Slide 1: Kempower Q2 2022 results
Kempower Q2 2022 results 11 August 2022
Slide 2: Q2/2022: Strong demand for Kempower charging solutions continued
Q2/2022: Strong demand for Kempower charging solutions continued Tomi Ristimäki Jukka Kainulainen Tommi Liuska Jussi Vanhanen Chief Executive Officer Chief Financial Officer Chief Sales Officer Chief Market Officer
Slide 3: Disclaimer
Disclaimer IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Kempower Corporation (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the
Slide 4: Kempower charging in numbers
Kempower charging in numbers 30 988 286* 154 941 430* 1 581 001* delivered kWh kilometers driven by Kempower charging our charging sessions = = 10 000 3 866 x Electricity of UK homes per around the world year +75% +81% Growth from H221 to H122 Growth from H221 to H122 *since June 2019, Kempower Char
Slide 5: Q2 2022 key highlights
Q2 2022 key highlights Quarterly performance 62.4 strong million EUR Order backlog in 30 June 2022 Updated growth strategy regarding USA 225% YoY growth in revenue Q2 2022 Both existing and new customer base has grown in all regions 21.6 million EUR Revenue in Q2 2022 Capacity expansion, all product
Slide 6: Growth strategy execution during Q2
Growth strategy execution during Q2 Regional expansion • 8 subsidiaries in Norway, Sweden, UK, Germany, Netherlands, France, Italy and Spain • USA entry by the end of 2023 Customer contracts • ZEF Energy and GreenCore in the US • Mer Norway • Swerock and Volvo trucks
Slide 7: Growth strategy execution during Q2
Growth strategy execution during Q2 Capacity expansion • All assembly lines in the new factory up and running • 124 people recruited in first the half of the year Product launch highlights • Liquid cooled charging satellite for truck charging • Adaptive voltage charging solution for faster charging
Slide 8: Sustainability at the core of our business
Sustainability at the core of our business Mobility emissions 86 %* cut in traffic Applying to Green Equity from Nasdaq eNPS 80 in H1 2022 * based on the data provided by The Finnish Transport and Communications Agency Traficom
Slide 9: Europe private car registrations in 2021
Europe private car registrations in 2021 Norway Iceland Sweden Netherlands Switzerland Finland Denmark Germany Portugal Luxembourg Belgium United Kingdom France Austria Malta Ireland Hungary Spain Italy Slovenia Romania Latvia Bulgaria Kempower current focus area Greece Plug-in hybrid electric vehic
Slide 10: Kempower customer groups
Kempower customer groups Charger location Kempower desired positions Globally managed Bus and truck operators Locally managed En-route & overnight Original equipment charging manufacturers (OEM) Device manufacturer and system supplier Various locations Device manufacturer and Retail chains component
Slide 11: Product releases: CPOs and retail chains
Product releases: CPOs and retail chains Kempower ChargEye Adaptive voltage up to for CPOs 1000V • 95% cars with 500V • For example Hyundai and Kia with 800V for faster charging • Bus and trucks with 800V • By 2025 majority of new cars are made with 800V
Slide 12: Product releases: Bus and truck operators
Product releases: Bus and truck operators Kempower Liquid cooled Depot offering ChargEye for Depots satellite system pantograph system 400 kW for trucks
Slide 13: Blue-chips in all customer groups
Blue-chips in all customer groups CPOs and Bus and truck OEMs Distributor and retail chain operators installer network • S Group • Nobina • Normet • Minusines S.A. • Recharge Infra • VY buss • Epiroc • Vital EV Solutions • Osprey Charging • Koiviston Auto • Gilbarco Veeder-Root • Wennström • Vattenf
Slide 14: EV fast-charging systems to Power Dot
Case charging point operators (CPOs) and retail chains EV fast-charging systems to Power Dot • Kempower delivers EV fast-charging systems to Power Dot, a Portuguese EV charging operator • The EV charging systems will be deployed in France, Spain, Poland and Portugal. • The delivery of the fast-charg
Slide 15: EV fast-charging systems to GreenCore; collaboration with ZEF Energy
Case charging point operators (CPOs) and retail chains EV fast-charging systems to GreenCore in the US • The delivery, including Kempower’s S- and C-Series systems, will take place in 2022-2023. • GreenCore is planning to build an extensive EV charging network across the US in the next 10 years. At
Slide 16: Fast charging technology to MINUSINES S.A.
Case bus and truck operators Fast charging technology to MINUSINES S.A. for electric bus depots in Luxembourg • Kempower will deliver DC fast charging technology to MINUSINES S.A. for several electric bus depots in Luxembourg. The value of the order is over EUR 2 .5 million. • The delivery includes
Slide 17: Sales teams in different regions
Sales teams in different regions North North East America North West Central Europe Sales, Marketing & Service South West & New Global Sales, Marketing & Service 1. At the end of Q2 Kempower had 76 people working in sales and marketing covering five (5) different regions and global 2. Kempower’s ser
Slide 18: Financial Review
Financial Review
Slide 19: IFRS transition
IFRS transition • Kempower’s Half Year Financial Report 2022 was the first report in accordance with the IFRS standards • We expect the adoption of IFRS to increase comparability of the financials and increase the interest for the company among international investors. • The most significant impacts
Slide 20: Key figures during the review period, IFRS
Key figures during the review period, IFRS MEUR Q2/2022 Q2/2021 H1/2022 H1/2021 2021 Comments Orderbacklog 62.4 14.9 62.4 14.9 13.7 • Record high order backlog and order intake Order intake 55.0 11.6 81.9 20.1 37.4 • Gross Margin 45 % in Q2. Revenue 21.6 6.7 33.2 9.0 27.4 Revenue growth % 225 % 1175
Slide 21: Half-year 2022 revenue higher than the full year 2021
Half-year 2022 revenue higher than the full year 2021 Comments Revenue breakdown by geography m€ 0.9 • Q2 2022 / H1 2022 revenue EUR 21.6 million / EUR 33.2 million 0.2 11.6 4.1 • H1 2022 revenue exceeds whole year 2021 revenue 33.2 • Q2 2022 revenue grew 225% 27.4 year-on-year and in Rest of 23.1 E
Slide 22: Scaling up organization to enable growth
Scaling up organization to enable growth Headcount, at the end of the period Headcount by functions, at the end of the period 300 260 250 27 21 61 200 136 150 7 233 100 38 260 17 129 102 50 5 1 1 37 5 16 0 2018 2019 2020 2021 H1/2022 76 Finland Outside Finland Admin Operations Sales and marketing R&
Slide 23: Record high order intake and order backlog
Record high order intake and order backlog Order intake m€ Comments 81.9 Q2: • Order intake growth 55.0 driven by all regions 37.4 • H1 2022 order intake more than doubled 0.0 0.5 7.1 when comparing full 2018 2019 2020 2021 H1/2022 year 2021 Order backlog m€ • At the end of the Q2 of 2022 order back
Slide 24: Gross Margin and operating cash flow trend
Gross Margin and operating cash flow trend Gross Margin m€, % Comments 15.3 /46% • Q2 2022 Gross Margin 45% 12.9 Q2: /47% +9.8/45% • Possible increases in material and component prices to be mitigated 0.0 /94% 0.2 /69% 1.8 /54% • In H1 2022 operating cash 2018 2019 2020 2021* H1/2022* flow impacted
Slide 25: Kempower's financial targets and short-term outlook
Kempower’s financial targets and short-term outlook Financial targets Short-term outlook refined • Kempower anticipates continued good • EUR 200m revenue in the medium term in Growth demand and favorable market development (between 2025-2027) for the products it offers. • Kempower do not expect mate
Slide 26: Q&A
Q&A
Slide 27: Appendix
Appendix
Slide 28: IFRS transition and most significant impacts on 2021 financials
IFRS transition and most significant impacts on 2021 financials MEUR Leases /IFRS 16 Financial instruments /IFRS 9 Revenue Other operating income Materials and services Employee benefits • As a result of the IFRS 16 standard, all Depreciation, amortization and impairment losses -0.8 essential lease
Slide 29: Thank You.
Thank You.