Equity financing line

La Motte-Fanjas, August 16, 2019 – 8:30 am (CEST) – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329)

In accordance with the equity financing line agreement entered into with Kepler Cheuvreux on 13 September 2017, McPhy announces today that it has drawn down:

  • 30,000 shares
  • at a price of €4.29

As a result, the share capital amounts to €1,760,196.84 represented by 14,668,307 shares.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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Excellent sales momentum

• Revenues of €4.3 million in the first half of 2019, up 23% compared to the first half of 2018
• As previously announced, over €5 million in orders booked during the period
• Two new orders for a total of €2 million recorded in July
• Confirmation of medium-term growth prospects

La Motte-Fanjas (France), July 30, 2019 – 5:45 pm (CEST) – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, today announces its results for the first half of 2019.

The confidence of our partners and the substantial opportunities offered by the carbon-free hydrogen market confirm our medium-term growth prospects.”

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, states: “The beginning of 2019 has confirmed McPhy’s excellent sales momentum, with over 7 million euros in orders recorded in France and abroad at the end of July.

Among our commercial successes, we notably received orders for 7 stations regarding the deployment of hydrogen mobility in France, an order for heavy-duty vehicle mobility in Germany and the largest ever order for 11 electrolyzers for the Bangladesh Meteorological Department.

Our technological lead on the hydrogen mobility market will be strengthened with the launch of our “Augmented McFilling” hydrogen station. The latter will offer innovative, proprietary and patented architecture managed by McPhy’s smart supervision software that will make the station dynamically reconfigurable.

In June, alongside our partners ENGIE and SMT-AG (the Artois-Gohelle transport authority), we inaugurated, in the Hauts-de-France Region, France’s first refueling station for hydrogen buses, which is equipped with McPhy technologies.

The confidence of our partners and the substantial opportunities offered by the carbon-free hydrogen market confirm our medium-term growth prospects”.

Simplified income statement

Limited review of half-year consolidated accounts approved by the Board on July 30, 2019

Results for the first half of 2019

McPhy recorded a 23% increase in revenues to €4.3 million in the first half of 2019, compared with €3.5 million in the first half of 2018, notably driven by the delivery of the station for refueling the first 100%-hydrogen bus line in France. The extra costs incurred by this first reference for McPhy impacted the increase in other operating expenses (€3.0 million in the first half of 2019 versus €2.5 million in the first half of 2018).

Personnel costs totaled €3.5 million versus €3.1 million in the first half of 2018 (+€0.4 million). This increase was due to the strengthening of the teams, notably the operational and sales teams, to absorb the growth in activity during the first half of the year and prepare for the acceleration expected in the second half. At June 30, 2019, McPhy had a cash position of €8.7 million.

Lastly, within the framework of the Pushy project, in accordance with the contract terms and as expected by McPhy, Bpifrance Financement informed the Company, in July 2019, of the cancellation of the repayment of the debt on the balance sheet for €3.5 million (including €0.4 million of debt discounting). This cancellation will be written down in accounts during the second half of 2019.

The following table indicates the value of the loans and financial debt before and after the cancellation of the repayment of this debt.

2019 highlights

• Excellent sales momentum for McPhy, with over €7 million in orders booked in France and abroad

Orders booked and announced during the first half of 2019:

  • Order for 6 stations for the deployment of hydrogen mobility as part of the “EAS-HyMob” project in the Eure and Calvados departments (Normandy)
  • Order for a 40 kg per day 30-bar electrolyzer for a hydrogen station in Chambéry, as part of the Auvergne-Rhône-Alpes region’s “Zero Emission Valley” project
  • Order for 2 MW of high-power electrolysis in Germany for the Energy market, taking the high-power electrolysis capacity implemented by McPhy to 16 MW
  • Largest ever order for McPhy’s PIEL product range, with 11 electrolyzers for the Bangladesh Meteorological Department

Orders booked in July 2019:

  • Order for a McFilling 200-350 station in Germany, as part of a similar project to the one undertaken with the SMT-AG transport authority, following an order for the deployment of a McLyzer 400-30 electrolyzer from the same client at the beginning of the year
  • Order for an additional station, as part of the “EAS-HyMob” project in Normandy, taking the total number of McFilling hydrogen stations already or currently being installed to 23, thus strengthening McPhy’s solid positioning on the carbon-free mobility market

• Launch of “Augmented McFilling”, McPhy’s new smart hydrogen station architecture for heavy-duty vehicles

  • Patent filed for the “Augmented McFilling” hydrogen station for heavy-duty vehicles, which is able to address the massive hydrogen needs inherent to the necessary decarbonization of heavy-duty transport and long-distance vehicles (trains, trucks and buses)
  • Innovative architecture that combines compression, storage, cooling and vehicle delivery functions
  • Managed by McPhy’s smart supervision software, which makes the station dynamically reconfigurable for an infinite number of usage scenarios and real-time adaptation to clients’ requirements with no capacity limits

• Inauguration of France’s first refueling station for hydrogen buses

  • In the presence of the project’s partners, on Friday June 21 in Houdain (Hauts-de-France Region), the Artois-Gohelle Transport Authority (SMT-AG) inaugurated France’s first refueling station for hydrogen buses
  • The entire clean hydrogen production, storage and distribution chain is equipped with McPhy technology
  • A genuine innovation in France, this 100% hydrogen bus line and its dedicated refueling station are precursors of the “zero emission mobility” revolution that is becoming increasingly widespread in France, Europe and globally

Upcoming financial communication

2019 annual revenues: Tuesday January 28, 2020, after market.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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Equity financing line

La Motte-Fanjas, July 22, 2019 – 8:30 am (CEST) – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329)

In accordance with the equity financing line agreement entered into with Kepler Cheuvreux on 13 September 2017, McPhy announces today that it has drawn down:
• 25,000 shares
• at a price of €4.64

As a result, the share capital amounts to €1,756,596.84 represented by 14,638,307 shares.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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Keep up with our news by following us on

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Inauguration of France’s first refueling station for hydrogen buses

• In the presence of the project’s partners on Friday June 21 in Houdain, the Artois-Gohelle transport authority (SMT-AG) inaugurated France’s first refueling station for hydrogen buses
• The entire clean hydrogen production, storage and distribution chain is equipped with McPhy technologies

La Motte-Fanjas (France), June 26, 2019 – 8:30 am (CEST) – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production and distribution equipment, is equipping the first refueling station for hydrogen buses in France with its McLyzer and McFilling technologies.

By opting for hydrogen mobility, the SMT-AG is combining passenger comfort and service continuity while helping reduce atmospheric pollution and improve public health.”

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, states: “We are proud to contribute, with our technologies and products, in this innovation in France that has enabled us to set up, in the Hauts-de-France region of northern France, the first McPhy station for hydrogen buses. With its state-of-the-art research and innovation and first-rate industrial infrastructure, McPhy provides its expertise in producing and distributing hydrogen. Our McLyzer electrolyzer will produce on site and from renewable electricity of certified French origin supplied by ENGIE, the clean hydrogen for a high-capacity McFilling hydrogen refueling station with a high service rate. The public transport sector is in the midst of a revolution. By opting for hydrogen mobility, the SMT-AG is combining passenger comfort and service continuity while helping reduce atmospheric pollution and improve public health. We would like to thank the SMT-AG and our client, ENGIE, via its subsidiary GNVERT, for their trust”.

First 100% hydrogen bus line in France

The SMT-AG has attributed to ENGIE, via its subsidiary GNVERT, the design, supply, installation and maintenance of the Houdain-Divion hydrogen gas distribution station. It will enable the refueling of six hydrogen buses that will be deployed on the new BHNS (High Level Service Bus) bus line connecting Bruay-La-Buissière and Auchel.

This innovative project is equipped with McLyzer and McFilling technologies. Clean hydrogen will be produced on site by electrolysis, from renewable electricity of certified French origin, before being distributed by the station. Fifteen minutes of refueling will give the buses over 300 km of autonomy.

In its current configuration, the McPhy station can produce and deliver more than 200 kg of clean hydrogen a day. Its capacity can be increased by 30% without changing the facility’s total surface area, if required by the SMT-AG’s future needs.

A genuine innovation in France, this 100% hydrogen bus line and its dedicated refueling station are precursors of the “zero emission mobility” revolution that is becoming increasingly widespread in France, Europe and globally.

Clean hydrogen production, storage and distribution process | Credit: SMT-AG

Bus station with hydrogen production: McPhy technologies | Credit: SMT-AG

Upcoming financial communication
2019 first-half results: Tuesday 30 July 2019 after market close

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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All resolutions recommended by the Board of Directors were approved

La Motte Fanjas, May 27, 2019 at 5:45 pm – The Combined Extraordinary and Ordinary General Shareholders Meeting of McPhy was held on May 23, 2019 at the Hôtel IBIS STYLES, Valence TGV, at Alixan (Drôme), France.

Shareholders present or represented totaling 6 584 318 (53.54%) voting rights, adopted with a large majority all the resolutions recommended by the Board of Directors.

Commenting on the company’s outlook, Pascal Mauberger, confirmed his confidence in pursuing a dynamic of growth and improved profitability in a buoyant market.

Upcoming financial communication

2019 first-half results: Tuesday 30 July 2019 after market close

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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Keep up with our news by following us on

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McPhy launches “Augmented McFilling”, its new smart hydrogen station architecture for heavy duty vehicles

• “Augmented McFilling”: an innovative, proprietary and patented architecture integrating software intelligence that makes the hydrogen station dynamically reconfigurable
• For an infinite number of usage scenarios and real-time adaptation to customer needs, with no capacity limits
• In perfect adequacy with the massive hydrogen needs induced by the necessary decarbonation of heavy transports and long-distance vehicles (trains, trucks and buses)

La Motte-Fanjas, April 1st, 2019 – 8:00am – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, launches at the Hannover Messe its new range of hydrogen stations, intended to decarbonize heavy transports and long-distance vehicles.

This innovative combination of shared functions and dynamic reconfiguration of the station’s operating scheme allows us to provide our customers with an infinite number of usage scenarios, adapted to their needs in real time and in a perfectly transparent way, without capacity limits.

Pascal Mauberger, McPhy’s Chairman and Chief Executive Officer, states: “Augmented McFilling by McPhy is a unique design. More than a hydrogen station, it is an intelligent system combining a proprietary, patented architecture with software that makes it dynamically reconfigurable. This innovative combination of shared functions and dynamic reconfiguration of the station’s operating scheme allows us to provide our customers with an infinite number of usage scenarios, adapted to their needs in real time and in a perfectly transparent way, without capacity limits.

Our smart supervision software greatly increases the availability and flexibility of hydrogen stations, and therefore meets the 24/7 needs of heavy transports, while optimizing the system’s energy efficiency; as well as investment and operating costs.

Following the launch of the ‘Augmented McLyzer’ range in 2018, our new generation of ‘Augmented McFilling’ stations allow us to offer a complete range of smart, modular, without capacity limits low-carbon hydrogen production and distribution solutions, already ’fit for purpose’ and ready for the future.

Augmented McFilling, 2,000 kg per day configuration, 12-train scenario| McPhy®

Augmented McFilling: a dynamically reconfigurable architecture

Hydrogen is the only technology which is already scaled-up, capable to meet, in a competitive way, the massive needs induced by the necessary decarbonation of heavy transportation.

As a specialist in hydrogen solutions for the energy revolution, McPhy Group has focused its research and innovation on solutions that can produce and deliver the hundreds, or thousands, of kilos of low-carbon hydrogen required every day to successfully achieve “zero-emissions” transportation.
A true concentration of technological and digital advances, “Augmented McFilling” is a patented, proprietary hydrogen station architecture that mutualizes compression, storage, cooling and vehicle delivery functions. This unique architecture is managed by McPhy’s smart supervision software, which makes “Augmented McFilling” stations dynamically reconfigurable.

The station thus defines autonomously (without human input and without interruption of operation) its optimal operating scheme and (re)directs the flows, from production to vehicles delivery, compression and storage, to deliver hydrogen at the best cost while ensuring continuity of service and a maximum availability rate.

This unique design of proprietary architecture and software intelligence:

  • allows the station to perfectly fit with the customer needs in real time,
  • is modular, with no capacity limits: 2,000, 4,000, 10,000 kg per day and beyond,
  • “Bigger scale, lower costs”: the scaling-up and industrialization of hydrogen stations will reduce investment and operating costs and democratize hydrogen mobility for all types of transport.

Participate in the official launch at the Hannover Messe

The Hannover Messe is the world’s largest technology and innovation fair in the industry. It attracts more than 225,000 trade visitors from 100 countries.

At the heart of the hydrogen pavilion, McPhy Group is presenting a preview of its “Augmented McFilling” solution, and invites you to come:

1-5 April, Hall 27, Stand C70
Invitation to attend the fair free of charge (registration required): https://www.hannovermesse.de/ticketregistration?auvzk

Attend McPhy’s presentations:

  • Tuesday 2 April 13.40 – 14.00 | Technical Forum | “Launch of Augmented McFilling, a dynamically reconfigurable architecture to support the decarbonation of heavy transports“ – Bertrand AMELOT, EVP Sales & Marketing
  • Wednesday 3 April 11.40 – 12.00 | Public Forum | “Unlimited Hydrogen: towards a zero-emission society” – Pascal MAUBERGER, CEO
  • Wednesday 3 April 15.00 | Technical Forum | “Elevator Pitch | Electrolysis technology” – Bertrand AMELOT, EVP Sales & Marketing

Upcoming financial communication

2019 first-half results: Tuesday 30 July 2019 after market close

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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McPhy: a positive start to 2019 despite an operating income fall in 2018 as expected

• A 21% drop in revenue in 2018 compared to 2017, due notably (and as previously announced (1) ) to delays in the finalization of several orders
• As expected operating income for 2018 is 47% lower than in 2017, at -€9.4 million, due mainly to the fall in revenue over the year and trends in operating expense relating to business activity
• Cash of €14.9 million, following capital-boosting transactions in 2018
• Strategic partnership signed in June 2018 with EDF, thus becoming the company’s leading shareholder
• More than 5 million euros of orders received over the first two months of the year and confirmation of a return to revenue growth in 2019 in an ever-more buoyant market

La Motte-Fanjas, March 12, 2019 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production and distribution equipment, is today announcing its results for 2018, which were approved by the company’s Board of Directors.

We are determined to maintain this focus with clearly identified priorities: product development, strengthening our marketing in key areas, winning new markets and signing partnerships.

Pascal Mauberger, McPhy’s Chairman and Chief Executive Officer, commented: “As announced, our results for 2018 were affected by delays in the finalization of several orders and by the extension of the duration of certain existing projects for our clients.
Our teams remain mobilized to continue building McPhy’s technological leadership by launching new products such as the ‘Augmented McLyzer’ generation of electrolyzers, which will enable us to offer innovative solutions on a scale that matches our clients’ needs. We have also signed an agreement for our first hydrogen bus fueling station in France, creating a flagship reference in mass mobility. In addition, the industrial and commercial partnership agreement with EDF signed in 2018 is now fully operational and is manifesting itself in joint tender bids.
The early months of 2019 have shown that our strategy is bearing fruit, with more than €5 million in orders received. This is why we are determined to maintain this focus on growth with clearly identified priorities: product development, strengthening our marketing in key areas, winning new markets and signing partnerships. We are convinced that this strategy will allow McPhy to continue to grow and maintain its leadership in the fast-expanding market for low-carbon hydrogen.”

Simplified Income Statement

Simplified Income Statement

Change in operating expense in line with business activity

The increase in external costs and provisions was due to delays in the finalization of several orders, the extension of the duration of certain projects and additional costs incurred in the installation phases of these initial reference projects for McPhy. This resulted in an expected 47% drop in operating income in 2018 compared to 2017, to -€9.4 million.
The lessons learned on these first contracts have been factored in for contracts due to be delivered from 2019 on, and provisions have been made for additional costs to neutralize their impact on 2019 figures. Furthermore, despite the revenue decline, McPhy continued to strengthen its research and innovation efforts.
At December 31, 2018, McPhy had cash assets of €14.9 million, boosted by transactions to strengthen capital carried out in 2018.

Read the full release

Download, below, the full PR to find out more about the “2018 Highlights” & “Confirmation of a return to growth in 2019”.

Next press release

2019 first half results – Thursday July 30, 2019 after market close

(1) Press releases of 24 October 2018 and 22 January 2019

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

Connect with us!

Keep up with our news by following us on

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Positive start to the year for McPhy, with over €5 million in orders received

• A 6-station order for the deployment of hydrogen mobility solutions as part of the EAS-HyMob project in Normandy, increasing the number of McFilling stations installed or in the process of being installed to 21
• 2 MW in additional electrolysis capacity in Germany for the Energy market, lifting the high-power electrolysis capacity implemented by McPhy to 16 MW
• The previously announced  (1) largest ever order for McPhy’s PIEL product line, with 11 electrolyzers to be shipped to the Bangladesh Meteorological Department
• A previously announced electrolyzer (1) for the mobility market, which will be fitted in the 1st hydrogen refueling station in Chambéry for the Zero Emission Valley project.

La Motte-Fanjas, March 5, 2019 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, is today announcing that it has received firm orders worth over €5 million since the beginning of the year.

We are delighted with how 2019 has started for us, since we have achieved the positive top-line momentum we predicted. These firm orders are a ringing endorsement of our product strategy in our three key hydrogen markets—mobility, industry and energy.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “We are delighted with how 2019 has started for us, since we have achieved the positive top-line momentum we predicted. These firm orders are a ringing endorsement of our product strategy in our three key markets.

In the zero emission mobility market, we logged an order for six McFilling 20-350 stations in the framework of the EAS-HyMob project, which shows that our offering is well-suited to France’s strategy for deploying hydrogen refueling infrastructure.

In Germany, we reached a major technological milestone by marketing our first electrolyzer fitted with “high current density” electrodes co-developed with De Nora. The electrolyzer will double the volume of hydrogen produced. These two new megawatts will lift to 16 MW the high-power electrolysis capacity we have implemented. It is crucial for the large-scale decarbonization of applications in the industry, mobility and energy sectors.”

Orders delayed in 2018 have now materialized driving strong business momentum

With over €5 million in orders received, it is a positive start to the year for McPhy:

McPhy has just logged an order for six stations from SIEGE 27 and SDEC Energie (2)  to support the roll-out of hydrogen mobility solutions in the Eure and Calvados departments as part of the EAS-HyMob Normandy project (3). These stations are the first in the plan, which will ultimately feature 15 hydrogen refueling units and are due to be commissioned as captive hydrogen vehicle fleets are introduced.

As previously announced, McPhy has received an order for a next-generation 40kg/day 30-bar electrolyzer, which will be delivered this year. It is intended for a hydrogen station to be built in Chambéry by ATAWEY(4) as part of the Zero Emission Valley project (5) in the Auvergne-Rhône-Alpes region. Under the project, 20 stations are due to be installed across the region, including 15 with electrolyzers (6). It aims to make Auvergne-Rhône-Alpes Europe’s leading region in the deployment of hydrogen.

These new projects increase to 21 the number of McFilling stations installed or currently being installed, together representing a daily potential of 64,500 km in zero emission mobility.

In the energy market, McPhy received the first payment for a Power to Power application in Germany in respect of a McLyzer 400-30 installation. This is the first McLyzer 400-30 featuring McPhy’s high-density current electrodes co-developed with De Nora, its industrial partner. This 2 MW project lifts to 16 MW the high-power electrolysis capacity built by McPhy.

Lastly, McPhy recently received an order from the Bangladesh Meteorological Department for 11 electrolyzers from the PIEL line, which are due to be delivered during 2019. These electrolyzers will be used to inflate balloons for weather probes. This is the largest order ever placed for McPhy’s PIEL line of products.

Together, all these firm orders are worth over €5 million. These commercial successes demonstrate that the delayed orders initially anticipated in 2018 have now materialized, and that the Group’s top-line business momentum is right on track.

Next press release

FY 2018 results on Tuesday, March 12, 2019 (after the market close)

[1] 2018 revenue press release dated January 22, 2019

[2] This project is supported by European Union funding via the European Innovation and Networks Executive Agency (INEA) as part of the Connecting Europe Facility – Transports (CEF-T) infrastructure program.

[3] https://eadymob.normandie.fr

[4] http://www.atawey.com

[5]    https://www.auvergnerhonealpes.fr/uploads/Presse/91/203_486_CP-12-20-Zero-Emission-Valley-reconnu-au-niveau-europeen.pdf

[6]    https://www.auvergnerhonealpes.fr/uploads/Presse/91/203_486_CP-12-20-Zero-Emission-Valley-reconnu-au-niveau-europeen.pdf

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

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McPhy: FY 2018 revenue of €8 million

• Confirmation of a 21% decline in FY 2018 revenue compared to FY 2017 due to delays affecting several orders
• FY 2018 operating performance expected to show the impact of this top-line contraction
• High rate of growth maintained in Europe, with revenue up 23% compared to FY 2017
• Confirmation of a sustained commercial activity and a “qualified commercial pipeline” estimated at over €80 million
• Further business expansion expected in 2019

La Motte-Fanjas, January 22, 2019 at 5:45pm – McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329) a specialist in hydrogen production and distribution equipment, is today announcing its revenue for the financial year ended December 31, 2018.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, commented: “The contraction in our 2018 revenue mainly reflects the delays in the concretization of several orders and an extension to the length of certain existing projects by McPhy’s customers, despite highly buoyant conditions in the clean hydrogen market worldwide. These orders should materialize on the medium term. For example, the permit for the second hydrogen station in Lyon awarded at the beginning of 2018 entered into force only in December.

We expect our revenue to return to growth in 2019 […] supported by the expansion in our qualified pipeline […] and operational implementation of our partnership with EDF, under which we are making joint submissions for heavy mobility competitive tenders”

We anticipate revenue growth in 2019 supported by a qualified pipeline of over €80 million and operational implementation of our partnership with EDF, under which we are making joint submissions for heavy mobility competitive tenders such as bus refueling stations with a capacity of several hundred kg per day; and such as platforms fueling hydrogen trains and river ferries with a capacity of over 1 tonne per day are among the projects being tendered for.

We are confident in McPhy’s ability to seize and convert market opportunities owing to its renowned expertise and its cutting-edge technologies geared to meeting the colossal market needs linked to the imperative transition towards a lower carbon economy.

21% contraction in McPhy’s FY 2018 revenue

McPhy’s revenue fell 21% to €8 million in the financial year to December 31, 2018. This anticipated and announced contraction mainly reflects the delays in the concretization of several orders and an extension to the length of certain existing projects by McPhy’s customers. Revenue in Europe continued to deliver a high growth, rising 23% in FY 2018.

Revenue in Asia was held back by an end to recognition of revenue related to the €6.4 million contract to deliver the 4 MW Power-to-Gas equipment in Hebei (China). Excluding the impact of this contract, revenue growth would have been 9% in FY 2018.

McPhy held €14.9 million in cash at December 31, 2018.

Key milestones achieved by McPhy in clean hydrogen market that remains as buoyant as ever

The expected ramp-up in the hydrogen market predicted in the Hydrogen Council’s “Scaling Up” report continued in 2018. The French government also undertook to support the development of a carbon-free hydrogen sector as part of the energy transition. In 2019, it is expected to set aside a budget of €100 million for the roll-out of carbon-free hydrogen in the industry, mobility and energy sectors across France.

Amid buoyant market conditions, McPhy reaffirmed its leadership credentials with major industry players and forged key partnerships.
In April, it launched a whole new generation of electrolyzers under its technology partnership with De Nora. This provides a genuine technological breakthrough substantially strengthening its competitive advantage.

McPhy has also expanded its hydrogen mobility offering. In May 2018, McPhy won a contract with the Lens-Béthune urban area for a 200kg/day 350-bar refueling station. This station, which is due to enter into service in the first half of 2019, ultimately will power 10 hydrogen buses. McPhy also developed a line of dedicated refueling stations for 700-bar vehicles. These successfully passed the tests held jointly with Toyota, the leader in carbon-free mobility, paving the way for the architecture for the first series to be finalized in late 2018. An order has now been received for the first 200kg/day 700-bar refueling station close to Berlin in Germany, scheduled for delivery in late 2019.

McPhy also signed in June 2018 an industrial and commercial partnership with EDF, the world leader in low-carbon energies to develop carbon-free hydrogen in France and around the world. With the additional financial resources and the partnership of the EDF group, McPhy will be able to accelerate the pace of its growth, strengthen its business development, and conquer new markets.

Further business expansion expected in 2019

The delayed orders, which impacted McPhy’s FY 2018 revenue and all its results, are expected to materialize on the medium term. Its “qualified commercial pipeline” currently stands at over €80 million, providing further evidence of its sustained commercial activity.

McPhy has received an order for a next-generation 40kg/day 30-bar electrolyzer, which will be delivered this year. It is intended for a refueling station to be built by ATAWEY and located in Chambéry as part of the Zero Emission Valley project in the Auvergne-Rhône-Alpes region. Under the project, 20 stations are due to be installed across the region, including 15 with electrolyzers .

In addition, McPhy has recently received an order for 11 electrolyzers from the PIEL line, which are due to be delivered during 2019. These electrolyzers will be used to inflate balloons for weather probes. This is the largest order ever placed for McPhy’s PIEL line of products.

Lastly, the industrial and commercial partnership agreed with EDF in 2018, to develop carbon-free hydrogen in France and around the world, is now fully operational. McPhy and EDF will now make joint submissions to calls for tenders for bus refueling stations with a capacity of several hundred kg/d based on electrolyzers and for platforms to power hydrogen trains and river ferries with a capacity of over 1 tonne per day.

As a result, McPhy expects its revenue to return to growth in 2019.

Next press release

FY 2018 results on Tuesday, March 12, 2019 (after the market close)

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

 

Connect with us!

Keep up with our news by following us on

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McPhy to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l’Indre

• 15th hydrogen station, bringing McPhy’s stations’ daily potential to 52,500km of zero-emission mobility
• Touraine Vallée de l’Indre is launching a pioneering project driving zero-emission mobility: HYSOPARC

La Motte-Fanjas, November 12, 2018 – 05:45pm CETMcPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, today announces that it is to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l’Indre in Sorigny. The station has the capacity to deliver 20kg of hydrogen per day, able to charge more than a dozen utility vehicles.

“Projects driving zero-emission mobility can now be initiated on a regional basis.”

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, comments: “The government set new momentum for the French hydrogen industry with the launch of a rollout plan in June. Projects driving zero-emission mobility can now be initiated on a regional basis. Formed from the merging of two intercommunal bodies, the Communauté de Communes Touraine Vallée de l’Indre has a particularly interesting approach. The grouping together of intercommunal bodies is a guarantee of success, particularly in rural areas, as it facilitates the implementation of local hydrogen ecosystems that can be replicated in the heart of all regions. We are delighted to be installing our 15th McFilling station in Sorigny and would like to thank the Communauté de Communes Touraine Vallée de l’Indre for placing its trust in us.”

“The HYSOPARC project reflects Touraine Vallée de l’Indre’s desire to play an active role in the hydrogen industry.”

Alain Esnault, President of the Communauté de Communes Touraine Vallée de l’Indre, states: “We welcome the implementation of the HYSOPARC project, which reflects Touraine Vallée de l’Indre’s desire to play an active role in the hydrogen industry. Our project supports regional innovation and clean mobility, in connection with the French policy supporting regional initiatives.
The involvement of the Communauté de Communes and its municipal authorities coupled with McPhy’s recognised expertise represents a key factor for success for the rollout of zero-emission mobility in urban fringes.”

The opening of the station constitutes a first step for the Communauté des Communes, which has demonstrated its desire to develop a hydrogen production platform. To be developed in the near future using electricity coming from renewable sources, the platform will be attached to a multiservice transport centre. Coupled with the hydrogen station, this electrolyzer will be able to produce, on-site and on-demand, clean hydrogen for charging vehicles, and achieving a truly zero-emission mobility chain.

McFilling 20-350 technology selected for the innovative HYSOPARC project

Transportation infrastructures are at the heart of the development and economic and social attractiveness of regional areas: movement of people or goods, private, business or local authority use, by road, rail or air etc. The rollout of hydrogen as a clean alternative fuel allows for a long-term vision of regional development. Zero emission mobility helps to make regions more attractive by reconciling ease of use, improved air quality and public health, and encouraging the large-scale rollout of clean energy in the energy mix and creating decentralised value.

McFilling 20-350 technology has been selected by the Communauté de Communes Touraine Vallée de l’Indre for its innovative HYSOPARC project. Intended to fuel the equivalent of a dozen utility vehicles per day, the hydrogen station will be opened in the first quarter of 2019. With capacity of 20kg of hydrogen per day – equivalent to 12 utility vehicles – the McFilling station, the 15th for McPhy, fits in with the first steps of France’s strategy of priming the market by simultaneously rolling out captive fleets and stations to fuel them.

However, it should be noted that beyond this inception phase, the market is already set for a change of scale. For example, McPhy is present in the very high capacity (several hundred kilos of hydrogen per day) stations market for fueling large fleets of vehicles, buses and even hydrogen-propelled trains, with the first contract for a hydrogen bus station signed in May in the Hauts de France region.

McFilling 20-350 hydrogen station key figures

• 20kg per day at 350 bar, equivalent to 12 utility vehicles
• System for interoperability with “EAS-HyMob” hydrogen stations (1)
• Zero-emission mobility; no particles, no CO2, no noise

NB: Go further: Are you a local authority and want to roll out hydrogen mobility in your area? Find out more using the practical guide published by FNCCR, AFHYPAC and Mobilité Hydrogène France: “Roll out hydrogen stations in your area”. [FR]

http://www.fnccr.asso.fr/article/stations-de-recharge-a-hydrogene/

(1) EAS-HyMob is a 15-station project in Normandy. These interconnected stations all work using a 100% digital and computerised payment solution (smartphone). In order to facilitate the user experience/make life easier for users, the Sorigny station is interoperable with the EAS-MyHob network

Next communication:

2018 revenue – Tuesday 22 January 2019 after market close.

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.
Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.
As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).
The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

www.mcphy.com

Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.fr

Investor relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.fr

Media relations CC Touraine Vallée de l’Indre

Valérie Delaunay – Communications Director
T. +33 (0)2 47 34 29 00
valerie.delaunay@tourainevalleedelindre.fr

Aurélie Michel – Project Manager
T. 33 (0)2 47 34 29 00
aurelie.michel@tourainevalleedelindre.fr

 

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