Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Q1 2023 Earnings Presentation
19 slides from Hexicon Ab's earnings presentation, May 31, 2023
Slide 1: Operations Update Interim Report
OPERATIONS UPDATE INTERIM REPORT 2023-05-31 OPERATIONS UPDATE 2023-05-31
Slide 2: Agenda
AGENDA • Floating offshore wind • Hexicon in brief • Business update • Outlook OPERATIONS UPDATE 2023-05-31
Slide 3: Floating Offshore Wind & Market Development
FLOATING OFFSHORE WIND & market development OPERATIONS UPDATE 2023-05-31
Slide 4: 80% of the best wind resources are in deep waters
80% OF THE BEST WIND RESOURCES ARE IN DEEP WATERS
Slide 5: A market in continuous development and expansion
HEXICON - AT THE FOREFRONT OF THE ENERGY TRANSITION A market in continuous development and expansion +53% CAGR FLOATING INSTALLATIONS PER REGION FLOATING INSTALLATIONS (2026-2031) 11% • USA sets new targets for offshore wind installations • Taiwan prepares for auctions in 2023 29% 59% • Japan is pre
Slide 6: Hexicon in Brief
HEXICON IN BRIEF OPERATIONS UPDATE 2023-05-31
Slide 7: OPERATIONS UPDATE
OPERATIONS UPDATE 2023-05-31
Slide 8: Project developer and technology provider
16+ 17 GW Presence in gross project portfolio 4 floating offshore continents wind projects TwinWind™ patent in 9 GW net project PROJECT DEVELOPER & TECHNOLOGY 20+ PROVIDER countries portfolio
Slide 9: Sweden – Freja Offshore
SWEDEN – Freja Offshore Power production beyond the horizon DYNING MARELD KULTJE OPERATIONS UPDATE Source: Nordconsult 2023-05-31
Slide 10: The Dual Business Model
THE DUAL BUSINESS MODEL Project developer & Technology provider OPERATIONS UPDATE 2023-05-31
Slide 11: Business Model – Project Development
BUSINESS MODEL – PROJECT DEVELOPMENT Early-stage development Hexicon are experts at finding the Hexicon leads and right opportunities and partners to develops early-stage develop projects form scratch floating wind projects in partnership with both local and global players Mid-stage development When
Slide 12: Project Portfolio Map
PROJECT PORTFOLIO MAP England, 32 MW Sweden, 3,000+ MW Scotland, 100 MW PROJECTS Ireland, 2,000 MW PROSPECTS Italy, 2,550+ MW USA Spain & Portugal Italy, 7,100+ MW South Korea, 2,200+ MW PRESENCE Greece Taiwan NET PORTFOLIO CAPACITY: South Africa, 800+ MW 9+ GW OPERATIONS UPDATE 2023-05-31
Slide 13: Business Update
BUSINESS UPDATE OPERATIONS UPDATE 2023-05-31
Slide 14: Key Achievements During and After the Quarter
KEY ACHIEVEMENTS DURING AND AFTER THE QUARTER • Very intense quarter. • Several value-adding project achievements. The conveyed significant progress in commercial floating wind power projects globally has solidified our position. • Regulatory and technology IP wins. • Streamlining the organisation,
Slide 15: Operational Events During and After the Quarter
OPERATIONAL EVENTS DURING AND AFTER THE QUARTER ITALY HEXICON SWEDEN SOUTH KOREA Italian TSO, Terna SpA, Hexicon became The Swedish joint venture Freja Offshore Formed the Ulsan granted 6 of 7 wind power one of the 108 submitted the application for the floating Floating Offshore Wind sites connectio
Slide 16: Financing Agreement to Accelerate Project Pipeline
FINANCING AGREEMENT TO ACCELERATE PROJECT PIPELINE • Loan agreement, up to EUR 45 million, with Glennmont Partners • Uses: • Up to EUR 35 million, to fund development of project pipeline. • Up to EUR 10 million, for general corporate purposes and fully repaying the outstanding Convertible Loans. • I
Slide 17: Outlook
OUTLOOK OPERATIONS UPDATE 2023-05-31
Slide 18: Outlook
OUTLOOK 1. Floating offshore wind will play a key role in the transition to a fossil-free energy system. 2. Strong customer and brand partnerships to build on. 3. Competitive and patented technology ready to scale to meet demand. 4. Over a decade of experience in floating offshore wind. 5. Establish
Slide 19: Thank You
THANK YOU OPERATIONS UPDATE 2023-05-31