Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Q3 2022 Earnings Presentation
22 slides from Hexicon Ab's earnings presentation, Nov 9, 2022
Slide 1: Operations Update January – September 2022
OPERATIONS UPDATE JANUARY – SEPTEMBER 2022
Slide 2: Agenda
AGENDA • Floating offshore wind • Hexicon in brief • Floating offshore market • Business update • Outlook OPERATIONS UPDATE 2022-11-09
Slide 3: Floating Offshore Wind
FLOATING OFFSHORE WIND OPERATIONS UPDATE 2022-11-09
Slide 4: Deep-water wind is key to unlocking effective renewable energy
FLOATING OFFSHORE WIND Deep-water wind is key to unlocking effective renewable energy Enormous potential Limited footprint Superior Industrialisation & wind conditions Scalability OPERATIONS UPDATE 2022-11-09
Slide 5: The race for acreage is on - significant growth ahead
THE RACE FOR ACREAGE IS ON - SIGNIFICANT GROWTH AHEAD New floating wind installations, Global (MW) 9900 6900 4900 2838 1048 1166 1400 57 96 101 330 2021 2022e 2023e 2024e 2025e 2026e 2027e 2028e 2029e 2030e 2031e Contribution by region, new installations 2022-2031 Offshore wind deemed to grow 11% •
Slide 6: Hexicon in Brief
HEXICON IN BRIEF OPERATIONS UPDATE 2022-11-09
Slide 7: Our Dual Business Model
OUR DUAL BUSINESS MODEL PROJECT DEVELOPER TECHNOLOGY PROVIDER Early stage for high Local partners in Patented TwinWind Next generation value creation prioritized markets Design offshore wind Development revenue, equity options License revenue VISION 2025 Projects Technology Ongoing revenue generatin
Slide 8: Three Phases of Development
THREE PHASES OF DEVELOPMENT 1 2 3 Invest to expand the A diversified portfolio in terms A verified TwinWind technology project portfolio and of maturity, recycling capital generates license revenue. mature the technology through meaningful divestments. OPERATIONS UPDATE 2022-11-09
Slide 9: Our Dual Business Model
OUR DUAL BUSINESS MODEL PROJECT DEVELOPER FID – Final investment decision COD – Commercial operation date OPERATIONS UPDATE 2022-11-09
Slide 10: TwinWind
Tw nWind TM Cutting edge technology Minimal Higher Increased Access to Efficient Lower levelized environmental power flexibility in site better wind maintenance cost of energy impact density selection conditions OPERATIONS UPDATE 2022-11-09
Slide 11: Business Update
BUSINESS UPDATE OPERATIONS UPDATE 2022-11-09
Slide 12: Investment-intense quarter laying the foundation for 2023
INVESTMENT-INTENSE QUARTER LAYING THE FOUNDATION FOR 2023 ENERGY INFRASTRUCTURE STRENGTHENED IP-PORTFOLIO FIRST PHASE INVESTMENTS Global events showing the Progress within technology Large investments have been vulnerability to the energy provision. TwinHub is made, specifically in the infrastructur
Slide 13: Project Portfolio
PROJECT PORTFOLIO Project Portfolio PROJECTS PROSPECTS South South South Spain / Scotland Sweden England Italy Ireland Italy Korea Korea Africa Portugal Pentland Name MunmuBaram Pohang Floating Wind Freja Offshore TwinHub AvenHexicon GenesisHexicon WunderHexicon TBA AvenHexicon Farm Canary Islands,
Slide 14: South Korea - MunmuBaram
SOUTH KOREA - MunmuBaram Developing the world’s largest floating wind farm with Shell GROSS CAPACITY • The project was originated by the JV Hexicon Korea • As of end 2020, the development is led by Shell, handed over 1,300 MW from Hexicon Korea 2027 Commercial Operation Date (COD) Route to commercia
Slide 15: Sweden – Freja Offshore
SWEDEN – Freja Offshore Early mover securing attractive deep-water areas GROSS CAPACITY • Hexicon working with a solid first mover advantage in deep 2029 waters 3,000 MW Commercial Operation Date (COD), • Joint development through shareholders’ agreement with Phase 1 Mainstream Renewable Power (Aker
Slide 16: Italy
ITALY Large scale opportunity in novel offshore wind market GROSS CAPACITY • The EU Green Deal boosts Italian offshore wind Commercial Operation Date • Joint development with local renewables developer 2,550 MW (COD) Final Investment Decision (FID) OWNERSHIP Route to commercialisation • Multiple lar
Slide 17: UK - TwinHub
INTROSIDA TWINHUB UK - TwinHub GROSS CAPACITY 32 MW OWNERSHIP 100% COD 2025 JOINT DEVELOPER Bechtel OPERATIONS UPDATE 2022-11-09
Slide 18: UK - TwinHub
UK - TwinHub • Most mature market in the world • First floating auction in the UK • Commercial scale: TwinWind Technology 32 MW EIFFEL TOWER TwinWind Height: 330m Hub height: 111 m Rotor diameter: 180 m Total height: 200 m OPERATIONS UPDATE 2022-11-09
Slide 19: Project Timeline - TwinHub
PROJECT TIMELINE - TwinHub Pre-FEED Fabrication yard FEED* kick-off engagement Appoint preferred WTG supplier PROJECT START OF CFD AWARD FID** INITATION OPERATIONS 2021 WTG OEM 2022 JULY 2023 Offshore Site 2025 engagements preparations Geotechnical & Geophysical survey * FEED = Front end engineering
Slide 20: Outlook
OUTLOOK OPERATIONS UPDATE 2022-11-09
Slide 21: Near Term Priorities
NEAR TERM PRIORITIES PROJECT PORTFOLIO Prepare for next phase of recycling capital through selected divestments within the portfolio and continue to add and mature early-stage projects and prospects. TWINHUB Push forward with TwinHub towards FID next year and syndicate funding partners for both late
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