Ads-tec Energy Plc · NASDAQ:ADSE

Ads-tec Energy — FY2023 Earnings Presentation

30 slides from Ads-tec Energy's earnings presentation, May 2, 2024

1. Slide 1: Earnings Call – FY2023

   Earnings Call – FY2023 Thomas Speidel (CEO) Wolfgang Breme (CFO) 02.05.2024

2. Slide 2: Disclaimer

   2 02.05.2024 ADS-TEC Energy © Disclaimer Cautionary Language Regarding Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be

3. Slide 3: Agenda

   3 02.05.2024 ADS-TEC Energy © Agenda 1. Review FY2023 and Outlook to 2024 2. Market Trends and Challenges 3. Strategy and USPs 4. Financial Highlights

4. Slide 4: Review FY2023 and Outlook 2024

   Review FY2023 and Outlook 2024 Thomas Speidel (CEO)

5. Slide 5: Review FY2023 and Outlook 2024

   5 02.05.2024 ADS-TEC Energy © Review FY2023 and Outlook 2024  Revenue projection of >100 m EUR/2023 achieved  Adjusted EBITDA positive in Q4/23  Confirmation of 200 m EUR target in revenue for 2024  Increasing number of blue-chip clients  More than 1,500 battery-buffered DCFC charging points in

6. Slide 6: Market Trends and Challenges

   Market Trends and Challenges Thomas Speidel (CEO)

7. Slide 7: Assessing current market trends and challenges

   7 02.05.2024 ADS-TEC Energy © Assessing current market trends and challenges. Germany – grid costs until 2045 (est.)  300 billion EUR for transmission grids and power lines  150 billion EUR for regional distribution grids Source: focus.de / 3rd of Feb 2024 The energy transition is not possible by

8. Slide 8: Grid fees have been continuously increasing for the last 14 years

   8 02.05.2024 ADS-TEC Energy © Grid fees have already Grid fees for electricity in Germany by been continuously different customer groups until 2023 10,00 3.55 % increasing for the last 9,00 14 years. 8,00 3.07 % 7,00 6,00 We must even expect 5,00 significantly higher 4,00 5.81 % grid charges in the

9. Slide 9: Despite these challenges, ADS-TEC Energy's strategy succeeds

   9 02.05.2024 ADS-TEC Energy © Despite these challenges and dynamic market developments, ADS-TEC Energy's strategy succeeds. EV Forecast Bottleneck EU/US Grid Expansion Intelligent Platform Solutions & Control over the entire Value-Chain HPC Forecast Flexibility & EU/US Profitability

10. Slide 10: Electric cars are the future!

    10 02.05.2024 ADS-TEC Energy © Electric cars are the future! EV Stock (Passenger Cars) in Million Units 140 120 117,0 Public acceptance of e-mobility is growing 111,0 steadily. 100 104,0 94,0  Decreasing sales prices of electric EU 91,0 vehicles 80 78,0 77,0  Savings due to better TCO compared to

11. Slide 11: EV registration figures are subdued but in line with forecast trend

    11 02.05.2024 ADS-TEC Energy © EV registration figures are Developments in Germany are subdued but in line with the bucking the trend, mainly due to forecast trend and are rising in the end of purchase subsidies for many European countries or EVs and a strong automotive core regions. lobby. N E W E

12. Slide 12: Enormous need for investment in charging infrastructure

    12 02.05.2024 ADS-TEC Energy © Enormous need Forecast for HPC Stock 150+ und 350+ in Europe and the USA for investment [in thousand charging points] in charging 1000 940,0 900 infrastructure – as 861,0 800 US well as demand- 700 735,0 oriented installation 600 630,0 529,0 500 490,0 The build-up char

13. Slide 13: Strategy and USPs

    Strategy and USPs Thomas Speidel (CEO)

14. Slide 14: ADS-TEC Energy is focusing on its core competencies and sustainable growth

    14 02.05.2024 ADS-TEC Energy © ADS-TEC Energy is focusing on its core competencies and sustainable growth of Europe North America the company. ADS-TEC Energy will expand its role and leadership Focus on location in Auburn (AL) incl. new in the battery-buffered ultra-fast charging segment management

15. Slide 15: Our intelligent platform solutions offer the flexibility needed

    15 02.05.2024 ADS-TEC Energy © Our intelligent platform solutions offer the flexibility needed to achieve the energy transition in a cost-optimized way. Hardware Hardware Hardware Hardware Software Software Software Services Features Services 3rd party Apps Hardware Software Services Features by ADS

16. Slide 16: Flexibility & profitability are the key to a successful transition!

    16 02.05.2024 ADS-TEC Energy © Flexibility & profitability are the key to a successful transition! A decentralized energy system will only be possible if energy storage systems are integrated. These energy storage systems not only enable the integration of renewables, but also offer local operators

17. Slide 17: A charging point operator can optimize the business case with a battery-buffered solution

    17 02.05.2024 ADS-TEC Energy © For example: A charging point operator can optimize the business case "EV charging" only by using a battery-buffered solution. Standard DC Fast-Charger Battery-Buffered DC Fast-Charger CAPEX OPEX (TCO over 10 yrs.) Grid Services and local generated electricity Arbitrag

18. Slide 18: Even in the pure charging application, we enable a better business case

    18 02.05.2024 ADS-TEC Energy © Even in the pure charging application, we enable the operator to achieve a better business case. Standard DC Fast-Charger Battery-Buffered DC Fast-Charger  The CPO cannot escape the rising costs and would have to pass them Integration of own generated electricity (PV)

19. Slide 19: Development of our customer / partner base

    19 02.05.2024 ADS-TEC Energy © Development of our Customers / Partners customer / partner base  We started with a blue-chip automotive customer and less others  New customers / partners came in and followed the business model  Exponential growth of new customers / partners over the last years  A

20. Slide 20: ADS-TEC Energy is the partner with 100% ability to act

    20 02.05.2024 ADS-TEC Energy © ADS-TEC Energy is the partner with 100 % ability to act TCO & Multi Revenues Broad scope of services Market Specifics IT Interfaces and APIs We are enabling optimized TCO We are enabling remote We are enabling the adaptation We are enabling the adaptation through avail

21. Slide 21: Financial Highlights

    Financial Highlights Wolfgang Breme (CFO)

22. Slide 22: Financial Highlights

    22 02.05.2024 ADS-TEC Energy © Financial Highlights Revenue FY 2022, 2023 and 2024 Outlook 2023 Outlook • FY 2023 revenue of EUR 107.4m, 2024 representing 306% growth over FY 2022 and exceeding stated guidance of EUR 100m • FY 2023 Adjusted EBITDA of EUR -16.6m, compared to EUR -29.4m in FY 2022 • E

23. Slide 23: Best-in-Class Fulfillment & Growth Margin Improvements

    23 02.05.2024 ADS-TEC Energy © Best-in-Class Fullfillment & Growth Margin Improvements  More than 1,500 battery-based DCFC  Revenue target of >EUR 100m in 2023  Adjusted EBITDA positive in charging points installed achieved Q4/2023  More than 2,500 battery-based DCFC  Confirmation of revenue ta

24. Slide 24: Thank You

    Thank You Thomas Speidel (CEO) Wolfgang Breme (CFO) 02.05.2024

25. Slide 25: Consolidated statements of profit or loss and comprehensive income

    ADS-TEC Energy © Consolidated kEUR 2023 2022 Continuing operations statements of profit Revenue 107,384 26,430 Cost of sales -110,270 -30,904 Gross profit (loss) -2,886 -4,474 or loss and Research and development expenses -2,832 -1,701 Selling and general administrative expenses -27,823 -31,319 comp

26. Slide 26: Consolidated statements of profit or loss: Q4 2023 vs FY 2023

    ADS-TEC Energy © Consolidated kEUR Continuing operations Q4 2023 2023 statements of profit Revenue 50,344 107,384 Cost of sales -49,474 -110,270 Gross profit (loss) 870 -2,886 or loss and Research and development expenses Selling and general administrative expenses -523 -7,869 -2,832 -27,823 compreh

27. Slide 27: Proforma adjusted EBITDA 2023 and Q4

    ADS-TEC Energy © Proforma adjusted kEUR Net income (loss) Q4 2023 -16,173 2023 -55,081 2022 -18,906 EBITDA Depreciation Net finance result 1,673 699 4,850 13,697 4,336 -20,089 Income tax benefits (expenses) -1,116 -3,141 2,572 EBITDA -14,917 -39,674 -32,087 2023 and Q4 Adjustments: Stock-based compe

28. Slide 28: Consolidated statements of financial position

    ADS-TEC Energy © Consolidated EQUITY AND LIABILITIES kEUR Dec. 31, 2023 Dec. 31, 2022 statements of Share capital 4 4 financial position Capital reserves 225,007 216,815 Other equity 106 45 Retained earnings -136,117 -117,211 Profit (loss) -55,081 -18,906 Equity attributable to owners of the Company

29. Slide 29: Consolidated statements of cash flows

    ADS-TEC Energy © Consolidated kEUR 2023 2022 Result for the period -55,081 -18,906 statements of cash Depreciation and amortization Finance income excluding foreign currency (gains) losses 4,850 -187 4,336 -10,587 flows Finance expense 13,886 427 Share listing expense - - Non-cash effective foreign

30. Slide 30: Consolidated statements of cash flows

    ADS-TEC Energy © Consolidated kEUR 2023 2022 Purchase of property, plant, and equipment -2,297 -3,484 Investments in intangible assets, including -7,623 -7,586 statements of cash internally generated intangible asset Interest received - 196 flows Cash flow from investing activities -9,920 -10,874 Pr

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