Alfen Nv · EURONEXT:ALFEN
Alfen Nv — H1 2020 Earnings Presentation
20 slides from Alfen Nv's earnings presentation, Aug 26, 2020
Slide 1: Alfen H1 2020 results
Alfen H1 2020 results Webcast 26 August 2020 1
Slide 2: Disclaimer
Disclaimer This communication may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward- looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expec
Slide 3: COVID-19 update
• To cope with COVID-19, Alfen implemented additional safety measures to continue safe and responsible operations • Limited interruptions of the business up to this point COVID-19 update • Order intake in Q2 2020 was reasonably strong with no cancelled orders, the supply chain kept functioning and p
Slide 4: Key highlights of the first half-year
Key highlights of the first half-year H1 2020 revenues of €90.3m, a growth of 47% versus H1 2019 (€61.6m), driven by strong growth across all business lines: Smart grids (+23%), EV charging (+154%) and Energy storage (+67%) Strong increase in profitability: adjusted EBITDA grew with 107% to €10.0m (
Slide 5: H1 2020 in summary
1 H1 2020 in summary 2 Progress against strategy 3 Financials and outlook 5
Slide 6: Strong revenue growth of 47% compared with H1 2019
Strong revenue growth of 47% compared with H1 2019 Revenue and other income Smart grids (€ million) • Continued to benefit from grid investments, investments related to solar PV and revenues from service • COVID-19 had limited effect on Smart grids in the first half-year as Alfen experienced a conti
Slide 7: Strong increase in profitability driven by revenue growth and operational leverage
Strong increase in profitability driven by revenue growth and operational leverage Adjusted EBITDA (€ million and as % of revenues) +107% 10.0 The adjusted EBITDA margin improvement is a result of strong revenue growth and operational leverage. The latter through leveraging the fixed cost base such
Slide 8: Continued investments in innovation
Continued investments in innovation Selected examples of recent innovations Direct payment functionality for Dedicated substation for onshore EV charge points in Germany wind installations Innovation • Developed direct payment functionality for Alfen charge • Alfen Elkamo developed a 36kV substation
Slide 9: Commercial successes in H1 2020
Commercial successes in H1 2020 Selected examples of new business Smart grids EV charging Energy storage A contract with transport service A service contract with Goldbeck Supplying the Dutch provinces provider Vlot Smart Solutions to VLOT to provide service & Noord-Brabant and Limburg supply 2 mobi
Slide 10: Progress against strategy
1 H1 2020 in summary 2 Progress against strategy 3 Financials and outlook 10
Slide 11: Four levers of growth
Four levers of growth Benefitting from strong market growth trends and further grow Market growth market share Significant internationalisation opportunity, further strengthening Internationalisation position in existing countries and entering new countries Expanding existing service offering and be
Slide 12: Benefitting from fast growing market segments
Market growth Benefitting from fast growing market segments Smart grids EV charging Energy storage Substation investments Dutch top-3 DSOs1 Annual new charge points in Europe3 Annual new battery energy storage capacity in (# of new substations) (# of charging points in thousands) Europe, excluding r
Slide 13: Further expanded footprint
Internationalisation Further expanded footprint 2019 2018 2018 Alfen revenues outside the Netherlands (€ million) CAGR +90% 26.3 2014 19.4 0.0 Rest of world 1937 0.7 3.9 8.7 26.3 Other Europe 2020 4.0 18.7 2007 3.6 0.3 4.7 2014 H1 2017 H1 2018 H1 2019 H1 2020 Internationalisation strategy 2018 Smart
Slide 14: Service benefits from growing installed base
Service & maintenance Service benefits from growing installed base International and dedicated service propositions for all its business lines Increasingly benefitting from the growing installed base of Alfen’s smart energy solutions International service partners to support EV charging customers in
Slide 15: Benefitting from cross-sell and integrated solutions
Cross-selling Benefitting from cross-sell and integrated solutions Cross-sell example | Integrated solutions example | Smart grids: Alfen selected to deliver grid connections for Shell’s ultrafast EV charging network across the Smart grids: Alfen selected by Greenchoice to develop Netherlands. Throu
Slide 16: Financials and outlook
1 H1 2020 in summary 2 Progress against strategy 3 Financials and outlook 16
Slide 17: Financials | Income statement
Financials | Income statement In € ‘000 H1 2020 H1 2019 Revenue and other income 90,327 61,571 • Revenue growth driven by strong market growth, further bolstered by Smart grids 57,832 47,162 internationalisation, cross-selling and service EV charging 24,681 9,721 • Compared to Q1 2020, the gross mar
Slide 18: Financials | Balance sheet
Financials | Balance sheet In € ‘000 30 June 20201 31 Dec 2019 Non-current assets 32,321 27,732 • Capex amounted to €4.9m as compared to €3.2m in the same period of Current assets (excl. cash) 66,465 48,762 2019. Capex in H1 2020 includes investments in new moulds for Smart grids as well as investme
Slide 19: Outlook | Well prepared for further growth in the second half-year and beyond
Outlook | Well prepared for further growth in the second half-year and beyond Alfen anticipates positive market developments in all its business lines • The markets for Smart grid solutions and EV charging are expected to remain strong. The latter also further bolstered by the EV incentive packages
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