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    NEL   NO0010081235

NEL ASA

(NEL)
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Nel : Q3 2021 Quarterly Presentation

10/21/2021 | 01:14am EST

Q3 2021

Jon André Løkke, CEO 21 October 2021

Forward-looking information

This Presentation includes and is based, inter alia, on forward-looking information and statements relating to the business, financial performance and results of Nel ASA and/or industry and markets in which it operates that are subject to risks and uncertainties that could cause actual results to differ materially from the statements expressed or implied in this Presentation by such forward-looking statements. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Nel ASA and Nel ASA's (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects", "believes", "estimates" , "aims", "anticipates", "intends", "plans", "projects", "targets" or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for Nel ASA's businesses, raw material prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and other factors.

Although Nel ASA believes that its expectations, estimates and projections are based upon reasonable assumptions, it can give no assurance that these will be achieved or that forecasted results will be as set out in the Presentation, and you are cautioned not to place any undue reliance on any forward-looking statements. Nel ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Nel ASA nor any of its, or its subsidiaries' directors, officers or employees will have any liability to you or any other persons resulting from your use of this Presentation. This presentation was prepared in connection with the Nel ASA third quarter 2021 presentation 21 October 2021. Information contained in this Presentation is subject to change without notice and will not be updated. This Presentation should be read and considered in connection with the information given orally during the presentation. The Nel ASA shares have not been registered under the U.S. Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. The global Covid-19 pandemic is expected to continue to cause disruptions in Nel ASA's operations and financials in the near- and medium- term. Production, order intake, customer dialogue, installations, commissioning and associated revenue recognition have all been impacted by "stay home" policies and the general business slowdown.

2

Agenda

  • Nel in brief
  • Q3 highlights & financial review
  • Quarterly developments
  • Other key developments
  • Update on Herøya capacity expansion
  • Summary / Outlook
  • Q&A

3

THIS IS NEL

Leading pure play hydrogen technology company with a global footprint

Pure play hydrogen

Manufacturing facilities in

World's largest electrolyser

Leading manufacturer of

technology company listed

Norway, Denmark, and U.S.,

manufacturer, with >3,500

hydrogen fueling stations,

on Oslo Stock Exchange

and a global sales network

units delivered in 80+

with ~120 H2StationTM

(NEL.OSE)

countries since 1927

solutions delivered/in

progress to 14 countries

4

THIS IS NEL

Strong field know-how and manufacturing capacity

PEM electrolysers

Alkaline electrolysers

Hydrogen refueling stations

Wallingford, USA

Notodden/Herøya, Norway

Herning, Denmark

Systems delivered: 2,700+

Systems delivered: 800+

Stations delivered: ~120

Production capacity: >50 MW/year

Production capacity: 500 MW/year (~2 GW/year)

Production capacity: 300 HRS/year

History: 23 years

History: 90 years

History: 16 years

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

NEL ASA published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 05:13:06 UTC.


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Sales 2021 814 M 91,4 M 91,4 M
Net income 2021 -1 348 M -151 M -151 M
Net cash 2021 2 333 M 262 M 262 M
P/E ratio 2021 -14,4x
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Capitalization 18 861 M 2 127 M 2 119 M
EV / Sales 2021 20,3x
EV / Sales 2022 14,7x
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Number of Analysts 18
Last Close Price 12,92 NOK
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Jon AndrÚ L°kke Chief Executive Officer
Kjell Christians Bj°rnsen Chief Financial Officer
Ole Enger Chairman
Anders Soreng Chief Technology Officer
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