Ferroamp AB (publ)

So, hello and welcome everyone to quarter report Q1 from Ferro Amp. My name is Kent Jonsson and I am the CEO and I have with me William Ryan, CFO here, to be able to answer questions at the end of this meeting. Today's agenda, here we will focus mostly on questions at the end, it will be the focus. Very short overview first. We have the market's smartest hardware and software platform for the optimization of production and consumption of electricity in properties.

A little from the market here.

Statistics from Swedish solar energy. Here you can see that pre-registrations have steadily increased during quarter one. This will result in an increase in the sale of systems and therefore the number of connected systems under Q2. It is a reduction of normally six to eight weeks from pre-registered to connected. The other picture from the market is that the cost of effects is starting to come now with a larger number of customers. It will be introduced at the latest under 2026. And this has a great impact on villa owners. Here, the energy companies measure the highest consumption during a day, and then they are debited from the highest consumption during one or more hours on average. If you look at a standard villa, it is up to 7,000 more expensive per year, and if you have an electric car, it is approximately 17,000 more expensive. Here we have, with our smart system, the opportunity to save money for customers between 5 and 16 thousand kronor per year. A lot of good things have happened during the period. I was going to mention three things briefly here. The first is just this opportunity to save money. for customers in a simple way. We have now launched Ferro AI and this means that you just turn on Ferro AI via a button in the app and then Ferro AI does all the optimization. And then you can save on effect tariffs up to 16,000. You can also save money on spot price control and increase and maximize your own consumption of your own produced electricity from solar cells. So this is a simple and very good tool that will appeal to the wider mass of customers. A little about Ära. We received the first order from Ära with delivery at the beginning of next year. Here I want to emphasize the important thing, and the important thing here is that this is our first step out of Europe. I think this will be very exciting for us and this will start a really interesting 2026. Vi har också dragit igång en företrädesemission om 76 miljoner. Det här beloppet säkrar vårt likviditetsbehov tills vi är kassaflödespositiva. Täckningsbehovet startar 12 och täckningskursen är 1,31 per aktie. Financially, let's start with the turnover. We see that we have a low turnover in quarter one. We have gone out with these figures earlier in connection with the previous emissions. We come in a little better on turnover and results. Here you can see that we landed at 21. It's a little better than quarter four, but We are, of course, not satisfied with this. It is still a watchful market and most of the systems are sold from Grossisternas lager and not from us. So nothing that contributes to the turnover. A large part of the turnover comes from the sale of batteries. The gross margin is still not satisfied with this gross margin. I think that we will be somewhere, a company like ours will be somewhere north of 40%. And I think that we will get there with the help of the new cost-optimized products that we will put on the market, as well as a normal product mix. The EBITDA, quarter minus 10, is the best since the record quarter Q2 2023. What is worth pointing out here is that in Q2 2023 we converted 143 million in that quarter. Now we only convert 21 million and still have a A comparable result. Of course not satisfied with a minus result, but it goes in the right direction. I'm on the right track at least. Cash flow. Here I would like to point out that if you remove the one-time effects in the quarter, then we have a adjusted operational cash flow of minus eight. So it feels good. I would like to point out again that the storage is going down, but there is still a lot of access to 190 million in sales value with current discounts.