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' transition to climate neutrality with innovative, scalable solutions.

• Maintains a global presence with over 1,000 employees across 10 locations.

Business segments and technology leadership

• Two main segments: Green Hydrogen (gH2) and Chlor-Alkali (CA), with gH2 accounting for 54% and CA for 46% of FY 2024/25 sales.

• Leading provider of industrial-scale alkaline water electrolysis (AWE) for green hydrogen, leveraging decades of CA expertise.

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

• Continuous innovation in electrolyzer design, including modular 20 MW scalumⓇ units and advanced cell concepts.

Financial performance and outlook

• FY 2024/25 sales reached €845mn, with resilient profitability from CA offsetting temporary EBIT loss from gH2 ramp-up.

• Order intake impacted by delayed gH2 market ramp-up, but CA orders increased 15% YoY.

• EBIT improved due to better gH2 project mix and cost discipline; net financial assets remain strong at €673mn.

• Adjusted FY 2025/26 outlook: group sales €550–670mn, EBIT -€155 to -€135mn, with continued investment in R&D and technology.