Studsvik : Presentation Q3/2023

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INTERIM REPORT, Q3 2023

CEO Camilla Hoflund

October 20, 2023

STUDSVIK IN BRIEF

GLOBAL TRENDS	THE COMPANY
Drivers for nuclear energy	Innovating Nuclear Sustainability
•	Climate change	Global presence
•	Geopolitical situation	Sales 815 MSEK
• Energy need and shortage	520 employees
•	Swedish Government more
Listed on Nasdaq Stockholm Small Cap
	positive towards nuclear
	power

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QUARTER IN BRIEF

• A stable performance in the quarter
• • Good performance within business area Decommissioning and Radiation Protection Area.
  • Positive trend within business area Fuel and Materials Technology after re-planning of the production.
• A strategic agreement was signed with GNS Gesellschaft für Nuklear-Service for Studsvik's patented inDRUM technology on the German market.
• External interest shown in land at Studsvik site for building SMR:s and one stakeholder is Kärnfull Next who is performing a pre-study.

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GROUP SUMMARY

	Quarter	9 months	Full year
	Q3-2023Q3-2022	2023	2022	2022
Sales, SEK million	195.2	195.3	597.6	586.2	814.8
Operating profit, SEK	22.9	26.1	44.8	41.3	74.9
million
Operating profit	11.7	13.4	7.5	7.0	9.2
margin, %

Stable third quarter with a favorable outlook

• The financials are slightly lower for the quarter, but on a stable level for 9 months.
• The performance in the different business areas varies.

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DECOMMISSIONING AND RADIATION PROTECTION SERVICES

PROVIDING EXPERTISE & EXPERIENCE

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QUARTERLY OVERVIEW

DECOMMISSIONING AND
RADIATION PROTECTION	Quarter	9 months	Full year
SERVICES
	Q3-2023	Q3-2022	2023	2022	2022
Sales, SEK million	86.1	72.7	263.1	222.2	292.7
Operating	5.0	1.7	19.0	6.9	10.3
profit/loss, SEK
million
Operating profit	5.9	2.3	7.2	3.1	3.5
margin, %

Strong demand and maintenance services

• Continued high market demand in Germany and Switzerland.
• Efficient utilization of the staff and a stable progress in decommissioning projects.
• Improvement of the first 9 months compared to last year.

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FOCUS AREAS

• Be creative in employer branding to retain and attract qualified people in a market where demand for personnel is higher than the supply.
• Expand and combine services within decommissioning and business area Waste Management Technology, such as the cooperation with Oskarshamn Nuclear Power Plant and GNS in Germany.
• Broaden our customer base both in Germany, Switzerland, Belgium and the Netherlands by being close to the customers and through strategic cooperations.

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FUEL AND MATERIALS

TECHNOLOGY

THE INTERNATIONAL LABORATORY

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QUARTERLY OVERVIEW

FUEL AND MATERIALS	Quarter		9 months	Full year
TECHNOLOGY
	Q3-2023	Q3-2022	2023	2022	2022
Sales, SEK million
68.1		66.4	214.8	235.0	322.9
Operating profit, SEK	16.9		11.7	29.8	36.9	52.5
million
Operating profit	24.9		17.6	13.9	15.7	16.3
margin, %

Production adjustments due to delayed transport

• Management has re-planned the operations, to deliver to a greater extent from the existing backlog.
• The adjustments start to have a positive impact on earnings in the quarter.
• Another positive impact is earnings of SEK 5.0 million from the sale of land on the Studsvik site (last year SEK 4.5 million) .

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FOCUS AREAS

• Ensure that we deliver on the re-planned production schedule for the rest of the year.
• Solve the transport issues with customer, carrier and authorities to obtain necessary licenses for shipment.
• Be responsive to market changes including, e.g. within the Small Modular Reactors (SMR:s) area.
• Sales and customer activities on markets where new nuclear is being promoted such as Sweden, UK, France, US, South Korea and China.

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