Cavendish Hydrogen Asa · OSL:CAVEN
Cavendish Hydrogen Asa — Q1 2025 Earnings Presentation
19 slides from Cavendish Hydrogen Asa's earnings presentation, May 15, 2025
Slide 1: Q1 2025 Presentation
Q1 2025 Presentation May 15th. 2025
Slide 2: Forward-looking information
Forward-looking information This Presentation includes and is based, inter alia, on forward-looking Although Cavendish Hydrogen ASA believes that its expectations, estimates information and statements relating to the business, financial performance and projections are based upon reasonable assumptio
Slide 3: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q1 2025 3. Key Figures Q1 2025 4. Summary 3
Slide 4: This is Cavendish Hydrogen
CA VENDISH H Y D ROG EN I N BR I EF This is Cavendish Hydrogen Uniquely positioned to capture the Hydrogen opportunity Geographical presence in key markets +20 900.000 Years of legacy within Kg. hydrogen One of the largest hydrogen fueling dispensed in 2024 hydrogen station factories globally ≈150 3
Slide 5: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q1 2025 3. Key Figures Q1 2025 4. Summary 5
Slide 6: Wuppertal project completed for Everfuel
Q 1 2 025 | BU S INES S U P DATE Wuppertal project completed for Everfuel Wuppertal, Germany Wuppertal – Latest contribution to Germany’s Hydrogen Bus network German Bus market is showing great potential with plans for up to 60 more bus stations Cavendish’s European bus station is a perfect fi
Slide 7: Vancouver Site completed for HTEC
Q 1 2 025 | BU S INES S U P DATE Vancouver Site completed for HTEC Vancouver, Canada Vancouver – Cavendish’s first station in the Canadian market Important milestone with important customer The station was officially handed over on April 2nd Cavendish is responsible for Service and Maintenan
Slide 8: Moreno Valley CA project completed for customer
Q 1 2 025 | BU S INES S U P DATE Moreno Valley CA project completed for customer Moreno Valley, California Cavendish started up the first of several stations with a large US customer Successful soft opening agreement with 12 hours opening window from 21. April to 1. June Second station under c
Slide 9: Stations handed over or in progress
Q 1 2 025 | BU S INES S U P DATE Stations handed over or in progress NORTH AMERICA EUROPE Three stations handed over 1 in Germany 1 Site 1 in Canada and 1 in US 1 Site 1 Site Four stations in progress 2 Sites 2 in US 1 in Italy and 1 Site 1 Site 1 in France On-going Installation and Comm
Slide 10: Record high volumes dispensed in Q1 2025
Q 1 2025 | BU S INES S U P DA TE Record high volumes dispensed in Q1 2025 DISPENSED HYDROGEN ON CAVENDISH EQUIPMENT (Kg H2 dispensed) Highlights in dispensed figures 300,000 +41% Europe: Strong growth in Europe from last quarter thanks to improved performance and 250,000 additional stations 200,00
Slide 11: Current products will bridge the gap
Q 1 2 025 | BU S INES S U P DATE Current products will bridge the gap The long-term trend is still pointing towards medium- and heavy duty plus industrial applications (e.g. trailer filling) Light- and Medium duty projects are still standing for the majority of announced projects Higher degree
Slide 12: On demand driven development of next generation technology
Q 1 2 025 | BU S INES S U P DATE On demand driven development of next generation technology Development timeline adapted to time the market Develop and sell HC equipment on a demand-based approach, module by module E.g. feed-compressor and valve-panel integration in industrial applications lik
Slide 13: Continued focus on delivering to promise
Q 1 2 025 | BU S INES S U P DATE Continued focus on delivering to promise Continue our focus on: 1. Customer commitments 2. Flexibility in product offering 3. Partnerships and investors 13 ©2024 Cavendish – All rights reserved
Slide 14: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q1 2025 3. Key Figures Q1 2025 4. Summary 14
Slide 15: Financial Performance
Q 1 2 025 | K E Y FI GURES Financial Performance Revenue REVENUE & EBITDA ORDER INTAKE & BACKLOG (EUR million) (EUR million) • 38 % revenue decrease from same quarter last year after one-off Intake Backlog REVENUE 27.7 25.7 • Fewer equipment deliveries and lower project activity in Europe, 9.8 21.0
Slide 16: Agenda
Agenda 1. Cavendish Hydrogen in Brief 2. Business Update Q1 2025 3. Key Figures Q1 2025 4. Summary 16
Slide 17: Summary Q1 2025
Q 1 2 025 P R E SEN TATION | S U MMARY Summary Q1 2025 Several new installations Improved Performance All time high: 288.000kg Cash position: 34.5MEUR globally 17 * Based on average 4 kg. h2 dispensed per fueling ©2024 Cavendish – All rights reserved
Slide 18: Q&A
Q&A Q&A to be hosted as live-session 13:00-13:30 CET, Thursday May 15th. 18
Slide 19: Cavendish
Cavendish