Thyssenkrupp Nucera Ag & Co. Kgaa · XETR:NCH2
Thyssenkrupp Nucera Ag & Co. Kgaa — thyssenkrupp nucera — Investor Presentation (March 2024)
30 slides from Thyssenkrupp Nucera Ag & Co. Kgaa's investor presentation, Mar 21, 2024
Slide 1: De Nora & thyssenkrupp nucera Joint Open House Event
De Nora & thyssenkrupp nucera Joint Open House Event March 21st, 2024
Slide 2: De Nora at a glance
& De Nora at a glance Listed on the Milan Stock Exchange Pioneering Electrochemistry from 1923 Years of Innovation Electrode Technologies 2000+ People Expanding Water Domain from 2015 ǜ856.4m 2023 Revenues Water Technologies Entering Energy 24 Transition Operating companies from 2017 15 5 281 Energy
Slide 3: Business Overview
& Business Overview 2023 Revenues by business unit 12% 34% 54% Electrode Technologies Water Technologies Energy Transition PRODUCTS PRODUCTS PRODUCTS Anodes, Cathodes, Electrochlorination, Disinfection DSA® Electrodes for Alkaline Catalytic Coatings, and Filtration Technologies, Water Electrolysis (
Slide 4: Strategic Goals
& Strategic Goals Growth & market positioning Product Leadership • Profitable growth in Energy • Leadership position Transition consolidation • Water platform expansion • Service level enhancement Organization development Manufacturing expansion • Sustain Company growth • Strategic scalable investme
Slide 5: ESG Plan 2030
& ESG Plan 2030 GREEN INNOVATION PEOPLE: INCLUSION, • Circular Design Guidance in the WELLBEING, DEVELOPMENT R&D process • Strengthen H&S governance and • Product Scorecard culture • Reducing Noble Metals in products • Affinity Networks and DE&I policy • Mental health awareness project Policies and
Slide 6: Main 2023 achievements
& Main 2023 Leading External Recognition achievements GREEN CLIMATE ACTION & PEOPLE & LOCAL GOVERNANCE ETHICS INNOVATION CIRCULAR ECONOMY COMMUNITIES & COMPLIANCE • 22% Vitaly index • 3.1 GWh PV plants • Great Place to Work • 90% of employees installed production Award in Italy trained on anti- • +1
Slide 7: Bringing together the collective expertise of renowned global electrolysis leaders
& Bringing together the collective expertise of renowned global electrolysis leaders Foundation of Foundation of Foundation of thyssenkrupp nucera Uhde’s Product UHDENORA as thyssenkrupp Uhde listed on the Frankfurt Unit Electrolysis joint venture Chlorine Engineers stock market 1960 1973 2001 2011
Slide 8: We are the AWE and Chlor-Alkali technologies provider globally
& We are the Alkaline Water Electrolysis (AWE) and Chlor-Alkali (CA) technologies provider globally Shareholder structure post-IPO 50.19% CA AWE Order backlog Dec ‘23: Order backlog Dec ‘23: ~0.5bn ǜ ~0.9bn ǜ 25.85% Select CA Customers Select AWE Customers Energy Solutions Company 6.00% Free Float 1
Slide 9: Green hydrogen market is expected to grow 3,000-fold by 2050
& Green hydrogen market is expected to grow 3,000-fold by 2050 Globally accelerating demand for gH2 creates 3 main drivers shape significant growth opportunity for electrolyser OEMs the global markets H2 Hydrogen demand Green 3,000x Renewable energy supply hydrogen amount 0.1 Mt1 2 > 300 Mt1 3 (p.a.
Slide 10: Project pipeline and AWE order backlog
& >60GW >19GW 3GW+ >1.5GW 0.9bn€ overall project actively pursued contracted annual AWE capacity AWE order backlog pipeline1 projects2 120 MW3 >700 MW 40 MW 20 200 MW MW Multi 100 MW3 >2 GW 60 MW 1. Includes actively pursued projects and substantial pipeline, i.e. projects which thyssenkrupp nucera
Slide 11: Employees, projects, sales and net financial assets
& 750+ 600+ 653mn€ >6x 761mn€ employees electrochemical projects Group sales in FY 22/23 AWE sales growth in FY Net financial assets worldwide delivered 22/23 (31 Dec ‘23) Dortmund Okayama Mumbai Tokyo Houston Shanghai Milan Riyadh Perth
Slide 12: Our way forward: strategic focus areas
& Our way forward: strategic focus areas Organizational ramp-up Best in class in CA market Preferred cost-efficient AWE technology Maximize growth & profitability Capacity expansion Leading competitive position Process automation & serial fabrication & resilient operations Strategic partnerships & d
Slide 13: Full commitment to sustainability and responsible business
& Full commitment to sustainability and responsible business ESG strategy is reflected in 4 action fields 1 Sustainable 2 Ethical 3 Sustainable 4 Great place business product value chain to work development Reporting timeline FY 22/23 FY 23/24 FY 24/25 Ensure GRI1-readiness Publication of GRI report
Slide 14: Let's dive into our technologies!
Lets dive into our technologies! () DE NORA « &
Slide 15: Leading Innovation
1. Much longer experience before with mercury amalgam cells & 2. Joint Development with Covestro and De Nora; ODC = Oxygen depolarized cathode; HCl = Hydrochloric Acid; NaCl = Sodium Chloride Developments with De Nora advanced coatings and half-shells / bipolar elements manufacturing 3. Gas Diffusio
Slide 16: Strong technology basis for AWE scale-up
& Strong technology basis for AWE scale-up Chlor Alkali • > 600 projects • 240,000 cell elements o ~1,500,000 sqm. for new building o ~5,000,000 sqm. for service • >10 GW of capacity installed
Slide 17: Industry-leading electrolyzer cell
& Industry-leading electrolyzer cell thyssenkrupp nucera De Nora Design of cell, electrolyzer and balance of plants Anode and cathode catalytic coatings, and GDEs – + Selection of separator (membrane/diaphragm) Manufacturing of half-shells Other parts including: • Selection of corrosion resistant ma
Slide 18: thyssenkrupp nucera's unique technology with leading design
& thyssenkrupp nucera’s unique technology with leading design Hydrogen Chlorine / Hydraulic design Oxygen Zero gap Cathode - + Anode Mechanical design electric current Electrical design NaOH or KOH NaCl or KCl / KOH Membrane / Diaphragm Know-how and technologies needed for implementing effectively h
Slide 19: De Nora electrocatalysts design
& De Nora electrocatalysts design Chemical composition, structure definition, and Current distribution during operation defining manufacturing details of the coated electrodes catalyst distribution on the final electrode CROSS SECTION STM (Scanning Tunneling Microscopy) FRONT IMAGES SEM analysis of
Slide 20: Cell manufacturing & circular economy
& Cell manufacturing & circular economy New cell Recycling Design & dev. Coated Cell Process mesh body Processes Cell element Coating Electrolyzer Raw material End-of-life Process cell element
Slide 21: Value-add across each step of the manufacturing process
& thyssenkrupp nucera provides meaningful value-add across each step of the manufacturing process A thyssenkrupp nucera cell design + B Fabrication of skid- mounted process units =C 20 MW module assembly Single element Cathode Anode thyssenkrupp nucera supply chain of cell thyssenkrupp nucera supply
Slide 22: scalum® | Our technology for industrial-scale roll-out
& scalum® | Our technology for industrial-scale roll-out Safety | Explosion-proof cells as confirmed by the Federal Institute of Process Materials Research & Testing Section Quality & Longevity | Proven cell design Electrolyzer Sustainability | Low power consumption Stack Single Cell Fast dy
Slide 23: Gigawatt technology for the energy transition
& Gigawatt technology for the energy transition
Slide 24: Dedicated product development roadmap
& thyssenkrupp nucera’s dedicated product development roadmap Serial production and automation, for cell and module fabrication at multi-GW scale Increase level of Multiple automation in the cell AWE Technology assembly process sites 2nd gen 2025 2021 Incremental H2Giga Electrolysis Assembly Multi G
Slide 25: De Nora development
& De Nora development • Sustainable coatings for chlor-alkali and other industries (low power consumption) • Lower critical metal content for Energy Transition business • Exploring new cutting-edge technologies sustaining decarbonization and energy storage • New manufacturing technologies to sustain
Slide 26: Manufacturing Excellence
& Manufacturing Excellence From single to thousands of cells, ensuring: Replication Quality Efficiency
Slide 27: Manufacturing expansion
& Manufacturing expansion Synergic plan of Suzhou’s first Increase existing plants’ expansion for China expansion phase capacity with automation & Japan. completed in’23 and technology upgrades. Multi-year scalable Energy Innovation Center project Okayama expansion ongoing Strengthen further manufac
Slide 28: Full-service solutions from a strong partnership
& Full-service solutions from a strong partnership Element Element Membrane Logistics Recoating Manufacturing Supplier Partner Partner Element Upgrade Coating Partner Customer Element Exchange Assembly Spare Parts Leasing Various other Partner Supplier of Elements maintenance & revamp activities
Slide 29: Together we drive the green H2 market
& Together we drive the green H2 market Deep knowledge, long-standing expertise, and 1 4 Manufacturing excellence and largest capacity globally strong strategic partnership Global leadership in electrodes, electrolyzers 2 5 Strong balance sheet to finance future growth technologies, and R&D Industry
Slide 30: Thank you
Thank you
thyssenkrupp nucera — Investor Presentation (March 2024) on 6ix