ADS-TEC ENERGY PLC Earnings Call - FY2023
Thomas Speidel (CEO) Wolfgang Breme (CFO)
30.04.2024
2 30.04.2024
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 identified by the use of words such as "may," "might," "will," "would," "could," "should," "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook" and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are based on our current expectations, estimates, projections, targets, opinions and/or beliefs or, when applicable, of one or more third-party sources. No representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only. Such forward-looking statements, which include estimated financial information, involve known and unknown risks, uncertainties and other factors. These forward looking statements include, but are not limited to, express or implied statements regarding our future financial performance, revenues and capital expenditures, our expectation of acceleration in our business due to factors including a re-opening economy and increased EV adoption and expectations related to the effective deployment of chargers. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, without limitation: changes or developments in the broader general market; ongoing impact from COVID-19 on our business, customers, and suppliers; macro political, economic, and business conditions; our limited operating history as a public company; our dependence on widespread adoption of EVs and increased installation of charging stations; mechanisms surrounding energy and non-energy costs for our charging products; the impact of governmental support and mandates that could reduce, modify, or eliminate financial incentives, rebates, and tax credits; our current dependence on sales to a limited number of customers; supply chain interruptions; impediments to our expansion plans; the need to attract additional customers; the effects of competition; and risks that our technology could have undetected defects or errors.
Further information on these and other factors that could affect the forward-looking statements we make in this presentation can be found in the documents that we file with or furnish to the U.S. Securities and Exchange Commission, including our 20-F filed with the SEC on April 30, 2024 and proxy statement/prospectus filed with the SEC on December 7, 2021, which are available on our website at https://adstec- energy.com/investor-relations-corporate-governance/ and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this presentation are based on our current beliefs and on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made or to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.
Industry and Market Data
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Non-GAAP Financial Measures
Some of the financial information and data contained in this presentation, such as Adjusted Cost of Sales and Adjusted Gross Profit, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). This presentation includes non-GAAP financial measures which have certain limitations and should not be considered in isolation, or as alternatives to or substitutes for, financial measures determined in accordance with generally accepted accounting principles in the United States ("GAAP"). The non-GAAP measures as defined by us may not be comparable to similar non-GAAP measures presented by other companies. Our presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that our future results will be unaffected by these or other unusual or non-recurring items. See the "Financial Information - Non-IFRS" slide for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures.
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ADS-TECEnergy ©
3 | 30.04.2024 | ADS-TECEnergy © |
Agenda
- Review FY2023 and Outlook to 2024
- Market Trends and Challenges
- Strategy and USPs
- Financial Highlights
Review FY2023 and Outlook 2024
Thomas Speidel (CEO)
5 30.04.2024
Review FY2023 and Outlook 2024
- Revenue projection of >100m EUR/2023 achieved
- Adjusted EBITDA positive in Q4/23
- Confirmation of 200m EUR target in revenue for 2024
- Increasing number of blue-chip clients
- More than 1,500 battery-buffered DCFC charging points installed
- More than 2,500 charging points shipped and delivered
- Exceeding customer expectations at sites with very high utilization
- Focusing on our core competencies and sustainable growth
ADS-TECEnergy ©
Market Trends and Challenges
Thomas Speidel (CEO)
7 | 30.04.2024 | ADS-TECEnergy © |
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 simply expanding the grid!
8 30.04.2024
Grid fees have already been continuously increasing for the last 14 years.
We must even expect significantly higher grid charges in the future if the forecast grid investments are taken into account
ADS-TECEnergy ©
Grid fees for electricity in Germany by different customer groups until 2023
10,00 | 3.55 % |
9,00 | |
8,00 | 3.07 % |
7,00 |
6,00 | |||||||||||||||||||||||||||||||||||||
5,00 | |||||||||||||||||||||||||||||||||||||
4,00 | 5.81 % | ||||||||||||||||||||||||||||||||||||
3,00 | |||||||||||||||||||||||||||||||||||||
2,00 | |||||||||||||||||||||||||||||||||||||
1,00 | |||||||||||||||||||||||||||||||||||||
0,00 | In Cent (EUR) pro kW | ||||||||||||||||||||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | ||||||||||||||||||||||||
Household Customers | Commercial Customers | Industrial Customers | |||||||||||||||||||||||||||||||||||
Quelle: Bundesnetzagentur; Bundeskartellamt
9 | 30.04.2024 | ADS-TECEnergy © |
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 30.04.2024
Electric cars are the future!
Public acceptance of e-mobility is growing steadily.
- Decreasing sales prices of electric vehicles
-
Savings due to better TCO compared to
ICE vehicles - Increasing number of charging points within the countries
- CO2 reduction plans
ADS-TECEnergy ©
EV Stock (Passenger Cars) in Million Units
140
120 | 117,0 | ||||||||||||
111,0 | |||||||||||||
100 | 104,0 | ||||||||||||
EU | 91,0 | 94,0 | |||||||||||
80 | 78,0 | 77,0 | |||||||||||
60 | 65,0 | 61,0 | |||||||||||
54,0 | US | ||||||||||||
43,0 | 48,0 | ||||||||||||
40 | |||||||||||||
37,0 | |||||||||||||
34,0 | |||||||||||||
26,0 | 28,0 | ||||||||||||
20 | 19,0 | 15,0 | 20,0 | ||||||||||
13,0 | 10,0 | ||||||||||||
9,0 | |||||||||||||
6,0 | 7,0 | ||||||||||||
5,0 | |||||||||||||
0 | 3,0 | ||||||||||||
2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | |
US: Battery-Electric-Vehicle [BEV] | EU: Battery-Electric-Vehicle [BEV] |
Source: P3 Group
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ADS-TEC Energy plc published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 17:26:03 UTC.
