Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Investor Presentation (January 2021)
33 slides from Fusion Fuel Green's investor presentation, Jan 28, 2021
Slide 1: Endless Energy. Unlimited Future.
ALL RIGTHS BELONG TO FUSION - FUEL — ENDLESS ENERGY. UN L I M I TE D FUTURE.
Slide 2: Disclaimer
ALL RIGTHS BELONG TO FUSION - FUEL 00 — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (the “Company”). Such statements are “forward looking statements” within the meaning of the “safe harbor” provisions of the Un
Slide 3: Disclaimer: Financial Statement Presentation; Non-IFRS Financial Measures
ALL RIGTHS BELONG TO FUSION - FUEL 00 — Disclaimer Financial Statement Presentation; Non - IFRS Financial Measures The Company’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the International Accounting Standards Board (“
Slide 4: Market
ALL RIGTHS BELONG TO FUSION - FUEL 01 — M A R KE T
Slide 5: Why Hydrogen?
ALL RIGTHS BELONG TO FUSION - FUEL Source: “Carbonomics: The Rise of Clean Hydrogen”, Goldman Sachs Equity Research, BofA Global Research 01 — W H Y HYDROGEN? 2 . 5x that of natural gas and gasoline on an energy equivalent basis . 100x the energy density of lithium - ion batteries. Renewables and en
Slide 6: Current State of hydrogen production
L E FU - N O I S U F O T G N O L E B S H T G I R L AL Hydrogen is not a new story – it provides roughly 4% of global primary energy demand, representing a € 150 billion market. More than 90% of this demand stems from oil refining and ammonia production. 01 — C U RR E N T STATE ALL RIGTHS BELONG TO F
Slide 7: Hydrogen demand expected to grow over 7x by 2050
ALL RIGTHS BELONG TO FUSION - FUEL Hydrogen demand is expected to grow by over 7x by 2050; nearly all the incremental demand will come from new applications, led by transportation. Global installed electrolyzer capacity is around 100 MW today, compared to the EU’s ambition of deploying 40 GW of elec
Slide 8: Market Dynamics
ALL RIGTHS BELONG TO FUSION - FUEL Hydrogen transportation is starting to become a reality. Policy support underpinning hydrogen investment case. Renewable energy costs continue to decline. No clear winners today; ample runway for growth. 01 — MARKET D Y NA M I C S Source: Goldman Sachs Global Inves
Slide 9: Government hydrogen initiatives by country
ALL RIGTHS BELONG TO FUSION - FUEL United States DOE allocated $64 m in 2020 funding to support H2@Scale vision; NextEra Energy, SoCalGas, SDG&E, and Xcel Energy launch pilots to explore blending hydrogen into natural gas supplies Chile Hydrogen Strategy goals of 5 GW of electrolysis capacity by 202
Slide 10: Fusion Fuel Business Model
ALL RIGTHS BELONG TO FUSION - FUEL 02 — FUSION FUEL B U S I N ES S MODEL
Slide 11: Fusion Fuel Mission
ALL RIGTHS BELONG TO FUSION - FUEL 02 — FUSION FUEL MISSION Our objective is to provide the world with innovative Green Hydrogen solutions that accelerate the energy transition, enabling the sustainable and commercially - viable reduction of carbon emissions. 11
Slide 12: Business Lines
ALL RIGTHS BELONG TO FUSION - FUEL 02 — BUSINESS LINES TECHNOLOGY SALES HYDROGEN SALES Provider of Green Hydrogen Technology • Sell and install Fusion Fuel hydrogen generators to customers seeking to operate and own Green Hydrogen facilities. • Develop and sell Green Hydrogen plants. • Remote tracki
Slide 13: Technology
ALL RIGTHS BELONG TO FUSION - FUEL 03 — TEC H N O L O G Y
Slide 14: HEVO
03 — H E VO HEVO is the defining creation of this revolutionary new concept and design - a bold step in the evolution of the Hydrogen technology. ALL RIGTHS BELONG TO FUSION - FUEL HEVO is Fusion Fuel’s proprietary miniaturized PEM based electrolyzer. It has been specifically designed to be small, l
Slide 15: HEVO-SOLAR
The combination of HEVOs with a high efficiency concentrated photovoltaic solar solution, designed to use both the electrical and thermal energy from solar radiation, enables us to uncouple hydrogen production from the grid. 03 — H E VO - S O L A R ALL RIGTHS BELONG TO FUSION - FUEL The HEVO - SOLAR
Slide 16: Production Facility
ALL RIGTHS BELONG TO FUSION - FUEL Establishing increased production capacity is key to Fusion Fuel’s growth strategy and ability to reach its mid - term levelized cost of Hydrogen target. Production plant development is expected to start during the summer of 2021 to be able to meet the required pro
Slide 17: Business Development
ALL RIGTHS BELONG TO FUSION - FUEL 04 — B U S I N ES S D E VE L O P M E N T
Slide 18: Pipeline Overview
ALL RIGTHS BELONG TO FUSION - FUEL The hydrogen landscape has changed dramatically over the last twelve months. We have seen an explosion of interest in Green Hydrogen projects in the power utility, refining, ammonia, e - fuels, and commercial transportation sectors. This is reflected in our current
Slide 19: Quoted Five-Year Pipeline
ALL RIGTHS BELONG TO FUSION - FUEL 04 — QUOTED FIVE - YEAR PIPELINE 360K OV E R TOTAL PROJECT FUNNEL THROUGH 2026 T ON S 37K tons Note: Our project funnel reflects non - binding proposals that we have submitted; these projects are not yet signed and may not materialize. These figures represent the a
Slide 20: 2021 Projects
ALL RIGTHS BELONG TO FUSION - FUEL 04 — 2021 PROJECTS energy storage and bottled hydrogen sales PORTUGAL blend into natural gas network, stations for FCEV SPAIN used for synthetic fuel and to supply fueling M O R O CC O production of Green Ammonia 2021 1’000 tons of Hydrogen annually Fusion Fuel aim
Slide 21: Portugal: Evora Green Hydrogen project
ALL RIGTHS BELONG TO FUSION - FUEL 04 — POR T U G AL The Evora Green Hydrogen project will be developed in two phases: 55 60 tons of Green Hydrogen per year HEVO - SOLAR units Go - live of Evora Hydrogen production 2Q 2021. 1 st GREEN H Y DR O GEN PLANT in Portugal. É V O R A Fusion Fuel’s Green Hyd
Slide 22: Portugal: Green Ammonia in Sines
ALL RIGTHS BELONG TO FUSION - FUEL 04 — POR T U G AL Partnership with 4 companies to develop a Green Ammonia production facility in Sines. 4 €136m PROJEC T 55 ’ 000 tons of green ammonia 10 ’ 250 tons of green hydrogen annually COMPANIES S I N E S As part of the Sines plans, Fusion Fuel has created
Slide 23: Spain
ALL RIGTHS BELONG TO FUSION - FUEL 04 — S PA I N Fusion Fuel has entered into strategic partnerships to explore the potential to develop several e - fuel plants and hydrogen refueling stations in Spain . Fusion Fuel signed MoUs to explore potential projects with: …to study the feasibility of a netwo
Slide 24: Morocco: Proton Ventures
ALL RIGTHS BELONG TO FUSION - FUEL 04 — M ORO CC O PROTON V E N T U R E S 183 ’ 000 tons of green ammonia 33 ’ 000 tons of green hydrogen annually Fusion Fuel is jointly developing a green ammonia project in the southern part of the country. Fusion Fuel entered into a partnership with Proton Venture
Slide 25: Business Plan Update
L E FU - N O I S U F O T G N O L E B S H T G I R L AL ALL RIGTHS BELONG TO FUSION - FUEL 05 — B U S I N ES S PLAN UPDATE
Slide 26: Tech Sales
ALL RIGTHS BELONG TO FUSION - FUEL 05 — TECH S A L ES Tech sales are categorized as sales of HEVO - SOLAR units to produce Green Hydrogen . Sales to "3 rd Party Projects”, represent the HEVO - SOLAR units to be sold to clients looking to own and operate their own Green Hydrogen plants. Fusion Fuel p
Slide 27: Hydrogen Sales
ALL RIGTHS BELONG TO FUSION - FUEL 05 — H Y DROG E N SALES Fusion Fuel will enter into long - term Hydrogen Purchase Agreements for the output from the plants it develops, owns and operates. Over their entire lifetime the Owned Projects are expected to generate € 2.9bn of Revenues and € 1.4bn of EBI
Slide 28: Grants & Tax Credits
ALL RIGTHS BELONG TO FUSION - FUEL 05 — GRANTS & TAX CREDITS Fusion Fuel is already eligible for certain tax credits given its innovation status in Portugal and it will also look to participate in the European Green Deal programs. Green Deal & Hydrogen Support Programs Fusion Fuel has already submit
Slide 29: Business Plan 2021-2025
ALL RIGTHS BELONG TO FUSION - FUEL 05 — B U S I N ES S PLAN 2021 - 25 Projections are based on the financial and business model of Fusion Fuel, constitute “forward - looking statements” and involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to
Slide 30: Business Plan 2025 KPIs
ALL RIGTHS BELONG TO FUSION - FUEL 05 — B U S I N ES S PLAN 2025 KPIs 20K Tons of Green Hydrogen per year from owned projects. € 2/kg Levelized Cost of Green Hydrogen in 2023. 20% Target Levered IRRs for owned Projects . € 250m Projected Annual Revenues in 2025. UN D E R O V E R O V E R O V E R Fusi
Slide 31: New Markets
ALL RIGTHS BELONG TO FUSION - FUEL 05 — NEW M AR KET S The business plan is focused around HEVO - SOLAR and the Southern European region. Fusion Fuel is also looking into new markets and products. R&D PROJECTS Fusion Fuel’s R&D team is already investigating potential new products, based on the HEVO,
Slide 32: Milestones 2021
ALL RIGTHS BELONG TO FUSION - FUEL 06 — M I L EST ON E S 2021
Slide 33: 2021 Milestones
ALL RIGTHS BELONG TO FUSION - FUEL 06 — 2021 M I L EST ON E S 1 — EVORA PLANT GO - LIVE 2 — MOUs & HPAs SIGNED 3 — P R O DU CT I O N FACILITY There are three key milestones for the Fusion Fuel team in 2021. First Green Hydrogen Plant go - live is important to prove industrial scale effectiveness of
Fusion Fuel Green — Investor Presentation (January 2021) on 6ix