Hexagon Composites Asa · OSL:HEX

Hexagon Composites Asa — Investor Presentation (September 2025)

15 slides from Hexagon Composites Asa's investor presentation, September 2025

  1. Slide 1: Company presentation

    Company presentation September 2025

  2. Slide 2: Disclaimer and important notice

    Disclaimer and important notice This company presentation (the “Presentation”) has been prepared by Hexagon Composites ASA (“Hexagon” or the “Company”). The Presentation has not been reviewed or registered with, or approved by, any public authority, stock exchange or regulated market place. The Comp

  3. Slide 3: Global leader in Alternative Fuel and Gas Distribution solutions

    Global leader in Alternative Fuel and Gas Distribution solutions ~900 employees Mobile Pipeline Fuel Systems Aftermarket NOK 4.4 bn revenue LTM Q2 25 60+ years of heritage 1 ~50-80% market share1 37% 52% 11% Key customers Distribution containers for CNG fuel systems for Fleet service and bulk gas tr

  4. Slide 4: Current economic and regulatory uncertainty is impacting our markets

    Current economic and regulatory uncertainty is impacting our markets Trade and Shifting emissions Lower High cost tariff policies regulations oil prices of capital Current macroeconomic uncertainty has driven a 24% reduction in revenue year-to-date 2025, primarily explained by a soft Mobile Pipeline

  5. Slide 5: We are taking steps to optimize cost structure, maintain cash discipline and strengthen our balance sheet

    We are taking steps to optimize cost structure, maintain cash discipline and strengthen our balance sheet NOK >150m Renegotiated bank agreement3 Direct labor cost annualized savings1 in implementation, Non-direct labor cost with ambition of Covenant relax ation Q3 2026 covenant < 2027 covenant targe

  6. Slide 6: Our resilient business segments provide stable cash flows through the cycle

    Our resilient business segments provide stable cash flows through the cycle, while rebound in cyclical segments represent major upside Resilient – lower macro sensitivity Cyclical – higher macro sensitivity Aftermarket Refuse & Transit Truck Mobile Pipeline Recurring service & Stable demand tied to

  7. Slide 7: Near-term softness, strong long-term demand for distributed energy

    Mobile Pipeline Near-term softness, strong long-term demand for distributed energy Relevant addressable market1 Key drivers of future growth (USDm) Recovery in North American shale activity and conversion to NG-powered fracking fleets 432 451 Unlocking stranded RNG resources in Europe and North 404

  8. Slide 8: US Class 8 Truck market at a cyclical low with aging fleet

    Truck US Class 8 Truck market at a cyclical low with aging fleet US Class 8 truck sales volumes p.a. Average age of fleet Units (1,000) Years 6,1 6,1 357 6,0 6,0 6,0 334 331 346 310 316 318 5,8 5,8 5,8 271 268 274 233 237 5,6 5,5 5,4 5,4 Aging fleet underpins recovery – timing dependent on macro and

  9. Slide 9: Natural gas is the only cost-effective and readily available pathway to decarbonize long-haul trucking

    Truck Natural gas is the only cost-effective and readily available pathway to decarbonize long-haul trucking, offering an economic payback over diesel North Am. Class 8 truck powertrain landscape (illustrative) Infrastructure readiness and The numbers add Immediate scalability up for CNG emission sa

  10. Slide 10: The X15N is a gamechanger expected to unlock CNG mass-market adoption

    Truck The X15N is a gamechanger expected to unlock CNG mass-market adoption X15N engine Industry ambition Pilots with leading Truck related delivers diesel like is 8-10% of Class 8 fleets demonstrate revenue potential performance trucks ample potential for Hexagon p.a. Sample fleets Industry ambitio

  11. Slide 11: Strategic partnership formed to accelerate CNG truck adoption

    Strategic partnership formed to accelerate CNG truck adoption – Hexagon, Cummins and Clean Energy investing in new leasing business North Am. CNG ecosystem leaders Transaction logic – Pioneer Clean Fleet Solutions #1 CNG engine supplier Reducing Turnkey leasing Unlocking complexity for partner adopt

  12. Slide 12: Consolidating Europe – acquiring SES Composites

    Consolidating Europe – acquiring SES Composites Combining European operations Transaction logic – SES Composites Combine two Unlock synergy Streamline our leading players potential Worthington JV Capture scale Significant synergy Positioning the benefits and potential across our remaining steel stre

  13. Slide 13: Strategy to enter new, fast-growing CNG geographies and drive global diversification

    Strategy to enter new, fast-growing CNG geographies and drive global diversification Selected high-growth markets Disciplined growth strategy India  Joint Venture Limited new Local Improved cost MoU signed investments partnerships positions South America  USD 600m addressable Relocating and Partne

  14. Slide 14: Well positioned to capitalize on long-term market growth despite near-term challenges

    Well positioned to capitalize on long-term market growth despite near-term challenges Established market Actively managing USD ~800m Profitable play on leader position industry headwinds revenue capacity1 energy transition 1) Represents revenue capacity for the truck segment only 14

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