positive development in backlog – less variation and Growth: +20% lower seasonality compared to previous years Decline in Q2-20 due to Covid-19 – work in Moss an
Slide 19: Positive trend in Q3-20 expected to continue
Positive trend in Q3-20 expected to continue Revenue (LTM) EBITDA (LTM) NOKm Growth: +7% NOKm 33 474 474 484 497 27 26 464 463 451 21 17 12 12 7.2% 5.8% 5.7% 4.5% 3.3% 2.6% 2.5% Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 LTM - revenue LTM - EBITDA LTM EBITDA
Slide 20: Management team – New CEO recently announced
Management team – New CEO recently announced Current Management Announcement of new CEO Eric Staurset Synnøve Granli Magne Reierson Margrethe Hauge Leaving CEO CFO Project Director New CEO – Announced on 26 November 4 years in 13 years in 25 years in Previous experience from CEO of TekniskBureau AS
Slide 21: Ongoing strategy set to drive profitable growth
Ongoing strategy set to drive profitable growth Four key pillars Strengthen sales activities and expand engineering capabilities in selected niches 1 ORGANIC GROWTH Continue to focus on projects offering best risk / reward Strengthen presence in profitable niches (e.g. Portabulk) Deliver on
Slide 22: Appendix
Appendix 22
Slide 23: Recent announcements
Recent announcements 29 OCTOBER 2020 Environmental business in Åland has been assigned to build water purification facilities to Södra Cell Värö as a part of CONTRACT ANNOUNCEMENT their project “Expension Värö 2.0” 15 OCTOBER 2020 New contract with Wood for the delivery of a complete SCADA syste
Slide 24: Profit & Loss statements
Profit & Loss statements Profit & Loss Statement (2017 – LTM Q3-20) NOKm 2017 2018 2019 LTM Q3-20 Revenue 688.7 443.6 449.5 496.5 COGS 342.0 140.2 148.1 201.5 Salaries 270.8 229.8 232.8 232.4 Other expenses 71.1 53.9 45.2 45.9 Restructuring expenses 1.9 1.0 0.0 0.0 EBITDA 3.0 18.7 23.4 16.6 EBITDA m
Slide 25: Balance sheet statement
Balance sheet statement Balance Sheet Statement (Q3-20) Assets (NOKm) Equity & Liabilities (NOKm) Paid-in equity 435.0 Tangible assets 51.5 Retained earnings (203.7) Right of use asset 47.6 Non-controlling interest 2.4 Intangible assets 149.2 Total equity 233.7 Deferred tax benefit 42.4 Interest bea
Slide 26: OQOoOor=ch
OQOoOor=ch forstevalget for industriell effektivitet