Arendals Fossekompani Asa · OSL:AFK
Arendals Fossekompani Asa — Q3 2023 Earnings Presentation
32 slides from Arendals Fossekompani Asa's earnings presentation, Nov 10, 2023
Slide 1: Q3 update
= 7 ARENDALS x FOSSEKOMPANI GENERATIONS FOR iENERATIONS GENERATIONS GENERATIC FOR FOR IONS Arendals Fossekompani 03 As Q3 update 10 November 2023 arendalsfossekompani.no
Slide 2: Disclaimer
Disclaimer nas This Presentation includes and is based on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ from the projected results. These statements and this Presentation are based on current expectations, estimates a
Slide 3: Arendals Fossekompani in brief
Arendals Fossekompani in brief + Long term industrial investment company * Invest in B2B, energy and/or technology + Active ownership Main investments Employees Countries QQiisted) 9.578 95 nas Dots on map reflect approximate locations Listed on the Oslo Stock Exchange 1913 e Head Office Arendal, No
Slide 4: Main investments: ownership and market cap
AFK ownership Head office AFK ownership Head office 71% Sherbrooke, Canada 100% Arendal, Norway Market cap (30.09) Listed at Market cap (30.09) Listed at 3,129 MNOK Oslo Børs 1,002 MNOK Oslo Børs AFK ownership Head office AFK ownership Head office AFK ownership Head office 80% London, UK 95% Skien,
Slide 5: Diversified portfolio ensuring both stable cash flow and attractive growth prospects
Diversified portfolio ensuring both stable cash flow and attractive growth prospects Our portfolio spans across the business life cycle nas The Start-ups The Growth-focused The Mature Venture-like. Focus on business model PE-like. Combination, focused on scaling, and business Cash and dividend gener
Slide 6: Strong underlying performance in portfolio companies
Strong underlying performance in portfolio companies Highlights Q3 2023 Financial * Arendals Fossekompani Group revenues: NOK 1.2 bn. 10% growth YoY. * Operating profit: NOK 60m (127m), negatively affected by lower electricity prices. * Quarterly dividend: NOK 1.00 per share. Key developments in por
Slide 7: Q3 update: Volue
Q3 update Recurring revenue growth wom ye and margin expansion
Slide 8: Q3 update: NSSLGlobal
By Q8 update NSSLGlobal Profits are stabilizing fo: ae and pipeline is strong
Slide 9: Q3 update: Atekna
Q3 update ATEKNA Strong revenue growth feeowersie SoHo a Sand improved margins
Slide 10: Q3 update: ENRX
Q3 update CNRX Heat still performing well, a Mens developing charge segment
Slide 11: Q3 update: Ampwell
Q8 update ampwell Ramping up to meet eee growing demand
Slide 12: Q3 update: Alytic
Q8 update alytic Growing ARR and eae wr tee rtm tAtroducing new products
Slide 13: Q3 update: Vannkraft
Q3 update (VANNKRAFT Lower electricity prices, ee Ey higher production
Slide 14: Financials
inancials OP ao, f Ae ns 10 November 2023 4
Slide 15: Profitability is still strong, but affected by lower electricity prices
Profitability is still strong, but affected by lower electricity prices compared to Q3 last year * Profitability improvement in portfolio companies Volue, ENRX and Tekna. + NSSLGlobal: Profitability still strong, but lower compared to high levels previous year. * Reduced profit from hydropower due t
Slide 16: Total available liquidity in AFK Parent 30.09.23
Total available liquidity in AFK Parent 30.09.23 (NOK million) NOK 1.1bn in cash, 2.4bn in available liquidity 2380 498 1356 1256 844 1124 1110 Cash & Cash Intercompany Bonds Borrowings Net cash 30.09.2023 Undrawn Credit Facility Net available equivalents loans (long and (internal and liquidity 30.0
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Slide 18: Closing Summary
Closing Summar a na
Slide 19: • • • •
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Slide 20: Closing summary
Closing summary * Strong underlying results with positive outlook, but profitability this quarter is affected by lower electricity prices compared to last year. * Focused business development on-going in all portfolio companies driving growth in long term NAV. ¢ Diversified and well positioned portf
Slide 21: ENRX
CNRX Bjorn E. Petersen, Chief Exetutive Of Be, 6 —
Slide 22: The right energy can take you anywhere
The right energy can take you anywhere
Slide 23: Our mission
Speeding up the journey to a sustainable world by smart energy transfer
Slide 24: 70+ years and 25+ years of induction experience
70+years 25+years One of the global market leaders in induction heating for advanced manufacturing. + A global innovator within wireless inductive charging and contactless power transmission.
Slide 25: The global leader within induction technology
Top3 1 100+ player in selected induction Number of employees heating markets The global leader within induction technology €132 m 22% 11% Revenue 2022 Revenue Growth YTD 2023 EBITDA YTD 2023
Slide 26: Global trends and shifts
Global trends and shifts Electrification in most industries strongly favour induction technology Increasing the adoption of electric vehicles and autonomous mobility Product development based on Industry 4.0 standards trigger renewal of customer equipment range, while enhancing recurring service rev
Slide 27: Induction heating works virtually everywhere
BUSINESS AREA: HEAT Induction heating works virtually everywhere Heating systems from ENRX can be used in almost every industrial application imaginable. We create value by combining induction expertise and materials know-how with experience of production processes worldwide. 25,000 + Induction syst
Slide 28: Wireless systems paves the way for the future
BUSINESS AREA: CHARGE Wireless systems paves the way for the future Wireless energy transfer is underway to change the way in which we work and live our lives – how we extract raw materials, manufacture products, organise transports and build cities. 25 + million km driven on wireless charging. 100
Slide 29: Large and growing markets
Large and growing markets Driven by increasing electrification and automation ENRX segment focus and strategy towards 2030 4.5 ENRX total estimated addressable market (EUR bn) Heat Charge Manufacturing 3.5 Rail power Automated guided vehicles Forklifts & Trucks Capitalize on strong patent portfolio
Slide 30: Well-defined growth and profitability targets
Well-defined growth and profitability targets ENRX outlook for 2030 Capital-light The induction technology growth strategy boosted by Revenue growth Margin expansion champion green transition Leveraging leading position within Moderate organic growth and market Strong CAGR throughout decade Economie
Slide 31: Our vision
OUR VISION
Slide 32: Thank you!
= 7 ARENDALS x FOSSEKOMPANI Thank you! VISITING ADDRESS Langbryggen 9, 4841 Arendal POSTAL ADDRESS Box 280, 4803 Arendal +47 37 23.44.00 [email protected] arendalsfossekompani.no © Arendals Fossekompani ASA. All Rights Reserved.
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