Friedrich Vorwerk Group Se · XETR:VH2
Friedrich Vorwerk — H1 2025 Earnings Presentation
26 slides from Friedrich Vorwerk's earnings presentation, Aug 14, 2025
Slide 1: H1 Earnings Call
H1 Earnings Call H 14 August 2025 Driving the clean energy transition.
Slide 2: Today's presenters
Today‘s presenters Torben Kleinfeldt Tim Hameister CEO CFO Group Strategy & Development Finance & Controlling VORWERKer since 2001 VORWERKer since 2019 25+ years industry experience 9+ years industry experience Diplomas in Engineering and Business M.Sc. Financial Management & Accounting 1
Slide 3: Introduction
H Introduction 2
Slide 4: With 60 years of experience, VORWERK is realizing the energy infrastructure of the future
With 60 years of experience, VORWERK is realizing the energy infrastructure of the future A strong group of companies … … in highly attractive markets … Husum Natural Electricity Clean Adjacent Marne Gas Hydrogen Opportunities Brunn Hamburg Wiesmoor Stade Lüchow Skwierzyna (PL) … with decade-long cu
Slide 5: VORWERK is critical in transforming and delivering energy from producers to consumers
VORWERK is critical in transforming and delivering energy from producers to consumers Production/ import Transformation/ transportation Consumer LNG Terminals Storage & Compressor Gas pressure Pipelines measurement stations regulating & metering International stations pipelines Landfall Power-to-Hea
Slide 6: Market update
H Market update 5
Slide 7: Open Grid Europe successfully continues its CO2 grid development plan
Open Grid Europe successfully continues its CO2 grid development plan Planned German CO2 TRANSPORT NETWORK Up to 1,000 km 05.08.2025 The German Federal Cartel Office has no Total planned network grid length competition concerns regarding two CO2 pipeline cooperation projects Up to 18.8 million t CO2
Slide 8: Financial performance
H Financial performance 7
Slide 9: VORWERK once again lay an excellent foundation for further growth across segments
VORWERK once again lay an excellent foundation for further growth across segments Recent ACTIVITIES AND PUBLICATIONS 23.07.25 15.04.25 FRIEDRICH VORWERK shares rise: Annual FRIEDRICH VORWERK replaces forecast raised significantly following jump in sales METRO in the SDAX “Following strong growth in
Slide 10: The second quarter again saw a strong revenue increase compared to previous year
The second quarter again saw a strong revenue increase compared to previous year Revenue in €m +45% 170.0 +73% 159.3 145.0 133.0 117.4 76.7 + 45 % revenue increase y-o-y in Q2 2025 Q1 Q2 Q3 Q4 2024 2025 9
Slide 11: As a result, half-year revenues increased by 56% compared to the previous year
As a result, half-year revenues increased by 56% compared to the previous year Revenue Revenue by segment in €m in % +56% 303.1 303.1 18 % Adj. Opportunities 3% 194.1 194.1 56 Clean Hydrogen 27 % 54 % Electricity 6% + % 30 % revenue increase Natural Gas y-o-y in H1 2025 37 % 25 % H1 2024 H1 2025 H1
Slide 12: With a 105% y-o-y EBITDA hike, profitability growth has again outperformed revenue growth
With a 105 % y-o-y EBITDA hike, profitability growth has again outperformed the revenue growth by far EBITDA EBIT (adj.) in €m, blue bubbles show EBITDA margin in €m, blue bubbles show EBIT margin 15.1% 21.3% 10.7% 17.6% +105% 21.3 % 36.3 EBITDA margin +138 % in Q2 2025 30.0 17.7 17.6 12.6 % Q2 2024
Slide 13: Year to date, EBITDA margin is at 18.0% and EBIT up 194%
Year to date, EBITDA margin is at 18.0 % and EBIT up 194 % compared to previous year EBITDA EBIT (adj.) in €m, blue bubbles show EBITDA margin in €m, blue bubbles show EBIT margin 12.6% 18.0% 7.5% 14.1% +123% 54.5 +194 % 18.0 % EBITDA margin 42.7 in H1 2025 24.4 194 14.5 + % H1 2024 H1 2025 H1 2024
Slide 14: Order intake and backlog provide a strong foundation for further growth
Driven by strong market demand, order intake and backlog provide a strong foundation for further growth Order intake Order intake Order backlog Total VOR project VOR contribution in €m in €m volume in €m -9 % 1.214 1.105 +42% 613 +42 % Order intake total -46 % project volume 431 408 year-on-year 220
Slide 15: VORWERK continues to have a strong balance sheet enabling activity in case of opportunity
VORWERK continues to have a strong balance sheet enabling activity in case of opportunity Balance Sheet in €m, as of 30.06.2025 (417) Aktiva Passiva (417) Fixed Fixed assets Assets* 174 Equity Equity 227 54.4 % 10 Mezzanine financing Equity ratio Working Capital 140 20 Financial liabilities 48 Opera
Slide 16: For 2025, we raised our guidance to €610 - €650 million revenues at 17.5-18.5%
For 2025, we raised our guidance to €610 - €650 million revenues at 17.5-18.5% EBITDA-margin range due to our strong position and development potential Revenue Guidance Profitability guidance │ EBITDA margin in €m in €m / in % +22% 17.5- 16.2% 16-17% 18.5 % 610 >610 >540 498 > m€ New revenue guidanc
Slide 17: Business update
H Business update 16
Slide 18: With the 86 km long ETL 182, VORWERK is implementing another major project
Natural Gas With the 86 km long ETL 182, VORWERK is implementing another of the numerous major projects in the natural gas segment Energy transmission line (ETL) 182 Project details Target is to satisfy the growing demand for energy in Germany and to ensure energy supply security The gas volumes lan
Slide 19: With Lot 3 of the SuedLink project, VORWERK executes another 43 km cable
Electricity With Lot 3 of the SuedLink project, VORWERK executes another 43 km high-voltage direct current transmission cable near the headquarters SuedLink Project details High-voltage direct current transmission cable Joint venture which will transport wind energy via underground cable Lot 3 conne
Slide 20: Hamburg becomes a pioneer in industrial decarbonization through green hydrogen
Clean Hydrogen Hamburg becomes a pioneer in industrial decarbonization through green hydrogen - VORWERK is a key implementation partner HH-WIN Project details Luxcara and Hamburger Energiewerke are building the Hamburg Green Hydrogen Hub (HGHH) on the former Moorburg power plant site Import terminal
Slide 21: VORWERK provides efficient implementation of projects with high complexity and numerous interfaces
Adjacent Opportunities VORWERK provides efficient implementation of projects with high complexity and numerous interfaces – working as a single source with all required certifications and capabilities Cooperation project Elbchaussee - 2. construction phase (Hamburg) Project details Joint venture Bas
Slide 22: VORWERK recently acquired Christoffers onshore in the north of Germany
Inorganic growth VORWERK recently acquired Christoffers onshore in the north of Germany and was able to take over all colleagues from the location Brunn Scope of the transaction Overview of acquired assets The scope of the asset deal comprises the branch office in Brunn Take-over of 35 qualified emp
Slide 23: The expansion of our workforce continues to make strong progress this year
Workforce The expansion of our workforce continues to make strong progress this year Number of employees Key drivers Comprehensive roll-out of improved VORWERK employer brand +8% 2,106 1,948 Introduction of various employee benefits, incl. doubling of compensation for away- from-home work assignment
Slide 24: Questions & Answers
Questions & Answers Torben Kleinfeldt CEO Tim Hameister CFO 23
Slide 25: Driving the Clean Energy Transition.
H Driving the Clean Energy Transition.
Slide 26: Disclaimer
Disclaimer By accessing this document, you agree to abide by the limitations set out hereafter. The information contained in this document relating to Friedrich Vorwerk Group SE (“Friedrich Vorwerk" or the "Company") may not be redistributed, reproduced, published, or passed on to any other person a
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