H2apex Group Sca · XETR:H2A
H2apex Group Sca — Herbstkonferenz 2024
23 slides from H2apex Group Sca's conference presentation, September 2024
Slide 1: The Power of Hydrogen
The Power of Hydrogen Herbstkonferenz 02.09.2024 – 03.09.2024
Slide 2: Who We Are
WHO WE ARE Peter Rößner (CEO) "Water will be the coal of the future." Bert Althaus (CFO) Axel Funke (CTO) Jules Verne Bojan Petrov (COO) Gunnar Krüger (CBO)
Slide 3: Green H2 Market Poised for Growth
GREEN H2 MARKET POISED FOR GROWTH H2APEX covering relevant segments in the largest and fastest growing H2 Economy EU H2 demand split by production pathway 39 2030 EU H2 demand by segment (2019-’50, mtpa) (mtpa) Current focus Green 26 Low-Carbon 31 Grey 19 13 18 11 8 9 6 2 Heating: 15% 1 4 6 8 9 8 6
Slide 4: Leading Developer, Owner & Operator
LEADING DEVELOPER, OWNER & OPERATOR of H2 plants with advantages over peers PROVEN EMPLOYEE MASSIVE TRACK RECORD TEAM QUALITIES PROJECT PIPELINE Quadrupling of turnover More than 100 highly skilled More than 1.7 GW ▪ 2 MW H2 plant fueled by 11.5 and experienced employees ▪ EU flagship project: MW ow
Slide 5: Building a Pioneer in Hydrogen Solutions
BUILDING A PIONEER IN HYDROGEN SOLUTIONS Driving innovation by multi-supplier and open technology approach 2012 2019/20 2022 2024 Company Establishing the Project wins and We are … incorporation asset base track record ▪ Corporate structure ▪ Purchase of Rostock-Laage site ▪ 15 MW sold to blue chip
Slide 6: Europe's Leading H2 Park as Strong Asset Base
EUROPE’S LEADING H2 PARK AS STRONG ASSET BASE More than EUR 50m invested in strategically located state-of-the-art facilities Future 100 MW H2ERO Rostock- Laage 24 ha electrolysis site1 (IPCEI project) infrastructure for 200 MW H2APEX hydrogen refuelling station 11.5 MWp PV park H2APEX (owned by H2A
Slide 7: H2APEX Relies on a Holistic Approach
H2APEX RELIES ON A HOLISTIC APPROACH Current business opportunities drive market growth ~2021 until now EPC(M) EPC(M) business SERVICE 2020 - 2024 as of 2024 Gain & OPERATION experience Service & Operation (internal and external) ~2012 – 2019/2020 2020 until now as of 2027 H2 PRODUCTION Proof of con
Slide 8: Project Development – Filled Project Backlog
PROJECT DEVELOPMENT – FILLED PROJECT BACKLOG Three German Flagship Projects for reputable customers AWARDED (3rd Party EPC) 15 MW plus 2.200 t of green hydrogen and 3 filling stations CO2-Neutral Steel Production for ArcelorMittal (EUR 17m expected over 2 years) Electrolysis capacity: 10 MW EPC cont
Slide 9: Strong and Rapidly Growing Commercial Pipeline
STRONG AND RAPIDLY GROWING COMMERCIAL PIPELINE Tangible pipeline of more than 1.7 GW of H2 capacity TOTAL PIPELINE Distribution of projects in % ▪ > 1.7 GW 15 RAPIDLY EXPANDING PIPELINE 85 ▪ As of beginning of 2022 ~300 MW ▪ 4 projects awarded in less than a year up to 50 MW > 50 MW 958 MW 50-112GW
Slide 10: Own Projects (ONP) – H2ERO 100 MW IPCEI Flagship
OWN PROJECTS (ONP) – APPOX. 210 MW WITH FURTHER POTENTIAL Executing by 2028 Hydrogen valley: H2ERO – 100 MW IPCEI flagship project FINANCIALS: Investment: 213 Mio. € Funding (IPCEI grant)1: 167 Mio. € Exp. Revenues (p.a.): 55 Mio. €2 DETAILS: Electrolysis capacity: 100 MW Hydrogen storage: Direct gr
Slide 11: Own Projects (ONP) – KIWI Lubmin
OWN PROJECTS (ONP) – APPOX. 210 MW WITH FURTHER POTENTIAL Executing by 2028 KIWI LUBMIN DETAILS: Electrolysis capacity: First stage: 100-150 MW Final stage: up to 600 MW Hydrogen storage: Direct grid feed Production capacity: First stage: 7,000 – 9,000 t/p.a. Final stage: up to 54,800 T/p.a. CO2-red
Slide 12: Clear Strategy for Long-Term Value Creation
CLEAR STRATEGY FOR LONG-TERM VALUE CREATION We will be one of the largest European H2 players 2028- ▪ Commissioning of the large-scale projects Accelerate scale-up 2030 ▪ Majority of projects owned by H2APEX 2024- ▪ Continued pipeline build-up and execution Establishing profitable growth 2027 ▪ EBIT
Slide 13: Financials & Guidance
EAAPEX® © FINANCIALS & GUIDANCE
Slide 14: Profit & Loss
PROFIT & LOSS Actual in EUR 1.000 FY 2021* FY 2022* FY 2023 Total revenues 407,0 3.848,1 15.297,1 Cost of materials (39,1) (3.118,4) (13.683,9) REVENUE QUADRUPLE COMPARED Gross profit 367,9 729,7 1.613,3 TO THE PREVIOUS YEAR Personnel expenses (2.678,3) (3.745,9) (6.888,9) Other expenses (4.793,5) (
Slide 15: Balance Sheet
BALANCE SHEET Actual in EUR 1.000 31.12.2021* 31.12.2022* 31.12.2023 EQUITY RATIO OF 47% A. Non-current Assets 38.544,6 37.150,9 59.695,6 STRENGTHENS H2APEX FOR THE B. Current Assets 16.736,9 23.486,7 61.652,4 PLANNED GROWTH C. Deferred Tax Assets 0 1.096,2 1.106,2 Total assets 55.281,5 61.733,8 122
Slide 16: Cash Flow
CASH FLOW Actual CASH ENABLES H2APEX TO MAKE in EUR 1.000 31.12.2021* 31.12.2022* 31.12.2023 NECESSARY INVESTMENTS Operating Cash Flow (6.919,2) (8.308,6) (18.920,2) Working Capital (5.361,6) 362,8 2.898,3 ▪ Operating cash is mainly due to the adjusted Cash flow from investing activities (12.993,0)
Slide 17: Guidance 2024
GUIDANCE 2024 2,29 multiple H2APEX AIMS TO MORE THAN DOUBLE ITS 35,0 REVENUES BY 2024 ▪ Revenue target 2024 specified to lower half of range 35 mEUR to 40 mEUR 3,98 ▪ Expansion of EPC(M) business through existing and multiple newly acquired projects 15,3 ▪ Stable production line for storage units ex
Slide 18: Revenue Growth
REVENUE GROWTH Accelerates with own mega H2 production H2 Production Service & Operation EPC Storage H2 PRODUCTION AS A KEY REVENUE DRIVER IN THE FUTURE ▪ Existing experience with Hydrogen sales and distribution will accelerate with start of H2 pipeline operation ▪ EPC revenue from project volume of
Slide 19: Break-Even
BREAK-EVEN By established EPC and storage business REACHING BREAK-EVEN IN ADJUSTED EBITDA IN 2026 ▪ Operating cashflow positive in 2025 ▪ Profitable EPC drive break-even in 2026 Break-even ▪ Long-term service and maintenance business contributes attractive margin profile ▪ Corporate cost to enable g
Slide 20: Unlocking Significant Value in Hydrogen
UNLOCKING SIGNIFICANT VALUE IN HYDROGEN ✓ Clean hydrogen market now at inflection point and poised for exponential growth ✓ Leading H2 integrator in the EU pioneering developing, owning & operating hydrogen solutions ✓ Differentiated business model well positioned to capture market opportunities ✓ P
Slide 21: Follow the Pioneer
FOLLOW TH2E PIONEER
Slide 22: Contact Investor Relations
CONTACT Investor Relations Let us please engage in an active dialog to find the perfect start for the energy of tomorrow together with the H2APEX Group! Investor Relations H2APEX Group SCA Contact person: Henriette Siegel For more information, please Phone: +49 381 799902-320 take a look at our webs
Slide 23: Disclaimer
DISCLAIMER Certain financial information (including percentages) in this presentation may have been rounded according to commercial standards. As a result, the aggregate amounts may not correspond in all cases to the aggregated amounts of the underlying (unrounded) figures appearing elsewhere in thi