Slide 1: Preliminary Group results FY 2024
Preliminary Group results FY 2024 CORPORATE FINANCE FINANCIAL RESTRUCTURING FINANCIAL AND VALUATION ADVISORY April 2025 HL.com
Slide 2: Financial Highlights Q4 2024
FINANCIAL HIGHLIGHTS Q4 2024 REVENUE (EURm) • Q4 revenue was 4.5m EUR. Much weaker quarter than expected with some postponement of customer purchases • Cumulative revenue for FY reached 16.9m EUR EBITDA (EURm) • In November, we sold our shares in TÜV Süd Battery Testing to TÜV Süd which improved our
Slide 3: Profit and Loss FY 2024
PROFIT AND LOSS FY 2024 EURm Income Statement FY 2024 FY 2023 • FY 2024 revenue of 16.9m EUR were well below our Revenues 16.9 56.1 expectations reflecting a very difficult market environment Increase in contract assets portfolio -0.2 0.9 Other own work capitalised 2.9 0.5 that continued throughout
Slide 4: Cashflow FY 2024
CASHFLOW FY 2024 EURm Cash Flow Statement FY 2024 FY 2023 Cash and cash equivalents at beginning of period 4.4 3.0 Cash flow from operating activities -7.4 2.8 Cash flow from investing activities 2.6 -10.8 Cash flow from financing activities -2.5 9.5 Net change in cash and cash equivalents -7.3 1.4
Slide 5: Balance Sheet YE 2024
BALANCE SHEET YE 2024 EURm Balance Sheet Dec 31, 2024 Dec 31, 2023 Total Assets 30.6 69.3 A. Non-current assets 23.3 25.5 B. Current assets 7.3 43.8 Equity and liabilities 30.6 69.3 A. Equity 6.0 13.5 B. Non-current liabilities 5.0 8.3 C. Current liabilities 19.6 47.5 • Total Assets dropped from 69.
Slide 6: CEO Dr. Joachim Damasky: operational update
CEO Dr. Joachim Damasky: operational update
Slide 7: Markets and Customers
Markets and Customers Focus applications Mobility Stationary Industries xEV 2-& 3-W Commercial Defence eOff- Marine eVTOL eRail AGV FTM BTM vehicle highway Immersion Immersion cooling cooling Applications eBus eTruck Grid C&I Res. UPS PHEV/FHEV MHEV BEV Focus Mobility Storage • New: Defence (Vehicle
Slide 8: Status Quo
Status Quo How was 2024? • LION Smart was a reliable supplier to mobility customers (e.g. Supplier Award Karsan) • Immersion cooled Battery successfully integrated and race-track-tested at German Premium OEM • Measures taken to participate stronger in the storage market for LION Smart. How will 2025
Slide 9: Immersion Cooled Batteries
Immersion Cooled Batteries Performance Ultra fast Cars (Plug-in-Hybrids) charging (Battery Electric Trucks) Combining highest Target charging rates with Application optimal cooling for long lifetimes Race car like Sportscar High-performance 1,4-5 kWh 5-10 kWh model 15-30 kWh Strategic • More electri
Slide 10: Immersion Cooled Batteries: Our solution outperforms OEM batteries
Immersion Cooled Batteries Our solution outperforms OEM batteries in series Benchmark Repeated Acceleration Vmax Electric LION Smart 80-200 km/h 140 km/h solution is able 350 16 350 20 OEM series to provide … Temperature Increase Speed [km/h] / Power Temperature Increase Speed [km/h] / Power 300 14
Slide 11: Next Gen Megawatt-Charging (MCS) for Heavy Duty Vehicles
Next Gen Megawatt-Charging (MCS) for Heavy Duty Vehicles Status Quo: Next Gen MCS: • Current battery systems enable • LION Smart received a request for a reach >500 km with 1 MW during concept from major German OEM legally prescribed driving breaks • Major Truck and Bus OEMs will demonstrate chargin
Slide 12: Running Business
Running Business Addressable HV battery market for Portfolio extension Highlights selected heavy duty vehicles • Energy upgrade “NMC+” will • Partnership with hofer fundamentally open up powertrain on project addressable market: acquisition and • LION Smart designs of development modules, BMS and S-
Slide 13: Summary
Summary Outlook 2025: Year of Transition – Revenue of 28-35m€ and positive EBITDA • Ramp Up LION Smart Mobility Power 53 (“energy upgrade i3-pack”) • Role Out product variants • Continue successful integration-activities at new customers • Prepare Grid-Business with BESS-products • Win first BESS-pr
Slide 14: Disclaimer
Disclaimer THE MATERIALS SET FORTH IN THIS PRE SENTATION DO NOT CONSTITUTE EITHER AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF OFFERS TO BUY SECURITIES. ANY SUCH OFFER OR SOLICITATION WILL ONLY BE MADE PURSUANT TO A SUBSCRIPTION AGREEMENT, A FINAL PRIVATE PLACEMENT MEMORANDUM, OR ANOTHER OFFIC
Slide 15: Strictly Confidential. Not for Distribution.
Strictly Confidential. Not for Distribution.