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

THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

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Page 1: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

1 | Thermia Heat Pumps – Company Overview / May 2017

THERMIA HEAT PUMPS

Our Company Overview

RENEWABLE ENERGY

Page 2: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

2 | Thermia Heat Pumps – Company Overview / May 2017

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

Page 3: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

3 | Thermia Heat Pumps – Company Overview / May 2017

THERMIA IN FIGURES

Annual revenue: ~75 M Euro

Employees: ~ 200

3000 sq. m. R&D center

Sales in 26 countries

Owned by Danfoss since 2005

Page 4: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

4 | Thermia Heat Pumps – Company Overview / May 2017

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, energy-efficient heating solutions.

Page 5: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

5 | Thermia Heat Pumps – Company Overview / May 2017

Today, Thermia is owned by Danfoss.

• Danfoss is a Danish, family owned company, found in 1933.

• Today, it is a global corporation with operations in more than 50 countries

• Annual revenue: ~ 34 B DKK

• Employees: ~ 23 000

• Headquarters in Nordborg, Denmark.

Page 6: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

6 | Thermia Heat Pumps – Company Overview / May 2017

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

Page 7: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

7 | Thermia Heat Pumps – Company Overview / May 2017

THERMIA IN EUROPE

Page 8: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

8 | Thermia Heat Pumps – Company Overview / May 2017

1923The company is founded by Per Anderson in Arvika, Sweden

1930Thermia – leading manufacturer of heating solutions in Sweden

1973The first Thermia HP with integrated hot water tank

1984Control computer for fully automatic control of the HP

2004TWS technology which results in the market’s best cost for hot water production

1927Thermia – first to give 10 years warranty in Sweden 1960

First steps into the export market

1977Training school for retailers

1994A new scroll compressor with high efficiency, great reliability and low noise level

2007Thermia opens one of the Europe’s foremost R&D centers

2020Sustainable growth

2011Thermia Atec

THERMIA STORY

Page 9: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

9 | Thermia Heat Pumps – Company Overview / May 2017

PIONEERS IN HEATING SOLUTIONS

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.”

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.

Page 10: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

10 | Thermia Heat Pumps – Company Overview / May 2017

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.

Page 11: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

11 | Thermia Heat Pumps – Company Overview / May 2017

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

Page 12: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

12 | Thermia Heat Pumps – Company Overview / May 2017

FLEXIBILITY WITH OPTIONS

Page 13: THERMIA HEAT PUMPS · 6 | Thermia Heat Pumps –Company Overview / May 2017 THERMIA & DANFOSS Thermia Heat Pumps operates as an independent business unit within Danfoss Heating Division

13 | Thermia Heat Pumps – Company Overview / May 2017

THE ULTIMATE ENERGY PROVIDER SINCE 1923

THERMIA

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.

Pioneering heat pumps Engineered with passion Born in Sweden