Slide 1: The leading hydrogen-electric solutions provider
The leading hydrogen-electric solutions provider Q4 2024 Presentation
Slide 2: Today’s presenters
Today’s presenters Richard Berkling Anders Düring CEO SVP, CFO and IR
Slide 3: Highlights in the quarter
Highlights in the quarter OEM orders drive operational ramp-up, Net Robust market fundamentals recover sales growth and improved margins From the soft market of 2024 ✓ 13% growth in Q4 and 8% growth ✓ Rapid market acceleration: from start- over the last 12 months. of-negotiation to completed deliver
Slide 4: Summary 2024
Summary 2024 ✓ In what proved to be a soft market of 2024, the 2nd half showed improvements and with important indicator in OEM orders. ✓ Strong order intake H2 50 MSEK/month on average driven by SEK 208m orders, one of the world's largest orders of marine fuel cell systems to date with 74 Marine Sy
Slide 5: Sales by Quarter and full year
Sales by Quarter and full year Annual Growth; ~8% Q4 to Q4 Growth; ~13% 5 PowerCell Group I Q4 2024 Presentation
Slide 6: Profit & Loss Statements Q4
Profit & Loss Statements Q4 2024 Q4 (MSEK) 2023 2024 Sales 128 144 Cost of goods sold -80 -87 Gross profit 47 58 Gross profit margin % 36,9% 40,0% EBIT -3 1 Non-recurring items -5 0 EBIT after non-recurring items -8 1 Finance net -2 2 Results before tax -10 2 Deferred tax 0 0 Result for Q4 -10 2 6 P
Slide 7: Profit & Loss Statements 2024
Profit & Loss Statements 2024 (MSEK) 2023 2024 Sales 310 334 Cost of goods sold -186 -218 Gross profit 124 116 Gross profit margin % 40,0% 34,8% EBIT -67 -84 Non-recurring items -6 30 EBIT after non-recurring items -73 -54 Finance net 10 6 Results before tax -63 -48 Deferred tax 0 0 Results for the
Slide 8: Balance sheet 2024
Balance sheet 2024 MSEK 2024 2023 ∆ Non-current assets 114,9 88,0 31% Total Current Assets 547,5 337,1 62% Total Assets 662,4 425,1 56% Equity 413,7 275,4 50% Non-current liabilities 17,6 52,1 -66% Current liabilities 235,1 97,5 141% Liabilities 248,7 149,7 66% Total Equity and Liabilities 662,4 425
Slide 9: Operating Cash flow by quarter and rolling months
Operating Cash flow by quarter and rolling 12 months Rolling 4 quarters (MSEK) By Quarter (MSEK) 1 -19 -49 -96 9 PowerCell Group I Q4 2024 Presentation
Slide 10: Financial KPIs
Financial KPIs 4th Quarter Full year Financial KPIs 2023 2024 2023 2024 Sales (MSEK) 128 144 310 334 Gross margin (%) 37 40 40 35 EBITDA* (MSEK) -2 6 -48 -30 Net Profit/Loss* (MSEK) -10 2 -63 -47 Total Cash Flow (MSEK) -61 167 -133 160 Equity Ratio (%) 65 63 * Including EO-items (no items in Q4) 10
Slide 11: Strategic focus for 2025
Strategic focus for 2025 Key strategic priorities ✓ Focus on reaching break-even R12 months ✓ Continued growth of OEM contracts ✓ Scaling existing product generation, driving towards breakeven and balance the cash flow ✓ Accelerating industrialisation of next-generation product portfolio: ✓ Heavy Du
Slide 12: New phase in the market
New phase in the market Commercial market growth from PowerCell have prepared for this…. OEM Business ✓ Invested in product offering ✓ New requirements ✓ Invested in internal abilities and capabilities ✓ New opportunities ✓ Invested in productivity and internal efficiency ✓ Invested in industrial st
Slide 13: Summary
Summary Ambiguous market characteristic Leading technology Commercial deliveries ✓ OEM driven growth rather than subsidy ✓ Best validated fuel cell stack technology in ✓ Starts serial deliveries to commercial driven growth… the industry applications ✓ Uncertainty around policy and regulatory ✓ Relia
Slide 14: Upcoming report
Upcoming report Key dates - Interim report Q1 2025, April 24 - Annual General Meeting, April 29 - Interim report first half year 2025, July 17 - Interim report Q3 2025, October 23 - Interim report Q4 and year-end report 2025, February 4, 2026 14 PowerCell Group I Q4 2024 Presentation
Slide 15: Q&A
Q&A 15 PowerCell Group I Q4 2024 Presentation
Slide 16: PowerCell Group I Q4 2024 Presentation
16 PowerCell Group I Q4 2024 Presentation
Slide 17: PowerCell Group I Q4 2024 Presentation
17 PowerCell Group I Q4 2024 Presentation
Slide 18: PowerCell Group I Q4 2024 Presentation
18 PowerCell Group I Q4 2024 Presentation