Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Q4 2022 Earnings Presentation
22 slides from Fusion Fuel Green's earnings presentation, Feb 28, 2023
Slide 1: Q4 2022 Presentation
ALL RIG HT S BELONG TO FUSION - FUEL Q4 2022 PRESENTATION
Slide 2: Safe Harbor Statement
ALL RIG HT S BELONG TO FUSION - FUEL 2 SAFE HARBOR STATEMENT This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (the “Company”) . Such statements are “forward looking statements” within the meaning of the “safe harbor” provision
Slide 3: Agenda
ALL RIG HT S BELONG TO FUSION - FUEL ▪ Focus on Fusion ▪ Q4 Financials & Highlights ▪ Tech Update ▪ Commercial Strategy Update ▪ 2023 Milestones ▪ Q&A AGENDA
Slide 4: Focus on Fusion
ALL RIG HT S BELONG TO FUSION - FUEL 01 – FOCUS ON FUSION
Slide 5: Transformative Technology and Competitive Levelized Cost of Hydrogen
ALL RIG HT S BELONG TO FUSION - FUEL Transformative Technology Powered by a proprietary miniaturized PEM electrolyzer Modularity unlocks economies of scale in manufacturing Patented technology with verified performance Deployment not reliant on costly infrastructure buildout Highly Competitive Level
Slide 6: Q4 Highlights & Financial Review
ALL RIG HT S BELONG TO FUSION - FUEL 02 – Q4 HIGHLIGHTS & FINANCIAL REVIEW
Slide 7: Key Developments
ALL RIG HT S BELONG TO FUSION - FUEL Key Developments ▪ Announcement of € 5 m contingent technology sale contract for a 3 . 2 MW green hydrogen project in Spain ▪ Announcement of € 2 m technology sale contract with KEME Energy for a green hydrogen project in Portugal ▪ Announcement of an agreement w
Slide 8: Key Financials & Figures
ALL RIG HT S BELONG TO FUSION - FUEL KEY FINANCIALS & FIGURES (€000’s) (Unaudited) Q4 2022 Q3 2022 o/w share - based payment (non - cash) expenses 1 (854) (878) o/w cost of goods sold 2 (5,847) (1,172) o/w operating expenses 3 (6,946) (4,690) o/w onerous provisions 2 709 (709) OPERATING (LOSS) INCOM
Slide 9: Key Financials & Figures
ALL RIG HT S BELONG TO FUSION - FUEL KEY FINANCIALS & FIGURES (€000’s) (Unaudited) Q4 2022 Q3 2022 Property, plant and equipment 1 29,245 28,267 Intangible assets 2 5,317 5,281 TOTAL NON - CURRENT ASSETS 34,562 33,548 Prepayments and other receivables 3 5,108 4,299 Inventory 4 10,944 12,053 VAT rece
Slide 10: At the Market Issuance Sales Agreement
ALL RIG HT S BELONG TO FUSION - FUEL 1 On June 6, 2022, we entered into an At the Market Issuance Sales Agreement (“the ATM”) with B. Riley Securities, Inc., Fearnley Sec urities Inc., and H.C. Wainwright & Co., LLC, pursuant to which the Company may offer and sell, from time to time, through or to
Slide 11: Grant Request Update
ALL RIG HT S BELONG TO FUSION - FUEL GRANT REQUEST UPDATE – SUBSEQUENT TO DECEMBER 31, 2022 (€000’s) (Unaudited) GRANT INCOME TOTAL ESTIMATED TOTAL APPROVED TOTAL INVOICED (TO DATE) POSEUR – HEVO - Sul 1 4,291 4,291 2,646 AICEP – Benavente (Cash portion only) 2 4,420 4,420 814 C - 14 – HEVO - Indust
Slide 12: Technology Update
ALL RIG HT S BELONG TO FUSION - FUEL 03 – TECHNOLOGY UPDATE
Slide 13: HEVO Mini PEM Architecture – A Unique Differentiator
ALL RIGHTS BELONG TO FUSION - FUEL 13 x Membrane design requires less current for the same amount of power , optimizing electrical systems and enabling significant cost reductions x Proprietary electrochemical cell design of individual cells improves long - term performance by protecting against sys
Slide 14: Focused Product Offering
ALL RIGHTS BELONG TO FUSION - FUEL 14 Focused product offering – HEVO - Solar and HEVO - Chain are complementary products that position us to design and deliver solutions for varying project sizes and location Integrated solar - to - hydrogen generator Modular centralized PEM electrolyzer Superior S
Slide 15: 2023-2025 Business Plan
ALL RIG HT S BELONG TO FUSION - FUEL 04 – 2023 - 2025 BUSINESS PLAN
Slide 16: Pure-Play Hydrogen Solutions Company
ALL RIGHTS BELONG TO FUSION - FUEL 16 Pure - play hydrogen solutions comp any focusing on projects in Europe and North America Producing proprietary HEVO miniaturized PEM electrolyzer at scale at manufacturing facility in Benavente , Portugal ▪ The HEVO - Solar, an integrated solar - to - hydrogen s
Slide 17: 2023 Orders and Technology Sales Pipeline
ALL RIGHTS BELONG TO FUSION - FUEL 2023 orders are focused around five projects, of which four are already contracted. All five projects will use the HEVO - Solar solution The HEVO - Chain is expected to be an industry leading solution for projects under 10 MW. We expect to deploy this solution in 2
Slide 18: Project Development Pipeline
ALL RIG HT S BELONG TO FUSION - FUEL 18 Maximizing shareholder value through our development pipeline while installing HEVO technology at numerous projects. Executin g t he development portfolio will require third party partnerships and capital to reach commercial operations Our Project Development
Slide 19: Outlook Guidance
ALL RIG HT S BELONG TO FUSION - FUEL 19 Outlook Guidance MWs sold 11 70 150 2023 2024 2025 Revenues Gross margin Production Capacity SG&A Net Income / (Loss) €25m <10% €17m (€15m) 50 MW 25 - 35% €18 - 20m p.a. Projections are based on the financial and business model of Fusion Fuel, constitute “forw
Slide 20: 2023 Milestones
ALL RIG HT S BELONG TO FUSION - FUEL 05 – 2023 MILESTONES
Slide 21: Five Key Milestones for 2023
ALL RIG HT S BELONG TO FUSION - FUEL 21 2 – 3 – 1 – 4 – SALES & GRANTS o 2023 revenue target contracted o 2024 pipeline with confirmed orders x Secure grants for company - owned plants and for third - party projects TECH DEVELOPMENT o Finalize trials and development of HEVO - Chain ▪ Introduce O 2 C
Slide 22: Q&A
Q&A