Friedrich Vorwerk Group Se · XETR:VH2
Friedrich Vorwerk — Investor Presentation (May 2021)
18 slides from Friedrich Vorwerk's investor presentation, May 2021
Slide 1: Driving the clean energy transition
Driving the clean energy transition. May 2021
Slide 2: Escalating climate change forces governments to take drastic action
Escalating climate change forces governments to take drastic action Global surface temperature anomalies Global government action Land and ocean; temperature anomaly with respect to 20th century average +1.0 °C Paris agreements Limit global warming to a maximum of 1.5°C by 2050 EU Green Deal Achieve
Slide 3: Clean energy transition requires gas, electricity and hydrogen
Clean energy transition requires gas, electricity and hydrogen Planned energy infrastructure investments1 Key catalysts Natural gas grid expansion Expansion of natural gas infrastructure to compensate for coal and nuclear phase-out Electricity highways Realization of electricity highways to enable d
Slide 4: Clean energy transition commands unprecedented investments in energy infrastructure
Clean energy transition commands unprecedented investments in energy infrastructure Natural gas Electricity Hydrogen >€5 bn ~€17 bn €430 bn Planned investment Planned investment Planned investment until 20261 until 20262 until 20303 1) NDP investment volume 2020-2026; volume attributed to year of pl
Slide 5: VORWERK plans, realizes and operates the energy infrastructure of the future
VORWERK plans, realizes and operates the energy infrastructure of the future In highly attractive markets With success Hydrogen €291m >1,300 H2 revenue employees Electricity Gas 16% >15% since 1962 EBIT margin organic CAGR1 4 1) CAGR based on 2014-2020
Slide 6: 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 Pipelines Compressor Storage & Gas pressure Terminals station measurement regulating & metering stations Landfall Underground Transformer Power- cable
Slide 7: VORWERK benefits from intact and sustainable market entry barriers
VORWERK benefits from intact and sustainable market entry barriers Customers & References Turnkey competence Energy grids Energy transformation Service & Operation Intelligent Infrastructure Mgmt. Regulation & accreditation Technology & Patents G 468- 1 OrQa® flow metering HDD drilling Cathodic anti
Slide 8: Dynamic growth track-record with >15% CAGR
Dynamic growth track-record with >15% CAGR Revenue development Revenue 2020 by segment in €m revenue split in % CAGR: 22% 291 269 13% CAGR: 15% 1% 173 12% €291m 88 74% … 2014 2019 2019 2020 as-if as-if excl. incl. Natural Gas Clean Hydrogen BoDo1 BoDo2 Electricity Adjacent opportunities 1) Presentat
Slide 9: VORWERK was able to further expand its considerable order backlog
VORWERK was able to further expand its considerable order backlog Order intake Order backlog in €m in €m +14 % +14 % 65 319 8% Adjacent Opportunities 57 280 7% Clean Hydrogen 12 % Electricity 72 % Natural gas Q1/20 Q1/21 Q1/20 Q1/21 8
Slide 10: Traditionally slower first quarter in 2021 additionally impacted by bad weather
Traditionally slower first quarter in 2021 additionally impacted by bad weather Revenue in €m1 83.9 75.3 -16% 69.9 62.2 Typical seasonal 52.5 revenue development Q1/20 Q1/21 Q2/20 Q3/20 Q4/20 +100% days of frost Q1 21 vs Q1 20 1) Revenues represent revenues 9 Source: Weather Online
Slide 11: Electricity and clean hydrogen segments significantly increased compared to Q1/20
Electricity and clean hydrogen segments significantly increased compared to Q1/20 Revenue by segment in €m 62.6 52.5 Adjacent Opportunities 13% 14% Hydrogen 0% 4% Electricity 11% 14% Natural Gas 76% 68% Q1/20 Q1/21 10
Slide 12: Vorwerk maintains its superior profitability based on unique market positioning
Vorwerk maintains its superior profitability based on unique market positioning EBITDA (adj.1) EBIT (adj.1) in €m in €m +41% +53 % 11.5 8.5 8.2 5.6 Q1/20 Q1/21 Q1/20 Q1/21 11 1) Adjustments primarily refer to IPO-related costs
Slide 13: Vorwerk benefits from a rock-solid balance sheet as basis for further growth
Vorwerk benefits from a rock-solid balance sheet as basis for further growth Assets Equity & Liabilities in €m in €m 250 250 117 177 177 128 Equity Cash 45 64 10 Mezzanine financing1 Working 58 10 60 25 Financial liabilities capital 17 22 24 Operating liabilities (LT) Fixed 72 76 64 63 Operating lia
Slide 14: VORWERK is already spearheading the European hydrogen revolution
VORWERK is already spearheading the European hydrogen revolution Recently won project: Current project: Hydrogen feed-in plant Haren Get H2 Nucleus Planning and realization of H2 plant to feed green Realization of 14 km hydrogen pipeline as nucleus hydrogen from wind energy into the natural gas grid
Slide 15: VORWERK is driving decarbonisation with unique proprietary solutions
VORWERK is driving decarbonisation with unique proprietary solutions Backlog project: Proprietary product development: Nesselgrund OrQa flow meter The world’s first CO2-neutral gas pressure control Highly versatile proprietary flow meter for precise station using VORWERK proprietary technology monit
Slide 16: Key Investment Highlights
Key Investment Highlights Climate change commands billions in infrastructure investments in VORWERK core end markets gas, electricity and hydrogen 50+ years of technology leadership in design, realization and operation of system critical energy infrastructure Key player in ramping up the European hy
Slide 17: 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 an
Slide 18: Driving the clean energy transition
H2 Driving the clean energy transition
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