Cavendish Hydrogen Asa · OSL:CAVEN
Cavendish Hydrogen Asa — Q4 2024 Earnings Presentation
19 slides from Cavendish Hydrogen Asa's earnings presentation, Feb 27, 2025
Slide 1: Q4 2024 Presentation
Q4 2024 Presentation 27. February 2024
Slide 2: Forward-looking information
Forward-looking information This Presentation includes and is based, inter alia, on forward-looking Although Cavendish Hydrogen ASA believes that its expectations, estimates information and statements relating to the business, financial performance and projections are based upon reasonable assumptio
Slide 3: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q4 3. Financials 4. Summary 3
Slide 4: This is Cavendish Hydrogen
CAV ENDISH HY DROGEN IN BRIEF This is Cavendish Hydrogen Uniquely positioned to capture the Hydrogen opportunity Geographical presence in key markets +20 900.000 Years of legacy within Kg. hydrogen One of the largest hydrogen fueling dispensed in 2024 hydrogen station factories globally ≈150 31 Loca
Slide 5: Agenda
Agenda 1. Cavendish in Brief 2. Business Update Q4 3. Financials 4. Summary 5
Slide 6: Restructuring initiatives concluded
Q4 2024 | BU S INESS U PDATE BUSINESS UPDATE ▪ Cavendish announced in January that we were planning a restructuring and cost cutting exercise Restructuring initiatives concluded ▪ Focus: Reduce cost base and improve cash position while strengthening the long-term operational ability ▪ We have now co
Slide 7: Current products will bridge the gap
Q4 2024 PRES ENTATION | BU S INESS U PDATE Current products will bridge the gap • The long-term trend is still pointing towards medium and heavy duty • Some states have delivered their preliminary AFIR plans on time, but the majority are delayed • Light and medium duty projects are still being annou
Slide 8: Continued development of the High-Capacity station, but pause the build of the pilot
Q4 2024 PRES ENTATION | BU S INESS U PDATE Continued development of the High-Capacity station, but pause the build of the pilot • Adaptation of development timeline to save cash and “time the market” • Continue the development of the High- Capacity station, but pause the build of the pilot site unti
Slide 9: Sites handed over during 2024
Q4 2024 PRES ENTATION | BU S INESS U PDATE Sites handed over during 2024 NORTH AMERICA EUROPE Q4 2024 1 Site • 1 Site handed over in the quarter 1 Site • 4 sites with I&C ongoing 1 Site 1 Site 2 Sites FY 2024 2 Sites • 10 sites handed over during the year 2 Sites 4 Sites On-going Installation and Co
Slide 10: Record high volumes dispensed through Q4 on Cavendish equipment
Q4 2024 PRES ENTATION | COM MERCIAL U PDATE Record high volumes dispensed through Q4 on Cavendish equipment DISPENSED HYDROGEN ON CAVENDISH EQUIPMENT • We have had a quarter with record (Kg H2 dispensed) high volumes of dispensed hydrogen through Cavendish Equipment 280,000 260,000 240,000 220,000 •
Slide 11: Continued focus on delivering to promise
Q4 2024 | BU S INESS U PDATE Continued focus on delivering to promise Focus in the short term: 1. Installation, commissioning and long-term service of existing agreements 2. Flexibility in product offering 3. Partnerships and investors 11 ©2024 Cavendish – All rights reserved
Slide 12: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q4 3. Financials 4. Summary 12
Slide 13: Financial highlights Q4 2024
Q4 2024 PRES ENTATION | FINANCIALS Financial highlights Q4 2024 23% revenue decrease from last year quarter Revenues Q4 2024 • Lower equipment revenue from 1 fewer station delivered from the factory EUR 6.4 million • Lower revenue from projects, partially offset by higher service revenue Q4 2023: 8.
Slide 14: Revenue and EBITDA Development
Q4 2024 PRES ENTATION | FINANCIALS Revenue and EBITDA Development REVENUE AND EBITDA (EUR million) Revenue decrease from previous quarters Revenue • Strong finish of 2023 and first half of 2024 • Trend is negative due to low order intake 9.8 9.2 8.3 6.4 5.7 EBITDA at stable level • Despite volume di
Slide 15: Order intake and backlog
Q4 2024 PRES ENTATION | FINANCIALS Order intake and backlog ORDER INTAKE ORDER BACKLOG (EUR million) (EUR million) 5.4 32.7 5.1 4.5 27.7 25.7 21.0 17.4 5.4 5.1 2.2 32.7 4.5 1.8 27.7 25.7 21.0 17.4 2.2 1.6 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Order intake Q4 2024: EUR 2.2 milli
Slide 16: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q4 3. Financials 4. Summary 16
Slide 17: Summary Q4 2024
Q4 2024 PRES ENTATION | S U MMARY Summary Q4 2024 Enhanced uptime, improved We finalized the announced An all-time high 267.000 kg Cash position of EUR 41.8 reliability, and customer restructuring and cost of hydrogen was dispensed million at the end of quarter. satisfaction on delivered cutting exe
Slide 18: Q&A
Q&A Q&A to be hosted as live-session 13:00-13:30 CET, Thursday Feb.27th. 18
Slide 19: Hydrogen for Clean Mobility
Hydrogen for Clean Mobility © Cavendish Hydrogen