Kempower

Powering planet cool. We charge our planet for the better by powering the electric movement. We enable quick and scalable EV charging solutions for everyone and everywhere. We make it positive. We believe in the power of positive energy. We see opportunities where others see obstacles. As a team, we create success for us all and add value to people's lives. We make it quick. We like our charging experience fast and easy. We are quick to respond and quick to deliver. Our service is easy to sell and buy. We make it click. We make the most user-friendly EV chargers that become future standards. Our products just click. They are flexible to integrate and to scale. We make it happen. We empower the EV evolution and create a cleaner and more quiet environment for us all. We inspire our audiences to join the electric movement, plug in and be the change.

Hi, everyone, and welcome to this webcast where we present Ken Power's financial results for the second quarter 2025. My name is Paula Savonen. I am the VP of Communications at Ken Power and the host today. Today we have two presenters. We have our CEO, Basker Koshal, and our CFO, Jukka Kainulainen. You can ask questions any time during the presentations by typing the questions in the Q&A box on the screen, and we take all the questions in the end. But now, today it's a special day for us as our new CEO, Basker Koshal, presents the financial results for the first time. Welcome, Basker.

Well, thanks, Paula. And good afternoon, everyone. It's so great to be here. So I joined ChemPower on 2nd of June, and I'm truly honored that the board has entrusted me to lead this company at such an exciting and critical stage in its journey. So since I've joined over the last few weeks, I've spent a lot of time listening and engaging deeply with our teams, with our customers, with our key partners and stakeholders in the industry. And what I'm learning is all about the opportunities and the challenges that we must navigate together. Overall, I'm feeling truly inspired and excited. Inspired by leading a team which is so purpose and mission driven. And excited about what we are building together to serve that mission. So what is that mission that excites me, that brought me here? At this stage of my life, I want to dedicate to solving for what I think are two of the biggest problems in our planet and world, the transition to sustainable energy and emissions reduction. At the heart of these challenges is the transition to EVs. And at the heart of that transition is having a fast-charging infrastructure that enables that transition. And ChemPower's mission to build the best in class fast charging systems that are smart, innovative, and help solve those problems. So that is that mission that we are all working as a team on and that greatly inspires and drives us. And today, I'm very pleased to announce for the first time as the CEO of ChemPower the quarterly results. And I want to start by thanking the 800 ChemPowerians around the world that helped deliver a strong quarter. So let me start with a few key financial highlights from the second quarter. Our order intake, we saw strong growth, up 37% year on year in Q2. Revenue growth is improving. We're up 9% in the second quarter versus prior year. We saw a significant improvement in the operative EBIT, approximately 7 million euros improvement year on year. And for the quarter, we had a positive operating cash flow. A couple of highlights from the quarter. Our order intake of 74 million was the second highest quarterly order intake in company's history. And second, North America, our North America business had a standout quarter. Revenues grew 31% year on year and order intake was up 150%. We see strong momentum building in that market. Let me talk a little bit about the overall market and what we see there. We're seeing an improvement in the key indicators that drive the EV market and the charging infrastructure. in Europe and North America, year to date, we see that the new BEV registrations are up 16% and new public fast charging installations are up 10%. Now, overall, our belief is that electrification remains a question of how fast it will happen, not a question of if it will happen. And there are very few segments that will grow as fast as DC chargers over the course of the next five years. And that makes me tremendously optimistic and excited about our industry as well as ChemPower's prospects. So next, I want to highlight a few key priorities that based on everything I'm listening and what I see will help ChemPower deliver now and position us for the future. And these are number one, we need to grow by winning with our customers. Second is to always lead with differentiated technology through innovation. And third is to deliver through operational excellence. And we need to do that with a winning culture where all Kemparians actively contribute and embrace the winning spirit. Let me touch upon each of these. I'll start with winning with customers. We win when our customers win using our solutions. It's our job to make sure that we provide them with differentiated solutions that serve them throughout the lifecycle of that solution. And we need to do it with customer-centric teams, whether it's ChemPower teams or teams that are our partners. And when we do that, we build deep, long-lasting relationships with our customers, where they see us as essential to their success. And in the second quarter, we're starting to see exactly that, that customers trust and rely on our solutions. I'll share a few examples. A Lego, a leading charge point operator, has picked ChemPower as one of its preferred suppliers. SkyCharger, a fast-growing North American charge point operator, has picked us for their San Francisco International Airport charging hub. EV Realty, a US fleet charging hub leader, and Circle K, a leading global energy retailer, has picked us for our solutions. So the bottom line is that we are winning. By the way, I missed, we also are growing our customer base. We acquired 15 new customers in the quarter. And these customers are coming from different regions and customer segments. Listed here are a few examples of German e-bus charging infrastructure. There's Italian customers. There's Australia, Middle East, as well as many in Asia. So we see that we're winning with our customers and that our growth is broad-based across different regions and customer segments. Next, let me talk about our second key priority that I see. Innovation is in the DNA of ChemPower. And we always need to lead with differentiated technology. And we see evidence of that through the solutions and products that we've launched in the second quarter. I'll start with ChemPower More. More is more power and more plugs. We can now deliver up to 1.2 megawatt power through up to 12 satellites, which is the industry's highest power in plugs. This solution makes it ideal for large charge point operators and fleets and solidifies our technology leadership in the satellite hardware space and dynamic charging. Second, I want to talk a little bit about ChargeEye, our charging management software platform. I've led IoT and digital businesses in the past, and what I see in ChargeEye is something that is differentiated. the features, the functionality, how it integrates with our customer systems. It provides benefits to our customers, such as driving higher levels of uptime through predictive maintenance, driving energy cost reduction through energy management features. These are all very vital things that our customers are seeing, and they're placing our trust through ChargeEye. It's a SaaS-based software subscription that our customers are increasingly buying. And overall, we see that ChemPower is being recognized as the leader in technology. We were recently ranked number one by Monta as the number one DC fast charging system provider. And this was based on key criteria, key success factors for our customers, uptime, reliability, charge success rate, and user satisfaction. And I believe ABI also ranked us as number one. So the bottom line is innovation needs to deliver differentiated technology, especially in a highly competitive industry such as ours. And that's what we are doing and will stay laser focused on for the future as well. Let me talk a little bit about our third key priority and a couple of updates from the second quarter. That's operational excellence. Where does that show up? That shows up in our delivery performance to our customers. That's the order to delivery. Shows up in our quality that we deliver in our products. as well as the productivity that we deliver from our operations in Finland and in North Carolina. In the first few weeks, I've observed and seen that we have a strong foundational, strong operational excellence foundation to build on. During my Gemba walks through our LATI operations, I've observed firsthand the processes and automation that have been put in place to deliver the highest levels of quality consistently On the right-hand side of this page is our power module stress test stand. Every power module rolling off our lines is stress tested under extreme temperature conditions under maximum power. And that's the type of testing and processes that are needed to deliver the highest levels of quality and reliability to our customers. So this is clearly an area that is a key enabler of our growth for the future, but also something that we need to deliver best-in-class service to our customers. So continuous improvement, agility, operational excellence will be things that we will continue to focus on as an organization and invest in. Now through all of this, I want to come back to our mission. Are we making progress? Are we having an impact? And the answer is yes. In second quarter, we crossed 1 billion kilowatt hour of energy delivered through 26 plus million charging sessions around the world. By doing that, we avoided 600,000 tons of CO2. Now that's impact for our planet. Now I want to conclude with the following. First, Q2 is a positive step forward. and it's aligned with our expectations and guidance for this year. Second, we are well positioned to capitalize on the opportunities from the market. And third, we'll continue to stay focused on execution. We'll stay focused on the key priorities that I just talked about, on winning shares, staying agile to make sure that we can react to the market conditions as well. And with that, I will turn it over to Jukka to do a deeper dive on the financials. Thank you.