Ads-tec Energy Plc · NASDAQ:ADSE
Ads-tec Energy — H1 2024 Earnings Presentation
36 slides from Ads-tec Energy's earnings presentation, Sep 12, 2024
Slide 1: Earnings Call – HY1/2024
Earnings Call – HY1/2024 Thomas Speidel (CEO) Wolfgang Breme (CFO) 12.09.2024
Slide 2: Disclaimer
2 12.09.2024 ADS-TEC Energy © Disclaimer Cautionary Language Regarding Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be
Slide 3: Agenda
3 12.09.2024 ADS-TEC Energy © Agenda 1. Review HY1/24 and Outlook to FY2024 2. Market Trends and Challenges 3. Strategy and USPs 4. Financial Highlights
Slide 4: Review HY1/24 and Outlook FY2024
Review HY1/24 and Outlook FY2024 Thomas Speidel (CEO)
Slide 5: Review HY1/24 and Outlook 2024
5 12.09.2024 ADS-TEC Energy © Review HY1/24 and Outlook 2024 Revenues of 79.3m in HY1/24, reflecting a growth of 107% compared to €38.3 million for the same period in 2023 Adjusted EBITDA positive in HY1/24 Increasing number of blue-chip clients Focusing on our platform strategy, the concept
Slide 6: Market Trends and Challenges
Market Trends and Challenges Thomas Speidel (CEO)
Slide 7: The challenge of the volatile energy system
#1 The challenge of the volatile energy system
Slide 8: What drives ADS-TEC Energy every day?
8 12.09.2024 ADS-TEC Energy © What drives ADS-TEC Energy every day? The transition of today’s energy system across the sectors of heat, energy and transportation. Old World New World Centralized Power Supply Increase of New Energy Consumers and Suppliers Most of this energy supply will be covered by
Slide 9: Volatile generation and consumption are at the heart of the transformation
9 12.09.2024 ADS-TEC Energy © Volatile generation and consumption are at the heart of the transformation. - = Volatile production of energy with renewables Volatile consumption of energy Production - consumption must be ZERO • Wind • E-Mobility/EV‘s • Energy Storage System • Solar/PV • Heating • Fle
Slide 10: Expensive grid upgrades are only one part of the solution
10 12.09.2024 ADS-TEC Energy © Expensive grid upgrades are only one part of the solution. Germany – grid costs until 2045 (est.) 300 billion EUR for transmission grids and power lines 150 billion EUR for regional distribution grids Source: focus.de / 3rd of Feb 2024 The energy transition is not
Slide 11: Grid fees have already been continuously increasing for the last 14 years
11 12.09.2024 ADS-TEC Energy © Grid fees have already Annual grid fees for electricity in Germany been continuously by different customer groups until 2023 increasing for the last 14 years. 10,00 9,00 ? Costs for grid expansion and integration of 3.55 % renewables ? 8,00 are passed on Average Value
Slide 12: The challenge of the investors dilemma and E-Mobility
#2 The challenge of the investors dilemma and E-Mobility
Slide 13: Innovation Cycles
13 12.09.2024 ADS-TEC Energy © Innovation Cycles 1 Every product and every innovation follows a cycle Innovation Cycle Business Growth 0 Time StartUp Early RampUp Growth Saturation Decline Adopters
Slide 14: The dilemma zone
14 12.09.2024 ADS-TEC Energy © The dilemma zone Disruption “Energy Transition” and “Electro-Mobility” 1 New E-mobility Business Dilemma Zone Status Quo Business Growth Current Business ICE 0 Time Lorem Source: Innovator's Dilemma - When New Technologies Cause Great Firms to Fail (Management of Innov
Slide 15: Development of the EV market from Q1/23 to Q1/24
15 12.09.2024 ADS-TEC Energy © Development of the EV market from 40,0% Q1/23 to Q1/24 34,7% 30,0% 22,7% 19,7% 20,0% 11,0% The future will be electric! 10,0% 3,8% 3,9% 0,0% China USA Europe Germany UK France Italy Spain (without GER) -10,0% Growing competitive pressure for CPO‘s and manufacturers -14
Slide 16: Facts that underpin the positive trend towards E-Mobility
16 12.09.2024 ADS-TEC Energy © Facts that underpin the positive trend towards E-Mobility Current news • Germany - New special tax write-off • Offsetting of the cost of newly registered, purely electric and emission-free company vehicles • It extends over a period of six years and starts at a rate of
Slide 17: Enormous need for investment in charging infrastructure
17 12.09.2024 ADS-TEC Energy © Enormous need Forecast for HPC Stock 150+ und 350+ in Europe and the USA for investment [in thousand charging points] in charging 1000 940,0 900 infrastructure – 861,0 800 US as well as demand- 700 735,0 oriented installation 600 630,0 529,0 500 490,0 The build-up char
Slide 18: Strategy and USPs
Strategy and USPs Thomas Speidel (CEO)
Slide 19: Our intelligent platform solutions offer the flexibility needed for the energy transition
19 12.09.2024 ADS-TEC Energy © Our intelligent platform solutions offer the flexibility needed to achieve the energy transition in a cost-optimized way. Hardware Hardware Hardware Hardware Software Software Software Services Features Services 3rd party Apps Hardware Software Services Features by ADS
Slide 20: Flexibility & profitability are the key to a successful transition!
20 12.09.2024 ADS-TEC Energy © Flexibility & profitability are the key to a successful transition! A decentralized energy system will only be possible if energy storage systems are integrated. These energy storage systems not only enable the integration of renewables, but also offer local operators
Slide 21: ADS-TEC's strategy is paying off: multi-revenue streams
21 12.09.2024 ADS-TEC Energy © ADS-TEC’s strategy Self-consumption optimization is paying off. The Load shifting electricity purchase/sale concept of "multi- revenue streams" paying for one asset is picking up speed. EV charging Advertising In addition to fast Energy trading charging cars on the Gri
Slide 22: Ability2Act
22 12.09.2024 ADS-TEC Energy © 100% Ability2Act Complicated regulations and local rules make ADS-TEC Energy an indispensable partner. Thanks to us, our partners are 100% capable of acting and can concentrate on operations and their business models.
Slide 23: Customer Expansion & Diversification
23 12.09.2024 ADS-TEC Energy © Customer Expansion & Diversification ADS-TEC Energy successfully unlocked growth potential for a wide range of customers through key account management or client acquisition, expanding into new and existing segments. Customer Development Business Cycle In # of customer
Slide 24: Sales Cycles – up to 18 Months
24 12.09.2024 ADS-TEC Energy © Sales Cycles – up to 18 Months 9–12 Months 6 Months 3–6 Months With increasing numbers of blue-chip 01 12 18 24 clients, the duration of the sales cycle is increasing, too. First Touchpoint Onboarding First Site (Pilot) Ramp-up Recurring Big companies have established
Slide 25: Proven track record: Ultra-Fast-Charging with up to 320kW w/o grid upgrades
25 12.09.2024 ADS-TEC Energy © Proven track record: Ultra-Fast-Charging with up to 320kW w/o grid upgrades! Exemplary applications and initial major successes come from the field of ultra-fast charging of electric vehicles on power- limited grids. Even without grid expansion, leading vehicles such a
Slide 26: ADS-TEC Energy ©
26 12.09.2024 ADS-TEC Energy ©
Slide 27: Financial Highlights
Financial Highlights Wolfgang Breme (CFO)
Slide 28: Revenues HY1/2024
28 12.09.2024 ADS-TEC Energy © Revenues HY1/2024 Revenues HY1/2023 and HY1/2024 HY1/24 Revenues: €79.3 million for the six months ended June 30, 2024, reflecting a growth of 107% compared to €38.3 million for the same period in 2023 79,3 HY1/23 38,3 in Mio €
Slide 29: Financial Highlights HY1/24 and Outlook FY2024
29 12.09.2024 ADS-TEC Energy © Financial Highlights Revenues FY2022, FY2023 and Outlook FY2024 HY1/24 and Outlook FY2024 • Gross Margin: €15.7 million (19.8%) for H1 2024, a significant improvement compared to a negative gross margin of €-0.5 million (-1.4%) in H1 2023. • Operating Expenses: €20.0 m
Slide 30: Best-in-Class Fulfillment & Growth Margin Improvements
30 12.09.2024 ADS-TEC Energy © Best-in-Class Fulfillment & Growth Margin Improvements More than 2,500 battery-based DCFC Revenue target of >EUR 100m in 2023 Adjusted EBITDA (non-IFRS) charging points shipped and delivered achieved positive in HY1/2024 ChargeBox and ChargePost have been Rev
Slide 31: Thank You
Thank You Thomas Speidel (CEO) Wolfgang Breme (CFO) 12.09.2024
Slide 32: Templates Financials
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Slide 33: Consolidated statements of profit or loss and comprehensive income
33 12.09.2024 ADS-TEC Energy © Consolidated kEUR June 30, 2024 June 30, 2023 Continuing operations statements of profit Revenue 79,263 38,276 Cost of sales -63,590 -38,807 or loss and Gross profit (loss) 15,672 -531 Research and development expenses -4,102 -1,659 comprehensive Selling and general ad
Slide 34: Adjusted EBITDA
34 12.09.2024 ADS-TEC Energy © Adjusted EBITDA* kEUR June 30, 2024 June 30, 2023 Result for the period -45,159 -28,793 Depreciation 3,561 2,417 Net finance result 39,413 10,800 Income tax benefits (expenses) 786 -1,998 EBITDA -1,399 -17,574 Adjustments: Stock-based compensation 2,003 529 Provision o
Slide 35: Consolidated statements of financial position
35 12.09.2024 ADS-TEC Energy © Consolidated statements of financial position ASSETS EQUITY AND LIABILITIES kEUR June 30, 2024 June 30, 2023 kEUR June 30, 2024 June 30, 2023 Intangible assets 23,062 25,041 Total equity -1,872 33,919 Right-of-use assets 4,697 3,286 Lease liabilities (non-current) 3,63
Slide 36: Consolidated statements of cash flows
36 12.09.2024 ADS-TEC Energy © Consolidated kEUR June 30, 2024 June 30, 2023 Result for the period -45,159 -28,793 statements of cash Depreciation and amortization 3,561 2,417 Finance result 39,413 10,800 flows Non-cash effective foreign currency gains 654 154 Stock compensation 2,003 529 Gain (loss