Climeon Ab Class B · OMXSTO:CLIME_B
Climeon Ab Class B — Investor Presentation (November 2023)
26 slides from Climeon Ab Class B's investor presentation, Nov 13, 2023
Slide 1: Powering a Sustainable Future
POWERING A SUSTAINABLE FUTURE PRESENTED BY DISCLAIMER: This presentation constitutes an advertisement (and not a prospectus) in accordance with the prospectus regulation. LENA SUNDQUIST, CEO A prospectus has been prepared in connection with the preferential rights issue of units in Climeon AB (publ)
Slide 2: Speaking Today
SPEAKING TODAY LENA SUNDQUIST CARL ARNESSON CEO CFO
Slide 3: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Rights Issue 7 Q&A
Slide 4: Our Vision
OUR VISION To reduce global CO2 emissions and accelerate the use of sustainable power with world leading HeatPower solutions
Slide 5: Climeon at a Glance
CLIMEON AT A GLANCE ABOUT US MARITIME • Founded in 2011, Climeon’s proprietary HeatPower system converts low temperature heat into clean sustainable electricity with market-leading efficiency • Approx 45 employees incl consultants, headquartered in Stockholm, Sweden • More than 40 installations glob
Slide 6: Climeon at a Glance: Q3 Highlights
CLIMEON AT A GLANCE Q3 Highlights MARITIME ENERGY & INDUSTRY PRODUCT & TECHNOLOGY KEY FINANCIALS Sale confirmed with HD-HHI for 6 Focusing on European projects R&D securing performance, HeatPower 300 units to Maersk within industrial, power and documentation and certification to Announced fully guar
Slide 7: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Rights Issue 7 Q&A
Slide 8: Maritime Overview
MARITIME OVERVIEW Q3 EVENTS Helping our customers lead the way in the decarbonization of the maritime industry Up to 5% fuel savings & less than 5 years payback time Energy Efficiency & Decarbonization ✓ Climeon attended KorMarine exhibition in Busan, Korea ANNUAL ADDRESSABLE MARKET Customers: Q3 SE
Slide 9: 2.5 MEUR Order from Hyundai Heavy Industries for Maersk Container Ships
RECENT ORDER: JULY 2023 2.5 MEUR ORDER FROM HYUNDAI HEAVY INDUSTRIES FOR MAERSK CONTAINER SHIPS ✓ Six HeatPower 300 units sold to one of the world’s largest shipbuilder, Hyundai Heavy Industries (HHI) ✓ HeatPower 300 systems to be delivered to South Korea in 2024 for installation onboard Maersk’s ne
Slide 10: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Rights Issue 7 Q&A
Slide 11: Energy & Industry Overview
ENERGY & INDUSTRY OVERVIEW HeatPower provides a solution for the growing demand for sustainable, cost-effective electricity Growing electricity demand High cost of electricity and intensified focus on energy independence Decarbonization and environmental focus Target group: ENHANCED PAYBACK TIME Eur
Slide 12: Termolink - NEO Group
ENERGY & INDUSTRY TERMOLINK - NEO GROUP Increasing on-site energy efficiency at NEO GROUP’s PET resins factory to support sustainable energy transition in Lithuania ✓ 1.1 MEUR order of two HeatPower 300 systems sold to EPC, Termolink ✓ Termolink to complete installation at NEO GROUP plant in Q2 2024
Slide 13: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Rights Issue 7 Q&A
Slide 14: Our Product: HeatPower 300
OUR PRODUCT: HEATPOWER 300 HEATPOWER 300 NEXT GENERATION PRODUCT PLATFORM ✓ Designed to fulfill customer requirements and payback time less than 5 years ✓ Industry leading efficiency and Power production up to 355 kW ✓ Certification meet European and Marine markets and easily -50% Cost per produced
Slide 15: Product & Technology: Ongoing Actions
PRODUCT & TECHNOLOGY Ongoing actions TECHNICAL DEVELOPMENT SUPPLY CHAIN ✓ Optimizing the performance and production of electricity ✓ Continuing to develop and strengthen cooperation with for various customer profiles. subcontractors and partners. ✓ Design approval acquired for DNV, Lloyd’s Register,
Slide 16: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Rights Issue 7 Q&A
Slide 17: Financial Key Focus Areas
FINANCIAL KEY FOCUS AREAS ✓ Plan for profitability • Additional orders • Customer project profitability & commercial terms • Gross margin development HeatPower 300 • Continuous COGS reduction • Supply chain efficiency ✓ Continued cost control and a cost base according to plan • Underlying OPEX decli
Slide 18: Operational Cost Base Maintained at a Low Level
OPERATIONAL COST BASE MAINTAINED AT A LOW LEVEL • Cost base continued to decrease YoY, largely driven by a solid cost control. Marketing and OPERATIONAL COST DEVELOPMENT, EXCL COGS, 2021-2023 YTD (MSEK) commercial activities are in focus. • Organization kept at previous level and is 60 43 39 prepare
Slide 19: Strengthen Cash Inflow and Minimize Spend During HeatPower 300 Roll-out
STRENGTHEN CASH INFLOW AND MINIMIZE SPEND DURING ONGOING HEATPOWER 300 ROLL-OUT • HeatPower 300 development during the last 2 CASH FLOW 2021-2023 YTD (MSEK) 1) years. Plan to keep operational cashflow to a minimum during ongoing HeatPower 300 roll- Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3
Slide 20: Rights Issue - Use of Proceeds
RIGHTS ISSUE - USE OF PROCEEDS ✓ Finance the continued commercialization of HeatPower 300 ✓ Strengthen the Company's working capital • Incl finance deliveries of existing and expected orders
Slide 21: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Summary Rights Issue 7 Q&A
Slide 22: Rights Issue Overview
RIGHTS ISSUE OVERVIEW Transaction terms and timeline Transaction Fully guaranteed rights issue of SEK 100,430,971 with preferential rights for existing shareholders Key transaction dates Use of The purpose of the Rights Issue is to to finance deliveries of existing and expected orders and continued
Slide 23: Rights Issue of Units
RIGHTS ISSUE OF UNITS One (1) share in the Company one (1) unit right Five (5) unit rights and SEK 5.28 one (1) Unit in the Company Corresponding to SEK 0.88 per share 1 Unit 6 class B shares, 3 warrants June 2024 one (1) One (1) warrant class B share The subscription price will correspond to 70 per
Slide 24: Contents
INVESTOR UPDATE CONTENTS 1 Climeon at a Glance 2 Maritime 3 Energy & Industry 4 Product & Technology 5 Key Financials 6 Rights Issue 7 Q&A
Slide 25: Q&A
7 Q&A Raise a question via the chat or raise your hand - the moderator will hand you the floor LENA SUNDQUIST CARL ARNESSON CEO CFO
Slide 26: Powering a Sustainable Future
POWERING A SUSTAINABLE FUTURE SUBSCRIPTION PERIOD 8-22 NOVEMBER A recording of this presentation will be available on our website following this meeting