Fusion Fuel Green Plc · NASDAQ:HTOO
Fusion Fuel Green — Q1 2022 Earnings Presentation
27 slides from Fusion Fuel Green's earnings presentation, May 26, 2022
Slide 1: Q1 2022 Presentation
Q1 2022 Presentation 24 May 2022
Slide 2: Disclaimer
ALL RIGHTS 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 Unit
Slide 3: Agenda
ALL RIGHTS BELONG TO FUSION - FUEL AGENDA ▪ Focus on Fusion ▪ Q1 Financials & Highlights ▪ Key Markets, Projects Contracted & Grants ▪ Production & Tech ▪ Team ▪ Chairman’s Remarks ▪ Q&A
Slide 4: Focus on Fusion
ALL RIGHTS BELONG TO FUSION - FUEL 01 – FOCUS ON FUSION
Slide 5: Focus on Fusion: Massive Addressable Market
ALL RIGHTS BELONG TO FUSION - FUEL 01 – FOCUS ON FUSION Massive Addressable Market Potential green H 2 production TAM of $250 billion by 2025; $1.2 trillion by 2050 Grid - Independent Solution Integrated solar - to - hydrogen technology unlocks grid - independence Cost Leadership Patented technology
Slide 6: Green hydrogen cost comparison (levelized cost)
ALL RIGHTS BELONG TO FUSION - FUEL $0.32 € 0.30 € 3.83 € 3.33 € 2.99 € 2.67 €.64 € 0.40 € 0.35 € 0.29 $0.50 € 3.66 $0.45 € 0.42 $0.45 € 0.42 $0.45 € 0.42 $2.35 € 5.39 €4.47 €3.73 € 3.34 € 2.96 Grey US Grey EU Green US Green EU Current FFG Benevente Gen 3 Gen 4 Source: Fusion Fuel January 2021 Invest
Slide 7: Q1 Highlights & Financial Review
ALL RIGHTS BELONG TO FUSION - FUEL 02 – Q1 HIGHLIGHTS & FINANCIAL REVIEW
Slide 8: Q1 Highlights
ALL RIGHTS BELONG TO FUSION - FUEL 02 – Q1 HIGHLIGHTS Key Developments ▪ Zachary Steele and Frederico Figueira de Chaves appointed as Co - Heads of Fusion Fuel ▪ Zachary Steele and Jason Baran a ppointed as Co - Presidents of Fusion Fuel Americas and members of the Executive Committee ▪ Confirmed te
Slide 9: Key Financials & Figures (€000's)
ALL RIGHTS BELONG TO FUSION - FUEL KEY FINANCIALS & FIGURES (€000’S) (Unaudited) Q1 2022 Q4 2021 o/w share - based payment (non - cash) expenses 1 (802) 14,765 o/w operating expenses 2 (3,037) (3,654) OPERATING (LOSS) INCOME (3,839) 11,111 o/w fair value movement – warrants 3 (4,714) 13,089 o/w fina
Slide 10: Financial Data (Unaudited)
ALL RIGHTS BELONG TO FUSION - FUEL 02 – FINANCIAL DATA (UNAUDITED) 1 During Q1 2022, the Company issued 2,128,554 options to members of its executive committee and to all non - executive directors. These options were all issued under the 2021 Equity Incentive Plan, which commenced during Q3 2021 and
Slide 11: Key Markets, Projects Contracted & Grants
ALL RIGHTS BELONG TO FUSION - FUEL 03 – KEY MARKETS, PROJECTS CONTRACTED & GRANTS
Slide 12: H2 Value Chain and Key Market Segments
ALL RIGHTS BELONG TO FUSION - FUEL 03 – H 2 VALUE CHAIN AND KEY MARKET SEGMENTS Mobility Natural Gas Blending Green Ammonia, Methanol, eFuels Industrial Applications H 2 Storage & Compression HEVO Micro - electrolyzer HEVO - Solar Green H 2 Plant Fusion Fuel is unique in the market due to its abilit
Slide 13: Commercial Pipeline
ALL RIGHTS BELONG TO FUSION - FUEL 03 – COMMERCIAL PIPELINE Announced Project Pipeline Active Development Fusion Fuel’s proprietary technology is gaining early market momentum with a robust commercial opportunity pipeline including prospective technology sales and company - owned projects across var
Slide 14: Active Development
ALL RIGHTS BELONG TO FUSION - FUEL 03 – ACTIVE DEVELPOMENT Project Vertical Location Capacity (metric tonnes) Grants Submitted (in € million) Grants Awarded (in € million) Status ISD Evora I Power Portugal 11 1.5 1.5 Pending Commissioning 1H 2022 Green G as Blending Portugal 30 -- -- Construction 2H
Slide 15: Key Commercial Platforms
ALL RIGHTS BELONG TO FUSION - FUEL 03 — KEY COMMERCIAL PLATFORMS
Slide 16: Mobility
ALL RIGTHS BELONG TO FUSION - FUEL ▪ Projects in pipeline: 20 ▪ Estimated Capex: €140m+ ▪ Grant Requests Submitted: €65m+ ▪ Grants Approved: €15m+ ▪ GH 2 Production: 1,900+ tpa 03 – MOBILITY
Slide 17: Industrial Applications & Natural Gas Blending
ALL RIGTHS BELONG TO FUSION - FUEL ▪ Projects in pipeline: 7 ▪ Estimated Capex: € 43m + ▪ Grant Requests Submitted: € 14m + ▪ Grants Approved: €1.5m+ ▪ GH 2 Production: 740 + tpa 03 – INDUSTRIAL APPLICATIONS & NATURAL GAS BLENDING
Slide 18: Green Ammonia
ALL RIGTHS BELONG TO FUSION - FUEL 03 – GREEN AMMONIA ▪ Projects in pipeline: 1 ▪ Estimated Capex: N/A ▪ Grants: Under negotiation ▪ GH 2 Production: 32,000+ tpa ▪ GNH 3 Production: 180,000 tpa
Slide 19: Production & Tech
ALL RIGHTS BELONG TO FUSION - FUEL 04 — PRODUCTION & TECH
Slide 20: Introducing HEVO Gen 3
ALL RIGHTS BELONG TO FUSION - FUEL 04 – INTRODUCING HEVO GEN 2 GEN 2 cost reduction is driven by changes to both the HEVO and HEVO - Solar: ▪ The UPPs have been redesigned to increase active area while simultaneously reducing platinization ▪ New MEA design, reducing material required while still inc
Slide 21: HEVO Solar Production at Benavente
ALL RIGHTS BELONG TO FUSION - FUEL 04 – HEVO SOLAR PRODUCTION AT BENAVENTE Benavente ramp up complete Start of site renovations FY2025 2Q 2022 1Q 2022 3Q 2021 2Q 2021 2H 2022 Launch of HEVO production line Continuous increase in manufacturing capacity Purchase of factory Completion of phases 1 + 2 o
Slide 22: Partnership Strategy: Toshiba ESS
ALL RIGHTS BELONG TO FUSION - FUEL 04 – PARTNERSHIP STRATEGY: TOSHIBA ESS Combined Tech Excellence Evaluate Toshiba’s novel membrane technology for use in Fusion Fuel’s miniaturized PEM electrolyzer ▪ Toshiba Energy Systems and Solutions (“Toshiba ESS”) and Fusion Fuel announced an agreement to stud
Slide 23: Team
ALL RIGHTS BELONG TO FUSION - FUEL 05 — TEAM
Slide 24: Headcount Report
ALL RIGHTS BELONG TO FUSION - FUEL 05 – HEADCOUNT REPORT Finance & Admin Technology Business Development EPC Production 1 1Q21 FYE22 17 28 1Q22 6 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 1Q21 1Q22 1Q21 FYE22 24 42 1Q22 9 1Q21 FYE22 11 15 1Q22 2 1Q21 FYE22 7 19 1Q22 1 1Q21 FYE22 18 69 1Q22 0 1 Current
Slide 25: 2022 Milestones
ALL RIGHTS BELONG TO FUSION - FUEL 06 – 2022 MILESTONES
Slide 26: 2022 Milestones
ALL RIGHTS BELONG TO FUSION - FUEL 06 – 2022 MILESTONES 2 – 3 – 1 – 4 – HPA, SALES & GRANTS ▪ Fill 2022 and 2023 pipeline with confirmed orders ▪ Secure grants for company - owned plants and for third - party projects TECH DEVELOPMENT ▪ Launch next gens of HEVO and HEVO - Solar ▪ Introduce O 2 Captu
Slide 27: WWW.FUSION - FUEL.EU
ALL RIGHTS BELONG TO FUSION - FUEL WWW.FUSION - FUEL.EU