Haffner Energy SAS · EURONEXT:ALHAF
Haffner Energy SAS — Haffner Energy — FY2021-2022 Earnings Presentation
27 slides from Haffner Energy SAS's earnings presentation, June 2022
Slide 1: Pioneering decarbonisation solutions: 2021-2022 Annual Results
Pioneering decarbonisation solutions 2021-2022 Annual Results June 2022 C2 - Internal Natixis
Slide 2: A family business listed on Euronext Growth Paris since February 2022
A family business listed on Euronext Growth Paris since 14 February 2022, agile and innovative The founding brothers Solid and family controlled A unique shareholding structure technology, Philippe Haffner Marc Haffner Hynoca® Free-float Co-Founder, Co-Founder, 10% CEO & President Haffner Deputy CEO
Slide 3: 30 years of experience in biomass energy recovery
30 years of experience in biomass energy recovery Feb 14, 2022 IPO with €74m 2017-2018 fundraising Awarded €360m market Unique expertise in biomass several projects cap energy project management by ADEME and 2010 Bpifrance Beginning of R&D work dedicated 2020 > 600 MW of installed capacity to HYNOCA
Slide 4: 02. HYNOCA Solution
02. HYNOCA® Solution Pioneering decarbonisation solutions 4 C2 - Internal Natixis
Slide 5: A unique value proposition thanks to a revolutionary green hydrogen technology
A unique value proposition thanks to a revolutionary green hydrogen technology The SYNOCA® process Power Hypergas® (renewable gas) The HYNOCA® process Patented Thermolysis technology Heat energy stream Industry Steam Biomass Thermolysis Biomass Gaz Purification Hydrogen Reforming products (SBR) Mobi
Slide 6: Our core proposition: the HYNOCA module
Our core proposition: the HYNOCA® module Perfectly adapted Each module is made to decentralized up of three skids and a production given purification unit limited power needs Each skid is the size of a 40 feet ISO container for Each module produces ease of global shipping 15-30kg/h of hydrogen(1) Fi
Slide 7: Competitive positioning: a unique player for biomass thermolysis
Competitive positioning: a unique player for biomass thermolysis Biomass Water Thermolysis (pyro)Gasification SMR electrolysis Technology Biomass thermolysis at Biomass heated to Breakdown of H2O Methane heated 500°C resulting in >850°C in a zero to low- molecules into oxygen between 700 and biochar
Slide 8: Compelling economic and environmental benefits
Compelling economic and environmental benefits Hydrogen production cost(1) Climate contribution (kg of CO2 per kg of produced H2) Case 1: 246t H2/y Case 2: 5,125t H2/y (720kg H2/day) (15t H2/day) €6/kg €5/kg Based on €4/kg €2.71 /kg preliminary EVEA 15 life cycle €3/kg analysis(7) €1.46 /kg 10 €2/kg
Slide 9: Quantifying our HYNOCA process
Quantifying our HYNOCA® process Able to fuel a 1 ton passenger car for up to 100,000km(1) Sustainable biomass (30% humidity) Biochar 5.5 tons Supporting customers’ decarbonization 30 tons = ambitions 11+ one truck tons of CO2e(2) sequestered C2 - Internal Natixis 1. Company estimate. 2. CO2 equivale
Slide 10: 03. Biomass and biochar
03. Biomass and biochar Pioneering decarbonisation solutions 10 C2 - Internal Natixis
Slide 11: Haffner Energy is an expert in sustainable biomass sourcing
Haffner Energy is an expert in sustainable biomass sourcing Haffner Energy enjoys strong experience Haffner Energy can source sustainable biomass for its clients in biomass-to-energy and biomass sourcing through its Biomatch service Selected Haffner Energy projects Identify sustainable biomass sourc
Slide 12: HYNOCA's versatility regarding feedstock
HYNOCA®’s versatility regarding feedstock Wood / Short Rotation Recovered Wood Coppice Vine Residues Hemp Corn / Cereal Straw Flax / Flax Shives Miscanthus Manure Energy Crops Cereal Dust Strasbourg HYNOCA® station biomass This grants HYNOCA® two key competitive strengths: The HYNOCA® process is ext
Slide 13: HYNOCA is able to produce high-quality biochar to offset carbon emissions
HYNOCA® is able to produce high-quality biochar to offset carbon emissions Biochar is both environmentally Biochar carbon credits(1) are and economically valuable highly valuable A carbon credit is an intangible Biochar is a solid carbon by-product product that represents the avoidance, of biomass t
Slide 14: 04. Technology and maturity
04. Technology and maturity Pioneering decarbonisation solutions 14 C2 - Internal Natixis
Slide 15: HYNOCA technology already operational in Strasbourg
HYNOCA® technology already operational in Strasbourg Target daily Wood chips ~4 tons production Production(1) as feedstock capacity of biochar (~22 tons a day) per day 720kg hydrogen 900 1,700 Fuelling 72 buses light-utility light-vehicles or or capacity(1) @40,000km/ year/bus @20,000km/ @15,000km/
Slide 16: Thermolysis & cracking modules in operation in Strasbourg
Thermolysis & cracking modules in operation in Strasbourg Partnership with With the support of Pioneering decarbonisation solutions 16 C2 - Internal Natixis
Slide 17: HYNOCA in Strasbourg
HYNOCA® in Strasbourg Pioneering decarbonisation solutions 17 C2 - Internal Natixis
Slide 18: 06. 2021-2022 Annual Results
06. 2021-2022 Annual Results Pioneering decarbonisation solutions 18 C2 - Internal Natixis
Slide 19: Key facts for the year 2021-2022
Key facts for the year 2021-2022 Successful IPO: - 14 February 2022: capital increase of €66.7m and €59.3m net of expenses - Share premium of €58.5m Commercial contract with Kouros SA: - Signed on 28 October 2021, effective on 23 November 2021, cashed on 24 January 2022 - 7-year supply agreement for
Slide 20: Acceleration of the Company's structuring
Acceleration of the Company's structuring Executive Committee ▪ Recruitment of 17 Adeline Alban Reboul Christian people since the IPO Mickeler Salze Bestien in February 2022 Chief Financial Officer Chief Operating Officer Business Appointed in March 2022 Appointed in April 2022 Development Director
Slide 21: Active partnerships with industrial players
Active partnerships with industrial players 1 2 3 HRS VICAT EREN ▪ 3-year partnership ▪ Short-term development of green ▪ Joint venture in which Haffner Energy will solutions to produce syngas, biochar, hold 20% of the capital (possibility of ▪ HRS hydrogen refueling station hydrogen and electricity
Slide 22: Post closing event: R-Hynoca contract amendment of 31 May 2022
Post closing event: R-Hynoca contract amendment of 31 May 2022 Contract with R-Hynoca, a joint venture with ENR (Réseau Energies Renouvelables), itself a subsidiary of the Strasbourg-based energy company R-GDS Initial contract of 20 July 2020 Amendment of 31 May 2022 - Phase 1: €1,536K - Phase 1: €1
Slide 23: Key figures 2021-2022 (IFRS)
Key figures 2021 - 2022 (IFRS) Key Figures In k€ 31 March 2022 31 March 2021 Comments Turnover 384 4,225 1st H2 R-Hynoca contract in 2022 /Last AEB cogeneration contract Other Products 1,204 214 Kouros license agreement (€1m) Material margin: -€119K vs. +€736K EBITDA (2,703) (1,774) Structuring of H
Slide 24: Outlook 2022-2023: Backlog and pipeline
Outlook 2022-2023: Backlog and pipeline Backlog 2022-2023: €33m IPO ‘s Pipeline : €183m Unchanged from IPO - Backlog = signed purchase contract or purchase - Pipeline = preliminary feasibility study completed order / signed letter of intent or specifications / / budget offer or preliminary business
Slide 25: Outlook 2022-2023: Turnover
Outlook 2022-2023: Turnover Revenue registered on a percentage of completion basis Ability to book turnover dependent on supply delay Longer supply delay and tension on certain components - Estimated 9 to 12 months delay for the electronic components of the thermolysis module - > 9 months for the pu
Slide 26: Perspectives
Perspectives Strong structural trends supporting the deployment of the technology, accelerated by the strategic issues of Europe's energy independence and decarbonisation Carbon negative technology contributing to global Net Zero targets A technology allowing continuous production throughout the yea
Slide 27: Integration into the Euronext Tech Leaders segment
Integration of Haffner Energy into the new Euronext Tech Leaders market segment alongside more than 100 high-growth European technology companies 7th June 2022 ▪ Criteria : Launch ✓Technological leadership ✓Market capitalisation + 100 Companies selected ✓Growth from 700 Tech companies ▪ Haffner Ener