Hexicon Ab · OMXSTO:HEXI
Hexicon Ab — Shareholder Meeting (May 2024)
13 slides from Hexicon Ab's shareholder meeting presentation, May 2024
Slide 1: 2024 Annual General Meeting
2024 ANNUAL _ GENERAL MEETING hexjcon
Slide 2: Content
CONTENT • FLOATING OFFSHORE WIND • HEXICON KEY INSIGHTS • BUSINESS MODEL • PROJECT PORTFOLIO • TECHNOLOGY • SIGNIFICANT EVENTS • MARKET STATUS • OUTLOOK 2024 ANNUAL GENERAL MEETING FOR 2023 2
Slide 3: Floating Offshore Wind
FLOATING OFFSHORE WIND THE NEW HYDRO POWER – BEYOND THE HORIZON ENVIRONMENTALLY FRIENDLY EFFICIENCY ECONOMY ADAPTABLE Less disturbance Winds out at sea Not affected by Placed where the towards nature and are stronger and seabed conditions - need is greatest and living environments. more consistent –
Slide 4: Hexicon Key Insights
HEXICON KEY INSIGHTS • EXPERIENCE • TECHNOLOGY More than 15 years of Competitive and experience in floating patented technology offshore wind. ready for testing. • DIVERSIFIED • PARTNERSHIPS PORTFOLIO Strong local partnerships are in Established and place for successful diversified global project po
Slide 5: Business Model
BUSINESS MODEL • Hexicon operates through a dual business model • A global early-stage project developer • A technology provider of the patented floating wind design • The two parts of the business model diversify our business and generate independent revenue streams. • Synergies are created between
Slide 6: Project Development
PROJECT BUSINESS PROCESS DEVELOPMENT 1. IDENTIFY AND INVEST 2. PROJECT 3. DIVESTMENT We identify early-stage DEVELOPMENT With our industry We gradually divest our development projects with experience and proven ownership stakes in the potential to deliver good risk-adjusted track record, we lead the
Slide 7: Project Development
PROJECT DEVELOPMENT • Global portfolio • 12 active projects • 6 prospects UK SWEDEN • Presence in USA ITALY SOUTH KOREA Sweden/Korea/US/ IRELAND Greece/Spain GREECE Gross Portfolio (MW) Net Portfolio (MW) SOUTH AFRICA 8,850 Total Total 5,257 23,4 GW 14,557 12,9 GW 7,649 ACTIVE PROJECTS PROSPECTS Pro
Slide 8: Technology Provider
TECHNOLOGY PROVIDER • Patented in 25+ countries • Proven technology • Three basin tests made in 2020-2022. • Simulation of operation under extreme conditions. • Results proven to be aligned with numerical predicted performances. ANNUAL GENERAL MEETING FOR 2023 8
Slide 9: Pre-Commercial Project
PRE-COMMERCIAL PROJECT • Technology demo-project TwinHub 32 MW, planned outside the coast of Cornwall, UK • 2 foundations, 2 x 8 MW WTG on each • FEED ongoing • Construction start planned for 2025 • Integrated engineering work with WTG supplier MingYang ANNUAL GENERAL MEETING FOR 2023 9
Slide 10: Significant Events 2023
SIGNIFICANT EVENTS 2023 PROJECT DEVELOPMENT TECHNOLOGY FINANCING 1. Net portfolio growth from 9 100 MW to 12 000 1. FEED (Front End Engineering Design) process 1. In Q2, a long-term loan agreement of EUR 45 MW initiated for TwinHub in the UK million, was secured with Glennmont Partners 2. Joint Vent
Slide 11: Market Status
MARKET STATUS • Offshore wind - a market with tailwinds for many years • 2023 was a tough year with a temporary market dip, due to: • Interest rates • Inflation • Supply chain bottlenecks • Delays in schedules and market consolidations • The market is maturing as permit processes and/or auction syst
Slide 12: Outlook 2024
OUTLOOK 2024 • Go through the change of control process for the MunmuBaram project • Establish new ownership structure for MunmuBaram • Full or partial divestment of selected European projects • Increase project maturity in selected projects • Secure long-term financing ANNUAL GENERAL MEETING FOR 20
Slide 13: Head Office
HEAD OFFICE Östra järnvägsgatan 27 111 20 Stockholm, Sweden www.hexicongroup.com