Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Q1 2023 Earnings Presentation
20 slides from Fusion Fuel Green's earnings presentation, Jun 5, 2023
Slide 1: 1Q 2023 Presentation
ALL RIG HT S BELONG TO FUSION - FUEL 1Q 2023 PRESENTATION
Slide 2: Disclaimer
ALL RIG HT S BELONG TO FUSION - FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (t he “Company”). Such statements are “forward looking statements” within the meaning of the “safe harbor” provisions of the Un
Slide 3: Agenda
ALL RIG HT S BELONG TO FUSION - FUEL ▪ Chairman’s Remarks ▪ Focus on Fusion ▪ Q1 Financials & Highlights ▪ Projects Update ▪ Technology & ▪ 2023 Milestones ▪ Q&A AGENDA
Slide 4: Focus on Fusion
ALL RIG HT S BELONG TO FUSION - FUEL 01 — FOCUS ON FUSION
Slide 5: Unique product offering based on patented micro-electrolyzer technology
ALL RIG HT S BELONG TO FUSION - FUEL 5 Unique product offering based on patented micro - electrolyzer technology De - risked near - term project pipeline Differentiated strategy of tech sales and project development Significant growth potential from current platform ▪ Modular PEM architecture unlock
Slide 6: Q1 Highlights & Financials
ALL RIG HT S BELONG TO FUSION - FUEL 02 — Q1 HIGHLIGHTS & FINANCIALS
Slide 7: Key Developments
ALL RIG HT S BELONG TO FUSION - FUEL Key Developments ▪ Announced hydrogen offtake agreement with Dourogás ▪ Signed of Terms of Acceptance for € 10 million grant from PRR Component 14 ▪ Awarded € 3 . 3 million grant from H 2 Pioneros Program for 2 . 4 MW green hydrogen project in Spain ▪ Announced s
Slide 8: Key Financials & Figures (income statement)
ALL RIG HT S BELONG TO FUSION - FUEL Q4 2022 Q1 2023 KEY FINANCIALS & FIGURES (€000’s) (Unaudited) - 582 o/w revenues 1 (6,884) (1,120) o/w cost of goods sold 2 (875) (855) o/w share - based payment (non - cash) expenses 3 172 - o/w operating income (7,753) (5,975) o/w operating expenses 4 (3,321) -
Slide 9: Key Financials & Figures (assets)
ALL RIG HT S BELONG TO FUSION - FUEL Q4 2022 Q1 2023 KEY FINANCIALS & FIGURES (€000’s) (Unaudited) 21,274 23,736 Property, plant and equipment 1 5,350 5,285 Intangible assets 2 26,624 29,021 TOTAL NON - CURRENT ASSETS - 1,109 Trade receivables 3 4,574 4,437 Prepayments and other receivables 4 22,336
Slide 10: At the Market Issuance Sales Agreement and equity
ALL RIG HT S BELONG TO FUSION - FUEL 1 On June 6, 2022, we entered into an At the Market Issuance Sales Agreement (“the ATM”) with B. Riley Securities, Inc., Fearnley Securities Inc., and H.C. Wainwright & Co., LLC, pursuant to which the Company may offer and sell, from time to time, through or to t
Slide 11: Projects
ALL RIG HT S BELONG TO FUSION - FUEL 03 — PROJECTS
Slide 12: Projects update and dual strategy
ALL RIG HT S BELONG TO FUSION - FUEL 12 ▪ Currently commissioning the Exolum project in Madrid, Spain and have started executing on the client contract with CSIC, in Zaragoza, Spain ▪ 2023 orders are currently focused on projects using the HEVO - Solar solution, however the first proposals for HEVO
Slide 13: Hydrogen mobility partnerships in Spain
ALL RIG HT S BELONG TO FUSION - FUEL 13 Fusion Fuel Spain is partnering with two leading European energy companies, in addition to our existing partnership with Toyota Material Handling, to create a holistic solution for hydrogen mobility in one of Spain ´ s principal logistic centers ▪ In this ecos
Slide 14: HEVO-Chain
ALL RIG HT S BELONG TO FUSION - FUEL 04 — HEVO - CHAIN
Slide 15: HEVO-Chain technology advantages
ALL RIG HT S BELONG TO FUSION - FUEL 15 x Cheaper power equipment – Novel MEA design has amperage requirements that are roughly one eighth that of a traditional PEM electrolyzer, for the same amount of power x Improved long - term performance – Proprietary design enhances overall performance as degr
Slide 16: HEVO-Chain Series NC and Series C
ALL RIG HT S BELONG TO FUSION - FUEL HEVO - Chain Series NC ▪ At the core is the HEVO - Chain Cube, consisting of 36 HEVOs . The system to meet the electrolysis capacity requirements for any size project ▪ Balance of system tailored per solution and includes water system, oxygen separator and power
Slide 17: 2023 Priorities & Milestones
ALL RIG HT S BELONG TO FUSION - FUEL 05 — 2023 PRIORITIES & MILESTONES
Slide 18: 2023 Strategic Priorities
ALL RIG HT S BELONG TO FUSION - FUEL 18 1. Commence commercial activities in Northern Europe • Northern Europe has an active electrolyzer market which with the HEVO - Chain solution, we can actively enter 2. Strengthen balance sheet and capital position • Look to ensure funding into 2024 and through
Slide 19: 2023 Milestones
ALL RIG HT S BELONG TO FUSION - FUEL 19 2 – 3 – 1 – 4 – SALES & GRANTS o 2023 revenue target contracted o 2024 pipeline with confirmed orders x Secure grants for company - owned plants and for third - party projects TECH DEVELOPMENT o Finalize trials and development of HEVO - Chain ▪ Introduce O 2 C
Slide 20: www.fusion-fuel.eu
ALL RIG HT S BELONG TO FUSION - FUEL WWW.FUSION - FUEL.EU