Hydrogenpro Asa · OSL:HYPRO
Hydrogenpro Asa — Q1 2021 Earnings Presentation
17 slides from Hydrogenpro Asa's earnings presentation, May 25, 2021
Slide 1: HydrogenPro Q1 2021 presentation
HydrogenPro Q1 2021 presentation Mårten Lunde, CEO Martin Thanem Holtet, CFO 25th of May 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. Summary II. Finance III. Business update
Slide 4: A very active quarter – maturing new technology, alliances and projects and increasing the project pipeline
A very active quarter – maturing new technology, alliances and projects and increasing the project pipeline Highlights from report ▪ Building of pilot plant for new electrode technology in Denmark on plan ▪ Additional production capacity in Asia secured ▪ Our work with the projects in France (Dunkir
Slide 5: Agenda
Agenda I. Summary II. Finance III. Business update
Slide 6: Financial development during Q1 2021
Financial development during Q1 2021 (NOKm) INCOME STATEMENT Q1 2021 Q4 2020 Revenue, incl. other operating income 0.6 15.6 ▪ ASP (Advanced Surface Plating ApS) was acquired in Dec Raw materials and consumables used 0.7 4.2 2020 with settlement completed in January 2021, and is fully Payroll expense
Slide 7: Robust financial position
Robust financial position (NOKm) BALANCE SHEET Q1 2021 FY 2020 ▪ Cash balance of NOK489.5m as of 31st March 2021 ASSETS Total intangible assets 56.7 55.3 ▪ Equity ratio of 97.5%, no interest-bearing debt Plant, machinery and equipment 2.6 2.8 Investments in subsidiaries, shares, other securities 0.1
Slide 8: Agenda
Agenda I. Summary II. Recent events III. Business update
Slide 9: Highlights from recent news releases
Highlights from recent news releases ▪ Agreement with Kvina Energy Park – Joint development of a significant hydrogen hub in the Kvinesdal municipality in Norway. The plot is close to the main grid for electricity with possible access to electric power of 500-800 MW ▪ Agreement with Hynion to supply
Slide 10: HydrogenPro is one of the partners of HyDeal North America
HydrogenPro is one of the partners of HyDeal North America ▪ HyDeal North America is a commercialisation platform to launch green hydrogen ecosystems across North America HydrogenPro joins a range of well reputed industrial companies, advisers, regulators and ▪ HyDeal Los Angeles, the first regional
Slide 11: 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 ASP technology
Slide 12: High market activity – increasing number of leads, tenders and project opportunities
High market activity – increasing number of leads, tenders and project opportunities Active sales pipeline as of 31st of March 2021 ▪ 42 active projects in pipeline (GW electrolyser capacity) ▪ Avg. size per project: 117 MW 4.9 ▪ H2V projects in Dunkirk and 1.4 Normandy, DG Fuels and Mitsubishi in U
Slide 13: Progress update on key projects
Progress update on key projects Project Status ▪ Approval process of both projects with applications being based on HydrogenPro technical solution, ongoing with H2V Normandy and French authorities Dunkirk ▪ H2V continues to work with subsidised financing arrangements, both EU and French Phase I: 100
Slide 14: 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 ▪ Location of HUBs will be influenced by mega-scale projects ▪ Short - mediu
Slide 15: Global roll-out plan
Global roll-out plan 2021 2022 2023 2024 Production Expand HUB Operate (+ 200MW) (~300MW) China Assembly sites Plan Number of units and locations to be established in line with project deliveries Production HUB Plan Build Operate (scale-up TBD) (~500MW) Europe Assembly sites Plan Number of units and
Slide 16: Current organisational capabilities and on-going build-up activity
Current organisational capabilities and on-going build-up activity ▪ Experienced and internationally oriented board of directors with significant experience Board of from industry development, QHSE, EPC & project execution, partnerships and Directors consortium co-operation, financing etc. to suppor
Slide 17: www.hydrogen-pro.com
‘\ydrogen pro www.hydrogen-pro.com