Soiltech (STECH) Fearnley Securities Renewables & Clean-Tech Conference Presentation summary

Company overview

• Innovative technology company specializing in on-site treatment, recycling, and sustainable handling of contaminated water and solid waste, primarily for the oil and gas industry.

• Market-leading waste management technologies contribute to reduced carbon emissions in the energy sector.

• Operates in 8 countries with 125 employees, serving a global client base.

• Listed on Euronext Expand in September 2024, signaling growth ambitions.

Financial performance and growth

• Achieved six consecutive years of growth and profitability, with 2024 LTM revenue at NOK 251 million and adjusted EBITDA at NOK 51 million.

• Maintains strong EBITDA margins, supported by proprietary technologies and recurring revenues from medium and long-term contracts.

• Invested NOK 100 million in new equipment to support future growth, with additional upside expected as assets are deployed.

• Approximately NOK 200 million (67%) of equipment is currently at work, with NOK 100 million (33%) available for further deployment.

Technology and services

• Offers a full portfolio of cleantech waste management services, including water/fluid treatment, cuttings handling, cleaning, and associated services.

• Slop treatment technology (STT) enables high-capacity, energy-efficient recovery of contaminated water, supporting a circular economy.

• Remote operations for cuttings handling reduce personnel on board and improve efficiency.

• Services span the entire oil and gas field lifecycle, from exploration to decommissioning.