Kempower Oy · OMXHEX:KEMPOWR
Kempower Oy — Q4 2022 Earnings Presentation
24 slides from Kempower Oy's earnings presentation, Feb 15, 2023
Slide 1: Kempower Financial Statements 2022
Kempower Financial Statements 2022
Slide 2: Q4/2022: Growth strategy execution and business proceeded as planned
Q4/2022: Growth strategy execution and business proceeded as planned Tomi Ristimäki Jukka Kainulainen Sanna Otava Jussi Vanhanen Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Market Officer
Slide 3: Disclaimer
Disclaimer IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Kempower Corporation (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the
Slide 4: Q4 2022 key highlights
Q4 2022 key highlights Growing faster than 61.7 million EUR the market Order intake in Q4 2022 North America market entry progressing well 352% YoY growth in revenue Q4 2022 Revenue outside Nordics more than 50% 37.8 million EUR Capacity expansion Revenue in Q4 2022 continued succesfully Delivery re
Slide 5: Growth strategy execution in Q4
Growth strategy execution in Q4 Regional expansion 9 subsidiaries in Norway, Sweden, UK, Germany, Netherlands, France, Italy, Spain, & USA The North America entry – the state of North Carolina communicated after the review period Customers Kempower’s position in all 4 customer groups strengthened Se
Slide 6: Growth strategy execution in Q4
Growth strategy execution in Q4 Capacity expansion We recruited 115 people in the second half of the year New factory ramp up continued Product highlights We started the deliveries of the adaptive voltage charging solution We launched the bus pantograph solutions
Slide 7: We continue to scale up the production
We continue to scale up the production In 2022, we started the production in our new factory and expanded the production in the old factory space in Lahti. Europe • 14,000 m2 facilities in Finland with continuous production improvements • reviewing different alternatives to increase the production c
Slide 8: Managing the risk of component shortage
Managing the risk of component shortage The availability of electronic components was challenging in 2022 Kempower team succeeded to source the necessary components to ensure customer deliveries • We have a stronger position among global suppliers • We reduce the shortage risk with dual sourcing str
Slide 9: Popularity of Kempower charging solutions
Popularity of Kempower charging solutions 35000 30000 29 947 CHARGER ENERGY MWh MWh 25000 20000 15000 18 341 MWh 10000 10 009 5000 8 314 MWh MWh 0 Jan-March 2022 April-June 2022 July-Sept 2022 Oct-Dec 2022 Data: Kempower ChargEye
Slide 10: Kempower brand has strengthened in Europe
Kempower brand has strengthened in Europe RELIABLE – FLEXIBLE – INNOVATIVE • EV drivers appreciate Kempower charging solutions’ reliability, quality, user friendliness and safety.* • For Kempower B2B customers, Kempower is the favorite EV charger brand in personal EV driving. • Kempower Satellite is
Slide 11: Up to 6.8 million public charging points required in Europe by 2030
Up to 6.8 million public charging points required in Europe by 2030 1 600 000 DC fast charging points in Europe, 2022 1 500 000 1 400 000 1 200 000 1 000 000 800 000 600 000 400 000 233 572 200 000 149 712 101 409 0 2020 2021 2022 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E YoY growth 48% 56% So
Slide 12: Sustainability is at the core of our business
Sustainability is at the core of our business Kempower’s sustainability commitments and Energy long-term targets consumption 100% Carbon Neutrality by 2035 68 % • Decreasing relative carbon footprint annually reduction in • Transferring to 100% fossil free electricity by 2025 H2 2022* • 0% landfill
Slide 13: A successful first year as a listed company
A successful first year EUR 103.6 million as a listed company annual revenue The Growth Company of the Year by Kauppalehti & the Internationalization Award of the President of the Republic of EUR 208.9 million Finland order intake Becoming the top player in Nordic DC charging markets and gaining the
Slide 14: Financial Review
Financial Review
Slide 15: Key figures during the review period, IFRS
Key figures during the review period, IFRS MEUR Q4/2022 Q4/2021 H2/2022 H2/2021 2022 2021 Comments Order backlog 118.9 13.7 118.9 13.7 118.9 13.7 • Record high order backlog Order intake 61.7 11.5 127.0 17.3 208.9 37.4 Revenue 37.8 8.4 70.5 18.4 103.6 27.4 • Record high revenue Revenue growth, % 352
Slide 16: Q4 2022 strong revenue growth
Q4 2022 strong revenue growth Comments Revenue by geographical area (EUR million) 2022: 103.6 • Q4 2022 revenue EUR 37.8 million growing 37.8 352% year-on-year. 3.5 32.7 0.7 • Revenue in Q4 2022 is EUR 10.4 million higher than whole year 2021 (EUR 27.4 million) 12.8 16.3 21.6 0.9 • In absolute and r
Slide 17: Kempower organisation growing globally
Kempower organisation growing globally Headcount, at the end of the period Headcount by functions, at the end of the period 375 49 36 68 136 375 326 7 153 38 129 118 17 1 5 1 37 16 2018 2019 2020 2021 2022 Finland Outside Finland Admin Operations Sales and marketing R&D
Slide 18: Strong performance in sales continued whole year 2022
Strong performance in sales continued whole year 2022 Order intake (EUR million) 208.9 Comments 61.7 • Order intake year-on-year growth continued in all regions 147.2 37.4 • Q4 2022 and 2022 order intake 11.6 growing more than 400 % year-on- 7.1 0.0 0.5 25.9 year 2018 2019 2020 2021 2022 Q3 YTD Q4 •
Slide 19: Healthy growth employs the capital
Healthy growth employs the capital Gross margin (EUR million) Comments 48.2 / 46% • Gross Margin Q4 2022 47% and full year 46% 12.9 / 47% • In 2022 operating cash flow impacted by Net 0.0/94% 0.2 / 69% 1.8 / 54% Working Capital (NWC) 2018 2019 2020 2021 2022 • NWC increases driven by Operating cash
Slide 20: Kempower's short-term outlook and financial targets
Kempower’s short-term outlook and financial targets Kempower continues to seek strong growth in a profitable manner. The advanced entry to North American markets in 2023 impacts Kempower’s operative EBIT due to additional costs relating to recruitments and the new factory ramp up. The new manufactur
Slide 21: 2023 strategic priorities
2023 strategic priorities 1. Growth in Europe 2. North America market entry 3. Production efficiency increase in Finland 4. Recruitment of top talents 5. Supply chain development 6. More plugs & more power
Slide 22: Q&A
Q&A
Slide 23: Save the date! Kempower Capital Markets Day
Save the date! Kempower Capital Markets Day 20 April 2023
Slide 24: Thank You.
Thank You.