Alfen Nv · EURONEXT:ALFEN
Alfen Nv — H1 2022 Earnings Presentation
12 slides from Alfen Nv's earnings presentation, Aug 25, 2022
Slide 1: Alfen H1 2022 results
Alfen H1 2022 results Webcast 25 August 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, expec
Slide 3: Highlights of the first half-year
Highlights of the first half-year • Strong increase in revenue: H1 2022 revenue of €205.5m, a growth of 78% versus H1 2021 (€115.3m). • Strong increase in profitability: Adjusted EBITDA amounted to €37.3m (18.1% of revenue), an increase of 120% compared to €16.9m (14.7% of revenue) in H1 2021. • Sup
Slide 4: Revenue growth of 78% compared with H1 2021
Revenue growth of 78% compared with H1 2021 EV charging Revenue and other income • Growth is driven by increasing volumes under existing framework agreements, new client wins and further (€ million) internationalisation. • Alfen continued its internationalisation strategy by further strengthening it
Slide 5: Increase in profitability driven by revenue growth combined with operational leverage
Increase in profitability driven by revenue growth combined with operational leverage Adjusted EBITDA (€ million and as % of revenue) +120% 37.3 The adjusted EBITDA margin improvement is a result of strong revenue growth combined with the operational leverage strategy. 18.1% Going forward, Alfen wil
Slide 6: Alfen continues to deliver strong international revenue growth
Alfen continues to deliver strong international revenue growth 2019 2018 2018 Alfen revenue outside of the Netherlands Alfen international revenue Alfen international revenue in € million as % of group revenue 102.9 50% 2014 38% 1937 2020 43.3 2007 2014 H1 2021 H1 2022 H1 2021 H1 2022 2018 • Alfen c
Slide 7: Alfen had further commercial successes in H1 2022
Alfen had further commercial successes in H1 2022 Selected examples EV charging Smart grids Energy storage A contract closed with Pfalzsolar Alfen is building Finland’s third Strengthening of partnership GmbH to provide the grid largest battery energy storage with E-On Drive resulting in solution in
Slide 8: Alfen continues to deploy mitigating actions against supply chain pressures
1 Alfen continues to deploy mitigating Integrated team (purchasing, R&D, sales and operations) monitors actions against supply chain pressures and engages the supply chain and takes purchasing and logistical decisions on a daily basis in order to secure supplies. 2 • The current global supply chain
Slide 9: Financials | Income statement
Financials | Income statement In € ‘000 H1 2022 H1 2021 Revenue and other income 205,529 115,345 Smart grids 71,149 62,500 • Gross margin decreased to 35.3% in the first half-year of 2022 EV charging 124,989 41,349 compared with 36.4% in the first half-year of 2021. Alfen was able to Energy storage
Slide 10: Financials | Balance sheet
Financials | Balance sheet In € ‘000 30 June 20221 31 Dec 2021 Non-current assets 50,542 43,119 • Capital expenditure amounted to €10.1m (4.9% of revenue) in H1 2022 Current assets (excl. cash) 171,503 103,788 as compared to €5.4m (4.7% of revenue) in the same period of 2021. Capex in the first half
Slide 11: Outlook
Outlook Alfen expects that its markets will continue to grow throughout 2022, as the transition to a carbon-free energy system that is not dependent on fossil fuels is building ever more momentum across Europe. Alfen continues to experience supply chain challenges and expect challenges to continue w
Slide 12: 12
12