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Fusion Fuel Green PLC(HTOO) - 2022 Q4 - Earnings Call Transcript
2023-02-28 21:52
Fusion Fuel Green PLC (NASDAQ:HTOO) Q4 2022 Earnings Conference Call February 28, 2023 10:00 AM ET Company Participants Ben Schwarz – Head-Investor Relations Frederico Chaves – Co-Head, Board and Executive Committee Member and Chief Financial Officer Zachary Steele – Co-Head, Executive Committee Member and Co-President Conference Call Participants Ben Schwarz Hello, everyone. And welcome to Fusion Fuel Green’s Fourth Quarter 2022 Investor Update. My name is Ben Schwarz and I’m Head of Investor Relations at ...
Fusion Fuel Green PLC(HTOO) - 2022 Q4 - Earnings Call Presentation
2023-02-28 14:30
ALL RIGHTS BELONG TO FUSION-FUEL The forward-looking statements and projections herein should not be regarded as a representation or prediction that the Company will achieve or is likely to achieve any particular results. This Presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, debt or other financial instruments of Fusion Fuel. Use of Social Media as a Source of Material News The Company uses, and will continue to use, its Linked ...
Fusion Fuel Green PLC(HTOO) - 2022 Q3 - Quarterly Report
2022-12-13 23:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of: December 2022 Commission File Number: 005-91913 Fusion Fuel Green PLC (Translation of registrant's name into English) The Victorians 15-18 Earlsfort Terrace Saint Kevin's Dublin 2, D02 YX28, Ireland (Address of principal executive office) Indicate by check mark whether the registrant files or will file ...
Fusion Fuel Green PLC(HTOO) - 2022 Q3 - Earnings Call Presentation
2022-11-28 21:43
Q3 2022 PRESENTATION ALL RIGHTS BELONG TO FUSION-FUEL ALL RIGHTS BELONG TO FUSION-FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (the "Company"). Such statements are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from its expectations, estimates and projections and, consequ ...
Fusion Fuel Green PLC(HTOO) - 2022 Q3 - Earnings Call Transcript
2022-11-28 21:43
Financial Data and Key Metrics Changes - The company reported an operating loss of EUR5.5 million for Q3 2022, driven by EUR4.6 million in operating expenses, which increased due to headcount growth and related tax provisions [14][15] - The pretax loss for the quarter was EUR1.6 million, significantly impacted by a non-cash item of EUR3.8 million from the fair value movement of outstanding warrants [16] - Total assets amounted to EUR61 million, with liabilities at approximately EUR15.6 million [17] - The company holds EUR12 million in inventory and EUR3 million in advanced payments to suppliers, which positions it well to transition inventory into revenue [19][20] Business Line Data and Key Metrics Changes - The company has secured two tech sale contracts totaling EUR7 million in Portugal and Spain, and has commenced work on the Exolum tech sale project in Madrid [10][11] - The HEVO-Chain, a new centralized electrolyzer product, was introduced, expected to disrupt the PEM electrolyzer market [13][66] Market Data and Key Metrics Changes - The company is expanding into North America and Italy, with early-stage opportunities in California and Southern Italy, totaling over 75 megawatts of capacity for 2024 and 2025 production [35][55] - The Inflation Reduction Act in the U.S. is seen as a significant driver for growth, providing substantial financial incentives for hydrogen production [48][49] Company Strategy and Development Direction - The company aims to achieve over EUR40 million in gross revenue in 2023 through technology sales and selling existing projects to financial investors [30] - The focus is on derisking the pipeline by ensuring projects have secured land, grants, and customers, with over 50% of the 2023 pipeline already in permitting [31][32] - The company plans to build a mobility backbone and decarbonize industrial applications, particularly in the Sines region of Portugal [43][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market opportunity for green hydrogen, citing strong financial incentives in both Europe and North America [81] - The company is optimistic about the timing of its entry into the North American market with the Bakersfield project, which is expected to benefit from the IRA [77][80] Other Important Information - The company has applied for nearly EUR80 million in grants, with EUR30 million already secured for one of its projects [26][27] - The company is actively managing its liquidity position through various tools, including VAT reimbursements and the sale leaseback of properties [21][25] Q&A Session Summary Question: What will be the main source of revenue by 2025 or 2030? - Management indicated that HEVO-Solar will take the bulk initially, but HEVO-Chain is expected to overtake it due to a larger addressable market [84] Question: Are there plans to introduce other products across the hydrogen production chain? - Currently, the focus remains on HEVO-centric products, with potential variations but no new product lines expected in the short term [85][86] Question: Is the H2 Pioneros Program all or nothing for the projects involved? - Each project stands on its own; if one moves forward, the others may not necessarily follow [89] Question: Will Bakersfield be a mix of HEVO-Chain and HEVO-Solar? - The company is evaluating both options and will provide updates as the project progresses [92] Question: How will the Bakersfield project be funded? - A 50-50 joint venture is planned, with discussions ongoing for financing from financial investors [96] Question: How much has been invested in the Benavente facility thus far? - Approximately EUR10.1 million has been invested, with expectations for an additional EUR15 million in 2023 [108] Question: What is the current production capacity and expectations for 2023? - The expected production capacity for 2023 is between 40 to 50 megawatts, contingent on project demand [114]
Fusion Fuel Green PLC(HTOO) - 2022 Q2 - Earnings Call Transcript
2022-09-08 19:50
Financial Data and Key Metrics Changes - The company recorded an operating loss of EUR 4.8 million in Q2 2022, with EUR 4 million attributed to operating expenses, including EUR 1.9 million for personnel costs and EUR 1.3 million for non-recurring professional administration costs [19][20] - The company ended the quarter with EUR 10.6 million in cash and cash equivalents and EUR 63 million in total assets, including EUR 32 million related to property, plant, and equipment [22][23] Business Line Data and Key Metrics Changes - The company has made significant progress in the production of its HEVO electrolyzer, with the Benavente facility being the first to produce electrolyzers at mass scale in Iberia [15] - The company has secured over EUR 40 million in grants, enhancing the competitiveness of its projects [37] Market Data and Key Metrics Changes - The company is focusing on the mobility and industrial decarbonization sectors, with plans to build a mobility backbone throughout Portugal and expand into other strategic markets [34][38] - The company is seeing substantial interest in its technology across the Iberian Peninsula, Italy, Greece, and North America, particularly following the Inflation Reduction Act [41] Company Strategy and Development Direction - The company aims to develop a decentralized and scalable approach to green hydrogen production, allowing customers to start small and grow with market demand [39] - The company is actively pursuing strategic partnerships to enhance its growth trajectory and leverage financial or operational scale [65] Management's Comments on Operating Environment and Future Outlook - Management highlighted the energy crisis in Europe and the Inflation Reduction Act in the U.S. as significant opportunities for the company [4] - The management expressed confidence in the company's unique HEVO-Solar solution and its potential to achieve a competitive advantage in the green hydrogen market [12] Other Important Information - The company filed two additional patents to maintain its technological edge in the market [16] - The company is in the process of securing additional grants and has a robust pipeline of projects under development [28] Q&A Session Summary Question: Can you talk about the approval process for the C-5 grant? - The C-5 grant involves multiple companies, and final approval depends on the completion of discussions with the government [57] Question: What milestones need to be met before invoicing the remaining EUR 3.5 million for Benavente? - The remaining amount is based on a proportion of spent, and reimbursement requests will be submitted as production lines are delivered [58] Question: How quickly can production ramp up if demand increases significantly? - It would take around a year to develop additional production lines, but new solutions may allow for faster scaling [60][61] Question: What does EPC turnkey mean in the context of technology sales? - EPC turnkey refers to technology sales that include support for development, permitting, and construction of the entire project [62] Question: How does the pricing work for HEVO-Solar units? - Pricing varies based on additional equipment required for specific projects, which can drive up overall costs [63] Question: What is the company's strategy regarding partnerships? - The company is in discussions with potential strategic partners to enhance growth and leverage financial resources [65] Question: How does the company plan to finance its projects? - The company is exploring various financing options, including debt financing against grants and receivables [66][70] Question: What is the current status of the Evora project? - The company is awaiting the physical connection to the grid to start producing hydrogen and selling electricity [85]
Fusion Fuel Green PLC(HTOO) - 2022 Q2 - Earnings Call Presentation
2022-09-08 15:05
Second Quarter 2022 Results 8 September 2022 ALL RIGHTS BELONG TO FUSION-FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (the "Company"). Such statements are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from its expectations, estimates and projections and, consequently, yo ...
Fusion Fuel Green PLC(HTOO) - 2022 Q1 - Earnings Call Transcript
2022-05-26 22:52
Fusion Fuel Green PLC (NASDAQ:HTOO) Q1 2022 Earnings Conference Call May 26, 2022 10:00 AM ET Company Participants Ben Schwarz - Head of Investor Relations Frederico Figueira de Chaves - Chief Financial Officer Jeffrey Schwarz - Chairman Zach Steele - Co- President of Americas Conference Call Participants Ben Schwarz Hello, everyone and welcome to the Fusion Fuel Green's First Quarter 2022 Investor Update. My name is Ben Schwarz, I'm Head of Investor Relations at Fusion Fuel. I would first like to remind ev ...
Fusion Fuel Green PLC(HTOO) - 2022 Q1 - Earnings Call Presentation
2022-05-26 13:27
Q1 2022 Presentation 24 May 2022 ALL RIGHTS BELONG TO FUSION-FUEL — Disclaimer This presentation includes statements of future events, conditions, expectations, and projections of Fusion Fuel Green plc (the "Company"). Such statements are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from its expectations, estimates and projections and, consequently, you should not ...
Fusion Fuel Green PLC(HTOO) - 2021 Q4 - Annual Report
2022-05-02 10:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...