Hexagon Purus ASA · OSL:HPUR
Hexagon Purus ASA — Q3 2021 Earnings Presentation
30 slides from Hexagon Purus ASA's earnings presentation, Nov 2, 2021
Slide 1: Q3 2021 presentation
» 2 NOVEMBER 2021 MortTeEN HOLUM, CEO DILIP WARRIER, CF HEXAGON PURUS
Slide 2: Disclaimer and important notice
Disclaimer and important notice This company presentation (the “Presentation”) has been prepared by Hexagon Purus ASA (“Purus” or the “Company”). The Presentation has not been reviewed or registered with, or approved by, any public authority, stock exchange or regulated marketplace. The Company make
Slide 3: Agenda
Agenda 1 2 3 HIGHLIGHTS FROM FINANCIALS OUTLOOK AND Q&A Q3 2021 (HEXAGON PURUS
Slide 4: Highlights from Q3 2021
Slide 5: Key highlights from Q3 2021
Hexagon Purus (HEXAGON Key highlights from Q3 2021 Revenues, NOKM 53 Q3'20 321 249 147 YID'20. = -YTD'21, ROBUST ANNOUNCED CONTINUED STRONG YEAR-OVER-YEAR STRATEGICALLY COMMERCIAL REVENUE GROWTH IMPORTANT ACQUISITION MOMENTUM OF WYSTRACH GMBH
Slide 6: Hydrogen distribution driving majority of revenue growth in Q3'21
Hydrogen distribution driving majority of revenue growth in Q3’21 HEXAGON Purus, GRouP REVENUES | NOKM (5) ” 53 Q3'20 Distribution Transitbus Aerospace Heavy-duty vehicles Other Q3'21 Revenue almost doubled YoY: Increase in deliveries of hydrogen distribution cylinders and modules to Wystrach, Everf
Slide 7: Leadership position solidified by the acquisition of Wystrach
Hexagon Purus’ leadership position is further solidified by the acquisition of Wystrach co SI LEADING HYDROGEN LEADING HYDROGEN CYLINDER MANUFACTURER SYSTEMS PROVIDER THE COMBINED COMPANY WILL BE THE LEADING VERTICALLY HEXAGON (Ht PURUS INTEGRATED HYDROGEN Wystrach Il, SYSTEMS SOLUTIONS PROVIDER THE
Slide 8: Wystrach's product suite covers a wide range of gas storage applications
Wystrach’s product suite covers a wide range of gas storage applications LEGACY BUSINESS WITH STABLE VOLUMES STATIONARY STORAGE & GROWTH BUSINESS WITH SIGNIFICANTLY INCREASING VOLUMES Mositity STORAGE SOLUTIONS SOLUTIONS INDUSTRIAL GAS BUNDLES: (MAINLY «AIR» GASES) HYDROGEN SYSTEMS, | TEN {ue (3 Ser
Slide 9: Wystrach increases control of the hydrogen systems value chain
Wystrach increases Hexagon Purus’ control of the hydrogen systems value chain SUPPLIER ? (HexagoN Hydrogen cylinder [omms) For most hydrogen systems solutions, C4 Hexagon Purus will be able to control Ho co) ce ~90% cost' using in-house wystrachh Wystrachlh production processes and competence SIMPLI
Slide 10: Wystrach represents a step-change for Hexagon Purus
Wystrach represents a step-change for Hexagon Purus (HEXAGON PURUS (HEXAGON Wystrachli COMBINED ~~ AR (HEXAGON Wystrachli COMBINED Ax ° INCREASE JQ ‘Assuming 4oftistribution trailers
Slide 11: Hydrogen systems relevant to >70% of addressable market
Hydrogen systems are relevant to >70% of Hexagon Purus’ addressable market Hexagon Purus’ addressable hydrogen cylinder and cylinder systems revenue pool | USDbn! Bother Hydrogen systems Gibus Coy | capability is relevant for... GB Hydrogen distribution by truck DB vans, LCV and LDT 69 (I MoTs and H
Slide 12: Wystrach expands product portfolio into hydrogen refueling solutions
12 Wystrach expands Hexagon Purus’ product portfolio into hydrogen refueling solutions In October, Wystrach received orders worth c. €3.6m for mobile and stationary hydrogen refueling stations in Germany The stations will serve buses and refuse trucks with hydrogen HEXAGON PURUS
Slide 13: Continued solid momentum in the hydrogen distribution market
Continued solid momentum in the hydrogen distribution market (HEXAGON GLOBAL NUMBER OF HYDROGEN REFUELING STATIONS. 602 407 Early 2020 Late 2021 HYDROGEN DISTRIBUTION HAS BEEN THE MAIN GROWTH DRIVER FOR HEXAGON PURUS IN 2021 WITH DISTRIBUTION REVENUES INCREASING >5X YOY YEAR TO DATE 13
Slide 14: Reducing pollution in ports
Reducing pollution in Ports is an important contributor to achieving federal air quality standards, and meeting greenhouse gas Cargo transportation Drayage is an within the ports and = application that is to/from intermodal g well-suited to seaports and railyards battery and fuel are targeted in sev
Slide 15: Orders for fuel cell electric trucks in North America
Orders for fuel cell electric trucks in North America (HEXAGON Drayage trucks are Yard haulers are used for transporting used for cargo to and from transporting cargo intermodal seaports inside the ports and railyards Hexagon Purus received in October orders from a North American customer for fuel c
Slide 16: ZeroCoaster zero-emission shipping study
If Norway is to meet its 2030 emission targets, 400 zero-emission ships will be required The ZeroCoaster study aims to research and propose a Hexagon Purus will contribute with our cost competitive knowledge and expertise hydrogen value chain that in storage and distribution can support and accelera
Slide 17: Supply chain disturbances
7 Long lead times and upward price pressure on certain key cylinder and electric components, lithium- ion battery cells and production equipment Working actively to mitigate supply chain disturbances (HEXAGON PURUS
Slide 18: Financials
Slide 19: Financial highlights | Q3 2021 and LTM
19 Financial highlights | Q3 2021 and LTM Hexagon Purus e-mobility (excl. CNG LDV) i. all ar20 220 320 _ 20 [ 21 az2 32 HEXAGON PURUS
Slide 20: Revenue split by application
20 Revenue split by application Hexagon Purus e-mobility (excl. CNG LDV) Q3 2021 vs. Q3 2020 YTD 2021 vs. YTD 2020 8S 8 6 8 vehicles 8% 1% 13% 10% Heavy-duty 9 vehicles 51% 52% 1% 1% ransit bus Distribution Q3 2020 Q3 2021 YTD 2020 YTD 2021 HEXAGON PURUS Hydrogen storage systems, battery packs and E
Slide 21: Balance sheet | Q3 2021
21 Balance sheet | Q3 2021 Hexagon Purus e-mobility Assets |NOKm Equity & Liabilities | NOKm 1,894 146 275 CASH AND CASH EQUIVALENTS: NOK 717m 2,095 1,629 1,894 163 1,336 ) 31 December 2020 30 September 2021 Il Fixed assets Ill Receivables [lll Other current assets MM cash Inventory Assets held for
Slide 22: Cash flow | YTD 2021
Cash flow | YTD 2021 Hexagon Purus e-mobility NOKm r $529) 1,246 Cash outflow from operations 9 include c. NOK 143m in increase in working capital -83 a ul -43 CNG LDV (discontinued operations) drove NOK 43m of cash outflow Cash balance Cash flow from Cash flow from Cash flow from FX Discontinued Ca
Slide 23: Outlook and Q&A
Slide 24: The continuous decarbonization push drives hydrogen momentum
The continuous decarbonization push... IPCC flags “Code Red” for humanity unless radical action is taken now iB 93 countries with net- zero targets cover 78% of global GDP 5 420 GT CO, budget exhausted by 2030 unless emissions are curbed 55 countries with CO, price schemes, cover 82% of global GDP 3
Slide 25: 2021 full-year revenue expectations including Wystrach of at least c. NOK 600m
2021 full-year revenue expectations including Wystrach of at least c. NOK 600m (pro-forma) REVENUE EXPECTED TO ~350 EXCEED NOK 600M REVENUE GROWTH EXPECTED TO BE >90% Purus Est. Purus 2021 Est. Purus Est. Wystrach Est. 2021 Est. Purus 2020 revenues organic growth 2021 organic_-—« 2021 revenues_—elim
Slide 26: Q&A
Slide 27: Appendix
APPENDIX HEXAGON PURUS
Slide 28: Financial statements | P&L
28 Financial statements | P&L Hexagon Purus e-mobility (excl. CNG LDV) INCOME STATEMENT (NOK 1000) Q3 2021 Q32020 9 Months 2021 9 Months 2020 FY 2020 Revenue from contracts with customers 102.743 52.446 248 082 145 666 178 121 Other operating income 532 258 802 1399 1693 Total revenue 103 275 52704
Slide 29: Financial statements | Balance sheet & cash flow
29 Financial statements | Balance sheet & cash flow Hexagon Purus e-mobility (excl. CNG LDV) BALANCE SHEET (NOK 1000) 30.09.2021 30.09.2020* 31.12.2020 CONDENSED CASH FLOW (NOK 1000) 9 Months 2021 5 Profit before tax from continuing operations 265 643 Property, plant and equipment 130 086 108 383 76
Slide 30: Investor relations information
30 Investor relations information (@) EXCHANGE INFORMATION + TICKER SYMBOL: HPUR * ISIN: NO0010904923 + EXCHANGE: EURONEXT GROWTH OSLO EURONEXT GROWTH 2021 FINANCIAL CALENDAR 2021 2022 Q4 2021 1S-feb. @ "As of 29 October 202;? Median daily turnover from 14 December 2020to 29 October 2021 ‘SHARE TRAD