Slide 1: Kempower Financial Statements 2023
Kempower Financial Statements 2023
Slide 2: Q4/2023: Outstanding year 2023
Q4/2023: Outstanding year 2023 Tomi Ristimäki Jukka Kainulainen Chief Executive Officer Chief Financial 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: Quarter in brief
Quarter in brief • Financial Performance – Record high revenue, good order intake and strong gross profit margin, driven by successful increase in production capacity and improved sales mix. Operative EBIT negatively affected by increased fixed costs. • Market Trends – Few bottlenecks in demand as w
Slide 5: Customer highlights
Customer highlights Kempower to deliver fast charging solutions to St1 which is one of the largest energy companies in Northern Europe. Kempower provides fast charging technology to Sainsbury’s new Smart Charge EV charging business in the UK. Kempower delivered fast charging technology to Malta’s fi
Slide 6: Production started in North America
Production started in North America Kempower received the Electrical Testing Laboratories (ETL) certification for the production. First products from North Carolina production site shipped to customers. Growing demand and trust towards Kempower brand. Positive sales pipeline development.
Slide 7: We continue to expand our production
We continue to expand our production We produced around 5,000 charging points in Q4 of 2023. The electricity charged through Kempower chargers in Q4 of 2023 was 70 000 MWh (30 000). We have now successfully ramped-up production facilities in two continents. Third production facility in Lahti to be o
Slide 8: Important milestones in RDI and Technology
Important milestones in RDI and Technology NACS charging standard available to all Kempower charging solutions in North America in Q1 of 2024. Kempower Megawatt Charging Program for electric trucks and electric vehicles using power above one megawatt. Kempower’s next generation fast- charging platfo
Slide 9: Our growth strategy
Our growth strategy
Slide 10: Dedicated and reliable EV charging solution partner
Dedicated and reliable EV charging solution partner Top 5 Player In Europe And North America By 2030 Europe North America Rest of the World Top position in the Nordics Rapidly growing market, Business development stage and increasing market entry in 2023 to screen key markets* share in the Rest of E
Slide 11: Our global presence
Our global presence Revenue, % from outside of Nordics 63% Production and office Office Kempower charging solutions delivered to the country
Slide 12: Market outlook unchanged
Market outlook unchanged EUR 14 billion DC charging market in 2030 Europe North America EUR 7.6 billion EUR 6.5 billion Source: : Kempower market research, ACEA European EV Charging Infrastructure Masterplan March 2022 North America = the US and Canada
Slide 13: Robust solution pipeline released as planned
Robust solution pipeline released as planned Megawatt Charging Silicon Carbide Plug & Charge Eichrecht system semiconductors Q2/2023 Q2/2023 Q4/2023 Q1/2024 Kempower launches new Kempower secures Kempower introduces Kempower introduces next Plug and Charge solution to Eichrecht certification, Megawa
Slide 14: Sustainability
Sustainability • Kempower further committed to sustainable business practices by officially joining the United Nations (UN) Global Compact initiative. • We have refined our ESG strategy based on double materiality assessment and preparations for the official CSRD reporting for 2024 are ongoing. • Av
Slide 15: Financial Review
Financial Review
Slide 16: Key figures
Key figures during the review period, IFRS EUR million Q4/2023 Q4/2022 H2/2023 H2/2022 2023 2022 Comments Order backlog 110.6 118.9 110.6 118.9 110.6 118.9 • Record high Revenue in Q4/2023. Order intake 66.7 61.7 127.6 127.0 275.3 208.9 • Operative EBIT margin, % on good level Revenue 82.8 37.8 155.
Slide 17: Order Intake on a Q4 on good level
Order Intake on a Q4 on good level Order intake (EUR million) Order backlog (EUR million) Comments • In Q4/2023 order intake affected by 118.9 customers’ high inventory levels, 86.3 110.6 lower investment activity due to delays in grid connection availability 65.4 66.7 and launch of next generation
Slide 18: A record high revenue in Q4 and good revenue growth in North America
A record high revenue in Q4 and good revenue growth in North America Revenue by geographical area (EUR million) Comments 2023: 283.6 82.8 5.4 • In 2023 revenue growth +174% and 2.3 Q4/2023 revenue growth +119%. 72.5 72.6 0.9 3.3 3.8 • In Q4/2023 strong revenue growth in 3.1 Rest of Europe (+170%)and
Slide 19: Profitable growth continued
Profitable growth continued Operative EBIT (EUR million) Operating cash flow (EUR million) Comments 14.4 13.9 19% 19% • Operative EBIT margin, % on good level and below previous quarters as expected due to increased fixed costs, additional provisions and 20.5 additional costs from North America 6.9
Slide 20: Kempower's outlook for 2024
Kempower’s outlook for 2024 Kempower remains committed to strive for rapid and profitable growth. Kempower expects: • 2024 revenue; between EUR 360 million and EUR 410 million, assuming no major impact from foreign currency exchange rates (revenue 2023: EUR 283,6 million), • 2024 operative EBIT marg
Slide 21: Kempower's financial targets
Kempower’s financial targets Financial targets Revenue of EUR 750 million in the medium term Growth (years 2026-2028) Operative EBIT margin of 10 percent to 15 percent reached Profitability in the medium term (years 2026-2028) and operative EBIT margin of at least 15 percent in the long term Dividen
Slide 22: Q&A
Q&A