Sfc Energy Ag · XETR:F3C
Sfc Energy — Investor Presentation (November 2021)
20 slides from Sfc Energy's investor presentation, November 2021
Slide 1: SFC Energy
SFC Energy November 2021
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 IN PARTICULAR, THIS PRESENTATION MUST NOT BE PUBLISHED OR DISTRIBUTED IN THE UNITED STATES OF AMERICA (THE “UNITED STATES”), AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL.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 • 50,000+ • fuel cells sold globally • 3,600 • tons CO2 emissions saved • 6.5m kWh • environmentally friendly energy • € 46.5m • Reported sales 9M 2021 • 296 • employees of which 23% in R&D • 100+ • global sales and distribution partners • 25* • p
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: Large opportunity in fuel cell market
8 Large opportunity in fuel cell market Global fuel cells 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 mar
Slide 9: 50,000+ SFC fuel cells installed globally in various markets
9 50,000+ 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 10: SFC fuel cell technologies
10 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
Slide 11: Key benefits valued by our customers
11 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 12: SFC’s pillars for growth
12 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 13: ESG in best practice
13 ESG in best practice Environmental: clean energy everywhere Social & Governance: driving innovation EFOY / EFOY Pro EFOY Hydrogen (Methanol) (Hydrogen) 6.5m kWh environmentally friendly energy 50,000 fuel cell sold globally Global methanol fuel cells leader European Innovation Award 2021 Enabling
Slide 14: Strong YoY performance in 9M 2021
14 Strong YoY performance in 9M 2021 9M 2021- Sales 9M 2021 - EBITDA underlying update EURm % margin Clean Energy Clean Power management Clean Energy Clean Power Management 46.5 39.2 Ongoing recovery +18.5% in demand in all 16,2 targeted markets 12.5% 14,9 0,9 c. 2.5x Increase in EBITDA Strong incre
Slide 15: Proven and sustainable profitability
15 Proven and sustainable profitability Sales EBITDA underlying EBIT underlying 70 61 – 7 ~9.5% 1,5 65 (1) 7,50% 1.6 – 3.1 (a) 2,33% 58,5 5.7 – 7.3 (1) 60 6 53,2 6,2% 6,50% 1 2.6% - 4.8% 1,83% 50 5 1,33% 5,50% 5,5% 0,5 3,6 0,3 40 4 0,83% 4,50% 30 3 2,9 0,5% 3,50% 0,33% 0 20 2 2,50% -0,18% -0,5 10 1
Slide 16: Financial position
16 Financial position Net cash position Operating cash flow before working capital EURm EURm % of sales 11.4% 5,3 Cash and cash 5.8% equivalents 2,3 27,7 9M´20A 9M´21A 26,9 24,9 24,0 Cash conversion ratio(a) 31,5 32,5 29,0 25,2 6,8% n.a. (4,5) (4,8) (4,0) (1,2) 2020A Q1'21A H1'21A 9M´21A 9M´20A 9M´2
Slide 17: Working capital development and capex
17 Working capital development and capex Trade working capital Capital expenditures b) (w/o right of use) EURm EURm % of sales(a) % of sales Inventories Trade receivables Trade payables 39.4% 8.0% 30.1% 39.4% 38.0% 22,8 22,3 6.2% 4,3 17,6 20,2 3,6 14,8 15,4 13,7 12,4 5.5% 2,4 12,0 12,6 13,3 13,8 (4,
Slide 18: SFC’s share summary
18 SFC’s share summary Share price performance and trading volume Share price information (EUR) Share price data (September 30, Stock performance (September € 35 400.000 ´21) 30, ´21) € 30 350.000 52 Wk H (Sept. 09, 21) 31.75 Current stock price 28.25 300.000 € 25 52 Wk L (Oct. 28, 20) 12.18 250.000
Slide 19: 2025 – SFC is accelerating!
19 2025 – SFC is accelerating! Mid-term strategic base plan Annual base sales Underlying EBITDA margin EUR 350-400m 15-20% 5,5% EUR 53,2m 2020A 2025 2020A 2025 19
Slide 20: Contact
20 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 20