Vow ASA: Updated Company Presentation showing improved gross margin and available liquidity

03 Sep 2024 10:24 CEST

Oslo, 3 September 2024 - Vow ASA presented results for the second half of 2024
on 29 August 2024. The report documented that revenues are increasing. Profits
are on the rise. The order backlog is solid and consists of contracts that will
further improve gross margins in the coming quarters.

The half-year report also confirmed that amendments had been agreed in the
company's loan agreement, subject to a successful private placement. No decision
has been made in this respect but pre-sounding with potential investors is
continuing. The company is also considering other ways to strengthen its
financial position.

Based on the half-year report and material presented last week, the company has
prepared an updated Company Presentation. This presentation is attached hereto
and is also available on the company's website.

The Company presentation includes more information on margins in backlog and
development in expected available liquidity, see page 9 and 37 respectively.


For more information, please contact:

Henrik Badin, CEO, Vow ASA
Tel: +47 90 78 98 25
Email: henrik.badin@vowasa.com

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com


Important Notice

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "aim", "expect",
"anticipate", "strategy", "intends", "estimate", "will", "may", "continue",
"should" and similar expressions. Any forward-looking statements in this release
are based upon various assumptions, many of which are based, in turn, upon
further assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict, and are beyond their
control. Actual events may differ significantly from any anticipated development
due to a number of factors, including without limitation, changes in public
sector investment levels, changes in the general economic, political and market
conditions in the markets in which the Company operates, the Company's ability
to attract, retain and motivate qualified personnel, changes in the Company's
ability to engage in commercially acceptable acquisitions and strategic
investments, and changes in laws and regulation and the potential impact of
legal proceedings and actions. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors nor does it accept any responsibility for the future accuracy of the
opinions expressed in this announcement or any obligation to update or revise
the statements in this announcement to reflect subsequent events. You should not
place undue reliance on the forward-looking statements in this announcement. The
information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement. This announcement is for information purposes only
and is not to be relied upon in substitution for the exercise of independent
judgment.


Alternative Performance Measures (APM)

Certain financial measures and ratios related thereto in this release, including
gross margin (collectively, the "APMs"), are not specifically defined under IFRS
or any other generally accepted accounting principles. These measures are
presented in this release because they are among the measures used by Management
to evaluate the cash available to fund ongoing, long-term obligations and they
are frequently used by other interested parties for valuation purposes or as a
common measure of the ability of a company to incur and meet debt service
obligations. These measures may not be comparable to other similarly titled
measures of other companies and are not measurements under IFRS or other
generally accepted accounting principles, and you should not consider such items
as alternatives to profit for the year, total operating revenues, operating
income or any other performance measures derived in accordance with IFRS, and
they may be different from similarly titled measures used by other companies.

Gross profit represents operating revenue less cost of goods sold and allocated
project hours.

Gross margin is gross profit in per cent of revenue.

Liquidity reserve is defined as the Company's available cash and cash
equivalents plus available liquidity through overdraft and credit facilities.


About Vow ASA

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and
material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres
can be converted into clean energy, low carbon fuels and renewable carbon that
replace natural gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and the company's
capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and
valorisation of waste. It also has strong niche positions in food safety and
robotics, and in heat-intensive industries with a strong decarbonising agenda.
Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).

More information:
Access the news on Oslo Bors NewsWeb site

626915_Project Wave - Company Presentation.pdf