H2apex Group Sca · XETR:H2A
H2apex Group Sca — H2apex — Investor Presentation (June 2026)
20 slides from H2apex Group Sca's investor presentation, June 2026
Slide 1: Investor Presentation
Investor Presentation June 2026
Slide 2: Disclaimer
June 2026 DISCLAIMER Certain financial information (including percentages) in this presentation may have been rounded according to commercial standards. As a result, the aggregate amounts may not correspond in all cases to the aggregated amounts of the underlying (unrounded) figures appearing elsewh
Slide 3: Agenda
CHAPTER 0 1 Executive Summary Company overview, investment highlights & key financials CHAPTER 0 2 Market Opportunity Hydrogen demand, regulatory drivers & value chain CHAPTER 0 3 Problem & Solution Industry need & H2APEX's integrated platform CHAPTER 0 4 Business Model Revenue streams & monetisatio
Slide 4: H2APEX at a glance
01 EXEC UT IVE SUMMA RY H2APEX AT A GLANCE Company Overview • Founded: in 2000* • Focus on hydrogen: since 2012 • Headquarter: Rostock-Laage, Germany • Locations: Rostock, Laage (Production), Koblenz, Berlin • Employees: 150+ • Listed: Since Jan 2023 on the Frankfurt Stock Exchange (Regulated Market
Slide 5: Investment highlights
01 EXEC UT IVE SUMMA RY Investment highlights Robust Unmet Market Demand Integrated Platform Strong Regulatory Tailwinds EU green H₂ demand projected to End-to-end hydrogen platform: Binding quotas (RFNBO, THG) and EU grow from ~2 mtpa (2025) to ~30+ develop, build, own and operate ETS carbon pricin
Slide 6: Key financial metrics
01 EXEC UT IVE SUMMA RY Key financial metrics Pipeline Installed Capacity Under Construction >1.8 GW 2 MW >15 MW (2025FY) (2025FY) (2025FY) Revenue Order Backlog Hydrogen Production €10m €22.6m 163tn (2025FY) (2025FY) (2025FY) 6 3
Slide 7: H2APEX integrates the full hydrogen value chain
01 EXEC UT IVE SUMMA RY H2APEX integrates the full hydrogen value chain ENGINEERING RENEWABLE H2 PRODUCTION STORAGE & END-USE EXPERTISE ENERGY • Operational TRANSPORT DISTRIBUTION • 10+ years of H2 • Own renewable hydrogen • Integrated • Direct supply to infrastructure generation (e.g. production si
Slide 8: Regulatory tailwind and strong policy framework driving demand certainty for green hydrogen
02 MAR KET OPPORT UNIT Y Regulatory tailwind and strong policy framework driving demand certainty for green hydrogen THG QUOTA SYSTEM RFNBO SUB-QUOTA² RED III/ Transportation • GHG reduction in transport sector: • Mandatory RFNBO: 1.5% (2030), 5.0% • Implementation of RED III in the German 25% by 20
Slide 9: Strong market potential
02 MAR KET OPPORT UNIT Y Strong market potential Global hydrogen demand by sector, in mtpa 39 EU H2 demand split by production pathway (2019-'50, mtpa) Green Chemicals 77 - 80 Low-Carbon 26 63 - 65 Grey 19 31 Refining 21 - 38 13 18 34 - 43 11 8 9 6 Road Transport 26 - 56 2 4 8 6 8 9 6 4 8 - 15 2 201
Slide 10: H2APEX positioned to bridge the structural green hydrogen gap between demand and supply
03 PROB LEM A ND SOLU TIO N H2APEX positioned to bridge the structural green hydrogen gap between demand and supply THE PROBLEM H2APEX SOLUTION Demand Accelerating Integrated Platform • EU decarbonisation targets require large-scale green hydrogen deployment • Develop, own and operate hydrogen plant
Slide 11: Three verticals, high synergies, one execution path
04 BUSINESS MODE LL Three verticals, high synergies, one execution path 2019 – 2021 2021 – 2024 2024 – 2025 2026 – 2028 From 2028 Project Development Strategic CIP JV Large Scale Development Rostock-Laage Development Energy & Asset €167m H2 Production of IPCEI-project1 Project Dev. of 500+ MW IPCEI1
Slide 12: We are scaling into a leading green H2 platform
05 TRACTION & PROOF POINTS We are scaling into a leading green H2 platform Accelerate scale-up ▪ Commissioning of the large-scale projects (2028-2030) ▪ Majority of projects owned by H2APEX Transition to scale ▪ Development of large-scale projects (2024-2027) ▪ EBITDA break even target Building trac
Slide 13: Our powerful and scalable multi-GW asset base
0 6 ST RAT E G Y A N D G R O W T H P L A N Our powerful and scalable multi-GW asset base >1.8 GW PIPELINE Expansion Capacity (Post-2030) +1 GW 1 GW Across WAL/SPARK/SKY • Additional >1 GW capacity at the secured/owned Extensions assets as market demand scales 4 x 5 MW DSP (p/a) SKY (Lubmin) 300 MW 3
Slide 14: Our trajectory: from EPC to asset-led growth
0 7 FI N AN CIA L OV ERV IEW Our trajectory: from EPC to asset-led growth Consolidated Profit & Loss Balance Sheet In € (M) FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 Revenues 15,297 29,566 9,965 Total Assets €122.5M €91.2M €83.3M Cost of Materials (13,683) (29,247) (17,929) Total Equity €57.9M €30.3
Slide 15: Integrated financial model for cash & scale
0 7 FI N AN CIA L OV ERV IEW Integrated financial model for cash & scale • >1.8 GW project pipeline across core sites (WAL, SPARK, SKY) Project Development • Value creation through hybrid model of selective project monetisation at FID and retained ownership in Energy & Asset strategic assets Managem
Slide 16: Experienced leadership driving execution & growth
08 OUR MANAG EM ENT TE AM Experienced leadership driving execution & growth CHIEF E XECUTIVE OFFICER C H I EF F I NANC I A L O FF I C E R CHIEF O PERATIO NS OFFICE R Peter Rößner Bert Althaus Ludger Schlüter Leading H2APEX since 2022. Active in the Over 10 years transforming privately managed Three
Slide 17: Our Projects
APPENDIX OUR PROJECTS APEXO©
Slide 18: Our HQ is One of Europe's Biggest H2-Hubs
Our HQ is One of Europe’s Biggest H2-Hubs We invested more than €50 million in strategically located state-of-the-art facilities Headquarter: Laage, Germany, Source H2APEX Electrolyzer: Laage, Germany, Source H2APEX • 19 ha industrial land plot to expend electrolyzer • 2 MW electrolyzer on site • 1,
Slide 19: Three Flagship Projects for 1.8 GW
Three Flagship Projects for 1.8 GW Our large-scale projects have secured key infrastructure and strong use cases Location Lubmin Location Lubmin Location Laage up to 600 MW capacity up to 1,000 MW capacity up to 200 MW capacity Project WAL Project SKY Project SPARK angleichen First of its kind proje
Slide 20: Decentralized Standardized Projects
Decentralized Standardized Projects Our DSP small-scale projects have secured key infrastructure and strong use cases • Capex-Efficient Standard 5 MW Block >30% Cost Savings Vs. Greenfield • Accelerated Time-To-COD >6 Months Faster In Development And Delivery • Low Opex Through Renewable Co-Location