Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Shareholder Meeting (April 2023)
37 slides from Alfen Nv's shareholder meeting presentation, Apr 6, 2023
Slide 1: Annual General Meeting of Shareholders 2023
Annual General Meeting of Shareholders 2023 Amsterdam, the Netherlands 6 April 2023 1
Slide 2: Disclaimer
Disclaimer This communication may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward- looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expec
Slide 3: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 4: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 5: Your hosts for today
Your hosts for today Supervisory Board Management Board Marco Roeleveld Jeroen van Rossen Michelle Lesh CEO CFO CCO 5
Slide 6: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 7: 2022 highlights, Setting the stage for growth, Financials and outlook
1 2022 highlights 2 Setting the stage for growth 3 Financials and outlook 7
Slide 8: Alfen's highlights of 2022
Alfen’s highlights of 2022 • FY 2022 revenue grew 76% to €439.9m compared with FY 2021 (€249.7m). • Adjusted EBITDA up 115% to €79.4m (18.0% of revenue) versus €36.8m (14.8% of revenue) in 2021. • Adjusted net profit grew 146% to €54.4m versus €22.1m in 2021. • Alfen provides full-year 2023 revenue
Slide 9: Revenue growth of +76% in 2022 compared to 2021
Revenue growth of +76% in 2022 compared to 2021 Revenues and other income (€ million) Energy storage Energy storage • 2022 revenues were €45.5m, a 157% growth compared with €17.7m in 2021. Smart grids • The battery energy storage market picked up momentum after COVID-19 headwinds. • The backlog that
Slide 10: Strong increase in adjusted EBITDA in 2022
Strong increase in adjusted EBITDA in 2022 Adjusted EBITDA (€ million) +115% • Adjusted EBITDA amounted to €79.4m (18.0% of revenue), an 79.4 increase of 115% versus €36.8m (14.8% of revenue) in financial year 2021. 36.8 • The adjusted EBITDA margin improvement is a result of Alfen’s operational lev
Slide 11: Affordable & clean energy
Affordable & clean energy Management of customer relationship 3.8 283,000 Million tonnes CO2e Households supplied with emissions avoided renewable energy in 2022 a4 Potentlelly avoided emissions by Alfen Number of households in 2022 charge points that have been powering that were potentially supplie
Slide 12: 2022 highlights, Setting the stage for growth, Financials and outlook
1 2022 highlights 2 Setting the stage for growth 3 Financials and outlook 12
Slide 13: Alfen continues to deliver strong international revenue growth
Alfen continues to deliver strong international revenue growth Growing international revenues 2018 Alfen’s revenues outside of the Netherlands (within Europe) 2019 (in € millions and as % of group revenues) 2018 222.7 CAGR +83% 95.8 51% 61.4 10.9 24.9 39.1 2014 32% 38% 15% 24% 27% 1937 2020 2017 201
Slide 14: (International) growth was underpinned by many commercial successes
(International) growth was underpinned by many commercial successes Selected examples EV charging Smart grids Energy storage Secured a contract with BAM- Signed a framework agreement Strengthened our relationship Aecom/Shell to roll out fast with KatoenNatie to rollout with WAAT, which led to severa
Slide 15: Alfen keeps investing in innovation across all business lines
For that reason, Alfen keeps investing in innovation across all business lines Selected examples of innovations in 2022 Implemented the ISO 15118 standard end-to-end EV charging Matured its platform for future feature development Introduced an innovative cover for the high voltage transformer covers
Slide 16: Alfen continues to invest for further growth
Alfen continues to invest for further growth Alfen expanded its personnel Alfen automated parts of the Alfen started building a new across the company from production lines for EV facility in Almere that will be 683 FTE at 31 December charging. 3x larger than our current 2021 to 893 FTE at 31 larges
Slide 17: 2022 highlights, Setting the stage for growth, Financials and outlook
1 2022 highlights 2 Setting the stage for growth 3 Financials and outlook 17
Slide 18: Income statement
Income statement In € ‘000 2022 2021 Revenue and other income 439,876 249,679 • Revenue and other income increased 76% from €249.7m in 2021 to EV charging 251,761 103,769 €439.9m in 2022, driven by growth across all business lines: EV charging equipment (+143%), Smart grids solutions (+11%), and Ene
Slide 19: Balance sheet
Balance sheet In € ‘000 31 Dec 31 Dec 2022 2021 Non-current assets 58,678 43,119 • Capital expenditure amounts to €21.0m (or 4.8% of revenues) Current assets 262,396 151,065 compared to €11.7m (or 4.7% of revenues) in 2021. Capex includes investments in new moulds for our EV Charging and Smart Grids
Slide 20: Alfen will host a Capital Markets Day
Time | Wednesday May 10th 2023 Alfen will host a Location | London, United Kingdom Capital Markets Day Aim • Update on business strategy • Update on financial objectives 20
Slide 21: 2023 outlook
Alfen anticipates that markets will continue to develop favourably driven by the energy transition Alfen anticipates supply chain pressures to continue into 2023 and continues to deploy mitigating actions against supply chain pressures 2023 outlook Alfen anticipate further growth in 2023. We plan to
Slide 22: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 23: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 24: Annual General meeting Alfen N.V. April 2023
6 April 2023 Annual General meeting Alfen N.V.
Slide 25: Audit 2022 Alfen N.V.
Audit 2022 Alfen N.V. Audit opinion Scope and materiality Unqualified audit opinion Full scope audit Alfen B.V., Alfen ICU B.V. and Alfen Elkamo Oy. Materiality: € 3.5 million Reporting threshold : € 175,000 Fraud risks Key audit matters Going Concern Management override of controls Estimates in con
Slide 26: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 27: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 28: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 29: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 30: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 31: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 32: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 33: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 34: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 35: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 36: Agenda for today's AGM
1 Opening 2 2022 Annual Report A. Report of the Management Board for 2022 B. Remuneration Report for 2022 (advisory vote)* C. Proposal to adopt the Financial Statements for 2022 as included in the 2022 Annual Report* 3 Reservation and dividend A. Explanation of dividend and reserve policy B. Explana
Slide 37: 37
37