Alfen Nv · EURONEXT:ALFEN
Alfen Nv — H1 2021 Earnings Presentation
15 slides from Alfen Nv's earnings presentation, Aug 27, 2021
Slide 1: Alfen H1 2021 results
Alfen H1 2021 results Webcast 27 August 2021 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, expec
Slide 3: Highlights of the first half-year
Highlights of the first half-year H1 2021 revenues of €115.3m, a growth of 28% versus H1 2020 (€90.3m), predominantly driven by strong growth of EV charging (+68%) and Energy storage (+47%) Strong increase in profitability: adjusted EBITDA grew 69% to €16.9m (14.7% of revenues) versus €10.0m (11.1%
Slide 4: Revenue growth of 28% compared with H1 2020
Revenue growth of 28% compared with H1 2020 Revenue and other income Smart grids (€ million) • After relatively flat growth of the business line in the first quarter of this year, revenues in the second quarter increased with 15% compared to the same period in 2020. • Grid operators continued to exp
Slide 5: Increase in profitability driven by revenue growth, higher gross margins and operational leverage
Increase in profitability driven by revenue growth combined with higher gross margins and operational leverage Adjusted EBITDA (€ million and as % of revenues) +69% 16.9 The adjusted EBITDA margin improvement is a result of strong revenue growth combined with higher gross margins as well as the oper
Slide 6: Alfen strategy continues to deliver strong international revenue growth
Alfen strategy continues to deliver strong international revenue growth 2019 2018 2018 Alfen revenues outside of the Netherlands Alfen international revenues Alfen international revenues in € million as % of group revenues 2014 1937 CAGR +65% 2020 2007 2014 43.3 38% 29% 2018 26.3 2020 2020 H1 2020 H
Slide 7: Commercial successes in H1 2021
Commercial successes in H1 2021 Selected examples Smart grids EV charging Energy storage Supplying newly engineered A contract to supply three switching stations especially A 3-year framework agreement energy systems of 2MW to Vital designed for onshore wind with Mitsui for the supply of Energi whic
Slide 8: Unique business model continues to deliver integrated and innovative solutions
Unique business model continues to deliver integrated and innovative solutions Integrated project example | Energy storage plaza integrated with solar PV park Smart grids Energy storage Energy storage Alfen developed and is finalising The plaza is integrated with the When required, the mobile the in
Slide 9: Further developed smart energy solutions offering
Further developed smart energy solutions offering Selected examples Introduction of a new and innovative substation range Especially for the new Enexis contract, Alfen engineered a new and innovative substation that meets the latest standards and requirements, such as technical and safety requiremen
Slide 10: On top of the supply chain to mitigate pressures
On top of the supply chain to mitigate pressures Integrated team that monitors and engages the supply chain and takes • Pressure on the supply chain throughout the world as a purchasing decisions on a result of high demand for components, especially daily basis in order to secure electrical ones. su
Slide 11: Financials | Income statement
Financials | Income statement In € ‘000 H1 2021 H1 2020 Revenue and other income 115,345 90,327 Smart grids 62,500 57,832 • Gross margin increased to 36.4% in the first half-year of 2021 compared EV charging 41,349 24,681 with 35.5% in the first half-year of 2020. Despite challenges in the global su
Slide 12: Financials | Balance sheet
Financials | Balance sheet In € ‘000 30 June 20211 31 Dec 2020 Non-current assets 39,683 37,806 • Capex amounted to €5.4m (4.6% of revenues) as compared with €4.9m Current assets (excl. cash) 74,393 56,402 (5.4% of revenues) in the first half-year of 2020. Capex includes investments in IT-infrastruc
Slide 13: Outlook
Outlook Alfen expects that its markets will continue to grow throughout 2021 while they are being less and less affected by COVID-19 as vaccination schemes progress further and as restrictions can increasingly be lifted across Europe. From a supply chain perspective, a high demand for components, es
Slide 14: 14
14
Slide 15: Strong growth for all Alfen's business lines
Strong growth for all Alfen’s business lines Smart grids EV charging Energy storage Annual substation installations Dutch DSOs1 Annual installed EV charge points3 Annual installed energy storage capacity in (# of new substations) (# of charge points in thousands) Western Europe, excluding residentia