Slide 1: Q1 2022
Q1 2022 Peter Bardenfleth-Hansen – CEO Kurt Østrem – CFO
Slide 2: Zaptec by the numbers
Zaptec by the numbers 110.000+ 6 164% charging stations sold sales companies Increase in order intake 68% ≈400.000 94 Export share Parking spaces with employees infrastructure for further Zaptec Pro chargers
Slide 3: Highlights Q1 - 2022
Highlights Q1 - 2022 • Strong purchase orders registration of 193 MNOK, up 164% • Revenue growth of 81% despite temporary component shortage • Export share of 68% • Gross margin of 46% • Adjusted EBITDA of 9.1 MNOK • Maintain the trajectory towards previously announced strong growth projections • Si
Slide 4: Key numbers
Key numbers MNOK/% Q1-22 Q1-21 YTD 2021 Revenues 132.2 73.1 489.0 Export Share 68% 39% 51% Gross margin 46.2% 33.3% 44.0% Operating expenses 51.91 18.4 128.2 EBITDA adj. 9.11 5.5 86.9 EBITDA Margin (%) 6.9% 7.6% 17.8% Available liquidity 3132 242 3092 1. Adjusted for salary benefit and social cost o
Slide 5: EV markets Scandinavia and Switzerland
EV markets Scandinavia and Switzerland • 25% decrease in Q1-22 compared to Q4-21 • 10% higher in Q1-22 compared to Q1-21 Source: ofv.no, bilstatistik.dk, powercircle.org, Swissinfo.ch
Slide 6: EV markets UK and Germany
EV markets UK and Germany • 245 000 EVs sold in Q1-22, or a decrease of 17% compared to Q4-21 • 22% increase in Q1-22 compared to Q1-21 Source: InsideEVs
Slide 7: International expansion
International expansion • The export share was 68% (39% in Q1-21) • Our largest export markets were Sweden, Denmark, Switzerland and Iceland
Slide 8: 1470 car parks ready to go with Zaptec Pro
1470 car parks ready to go with Zaptec Pro We managed to prepare a total of 1470 car parks with Zaptec Pro chargers during Q1. That is up from 844 car park installations in the same quarter last year. There are several parking possibilities in each car park, where typically 20% is equipped with a Za
Slide 9: Market development
Market development • Toyota Norway announced to become an official supplier of Zaptec Go's in connection with the launch of their first electric car, the Toyota bZ4X. • We signed a new agreement with Eways in the Swedish market. Both companies believes that the collaboration will strenghten the posi
Slide 10: Production
Production • Lower production than planned following component shortages, backlog estimated to be delivered during Q2-Q3 • Component sourcing continues to be challenging, but measures are taken both technically and on supply chain to prevent further production delays • Production capacity to follow
Slide 11: Outlook
Outlook Regardless of temporary delays in EV deliveries, the EV market continue to grow backed by global commitments towards sustainable energy and the shift towards e- mobility Production restarted last week of April, and Zaptec expect to maintain the trajectory towards previously announced strong
Slide 12: Q&A / Disclaimer – forward looking statements
Q&A Disclaimer – forward looking statements Cautionary Statement Regarding Forward-Looking Statements In addition to historical information, this presentation contains statements relating to our future business and/or results. These statements include certain projections and business trends that are