Soiltech AS - Presentation pdf
Entrepreneurial Success story: Soiltech Jan Erik Tveteraas Chairman Venture Showcase 28 April 2015 1 Soiltech in brief Drilling waste management Revenues and profit before tax (MNOK) Revenues Clients Profit before tax Ekofisk Operations Rowan Gorilla VI 2 Valhall Maersk Reacher Product development Technology focus is key for Soiltech offering • • • • • All sales and ops personnel involved in R&D Product development based on client cooperation and feedback Facility at Voll for R&D and testing Patented cuttings treatment technology (CTT) The slop treatment technology (STT) is industry leading Breakthrough within Plug & Abandonment Offshore operations Sales 3 Engineering support R&D center Voll, Norway Financing plan and sources Public linked funding Mentor Program (2011) LOOP Program (2011) IRD Program (2011) Startup grant (2011) IRD Program (2011) Environmental Technology Program (2015) Industrial Venture Private funding Private Investors Founders Share issue 2012 Share issue 2014 Bank/Equipment financing 2014 4 Don’t forget Business model Competence Rental model or sell equipment? Or combination Senior management - Industry experience - Technical and commercial Rental model – advantages - Recurring revenues - Cash flow visibility - Hedge to turbulent times Board - Industry competence - Finance competence Household HSEQ Good for the client Good for the Company SG&A control Technology protection 5 Thank you! Soiltech AS, Hammaren 23, 4056 Tananger, Norway. www.soiltech.no 6
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