Alfen Nv · EURONEXT:ALFEN
Alfen Nv — FY2021 Earnings Presentation
19 slides from Alfen Nv's earnings presentation, Feb 16, 2022
Slide 1: Alfen 2021 FY results
Alfen 2021 FY results Webcast 16 February 2022 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, expec
Slide 3: 2021 highlights, Setting the stage for growth, Financials and outlook
1 2021 highlights 2 Setting the stage for growth 3 Financials and outlook 3
Slide 4: Alfen's highlights of 2021
Alfen’s highlights of 2021 • FY 2021 revenues of €249.7m, a 32% growth compared with FY 2020 (€189.0m) • Adjusted EBITDA of €36.8m (14.8% of revenues), up 51% versus €24.4m (12.9% of revenues) in 2020 • Adjusted net profit grew 77% to €22.1m versus €12.5m in 2020 • Continued strong growth with exist
Slide 5: Revenue growth of +32% in 2021 compared to 2020
Revenue growth of +32% in 2021 compared to 2020 Revenues and other income (€ million) Energy storage Energy storage • 2021 revenues were €17.7m, a 4% growth compared with €17.0m in 2020 EV charging • The battery energy storage market picked up momentum after COVID-19 headwinds. With markets being le
Slide 6: Strong increase in adjusted EBITDA in 2021
Strong increase in adjusted EBITDA in 2021 Adjusted EBITDA (€ million) +51% 36.8 • Adjusted EBITDA amounted to €36.8m (14.8% of revenues), a 24.4 51% increase compared to €24.4m (12.9% of revenues) in 2020. • The adjusted EBITDA margin improvement is a result of Alfen’s operational leverage strategy
Slide 7: Alfen continues to deploy mitigating actions against supply chain pressures
1 Alfen continues to deploy mitigating Integrated team (purchasing, R&D, sales and operations) monitors actions against supply chain pressures and engages the supply chain and takes purchasing and logistical decisions on a daily basis in order to secure supplies. 2 • Pressure on the supply chain thr
Slide 8: Affordable & clean energy
< Affordable & clean energy Management of customer relationship ~ rN W & hd ule wie wpe 2.2 206,000 Households supplied with emissions avoided renewable energy in 2021 Vv Vv Potentially avoided emissions by Alfon Number of houssholds in 2021 that charge points that have been powering wore potentiall
Slide 9: Setting the stage for growth
1 2021 highlights 2 Setting the stage for growth 3 Financials and outlook 9
Slide 10: Alfen continues to deliver strong international revenue growth
Alfen continues to deliver strong international revenue growth 2019 20 2018 Growing international revenues Alfen’s revenues outside of the Netherlands (within Europe) (in € millions and as % of group revenues) 95.8 CAGR +72% 2014 61.4 1937 39.1 38% 24.9 32% 2020 10.9 27% 2007 24% 2014 15% 2017 2018
Slide 11: (International) growth was underpinned by many commercial successes
(International) growth was underpinned by many commercial successes Selected examples Smart grids EV charging Energy storage Secured a contract with Agreco Secured a 4-year framework Products, to provide 3 agreement with Liander to Supplied EV charge points to stationary storage solutions supply sec
Slide 12: Markets keep on developing favourably, from which Alfen expects to profit
Markets keep on developing favourably, from which Alfen expects to profit Smart grids EV charging Energy storage Annual substation investments Dutch DSOs1 Annual installed EV charge points3 Annual installed energy storage capacity in (# of new substations) (# of charge points in thousands) Western E
Slide 13: Alfen keeps investing in innovation across all business lines
For that reason, Alfen keeps investing in innovation across all business lines Selected examples of innovations in 2021 New variant of Alfen’s state of the art Pacto station Smart grids New pre-fab walk-in station Introduction of next gen hardware architecture EV charging Implementation of ISO 15118
Slide 14: Alfen continues to invest for further growth
Alfen continues to invest for further growth Alfen expanded its Alfen expanded its Alfen concluded a lease personnel across the production lines for EV contract for a new company to 636 FTE on charging and Smart grids building (>30,000m2) average in 2021 (vs 571 that will contain offices, FTE on ave
Slide 15: Financials and outlook
1 2021 highlights 2 Setting the stage for growth 3 Financials and outlook 15
Slide 16: Income statement
Income statement In € ‘000 2021 2020 Revenue and other income 249,679 189,010 • Revenues and other income increased 32% from €189.0m in 2020 to Smart grids 128,178 118,472 €249.7m in 2021, driven by growth across all business lines: Smart grids (+8%), EV charging (+94%) and Energy storage (+4%). EV
Slide 17: Balance sheet
Balance sheet In € ‘000 31 Dec 2021 31 Dec 2020 Non-current assets 43,119 37,806 • Capex amounted to €11.7m (4.7% of revenues) as compared to €9.6m Current assets 103,788 56,402 (5.1% of revenues) in 2020. Capex in 2021 includes investments in IT- infrastructure and Data Security, R&D test facilitie
Slide 18: 2022 outlook
Alfen anticipates that markets will continue to develop favourably driven by the energy transition Alfen continues to deploy mitigating actions against supply chain pressures 2022 outlook Alfen plans to further invest in its organisation, its facilities, production and new innovations Alfen expects
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