Good afternoon, and welcome to Beerenberg's second quarter 2024 presentation. Presenting today is myself, Arild Apelthun, I'm the CEO of the company, and Harald Haldorsen, the CFO of the company. The usual disclaimer. Now, the agenda for today, of course, is starting out with the big news. Altrad has made an offer to acquire all the shares in the company. We'll get back to that in a little bit. We'll have the highlights, financial performance, ESG, and then we have some additional information that will be available in the slides. The Altrad offer was the big news today. Offer price was 41.5 NOK. It's a premium compared to the closing price on the 4th of July. So the offer price is. It gives the market capitalization of Beerenberg around 1 billion NOK. There is also a pre-acceptance from Camar, the second largest shareholder in Beerenberg. And we expect this offer to start no later than sixteenth of September. There is also some conditions related to the offer that is listed in the presentation. The offer documents will be, of course, including all these details. Second quarter highlights: Business, 800 million NOK in revenue in the second quarter. That's an all-time high for Beerenberg. It reflects a very, very high level of activity pretty much across the board in Beerenberg. 30% up from last year. EBITDA 84, that's also a significant increase, and again, it's related to very high activity and good performance overall in the group. First half of the year, of course, then is 1.4 billion NOK in revenue, 142 in EBITDA. That's a margin of about 9.8%. And it reflects a high activity level and, of course, good performance overall. We also have given a guidance to what we think the EBITDA will be this year, and we're looking at between NOK 280 million and NOK 300 million for the full year of 2024. So just to recap the highlights, we're looking at all-time high activity. We also done some reorganization in order to highlight the growth areas, the technology areas. I'll get back to that in a little bit. We have very high activity in the carbon capture project, which is outside oil and gas. We have had a number of turnarounds, shutdowns, if you will, going on in the quarter, and that, of course, drive the activity high, higher. We have strong order intake this quarter, several new significant contracts. And then finally, the large contract that we won in the first quarter is starting up, but it has a fairly minor impact on the quarterly figures. The segments, as I said, we've sort of reorganized a bit. Previously, we had our products division separately. Now, we're combining that with more robotics activities, which is growing, still growing very rapidly, and also with mechanics and mechanical activities. The service segment is still the largest, by far, segment that we have. That is consisting of traditional ISS services. And here, the visualization of it. Order backlog NOK 10.3 billion at the end of the quarter and a good order intake for the second quarter. Now, if we look at the service division, we have secured a number of interesting projects in the quarter. The frame agreement with Yara is an extension of a previous frame agreement, and forms the foundation for a very high activity also outside our oil and gas business. We have a new build contract with Aker Solutions, relating mostly to insulation. And finally, we have also grown outside of oil and gas in the infrastructure business that we're growing now organically, where we secured a fairly large contract with a Gaia Vesterålen facility at Sortland. From an operational perspective, I mentioned there are the turnarounds that drives activity both offshore and onshore. We also had the carbon capture project that also is very high activity for us. And it's worth mentioning that the capacity constraints that we reported also previously is still very much an issue for our business. Securing enough qualified personnel is a main challenge for us, and it's also a big challenge for the industry, really. And then finally, the Ekofisk contract, we started up, we mobilized first time in June, so has very, very limited effect on the second quarter figures. Of course, that will change in third quarter. For the outlook, obviously, the mobilization and build up on the Ekofisk will affect obviously the Q3 figures and beyond. There is still quite a bit of cost pressure in this industry. I mean, salary increase, of course, is something that is only partially reflected in the Q2 figures, and there is ongoing issue with increasing salaries, and increasing really labor cost, and that also includes related costs like transportation and lodging. Yeah. And finally, Pipe-in-Pipe materials is now finally pre-qualified. And so we're have big expectations related to insulation material for subsea application going forward. Advanced Solutions, our products, robotics and mechanical area. We had a very interesting contract for decommissioning. It's mainly a mechanical contract in the U.K. sector that looks that will be ongoing for several years. And we also have a fairly large contract for robotics in Brazil, so it's growing steadily, as it has been, and there is quite a bit of interest around our robotic solutions. We have also seen in this quarter growing activities in Norway, especially in the North Sea, but also onshore. And we also see that there is a growing interest internationally for our robotics business. We have had slightly or higher product sales in Europe, especially insulation products. However, we still see Asia as being very slow. There is a lot of delays still on a lot of the contracts in Asia, and that does affect our figures. And then, of course, the, there is, quite a bit of activity in mechanical, and we're also doing a fairly large project at Kårstø that will happen in Q3, so that looks really promising. So outlook, increased mechanical activity for sure, both on, on the decom side and also on the onshore, activities. And we're also seeing that there is a number of tenders, discussions, ongoing interest, really, relating to our robotics, business, and it's pretty much from all over the world at the moment. So that looks very, very promising. Okay, Harald, maybe you should, present the, the financial performance. Yes. Thank you, Arild. I'm delighted to present the financial performance for the second quarter, 2024, and I'd like you to remember a few things from this quarter. We had an all-time high revenue of 802 million NOK. Never seen anything like that, and we've had an all-time high EBITDA in the quarter with 84 million NOK. Also, the finance cost is down compared to last year, and we expect it to be half what it was in 2023. Still, depreciation and amortization is stable, and we have a net profit in the quarter of 43 million NOK. Let me do the new segments reporting. We had a revenue growth of 27% compared to the second quarter last year, ending at NOK 723 million, and mostly explained by high activity within the turnarounds we've seen in the quarter, both onshore and offshore. We did a startup of a new asset, Ekofisk, but it's very limited effect in the second quarter. We see that in the third quarter that effect is more solid. And of course, as Arild mentioned, the carbon capture and storage project in the Grenland area, with also high activity within the quarter. So ending at an EBITDA of NOK 74 million, up from NOK 56 million last year, and the order intake in that segment is NOK 240 million. Advanced Solutions also with high activity ending at NOK 92 million this quarter, compared to NOK 59 last year. And we see robotics increasing in all segments within splash zone, ship hull, and confined spaces. So all segments increase in robotics. Product sales in total, kind of slow, with Europe improving, but Asia still slow. So the message is the same as we've told you before. And the mechanical services at a decent level in the quarter, but we expect it to increase going forward to the third quarter, with the Kårstø project as the main driver. And the order intake of NOK 270 million. Okay, what about the cash flow? First, the equity ratio is 43%, and the cash flow from operating activities is positive NOK 64 million. We see that net working capital increasing. That's what we told you in the first quarter presentation, that we expected the net working capital to increase going into Q2. And because, you know, the activity is increasing, and it’s also about the timing of payments. But we did also the earn-out of the Remotion shares in June, in the second quarter, and that's also increasing net working capital. But going forward, we expect that the net working capital to decrease. So just give you the picture that we've shown you before, it's on a fairly high level, but it's activity-driven, mostly, and we expect it to decrease going forward and be between the range that we've said before, 4%-7% of the revenue in the quarter. So expecting some cash release going forward. Yes, and also, the CapEx is somewhat high, what it used to be. We had normally a CapEx or maintenance CapEx between NOK 40-50 million a year. This year, we expect it to end at NOK 100 million, but half of it is connected to growth CapEx within frame agreements. Remember Ekofisk, huge contract, six years, probably 12 years, or possible 12 years, and we need equipment to run that kind of huge projects, and also robotics. We see increase in demand, and we build new robots to make the projects come through. So NOK 100 million this year, expected CapEx. I told you in the first quarter that we expected to increase our long-term financing in the second quarter. We did that in July, so that effect will be valid for the third quarter, and that is due to the CapEx growth we see. So from the NOK 100 million in CapEx, we have a long-term financing of NOK 30, and that's due to delayed agreements on different equipments, and the financial covenants we have a significant headroom on that one. Just briefly about the ESG, we have a positive trend on accident frequency, and that's very important for us because it's more or less our license to operate. We did the reporting on the Norwegian Transparency Act, and we have redefined the base year of Scope 1 and 2, and we will also report the Scope 3 in due time for next year. Yes, and then we have some additional information, as well as the second quarter report, which is also available online on our web page or at Oslo Børs. So feel free to ask any questions. Okay, so we had a few questions coming in. One of the questions was, "Have the CEO and the CFO irrevocably accepted the offer?" And the answer to that is yes, we have accepted that offer. The next question is again related to the offer, and the question is: "Is there any way that the price may be rejected and increased?" And of course, any competing offer or similar would obviously have that impact. Yeah, I think that's... We'll leave it at that. And then, there is a question here on the margin development in robotics standalone, and I think we can say that the margin development on robotics standalone is good. It's increasing because it's driven a lot by utilization, and so the higher utilization, the more activity we get on our robot fleet, the higher the margin will get. So it is increasing, and we're also expanding our portfolio of robots, which you can see, basically see in the CapEx. Yeah, I think that looks like that covered all of the questions so far. Mm-hmm. Okay, I would like to take the opportunity to apologize for the technical issues we had in the beginning, but okay, hopefully it worked out in the end. Thank you very much for listening.