Hydrogen Refueling Solutions Sa · EURONEXT:ALHRS
Hydrogen Refueling Solutions Sa — H1 2022/2023 Earnings Presentation
18 slides from Hydrogen Refueling Solutions Sa's earnings presentation, Jan 20, 2023
Slide 1: Half-Year Results 2022/2023
HALF-YEAR RESULTS 2022/2023 20 JANUARY 2023
Slide 2: European infrastructure network to be built
European infrastructure network Around 20% to be built of refueling stations manufactured in EU STRONG GROWTH IN FUTURE DEMAND FOR STATIONS… by HRS to date 50 Number of hydrogen fuelling stations stations An €8 billion market 15,000 in 2025 CAGR 400 (2020-2030) +12% stations in 2025 400/1,000 1,500
Slide 3: A fast-changing ecosystem, towards the massive development of hydrogen mobility
A fast-changing ecosystem, towards the massive development of hydrogen mobility Via the initiative National plan National plan Sovereign H2 MASSIVE « IPCEI* Hy2Tech » by 2030 by 2026 production chain PLANS €5.4 billions €4.4 billions €530 millions €5.3 billions ARE 41 projects 150 stations 40 statio
Slide 4: European regulation news: support confirmed
European regulation news: support confirmed
Slide 5: A key position in the hydrogen value chain
A KEY POSITION IN THE HYDROGEN VALUE CHAIN Hydrogen Hydrogen storage & Hydrogen source distribution vehicles NO DEPENDENCY H ON HYDROGEN PRODUCTION PIPELINE 2 GRIS TECHNOLOGIES ELECTROLYSIS STATIONS COULD BE DELIVERED IN A SHORT TUBE TRAILER LEAD TIME TO MEET MARKET NEEDS Hydrogen Refueling Solution
Slide 6: A full product range to fit market
A FULL PRODUCT RANGE TO FIT MARKET First orders H-1000 (40kg/h) Best- seller H-200 (14kg/h) H-2000 (80kg/h) 1 ton Stations 300 kg to can be linked to per day 2 tons any type of CURRENTLY AVAILABLE 2023 per day electrolysers (low carbon H2 Dual-pressure project) Simultaneous 12-month guarantee 350 an
Slide 7: New production site Champ-sur-Drac
New production site Champ-sur-Drac 2.6ha 30M€ area investment 14 300m² Office, R&D and pilot refueling station open to public Capacity: Up to 180 stations/year 100+ employees by 2025 In operation in fiscal year 2022-2023 Chantier au 05/07/22 Hydrogen Refueling Solutions Confidential and Proprietary
Slide 8: Revenues for H1 2022/2023 up +135% to €10.7 M
Revenues for H1 2022/2023 up +135% to €10.7 M H1 H1 k€ - unaudited data Variation Revenue recognition by the percentage of 2021/2022 2022/2023 completion Revenue 4,569 10,720 +135% • 7.9 M€: Production start-up of 11 new station orders • 1.4 M€: Remaining sales of 21 stations Hydrogen stations 3,824
Slide 9: Orders for new generation stations already received or to be received
74 Orders for new generation stations already received or to be received As of 19 January 2023 27 ORDERS IN 2020/2022 47 STATIONS MANUFACTURED OR UNDER DEPLOYMENT ORDERED OR TO BE ORDERED IN 2022/2023 FOR POTENTIAL REVENUE OF €41.4 M FOR A POTENTIAL REVENUE OF €100.1 M 13 13 13 IN PRODUCTION 25 TO B
Slide 10: Strategic review of long-term partnerships and risk-assessment of the order book
Strategic review of long-term partnerships and risk-assessment of the order book Firm orders for Commitments for Probability of Stations integrated into Stations placed in final stations additional transformation into firm the backlog negotiations or Partner already in the order orders orders * pros
Slide 11: An order book of more than €109 M for the stations
An order book of more than €109 M for the stations As 19 January 2023 Order Backlog 2020/2022 H1 2022/2023 +81% since Oct. 2022 - €42 M GAUSSIN 109,0 M€ + €100.1 M STRATEGIC REVIEW €9.2 M STATION REVENUE IN H1 2022/2023 + €42 M €23.2 M €60.2 M GAUSSIN STATION REVENUE ORDER INTAKE 2020/2022 IN H1 202
Slide 12: Total commercial pipeline of €1,186 M + €109 M Backlog
Total commercial pipeline of €1 186 M + €109 M Backlog As 19 January 2023 PROSPECTING ORDER ONGOING (calls for projects pending response) BACKLOG NEGOTIATIONS** STATIONS STATIONS STATIONS to be delivered by 2026 for potential delivery to be delivered between 2023 and 2026 between 2023 and 2027 €109
Slide 13: Ambitious organic prospects
Ambitious organic prospects Revenue >€85m EBIT ≈20% Snapshot between mid-2020 and mid-2025 +100 new stations to be delivered CA Greater than Revenue +50 % Stations Revenue €17.0m Revenue €10.5m Stations €2.5m €15.1M €8.3M Stations Industrial Stations piping engineering 06/20 06/21 06/22 06/23e 06/24
Slide 14: Appendix
Appendix Corporate Headquarter: Contact: ZA des Viallards Email: contact@h-r-s.fr, Tel. +33 476 140 778 38560 Champ Sur Drac, France HYDROGEN-REFUELING-SOLUTIONS.FR
Slide 15: Framework agreement for the deployment of European hydrogen mobility projects with pHYnix
Framework agreement for the deployment of European hydrogen mobility projects with pHYnix Partnership until 2027 HRS becomes one of the main suppliers of stations Independent European producer for pHYnix’s projets of green hydrogen and related services Project pipeline of 1.7 GW 8 firm orders served
Slide 16: Management team
Hassen RACHEDI 56 years old - CAP Chaudronnier CEO and Founder 2004 : Creation of TSM Tuyauterie Service Maintenance 2008 : Beginning of the hydrogen activity with the support of a large French client Pioneer in hydrogen distribution for the manufacture of refuelling stations Mathieu MOSCA Operation
Slide 17: Stations manufactured and staff members
2004 2009 2019 2022 INDUSTRIAL HYDROGEN DESIGNER AND PIPING STATION MANUFACTURER ENGINEERING INTEGRATOR OF HYDROGEN STATIONS Staff members 7 13 34 84 1 34 55 Champ-sur-Drac, Grenoble Stations manufactured 11 of which are currently being delivered Hydrogen Refueling Solutions Confidential and Proprie
Slide 18: Shareholding
Shareholding Capital holdings 27.3% Floating Hassen RACHEDI Directly and indirectly through HOLDING HR 72.7% ISIN Code: FR0014001PM5 Mnemo Code: ALHRS 18
Hydrogen Refueling Solutions — H1 2022/2023 Earnings Presentation on 6ix