Scana (SCANA) Pareto Securities' 32nd Annual Energy Conference Presentation summary

Financial performance and key metrics

• EBITDA increased from 71 MNOK in FY 2021 to 261 MNOK in FY 2024, showing strong growth.

• Q2 2025 revenue was 396 MNOK, with an adjusted EBITDA of 23 MNOK.

• Order intake in Q2 2025 reached 492 MNOK, and order backlog stood at 1,174 MNOK.

• Cost-reduction measures led to over 60 MNOK in yearly savings and a 10% reduction in group headcount.

• Financial performance strengthened from Q1 to Q2 2025, with improved revenue and adjusted EBITDA.

Strategic initiatives and operational highlights

• Capping stack assembly was finalized, moving into the commercialization phase.

• Strategic review for PSW Power & Automation was reset to align with new objectives.

• Increased focus on prefabrication and frame agreements within PSW Technology.

• PSW Technology secured a frame agreement with Equinor for electrical and mechanical services, with the first option exercised in March 2025.

• High activity periods supported by significant headcount during project turnarounds.

Portfolio and business segments

• Portfolio companies drive growth across offshore, energy, and asset management sectors.

• PSW Power & Automation focuses on energy storage, control, and shore power solutions.

• Seasystems supplies advanced mooring solutions for floating structures, including LNG infrastructure projects.

• New contract awarded for emergency power modules to data center terminals under a framework agreement.

• Customized E-house projects and energy storage solutions are key offerings in the automation segment.