Slide 1: Q2 2022
Q2 2022 Peter Bardenfleth-Hansen – CEO Kurt Østrem – CFO
Slide 2: Zaptec by the numbers
Zaptec by the numbers 130.000+ 6 84% charging stations sold sales companies Increase in order intake from Q2-21 70% ≈400.000 120 Export share Parking spaces with employees infrastructure for further Zaptec Pro chargers
Slide 3: Zaptec's CEO: The man who introduced Tesla to the Nordic region
Zaptec’s CEO: The man who introduced Tesla to the Nordic region And what key take away is relevant for Zaptec? “In a competitive environment it is important to stay focused on the goal and not take any shortcuts. Not least, you need to have a clear vision that the whole organisation understands. Whe
Slide 4: Highlights Q2 - 2022
Highlights Q2 - 2022 • Strong purchase orders registration of 218 MNOK, up 84% • Revenue growth of 65% despite production stop whole of April • Production going forward secured and second production partner Sanmina on track • Export share of 70% • Gross margin of 42% • Adjusted EBITDA of 7.7 MNOK
Slide 5: Key numbers
Key numbers Quarterly revenue and order intake (MNOK) MNOK/% Q2-22 Q2-21 YTD 2022 YTD 2021 250 250 Revenues 151.5 92.1 283.7 165.2 200 193 200 Export Share 70% 41% 69% 40% 152 Gross margin 41.9% 35.8% 43.9% 34.7% 150 132 150 131 Operating 55.81 21.2 107.7 40.1 100 92 100 expenses 79 73 EBITDA adj. 7
Slide 6: Market development
Market development • European expansion continues, country manager for Benelux signed • Zaptec Germany signed with ChargeGuru, providing Germany-wide platform of certified installers • Zaptec Denmark signed reseller agreements with NRGI and KW Bruun
Slide 7: EV markets Scandinavia and Switzerland
EV markets Scandinavia and Switzerland • 7% decrease in Q2-22 compared to Q2-21 • 1% increase in the first half year compared to the same period last year Source: ofv.no, bilstatistik.dk, powercircle.org, Swissinfo.ch
Slide 8: EV markets UK and Germany
EV markets UK and Germany • 221 240 EVs sold in Q2-22, a decrease of 9% compared to Q2-21 Source: InsideEVs
Slide 9: International expansion
International expansion • The export share was 70% (41% in Q2-21) • Our largest export markets were Sweden, Denmark, Switzerland and Iceland
Slide 10: 1527 car parks ready to go with Zaptec Pro
1527 car parks ready to go with Zaptec Pro We managed to prepare a total of 1527 car parks with Zaptec Pro chargers during the quarter. That is up from 1470 car park installations last quarter. There are several parking possibilities in each car park, where typically 20% is equipped with a Zaptec ch
Slide 11: Subscription for payment services
Subscription for payment services Charge365 • Our payment service solution for Pro- end-customers in Norway is steadily increasing, now with more than 13000 active unique users Zaptec Park • To expand into new markets quickly, Zaptec entered into an agreement with Monta to provide end customers the
Slide 12: Production
Production • Components are back in stock and production is increasing at Westcontrol • Action taken both technically and within supply chain to prevent further delays • Additional production partner Sanmina on track • Backlog of Zaptec Go expected to be eliminated by Q3-22, and Zaptec Pro by Q1-23.
Slide 13: Outlook
Outlook • Shift towards e-mobility remains resolute and unchanged • Production secured to follow Zaptec’s growth rate of minimum 70% • Long term target EBITDA margin remains in the range of 15-20%
Slide 14: Q&A / Disclaimer – forward looking statements
Q&A Disclaimer – forward looking statements Cautionary Statement Regarding Forward-Looking Statements In addition to historical information, this presentation contains statements relating to our future business and/or results. These statements include certain projections and business trends that are