Leclanche Sa · SIX:LECN
Leclanche Sa — H1 2019 Earnings Presentation
13 slides from Leclanche Sa's earnings presentation, Sep 26, 2019
Slide 1: 2019 Interim Results Webcast
2019 Interim Results Webcast 26 September 2019
Slide 2: 2019 Interim Results – Headlines
2019 Interim Results – Headlines • Combined order book now exceeds CHF 100 million • Delayed project financing and longer-than-expected ramp-up phase cause significant revenue deferrals • Purchase order of USD 57 million expected by year end for solar + storage project in St. Kitts and Nevis • Stron
Slide 3: CHF 100+ million Order Book – Stationary Storage
2019 Interim Results – CHF 100+ million Order Book Stationary Storage business: • Large qualified pipeline of projects • 44.2 MWh / USD 57 million solar generation-plus-energy storage project awarded in St Kitts and Nevis in the Caribbean • Due diligence with a major American infrastructure investme
Slide 4: CHF 100+ million Order Book – E-Transport Solutions
2019 Interim Results – CHF 100+ million Order Book E-Transport Solutions business: • e-Marine business: the combined value of purchase orders for delivery in 2019- 2021 exceeds CHF 35 million. These cover a large range of marine vessels including passenger ferries, and those used for cargo and oil a
Slide 5: CHF 100+ million Order Book – Specialty Battery Systems
2019 Interim Results – CHF 100+ million Order Book Specialty Battery Systems business: • Comprises custom-designed battery packs for robotics, defense and medical applications. • We have delivered battery packs to market leaders for Automated Guided Vehicles (AGV) for warehouse applications and robo
Slide 6: Operations Update
2019 Interim Results – Operations Update • Cost reduction: Electrochemistry R&D focus, on track to achieve a 55% cost reduction in cell production by 2020 thanks to the successful development of the 6-2-2 cathode and the introduction of the new G- NMC 55 Ah, 200 Wh cells. • Precautionary quality and
Slide 7: Strategic Reorganisation
2019 Interim Results – Strategic Reorganisation • The Board of Directors of Leclanché has decided to reorganise the operating model of the Company as the current business units have reached a critical size in terms of personnel, revenue and customer contracts. • The new business units will operate a
Slide 8: Funding Update
2019 Interim Results – Funding Update • In April 2019, the Company signed a working capital loan of CHF 35 million with FEFAM1, its majority shareholder • In addition, the Company still has an amount of approximately CHF 34 million to be recovered by the end of the year, including the JV's licensing
Slide 9: Financial Results
2019 Interim Results – Financial Results EBITDA loss: • low level of revenue which is stemming from deferred funding, adverse impact of production stop for safety reasons, delay in the launch of the project in St Kitts and in the recognition of the revenue of the Indian JV licensing fee. • increase
Slide 10: Financial Results (cont'd)
2019 Interim Results – Financial Results (cont’d) The main changes reported in the Balance sheet compared to 31 December 2018 are the following: • Adjustments on adoption of IFRS 16, which requires us to recognise in the balance sheet the operating lease commitments and the right to use the leased a
Slide 11: Going Forward
2019 Interim Results – Going Forward • The Company has a strong order book of more than CHF 100 million and is ramping up the delivery in all areas. • The focus is on maximising revenues in 2019 and delivering a better 2020. • Key dependencies for revenue recognition in 2019 include the deliveries o
Slide 12: Our Value Proposition
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Slide 13: Thank you
0 Ry sO Cle.) Coot = STATIONARY SOLUTIONS A Leclanché Energy Storage Solutions Thank you if 25 e-TRANSPORT SOLUTIONS SPECIALTY BATTERY SYSTEMS