REG - HydrogenOne Cap Gwth - Capital Markets Day

Hydrogenone Capital GrowthAnnouncement

23/02/2023 07:00

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RNS Number : 7663Q  HydrogenOne Capital Growth PLC  23 February 2023

HydrogenOne Capital Growth plc ("HydrogenOne" or the "Company")

LEI: 213800PMTT98U879SF45

23 February 2023

Capital Markets Day 2023

HydrogenOne, the first London-listed fund investing in clean hydrogen for a
positive environmental impact, will be holding its annual Capital Markets Day
for investors and analysts in London today at which senior management from
HydrogenOne's investee portfolio companies will be updating shareholders on
their technologies, portfolios and strategies.

There is an option to join the event and access the live stream virtually, by
following this link:
https://www.investormeetcompany.com/hydrogenone-capital-growth-plc/register-investor
(https://www.investormeetcompany.com/hydrogenone-capital-growth-plc/register-investor)
. Live stream will commence at 10am GMT.

Investment highlights

 ●    Positive outlook: the portfolio continues to perform in line with the
      expectations of the Investment Adviser, HydrogenOne Capital LLP. HydrogenOne
      targets a NAV total return of 10-15% per annum over the medium to long term*;
 ●    Presentations: from 10 private equity investments of the Company totalling
      over £100m, in material businesses, employing over 1,100 staff in 6
      countries:

      o  Developer companies, where HydrogenOne has 10 green hydrogen production
      projects under exclusivity for over 7GW of capacity, with the first 100MW
      project in development (Gen2 Energy AS, HH2E AG and Thierbach project);

      o  Transport and distribution equipment manufacturers for both onshore and
      offshore hydrogen (NanoSUN Limited and Strohm Holding B.V.);

      o  Supply chain technology businesses with strong intellectual property and
      production lines including leading players in electrolysis and fuel cells,
      currently installing over 700MW of new capacity for industrial customers
      (Sunfire GmbH, HiiROC Limited, Elcogen AS);

      o  Innovative technology developers, pioneering emissions-free portable
      power, road transport and flight (Bramble Energy Limited, Cranfield Aerospace
      Solutions Ltd); and

      o  Aggregate revenues from this portfolio totalled >£30m in 2022, a
      proforma increase of 110% from 2021. The Investment Adviser expects this
      strong growth to continue in the coming years.
 ●    Access to unquoted hydrogen assets through a structure offering daily
      liquidity: an investment in HydrogenOne offers shareholders access to a
      portfolio of hydrogen assets that may not otherwise be available to them, in a
      structure that offers daily liquidity through trading on the main market of
      the London Stock Exchange;
 ●    Integrated core ESG principles: the Company is classified as an Article 9 Fund
      under the SFDR and EU Taxonomy Regulation and is a signatory of the United
      Nations-supported Principles for Responsible Investment; and
 ●    Scalable investment opportunity: the Investment Adviser has identified a
      pipeline of attractive investment opportunities exceeding £500 million.

*For an investor in HGEN at IPO. The total NAV return target is a target
only and not a profit forecast. There can be no assurance that this target
will be met, or that the Company will make any returns at all and it should
not be taken as an indication of the Company's expected future results. The
Company's actual returns will depend upon a number of factors, including but
not limited to the size of the Company, currency exchange rates, the Company's
net income and level of ongoing charges. Accordingly, potential investors
should not place any reliance on this target in deciding whether or not to
invest in the Company and should decide for themselves whether or not the
target total NAV return is reasonable or achievable.

The presentation slides are now available on the Company's website
at https://hydrogenonecapitalgrowthplc.com/investors/documents-and-publications/
(https://hydrogenonecapitalgrowthplc.com/investors/documents-and-publications/)
.

 

Notes

 

For further information, please visit www.hydrogenonecapitalgrowthplc.com
(http://www.hydrogenonecapitalgrowthplc.com) or contact:

 

 HydrogenOne Capital LLP - Investment Adviser  +44 20 3830 8231
 JJ Traynor/Richard Hulf

 Eva Bezruchko

 Barclays Bank PLC - Corporate Broker          +44 20 7623 2323

 Dion Di Miceli                                BarclaysInvestmentCompanies@barclays.com

 Stuart Muress

 FTI Consulting - Media Enquiries

 Matthew O'Keeffe                              +44 20 3727 1725

 Cally Billimore                               hygen@fticonsulting.com

 

About HydrogenOne:

 

HydrogenOne is the first London-listed hydrogen fund investing in clean
hydrogen for a positive environmental impact. The Company was launched in 2021
with an investment objective to deliver an attractive level of capital growth
by investing in a diversified portfolio of hydrogen and complementary hydrogen
focussed assets. INEOS Energy is a strategic investor in HydrogenOne. The
Company is listed on the London Stock Exchange's main market (ticker code:
HGEN). The Company is an Article 9 climate impact fund with an ESG policy
integrated in investment decisions and asset monitoring.

 

The Company's Investment Adviser, HydrogenOne Capital LLP (FRN: 954060), is an
appointed representative of Thornbridge Investment Management LLP (FRN:
713859) which is authorised and regulated by the Financial Conduct Authority.

 

IMPORTANT NOTICE

This announcement contains (or may contain) certain forward-looking statements
with respect to certain of the Company's plans and/or the plans of one or more
of its investee companies or projects and their respective current goals and
expectations relating to their respective future financial condition and
performance and which involve a number of risks and uncertainties. The Company
cautions readers that no forward-looking statement is a guarantee of future
performance and that actual results could differ materially from those
contained in the forward- looking statements.

 

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