thyssenkrupp nucera (NCH2) investor relations material

Executive summary

• Delivered a solid quarter with strong performance in the chlor-alkali segment, robust project execution, and a healthy sales pipeline, including major new orders from China and successful projects in Brazil and the US.

• Advanced green hydrogen projects with a major long-term service agreement in Spain, a strategic partnership with BHEL in India, and the Neom project nearing completion.

• Regulatory and funding frameworks in the EU, India, and Japan are driving green hydrogen demand, supporting a substantial project pipeline and future growth.

• Strategic decision to halt in-house SOEC stack production due to insufficient short-term market readiness, resulting in a one-time EBIT impact and future cost savings.

• Order intake nearly doubled year-over-year in the first nine months, driven by strong growth in both green hydrogen and chlor-alkali segments.

Financial highlights

• Q3 order intake reached EUR 81 million, up 29% year-on-year; nine-month order intake nearly doubled to EUR 471 million.

• Q3 sales declined 21% year-on-year to EUR 145 million; green hydrogen sales fell to EUR 36 million, while chlor-alkali sales rose 34% to EUR 109 million.

• Nine-month group sales declined 47% year-on-year to EUR 354 million, mainly due to maturing green hydrogen projects.

• Q3 EBIT was stable at EUR -2 million; nine-month EBIT was EUR -69 million, impacted by EUR 50 million in one-time project costs.

• Net financial assets stood at EUR 627 million at end of June 2026, reflecting a strong balance sheet.

Outlook and guidance

• Updated FY order intake guidance to EUR 550–670 million, narrowing the previous range.

• Group sales expected at EUR 450–500 million; EBIT forecast revised to EUR -105 to -75 million due to SOEC impairments.

• Green hydrogen sales expected at EUR 100–130 million; EBIT for the segment at EUR -155 to -135 million.

• Chlor-alkali sales guided at EUR 320–400 million, EBIT at EUR 45–65 million, with expectations to reach the midpoint.

• Anticipates a new green hydrogen project award within calendar year 2026.