Hydrogene De France · EURONEXT:HDF
Hydrogene De France — HDF Energy — FY2023 Earnings Presentation
25 slides from Hydrogene De France's earnings presentation, 2024
Slide 1: 2023 Annual Results: Game-Changing H2 Power
2023 ANNUAL RESULTS GAME-CHANGING H 2 POWER Confidential - Property of HDF Energy
Slide 2: Speakers
SPEAKERS Damien Jean-Noël HAVARD DE CHARENTENAY Founder and CEO COO- Strategy Founded the company in 2012 Joined the company in 2017 Founder : Founder : Anne JALLET-AUGUSTE General Secretay Joined the company in 2022 Associée :
Slide 3: HDF Energy, an international group, expert in hydrogen power
1. HDF ENERGY, AN INTERNATIONAL GROUP, EXPERT IN HYDROGEN POWER
Slide 4: Decarbonizing the power, heavy mobility & industrial sectors with cutting-edge H2 solutions
D ECARBONI Z I NG THE POWER, HEAVY M OBILITY & IND USTRIAL SEC TORS W IT H CUT T I NG - ED GE H 2 SOLUTIONS THE GREEN HYDROGEN REVOLUTION IS SPREADING O V E R M A J O R S E C T O R S I N T O D AY ’ S E C O N O M Y INDUSTRY MOBILITY POWER Decarbonize the steel, ammonia Rail & maritime: Stable & green
Slide 5: HDF Energy, a global pure player in hydrogen
HD F ENERGY, A GLOBAL PURE PLAYER IN HYD ROGEN H2 INFRASTRUCTURE M U LT I - M W F U E L C E L L TECHNOLOGY Development, operation & ownership of Design and mass production of large-scale hydrogen infrastructure high-power fuel cells Electricity Green hydrogen Power Marine Rail production production
Slide 6: A technically and financially sound hydrogen infrastructure model
HYDROGEN I N F R A ST R U C T U R E S , 2. A T E C H N I C A L LY A N D F I N A N C I A L LY S O U N D MODEL
Slide 7: Our flagship solution: Renewstable, non-intermittent supply of renewable energy
OUR FLAGSHIP SOLUTION: RENEWSTABLE®, NON - INTERM I T T ENT SUPPLY OF R EN EWABLE EN ERGY KEY BENEFITS I N C R E A S E R E N E WA B L E S P E N E T R AT I O N As an Independent Power Producer, HDF provides a standard offer with modular • Maximize carbon-free generation services adaptable to the netw
Slide 8: Renewstable, HDF value share
RENEWSTABL E® , HDF VALUE SHARE 2-3 YEARS 1-2 YEARS DEVELOPMENT PERMITTING CLOSING CONSTRUCTION OPERATIONS Development Services(1) (1) Considered as sales and/or net profit on disposal, depending on the timing of the Fuel cell supply O&M* investors’ entry Fuel Cell & Project Maintenance Contract DIV
Slide 9: Renewstable, first project under construction
RENEWSTABLE®, FIRST PROJEC T UND ER CONSTRUC TION UNDER CONSTRUCTION CEOG, the world’s first MULTI-MW hydrogen power plant 2023 progress French Guiana • Resumption of construction (August 2023) • Successful test on 1st 1.5 MW fuel cell Storage Power KEY FIGURES Solar PV OFFTAKER Capacity Generation
Slide 10: Renewstable, a strong track record in project development
RENEWSTABLE®, A STRONG TRACK RECORD I N PROJ EC T D EVELOPMENT I N A D VA N C E D D E V E LO P M E N T S TA G E S RSWK – Namibia LOS CABOS – Mexico 2023 progress on RSB Storage Power Storage Power US$41 million in financing secured Solar PV Solar PV Generation Generation Capacity Capacity from World
Slide 11: A solid business portfolio
A SOLID BUSINESS PORTFOLIO Europe & EMEA # 3 Capex 150 (M€) Asia # 8 Southern Latam & Capex Africa (M$) 690 Caribbean # 9 # 4 Capex Oceania 3 730 Capex (M$) 860 (M$) # 1 Capex 80 (M$) 11
Slide 12: Progress achieved
PROGRESS ACHIEVED RSB, US$41 MILLION OF CONCESSIONAL FINANCE OBTAINED FROM WORLD BANK EXPANDED PROJECT 2021 AND GCF PORTFOLIO 2022 2023 CEOG, THE WORLD’S FIRST HIGH-POWER HYDROGEN POWER PLANT SECURED FINANCING 5500 25 APPROVED TECHNICAL SOLUTION 13 1800 7 800 Number of projects Investments 12 (US$m)
Slide 13: Other infrastructure models
OT H ER INFRASTRUC TURE M OD EL S LOW-CARBON HYDROGEN PRODUCTION HYDROGEN TO POWER INFRASTRUCTURE HYDROGEN FROM CLEAN POWER SOURCES TO ON-DEMAND 24/7 PRODUCTION OF LOW-CARBON POWER DECARBONIZE THE INDUSTRIES 1 Low-carbon electricity H2 2 from renewable and/or energy- Green / low Electrolyser efficie
Slide 14: Technical and project expertise across the entire H2 value chain
TECHNICAL AND PROJEC T EXPERTISE ACROSS T HE ENT I RE H 2 VALUE CHAIN A TEAM OF HYDROGEN POWER PLANT PROJECT & TECHNICAL LEAD PROJECT FINANCING INFRASTRUCTURE EXPERTS Basic and FEED engineering capabilities, Financial modeling, project finance and DESIGN project management consulting, permitting equ
Slide 15: Industrial programme under way
INDUSTRIAL 3. D E P L O Y M E N T PROGRAMME, U N D E R WAY
Slide 16: The world's largest fuel cell system designed for energy intensive applications
THE WORL D ’S L ARGEST FUEL CELL SYSTEM D ESIGNED FOR ENERGY INTENSIVE APPLICATIONS HDF’S FUEL CELL SYSTEM PEM* TECHNOLOGY ✓ 1 to 10 MW unit capacity ✓ PEM Technology ✓ Modular design ✓ High power density ✓ Emission free ✓ Mature technology ✓ 25+ years lifetime ✓ High efficiency (> 50%) ✓ Quick star
Slide 17: Our giga factory in France: world's first mass production plant for multi-MW PEM fuel cells
OUR GIGA FAC TORY IN FRANCE: THE WORLD ’S FIRST M ASS PROD UC TION PLANT FOR M ULT I - M W PEM FUEL CELLS Annual production capacity : 1 GW by 2030 Factory size : 7 000 m2 (phase 1) Environmental certification European Commission Plant delivery decision on IPCEI Plant inauguration Plant commissionin
Slide 18: Building a multi-MW fuel cell product range
BUILD ING A M ULTI - M W FUEL CELL PROD UC T RANGE TO ADDRESS ENERGY I NT ENSIVE APPLICATIONS FUEL CELL FUEL CELL UNIT PARTNERSHIPS & PROJECTS USE CASE POWER RANGE Renewstable® power plant 1 to 10 MW POWER ‣ Strategic partnership for ‣ a Franco-German cross-border hydrogen valley incl. the retrofit
Slide 19: 2023 results, development programme
2 0 2 3 R E S U LT S , 4. IDNE VL EI NL OE PWMI TE NH T PROGRAMME
Slide 20: Key figures
KEY F I GURES Results in line with development plan: Key figures 2023 2022 • Revenues: mainly from RSB and NewGen contracts Number of projects under development 25 13 Total investment budget (USD bn) 5.5 1.8 • Increase in operating expenses: headcount up 55% over 12 Annual average headcount1 89 57 m
Slide 21: Team expansion
TEAM EXPANSION Employees end of 2023 = 112 Employees end of 2022 = 72 Employees end of 2021 = 39 21
Slide 22: Solid financial situation
SOLID FIN AN CIAL SIT UAT ION (€000) Rigorous financial management and solid cash position: • Project investments: development expenses (excluding payroll), financing of RSB and NewGen projects, investment in White Dunes (€0.3 million) • Industrial investments: plant construction cost, investments i
Slide 23: Conclusion: a promising year 2024
CO N C LU S I O N : 5. A P R O M I S I N G Y E A R 2024
Slide 24: A promising year 2024
A PROM I SI N G YEAR 2 0 2 4 In 2023, HDF continued its deployment in preparation for future growth. Solid financial position Rollout of industrial project underway Technically and financially sound project development model The Group currently has the human, material and financial resources require
Slide 25: Game-Changing H2 Power
GAME-CHANGING H 2 POWER WWW.HDF-ENERGY.COM