Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Q2 2022 Earnings Presentation
21 slides from Hexicon Ab's earnings presentation, Aug 18, 2022
Slide 1: Interim Report April–June 2022
INTERIM REPORT APRIL–JUNE 2022
Slide 2: Content
CONTENT • Floating offshore wind • Floating offshore wind • Hexicon in brief • Hexicon in brief • Market developments • Market developments • Business update • Business update • Outlook • Outlook Presentation - Interim report January-June 2022 2022-08-18
Slide 3: Floating Offshore Wind
FLOATING OFFSHORE WIND Presentation - Interim report January-June 2022 2022-08-18
Slide 4: This is Floating Wind
THIS IS FLOATING WIND Enormous potential Superior Limited footprint Industrialisation wind conditions Distribution of total 70–80%, Floating 20–30%, Bottom-fixed offshore wind potential1: (>60m depth) (<60m depth) Deep-water wind Offshore floating wind Offshore bottom-fixed Onshore is key to unlocki
Slide 5: Hexicon in Brief
HEXICON IN BRIEF Presentation - Interim report January-June 2022 2022-08-18
Slide 6: Dual Business Model
DUAL BUSINESS MODEL PROJECT DEVELOPER TECHNOLOGY PROVIDER Early stage for high Local partners in Patented TwinWind™ Next generation value creation prioritized markets Design offshore wind Development fees, equity options License fees VISION 2025 Projects Technology Financial Ongoing revenue generati
Slide 7: Value Creation in Early-Stage Development
VALUE CREATION IN EARLY-STAGE DEVELOPMENT COD FID Project value Permits Partnership Project development Execution Operation 2–8 years 1–3 years 30+ years Presentation - Interim report January-June 2022 2022-08-18
Slide 8: Building a Project Portfolio
BUILDING A PROJECTPORTFOLIO • Revenues from South Korea developments Scotland Net portfolio • Build pipeline to license >2,000 MW the technology England • Build brand awareness Sweden Presentation - Interim report January-June 2022 2022-08-18
Slide 9: Patented Floating Wind Foundation TwinWind
PATENTED FLOATING WIND FOUNDATION TwinWind® Minimal Higher Increased Access to Efficient Lower levelized environmental power flexibility in site better wind maintenance cost of energy impact density selection conditions Presentation - Interim report January-June 2022 2022-08-18
Slide 10: Market Development
MARKET DEVELOPMENT Presentation - Interim report January-June 2022 2022-08-18
Slide 11: Government offshore wind targets and auctions
Swedish Government sets new offshore wind target of 90 TWh The US Government announces program of multiple auctions over the next four years on both east and west coasts Portugal announces deep water auctions of 3-4 GW with first operating projects by 2026 Presentation - Interim report January-June
Slide 12: Business Update
BUSINESS UPDATE Presentation - Interim report January-June 2022 2022-08-18
Slide 13: Recent Highlights
RECENT HIGHLIGHTS JV formed in Greece Hexicon and Elia Grid International establishes collaboration Hexicon partners with Ireland’s largest fishing organization, KFO for project developments in Ireland Hexicon Korea sells it’s 40% stake in South Korean project off Yeonggwang Hexicon wins UK’s first
Slide 14: Project Portfolio
PROJECT PORTFOLIO Project Portfolio PROJECTS PROSPECTS South South South Spain / South Scotland Sweden England Ireland Italy Korea Korea Africa Portugal Korea Pentland Munmu Name Floating Wind Freja Offshore TwinHub TBA TBA TBA TBA TBA TBA Baram Farm Canary Islands, Location Ulsan Dounreay Multiple
Slide 15: Upcoming Milestones
UPCOMING MILESTONES Pentland Floating Wind Farm Freja Offshore Final permits award Q1 2023 First permit application Q4 2022 Munmu Baram Grid connection agreement Q4 2022 South Korea New partner(s)/investor(s) Q4 2022 Presentation - Interim report January-June 2022 2022-08-18
Slide 16: The TwinHub Project
THE TWINHUB PROJECT Hexicon acquired Wavehub in 2021 and is developing a 32 MW project using the TwinWind technology • Located 16 km off Hayle • Depths of 51 m – 57 m • Area size of 8km² • 6 submarine cables & one hub: • WPD onshore substation • Onshore control station • Grid connection substation •
Slide 17: The TwinHub Project Secures 15-Year UK Government Funding
THE TWINHUB PROJECT SECURES 15-YEAR UK GOVERNMENT FUNDING TwinHub wins UK’s first ever auction for floating wind First floating wind project to secure CfD support Early positioning ahead of UK build out of floating offshore wind UK only market with a specific FOW target (1 GW by 2030) UK’s offshore
Slide 18: Review the Technology Roadmap
REVIEW THE TECHNOLOGY ROADMAP Proof of Concept TwinWay Project 2020 2021 2022 2023 2024 2025 Start of WTG Purchase Operation & DNV Start of Certificate Engineeing Basin Test FID TwinHub Project Feasibility Site acquisition CFD Award FID Start of operation Pre-commercial array Presentation - Interim
Slide 19: Outlook
OUTLOOK Presentation - Interim report January-June 2022 2022-08-18
Slide 20: Near Term Priorities
NEAR TERM PRIORITIES • Focus on progressing TwinHub for earliest possible installation • Develop current projects and prospects to increase portfolio value • Mature identified opportunities in new and existing markets Presentation - Interim report January-June 2022 Namn på presentation 2022-12-14 20
Slide 21: Thank You!
THANK YOU! Marcus Thor, CEO marcus.thor@hexicongroup.com