Friedrich Vorwerk Group Se · XETR:VH2

Friedrich Vorwerk — Q1 2025 Earnings Presentation

18 slides from Friedrich Vorwerk's earnings presentation, Apr 30, 2025

  1. Slide 1: Q1 Earnings Call

    H Q1 Earnings Call 30 April 2025 Driving the clean energy transition.

  2. Slide 2: With 60 years of experience, VORWERK is realizing the energy infrastructure of the future

    With 60 years of experience, VORWERK is realizing the energy infrastructure of the future A strong group of companies… … in highly attractive markets Husum Natural Electricity Clean Adjacent Gas Hydrogen Opportunities Marne Wiesmoor Hamburg Skwierzyna (PL) … with decade-long customer relationships T

  3. Slide 3: VORWERK is critical in transforming and delivering energy from producers to consumers

    VORWERK is critical in transforming and delivering energy from producers to consumers Production/ import Transformation/ transportation Consumer LNG Terminals Storage & Compressor Gas pressure Pipelines measurement stations regulating & International metering stations pipelines Landfall Power-to-Hea

  4. Slide 4: Market update

    H Market update 4

  5. Slide 5: By approving the hydrogen core network, the Federal Network Agency has kicked off the H2 ramp-up

    HYDROGEN By approving the hydrogen core network, the Federal Network Agency has kicked off the H2 ramp-up Planned German HYDROGEN CORE GRID (KERNNETZ) Important milestone on the way to the hydrogen core network 9,040 km Total approved grid length Approval from the Federal Network Agency points the w

  6. Slide 6: The transportation and storage of captured CO2 requires a new pipeline network across Germany

    CO2 The transportation and storage of captured CO2 requires a new pipeline network across Germany Planned German CO2 TRANSPORT NETWORK Up to 4,800 km Total planned grid length Up to 18.8 million t CO2 Total planned transport capacity of the planned grid 100 % New pipelines >14 bn € Total estimated i

  7. Slide 7: The overaged water infrastructure in Germany will require substantial investments in the next decades

    WATER The overaged water infrastructure in Germany will require substantial investments in the next decades Investments in the German DRINKING AND WASTEWATER INFRASTRUCTURE Expert report: Three-digit billion Required total investment 2025-2044 € billion investment needed for safe water and 512 waste

  8. Slide 8: Financial performance Q1 2025

    H Financial performance Q1 2025 8

  9. Slide 9: High order backlog and favorable weather again resulted in a significant revenue increase in Q1

    High order backlog and favorable weather again resulted in a significant revenue increase in Q1 Revenue in €m +73% 159.3 145.0 133.0 117.4 76.7 + 73 % revenue increase y-o-y in Q1 2025 Q1 Q2 Q3 Q4 2024 2025 9

  10. Slide 10: While EBITDA more than doubled, EBIT increased almost sevenfold in the first quarter

    While EBITDA more than doubled, EBIT increased almost sevenfold in the first quarter EBITDA EBIT (adj.) in €m, blue bubbles show EBITDA margin in €m, blue bubbles show EBIT margin 8.8% 13.7% 2.5% 9.6% +169% 18.2 +556 % 13.7 % 12.8 EBITDA margin in Q1 2025 6.8 Q1 2024 Q1 2025 1.9 Q1 2024 Q1 2025 9.6

  11. Slide 11: The 1.1 bn € order backlog forms a solid base for continued revenue and profitability growth

    The 1.1 bn € order backlog forms a solid base for continued revenue and profitability growth Order intake Order backlog in €m in €m -33 % +9% 121 82 1,136 1,045 €m 82 Order intake Q1 2025 Q1 2024 Q1 2025 03/24 03/25 1.1 bn € Order backlog as per 31.03.25 11

  12. Slide 12: For 2025, we continue to expect our revenue growth at a slightly increasing margin

    For 2025, we continue to expect our revenue growth at a slightly increasing margin Revenue EBITDA margin in €m in €m / in % 540-570 8.6% 16.2% 16-17% Upper end of range 498 373 81 540-570 € million Revenue guidance FY 2025 32 Q1 16-17 % FY 2023 FY 2024 FY 2025 FY 2023 FY 2024 FY 2025 EBITDA margin G

  13. Slide 13: Business update

    H Business update 13

  14. Slide 14: With the Achim West compressor station, VORWERK is contributing to a major plant construction project

    With the Achim West compressor station, VORWERK is contributing to a major plant construction project in northern Germany Compressor station Achim West Status Project details Compressor station Achim West (near Bremen) New compressor station near existing stations Embsen and Achim to enhance transmi

  15. Slide 15: Many more large-scale grid projects are currently being tendered

    Many more large-scale grid projects are currently being tendered NATURAL GAS ELECTRICITY 1 ETL 182 6 NordOstLink 7 86 km 2027 6 190 km 2032 1 2 2 ETL 179.200 7 SuedOstLink* 3 758 km 2030 17 km 2027 3 WAD* 8 SuedLink* 90 km 2026 700 km 2028 10 8 4 Spessart-Odenwald-Leitung (SPO)* 9 LanWin2 117 km 202

  16. Slide 16: VORWERK recently acquired two branch offices of Gerhard Rode in the north of Germany

    VORWERK recently acquired two branch offices of Gerhard Rode in the north of Germany Scope of the transaction Overview of acquired assets The scope of the asset deal comprises the branch office in Asset deal – no contractual obligation to take over any Wischhafen as well as the associated operating

  17. Slide 17: Questions & Answers

    Questions & Answers Torben Kleinfeldt CEO Tim Hameister CFO 17

  18. Slide 18: Driving the Clean Energy Transition.

    H Driving the Clean Energy Transition.

Friedrich Vorwerk Group — Q1 2025 Earnings Presentation on 6ix