Hydrogenpro Asa · OSL:HYPRO
Hydrogenpro Asa — Q2 2021 Earnings Presentation
19 slides from Hydrogenpro Asa's earnings presentation, Aug 23, 2021
Slide 1: HydrogenPro Q2 2021 presentation
HydrogenPro Q2 2021 presentation Mårten Lunde, CEO Martin Thanem Holtet, CFO 23rd of August 2021
Slide 2: Disclaimer
Disclaimer The following applies to this document, the oral presentation of the information in this document, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). By receiving and/or attending a meeting where this presentation is made and in acces
Slide 3: Agenda
Agenda I. Highlights II. Finance III. Business update
Slide 4: Momentum building up in key markets and factory for next generation electrode technology completed
Momentum building up in key markets and factory for next generation electrode technology completed Highlights from report ▪ Fabrication plant for HydrogenPro’s own proprietary next-generation electrode technology in Denmark completed – starting full-scale test production ▪ Test and R&D center in ope
Slide 5: Agenda
Agenda I. Highlights II. Finance III. Business update
Slide 6: Q2 2021 - investing in maintaining technology leadership
Q2 2021 - investing in maintaining technology leadership (NOKm) INCOME STATEMENT Q2 2021 Q1 2021 H1 2021 Revenue, incl. other operating income 0.1 0.6 0.7 ▪ Reported EBITDA of NOK -12.0m in Q2 2021 and a net loss of Raw materials and consumables used 0.1 0.7 0.8 NOK13.1m Payroll expenses 2.0 1.7 3.7
Slide 7: Robust financial position with a clearly defined growth plan
Robust financial position with a clearly defined growth plan (NOKm) BALANCE SHEET Q2 2021 Q1 2021 FY 2020 ASSETS Total intangible assets 59.5 56.7 55.3 Total tangible fixed assets 11.6 2.6 2.8 Partnership strategy to fast-track build-up of Total financial fixed assets Total fixed assets 7.3 78.4 0.1
Slide 8: Agenda
Agenda I. Highlights II. Finance III. Business update
Slide 9: Significant increase in active sales pipeline with several investment decisions expected late 2021/2022
Significant increase in active sales pipeline with several investment decisions expected late 2021/ 2022 ▪ 55 active projects in pipeline1 vs. 42 active projects as of end Q1 Active sales pipeline 2021 (GW electrolyser capacity) ▪ Increasing project size: avg. size per projects 125MW vs. 117 MW as 6
Slide 10: Europe and Americas are our main focus regions
Europe and Americas are our main focus regions Europe & ME ▪ Contracts: two projects (H2V) ▪ 41 other projects in active sales pipeline 3.9 ▪ Key European countries for Americas HydrogenPro: Germany, ▪ Contracts: France, Spain & Norway Mitsubishi Power 0.2 (USA) and DG Europe & ME 1.6 Fuels (USA) ▪
Slide 11: Factory for production of the next-generation electrode in DK is completed - on time and on budget
Factory for production of the next-generation electrode in DK is completed - on time and on budget Completed In progress Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Planned Factory design Conclusion on location Factory construction Preparation of infrastructure R&D plating and test facilities Te
Slide 12: From an empty building to a fully operational production line in less than 2 months
From an empty building to a fully operational production line in less than 2 months From an empty building to a fully operational production line in less than 2 months 12
Slide 13: R&D and test facility – Herøya, Norway
R&D and test facility – Herøya, Norway ▪ FULL SCALE TEST AND R&D FACILITY IN COMMISSIONING PHASE ▪ GAS PRODUCED TO BE DELIVERED TO HYNION ▪ INNOVATION AND TEST FACILITY FOR NEW TECHNOLOGY AND CONFIGURATIONS 13
Slide 14: Comparison with competing technologies
Comparison with competing technologies Source of competitor data: Green Hydrogen Systems investor presentation (June 2021) Next-gen Efficiency electrodes Product footprint Systemdelivery pressure Company Technology Product1 1 (HHV)2 2 (sqm./MW) 3 (bar) * 7 *Source of HydrogenPro PAWE 100 MW 93% 50 t
Slide 15: HydrogenPro will be able to deliver hydrogen at a cost of USD1.2/kg with integration of next-generation technology
HydrogenPro will be able to deliver hydrogen at a cost of USD1.2/kg* with integration of next-generation technology Driving down cost of hydrogen Making green hydrogen competitive to grey hydrogen ▪ Applying current high pressure alkaline solution ▪ Combining with the new proprietary electrode techn
Slide 16: Global fabrication set-up to maintain cost leadership and ensure high local activity in end-markets
Global fabrication set-up to maintain cost leadership and ensure high local activity in end-markets ▪ Three main production HUBs, located in Europe, US and APAC ▪ 5-7 assembly sites in each HUB region, close to end-markets ▪ Global supply chain resources to be appointed in key regions in line with g
Slide 17: Strong public commitment
Strong public commitment ▪ UN Secretary-General António Guterres: “Code red for human driven global heating” ▪ Co-Chair of IPPC working group Panmao Zhai: “Stabilizing the climate will require IPCC report strong, rapid, and sustained reductions in greenhouse gas emissions, and reaching net zero CO2
Slide 18: HydrogenPro is attractively positioned in a fast-growing market
HydrogenPro is attractively positioned in a fast-growing market ✓ Technology leadership: owner of next-generation electrode technology ready for market in 2022 ✓ Partnership strategy to fast-track global upscaling ✓ Global fabrication set-up ✓ Growing momentum in projects and sales pipeline ✓ On-goi
Slide 19: www.hydrogen-pro.com
‘\ydrogen pro www.hydrogen-pro.com