SFC Energy : Annual Report 2021 of SFC Energy AG incl. Consolidated Financial Statements and Group Management Report and Report of the Supervisory Board

ANNUAL REPORT 2021

C ONTENT

SFC ENERGY AG - KEY FIGURES															3
LETTER TO SHAREHOLDERS																		5
MILESTONES 2021																		10
SUCCESS STORIES																	16
SUPERVISORY BOARD REPORT															17
SFC ENERGY ON THE CAPITAL MARKETS												26
GROUP MANAGEMENT REPORT													29
CONSOLIDATED FINANCIAL STATEMENTS											89
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS								99
Responsibility statement									174
Independent Auditor's Report									175
CORPORATE GOVERNANCE STATEMENT PURSUANT TO SECTION 315D
IN CONJUNCTION WITH SECTION 289F HGB					187
REMUNERATION REPORT OF THE MANAGEMENT BOARD AND
SUPERVISORY BOARD OF SFC ENERGY AG				200
FINANCIAL CALENDAR 2022/SHARE INFORMATION/INVESTOR-RELATIONS/IMPRINT		220 / 221

SFC ENERGY AG - KEY FIGURES

CONSOLIDATED KEY FIGURES										in EURk
													2021			2020
														01/01 - 12/31	01/01 - 12/31			Change
Sales												64,320			53,223	20.9%
Gross profit												22,638			17,915	26.4%
Gross margin												35.2%			33.7%
EBITDA													- 797		- 986	19.2%
EBITDA margin													- 1.2%		- 1.9%
EBITDA underlying												6,233			2,936	112.3%
EBITDA margin underlying												9.7%			5.5%
EBIT													- 5,105		- 4,501		- 13.4%
EBIT margin													- 7.9%		- 8.5%
EBIT underlying												1,925				- 579				n/a
EBIT margin underlying												3.0%				- 1.1%
Consolidated net loss													- 5,829		- 5,184		- 12.4%
Net loss per share, undiluted													- 0.40		- 0.39			- 3.1%
Net loss per share, diluted													- 0.40		- 0.39			- 3.1%
SALES BY QUARTER																					in EURk
Q1								16,984														2021
							16,119														2020
Q2						14,148
	11,591
Q3						15,344
	11,503
Q4					17,844
				14,010
Q1-Q4																						64,320
																	53,223
SALES BY REGION									in EURk		SALES BY SEGMENT					in EURk
01/01 - 12/31/2021												01/01 - 12/31/2021
										Rest of the world
Asia	377
4,039										Europe	Clean Power					Clean Energy
Germany												42,428
								(without Germany)	Management
6,694
	29,025	21,892

North America 24,186

01

TO SHAREHOLDERS

LETTER TO SHAREHOLDERS	6
MILESTONES 2021	10
SUCCESS STORIES	16
SUPERVISORY BOARD REPORT	17
SFC ENERGY ON THE CAPITAL MARKETS	26