Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Q1 2024 Earnings Presentation
20 slides from Fusion Fuel Green's earnings presentation, Jun 5, 2024
Slide 1: 1Q 2024 Presentation
ALL RIGHTS BELONG TO FUSION - FUEL 1Q 2024 PRESENTATION
Slide 2: Disclaimer
ALL RIGHTS BELONG TO FUSION - FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (the “Company,” "we,” “us” or “our”) . Such statements are “forward looking statements” within the meaning of the “safe harbor” p
Slide 3: Agenda
ALL RIGHTS BELONG TO FUSION - FUEL ▪ Focus on Fusion ▪ Industry Perspectives ▪ Q1 Highlights ▪ Commercial Update ▪ 2024 Milestones and Priorities AGENDA
Slide 4: Focus on Fusion
ALL RIGHTS BELONG TO FUSION - FUEL 01 — FOCUS ON FUSION
Slide 5: Unlocking the energy transition through innovative green hydrogen solutions
ALL RIGHTS BELONG TO FUSION - FUEL 5 Unlocking the energy transition through the design and development of innovative green hydrogen solutions L E A DING P UR E P L AY HYD R O GE N S O L UTIO NS C O MP A NY Differentiated, modular design based on proprietary miniaturized PEM electrolyzer End - to -
Slide 6: Industry and Market Perspectives
ALL RIGHTS BELONG TO FUSION - FUEL 6 01 – INDUSTRY AND MARKET PERSPECTIVES The green hydrogen sector is at a crossroads characterized by asymmetrical supply and demand dynamics... ▪ Supply no longer a bottleneck; underutilized production capacity awaiting clarity on demand ▪ Large and ongoing gap be
Slide 7: Q1 Financials & Highlights
ALL RIGHTS BELONG TO FUSION - FUEL 02 — Q1 FINANCIALS & HIGHLIGHTS
Slide 8: Q1 2024 Highlights
ALL RIGHTS BELONG TO FUSION - FUEL 02 – Q 1 2024 HI GHLIGHTS Key Developments in Q1 2024 ▪ Received notification of IPCEI approval from European Commission for 630 MW HEVO - Portugal Project ▪ Raised ~€6 million from at - the - market program to strengthen capital position ▪ Awarded €1.015 million g
Slide 9: Financial Data (Unaudited)
ALL RIGHTS BELONG TO FUSION - FUEL 02 – F INANCIAL DATA ( U NAUDITED) Key Financial Results / Metrics (€’000) 1Q 2024 4Q 2023 Profit/loss 1,637 - Revenues (9,394) (54) Cost of goods sold (3,201) (4,260) SG&A (11,381) (5,139) Pre - tax loss Balance sheet 32,662 32,411 Non - current assets 1,147 1,503
Slide 10: Commercial Update
ALL RIGHTS BELONG TO FUSION - FUEL 03 — COMMERCIAL UPDATE
Slide 11: Inaugural HEVO-Chain Commissioning
ALL RIGHTS BELONG TO FUSION - FUEL 03 – INAUGURAL HEVO - CHAIN COMMISSIONING ▪ 300 kW turn - key facility in commissioning process for global cement manufacturer . Acceptance testing underway with handover expected in early June . ▪ The cement industry is a priority commercial focus area: o Commerci
Slide 12: Commercial Advantages of HEVO Architecture
ALL RIGHTS BELONG TO FUSION - FUEL 12 03 – COMMERCIAL ADVANTAGES OF HEV O AR CHITECTURE Efficiency Market - leading system efficiency and cost - effective low - amperage power equipment. Reduces costs of green hydrogen production Performance Decentralized architecture eliminates contagion effect and
Slide 13: Commercial Offers Market Map
ALL RIGHTS BELONG TO FUSION - FUEL Over the last six months we have significantly expanded our commercial efforts outside the Iberian market 13 03 – COMMERCIAL OFFERS MARKET MAP 6.5 MW 6 MW 8 MW 9 7 9 190 MW 1 1 12.5 MW 13 6 74 MW <5 MW <5 MW <5 MW <5 MW 5 MW 2 <5 MW 20 MW 1 <5 MW 5 - 10 MW >10 MW P
Slide 14: Commercial Pipeline Development
ALL RIGHTS BELONG TO FUSION - FUEL 14 03 – COMMERCIAL P IPELINE DEVELOPMENT ▪ Focus on new markets and expanded service offerings to capture higher share of wallet. ▪ Nearly 50% of offers are from outside Iberia and over 80% of offers include electrolyzer supply as well as engineering and balance of
Slide 15: Fusion Fuel Project Portfolio Update
ALL RIGHTS BELONG TO FUSION - FUEL 15 Update Grants Secured (€ million) H 2 Production (tpa) Electrolyzer Capacity (MW) Project In discussions with potential project investor / off - takers x (32.5 + IPCEI) 62,463 630 Sines I, II & III MoU signed and currently undergoing due diligence with off - tak
Slide 16: What IPCEI Designation Means
ALL RIGHTS BELONG TO FUSION - FUEL WHAT IPCEI DESIGNATION MEANS • “Important Project of Common European Interest” (IPCEI). One of 33 projects selected as part of the H2Infra Program. • Funding negotiations can now start with government stakeholders and the European Investment Bank. • One of Portugal
Slide 17: H2tALENT – Clean Hydrogen Partnership
ALL RIGHTS BELONG TO FUSION - FUEL 17 Fusion Fuel has joined a network of 16 Hydrogen Valleys across Europe Operating as a 28 - partner consortium, Fusion Fuel, as Work Package Leader will lead the development of the Hydrogen Production Infrastructure and its integration into the Sines backbone Tigh
Slide 18: 2024 Milestones
ALL RIGHTS BELONG TO FUSION - FUEL 04 — 2024 MILESTONES
Slide 19: 2024 Priorities & Value Drivers
ALL RIGHTS BELONG TO FUSION - FUEL 04 – 2024 PR IORITIES & VALUE DRIVERS 1. D e l i v er a n d i n s ta l l s e v e ral H E V O - C h a in s y s te ms a n d p l a n t re l a te d e n g i n e e r in g s e r v i c e s Delivered first HEVO - Chain system to global cement client □ Successfully deliver
Slide 20: Fusion Fuel
FUSION FUEL:M www.fusion - fuel.eu