Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Q3 2020 Earnings Presentation
10 slides from Alfen Nv's earnings presentation, Nov 4, 2020
Slide 1: Alfen 2020 Q3 trading update
Alfen 2020 Q3 trading update Webcast 4 November 2020 1
Slide 2: Disclaimer
Disclaimer This communication may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expect
Slide 3: COVID-19 update
• The health and safety of Alfen’s people remains its top priority • Up to this point we have experienced limited COVID-19 infections amongst our employees and fortunately none with a severe impact COVID-19 • The supply chain is functioning and production is up and update running • Order intake has
Slide 4: Highlights
Highlights Q3 2020 revenues of €49.9m, a growth of 46% versus Q3 2019 (€34.3m), driven by all business lines (Smart grids +23%, EV charging +72%, Energy storage +488%) Gross margin at 37.2%, compared with 35.1% in Q3 2019 Adjusted EBITDA of €7.5m (15.1% of revenues), a growth of 133% compared with €
Slide 5: Segmental review | Smart grid solutions
Segmental review | Smart grid solutions Revenues and other income (€ million) • Grid operators continued to expand the electricity grids in order to accommodate the +23% growing number of renewable energy installations such as solar PV, from which Alfen 32.8 continued to benefit 26.8 • COVID-19 had
Slide 6: Segmental review | EV charging equipment
Segmental review | EV charging equipment Revenues and other income (€ million) • The market for electric vehicles continued to grow with new electric vehicles coming to +72% the market which are becoming increasingly affordable 11.3 • Additionally, governmental incentive packages that were made avai
Slide 7: Segmental review | Energy storage systems
Segmental review | Energy storage systems Revenues and other income (€ million) +488% 5.8 • Alfen predominantly benefitted from contracts won pre-COVID-19 whereas the battery energy storage market continued to face headwinds as a result of COVID-19, affecting order intake as decision making across t
Slide 8: Group financials
Group financials Revenues Y-o-y revenue growth (€ million) (%) 58% 47.3 46.2 49.9 44.1 46% 34.3 38% 38% 29% • Revenues in Q3 2020 of €49.9m, 46% higher compared with Q3 2019 with revenues of €34.3m • Gross margin in Q3 2020 of 37.2%, compared Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 with 35.1% in Q3 2019. Alfe
Slide 9: Outlook
Outlook • Alfen anticipates that COVID-19 will continue to impact the wider economy, which may have an impact on capital expenditure levels of Alfen’s customers and consequently on Alfen’s order intake and revenue growth. The impact will also depend on the duration and the development of the pandemi
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