Scanship Holding ASA (SSHIP) 3Q2018 Trading Update Henrik Badin CEO - - PowerPoint PPT Presentation

Scanship Holding ASA (SSHIP) 3Q2018 Trading Update

Henrik Badin CEO Erik Magelssen CFO

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• cruise and aquaculture technology provider for

cleaner oceans

• mission to improve clients environmental

sustainability

• well positioned in cruise on more than 100 ships,

building strong presence in aquaculture

• headquartered in Norway with subsidiaries in US for

life cycle services and Poland for production

• listed on Oslo Stock Exchange with ticker SSHIP
• well experienced and highly qualified team in place

for execution

about us

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for us it means technologies and solutions to prevent pollution to sea, recovering valuable resources from waste, and to reduce greenhouse gas emissions

sustainability

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Wastewater Purification Sludge handling Foodwaste Processing Waste management

technology offering

Delivered: 69 In order: 30 Delivered: 46 In order: 18 Delivered: 56 In order: 21 Delivered: 56 In order: 21

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with our environmental technologies for cruise and aquaculture we enhance with our new MAP technology for waste to energy and carbon capture we enhance

enhancing SDG

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YTD (NOK million) 3Q 2018 3Q 2018 T

• tal Revenue

80.1 .1 226.6 .6 EBITDA 10.7 .7 27.0 EBITDA margin % 13.4% 11.9% .9% Order Backlog 485

3Q2018 trading update

• strong performance with highest ever revenues and

EBITDA

• focus on operational efficiency driving margin

increase

• growth in both projects and aftersales

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financial development in 3Q

48,4 60,3 80,1

1,9 7 10,7 3,9 % 11,6 % 13,4 %

3Q2016 3Q2017 3Q2018 Revenue (MNOK) EBITDA (MNOK) EBITDA%

• ≈33% higher revenues in 3Q2018 compared to same

period last year

• ≈53% higher EBITDA in 3Q2018 compared to same

period last year

1)

1) 2018 numbers are presented in accordance with IFRS 15

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financial development YTD 3Q

• ≈28% higher revenues YTD 3Q2018 compared with

same period last year

• ≈54% higher EBITDA YTD 3Q2018 compared with

same period last year

133,2 177,5 226,6

2,4 17,5 27 1,8 % 9,9 % 11,9 %

50 100 150 200 250

YTD 3Q2016 YTD 3Q2017 YTD 3Q2018 Revenue (MNOK) EBITDA (MNOK) EBITDA%

1) 2018 numbers are presented in accordance with IFRS 15

1)

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• rder backlog (MNOK)

250 309 360 328 469 513 513 485

4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018 3Q2018

• backlog at 3Q2018 includes latest contract with

Carnival Cruise Line

• shipowners has placed orders at shipyards on

Scanship options for a total volume of NOK 175 million YTD 2018

• backlog at 3Q2018 including options awaiting to

be ordered ≈NOK 660 million

• cruise newbuilding market growing, but cruise

retrofit and aquaculture are coming strong

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milestone in aquaculture

• awarded 8 milestone contracts in the industry

space

• latest contract with Billund Aquaculture Service for

sludge handling to “worlds largest fishfarm” Atlantic Sapphire in Miami

• in all three segments; smolt, landbased fishfarm

and seabased closed-cage

• demand driven by environmental requirements

and increased focus on recovery of phosphorous

• industry growth target next 10 years (Norway to

triple in size, world market to grow by ≈50%)

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breakthrough with Carnival

• new contract to support Carnival Cruise Line’s
• ngoing commitment to advanced wastewater

purification systems

• Carnival largest player in the industry with 104

ships across 10 brands, 26 ships in Carnival Cruise Line

• Scanship AWP on the Vista platform at Fincantieri,

with Carnival Vista and Carnival Horizon in

• perations
• cruise industry leader with 28 turnkey Scanship

AWP retrofits

• huge untapped industry retrofit market of more

than NOK 3 billion

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waste to energy carbon capture

• Scanship MAP being developed with 2019 go-to-

market plan

• unique microwave assisted pyrolysis converting

waste into energy with carbon capture

• will decarbonize cruise ships by shifting from

incinerators, replacing fossil fuels and by producing activated carbon

• currently being evaluated for multiple newbuild

and retrofit cruise projects

• nominated for “Årets Håndtrykk 2018”

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end-of-waste solution

• Scanship MAP produces biochar (activated carbon)

from garbage, wastewater sludge and foodwaste

• “end-of-waste” by degrading organic matter, micro

pollutions and plastics to pure carbon

• provides multiple opportunities on landbased waste

& biogas management systems

• biochar will be an attractive additive for agricultural

soil improvement

• biochar will replace the use of fossil coal in industrial

energy production reducing CO2 emissions

• a SMART CITY concept

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Henrik ik Badin Chief Executive Officer CEO After joining Scanship in 2001 and serving various management positions in Scanship Environmental, Mr. Badin was appointed CEO of Scanship in 2008. Mr. Badin has 20 years of experience related to environmental engineering

• nshore and in the maritime
• industries. He holds a Master of

Science degree in Civil engineering from NTH (NTNU). Jonny Hansen Chief Operating Officer COO

• Mr. Hansen joined Scanship in

2006 and became COO in 2007 until the end of 2012. Coming

• ut of employment as COO in

Vissim and VP Supply Chain in OceanSaver, he rejoined Scanship in 2017 as responsible for strategic initiatives. In April 2018 he returned to the COO

• position. Mr. Hansen holds a

mini MBA DIP from Probana Business School. Erik ik Magels lssen sen Chief Financial Officer CFO Before joining Scanship in 2017,

• Mr. Magelssen has more than 15

years of experience as CFO in the companies VIA Travel Group ASA and Kongsberg Automotive

• ASA. He also held the position of

Group Finance Manager in Wilh. Wilhelmsen ASA. Mr. Magelssen has a BA degree from Heriot Watt University in Edinburgh, and has attended the Norwegian School of Economics, NHH (CPA, “Statsautorisert revisor”) and the Executive education program at Harvard Business School. Bjørn Abraham Bache Chief Commercial Officer CCO

• Mr. Bache joined Scanship

February 2018. He has more than twenty-five years of experience from international business, serving in leading positions in companies like Unitor/Wilhelmsen, Mettler- Toledo, Jotun and Elkem. During his career, he has lived 13 years

• utside Norway. Mr. Bache

holds a Master of Science degree in Mechanical Engineering from Glasgow University. Asgeir ir Wien Chief Development Officer CDO

• Mr. Wien has held technical and

R&D positions with Scanship since 2002. He has more than 25 years’ experience within advanced tertiary waste water treatment, potable water production, bio-residue treatment, garbage handling and R&D studies. Mr. Wien holds a Master of Science degree in Civil engineering from NTH (NTNU) and an engineering degree in Aquaculture. Hennin ing Mohn Chief Technical Officer CTO Before being appointed as CTO in Scanship in 2016, Mr. Mohn held other manager roles in Scanship and positions with DNVGL, NIVA Norwegian Institute for Water Research and Eurofins laboratory. He has 22 years of experience related to environmental engineering and from the international maritime

• industry. Mr. Mohn holds a

Master of Science degree in Civil engineering from NTH (NTNU) and a Master of Science degree from the University of Washington in Environmental engineering.

executive management team

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• management and board invested in Scanship
• management with CEO, COO and CDO holds total

31.500.000 shares

• chairman and board member holds total

31.500.000 shares

largest shareholders

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NUMBER OF SHARES % OF TOTAL TYPE COUNTRY INGERØ REITEN INV. COMPANY AS 31 500 000 32,98 % Comp. NOR BADIN INVEST LIMITED 10 500 000 10,99 % Comp. NOR DALER INN LIMITED 10 500 000 10,99 % Comp. NOR EXPROCO LIMITED 10 500 000 10,99 % Comp. NOR TRETHOM AS 4 191 111 4,39 % Comp. NOR GOLDMAN SACHS INTERNATIONAL 2 408 246 2,52 % Nom. GBR CITIBANK, N.A. 1 732 156 1,81 % Nom. USA FONDSAVANSE AS 1 562 500 1,64 % Comp. NOR BERGEN KOMMUNALE PENSJONSKASSE 1 500 000 1,57 % Comp. NOR VICAMA AS 1 250 000 1,31 % Comp. NOR DZ PRIVATBANK S.A. 1 150 000 1,20 % Nom. LUX MP PENSJON PK 1 028 225 1,08 % Comp. NOR TRAPESA AS 882 306 0,79 % Comp. NOR THOM EIGEL INGVAR 814 111 0,85 % Priv. NOR BIRKELAND ODD KNUT 500 000 0,52 % Priv. NOR SKANDINAVISKA ENSKILDA BANKEN AB 500 000 0,52 % Nom. FIN TOR H BJØRNSTAD AS 457 706 0,48 % Comp. NOR PUNTE HOLDING AS 450 000 0,47 % Comp. NOR MORGAN STANLEY & CO. INT. PLC. 392 861 0,41 % Nom. GBR INVESTMENT DU NORD AS 382 000 0,40 % Comp. NOR OTHERS 13 200 367 13,82 % TOTAL NUMBERS OF SHARES 95 505 525 100 %