Goodtech — Interim / Quarterly Report 2022

Aug 19, 2022

Continued improvement in EBITDA year-on-year. Improvement initiatives both at a group level and at Åland - as well as increased activity in the Norwegian and Swedish regions contribute to the improvement in the quarter

Increasing demand in our core segments – supported by still strong order intake in the core segments of the group. Important project contracts secured with Wacker Chemicals and Nexans in the quarter

Goodtech continues to deliver on its strategic roadmap. In the quarter, the group agreed to sell its subsidiary Goodtech Solutions Manufacturing AB to BE Group AB – a transaction in line with Goodtech's strategic focus on automation, robotisation and digitalisation

New Chief Service Officer starter in the quarter – increased focus on service contracts, operations support, and after sales in our upcoming projects

Injury statistics and sickness absence trending down

Recruitment continues within the groups core segments. Increased focus on resource allocation, competence and collaboration across the group through hire of new Head of HR

Key figures Q2 2022 | Financial development

Webcast Q2 2022

Consolidated balance sheet (non-audited)

(NOK 1.000)	Note	Q2 22	Q2 21	2021
Fixed assets		50 053	46 264	47 275
Right of use assets		53 374	52 107	47 404
Intangible assets		164 827	147 967	164 386
Deffered tax asset		39 222	40 499	40 014
Total fixed assets		307 476	286 838	299 078
Inventory		7 046	6 252	9 059
Trade receivables		121 691	119 302	109 773
Other short-term receivables		14 519	6 569	10 481
Cash & cash equivalents		89 517	87 355	88 717
Total current assets		232 774	219 478	218 030
Assets held for sale	3	9 801	0	0
Total assets		550 051	506 316	517 109
Paid-in equity	10	485 547	478 297	482 935
Retained earnings		-220 807	-207 400	-222 717
Non-controlling interests		1 220	2 076	1 522
Total shareholders equity		265 960	272 972	261 741
Non-interest-bearing long-term debt		3 533	0	2 758
Interest-bearing long-term debt		5 322	1 748	6 576
Long-term lease liabilities		42 756	41 746	36 898
Total long-term liabilities		51 611	43 494	46 232
Non-interest-bearing short-term debt		175 283	141 183	151 234
Interest-bearing short-term debt		38 581	35 570	44 351
Short-term lease liabilities		13 879	13 097	13 552
Total current liabilities		227 742	189 850	209 137
Total liabilities		279 355	233 344	255 369
Liabilities held for sale	3	4 737	0	0
Total equity and liabilities		550 051	506 316	517 109

Equity & Liabilities MNOK

Goodtech strengthens its position as a leading supplier of industrial efficiency

Sales activity and order backlog

Development in order backlog | MNOK

The order backlog was at 284,1 MNOK by the end of Q2 2022, compared to 278,4 MNOK at the end of last quarter (+2,0%), and 184,9 MNOK at the end of the same period in 2021 (53,6%). Order intake was 165,1 MNOK in Q2 2022, and is dominated by order intake in Goodtech's core segments within automation, robotisation and digitalisation.

Goodtech strengthens its position as a leading supplier of industrial efficiency

Strategic platform

• 1. Strategic re-positioning
• 1. Sustainable growth
• 1. Innovation, digitalisation and creativity
• 1. Efficiency in project, delivery and organisation

Goodtech strengthens its position as a leading supplier of industrial efficiency

Goodtech invests in innovation and technology development

Goodtech employs new technology to continuously offer the most efficient, sustainable and competitive solutions to our customers

MES

Production System

PORTABULK®

Fully-Automated Bagger (FAB)

Outlook Goodtech strengthens its position as a leading supplier of industrial efficiency

Key points

• Well positioned in a growing market within all segments of industrial digitalisation in the Nordics
• Further strategic focus towards the core areas; robotisation, automation and digitalisation
• Strong order backlog and high activity in all regions of the group
• Ongoing investment processes in innovation and development continues as planned – expected to improve Goodtech's value proposition towards key customers

Digital transformation has just

started

9

Thank you!

Margrethe Hauge CEO

Øyvind Osjord CFO