Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Q1 2022 Earnings Presentation
17 slides from Hexicon Ab's earnings presentation, May 12, 2022
Slide 1: Operations Update Q1 2022
Operations Update Q1 2022 Join The Future 12 May 2022 1
Slide 2: Content
Content Floating wind & Hexicon in brief Market developments Business update Outlook 2
Slide 3: Floating Wind & Hexicon in brief
Floating Wind & Hexicon in brief 3
Slide 4: Why floating wind?
Why floating wind? Enormous potential Superior Limited footprint Industrialisation wind conditions Distribution of total 70–80%, Floating 20–30%, Bottom-fixed offshore wind potential1: (>60m depth) (<60m depth) Deep-water wind is key to unlocking Offshore wind Offshore bottom-fixed Onshore 50–60% 45
Slide 5: Project Developer, Technology Provider, Vision 2025
PROJECT DEVELOPER TECHNOLOGY PROVIDER Early stage for high Local partners in Patented TwinWind Next generation value creation prioritized markets Design offshore wind Development fees, equity options License fees VISION 2025 Projects Technology Financial Ongoing revenue generating The TwinWind™ is v
Slide 6: Building a portfolio
Building a portfolio Growing the project portfolio: South Korea • Revenues from Scotland developments Net portfolio of • Build pipeline to license England >2,000 MW the technology • Build brand awareness Sweden 6 6
Slide 7: TwinWind
Patented floating wind foundation TwinWind® Minimal Higher power Increased flexibility Access to better Efficient Lower levelized cost 7 7 environmental impact density in site selection wind conditions maintenance of energy
Slide 8: Market Development
4 NZ hexicon Market Development
Slide 9: Recent Market Developments
Recent Market Developments Swedish Government sets new offshore wind target of 90 TWh The US Government announces program of multiple auctions over the next four years on both east and west coasts Portugal announces deep water auctions of 3-4 GW with first operating projects by 2026 9
Slide 10: Business Update
Zz NZ hexicon Business Update
Slide 11: 2021 - Summarized
2021 - Summarized Project portfolio advanced TwinWind matured Company grown • + 2,000 MW of projects • DNV feasibility • Hexicon team doubled statement • Key projects advanced to • IPO mid-stage • Model testing • New partnerships • Increased geographical • Received EPO approval presence of patent 11
Slide 12: Highlights for 2022
Recent progress Highlights for 2022 SOUTH KOREA TWINHUB SWEDEN HEXICON Two additional PROGRESS JV Freja Offshore Appointed Electricity Business The project was recruited Magnus Karin Ljung as Licenses secured awarded a marine Hallman as Chief new CFO. for Munmu Baram license and is set Executive. Pr
Slide 13: Project Portfolio
Project Portfolio PROJECTS PROSPECTS South South South Spain / South Scotland Sweden England Ireland Italy Korea Korea Africa Portugal Korea Pentland Munmu Name Floating Wind Freja Offshore TwinHub TBA TBA TBA TBA TBA TBA Baram Farm East and SW Canary Islands, East and SW Location Ulsan Dounreay Mul
Slide 14: TwinWind Technology Roadmap
Partner: Capacity: Worley 6 MW TwinWind Technology Roadmap Water depth: 200 m Wind speed: 9.9 m/s Proof of Concept TwinWay Project 2020 2021 2022 2023 2024 2025 Start of WTG Purchase Operation & DNV Start of Certificate Engineeing Basin Test FID TwinHub Project Feasibility Site acquisition CFD Award
Slide 15: TwinWay and TwinHub size comparison
TwinWay Eiffel Tower TwinHub Hub height: 68,5 m Total height: 300 m Hub height: 111 m Rotordiameter: 90 m Rotordiameter: 180 m Total height: 113,5 m Total height: 200 m 15
Slide 16: Outlook
Outlook 16
Slide 17: Near Term Priorities
Near Term Priorities Prepare the design for construction start in Norway Prepare the TwinHub Project for upcoming UK auction Focus on developing current projects and prospects to increase portfolio value Mature identified opportunities in new and existing markets 17