Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Q3 2023 Earnings Presentation
20 slides from Fusion Fuel Green's earnings presentation, Dec 4, 2023
Slide 1: 3Q 2023 Presentation
ALL RIG HT S BELONG TO FUSION - FUEL 3Q 2023 PRESENTATION
Slide 2: Disclaimer
ALL RIG HT S BELONG TO FUSION - FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (t he “Company”). Such statements are “forward looking statements” within the meaning of the “safe harbor” provisions of the Un
Slide 3: Agenda
ALL RIG HT S BELONG TO FUSION - FUEL ▪ Focus on Fusion ▪ Industry POV ▪ Q3 Financials & Highlights ▪ Business Update ▪ 2023 Milestones and Priorities ▪ Q&A AGENDA
Slide 4: Focus on Fusion
ALL RIG HT S BELONG TO FUSION - FUEL 01 – FOCUS ON FUSION
Slide 5: Unique offering based on patented micro-electrolyzer
ALL RIG HT S BELONG TO FUSION - FUEL 5 Unique offering based on patented micro - electrolyzer De - risked near - term project pipeline Differentiated strategy of tech sales and project development Significant growth potential ▪ Modular PEM architecture unlocks cost advantage at small - to - midscale
Slide 6: Industry POV: green hydrogen sector facing macro headwinds
ALL RIG HT S BELONG TO FUSION - FUEL 6 01 – INDUSTRY POV The green hydrogen sector is facing significant macro - headwinds… ▪ Continued levelized cost premium for green hydrogen vs. grey ▪ Developers are struggling to secure offtake agreements due to cost gap ▪ Lack of confidence in timely availabil
Slide 7: Q3 Financials & Highlights
ALL RIG HT S BELONG TO FUSION - FUEL 02 – Q3 FINANCIALS & HIGHLIGHTS
Slide 8: Third Quarter Highlights: Key Developments
ALL RIG HT S BELONG TO FUSION - FUEL Key Developments ▪ Announced long - term green hydrogen supply contract with a Spanish industrial group ▪ Strategic partnership with Duferco Energia covering Italy, starting with a 1 MW HEVO - Chain Series NC project ▪ In negotiations with BGR Energy to install
Slide 9: Key Financial Results / Metrics
ALL RIG HT S BELONG TO FUSION - FUEL 2Q 2023 3Q 2023 K ey Financial Results / Metrics (€’000) Profit/loss (0.6) 2,507 Revenues (6,178) (3,178) Cost of goods sold (5,044) (4,682) SG&A (12,218) (4,043) Pre - tax loss Balance sheet 33,939 36,760 Non - current assets 3,085 1,025 Cash balance 19,292 11,9
Slide 10: Financial Data (Unaudited)
ALL RIG HT S BELONG TO FUSION - FUEL 10 02 – FINANCIAL DATA (UNAUDITED) 1 2023 projects also include some installation and commissioning charges, as well and engineering services rendered. The final sp lit may vary as some projects are still underway. Project sales tend to include a full turnkey sol
Slide 11: Business Update
ALL RIG HT S BELONG TO FUSION - FUEL 03 – BUSINESS UPDATE
Slide 12: Green Hydrogen in Action
ALL RIG HT S BELONG TO FUSION - FUEL 12 Exolum Green Hydrogen Plant Green Hydrogen Plant Live in Spain Evora Green Hydrogen Plant First Green Hydrogen Plant Live in Portugal Benavente Production Facility First Electrolyzer Factory in Southern Europe Fusion Fuel Laboratory Designing Leading - Edge PE
Slide 13: Fusion Fuel Green Hydrogen Expertise
ALL RIG HT S BELONG TO FUSION - FUEL 13 03 – FUSION FUEL GREEN HYDROGEN EXPERTISE ▪ Engineering team has fully designed more than 10 green h ydrogen plants in Portugal and Spain . ▪ Engaged in ATEX, QRA & HAZOP studies, licensing, design audits, installation and commissioning of turnkey plants, in s
Slide 14: Fusion Fuel Green Hydrogen Expertise: Plant Designs
ALL RIG HT S BELONG TO FUSION - FUEL 14 03 – FUSION FUEL GREEN HYDROGEN EXPERTISE 1 MW Plant* 3 MW Plant* 5 MW Plant* ▪ Fusion Fuel ’ s Engineering team has fully designed more than 10 green h ydrogen plants, both for own projects and for clients . This includes the electrolyzer system as well as th
Slide 15: 300 kW HEVO-Chain Project in Spain
ALL RIG HT S BELONG TO FUSION - FUEL 15 03 – 300 kW HEVO - CHAIN PROJECT IN SPAIN ▪ Client : a global leader in sustainable building solutions ▪ 300 kW HEVO - Chain Series NC electrolyzer and associated Balance of Plant equipment . ▪ HEVO - Chain technology, with modular 20 kW Cubes to create a cust
Slide 16: 1.25 MW HEVO-Chain Projects in Portugal
ALL RIG HT S BELONG TO FUSION - FUEL 16 ▪ Secured two contracts in Portugal for 1 . 25 MW electrolyzer systems and full plant design, engineering and balance of plant supply . ▪ Projects will use HEVO - Chain systems, with new modular building blocks – “Cabinets” – as their electrolyzer stack . ▪ Th
Slide 17: Technology Sales Pipeline & 2024 Execution Plan
ALL RIG HT S BELONG TO FUSION - FUEL 17 1 Including BoP & Engineering for 5 of the 6 projects; also includes Exolum project as final payment tranche is still outstanding 2 Refers to Sines I, a project SPV owned by Fusion Fuel in sale negotiation ACTIVE PROPOSALS ~162 MW ~ € 172m 45 proposals submitt
Slide 18: 2023 Milestones
ALL RIG HT S BELONG TO FUSION - FUEL 04 – 2023 MILESTONES
Slide 19: 2023 Milestones and Priorities
ALL RIG HT S BELONG TO FUSION - FUEL 19 1. Commence commercial activities in Northern Europe ▪ Submitted first HEVO - Chain offers to prospective clients in Northern Europe during the third quarter 2. Strengthen balance sheet and capital position ▪ Entered into a strategic tranched financing agreeme
Slide 20: Q&A
ALL RIG HT S BELONG TO FUSION - FUEL Q&A