Nx Filtration N.v. · EURONEXT:NXFIL
Nx Filtration — Shareholder Meeting (April 2024)
24 slides from Nx Filtration's shareholder meeting presentation, Apr 9, 2024
Slide 1: Annual general meeting
Annual general meeting 9 April 2024 1
Slide 2: Agenda
Agenda 1. Opening 2. Annual Report 2023 a) Report of the Management Board for the financial year 2023 b) Corporate governance update c) Remuneration report for the financial year 2023 (advisory vote) 3. Proposal to adopt the financial statements for the financial year 2023 (resolution) 4. Discharge
Slide 3: Agenda
Agenda 1. Opening 2. Annual Report 2023 a) Report of the Management Board for the financial year 2023 b) Corporate governance update c) Remuneration report for the financial year 2023 (advisory vote) 3. Proposal to adopt the financial statements for the financial year 2023 (resolution) 4. Discharge
Slide 4: 2a. Report of the Management Board for the financial year 2023
2a. Report of the Management Board for the financial year 2023 1 Key highlights 2023 2 Strategic progress 3 Financials and outlook Bengkalis, Indonesia: water treatment plant for the production of drinking water and industrial process water 4
Slide 5: Key highlights
Key highlights o 2023 total revenues1 came in at €8.1m, lower than anticipated, caused by longer lead times to convert pilot projects into large full-scale projects, and further impacted by the current financing environment o Gross margins remain very strong at 59.6% in 2023, an increase compared to
Slide 6: Topline developments
Topline developments Total revenues (€ ‘000) o Total revenues in 2023 were €8.1m. NX Filtration is experiencing an approximately 1.5 years delay in the roll-out of its original business plan, that is caused by longer lead times to convert pilot projects into large full- scale projects, as well as by
Slide 7: Established global footprint
Established global footprint 2023 revenue of sale of goods by region RoW 2% Asia 26% 60% Europe 12% North America Commercial roll-out of direct nanofiltration (dNF) in 2023 18 full-scale 209 pilot 6 demo projects projects projects (of which 11 repeat projects) o 137 in Asia o 3 in EMEA o 7 in EMEA o
Slide 8: We continue to further professionalize our ESG profile…
We continue to further professionalize our ESG profile… 95%+ dark Set externally Part of the UN green labelled validated SBTi Global Compact IPO, externally targets to initiative on certified by decrease responsible CICERO Green Scope 1 and 2 business practices emissions All dNF sales NX Filtration
Slide 9: …that underpin the measurable impact across our ESG framework
…that underpin the measurable impact across our ESG framework Clean o Our 2023 membrane sales could enable the production of 254 billion liter of clean water water for all o In 2023, NX Filtration enabled clean water across 35 countries o NX Filtration’s emissions1) in 2023 amounted to 729 ton CO2e…
Slide 10: 2a. Report of the Management Board for the financial year 2023
2a. Report of the Management Board for the financial year 2023 1 Key highlights 2023 2 Strategic progress 3 Financials and outlook Eerbeek, the Netherlands: Mexpert XL for papermill water reuse demo project 10
Slide 11: Stronger than ever market trends, driven by droughts and pollution
Stronger than ever market trends, driven by droughts and pollution, causing many countries to implement regulations and investment plans Adopted call for 53 new water comprehensive measures €2.2b package to EU water strategy alleviate drought 10% wastewater reuse Requirement to add by 2030, compared
Slide 12: Our pilot program continues to be successful
Our pilot program continues to be successful, responding to increasing market opportunities Number of pilot projects started NX Filtration’s fleet of pilot systems 190 209 Mexplorer pilot systems 162 167 Mexpert pilot systems1) 101 86 85 87 54 27 76 89 18 31 6 12 2020 2021 2022 2023 End of End of En
Slide 13: Pilot traction remains high, with the vast majority of pilots still in conversion phase
Pilot traction remains high, with the vast majority of pilots still in conversion phase Pilot conversions The vast majority of the initiated pilot projects are either still running, have been extended into a more extensive larger pilot project, or have been concluded successfully but are still in th
Slide 14: We are fully on-track with our new factory
We are fully on-track with our new factory o >26,500 m2 factory floor and >6,000 m2 office space, enabling a significant increase in production capacity, adding initially capacity for approximately 50k membrane modules per year o ESG mindset embedded in new factory design − In-house water treatment
Slide 15: 2a. Report of the Management Board for the financial year 2023
2a. Report of the Management Board for the financial year 2023 1 Key highlights 2023 2 Strategic progress 3 Financials and outlook Fredericia, Denmark: large replacement order for Carlsberg’s flagship brewery 15
Slide 16: Summary P&L
Summary P&L In € ‘000 2022 2023 o Total revenues in 2023 were €8.1m. NX Filtration is experiencing an approximately 1.5 years delay in the roll- Total revenues1) 8,354 8,053 out of its original business plan, that is caused by longer lead times to convert pilot projects into large full-scale Clean M
Slide 17: Balance sheet
Balance sheet In € ‘000 31 Dec 2022 31 Dec 2023 o Capex amounted to €43.9m (€12.7m in 2022) and mostly relates to the ongoing construction of our new factory. Non-current assets 31,601 74,568 Additionally, NX Filtration capitalized €1.1m of development costs which demonstrates our continued Current
Slide 18: Key priorities and outlook for 2024
Key priorities and outlook for 2024 o Sustaining and accelerating adoption of our technology through our commercial roll-out strategy is top Commercial priority in 2024: we will further intensify our existing approach in working with OEM partners to roll-out roll-out pilot projects and convert these
Slide 19: Agenda
Agenda 1. Opening 2. Annual Report 2023 a) Report of the Management Board for the financial year 2023 b) Corporate governance update c) Remuneration report for the financial year 2023 (advisory vote) 3. Proposal to adopt the financial statements for the financial year 2023 (resolution) 4. Discharge
Slide 20: Annual general meeting 2023
9 April 2024 Annual general meeting 2023 NX Filtration N.V.
Slide 21: Audit 2023 NX Filtration N.V.
Audit 2023 NX Filtration N.V. Audit opinion Scope and materiality Unqualified opinion Full scope audit NX Filtration N.V., NX Filtration B.V. and NX Filtration Real Estate B.V. Materiality: € 861.000 Threshold audit differences: € 86.000 Fraud risks Key audit matters Going concern Risk of management
Slide 22: Agenda
Agenda 1. Opening 2. Annual Report 2023 a) Report of the Management Board for the financial year 2023 b) Corporate governance update c) Remuneration report for the financial year 2023 (advisory vote) 3. Proposal to adopt the financial statements for the financial year 2023 (resolution) 4. Discharge
Slide 23: Disclaimer
Disclaimer IMPORTANT: The information set out herein (the Information) does not constitute or form part of, and should not be construed as an offer or the solicitation of an offer to subscribe for or purchase securities of NX Filtration. NX Filtration does not accept any responsibility whatsoever, o
Slide 24: filtration
OO Nx filtration