Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Q3 2023 Earnings Presentation
22 slides from Hexicon Ab's earnings presentation, Nov 17, 2023
Slide 1: Interim Report
INTERIM REPORT 2023-11-17
Slide 2: Agenda
AGENDA • Floating offshore wind • Hexicon in brief • Business update • Outlook HEXICON INTERIM REPORT Q3 2023 2 17/11/2023
Slide 3: Hexicon Interim Report Q3 2023
HEXICON INTERIM REPORT Q3 2023 3 17/11/2023
Slide 4: The third generation of wind power – floating wind
THE THIRD GENERATION OF WIND POWER – FLOATING WIND Floating wind power has unique abilities that set it apart from traditional wind power. UNLIMTED POTENTIAL BEYOND THE HORIZON INDUSTRIALISATION 80% of offshore wind resources Flexible site selection that is not The independence of water are in deep
Slide 5: Floating offshore wind
FLOATING OFFSHORE WIND MARKET DEVELOPMENT HEXICON INTERIM REPORT Q3 2023 5 17/11/2023
Slide 6: Floating offshore wind: a global overview
8,150 7,120 FLOATING OFFSHORE WIND 4,250 – 2,694 A GLOBAL 1,200 1,350 OVERVIEW 66 103 59 299 795 2022 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e 2031e 2032e NEW FLOATING WIND INSTALLATIONS, GLOBALLY (MW) Source: GWEC | GLOBAL OFFSHORE WIND REPORT (2023) HEXICON INTERIM REPORT Q3 2023 6 17/11/20
Slide 7: Progress despite an unstable macro environment
PROGRESS DESPITE AN UNSTABLE MACRO ENVIRONMENT Interest rates, inflation and supply- chain bottlenecks Global auctions with mixed results EU Wind Power Action Plan HEXICON INTERIM REPORT Q3 2023 17/11/2023 7
Slide 8: Hexicon in brief
HEXICON IN BRIEF HEXICON INTERIM REPORT Q3 2023 8 17/11/2023
Slide 9: Hexicon in numbers
20.7 GW 4 CONTINENTS WITH gross portfolio PRESENCE HEXICON IN NUMBERS 20+ countries with TwinWind patent 10.8 GW 17+ floating offshore HEXICON INTERIM REPORT Q3 2023 net portfolio wind projects 9 17/11/2023
Slide 10: Our business model
OUR BUSINESS MODELL PROJECT TECHNOLOGY DEVELOPER PROVIDER Hexicon is a global early-stage project developer of floating offshore wind and a technology provider of the patented floating wind design - Early-stage for Next-generation TwinWind . high-value creation floating wind power With local partner
Slide 11: Vision for 2025: development in stages
VISION FOR DEVELOPMENT IN 3 STAGES 2025 Hexicon's value creation occurs in three stages, where each stage strengthens and expands upon the previous one. Stage 3: Commercialisation of Technology Stage 2: Divest & scale PROJECTS TECHNOLOGY FINANCIAL Stage 1: Invest & develop 2023 2025 Ongoing revenues
Slide 12: (Film)
(Film) HEXICON INTERIM REPORT Q3 2023 12 17/11/2023
Slide 13: Portfolio map
PORTFOLIO MAP Sweden UK Ireland Italy Spain South Korea US Greece Portugal NET PORTFOLIO Taiwan CAPACITY: 10.8 GW PROJECTS PROSPECTS South Africa PRESENCE HEXICON INTERIM REPORT Q3 2023 13 17/11/2023
Slide 14: Business update
BUSINESS UPDATE third quarter HEXICON INTERIM REPORT Q3 2023 14 17/11/2023
Slide 15: Highlights during and after the quarter
HIGHLIGHTS • Financing Agreement, with Wallenius group among others, for working capital needs - • MunmuBaram hit maturity gate – development DURING AND AFTER costs capitalized • Prospect into project in South Africa THE QUARTER • Adjusted timeline for TwinHub • Submitted permit application for Dyni
Slide 16: Increased project portfolio
INCREASED PROJECT PORTFOLIO • Gross project portfolio increased to 14,500 MW (7,500 MW), and gross • Net project portfolio increased to 6,700 MW (3,000 MW), and net prospect portfolio amounted to 6,200 MW (5,500 MW), totalling 20,700 prospect portfolio to 4,000 MW (3,500 MW), totalling 10,700 MW (6,
Slide 17: Key projects - progress
KEY PROJECTS - PROGRESS SOUTH KOREA MUNMUBARAM ITALY AVENHEXICON SWEDEN FREJA OFFSHORE Joint Venture with Shell Joint Venture with Joint Venture with MRP The world’s largest floating Avapa Energy Permit applications wind farm A project & prospect submitted for 3 of 4 • Electricity Business portfolio
Slide 18: Key projects - progress
KEY PROJECTS - PROGRESS UK TWINHUB SOUTH AFRICA GENESISHEXICON TwinWind pre- Joint venture with commercial project Genesis Eco-Energy • Technology • 800 MW site off demonstration project Richards Bay • FEED ongoing entered EIA stage – • Construction start advanced from planned for 2024 prospect to p
Slide 19: Sweden – Freja Offshore
SWEDEN – FREJA OFFSHORE Power production beyond the horizon HEXICON INTERIM REPORT Q3 2023 19 17/11/2023
Slide 20: Financial highlights Q3 2023
FINANCIAL HIGHLIGHTS Q3 2023 Floating offshore wind will play a key role in Capitalisation of costs as South Operating the transitionprofit/loss was energy to a fossil-free SEK -27.6 system. Korean project, MunmuBaram, now (-56.2) million reached next level of maturity Cash flow from operating activ
Slide 21: Focus areas ahead
FOCUS AREAS AHEAD Floating offshore wind will play a key role in Actively the engage transition with potential to a fossil-free energy system. Maintain a cost focus on investors for selected projects prioritised projects TwinHub – prepare for FID by Ramp up the EIA work in Italy and engineering and
Slide 22: Thank you for listening!
Thank you for listening! HEAD OFFICE Östra järnvägsgatan 27 111 20 Stockholm, Sweden www.hexicongroup.com