Boostheat Sas · EURONEXT:ALBOO
Boostheat Sas — Boostheat — Oddo Forum 2020
26 slides from Boostheat Sas's conference presentation, Jan 9, 2020
Slide 1: Investors Presentation - Oddo Forum, 9 January 2020
INVESTORS PRESENTATION Oddo Forum - 9 January 2020
Slide 2: Your Contacts
YOUR CONTACTS Yves CHABANON Chief Financial Officer 30 years’ experience in international operations and operational finance positions (Bouygues, Dell). Graduate of École Centrale de Paris. Philippe DUJARDIN CEO BOOSTHEAT France 30 years of experience as Director of Business Development, Financial D
Slide 3: Greenhouse gas emissions must be reduced by 45% by 2030
1 -45% Greenhouse gas emissions must be reduced by 45% by 2030 compared with their 2010 level to limit global warming to 1.5°C. 1Intergovernmental Panel on Climate Change (IPCC), October 8, 2018 2
Slide 4: Heating systems: a major driver of energy transition
HEATING SYSTEMS: A MAJOR DRIVER OF ENERGY TRANSITION ~ 50% of European boilers are Home heating older than accounts for 25 years 1 ~ 25% of worldwide energy consumption2 12016 European Commission Report (An EU Strategy on Heating and Cooling) 2Data from International Energy Agency - https: //iea.org
Slide 5: Gas, a natural vector of energy transition
GAS, A NATURAL VECTOR OF ENERGY TRANSITION BOOSTHEAT takes the gas sector into a new energy era… AVAILABLE3 Current electricity production is not sufficient for energy transition >13+ new required nuclear power plants ECONOMICAL 2 or Cheaper than electricity 10x new required throughout Europe wind f
Slide 6: Thermal compression, a technological breakthrough for a next-gen heating solution
THERMAL COMPRESSION, A TECHNOLOGICAL BREAKTHROUGH FOR A NEXT-GEN HEATING SOLUTION BOOSTHEAT.201 GAS EE2 ≈ HEAT 200% RE3 SOTA4 Condensing boiler1 GAS EE2 ≈ 100% HEAT Plain old boiler1 EE2 LOSS GAS ≈ 70% 1Company estimate 2Energy Efficiency 3Renewable Energy 4State-of-the-art HEAT 5
Slide 7: BOOSTHEAT launches the new generation gas boiler
BOOSTHEAT LAUNCHES THE NEW GENERATION GAS BOILER THAT CUTS BY UP TO HALF ENERGY CONSUMPTION1 INDOOR UNIT A condensing boiler fitted with a hot-water tank and a separate burner THE THERMODYNAMIC MODULE BOOSTHEAT thermal compressor activates a CO2 thermal heat pump cycle (BOOSTHEAT innovation) OUTDOOR
Slide 8: BOOSTHEAT at a glance
BOOSTHEAT AT A GLANCE EFFICIENCY GAINS THROUGH THERMAL COMPRESSION 188% in aerothermal application (A7) | 229% in geothermal application (W10) 7 FAMILIES OF PATENTS AND CE MARKING SINCE 2018 Regenerative thermal compression | Multi-level architecture | Micro-cogeneration PLANT CAPACITY EXPANSION Up
Slide 9: Sales focus on renovation
Boiler/Heat pump 1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy European yearly market size1: SALES FOCUS ON RENOVATION 6.5m YEARLY MARKET POTENTIAL3 Market worth France Renovation (Individ. housing) 79,000 €3.3bn/yr4 market accounts for G
Slide 10: A growing market driven by the most efficient solutions
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy A GROWING MARKET DRIVEN BY THE MOST EFFICIENT SOLUTIONS Traditional boilers Condensing gas Heat pumps Traditional boilers Condensing gas Heat pumps (fuel oil, gas) boilers (electric) (fuel oil
Slide 11: BOOSTHEAT.20: the eco2-efficient solution
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy BOOSTHEAT.20: THE ECO2-EFFICIENT SOLUTION +ECO-FRIENDLY +ECONOMICAL 30,000 kWh/yr CLEAN REFRIGERANT FLUID Energy bills France Germany CO2 is 2,000 times less polluting BOOSTHEAT.20 €998/yr3 €9
Slide 12: BOOSTHEAT.20: the new benchmark solution in heating systems
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy BOOSTHEAT.20: THE NEW BENCHMARK SOLUTION IN HEATING SYSTEMS + MORE EFFICIENT Up to 150% seasonal efficiency 30,000 20 kW power all year round thanks kWh/yr to combined architecture Manufacture
Slide 13: Comprehensive manufacturing site already in place
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy COMPREHENSIVE MANUFACTURING SITE ALREADY IN PLACE Nov. 2018: 1st series production of BOOSTHEAT.20 Plant measuring 7,000 m2 €5m capital expenditure 96 employees2 at BOOSTHEAT of which 32 in Ma
Slide 14: Highly attractive unit economics for BOOSTHEAT.20
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy HIGHLY ATTRACTIVE UNIT ECONOMICS FOR BOOSTHEAT.20 IN MID TO LONG TERM ASSUMING UTILISATION OF 75% OF PRODUCTION CAPACITY TARGET UNIT ECONOMICS PRODUCTION CAPACITY Purchase price of Production
Slide 15: European deployment plan already underway
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy EUROPEAN DEPLOYMENT PLAN ALREADY UNDERWAY Mid to Long term +3 years targets Up to 25% 2019 target ≈ 4,500 Current operating income BOOSTHEAT.20 ordered per year 381 Break even in recurring BOO
Slide 16: French market: a network currently being set up
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy FRENCH MARKET: A NETWORK CURRENTLY BEING SET UP 1 sales subsidiary: BOOSTHEAT France Philippe DUJARDIN 15 employees BOOSTHEAT France CEO SALES INSTALLER ORDERS SALES AGENTS AGENTS PARTNERS AS
Slide 17: Swiss market: structuring partnership formed with Holdigaz
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy SWISS MARKET: STRUCTURING PARTNERSHIP FORMED WITH HOLDIGAZ Luisa Helms 1 sales partner: NOVOGAZ, a HOLDIGAZ Group company BOOSTHEAT Vice-Chairwoman A PRIVILEGED BOOSTHEAT.20 A LEADING PLAYER R
Slide 18: German market: partners on board for product launch
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy GERMAN MARKET: PARTNERS ON BOARD FOR PRODUCT LAUNCH IN SEPTEMBER 2019 1 sales subsidiary: BOOSTHEAT Deutschland Norbert Dischinger 4 employees BOOSTHEAT Deutschland CEO PARTNERS ORDERS CREATIO
Slide 19: BOOSTHEAT.50: a natural offer extension
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy BOOSTHEAT.50: A NATURAL OFFER EXTENSION +B2B EXPECTATIONS 2022 Commercial launch PERFORMANCE 2021 Internal rate of return (IRR) under 5 years Development & pilots RELIABILITY 2020 Product life
Slide 20: Product roadmap
1 Attractive market | 2 Value proposition | 3 Ready to scale | 4 Market access secured | 5 Product strategy PRODUCT ROADMAP 2020 BOOSTHEAT 2020 SOLAR ENERGY 2022 BOOSTHEAT.50 DEVELOPMENT CONNECT COMBINATION PRODUCT Product launch for Data collection for consumption Combination with solar thermal ene
Slide 21: Growth strategy - use of proceeds
GROWTH STRATEGY - USE OF PROCEEDS COMMERCIAL DEPLOYMENT: strengthened sales teams MARKETING: Capital digital acquisition, technical and training center increase €36.9m GO2MARKET GLOBALIZATION: subsidiary development, new markets 60% WORKING CAPITAL: sales cycle financing RESEARCH: power ranges, tech
Slide 22: Reasons to invest in a socially responsible business
5 REASONS TO INVEST IN A SOCIALLY RESPONSIBLE BUSINESS BOOSTHEAT.20 addresses a €3.3bn/yr market, or 232,400 boilers/yr, awaiting an efficient and sustainable solution A more economical and eco-friendly product based on a major technological breakthrough in the heating industry An operational indust
Slide 23: ESG at the heart of BOOSTHEAT's operations
ESG AT THE HEART OF BOOSTHEAT’S OPERATIONS Opportunity score: 75/100 Rated as a “Sustainable leader” for its major contribution to the UN’s Sustainable Development Goals Top ESG Ranking ESG maturity score: 58/100 “Advanced” maturity Sector average: 43/100 Source: BOOSTHEAT extra-financial scoring –
Slide 24: Energy unites people - Thank you
ENERGY UNITES PEOPLE 2 4 #Act4Climate #FeelTheChange THANK YOU
Slide 25: Shareholder agenda
SHAREHOLDER AGENDA Euronext compartment C Market : Euronext Paris ISIN code : FR0011814938 Ticker symbol : BOOST 2020 calendar ICB Classification : 0583- Renewable Energy Equipment Eligible for PEA & PEA-PME Oddo Midcap Event - Lyon 9 January 2020 Berenberg French Conference - London 15 January 2020
Slide 26: Investors Presentation
© Aurélien Audy/BOOSTHEAT; Thanh Ha Bui/BOOSTHEAT; DR; iStock; Shutterstock INVESTORS PRESENTATION