Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Q3 2022 Earnings Presentation
10 slides from Alfen Nv's earnings presentation, Nov 9, 2022
Slide 1: Alfen 2022 Q3 trading update
Alfen 2022 Q3 trading update Webcast 9 November 2022 1
Slide 2: Disclaimer
Disclaimer This communication may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expect
Slide 3: Alfen's highlights of Q3 2022
Alfen’s highlights of Q3 2022 • Q3 2022 revenues amounted to €123.2m, a growth of 103% versus Q3 2021 (€60.6m). This growth was primarily driven by EV charging equipment and Energy Storage Systems. • Gross margin at 34.8% compared with 36.9% in Q3 2021. • Adjusted EBITDA of €24.5m (19.9% of revenues
Slide 4: Segmental review | EV charging equipment
Segmental review | EV charging equipment Revenues and other income (€ million) • In the EV charging equipment business line, Q3 revenues were €70.6m (+180% from +180% €25.2m in Q3 2021). 70.6 • Alfen benefitted from higher EV adoption in its core markets leading to strong demand for EV charge points
Slide 5: Segmental review | Smart grid solutions
Segmental review | Smart grid solutions Revenues and other income (€ million) +7% • In the Smart grid solutions business line, Q3 revenues were €35.5m (+7% from €33.2m in 35.5 33.2 Q3 2021). • The private networks business continued to be hampered by supply chain pressures in Q3. Project execution t
Slide 6: Segmental review | Energy storage systems
Segmental review | Energy storage systems Revenues and other income (€ million) • In the Energy storage systems business line, Q3 revenues were €17.1m (from €2.2m in +677% Q3 2021). 17.1 • In this quarter, the backlog that Alfen has communicated about in previous quarterly updates comes through in i
Slide 7: Group financials
Group financials • Q3 2022 revenues amounted to €123.2m, a growth of 103% versus Q3 2021 (€60.6m). This growth was Revenues Y-o-y revenue growth primarily driven by EV charging equipment and (€ million) (%) Energy Storage Systems. 123.2 103% 110.0 95.5 77% 79% • Gross margin in Q3 2022 was 34.8%, co
Slide 8: Supply chain update
• Up until today, Alfen has been able to manage the supply chain challenges. • At the same time, supply chain pressures have sustained over the past months. The pressures affect Alfen directly through its own supply chain and indirectly, for example, through the supply chain of electric vehicles. Su
Slide 9: Outlook
Outlook • Alfen expects that its markets will continue to grow throughout 2022. • Alfen continues to experience supply chain challenges and expect challenges to continue well into 2023. Alfen remains committed to being on top of the situation through deploying its rigid operational processes. • Long
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