Thyssenkrupp Nucera Ag & Co. Kgaa · XETR:NCH2
Thyssenkrupp Nucera Ag & Co. Kgaa — thyssenkrupp nucera — September 2023 investor conferences
25 slides from Thyssenkrupp Nucera Ag & Co. Kgaa's conference presentation, September 2023
Slide 1: Company presentation and update on recent business developments
Company presentation and update on recent business developments September, 2023 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by thyssenkrupp nucera AG & Co. KGaA (“thyssenkrupp nucera”) and comprises the written materials/slides for a presentation concerning thyssenkrupp nucera. By attending this presentation and/or reviewing the slides you agree to be bound by the following
Slide 3: 1. Market environment & company profile
1. Market environment & company profile 3 28 August 2023 | Company Presentation September 2023 | thyssenkrupp nucera
Slide 4: thyssenkrupp nucera management team
thyssenkrupp nucera management team Dr. Werner Ponikwar (CEO) Dr. Arno Pfannschmidt (CFO) Fulvio Federico (CTO) • CEO since July 2022 • CFO since 2014 • CTO since 2017 • 20+ years of experience in the • 30 years of industry and 9 years of • 30 years of industry and electrolysis chemicals industry el
Slide 5: Electrolysis connects the renewable energy sector with a wide range of industries and enables industry decarbonization
Electrolysis connects the renewable energy sector with a wide range of industries and enables industry decarbonization Renewable Green hydrogen Hydrogen energy via electrolysis markets - + Green hydrogen Climate & Growing renewable energy Appropriate legal environmental protection sector at low cost
Slide 6: Worldwide hydrogen market is expected to grow sevenfold by 2050
Worldwide hydrogen market is expected to grow sevenfold by 2050 Estimated global hydrogen demand by segment by 2050 in Mt (TWh1) p.a. 660 Mt2 (26 004 TWh) Power generation & storage3 Power generation • Flexible power generation & storage • Long-duration and seasonal storage Transportation Transporta
Slide 7: Global green H2 demand growth is accelerating providing significant demand for electrolyser capacity
Global green H2 demand growth is accelerating providing significant demand for the scale up of electrolyser production capacity Announced electrolyser capacity to be operational by 2030 (GW; year of forecast) • The global electrolyser installed base was ~1 GW in 2022 232 • Electrolyser manufacturing
Slide 8: We are the Alkaline Water Electrolysis (AWE) and Chlor-Alkali (CA) technology provider globally
We are the Alkaline Water Electrolysis (AWE) and Chlor-Alkali (CA) technology provider globally Shareholder structure post-IPO2 50.19% AWE CA Order backlog June 23: Order backlog June 23: 25.85% ~1.0bn € ~0.5bn € Select AWE Customers Select CA Customers Energy Solutions 6.00% Company 17.96% Free Flo
Slide 9: Proven Chlor-Alkali experience provides a strong technology basis for AWE scale-up
thyssenkrupp nucera’s proven experience in Chlor-Alkali business provides a strong technology basis for AWE scale-up Chlor-Alkali Electrolysis Alkaline Water Electrolysis A global leader with proven experience with over 600 Building on Chlor-Alkali experience projects & 240,000 cell elements >10 GW
Slide 10: Our technology for industrial-scale roll-out
Our technology for industrial-scale roll-out ✓ Safety | Non-pressurized design | Single-element monitoring ✓ Quality | Proven cell design ✓ Longevity | High durability proven by Chlor-alkali ✓ High performance | Long-term technology experience ✓ Reliability | Reliable operations ✓ Compact design | H
Slide 11: Ramp-up of the organization to capture accelerated growth globally
Ramp-up of the organization to capture accelerated growth globally Global presence – Current focus on NAM and Europe… … synchronized with organizational ramp-up thyssenkrupp nucera locations Headcount development New office in India under development Tokyo & >625 Okayama +25% Dortmund HQ >500 Housto
Slide 12: Powering a cleaner future: Solidifying position as an industry leader for hydrogen technology
Powering a cleaner future: Solidifying position as an industry leader for hydrogen technology June 2023 H2 green steel Signed agreement for a North American May Supply contract by CF 2023 project to reserve production capacity for Industries to deliver a Capacity the manufacturing of our standardize
Slide 13: 2. Update on Q3 22/23 financials & Q4 outlook
2. Update on Q3 22/23 financials & Q4 outlook 13 28 August 2023 | Company Presentation September 2023 | thyssenkrupp nucera
Slide 14: Q3 Highlights
Q3 Highlights Continued dynamic growth in third quarter 2022/23 – organizational ramp-up and project execution going according to CA order intake plans >200mn € Strong orderbook momentum continues – Significant increase of order intake in Chlor-Alkali accompanied by signed contract with H2GS for one
Slide 15: Accelerating demand for large-scale gH2 electrolyzers fuels project pipeline
Accelerating demand for large-scale gH2 electrolyzers fuels project pipeline – strongest market dynamics currently seen in North America as of as of as of as of as of as of Aug 22 May 23 Aug 23 Aug 22 May 23 Aug 23 Potential No. of projects #97 #101 #103 contract value >17 €bn ~19 €bn >21 €b
Slide 16: Q3 shows increased order intake, 9M below record-breaking PY
Q3 shows increased order intake, 9M below record-breaking PY Order intake (mn €) Order Intake Q3 Q3 9M • AWE order intake mainly driven by first phase of H2GS project +13% -56% • CA order intake driven by strong new build business in North and 1.218 South America 290 vs. 304mn € Order Intake 9M in 9
Slide 17: Positive top-line performance due to strong growth in AWE business
Positive top-line performance due to strong growth in AWE business Sales (mn €) Sales development Q3 Q3 9M • AWE increased 11x and for the 1st time exceeds the 100 million +90% +79% euro mark per quarter • Continuous ramp-up in line with 493 expectations driven by Shell and NEOM project 254 • In CA
Slide 18: Earnings growth in absolute terms despite accelerating ramp-up costs
Earnings growth in absolute terms despite accelerating ramp-up costs EBIT (mn €) % of sales EBIT development Q3 Q3 9M • Increase in absolute EBIT driven by volume effects, which were +3mn € +9mn € partially compensated by higher ramp-up costs 20 EBIT development 9M • Increase in absolute EBIT driven
Slide 19: Solid balance sheet will be further scaled up by IPO Proceeds
Solid balance sheet will be further scaled up by IPO Proceeds Capital structure as of June 30, 2023 (mn €) Cash and cash Financial debt1 Accrued Net cash IPO primary Net cash plus equivalents pension and proceeds primary • Strong and well capitalised similar [will be visible proceeds balance sheet d
Slide 20: How we see Q4 2022/23
How we see Q4 2022/23 Sales EBIT • Expectation: Continuation of strong sales • Expectation: Negative EBIT margin in Q4, growth against previous year cumulative FY 2022/23 with positive EBIT contribution • Main driver: ongoing execution of significant AWE order backlog • Main driver: Continued organi
Slide 21: We implement our growth strategy and confirm our mid- and long-term ambition
We implement our growth strategy and confirm our mid- and long- term ambition Published May 15, 2023 Dynamic sales growth Consistent and profitable project execution Well on track to reach AWE EBIT and FCF break-even targets 21 28 August 2023 | Company Presentation September 2023 | thyssenkrupp nuce
Slide 22: 3. In a nutshell
3. In a nutshell 22 28 August 2023 | Company Presentation September 2023 | thyssenkrupp nucera
Slide 23: Creating the global leader of Alkaline Water Electrolysis
Creating the global leader of Alkaline Water Electrolysis Enabler for industries to decarbonize A technology leader in the industrial scale electrolysis Global organization with reputable partners Highly experienced management team High value-add aftermarket and life cycle service offering Outstandi
Slide 24: 28 August 2023 | Company Presentation September 2023 | thyssenkrupp nucera
24 28 August 2023 | Company Presentation September 2023 | thyssenkrupp nucera
Slide 25: Events & Financial Calendar
Events & Financial Calendar Upcoming events Financial calendar IR Contact Sep 9 CoBa & ODDO Corporate Dec 18 FY 2022/23 thyssenkrupp nucera AG & Co. KGaA Conference (Frankfurt) Investor Relations Sep 12 Virtual Roundtable (AlsterResearch) +49 231 229 724 347 Sep 20 12th German Corporate ir@thyssenkr
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