Please see attached updated company presentation.
*Highlights*
Company well positioned for triggers in place to spur growth - Best business case ever for consumers
- Energy prices on the rise across Europe
- Cost of solar at all-time-lows
- Strong regulatory support
Expanding the product offering to be a one stop shop for consumers to electrify their homes
- Batteries, heat pumps and EV chargers with strong network effects to solar
- Pilots run in select markets - ready for European rollout
- Increases ticket size and gross profit
Leaning cost structure
- Flexible and efficient cost structure leveraging the New Shared Service Center drives efficiency
- Further cost cuts identified
- Increased operational gearing and shortens pathway to profitability
Demonstrated value creation from subscriptions
- Otovo subscription offsets compelling value prop for consumers
- Targeting 50% subscription share next year
- Value creation from subscriptions proven through Swisslife Asset Managers transaction
Installation volume growth and improved operational leverage creates line of sight
- Close to EBITDA generated breakeven in Q2, when factoring in portfolio monetization effect
- Break even point with Q2 cost structure and margin around 3,500 installation per quarter
- Improved operational efficiency and margins reduces down break even point
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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof, and batteries in the home. Otovo is a marketplace that organizes hundreds of local, high quality and qualified energy installers. The company uses its proprietary technology to analyze the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers.
Follow us on investor.otovo.com for reports, financial calendar, contact details and more.