UIM services essential for society

Ageing sewerage systems are a major problem for society

Poor current state of sewerage systems
Aging infrastructure Significant investment need Consistent service need Threat from severe weather

Average network ~40 years old and in some cases they are almost two times past their life expectancy

Only ~1% p.a. of the sewerage systems are renewed in Norway

~30% average leakage rate in Norway

Severe weather further exacerbates sewerage systems condition

UIM services essential for society

  • Increase the life of sewerage systems
  • Continuous maintenance prevents flooding and the spread of water-borne diseases
  • Integral part of the sewerage system value chain – essential for society every day of the year
  • Drainage and other services mission critical for institutions from utilities to hospitals
  • The UIM industry has its own UN sustainability target (#6 water and sewerage systems) and is crucial for implementation of UN target 11 and 13

The systems are old and in need of constant maintenance

Average age of sewers Share of sewers to be renewed Overall condition of the sewerage system Planned investments in the underground infrastructure
NOK ~3.0bn TAM
~32 years ~1.0%
p.a. from 2017 to 2040
Overall bad condition with
~30% leakage
NOK ~4.8bn
p.a. from 2021 to 2040
NOK ~26bn TAM
~40 years
on average ~30% older than 50 years
0.8-1.2% Overall bad condition with
of sewers with medium to strong damages
Investments are significantly lower than the needed investment estimated
EUR 13.5bn p.a.
NOK ~4.0bn TAM
~40-50 years ~0.5%
p.a. from 2002 to 2017
Overall bad condition with
~15% leakage
NOK ~4.0bn
p.a. from 2017 to 2047
NOK ~3.0bn TAM
~35 years n.a Overall good condition with
~6% leakage
NOK ~11.0bn
p.a. since 2012

Total current addressable market1 (TAM) NOK ~36 billion

Potential European UIM martket2 NOK ~140 billion

1Norway, Germany, Sweden and Denmark. 2020 estimates.
22020 estimates.
Source: Norva24 Offering Memorandum, 2021