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    ENDUR   NO0010379779

END┌R ASA

(ENDUR)
  Report
Real-time Quote. Real-time Oslo Bors - 01/24 09:35:18 am
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End˙r : Third Quarter 2021 - Presentation

11/16/2021 | 02:26am EST

Endúr ASA

Q3 2021 interim results presentation

16 November 2021

Today's presenters

Jeppe Raaholt

Lasse B. Kjelsås

CEO

CFO

2

NOK 170 million private placement undertaken 15 Nov. 2021

  • On 15 November 2021 the Company successfully carried out a private placement of new shares for gross proceeds of NOK 170 million.
  • Subscription price: NOK 0.75 per share
  • The issue was materially oversubscribed
  • Endúr's largest shareholders (parties to the guarantee agreement) increased their collective ownership through the placement
  • NOK 110 million of the proceeds will be employed towards amortizing the Company's outstanding bond loan
    • Cf. stock exchange announcements on September 10 and September 15, 2021
  • The board will subsequently consider to undertake a Repair Offering of max. 40 million new shares at NOK 0.75 subscription price
    • Only shareholders per 15 November 2021 who were not offered to subscribe shares in the private placement will be offered shares in the contemplated Repair Offering.
    • Cf. separate stock exchange announcement today
  • The private placement was managed by Arctic Securities and SB1M
  1. Pro forma figures; calculated assuming the acquisitions of BMO Entrep., Artec Aqua and Marcon were undertaken on 1 January 2020, and similarly, that the bankruptcies in Endúr Industrier AS and ØPD

AS occurred on that same date. For actual financial figures, please refer to the half-year report.

3

Agenda

Highlights and key figures

Company overview

Financials

Business segment information

Summary

Appendix

Highlights in Q3 2021

  • Significantly improved operational and financial

performance in Q3 2021

Financial highlights (pro forma)1

  • Quarterly revenues of NOK 568 million
    • Endúr's highest quarterly revenues ever, actual and proforma
  • Adj. EBITDA NOK 65.5 million in Q3 21.
    • Material improvement on this year's prev. quarters
    • 10% increase on Q3 2020 proforma
  • Activities in both the Company's main operating segments contributed positively towards the improvement in the quarter.
  • NIBD NOK 894 million (NOK 989 mill. at Q2 21)
  • Compliant with all financial covenants per Q3 21
  • Solid order backlog at NOK 2.2 billion
  • Continued favourable outlook for all main operating activities
  • Jeppe Raaholt new Group CEO 1st October 2021

Revenue 542

568

443

444

413

Q3

Q4

Q1

Q2

Q3

20

20

21

21

21

59

Adj. EBITDA

65

38

37

23

Q3

Q4

Q1

Q2

Q3

20

20

21

21

21

Revenue

1,350

1,523

YTD

YTD

20

21

Order Backlog

2,513

2,454

2,213

1,307

1,391

Q3

Q4

Q1

Q2

Q3

20

20

21

21

21

  1. Pro forma figures; calculated assuming the acquisitions of BMO Entrep., Artec Aqua and Marcon were undertaken on 1 January 2020, and similarly, that the bankruptcies in Endúr Industrier AS and ØPD

AS occurred on that same date. For actual financial figures, please refer to the half-year report.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Endur ASA published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 07:25:07 UTC.


ę Publicnow 2021
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Financials
Sales 2020 405 M 45,2 M 45,2 M
Net income 2020 -519 M -58,0 M -58,0 M
Net Debt 2020 217 M 24,3 M 24,3 M
P/E ratio 2020 -0,72x
Yield 2020 -
Capitalization 865 M 97,5 M 96,5 M
EV / Sales 2019 0,93x
EV / Sales 2020 2,35x
Nbr of Employees 478
Free-Float 32,4%
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Managers and Directors
Jeppe Bj°rnerud Raaholt Chief Executive Officer
Lasse B. Kjelsňs Chief Financial Officer
Pňl Reiulf Olsen Chairman
Jan Torvald Skaala Manager-Information Technology
Nils Ingemund Hoff Chief Operating Officer