Veidekke — Fund Information / Factsheet 2017

Jun 16, 2017

Fact sheet: Båsum Boring AS

• Båsum Boring AS was established in 1952 by Narve Båsum.
• Headquarters at Krøderen in Buskerud and subsidiary in Trondheim.
• The company has 60 experienced and skilled employees, Trond Båsum is general manager.
• Båsum Boring AS is a provider of drilling services and large and small facilities for
• o water wells/ water supply plants, geothermal drilling/complete energy storage in rock
• o Thermal response test/energy calculation
• o Foundations/steel core piles/mofix foundations
• o Drilling/micro-tunnelling for water and drainage pipes (NoDig)
• o Unblocking/rehabilitation, pipe replacement without digging (NoDig )
• o Installation for complete energy plants/pipe systems with coolant up to technical facilities
• Båsum Boring takes on work across most of the country, but primarily in the Oslo fjord region, interior eastern Norway, the Møre coast, Trøndelag and North Norway.
• The company has central approval for all relevant areas.
• Current ownership structure
• o 90.91% of Båsum Boring AS and affiliate Båsum Boring Trøndelag AS is owned 50/50 by the brothers Stein Båsum and Trond Båsum through Båsum Eiendom AS.
• o 9.09% of Båsum Boring AS is owned by board member Nils Hanstad.
• o 9.09 % of Båsum Boring Trøndelag AS is owned by general manager and board member Hilde Anita Granderød
• Båsum Boring AS is also distributor/supplier of products such as pump systems, heat pump pipes, PE pipes and parts, headers/tanks, well sealants and DEBE covers. It is also a distributor of coolants such as ethanol and glycols; HX 35 and HX 95, MEG 5 and MPG.

	Estimate 2016	2015	2014	2013	2012	2011
Revenue	156	130	157	151	152	145
Operating profit	16	5	16	13	14	19
Earnings before tax	15	4	16	12	13	18
Profit margin	9.6 %	3.3 %	9.9 %	8.1 %	8.7 %	12.5 %

Key figures (in NOK millions):

The company has sound finances with approximately NOK 40 million of book equity at the end of 2016.

For more information, see www.basum.no