Nx Filtration N.v. · EURONEXT:NXFIL
Nx Filtration — FY2022 Earnings Presentation
22 slides from Nx Filtration's earnings presentation, Feb 10, 2023
Slide 1: FY 2022 results Webcast
FY 2022 results Webcast 10 February 2023 1
Slide 2: Key highlights 2022
1 Key highlights 2022 2 Continued strategic progress and momentum 3 Financials and outlook 2
Slide 3: Key highlights: More than doubling revenues and strong strategic progress
Key highlights More than doubling revenues and strong strategic progress o Total revenues1) of €8.4m, an increase of 105% versus 2021. Revenue from sale of goods increased with 138% Strong growth o Gross margin of 57.2% (55.0% in 2021), reflecting our strong technology position and ESG impact o Expa
Slide 4: Strong topline performance
Strong topline performance Total revenues (€ ‘000) o Total revenues grew 105% versus 2021, driven by strong market +105% demand, an increasing number of pilot projects and full-scale projects that resulted from preceding pilot projects, repeat projects 8,354 from existing customers, as well as sales
Slide 5: Increasing traction with global blue-chip customer base
Increasing traction with global blue-chip customer base… Selected examples Continuation and expansion Delivered ultrafiltration Supplied our Mexpert pilot Repeat order from Ekopak Repeat project with of pilot program with Veolia, replacement modules system for the European to supply dNF membranes Aq
Slide 6: Various recent breakthrough orders providing a strong start for 2023
…and various recent breakthrough orders providing a strong start for 2023 Selected examples o Hydroflux is one of Australia’s fastest growing water and wastewater First orders for 2 full- technology and solutions businesses in scale industrial the municipal and industrial markets projects received f
Slide 7: Continued strategic progress and momentum
1 Key highlights 2022 2 Continued strategic progress and momentum 3 Financials and outlook 7
Slide 8: In 2022 we further professionalized our ESG profile
In 2022 we further professionalized our ESG profile… Joined the UN Global Set externally validated Compact initiative for the SBTi targets to development, decrease absolute implementation and Scope 1 and 2 emissions disclosure of responsible with 42% by 2030 business practices Ranked best 13% of Ins
Slide 9: Measurable impact across our ESG framework
…that underpins the measurable impact across our ESG framework Clean o Our 2022 membrane sales could enable the production of 263 billion liter of clean water1) water for all o In 2022, NX Filtration enabled clean water across 30 countries o NX Filtration’s emissions2) in 2022 amounted to 642 ton CO
Slide 10: Expanding global footprint
Expanding global footprint 2021 2022 revenue of sale of goods by region 2021 2022 2022 2021 2021 Rest of world 10.1% 2021 2022 Europe 39.8% 2016 2020 2022 Asia 30.0% 2022 2020 20.1% North America Countries with NX Filtration local sales force presence as per 31 Dec 2021 Additional countries with NX
Slide 11: We further shaped our global organization
In 2022, we further shaped our global organization positioning us well for the substantial growth ahead of us HQ in the Netherlands Regional sales and application teams with R&D, technology support and production teams in EMEA (incl. global support), Americas and Asia o Strong executive team, with F
Slide 12: Strong tangible growth throughout the business development funnel
Strong tangible growth throughout the business development funnel Entering the phase of recurring module replacements in 2022 Commercial roll-out model direct nanofiltration (dNF) Repeat Recurring projects replacements Pilots Demo plants Full-scale Replacements x1.9 x1.6 172 23 # of pilot 5 # of ful
Slide 13: Increasing number of pilot projects based on expanding pilot fleet
Increasing number of pilot projects based on expanding pilot fleet Fully on track to reach our medium-term objective of 200 pilot systems Number of pilot projects Fleet of pilot systems Mexplorer pilot systems 190 167 162 Mexpert pilot systems(1) 106 86 87 85 54 27 18 76 84 31 6 12 2020 2021 2022 En
Slide 14: We started the construction of our upsized megafactory
We started the construction of our upsized megafactory combining ultra- modern production techniques in a state-of-the-art facility Upsized the design of our new megafactory: higher initial capacity and more space for future capacity additions, creating optimal flexibility for further growth o >26,5
Slide 15: We further strengthened our technology position
We further strengthened our technology position o Patent grant for our ‘Positively charged membranes’ patent family in India PepsiCo o New patent family addition around Patent application o Research with PepsiCo around portfolio additional opportunities for dNF innovative application of nanolayers o
Slide 16: Our breakthrough dNF technology continues to be recognized by the industry
Our breakthrough dNF technology continues to be recognized by the industry Winner Wastewater Total BlueTruffle score: 5 out of 5 Project of the Year 2022 Large addressable market 1 out of 1 Strong management team 1 out of 1 Strong IP position 1 out of 1 o Inclusion in the new Euronext Tech Leaders i
Slide 17: Financials and outlook
1 Key highlights 2022 2 Continued strategic progress and momentum 3 Financials and outlook 17
Slide 18: Summary P&L
Summary P&L In € ‘000 2021 2022 o Total revenues grew 105% driven by strong market demand, an increasing number of full-scale projects, Total revenues1) 4,069 8,354 sales force expansion in existing and new countries and growing number of OEM relationships. Growth in other Clean Municipal Water 1,10
Slide 19: Balance sheet
Balance sheet In € ‘000 31 Dec 2021 31 Dec 2022 o Capex amounted to €12,670k (€8,616k in 2021) and included investments in the ongoing capacity expansion Non-current assets 18,043 31,601 at the existing locations, the purchase of land and development cost for the new megafactory and additions Curren
Slide 20: Key priorities and outlook for 2023
Key priorities and outlook for 2023 People o Build further on the strong global organization that we established over the past years o Continue focus on rolling-out pilot projects and converting pilots into demo- and full-scale projects Commercial o Well positioned for further growth in 2023, with v
Slide 21: Disclaimer
Disclaimer IMPORTANT: The information set out herein (the Information) does not constitute or form part of, and should not be construed as an offer or the solicitation of an offer to subscribe for or purchase securities of NX Filtration. NX Filtration does not accept any responsibility whatsoever, o
Slide 22: filtration
OO Nx filtration