RENEWABLE ENERGY THERMIA HEAT PUMPS. Our Company Overview. 1 Thermia Heat Pumps Company Overview / May 2017

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1 RENEWABLE ENERGY THERMIA HEAT PUMPS Our Company Overview 1 Thermia Heat Pumps Company Overview / May 2017

2 THERMIA AT A GLANCE We deliver efficient indoor climate solutions for residential and commercial buildings We provide Comfort, Energy savings and Convenience Our customers are within new-build and renovation market - Installers, Specifiers, Building owners Our key geographic markets are based in Europe 2 Thermia Heat Pumps Company Overview / May 2017

3 THERMIA IN FIGURES Annual revenue: ~75 M Euro Employees: ~ sq. m. R&D center Sales in 26 countries Owned by Danfoss since Thermia Heat Pumps Company Overview / May 2017

4 THERMIA HEADQUARTERS Since 1923, Thermia headquarters for production and R&D are based in Arvika, Sweden. R&D center Situated on 3000 square meters, Thermia s R&D center is one of the Europe s foremost R&D facilities. Here, experienced engineers and technicians work on meeting future global demands for high-tech, energyefficient heating solutions. 4 Thermia Heat Pumps Company Overview / May 2017

5 Today, Thermia is owned by Danfoss. Danfoss is a Danish, family owned company, found in Today, it is a global corporation with operations in more than 50 countries Annual revenue: ~ 34 B DKK Employees: ~ Headquarters in Nordborg, Denmark. 5 Thermia Heat Pumps Company Overview / May 2017

6 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division and is the competence center for Danfoss' future investment in heat pumps. Currently Thermia manufactures heat pumps under both brand names: Thermia and Danfoss. Thermia heat pumps are sold on 26 markets in Europe Danfoss heat pumps are sold on 8 markets in Europe 6 Thermia Heat Pumps Company Overview / May 2017

7 THERMIA IN EUROPE 7 Thermia Heat Pumps Company Overview / May 2017

8 THERMIA STORY 1923 The company is founded by Per Anderson in Arvika, Sweden 1930 Thermia leading manufacturer of heating solutions in Sweden 1973 The first Thermia HP with integrated hot water tank 1984 Control computer for fully automatic control of the HP 2004 TWS technology which results in the market s best cost for hot water production 2020 Sustainable growth 1927 Thermia first to give 10 years warranty in Sweden 1960 First steps into the export market 1977 Training school for retailers 1994 A new scroll compressor with high efficiency, great reliability and low noise level 2007 Thermia opens one of the Europe s foremost R&D centers 2011 Thermia Atec 8 Thermia Heat Pumps Company Overview / May 2017

9 PIONEERS IN HEATING SOLUTIONS More than 90 years in the business Thermia Story Movie Thermia was established in 1923 in Sweden and ever since has been part of driving the evolution within its technical areas. Led by passion for innovation, in 1973 Thermia manufactured the very first heat pump with an integrated hot water tank! Over the years Thermia has continued to develop new solutions in its quest to create better and more efficient heat pumps. Today Thermia s operations are still based on the key principles of the founder Per Anderson:...the products one releases must be not only the best of their time, but before their time, over time. 9 Thermia Heat Pumps Company Overview / May 2017

10 R&D CENTER AND PRODUCT COMPETENCE Situated on 3000 square meters, Thermia s R&D center is one of the Europe s foremost R&D facilities. Here, experienced engineers and technicians work on meeting future global demands for high-tech, energy-efficient heating solutions. 10 Thermia Heat Pumps Company Overview / May 2017

11 PRODUCT PORTFOLIO Domestic and ligth commercial range Ground source heat pumps from 4 kw up to 88 kw (up to 12 kw with integrated water heater) Air source heat pumps from 6 kw do 18 kw 11 Thermia Heat Pumps Company Overview / May 2017

12 FLEXIBILITY WITH OPTIONS 12 Thermia Heat Pumps Company Overview / May 2017

13 THERMIA THE ULTIMATE ENERGY PROVIDER SINCE 1923 Pioneering heat pumps Engineered with passion Born in Sweden For the last 50 years, we have dedicated all our resources and knowledge to developing and endlessly refining one product: the heat pump. Our focus on geothermal energy has given us world leading knowledge in heat pump technology. Developing truly sustainable renewable energy solutions can only be achieved with passionate, dedicated, and uncompromising experts. Some of Europe s most highly qualified engineers can be found in our own R&D center. All our products are designed, manufactured, and tested in Sweden using the latest technology and the highest quality components. We are proud to count world-leading industry specialist, Danfoss, among our technology partners. 13 Thermia Heat Pumps Company Overview / May 2017

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