Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Q1 2023 Earnings Presentation
11 slides from Alfen Nv's earnings presentation, May 17, 2023
Slide 1: Alfen 2023 Q1 trading update
Alfen 2023 Q1 trading update Webcast 17 May 2023 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, expect
Slide 3: Alfen's highlights of Q1 2023
Alfen’s highlights of Q1 2023 • Q1 2023 revenues amounted to €113.2m, a 19% growth versus Q1 2022 (€95.5m). This growth was driven by its Energy storage systems (+285%) and Smart grid solutions businesses (+22%). The European EV charging market is still hampered by destocking in the distribution cha
Slide 4: Segmental review | EV charging equipment
Segmental review | EV charging equipment • In the EV charging equipment business line, Q1 revenues were €47.0m (-14% from Revenues and other income €54.9m in Q1 2022). (€ million) • Note that Q1 2022 was an extraordinary quarter with extremely high demand for charge -14% points as COVID-19 mobility
Slide 5: Segmental review | Smart grid solutions
Segmental review | Smart grid solutions Revenues and other income (€ million) • In the Smart grid solutions business line, Q1 revenues were €41.7m (+22% from €34.3m in Q1 2022). +22% • Both the grid operator and the private networks businesses contributed to revenue 41.7 growth. 34.3 • Alfen continu
Slide 6: Segmental review | Energy storage systems
Segmental review | Energy storage systems Revenues and other income (€ million) +285% 24.5 • In the Energy storage systems business line, Q1 revenues were €24.5m (+285% from €6.4m in Q1 2022). This increase in revenues was driven by both our stationary application (“TheBattery Elements”) and our mob
Slide 7: Three market developments to call out
Loyal 98% % of top 50 customers within EV charging that customers ordered in past 6 months Three market • Alfen is in the final stages with Stedin, the 3rd developments Multi-year largest grid operator in the Netherlands, to sign a multi-year framework contract tender to be to call out awarded • 4-y
Slide 8: Group financials
Group financials Revenues Y-o-y revenue growth • Q1 2023 revenues amounted to €113.2m, a 19% (€ million) (%) growth versus Q1 2022 (€95.5m). This growth was 123.2 103% driven by its Energy storage systems (+285%) and 110.0 111.1 113.2 95.5 77% 79% Smart grid solutions businesses (+22%). EV 51% charg
Slide 9: We adopted new medium-term objectives
We adopted new Revenue of >1B€ medium-term objectives 15 - 20% adjusted EBITDA margin At our CMD on May 10, Alfen Qualitative objectives to achieve/maintain presented its new medium- term financial objectives to I Outperform the market in each of our business lines achieve between 2025-2027 II Adopt
Slide 10: Outlook
Outlook • The transition to a carbon-free energy system that is not dependent on fossil fuels is building ever more momentum across Europe. • The energy transition is a priority for the European Union, reflected in stimulative policy towards 2030. • Alfen continues to anticipate long-term positive m
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