NHOA

Road to Masterplan10x – Where We Stand Today and Where We Are Going

Regulatory News:

In light of the Masterplan10x published on 23 July 2021, NHOA Group (Paris:NHOA) releases an update on the plan and strategic ambitions during Capital Markets Day 2023.

During the event Carlalberto Guglielminotti, NHOA Group CEO, together with Giuseppe Artizzu, NHOA Energy CEO and Stefano Terranova, Atlante CEO, will present a comprehensive analysis of the evolving energy transition markets and an update on NHOA Group's results, technology, competitive global positioning, and vision towards 2030.

2023 Guidance Update

Given the outstanding results registered in H1 2023, NHOA Group has updated 2023 Guidance as follows:

• 2023 Revenue Guidance Update: given the increased visibility of Revenues recognition of NHOA Energy, the realization of the Purchase Orders of Free2move eSolutions in Revenues successfully started in Q2 2023 and the Utilization/Occupancy rate trend in Atlante, Full Year Revenue Guidance is upgraded to €250-280 million (previously €220-280 million). The revised guidance is based on the following key assumptions:
  • no delays in NHOA Energy supply chain delivery schedule;
  • no major impact due to indexed contracts on raw materials and currency fluctuations; and
  • delivery (and the corresponding conversion into revenues) of at least 75% of the purchase orders of Free2move eSolutions by year-end, in line with the trend started in Q2 2023.

• 2023 EBITDA Guidance: because of the revised 2023 revenue guidance and the increased visibility of Revenue recognition of NHOA Energy and the conversion of the purchase orders of Free2move eSolutions in revenues, Management expects 2023 EBITDA at Group level (excluding Atlante) to range between -€6m and €5m, with therefore the ambition to reach EBITDA breakeven at year end. Guidance of the 2023 EBITDA of NHOA energy continues to be at €5 to €10 million.

Road to Masterplan10x – Targets and ambitions 2025-2030

At Group level for 2025 Consolidated Revenues are targeted to reach €700 million with the ambition to have an EBITDA margin of c. 15%.

2030 Consolidated Revenues at Group level are targeted between €3 and €4.4 billion with EBITDA margin target set above 20%.

NHOA Energy

NHOA Energy Revenues target for 2025 is set for at least €400 million with EBITDA of at least €40 million.

For 2030, NHOA Energy targets to reach at least €1 billion revenues with EBITDA of at least €100m.

Atlante

Atlante envisages for 2025 Revenues at around €100 million with EBITDA margin set around 15%, with 5,000 points of charge online.

For 2030, Atlante Revenues target is set between €1.5 and €2.2 billion with EBITDA margin target around 50%.