Slide 1: Annual Report 2020 Presentation
ANNUAL REPORT 2020 PRESENTATION
Slide 2: Important notice
Important notice This presentation does not constitute a prospectus and has been prepared for information purposes only and under no circumstances does it constitute the basis for a public offering. This document is not intended to be and does not constitute an offer, or a solicitation of any offer,
Slide 3: Introduction to GreenMobility
Introduction to GreenMobility
Slide 4: Sustainable mobility solutions are needed in cities globally
Sustainable mobility solutions Increasing traffic are needed in intensity5 cities globally Greater parking pressure and greater cost of ownership6 7 600 Europe currently has 600 cars for every 1,000 Less space for 1,000 inhabitants1 green urban areas The average personal car is Increased greenhouse
Slide 5: GreenMobility – Independent, green car-sharing provider
GreenMobility – INDEPENDENT, GREEN CAR-SHARING PROVIDER We seek to expedite the transition away from private car In operation ownership in urban areas by providing the convenience of on-demand mobility – in a wholly sustainable manner Announced cities 2016 2017 / 2020 Launch of first city Listed on
Slide 6: The most sustainable car sharing
THE MOST SUSTAINABLE 100% GREEN CAR SHARING GreenMobility is a sustainable service 24-HOUR SERVICE Customer service and SOLUTION using only zero emission vehicles fleet management overview 24/7 APP IS THE KEY TO ALL CARS MINUTE | PRE-PAID | DAILY Your smartphone is all you need to find, Drive as far
Slide 7: Our services ensure a better city environment
OUR SERVICES ENSURES A BETTER CITY ENVIRONMENT Accumulated tonnes CO2 saved1 GreenMobility’s services take active part in solving the pressing 2.400 issues faced by modern cities by: • Decrease CO2 emissions 1.900 • Enhance biodiversity • Reduce private car ownership 1.400 • Optimise the use of each
Slide 8: Business model
SCALING THE BUSINESS THROUGH UTILIZATION Business OF THE CARS IS THE KEY FOCUS model • The main cost effects (per car) will be in place from launch date and thus predictable • Cost base per car has limited fluctuations from city to city • Customer acquisition and increasing user activity will genera
Slide 9: Strong growth in European car sharing market
STRONG GROWTH IN EUROPEAN CAR European car sharing market perspective SHARING MARKET • 162 cities with more than ¼ million inhabitants – of which only 26% currently have a car sharing solution. In 2017 the focus was cities above 1 million inhabitants of which there were only 26 • The 26% with car sh
Slide 10: GreenMobility today
; > eenMobility 2 YOUR CITY. YOUR CAR’
Slide 11: Scalable business structure
SCALABLE BUSINESS STRUCTURE Own cities Joint Venture 100% owned and operated ensuring full control of daily Shared ownership with strong local partners, who can add operations. While creating a greater cash demand unique commercial or operational know-how to benefit the upfront, full potential upsid
Slide 12: Average revenue per car in Copenhagen
Average revenue per car in Copenhagen +20,2% +13.4% DEVELOPMENT IN AVERAGE REVENUE PER CAR IN 23,4 23,9 COPENHAGEN1 +23.0% 21,8 19,9 20,0 19,3 17,0 16,6 15,2 14,8 14,4 14,4 13,8 11,4 Migration to new platform including change of hardware – 7,5 causing revenue to drop Revenue per car was Lower revenu
Slide 13: Average revenue per car in Aarhus
Average revenue per car in Aarhus DEVELOPMENT IN AVERAGE REVENUE PER CAR IN AARHUS1 More than halfway 13,6 to profitability – with society returning, growth is expected to increase 9,8 6,5 5,4 '20/Q1 '20/Q2 '20/Q3 '20/Q4 Revenue per vehicle per quarter (DKK ’000s) 1) Calculated as revenue in AARHUS
Slide 14: Continued growth – long term trend unchanged
Continued growth – long term trend ACTIVE CUSTOMERS unchanged Per 4-week back-ward rolling window, indexed Change of platform was initiated in 1 Higher level week 48 (2019) but with a quick than before rebound in customer usage Covid-19 2 Covid-19 impacted GreenMobility directly – but we maintained
Slide 15: Highlights
Bey GreenMobi Your ciry.¥OUR CAR
Slide 16: 2020 Highlights
2020 HIGHLIGHTS • Launch of 5 new cities for a total of 7 cities across 4 countries • Operational profitability in Copenhagen as the first fully electric carsharing business • Successfully completion of investment round of DKK 75 million • Transferring listing from First North to Nasdaq Main Market
Slide 17: Product & concept development
PRODUCT & CONCEPT DEVELOPMENT Pre-book Shared electric cargo vans Packages Pre-order a GreenMobility electric For when you need to move larger New time-packages for when you want vehicle. Delivered to your address of items, going to the furniture store or to go further or longer at a fixed price. ch
Slide 18: GreenMobility Business
GREENMOBILITY BUSINESS For all companies, for working hours and leisure time, for cities and rural areas: 1 business app and tailored solutions Our business solution entails that private companies and municipalities can rent a GreenMobility car at a fixed monthly rate, all inclusive, for business or
Slide 19: ESG highlights
ESG HIGHLIGHTS • ESG & Sustainability Report published • 2020 to serve as a baseline year • Details our work across the group on Environment, Social and Governance topics • Additionally, it details our work, progress and goals related to UN’s Sustainable Development Goals The report is available at
Slide 20: Selected KPI development
SELECTED KPI DEVELOPMENT DEVELOPMENT IN USERS DEVELOPMENT IN TRIPS DEVELOPMENT IN CITIES -2% 10.065 4 25.049 115.744 5 80.630 7 -1 3 2019A DK Other 2020A 2019A 2020A 2019A Ended New 2020A Plan o Combined growth of 44% in customer o Trips directly impacted by the pandemic, o Total number of 5 new cit
Slide 21: Revenue development
REVENUE DEVELOPMENT REVENUE EBITDA DEVELOPMENT NET PROFIT DEVELOPMENT 2019A 2020A 2019A 2020A -671 1.900 (20.532) (29.899) 33.421 34.650 (43.432) (59.721) 2019A DK Other 2020A Revenue (DKK’000s) GreenMobility EBITDA (DKK ‘000s) o A slight decrease in revenue in Denmark, o Impact by pandemic, primari
Slide 22: Q4 development
Q4 DEVELOPMENT TRIPS DEVELOPMENT REVENUE DEVELOPMENT EBITDA DEVELOPMENT NET PROFIT DEVELOPMENT +9% Q4-19 Q4-20 Q4-19 Q4-20 +16% (4.059) (6.965) (21.461) (25.815) 188.874 173.055 11.561 9.996 Q4-19 Q4-20 Q4-19 Q4-20 Revenue (DKK’000s) EBITDA (DKK’000s) Net profit (DKK’000s) o Launch cost of new citie
Slide 23: Aspirations & Guidance
GreenMobility » YOur crry. Your CAR’
Slide 24: 2025 Aspirations
2025 ASPIRATIONS ON NUMBER OF CITIES From 7 to 35 #1 • We aim to be the leading mobility provider in Europe. • Benefit from the green agenda and create a new industry champion by utilizing the window of opportunity • Our strategic aim is translate our extensive operational know-how and increase reve
Slide 25: 2021 Guidance
2021 GUIDANCE 2021 guidance assumes that society in our operational cities will continue a steady re-opening process, lifting of travel restrictions. OUR EXPECTATIONS FOR 2021 ARE: • Launch of 4-6 new cities, to reach a total of 11-13 cities • Adding 1,050 - 1,550 new EVs, for a total of 2,000 - 2,5
Slide 26: Investor Relations contact
Anders Wall VP Investor Relations greenmobility.com aw@greenmobility.com greenm.dk
Slide 27: Appendix
Appendix
Slide 28: Group profit & loss statement
Group profit & loss statement DKKm 2020A 2019A 2018A COMMENTS Revenue 34,7 33,4 25,4 o Growth in revenue relative to effects from the Other operating income 4,5 2,3 0,2 pandemic, especially in the 1st half of the year Total revenue 39,2 35,7 25,6 Growth 10% 39% o Strong Q4 overall, despite continued
Slide 29: Group balance sheet
Group balance sheet DKKm 2020A 2019A 2018A COMMENTS Intanglible assets 2,3 0,6 0,3 Property, plant and equipment 100,9 60,0 35,7 o Cars constitute the majority of PP&E (DKK 95.8m), Fixed asset investments 1,1 1,0 0,3 where approximately 200 vehicles out of Non-current assets 104,3 61,6 36,2 approxim
Slide 30: Group cash flow statement
Group cash flow statement DKKm 2020A 2019A 2018A COMMENTS Operating profit (EBIT) (57,4) (28,6) (29,1) Changes in cash flow from operations due to: Amortisation, depreciation and impariment losses 13,9 8,1 7,0 Share based payment cost 7,5 0,0 0,0 o Increased operational loss Working capital changes