Welcome, everyone to this First Quarter presentation.
And I welcome everyone in the room and I welcome, also everyone following this on the web.
As usual, you can ask your questions already now, post them on the link attached and then we will come back and answer the questions or as many as we can at the end of the presentation.
In terms of agenda for today's presentation, as is normal, we will go through Nel in brief and remind new listeners about what Nel is doing and who we are.
We will go through the first quarter highlights and then we will move through the commercial developments that we've seen.
talk Europe. about to politically, is need in especially also a what bit happening We
summarize a briefly we play and Q&As. in Before produce with Nel hydrogen But off and brief. equipment. delivers first, with technology finish and company let leading a developed me is go that Nel summary through pure and in-house outlook
China, We organization in and we are have manufacturing people countries. facilities relevant in Korea, the and Japan, US, other in Europe. And also California,
than leading world's X,XXX than fueling the electrolyzer in fueling -- largest or in different are in And with more have station, we units are more stations have systems XX countries. We the XX we producer deployed are manufacturer hydrogen countries. round different construction where XXX sold also stations, a of about
placed and middle And transition fueling applications hydrogen energy are of equipment hydrogen industries smack equipment. to with Zero. We the enabling the transport production therefore in both transition and Net to we are then
in we gap We applications of a ways and giving the the past. be we transport opportunities accessible and would new and decarbonization that transition between and the to therefore wind in new the will to solar are markets bridging And renewable and access industry power, are not to contributing these have many renewables energy the the and globe.
As I mentioned, locations. three main we have production
the Connecticut, in megawatts we where expand States, United have slightly facility room We But capacity. production XX have we more location. or in than Wallingford do our that to approximately have
both per production gigawatts. we fueling at then locations, Denmark, line. And Herning expand have capacity space stations looking of the we produce Europe we for we of had and facility inauguration are stations where megawatt have fully our US Herøya capacity. And that least round the expansion And further our automated to where our XXX have for facility, X in recently have we facility now about new actively in and XXX to where the year. in We also to produce production we our
We are unique.
longest have the in by industry We the history far.
than more We deployed equipment have else. anyone
We for the have financial are the future position. we with strong and position broadest the prepared technology
So high Nel therefore million And the then XX% the XXX is orders contribution starting of highlights. Herøya up close see the The billion Revenues level this is during to NOK at quarter first move with backlog the at let's over new close that NOK and ended to good, million, in first And that which quarter time year. so same the from the quarter NOK and brief. are we almost added was line. again, X.X of to XXX all which to we last the year.
run the in in equipment all a the bit relevant XXX production production the back or for a an lead these Last HXStation automated more terms the sustainable in presentation. we highlights yesterday, later button through highlights, hydrogen. got obviously but a within In remains And But one sold line. from equipment, fuels. from order of elements that several I'll PO they're we and leader European we will also taxi for PO also got long about least, world, the for Paris which in got running PEM presentation. push very talk We a items not a We Finland, the ordering for come all production electrolyzer Biproraf, and two States. megawatt we largest HXStations for a undisclosed. fully Poland client, PO multiple We station United before the the in Food just PO in PO electrolyzer from fleet in for quickly on to the Europe. in later relevant second, for an I'll securing to and from decided HTECH from for electrolyzer the electrolyzers for fueling containerized Solar got and for And stations
times a we for negative plan the up means effect build ramp on on will prepare is -- That many We the impact EBITDA, communicated and have have build that now year have called We this future and organization, an a negative to for costs. as will future and EBITDA. our it it the it invest. effect previously
it worth it's to we even forward. stronger in and our all both of quarter, that position, allowing an impacted supporting investors on execute continue This by support When have to the as last We to probably our much fluctuate. Now, comes of also means financial accelerate the going in item. it And continue that the pre-tax leading and EBITDA, you've we and just our special past, of X the into a plans, That organization, you investments. fluctuated out cash NOK raised a billion will has technology to very profit, don't to close single us cash. is to part currently our to investments as holding seen, it and muscle us. we’re also thank
on the in through terms we Herøya investments talked are we up get went side. preparing revenue we don't carried fact we the and facility the negative tuning more board. negatively is ramp on about, the that of costs all contributing the that the for flavor on But and the we are for obviously, the quarter, as of the beginning the in full contribution and In and some we organization as as future investing our contribution EBITDA across also the from
that you've seen, As will come later.
global from a We supply also disruptions. have negative chain impact
suppliers to elements this things issues. COVID by, companies cooperate recently, And post our try many work heard really one, mitigate supply Number probably talk very closely to number with the we Ukraine those price -- material and a about understand that as elements clients, our are combination with of which You've are carry to two, of obviously is cannot pass all relevant. of raw these on as that understandable, end increases we when our much potential which possible which customers, chain. do we
raised the book-building we've in X.X in go that March we completed raised which equity of done on proceeds times, mentioned terms covered The It in And proceeds, was, -- time to approximately mentioned, XX, the same of the high, XX% worth the which we again we private will quarter, transaction the about. at about talked basically happy and billion, organization, the of And reporting gross quarter. Last good. it investment time, to some up on largest Nel, When to history time the money, NOKX.X to fast keep in accelerated you group, are we I As XXX orders time. in equipment, comes which is the from placement. corporate every we process we and I for book raising. as purposes. was and actually added close give were is snapshot million backlog, quite NOK which the to we from all We’ll pipeline, we X.X. year, NOK order ended quarter want which general that last of
I time. this assure pipeline I will the Even So I that that continues grow. to it though grow. But cover not continues don't to you you it to can now, show
keep to few complete examples of This FEED this show studies, want you front-end studies. in are but hand, a examples. And FEED other these mind, want is studies. few I time. else I a a about these just talk just not the a list to bit something engineering On are
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it on place of decided When Europe, So that expansions, to second somewhere for yesterday a it was megawatt that. on XXX automated a we in long line. not intend a our order bit we We decided items to have to Herøya. production comes lead fully flavor
simply locations, also available are what in other kind there parts because We we're of to opportunities the we on but have Herøya that of support see expand different to have evaluating world. room
and site we the Herøya initiated therefore we selection on the in last US as in Europe, obviously initiating in both are have -- evaluating other locations. quarter, But We about talked in site for looking actively last partners And a site facility selection to for project and Asia. PEM we're but in find a alkaline also least, combined US. the the production not
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by -- here into COX from through also moving hydrogen, and and so solar basically feeding hydrogen. is using in and it's storage, industry, new which an use. promising the the now capture take We order world producing by basically you wind this not its carbon industry, carbon molecule, And hydrogen got capture
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many You about have think to elements.
target some important Repower days So history and it to recent now important hydrogen. recent massive Russian more green a soon seen to Europe independent Russian that, and after Repower The with of be as transition, an that in decarbonization. includes And announcement, call political accelerate is the This this we've in absolutely on with parallel they let's wouldn't without able that six elements weeks energy talk as EU Ukraine, bit actually. in Europe. make for possible ambitions We invasion the obviously from Europe the hydrogen. about tragic made do
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