thyssenkrupp nucera (NCH2) Investor presentation summary

Strategic vision and business model

• Focused on driving sustainable industrial transformation through cutting-edge electrolysis technologies for green hydrogen and chlor-alkali markets.

• Operates an asset-light business model with a strong balance sheet to support future growth.

• Supports customers in achieving climate neutrality with reliable, innovative solutions at industrial scale.

• Over 1,000 employees across 10 global locations, with a diversified project pipeline.

Business segments and technology leadership

• Two main segments: Green Hydrogen (gH2) and Chlor-Alkali (CA), both leveraging decades of electrolysis expertise.

• gH2 segment uses Alkaline Water Electrolysis (AWE) technology, with ~3.5 GW of projects under execution.

• CA segment holds ~50% global market share, with over 600 projects and 10 GW installed capacity.

• Continuous innovation in cell design, modularization, and digitalization to enhance efficiency and safety.

Financial performance and outlook

• FY 2024/25 sales reached €845mn, with CA contributing 46% and gH2 54%.

• EBIT improved to €2mn in FY 2024/25, driven by gH2 margin gains and cost discipline.

• Net financial assets increased to €673mn, providing resilience and growth capacity.

• Adjusted FY 2025/26 outlook: group sales €450–550mn, EBIT for CA €45–65mn, gH2 EBIT -€125 to -€90mn.