Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Q2 2023 Earnings Presentation
26 slides from Fusion Fuel Green's earnings presentation, Aug 30, 2023
Slide 1: 2Q 2023 Presentation
ALL RIG HT S BELONG TO FUSION - FUEL 2Q 2023 PRESENTATION
Slide 2: Disclaimer
ALL RIG HT S BELONG TO FUSION - FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (t he “Company”). Such statements are “forward looking statements” within the meaning of the “safe harbor” provisions of the Un
Slide 3: Agenda
ALL RIG HT S BELONG TO FUSION - FUEL ▪ Focus on Fusion ▪ Q2 Financials & Highlights ▪ Projects Update ▪ Technology Update ▪ 2023 Milestones and Priorities ▪ Q&A AGENDA
Slide 4: Focus on Fusion
ALL RIG HT S BELONG TO FUSION - FUEL 01 – FOCUS ON FUSION
Slide 5: Focus on Fusion: unique offering and growth potential
ALL RIG HT S BELONG TO FUSION - FUEL 5 Unique product offering based on patented micro - electrolyzer technology De - risked near - term project pipeline Differentiated strategy of tech sales and project development Significant growth potential from current platform ▪ Modular PEM architecture unlock
Slide 6: Q2 Financials & Highlights
ALL RIG HT S BELONG TO FUSION - FUEL 02 – Q2 FINANCIALS & HIGHLIGHTS
Slide 7: Key Developments
ALL RIG HT S BELONG TO FUSION - FUEL Key Developments ▪ Won € 2 . 46 million green hydrogen equipment supply contract with CSIC in Spain ▪ Published inaugural ESG Report ▪ 1 MW project in Italy using Fusion Fuel technology awarded grant to support its execution ▪ Further invoices issued for techn
Slide 8: Key Financials & Figures
ALL RIG HT S BELONG TO FUSION - FUEL Q1 2023 Q2 2023 KEY FINANCIALS & FIGURES (€000’s) (Unaudited) 582 - o/w revenues 1 (1,120) (7,287) o/w cost of goods sold 2 (855) (352) o/w share - based payment (non - cash) expenses 3 (5,975) (4,634) o/w operating expenses 4 - (205) o/w impairment of property,
Slide 9: Key Financials & Figures (balance sheet)
ALL RIG HT S BELONG TO FUSION - FUEL Q1 2023 Q2 2023 KEY FINANCIALS & FIGURES (€000’s) (Unaudited) 23,736 28,755 Property, plant and equipment 1 5,285 5,184 Intangible assets 2 29,021 33,939 TOTAL NON - CURRENT ASSETS 1,109 828 Trade receivables 3 4,437 4,002 Prepayments and other receivables 4 22,8
Slide 10: At the Market Issuance Sales Agreement
ALL RIG HT S BELONG TO FUSION - FUEL 1 On June 6, 2022, we entered into an At the Market Issuance Sales Agreement (“the ATM”) with B. Riley Securities, Inc., Fearnley Securities Inc., and H.C. Wainwright & Co., LLC, pursuant to which the Company may offer and sell, from time to time, through or to t
Slide 11: Revised 2023 Revenue and Margin Forecast
ALL RIG HT S BELONG TO FUSION - FUEL 11 Projections are based on the financial and business model of Fusion Fuel, constitute “forward - looking statements” and involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different. See d
Slide 12: Financial Data: Cash Inflows vs Revenue Recognition
ALL RIG HT S BELONG TO FUSION - FUEL 12 02 – FINANCIAL DATA (UNAUDITED) CASH INFLOWS REVENUE RECOGNITION Contract Signature Delivery of Operating Manuals Equipment Manufacture Equipment Delivery Mechanical & Electrical Works Installation & Commissioning CASH INFLOWS vs R
Slide 13: Projects Update
ALL RIG HT S BELONG TO FUSION - FUEL 03 – PROJECTS UPDATE
Slide 14: Exolum Green H2 Mobility Plant – In Operation
ALL RIG HT S BELONG TO FUSION - FUEL 14 Exolum Green H2 Mobility Plant – In Operation ▪ Fusion Fuel designed and oversaw the installation and commissioning of the first solar to hydrogen refuelling station in Iberia for its client, Exolum ▪ The 21 HEVO - Solar units have a max production of 9kg/h (s
Slide 15: Project pipeline status
ALL RIG HT S BELONG TO FUSION - FUEL 15 Offtaker LoI / MoU Class V Financial model Environ. Permits Grants Secured 8 (million EUR) Electric grid connection (MVA) Municipality location approval Land Contracted COD 2 FID 1 H2 prod. (tons p.a.) Installed Electrolyzer Capacity (MW) Project x x x x (EUR
Slide 16: Spain PERTE & Portugal C-14 Grant Submissions
ALL RIG HT S BELONG TO FUSION - FUEL 16 SPAIN – PERTE PORTUGAL – C - 14 03 – SPAIN PERTE & PORTUGAL C - 14 GRANT SUBMISSIONS Status M€ Grant MW Use case Project Awarded 3.35 2.5 Industry Toledo Submitted 9 5.7 Mobility (trucks + buses + forklifts) Zaragoza Submitted 14.4 5.6 Mobility (trucks + buses
Slide 17: Current Tech Sales Pipeline Breakdown
ALL RIG HT S BELONG TO FUSION - FUEL ▪ In June 2023, Fusion Fuel initiated a focused effort on third - party technology sales, having as of now submitted offers for appr oximately 30 third - party opportunities ▪ First offers have now been submitted for projects in Northern Europe, one of the priori
Slide 18: Where We Want to Play
ALL RIG HT S BELONG TO FUSION - FUEL Partners Offtake 18 Engineering BoP Procurement Construction Installation & Commissioning Fusion Fuel Core 03 – WHERE WE WANT TO PLAY Electrolyzer Fusion Fuel Core Fusion Fuel Optional Fusion Fuel Optional Fusion Fuel Partners ▪ Fusion Fuel ó s core business is t
Slide 19: Italy: Duferco Partnership
ALL RIG HT S BELONG TO FUSION - FUEL Duferco Energia , a company of the Duferco Group, is an operator active across the full spectrum of the Italian energy market from renewable production, to trading, to the supply to the end - user and the development of energy efficiency services : ▪ Fusion Fuel
Slide 20: Hydrogen Purchase Agreements Secured
ALL RIG HT S BELONG TO FUSION - FUEL ▪ HPA for the supply of fuel cell grade green hydrogen in Portugal ▪ 3 tons in 2023 ▪ 30 tons per year as of 2024 ▪ 10 - year agreement 20 HYDROGEN VENTURES DOUROGAS SPAIN CLIENT A ▪ Fusion Fuel’s first offtake contract aimed at blending green hydrogen within the
Slide 21: Technology Update
ALL RIG HT S BELONG TO FUSION - FUEL 04 – TECHNOLOGY UPDATE
Slide 22: Comparative Advantage of HEVO-Chain Technology
ALL RIG HT S BELONG TO FUSION - FUEL 22 04 – COMPARATIVE ADVANTAGE 1 Platinum group metals (PGMs) comprise of platinum, palladium, rhodium, ruthenium, iridium and osmium. PGMs identified by the European Commission COM (2020) 474 as Critical Raw Materials due to Supply Chain Risk and Economic Importa
Slide 23: 2023 Milestones
ALL RIG HT S BELONG TO FUSION - FUEL 05 – 2023 MILESTONES
Slide 24: 2023 Milestones
ALL RIG HT S BELONG TO FUSION - FUEL 24 2 – 3 – 1 – 4 – SALES & GRANTS o 2023 revenue target contracted o 2024 pipeline with confirmed orders x Secure grants for company - owned plants and for third - party projects TECH DEVELOPMENT x Finalize trials and development of HEVO - Chain o Introduce O2 Ca
Slide 25: 2023 Priorities
ALL RIG HT S BELONG TO FUSION - FUEL 25 1. Commence commercial activities in Northern Europe ▪ Began offering the HEVO - Chain solution to potential clients in Northern Europe during Q3 of 2023 2. Strengthen balance sheet and capital position ▪ In discussions with investors and prospective capital p
Slide 26: Q&A
ALL RIG HT S BELONG TO FUSION - FUEL Q&A