Nx Filtration N.v. · EURONEXT:NXFIL
Nx Filtration — FY2021 Earnings Presentation
25 slides from Nx Filtration's earnings presentation, Feb 11, 2022
Slide 1: FY 2021 results Webcast
FY 2021 results Webcast 11 February 2022 1
Slide 2: Key highlights 2021
1 Key highlights 2021 2 Strong progress against strategy 3 Financials and outlook 2
Slide 3: Key highlights (1/2)
Key highlights (1/2) Accelerating revenue growth and strong strategic progress o Total revenues1) of €4.1m, an increase of 281% compared to 2020, outperforming the >€3.7m outlook as communicated at IPO and HY results Total revenues o Strong acceleration in the second half of 2021, with a year-on-yea
Slide 4: Key highlights (2/2)
Key highlights (2/2) Accelerating revenue growth and strong strategic progress o Key management additions: CFO Marc Luttikhuis per January 2022 and CCO Alejandro Roman Strengthening Fernandez per September 2021 organization o Further expanding sales force, pilot engineers, production personnel and R
Slide 5: 2021, a year of strong focus on ESG…
2021, a year of strong focus on ESG… o Green labelled IPO, o Alignment with UN Sustainable o Already strongly anticipating on EU Taxonomy externally certified by Development Goals (SDGs) requirements and European Green Deal CICERO Green o Central to our strategy is SDG 6 (clean o All dNF sales contr
Slide 6: …with measurable impact across our ESG framework
…with measurable impact across our ESG framework Clean water for all o Our 2021 membrane sales could enable the production of 121 billion liters of clean water1)… o …which is equivalent to the drinking water supply for 22 million persons during 1 year o In 2021, NX Filtration enabled clean water acr
Slide 7: Strong topline dynamics…
Strong topline dynamics… Total revenues (€ ‘000) o Total revenues grew 281% versus 2020, driven by increasing +281% number of pilot projects and full-scale projects that resulted from preceding pilot projects, as well as sales force expansion 4,069 to new countries (Canada, USA, India, Singapore and
Slide 8: …with rapid acceleration in H2 2021
…with rapid acceleration in H2 2021 Total revenues (€ ‘000) o H2 year-on-year total revenues grew 420% versus H2 2020 +420% o Acceleration of growth driven by: 2,789 − Conversion of pilot projects into full-scale projects 704 Other income − Repeat business from OEM customers − Expanding global sales
Slide 9: Increasing traction with global blue-chip customer base
Increasing traction with global blue-chip customer base Selected examples Research contract with PepsiCo Pilot project with Aigües Expansion of pilot testing Pilot project with Service de Repeat project with to investigate additional de Barcelona to treat program with Veolia for the l’Eau de Lausann
Slide 10: Favourable market dynamics and outlook
Favourable market dynamics and outlook Treated wastewater embraced as the Circular economy themes are being sustainable alternative to freshwater adopted by utilities and industries across resources the globe o Conserving freshwater resources and Treated Circular o Technology solutions with circular
Slide 11: Strong progress against strategy
1 Key highlights 2021 2 Strong progress against strategy 3 Financials and outlook 11
Slide 12: Expanding global footprint
Expanding global footprint Revenue of sale of goods by region Asia RoW 3% 8% North America 13% 2020: 2020 24% outside Europe 76% Europe RoW 6% Europe 34% 2021: 2021 66% outside Asia 42% Europe Countries with NX Filtration local sales force presence as per 31 Dec 2020 Additional countries with NX Fil
Slide 13: Strong tangible growth throughout the business development funnel
Strong tangible growth throughout the business development funnel Commercial roll-out model dNF Repeat Recurring projects replacements Pilots Demo plants Full-scale Replacements x3.0 x4.7 92 14 # of pilot 5 Demo plants # of full- and Of which scale demo 31 87 Pilots 8 repeat Full-scale projects proj
Slide 14: Increasing number of pilot projects based on expanding pilot fleet
Increasing number of pilot projects based on expanding pilot fleet Reaching the halfway point towards medium-term objective of 200 pilot systems Number of pilot projects o Pilots play an important role in NX Filtration’s commercial roll-out 55 strategy o Pilot projects comprise of small pilots (typi
Slide 15: Successful strategy of pilot conversion and repeat business
Successful strategy of pilot conversion and repeat business Selected examples Example of pilot conversion: Mexico Pilot Demo plant Full-scale New pilots Mexplorer testing in Demo plant with 15 Order for full-scale (35 Various industrial and H1 2021 small-scale modules modules) plant in Q4 municipal
Slide 16: We have further strengthened our organization with top level hires
We have further strengthened our organization with top level hires New Chief Financial Officer New Chief Commercial Officer Marc Luttikhuis Alejandro Roman o Joined NX Filtration in o Joined NX Filtration in January 2022 September 2021 o To be formally appointed as o Extensive experience in board me
Slide 17: Our capacity expansion is on track
Our capacity expansion is on track Major milestone with second membrane spinning line commissioned Second spinning line at current facilities Development of new plant o Second high-capacity spinning line for the production of o On track for realizing a new production facility, which, upon direct nan
Slide 18: Our membrane technology is already leading today…
Our membrane technology is already leading today… Global Water and Wastewater Treatment Membrane Market(1) Distinction Breakthrough Technology Company of the Year “NX Filtration’s membrane provides a step change “Climate change today leads to increasing water in water treatment, disrupting tradition
Slide 19: …with a strong focus on innovations for the future
…with a strong focus on innovations for the future Updates to patent portfolio during 2021: from 25 to 35 granted Launch of projection patents during 2021 and 2 new patent family applications tool 3.0 in H2 2021 Release of 3rd generation projection tool, allowing our Positively charged First 4 paten
Slide 20: Financials and outlook
1 Key highlights 2021 2 Strong progress against strategy 3 Financials and outlook 20
Slide 21: Summary P&L
Summary P&L In € ‘000 2020 2021 o Total revenues grew 281% (420% in H2 y-o-y) driven by increasing number of full-scale dNF projects, start of Total revenues1) 1,069 4,069 HYDRAcap contract in January 2021 with gradual ramp-up during 2021, sales force expansion to new countries Clean Municipal Water
Slide 22: Balance sheet
Balance sheet In € ‘000 31 Dec 2020 31 Dec 2021 o Capex amounted to €8,616k and included investments in the ongoing capacity expansion (new production facility Non-current assets 6,631 18,043 for module production and expansion of the production facility for membrane production) and the expansion of
Slide 23: Outlook
Outlook o Further ramp-up pilot program, initiating new pilots across industries, applications and geographies. Ambition to grow number of pilots projects from 87 in 2021 (27 in 2020) to over 160 in 2022 Pilots o Further expansion of fleet of pilot systems from 85 at the end of 2021 to over 140 at t
Slide 24: Disclaimer
Disclaimer IMPORTANT: The information set out herein (the Information) does not constitute or form part of, and should not be construed as an offer or the solicitation of an offer to subscribe for or purchase securities of NX Filtration. The Information contains forward-looking statements. All state
Slide 25: filtration
OO Nx filtration