Forsee Power (FORSE) AGM 2025 presentation summary

Strategic direction and market outlook

• Transitioning listing to Euronext Growth Paris to better align with company size and growth profile, aiming for reduced administrative costs and enhanced investor base.

• Facing challenging market dynamics, including revenue declines with key clients, price pressures, and delayed project launches, especially in the US and rail sectors.

• Anticipates 2025 revenue of €120-125M with an adjusted EBITDA of approximately €(3)M.

• Strong pipeline of tenders worth €1.2B, with significant opportunities expected from 2027 across Europe, North America, and Asia-Pacific in bus, rail, and off-highway markets.

• Long-term value creation strategy focuses on supporting profitability, cash improvement, and positioning for the electric mobility future.

Financial and operational measures

• Plans to improve cash position through a €20M capital increase and renegotiation of credit lines, targeting over €50M in total financing.

• Short-term profitability to be enhanced by cost reductions from restructuring, workforce adjustments, and product portfolio optimization, aiming for up to €20M in savings.

• Emphasizes a standardized, flexible technology platform and a refined product roadmap to meet diverse client needs.

Business model and competitive advantages

• Focuses on selective high-potential markets requiring varied battery solutions and charging modes.

• Maintains a diversified global client base, including major OEMs, and offers international manufacturing and service presence.

• Leverages independent battery expertise, multi-sourcing, proprietary BMS, and advanced innovation in battery technologies.

• Provides global after-sales support, predictive maintenance, and data analytics to optimize battery life.