Sfc Energy Ag · XETR:F3C
Sfc Energy — Investor Presentation (December 2023)
27 slides from Sfc Energy's investor presentation, December 2023
Slide 1: SFC Energy AG Investor Presentation
SFC Energy AG Investor Presentation December 2023
Slide 2: Disclaimer
2 Disclaimer THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. IN PARTICULAR, THIS PRESENTATION MUST NOT BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES OF AMERICA (THE “UNITED STATES”), AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. AN
Slide 3: Leading the fuel cell system revolution in stationary power
3 Leading the fuel cell system revolution in stationary power Only fuel cell solutions provider combining ambitious growth and sustainable profitability Established global distribution infrastructure with 100+ partners driving a leading sales track record and a growing direct global footprint
Slide 4: SFC at a glance: 20+ years of clean energy & power management leadership
4 SFC at a glance: 20+ years of clean energy & power management leadership 65,000 381 fuel cells sold employees(1) of which globally 22% in R&D Group sales Adjusted EBITDA 88.0 mEUR 11.9 mEUR 9M/2023mach m Up +62% vs 9M/2022 10.0m kWh 100+ environmentally global sales and friendly energy distributio
Slide 5: We are on the path to net zero
We are on the path to net zero Power generation Electrolyzer CO, neutral with wind/solar 2 P energy supply St - & Green SFC/EFOY Hydrogen H, Fuel cells Hydrogen H,
Slide 6: Favorable macro environment drives substantial market potential for fuel cells
6 Favorable macro environment drives substantial market potential for fuel cells More than 140 countries have set net-zero targets, covering Market potential in the global fuel cell market remains huge: about 88% of global emissions: Germany: reduction of CO2 emissions by 65% until 2023 (vs. 1990),
Slide 7: Higher power fuel cells and proprietary membrane technology
7 Higher power fuel cells and proprietary membrane technology Addressable power level by technology platform Fuel Cell stack and MEA k PEM Hydrogen Fuel Cells 500 (up to 500 kW) Modular Hydrogen Fuel Cell PEM Hydrogen Fuel Cells Solutions (2.5 kW – 50kW) Market Launch 2024 100 Power Range [kW] Direc
Slide 8: Market Access and Business Segments
8 Market Access and Business Segments Clean Energy Almelo, NL Brunnthal, DE (HQ) Swindon, UK 67% 9M 2023 Cluj, RO Hydrogen, fuel cells and integrated solutions Calgary, CA B2B: Telecom, Wind, Infrastructure, Security, Energy B2G: Public Security, Transportation, Traffic Salt Lake City, US* B2C: Cara
Slide 9: SFC’s pillars for growth
9 SFC’s pillars for growth Market and Regional expansion Technology & IP Development M&A - Inorganic growth 1 - Market & regional expansion 2 - Technology & IP development 3 - M&A Expansion of sales and service networks Introduction of new products e.g. high-power Complementary technologies for SFCs
Slide 10: Large customer order and regional expansion in the USA
10 Large customer order and regional expansion in the USA SFC Energy receives follow-up order for EFOY Pro 2400 fuel cells from LiveView Technologies in the USA for the reliable operation of mobile CCTV trailers Opening of SFC Sales and Service site in the USA in Q1 2024
Slide 11: Regional expansion and market access in India
11 Regional expansion and market access in India SFC Energy launched the manufacturing of hydrogen and methanol fuel cells at SFC’s new production site in New Delhi/Gurgaon, India The local capacity expansion is in line with the “Make in India” initiative and will make an important contribution to a
Slide 12: Power supply for a climate-neutral business park in Austria
12 Power supply for a climate-neutral business park in Austria SFC has installed EFOY H2Cabinets with 50kW system power Surplus solar energy is used to produce green hydrogen by electrolysis and stored in separate high-pressure tanks EFOY H2Cabinets are connected to the hydrogen tanks In the months
Slide 13: Self-sufficient and emission-free power supply with H2Genset
13 Self-sufficient and emission-free power supply with H2Genset The H2Genset provided self- sufficient, emission-free electricity using hydrogen fuel cell technology at festivals, e.g. at the Wacken Open Air, Lautfeuer, Deichbrand and Nibirii festival as well as at construction sites without access
Slide 14: SFC Financial Update
14 SFC Financial Update
Slide 15: Key-Financials 9M/2023 | Strong growth of sales and earnings
15 Key-Financials 9M/2023 | Strong growth of sales and earnings Sales development in mEUR Adjusted EBITDA & margin in mEUR Adjusted EBIT & margin in mEUR Margin 11.5% 13.6% 5.9% 8.6% Margin +38.0% +62.0% 88.0 +102.3% 11.9 63.8 7.6 7.4 3.7 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023
Slide 16: Cash-Flow 9M/2023 | Operating Cash-Flow with strong increase
16 Cash-Flow 9M/2023 | Operating Cash-Flow with strong increase Operating CF before in mEUR NWC in mEUR Net cash position in mEUR change in NWC 39.8% 37.0% Cash and cash equivalents Liabilities to banks NWC in % of Sales Total 60.7 12.2 52.9 32.6 25.4 7.5 64.8 56.8 -4.1 -3.9 9M 2022 9M 2023 9M 2022
Slide 17: Group Profit for the Period 9M/2023 with continued growth
17 Group Profit for the Period 9M/2023 with continued growth Earnings per share in mEUR Earnings per share in mEUR Group profit for the period in mEUR Order backlog in mEUR (diluted) (undiluted) +23.6% +1.6% 6,5 5,3 0.37 0.36 75.3 0.35 0.34 74.2 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 FY 202
Slide 18: Forecast 2023: raised and narrowed to the upper end
18 Forecast 2023: raised and narrowed to the upper end Sales development in mEUR Adjusted EBITDA in mEUR Adjusted EBIT in mEUR 115.0 – 117.0 13.0 – 14.1 85.2 7.5 – 8.6 8.2 64.3 6.2 3.2 1.9 FY 2021 FY 2022 FY 2023E FY 2021 FY 2022 FY 2023E FY 2021 FY 2022 FY 2023E
Slide 19: SFC share summary
19 SFC share summary Share price development & trading volume until 17/11/2023 Information on the share price(1) (EUR) 30 € 400.000 Share data (17 November 2023) Share price development (in EUR) Current share price 52 Wk High 25 € 19.00 27.00 (in EUR) (02/02/2023) 300.000 52 Wk Low 20 € Shares outst
Slide 20: SFC Midterm Growth Plan
20 SFC Midterm Growth Plan Sales Revenue SFC’s pillars for growth Market & regional expansion Successful regional expansion in India and USA Further expansion and local presence – USA and South East Asia . Technology & IP development Hydrogen fuel cell plan unfolds New product developments (e.g. hig
Slide 21: Contact
21 Eugen-Saenger-Ring 7 85649 Brunnthal – Germany www.sfc.com Dr. Peter Podesser Daniel Saxena Susan Hoffmeister CEO CFO Investor Relations Tel.: +49 (0)89-673 592-170 Tel.: +49 (0)89-673 592-170 Tel.: +49 (0)89-125 09 03-33 E-mail: ir@sfc.com
Slide 22: Appendix
22 Appendix Vertraulich / Confidential
Slide 23: We provide integrated hybrid fuel cell solutions
23 We provide integrated hybrid fuel cell solutions Fuel service EFOY Fuel cells EFOY Batteries Power Management EFOY Energy solutions Fuel Hydrogen EFOY EFOY Hydrogen EFOY lithium SFC Power Power Energy H2 Genset cartridges electrolyzers (Methanol) (Hydrogen) battery manager management solutions (M
Slide 24: EFOY Hydrogen Fuel Cells: USPs of EFOY H2Cabinet Indoor
24 EFOY Hydrogen Fuel Cells USPs of EFOY H2Cabinet Indoor for decentralized energy supply 100% reliable power supply Hybrid Configuration w./ Solar Zero Emission Picture: SAN Group Combination w./ green hydrogen production (electrolysis) Scalable output power
Slide 25: EFOY Hydrogen Fuel Cells: USPs of EFOY H2Cabinet Outdoor
25 EFOY Hydrogen Fuel Cells USPs of EFOY H2Cabinet Outdoor for critical infrastructure 100% reliable back-up power supply Scalable output power Reduced operating costs Low maintenance Zero Emission
Slide 26: EFOY Methanol Fuel Cells: USPs of EFOY Pro Fuel Cell
26 EFOY Methanol Fuel Cells USPs of EFOY Pro Fuel Cell in the Industry Market 100% reliable energy supply Long autonomy and low maintenance Savings in personnel and logistic costs Permanent connectivity Environmentally friendly
Slide 27: Power Supply Solutions: USPs of Power Platforms
27 Power Supply Solutions USPs of Power Platforms High accuracy High efficiency Safety interlock High power and voltage