Slide 1: Kempower H1 2023 Financial Results
Kempower H1 2023 Financial Results
Slide 2: Q2/2023: Kempower continued on a strong and profitable growth track
Q2/2023: Kempower continued on a strong and profitable growth track Tomi Ristimäki Jukka Kainulainen Chief Executive Officer Chief Financial Officer
Slide 3: Disclaimer
Disclaimer IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Kempower Corporation (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the
Slide 4: Highlights
Highlights Demand exceeding expectations Increased production capacity Record high quarter in many key figures
Slide 5: Q2 2023 Profitable growth continues
Q2 2023 Profitable growth continues 72.5 86.3 EUR million EUR million Revenue Order intake 235% 19.2% Revenue growth Operative EBIT year-on-year, % margin, % Strong demand for Kempower’s electric vehicle charging solutions continued. Improved production capacity to match surging demand.
Slide 6: Dedicated and reliable EV charging solution partner
Dedicated and reliable EV charging solution partner TOP 5 PLAYER IN EUROPE AND NORTH AMERICA BY 2030 Europe North America Rest of the World Top position in the Nordics Rapidly growing market, Business development stage and increasing market entry in 2023 to screen key markets* share in the Rest of E
Slide 7: One million new BEVs registered in Europe in H1 2023; increase of 45 percent
One million new BEVs registered in Europe in H1 2023; increase of 45 percent EUR 14 billion DC charging market in 2030 Europe North America EUR 7.6 billion EUR 6.5 billion 50 million EVs by 2030 40 million EVs by 2030 44 million 500,000 eTrucks 36 million 600,000 eTrucks BEVs BEVs 5 million 250,000
Slide 8: Customer highlights
Customer highlights We received a second order from one of the largest retailers in the UK to deliver high powered charging systems for nation-wide public charging. We partnered with Arnold Clark, one of Europe’s largest car retailers to provide rapid EV charging solutions across the UK. National Ca
Slide 9: We continue to scale-up production
We continue to scale-up production We were able to answer surging demand through continuous improvement in our production and supply chain operations. We produced 9,170 charging points and 475 megawatts of power during the first half of 2023. Europe • Improved production capacity in Lahti factory. •
Slide 10: North America entry advancing as planned
North America entry advancing as planned Production preparations and customer pipeline development are progressing well. We are currently building our US organization and recruited Tim Joyce as President, North America to lead our US operations. Production to start in the US by the end of 2023.
Slide 11: Important milestones in RDI and Technology
Important milestones in RDI and Technology Research, Development and Innovation • A new Kempower Electric Mobility Research Center in cooperation with LUT University in Finland. • A new RDI center was opened in Vaasa, Finland, with a focus on Megawatt Charging Systems. • Expansion of Tampere RDI cen
Slide 12: Sustainability
Sustainability Kempower was awarded with Carnegie Sustainability Award for its sustainability and climate mitigation contributions in Q2 of 2023. We achieved an excellent eNPS score of 71 in H1 of 2023. Our new planned production facility in Finland will take into account circular economy and biodiv
Slide 13: Financial Review
Financial Review
Slide 14: Key figures
Key figures during the review period, IFRS EUR million Q2/2023 Q2/2022 H1/2023 H1/2022 2022 Comments Order backlog 138.5 62.4 138.5 62.4 118.9 • Record high Order intake, Revenue and Order intake 86.3 55.0 147.7 81.9 208.9 Operative EBIT margin, %. Revenue 72.5 21.6 128.2 33.2 103.6 • Operative EBIT
Slide 15: Strong revenue growth in Q2 2023
Strong revenue growth in Q2 2023 Revenue by geographical area (EUR million) Comments 2023 H1: 128.2 72.5 • Q2 2023 revenue EUR 72.5 million 0.9 3.8 growing 235% year-on-year. • In absolute terms biggest year-on-year 55.8 growth in Q2 and H1 was in Rest of 2022: 103.6 1.7 4.9 Europe and Nordics. • In
Slide 16: Excellent sales performance in Q2 2023
Excellent sales performance in Q2 2023 Order intake (EUR million) Order backlog (EUR million) Comments • Q2 2023 order intake growth 138.5 57% year-over-year. 86.3 118.9 • At the end of Q2 2023 Order Backlog grew to EUR 138.5 65.4 million (62.4 million in Q2 2022). 61.7 61.4 55.0 26.9 11.6 11.5 13.7
Slide 17: Strong cash generation during the quarter
Strong cash generation during the quarter Operative EBIT (EUR million) Operating cash flow (EUR million) Comments 13.9 19% • Strong Operative EBIT during the quarter. • Operating cash flow positive EUR 20.5 20.5 million in Q2 driven by revenue 6.7 6.9 12% growth, strong margins and 6% improved worki
Slide 18: Kempower's new outlook for 2023
Kempower’s new outlook for 2023 Kempower gave a positive profit warning on 18 July 2023 and raised its profit guidance for 2023. Kempower expects: • 2023 revenue; EUR 280–310 million, assuming no major impact from foreign currency exchange rates (revenue 2022: EUR 104 million, the revenue outlook pu
Slide 19: Kempower's financial targets
Kempower’s financial targets Financial targets Revenue of EUR 750 million in the medium term Growth (years 2026-2028) Operative EBIT margin of 10 percent to 15 percent reached Profitability in the medium term (years 2026-2028) and operative EBIT margin of at least 15 percent in the long term Dividen
Slide 20: Q&A
Q&A