Vow Asa · OSL:VOW
Vow Asa — Scanship Holding — H1 2019 Earnings Presentation
11 slides from Vow Asa's earnings presentation, Aug 28, 2019
Slide 1: 1H 2019 Presentation
1H 2019 Presentation Hotel Continental, Oslo August 28, 2019 Henrik Badin CEO Erik Magelssen CFO
Slide 2: Disclaimer
Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections abo
Slide 3: About us
About us • provider of technology that prevents pollution to sea, enabling recovery of valuable resources in waste and converting waste to energy • well positioned with unique track record equipped 115 cruise ships with orderbook for another 39 newbuilds • moving into aquaculture industry and landba
Slide 4: Strong profitable growth continues
Strong profitable growth continues 181,3 22,6 146,5 117,3 16,3 12.5% 11,1% 9,0% 10,5 1H2017 1H2018 1H2019 1H2017 1H2018 1H2019 1H2017 1H2018 1H2019 Revenues EBITDA EBITDA % Numbers in MNOK
Slide 5: New all time high order backlog
New all time high order backlog Order Backlog 700 Options and Ordered sisterships 656 513 469 360 330 207 160 130 86 1H2017 2H2017 1H2018 2H2018 1H2019 Lifecycle Services (Aftersales) not included in Order Backlog Numbers in MNOK
Slide 6: P&L statement 1H 2019
P&L statement 1H 2019 Unaudited Unaudited Audited Another strong (MNOK) 1H 2019 1H 2018 2018 first half year Revenue Total operating revenue 181.3 181.3 146.5 146.5 329.6 329.6 Cost of goods sold -128.3 -101.2 -229.8 Gross Profit 53.0 45.3 99.8 • revenue increase of 24 % yoy - Gross Margin 29.2 % 30
Slide 7: Statement of financial position
Unaudited Unaudited Audited (MNOK) 30/06/19 30/06/18 31.12.18 ASSETS: Property, plant and equipment 5.1 2.1 3.2 Statement of financial position Intangible assets 44.2 35.1 38.3 Right-of-use assets 13.9 Total non-current assets 63.1 37.2 41.5 Current assets: Inventories 7.4 4.2 4.5 • intangible asset
Slide 8: Cashflow
Cashflow Unaudited Unaudited Audited • timing of customer and supplier payments and (MNOK) 1H 2019 1H 2018 2018 deliveries will give significantly increased cashflow Result before tax 20.0 15.8 33.4 from operations in 2H 2019 • reverse situation in 2018, cashflow from operations Net cash flow from o
Slide 9: Largest shareholders
Largest shareholders Number of shareholders Investor Number of shares % of top 20 % of total Type Country approaching 3000 INGERØ REITEN INV. COMPANY AS BADIN INVEST LIMITED 31,500,000 10,500,000 39.57% 13.19% 32.75% 10.92% Comp. Comp. NOR NOR DALER INN LIMITED 10,500,000 13.19% 10.92% Comp. NOR EXP
Slide 10: Cruise market represents a solid platform for continued growth
Cruise market represents a solid platform for continued growth • continuing cruise industry growth has translated to 120 cruise ships on order, and to maintain historical passenger growth will require additional 100 newbuilds to enter service until 2030 • environmental sustainability scrutiny drives
Slide 11: Thank you for the attention !
Thank you for the attention ! www.scanship.no