Sfc Energy Ag · XETR:F3C
Sfc Energy — Q1 2022 Earnings Presentation
25 slides from Sfc Energy's earnings presentation, May 17, 2022
Slide 1: SFC Energy Investor Presentation - Q1 Figures 2022
SFC Energy Investor Presentation - 17 May 2022 Q1 Figures 2022
Slide 2: Disclaimer
2 THIS PRESENTATION IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. IN PARTICULAR, THIS PRESENTATION MUST NOT BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES OF AMERICA (THE “UNITED STATES”), AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. ANY FAILURE T
Slide 3: Leading the fuel cell system revolution in stationary power
3 Leading the fuel cell system revolution in stationary power Only fuel cell solutions provider with proven commercial track record in hydrogen and methanol Established global distribution infrastructure with 100+ partners driving a leading sales track record Ideally positioned to benefit from a
Slide 4: We are on the path to net zero
4 We are on the path to net zero 4
Slide 5: SFC at a glance: 20+ years of fuel cell leadership
5 SFC at a glance: 20+ years of fuel cell leadership • 55,000 • fuel cells sold globally • 4,300 • tons CO2 emissions saved • 7.9m kWh • environmentally friendly energy • € 64.3m • Reported sales in 2021 • 299 • employees of which 22% in R&D • 100+ • global sales and distribution partners • 25* • pa
Slide 6: We provide integrated hybrid fuel cell solutions
6 We provide integrated hybrid fuel cell solutions Power System Fuel service Power generation and storage management integration Fuel cell platforms Batteries Hydrogen SFC Power electrolyzers manager EFOY EFOY Hydrogen EFOY lithium (Methanol) (Hydrogen) battery Fuel cartridges Power Energy solutions
Slide 7: We are moving into higher power range fuel cells
7 We are moving into higher power range fuel cells Power Addressable power level by technology platform Range 500 kW PEM hydrogen fuel cells (up to 500 kW) Liquid cooled Highest power density Currently under R&D EFOY Hydrogen: PEM hydrogen fuel cells (up to 50 kW) 100 New product kW Air cooled devel
Slide 8: SFC fuel cell technologies
8 SFC fuel cell technologies Direct methanol fuel cell (DMFC) Hydrogen fuel cell (PEM) liquid Gas Power generated by Methanol Power generated by Hydrogen Ease of transportation, storage and refueling More attractive for higher power requirements Wide range of operating temperature Low warm up time L
Slide 9: Large opportunity in fuel cell market
9 Large opportunity in fuel cell market Global fuel cell market Growth drivers 2020 2030(1) Fuel cell and green hydrogen cost degression c.€70bn c.€5bn 30.2% Technology maturity c.€4bn CAGR c.€30bn c.€1.8bn Distribution and after-sales build-up c.€7bn Supporting regulations and subsidies Global mark
Slide 10: 55,000 SFC fuel cells installed globally in various markets
10 55,000 SFC fuel cells installed globally in various markets Surveillance Radar Data acquisition & camera transmission On-board Telecom power supply Wind Portable power measurement Environmental data supply measurement Energy SCADA systems infrastructure
Slide 11: Hydrogen Fuel Cell Solutions by SFC
11 Hydrogen Fuel Cell Solutions by SFC EFOY H2Cabinet-Series X-Series N-Series Outdoor Sites Indoor Sites
Slide 12: H2Genset: The mobile emission-free generator
12 H2Genset The mobile emission-free generator Environmentally friendly and quiet Proven technology Flexible H2 refueling Low maintenance & remote monitoring 100 % CO₂ emission-free
Slide 13: Back-up power supply for critical infrastructure
Back-up power supply for critical infrastructure 13 e.g. telecommunications, TETRA radio SITES CHALLENGES «This is the basis for the imminent e.g. Germany, Italy, Austria Emergency power supply applications replacement of conventional for critical infrastructures such as gas diesel generators with m
Slide 14: Key benefits valued by our customers
14 Key benefits valued by our customers Cost efficient Dependable Customizable and hybrid Low maintenance Continuous energy supply with Modular design Low operating and service no downtimes Complementary to existing costs Weather and climate solutions No frequent fuel changes independent Wide power
Slide 15: SFC's pillars for growth
15 SFC’s pillars for growth $ Acquisitions 2011 2013 2020 Asset Deal Strategic agreements, e.g. , Partnerships Further partnerships to support sales growth, e.g. India Technological partnerships to expand R&D expertise New launches into higher powered products provides entry R&D / product into large
Slide 16: ESG in best practice
16 ESG in best practice Environmental: clean energy everywhere Social & Governance: driving innovation EFOY / EFOY Pro EFOY Hydrogen (Methanol) (Hydrogen) 7.9m kWh environmentally friendly energy 55,000 fuel cells sold globally Global methanol fuel cell leader European Innovation Award 2021 Enabling
Slide 17: Proven and sustainable profitability
17 Proven and sustainable profitability Sales EBITDA underlying 90 EURm 75 – 83 EURm 8 (a) 6 – 9.1 (a) 8% 80 7 9.7% ~9.6% 70 6.2 64.3 7% Margin 6 60 53.2 5 6% 50 5.5% 5% 4 40 3 2.9 4% 30 3% 2 20 2% 10 1 0 0 1% 2020A 2021A 2022 Guidance 2020A 2021A 2022 Guidance (a) Based on lower and upper end of co
Slide 18: Financial position Q1 2022
18 Financial position Q1 2022 Net cash position Operating cash flow before working capital % of sales Liabilities to banks Column1 EURm EURm 13.0% 2.2 21.9 16,9 24.6 19,9 1.1% (2.7) (3,1) 0.2 2021A Q1 2022A Q1 2021A Q1 2022A 18
Slide 19: Segments of SFC
20 Segments of SFC Clean Energy & Clean Power Management Clean Energy Clean Power Management Fuel cells and integrated solutions Power management & electronics B2B: Telecom, Wind, Infrastructure, Security, Analytical equipment and systems Energy Laser, semi-conductor and manufacturing B2G: Departmen
Slide 20: Q1 2022 sales development and adjusted EBITDA
Q1 2022 Sales Development Adjusted EBITDA & Margin EURm EURm 17.91 Margin Total +5.4% +13.8% 16.98 5.63 6.91 -65.5% 67.0 2.35 +4.5% 12.28 10.07 0.81 Q1 2021 Q1 2022 Clean Energy Clean Power Management Q1 2021 Q1 2022
Slide 21: Q1 2022 adjusted EBIT and sales by region
Q1 2022 Adjusted EBIT & Margin Sales by Region EURm 8.4% EURm Margin 1.28 1.43 1.98 7.48 7.13 -2.3% Q1 2021 Q1 2022 North America Europe ex. Germany -0.42 Germany Asia Rest of the world
Slide 22: SFC is accelerating! Mid-term strategic base plan
23 SFC is accelerating! Mid-term strategic base plan Annual base sales Underlying EBITDA margin EUR 350-400m 15-20% 9.7% EUR 64.3m 2021A Mid-term 2021A Mid-term 23
Slide 23: ESG in best practice
24 ESG in best practice Environmental: clean energy everywhere Social & Governance: driving innovation EFOY JUPITER (Methanol) (Hydrogen) 6.5m kWh environmentally friendly energy 50,000 fuel cell sold globally Global methanol fuel cells leader European Innovation Award 2021 Enabling growth of the hy
Slide 24: SFC's share summary
25 SFC’s share summary Share price development & trading volume Information on the share price (EUR) Share data (20 April 2022) Share prive development (in EUR) 40 € 450000 35 € 400000 Current share price Opening price 26.50 16.28 350000 (in EUR) (04/01/2021) 30 € Annual high 300000 Circulating shar
Slide 25: Contact
26 Eugen-Saenger-Ring 7 85649 Brunnthal - Germany Dr. Peter Podesser Daniel Saxena Susan Hoffmeister CEO CFO Investor Relations Tel.: +49 (0)89-673 592-170 Tel.: +49 (0)89-673 592-170 Tel.: +49 (0)89-125 09 03-33 E-mail: ir@sfc.com 26