Aker Horizons Asa (AKHOF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. My name is Lars Bære. I'm the CEO of Aker Horizons. Welcome to today's presentation of the fourth quarter results. I'm joined here today with CFO Kristoffer Dahlberg and CFO of Mainstream, Julie Berg. I will first comment upon some key developments since Q3, and then we will take you through the status of the investment portfolio and the Q4 financials. First out, carbon capture. We're excited to see both material industrial progress in the carbon capture business and a significant financial event with yesterday's dividend announcement. So the ACC board have proposed a cash dividend of NOC 3.5 billion. This will provide a NOC 1.5 billion liquidity inflow to Arc Horizons when approved and executed. This material dividend amount will support the ongoing process to optimize the overall capital structure of Arc Horizons. The SLB Kapturi JV reached significant industrial milestones last quarter. The JV successfully completed the commissioning and handing over of the first modular Just Catch 100 carbon capture plant at the Twents Waste to Energy facility in the Netherlands. Also, the Kapturi JV got the material contract award with the EPCIC contract for a 400,000 ton Just Catch unit to the Hafslund Celsius Waste to Energy plant here in Oslo. This contract award is a significant milestone in the JV's efforts to develop standardized, large-scale carbon capture facilities. Then moving on to renewable energy and development in the investment in Mainstream. Firstly, Mainstream is progressing well on its construction activities for the two solar PV plants of total 150 megawatt in South Africa. The first plant of 97.5 megawatt is on track to start commercial operations during second quarter this year. Also, the operational financial results from the 1 gigawatt And...