Soiltech (STECH) Pareto Securities' 33rd Annual Energy Conference presentation summary

Company overview and business model

• Fast-growing technology leader in waste management with two main areas: fluid treatment and solid waste management.

• Achieved over 30% CAGR in revenue and EBITDA over the last five years.

• Operates globally with 155 employees and headquarters in Norway.

• Recurring revenues from long-term contracts with blue-chip clients.

• Market-leading technologies and strong contract portfolio across multiple rig types.

Financial performance and targets

• Consistent strong revenue growth and solid margins, targeting NOK 1 billion in revenue by 2030.

• EBITDA margin target above 25% and ROCE minimum 15%.

• Record high investment levels in 2026, with NOK 250M in equipment orders year-to-date.

• Maintained ROCE between 11% and 15% during high investment periods.

Market position and client base

• Holds a 60% market share in Norway's mobile rig fluid treatment and 10% in solid waste management.

• Serves major clients including Equinor, TotalEnergies, ConocoPhillips, AkerBP, and others.

• 31 contracts, with 21 extending into 2028 and beyond, providing strong visibility.

• Significant growth opportunities by expanding scope of work on existing contracts.