Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Q2 2023 Earnings Presentation
21 slides from Hexicon Ab's earnings presentation, Aug 31, 2023
Slide 1: Interim Report
Se hexicon INTERIM REPORT 2023-08-31
Slide 2: Agenda
AGENDA • Floating offshore wind • Hexicon in brief • Business update • Outlook INTERIM REPORT Q2 2 8/31/2023
Slide 3: Floating offshore wind & market development
FLOATING OFFSHORE WIND & market development INTERIM REPORT Q2 3 8/31/2023
Slide 4: 80% of offshore wind resource potential lies in deep waters
80% of offshore wind resource potential lies in deep waters INTERIM REPORT Q2 4 8/31/2023
Slide 5: Hexicon at the forefront of the energy transition: +53% CAGR
HEXICON - AT THE FOREFRONT OF THE ENERGY TRANSITION +53% CAGR A market in continuous development and expansion North Offshore wind developments: America • Taiwan & Japan prepare for floating wind auctions 11% • The second lease auction which includes floating wind is ongoing in the UK Asia • Italy,
Slide 6: Hexicon in brief
HEXICON in brief INTERIM REPORT Q2 6 8/31/2023
Slide 7: Film
FILM INTERIM REPORT Q2 7 8/31/2023
Slide 8: Current highlights from our portfolio
presence in 20+ GW gross portfolio 4 CONTINENTS Current highlights FROM OUR PORTFOLIO 20+ countries with TwinWind™ patent in 11 GW 16+ floating offshore INTERIM REPORT Q2 net portfolio wind projects 8 8/31/2023
Slide 9: The dual business model
THE DUAL BUSINESS MODEL Project developer & technology provider INTERIM REPORT Q2 9 8/31/2023
Slide 10: Business model – project development
BUSINESS MODEL – PROJECT DEVELOPMENT INTERIM REPORT Q2 10 8/31/2023
Slide 11: Business model – project development
BUSINESS FEATURES WITH EARLY STAGE MODEL PROJECT DEVELOPMENT – D • Good leverage: normally high returns PROJECT on seed investments DEVELOPMENT • Partnering: Lowered and shared risk • Divestments before capital intensive phase Accounting principle: costs not capitalized – value creation not fully vi
Slide 12: Project portfolio map
PROJECT PORTFOLIO MAP Scotland Ireland Sweden PROJECTS England PROSPECTS Italy PRESENCE USA Spain & Portugal Greece South Korea Taiwan GROSS PORTFOLIO CAPACITY: 20+ GW South Africa INTERIM REPORT Q2 12 8/31/2023
Slide 13: Business update during the second quarter
BUSINESS UPDATE during the second quarter INTERIM REPORT Q2 13 8/31/2023
Slide 14: Key achievements during and after the quarter
KEY • Very intense quarter ACHIEVEMENTS • Achieved milestones in project development, increasing net project DURING AND AFTER portfolio THE QUARTER • Securing long and medium-term financing INTERIM REPORT Q2 14 8/31/2023
Slide 15: Operational events during and after the quarter
OPERATIONAL EVENTS DURING AND AFTER THE QUARTER HEXICON SWEDEN HEXICON The Board rejects an The Swedish JV Freja Accepted to the indicative and Offshore submitted two Business Accelerator conditional bid from a applications for floating wind Program Southeast European actor. farms; Mareld and Cirrus
Slide 16: Increased project portfolio
Gross project and prospect portfolio 25 20.7 INCREASED PROJECT PORTFOLIO 20 17.3 17.7 12.0 13.0 15 10.0 10 • Gross project portfolio increased to 13,700 MW (5,000 5 0 MW), and gross prospect portfolio amounted to 6,950 Q1 Q2 Q3 Q4 Q1 Q2 MW (7,000 MW), totalling 20,700 MW (12,000). 2022 2023 Project
Slide 17: Sweden – Freja Offshore
SWEDEN – FREJA OFFSHORE Power production beyond the horizon INTERIM REPORT Q2 17 8/31/2023
Slide 18: Financing agreements
FINANCING AGREEMENTS • Development loan agreement: up to • Credit facility agreement: Up to SEK 75 EUR 45 million, with Glennmont Partners million, with Wallenius Group as main to accelerate project pipeline and lender, to cover working capital and optimize divestment of selected enable continued gr
Slide 19: Outlook
OUTLOOK INTERIM REPORT Q2 19 8/31/2023
Slide 20: Focus areas ahead
FOCUS AREAS AHEAD Floating offshore wind will play a key role in Actively the engaging transition with potential to a fossil-free energy system. Accelerate investments in Italy investors for selected projects after new regulation comes out TwinHub – preparing for FID by Enhancing the prospect pipeli
Slide 21: Thank you
Thank you HEAD OFFICE Östra järnvägsgatan 27 111 20 Stockholm, Sweden www.hexicongroup.com