Ebusco Holding N.v. · EURONEXT:EBUS
Ebusco — Investor Presentation (January 2025)
22 slides from Ebusco's investor presentation, January 2025
Slide 1: Investor Presentation January 2025
INVESTOR PRESENTATION JANUARY 2025 1
Slide 2: Introduction of Christian Schreyer as new CEO
INTRODUCTION OF CHRISTIAN SCHREYER AS NEW CEO Joined Ebusco on 2 September 2024 as CEO and chairman of the Executive Team. 25 years experience within the Public Transport and logistics sector. • Deutsche Bahn, DB Schenker Rail, Transdev and Go Ahead. Deep industry expertise, extensive customer insig
Slide 3: Our vision: drive the transition to sustainable public transport
IT’S OUR VISION TO DRIVE THE TRANSITION TO SUSTAINABLE PUBLIC TRANSPORT. Customer Centricity Excellence Driven by our customers’ success Raising the bar Reliability Collaboration Trusted every mile Stronger together OUR VALUES ARE GUIDING US IN HOW WE WORK TOGETHER, HOW WE BEHAVE TOWARDS CUSTOMERS,
Slide 4: History
HISTORY Ebusco’s journey started in 2010 Peter Bijvelds lays Ebusco is formally First Ebusco bus on Launch of the Start in-house Ebusco 2.2 with a foundation for the founded the road, Ebusco 1.0 Ebusco 2.0 development range up to 350 km Ebusco EV strategy lightweight technology on a single charge Eb
Slide 5: Ebusco at a glance
EBUSCO AT A GLANCE Developer and manufacturer of fully electric buses and complementary battery powered solutions Product offering Contribution to sustainable transport • Developer and manufacturer of fully electric, zero emission buses since 2012 • Company founded in 2012 782 buses on the road • Pr
Slide 6: Outsourced production to contract manufacturers, still a European company
ALTHOUGH EBUSCO HAS OUTSOURCED PRODUCTION TO CONTRACT MANUFACTURERS, IT VERY MUCH REMAINS A EUROPEAN COMPANY Ebusco has successfully deployed the contract manufacturing model in the past Legend Ebusco facilities: 2 The two facilities in the Netherlands will be merged into one Ebusco contract manufac
Slide 7: Investment highlights
INVESTMENT HIGHLIGHTS
Slide 8: Investment highlights
INVESTMENT HIGHLIGHTS Ebusco, a pioneer in the battery-electric bus market with a proven track-record Ebusco 3.0 is an industry game-changer, offering lowest energy consumption leading to low TCO Addressable market for electric buses continues to be large, with strong underlying drivers Ample opport
Slide 9: Ebusco is an industry pioneer with a proven track record
EBUSCO IS AN INDUSTRY PIONEER WITH A PROVEN TRACK RECORD • Developer and manufacturer of fully electric, zero emission buses since 2012 • 782 buses in operation and on the road • 682 Ebusco 2-series and 100 Ebusco 3.0 • Throughout 8 European countries • First European company to receive a European W
Slide 10: Ebusco 3.0 is an industry game-changer with lowest energy consumption
EBUSCO 3.0 IS AN INDUSTRY GAME-CHANGER, OFFERING LOWEST ENERGY CONSUMPTION LEADING TO LOW TOTAL COST OF OWNERSHIP • The Ebusco 3.0, introduced in 2019, is a lightweight bus with Ebusco’s in-house developed composite body • Due to this lightweight structure, the Ebusco 3.0 consumes significantly less
Slide 11: The addressable market for battery electric buses continues to be large
THE ADDRESSABLE MARKET FOR BATTERY ELECTRIC BUSES CONTINUES TO BE LARGE… • Battery Electric (BE) powertrain is generally believed to be the primary alternative propulsion system used in buses today (vs. fuel cell and hybrid technologies) • Key underlying market drivers for the BE bus market are: • G
Slide 12: Strong EU push for public transport electrification
…BASED ON AMONGST OTHERS A STRONG PUSH IN THE EU FOR PUBLIC TRANSPORT ELECTRIFICATION Relevant programs and targets…. • Package Proposals of the European Commission to Clean vehicles Fit 55 align current laws with the 2030 / 2050 ambitions Directive / Green Quota • End of 2025, at least 45% of buses
Slide 13: Opportunities in energy solutions based on heavy duty battery knowledge
AMPLE OPPORTUNITIES IN ENERGY SOLUTIONS BASED ON EXTENSIVE HEAVY DUTY BATTERY KNOWLEDGE • Ebusco’s experience with heavy-duty batteries and battery management systems for its BE buses has allowed it to develop products that have attractive applications for tasks of high energy demand • Wide range of
Slide 14: Despite liquidity constraints Ebusco has strong financial fundamentals
DESPITE THE LIQUIDITY CONSTRAINTS EBUSCO HAS STRONG FINANCIAL FUNDAMENTALS • Other than Letters of Credit (LC) facilities, Ebusco does not have any bank debt • c. EUR 18.4m or c.50% of EUR 36.8m Dec ’23 Convertible Bond outstanding* • Ebusco has raised c. EUR 350m in equity through the IPO in 2021 a
Slide 15: Swift actions: new management turning things around
NEW MANAGEMENT IN PLACE THAT HAS WASTED NO TIME TO TURN THINGS TO THE BETTER • Acceleration of a comprehensive turnaround plan – turning the company from an OEM into an OED, largely in line with Ebusco’s pre-IPO profitable operations • With the transition back to an OED model and production outsourc
Slide 16: Management focus & orderbook
MANAGEMENT FOCUS & ORDERBOOK Sensitivity: General Sensitivity: General
Slide 17: Strategy revised, management focus on implementing the turnaround
STRATEGY HAS BEEN REVISED RECENTLY, AND MANAGEMENT FOCUS IS NOW FULLY ON SUCCESSFUL IMPLEMENTATION OF THE TURNAROUND • Recent strategic revision involving a pivotal shift from the OEM to the OED model, which is much more capital efficient and less risky • Strategy revision also includes a refocus of
Slide 18: With Gotion as strategic partner, Ebusco aims to strengthen innovation position
WITH GOTION AS STRATEGIC PARTNER, EBUSCO AIMS TO STRENGTHEN ITS POSITION AS AN INNOVATION FRONTRUNNER • Gotion High-Tech Co., Ltd. (Gotion) is a key supplier to Ebusco since 2018 and both parties have strengthened their cooperation over time • In November 2024 Gotion and Ebusco announced a broadenin
Slide 19: Critical role in the electrification of transport
A KEY STRATEGIC PILLAR IS TO PLAY A CRITICAL ROLE IN THE ELECTRIFICATION OF TRANSPORT… …and contribute to the UN Sustainable Development Goals Good health and well-being • Ebusco is very focused, through its product offering, on displacing CO2 emissions by enabling EV adoption in the international b
Slide 20: Despite financial conditions, the orderbook remains strong
DESPITE THE IMPACT OF THE CHALLENGING FINANCIAL CONDITION, THE ORDERBOOK REMAINS STRONG • 35 buses delivered in the first 9 months of 2024 • 43 buses that were previously cancelled reassigned to existing customers in H2 2024 • Orderbook as per 8 November 2024 is as follows: BUSES ENERGY Product Fixe
Slide 21: Cautionary statement
CAUTIONARY STATEMENT IMPORTANT: Please read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Ebusco Holding N.V. (the Company) or any person on behalf of the Company, and any question-and-answer session that follows
Slide 22: Thank you
THANK YOU FOR YOUR ATTENTION ©
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