{ "docId": "019de075-9f74-76b5-8033-f21d0fbcd6c2", "docSlug": "00d0bda0ad46e3b3c01612d313071a3f", "documentTitle": "Hexagon Purus | Results Presentation Deck | 23 slides", "authorId": "hexagon-purus", "authorName": "Hexagon Purus", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.4138439, "pageNumber": 4, "pageCount": 23, "prevPage": 3, "nextPage": 5, "slideType": "executive_summary", "function": "summarize", "density": "overcrowded", "nDataPoints": 6, "notes": "The slide is a dense text-based executive summary of quarterly performance and operational updates.", "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de075-9f74-76b5-8033-f21d0fbcd6c2/4", "deckHref": "/decks/019de075-9f74-76b5-8033-f21d0fbcd6c2", "deckJsonHref": "/decks/019de075-9f74-76b5-8033-f21d0fbcd6c2.json", "deckAnchorHref": "/decks/019de075-9f74-76b5-8033-f21d0fbcd6c2#slide-4", "components": [ { "bbox": { "h": 0.08, "w": 0.45, "x": 0.52, "y": 0.27 }, "kind": "paragraph", "text": "Activity in the aerospace segment remains robust, and the Company's work with privately held space exploration companies provided meaningful revenue contribution in the second quarter of 2023. The Company is also in several customer dialogues for development programs for on-board hydrogen storage for commercial aviation applications.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "20d5c95f-df56-4a3a-99a5-cc9768f24a9e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.45, "x": 0.52, "y": 0.1 }, "kind": "paragraph", "text": "Development work and project activity within the automotive vertical remains high, and Hexagon Purus is in several dialogues with existing customers and prospective customers for development and potential serial production programs for hydrogen storage solutions for light- and medium/heavy-duty vehicles. Recently, as part of Hexagon Purus' long-term agreement with Nikola from 2021, serial production of hydrogen cylinders for the Nikola TRE fuel cell electric vehicle has commenced, and execution of the first serial production purchase order is expected to take place during the second half of 2023.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "82d80783-f7f9-45dd-bd31-c612493fb490", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.45, "x": 0.04, "y": 0.36 }, "kind": "paragraph", "text": "Hexagon Purus' hydrogen storage solutions are based on its leading type 4 cylinder technology and enables the safe and efficient use of hydrogen in a variety of zero-emission mobility and infrastructure applications.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c8625128-6040-49b1-8215-de84cd34cdff", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.45, "x": 0.04, "y": 0.19 }, "kind": "paragraph", "text": "Increases in equity and non-current liabilities in the second quarter of 2023 compared to the second quarter of 2022 is mainly driven by the NOK 500 million (gross) equity and NOK 800 million (gross) convertible bond private placements in March 2023. At quarter-end, the Company's had a satisfactory equity ratio of 62% (72%).", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d051a37d-11d3-4158-9304-748652b63235", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.45, "x": 0.52, "y": 0.41 }, "kind": "paragraph", "text": "Hexagon Purus currently has three hydrogen cylinders and systems related expansion projects ongoing, that are generally progressing according to plan. In Kassel, Germany, Hexagon Purus is constructing a greenfield hydrogen cylinder engineering and production hub that is to replace the currently co-located facility with Hexagon Composites. The site construction is close to being completed and is scheduled to be officially inaugurated in September 2023. Additionally, Hexagon Purus is increasing its hydrogen storage systems assembly capacity for hydrogen infrastructure applications in Weeze, Germany. The expansion is expected to be completed in the fourth quarter of 2023. In China, the Company is together with its joint venture partner CIMC Enric constructing a hydrogen cylinder production and systems assembly facility in Shijiazhuang. The facility construction is expected to be completed by the end of 2023.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dfc944b1-34ff-4fc9-b879-1e86b4d61695", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.45, "x": 0.04, "y": 0.65 }, "kind": "paragraph", "text": "In July 2023, Hexagon Purus announced the signing of a 5-year framework agreement to deliver hydrogen distribution systems to a leading global energy company. The framework agreement represents a potential sales value of approximately EUR 27 million. Furthermore, Hexagon Purus received in July an EUR 3 million order from a large European OEM to develop and deliver the next generation mobile hydrogen refueling station for 700 bar commercial vehicles. The OEM intends to use the Hexagon Purus' mobile hydrogen refueling station to demonstrate and verify hydrogen energy supply for heavy-duty commercial vehicles. The biggest benefit of Hexagon Purus' mobile refueling stations is the convenience of installation and relocation, coupled with a robust concept that ensures high availability while in operation.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e5269f8c-ed72-420b-bd45-59e7d5be85d7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.45, "x": 0.04, "y": 0.45 }, "kind": "paragraph", "text": "Hexagon Purus' revenue growth continues to be mainly driven by infrastructure applications such as hydrogen distribution, mobile refueling solutions and ground storage. During the second quarter of 2023, Hexagon Purus received purchase orders worth approximately NOK 210 million¹ for hydrogen infrastructure applications such as distribution-, refueling- and stationary storage systems from various customers. Although momentum within the hydrogen infrastructure segment remains strong, and the Company is involved in several sizeable tender processes that may materialize in the second half of 2023, the Company is also registering that certain customers are delaying purchase decisions inter alia due to the current macroeconomic backdrop and constrained financing situations.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f5368ad4-18e4-4ed3-8e01-8021be1eefb8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.45, "x": 0.04, "y": 0.1 }, "kind": "paragraph", "text": "term deposits. Trade receivables increased to NOK 256 (160) million in the second quarter of 2023 and inventory increased to NOK 449 (392) million, as the Company is preparing for a higher activity level in the second half of 2023.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ff3069a5-4358-46c1-95a1-dd12c8859af6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.2, "x": 0.52, "y": 0.37 }, "kind": "title", "text": "Capacity expansion projects", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2bc911a4-13f2-400a-be3e-38644d1fa37c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.28, "x": 0.04, "y": 0.31 }, "kind": "title", "text": "Hydrogen infrastructure and mobility", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5b83ffa7-fbc8-4af3-81dc-7aa1a766196b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Executive summary", "slug": "executive-summary", "agent": null, "layer": "slide", "matchId": "4d74c6e6-5229-405b-ba98-bc6fe259c542", "evidence": "Hexagon Purus currently has three hydrogen cylinders and systems related expansion projects ongoing", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 5, "from": 3, "beatId": "e7ba01d8-aad9-40b7-8352-672aa112ea8d", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Need", "beatSlug": "monroes-sequence-need", "evidence": "The presentation provides an executive summary of the company's financial results.", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [ { "to": 5, "from": 3, "name": "Voice Of Customer", "slug": "51-voice-of-customer", "bestFor": "Product strategy, customer experience, market research", "matchId": "e2264be8-41fc-4f7a-99dc-2a620d0b1976", "evidence": "The executive summary provides an overview of the company's financial performance.", "position": 1, "objective": "Providing financial results", "structure": "What Customers Say (Verbatim) -> The Pattern Across Voices -> The Insight -> The Response", "confidence": 0.6, "description": "Let customer quotes and feedback drive the narrative and validate the insight" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }