Hydrogenpro Asa · OSL:HYPRO
Hydrogenpro Asa — Investor Day (March 2025)
15 slides from Hydrogenpro Asa's investor day presentation, Mar 13, 2025
Slide 1: Powering Innovation. Energizing Tomorrow.
POWERING INNOVATION. ENERGIZING TOMORROW.
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and information, including assumptions, opinions and views of the Company or third-party sources, and are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual results and event
Slide 3: HydrogenPro is a global provider of large-scale green hydrogen technology & systems
HydrogenPro is a global provider of market-leading, large-scale green hydrogen technology & systems 1 THE WORLD’S LARGEST ELECTROLYSER › 5.5 MW single stack suitable for renewable energy input › A modular system that can be scaled to any size for large-scale industrial applications › Pressurized hyd
Slide 4: Serving industrial applications and hard-to-abate sectors
Serving industrial applications and hard-to-abate sectors Power-To-Gas Refinery/ Decarbonization Renewables Synthetic fuel H2 Balancing the grid + O2 H2O Fertilizer/ ammonia Water Steel Production
Slide 5: HydrogenPro has transformed into a leading OEM, delivering large projects globally
HydrogenPro has transformed into a leading OEM, delivering large projects globally Historical milestones Global presence August 2013 October 2020 November 2021 November 2023 December 2024 HydrogenPro IPO on Oslo Stock Acquired 75% in Awarded SALCOS Private placement with established Exchange, raised
Slide 6: HydrogenPro delivers 2 of the 10 largest projects estimated to come online in 2025
HydrogenPro delivers 2 of the 10 largest projects (excl. China) estimated to come online in 2025 (Electrolyser capacity MW p.a.) 800 500 320 250 220 200 200 100 100 100 Project 1 Project 2 Project 3 Project 4 ACES Project 6 Project 7 Salzgitter Project 9 Project 10 Source: IEA “Hydrogen production p
Slide 7: HydrogenPro – among top industry leaders
HydrogenPro – among top industry leaders ELECT RO LYZER O EM MAPPING BASED O N DELIVERED CAPACIT Y AND O RDERBO O K Challengers Leaders 1–4GW 8 leaders in the overall electrolyzer OEM landscape Orderbook (firm +non-firm)1 400MW–1GW 50–400MW 10–50MW 7 competitive 150+ companies active !"# “challenger
Slide 8: ANDRITZ to order 100 MW electrolyzers from HydrogenPro
ANDRITZ to order 100 MW electrolyzers from HydrogenPro › On 3 March 2025 ANDRITZ announced the receipt of an order for the authority engineering of a 100 MW green hydrogen plant in Rostock, Germany › Subject to the investment decision of the final customer, ANDRITZ expects to receive the notice to p
Slide 9: Leading industry position validated by strong partners
Leading industry position validated by strong partners 2023 revenues1 NOK 100 bn NOK 350 bn NOK 130 bn # of employees 29,717 77,778 75,066 Ownership2 16.7% 12.3% 13.3% SALCOS (100 MW) + ACES (220 MW) + Projects N/A one 5.5 MW project two 5.5MW projects North America and Main focus region(s) Europe A
Slide 10: Solid partnerships enable delivery power on large-scale projects globally
Solid partnerships enable delivery power on large-scale projects globally Customers key Scope delivered with Target customers Green hydrogen project – key components selection criteria global partners 1 2 › Well-known developers Electrolyser system › Technology of large renewable Electrolyzer Gas se
Slide 11: China continues as the driving force in the renewable era
China continues as the driving force in the renewable era In 2024, mainland China invested more in the energy transition than US, EU and UK combined Energy transition investment and GDP share in 2024 Clean energy patents per year 11
Slide 12: Global alkaline electrolyser deliveries in 2025 and 2026 estimated to exceed NOK 50bn
Global alkaline electrolyser deliveries in 2025 and 2026 estimated to exceed NOK 50bn Alkaline market forecast # Electrolyser deliveries (NOK bn) Electrolyser deliveries (GW) 98 › Estimates have come down lately 86 32,5 › Estimated 19GW to be 28,5 delivered of electrolysers in 59 2025 and 2026 combi
Slide 13: Despite several project cancellations, HydrogenPro's pipeline remains strong
Despite several project cancellations in the market, HydrogenPro’s pipeline remains strong Definition Number of Projects Size (GW) Value ($bn)1 Pipeline • All active projects with 177 39.6 10.8 received invitation to bid last three years (173) (39.7) (10.7) Prioritized • Projects HydrogenPro priorit
Slide 14: Key P&L items
Key P&L items NOK million Q4 2024 Q3 2024 Q4 2023 FY 2024 Revenue from contracts with customers 70 72 127 196 › Q4 revenues mainly related to deliveries on SALCOS project Direct materials 41 53 71 147 › Manufacturing of main components Gross profit/(loss) 29 19 56 49 completed. Gross margin 41 % 26
Slide 15: Powering Innovation. Energizing Tomorrow.
POWERING INNOVATION. ENERGIZING TOMORROW. \4ydrogenPro