Norbit Asa · OSL:NORBT
Norbit Asa — Investor Presentation (November 2019)
18 slides from Norbit Asa's investor presentation, November 2019
Slide 1: Company presentation November 2019
Company presentation November 2019
Slide 2: Tailored Sonar technology
Tailored Tailored Sonar Sonar technology technology toglobal to the the global Independent Independent supplier supplier of tailored of tailored short short range Product, Innovation Product, and Realization Innovation includes and Realization maritime markets communication technology to trucks rang
Slide 3: NORBIT is a global provider of tailored technology to carefully selected niches
NORBIT is a global provider of tailored technology to carefully selected niches • Founded 1995 • HQ in Trondheim, Norway • Manufacturing facilities in Selbu and Røros, Norway • Offices and Subsidiaries in 12 countries • Dedicated workforce of ~250 • Listed on OSE in June 2019, ticker NORBIT Main bus
Slide 4: Core Purpose, Vision, Core Values
Core Purpose - Explore more Vision NORBIT is to be recognized as world class, enabling people to explore more Core Values ▪ We deliver! ▪ Safe under pressure ▪ Refinement of talents 4
Slide 5: Corporate management
Corporate management Per Jørgen Weisethaunet | CEO Stian Lønvik | CFO ▪ 18 years as CEO of NORBIT Group ▪ Prior experience from FESIL and EY ▪ Joined NORBIT in 2001 ▪ Joined NORBIT as CFO in 2013 ▪ MSc in Electronics from NTNU. Business Economy and ▪ MSc in Auditing and Accounting from NHH and BI Ma
Slide 6: Historical growth and margin development
Historical growth and margin development NOKm Long term financial targets: 600 25 % 23 % 500 482 Targeting 3Y revenue CAGR > 25% 438 20 % 400 17 % 15 % 352 15 % 310 311 300 12 % 10 % Long-term ambition of EBITDA margin > 20% 200 6% 110 75 5% 100 41 48 19 0 0% Aims to invest ~5% of revenue in R&D, to
Slide 7: Oceans
epereegiere ar Oceans
Slide 8: Oceans – Selected client references
Oceans Oceans – Selected client references Public clients within hydrography Private dredging companies Survey companies http://horizon-geosciences.com/survey-services/hydrographic- cartographic-survey-services/ Royal Danish Japan Coast Navy Guard Other surveying Companies in the Far- East, Middle-E
Slide 9: Oceans Global indirect sales network
Oceans Global indirect sales network Indirect distribution supported by regional offices covering a wide range of clients in various industries NORBIT HQ R&D / Engineering Sales support office TIER 1 TIER 2 TIER 3 ▪ NORBIT essential to distributor’s success ▪ A substantial share of distributor’ reve
Slide 10: Intelligent Traffic Systems (ITS)
DSRC solutions for satellite based truck tolling Connectivity devices for smart tachograph Intelligent Traffic Systems (ITS)
Slide 11: ITS: Tailored short range communication solutions
ITS Tailored short range communication solutions EU regulation and focus on distance based tolling creates a new market with huge potential One unit to connect them all: EU priority to connect all tolling in Europe and enable vehicles to only Gradual implementation of GNSS2 in EU truck market: need
Slide 12: ITS: Tailored connectivity modules for tachographs
ITS Tailored connectivity modules for tachographs Stable long-term market with ~ 400,000 trucks1 being registered in the EU annually ensure recurring revenue EU regulation implemented mid-20192: EU truck market: Mandatory to install smart tachograph in all new trucks registered after June ~400,000 t
Slide 13: ITS: Long term contracts with industrial blue chip clients
ITS Long term contracts with industrial blue chip clients SATELLITE BASED (GNSS) TOLLING SMART TACHOGRAPHS TOLLING DSRC solutions for Connectivity devices for DSRC toll tags GNSS truck tolling tachographs (OBUs) ▪ 1 million units frame contract ▪ Continental ▪ Frame contract with NPRA2 for AutoPASS
Slide 14: Product Innovation & Realization (PIR)
Product Innovation & Realization (PIR)
Slide 15: Product Innovation & Realization
PIR Product Innovation & Realization Enables innovation and execution Overview In-house multidisciplinary R&D ▪ Multidisciplinary engineering team which perform projects both internally and for external clients ▪ Enables future technology and execution power for Oceans and ITS Oceans Intelligent In-
Slide 16: World class in-house manufacturing
World class in-house manufacturing Overview of NORBITs manufacturing sites ▪ High volume robotized production Røros ▪ Automated, flexible, scalable Automotive ▪ Thick film hybrid circuits ▪ Automotive certified factory ▪ Mid-low volume Selbu Defence, medical ▪ High complexity and subsea ▪ Box built
Slide 17: In-house multidisciplinary R&D capabilities
In-house multidisciplinary R&D capabilities R&D capabilities R&D competence ▪ Competence covering all aspects of technology and product design Competence areas # FTEs ▪ Special projects to explore new market domains, new technologies Embedded electronics, FPGA Firmware 15 and enable refinement of ne
Slide 18: Exploring is finding opportunities where others find limits
EXPLORING IS FINDING OPPORTUNITIES WHERE OTHERS FIND LIMITS