Norbit (NORBT) Investor presentation summary

Strategic vision and growth ambitions

• Aims to achieve NOK 6.0 billion in organic revenues by 2030, supported by all three business segments and accretive acquisitions.

• Targets a 19% organic revenue CAGR and an EBIT margin of 20–25% through 2030.

• Maintains a diversified business model with a strong corporate culture and focus on market-driven innovation.

• Strategic priorities include strengthening core segments, broadening product offerings, and targeted M&A.

• Long-term ambition to deliver over 30% return on capital employed.

Segment-specific ambitions and market drivers

• Oceans segment targets NOK 2.0 billion in revenues by 2030, driven by demand for ocean mapping, security, and offshore infrastructure.

• Connectivity aims for NOK 1.5 billion in 2030 revenues, leveraging secure wireless tech and expanding into adjacent markets.

• Product Innovation & Realization (PIR) targets NOK 2.5 billion in 2030 revenues, focusing on defense, industrial, and Made in Europe demand.

• Each segment pursues selected M&A to expand market access and customer base.

• Enablers include in-house R&D, scalable manufacturing, and strong technology partnerships.

Financial framework and capital allocation

• Maintains a solid balance sheet with a target NIBD/EBITDA ratio of 1.0–2.5x.

• Invests 4–6% of revenues in R&D and 3–4% in PPE to support organic growth and automation.

• Focuses on capital efficiency, targeting working capital at 20% or below of revenues.

• Accelerates growth through disciplined M&A, with annual average investments increasing significantly post-2023.

• Dividend policy aims to pay out over 30% of net profit, balancing shareholder returns with growth flexibility.