Photon Energy NV · GPW:PEN
Photon Energy NV — Q3 2021 Earnings Presentation
23 slides from Photon Energy NV's earnings presentation, Nov 15, 2021
Slide 1: Q3 2021 Results
Q3 2021 Results with Georg Hotar, CEO and Clemens Wohlmuth, CFO Photon Energy N.V. 15 November 2021
Slide 2: Disclaimer
Q3 2021 Results Disclaimer This presentation is for information purposes only and may not be copied in whole or in part for any purpose, or forwarded to third parties or published. This presentation includes written material or slides for a presentation on Photon Energy N.V. (“the Company") and thei
Slide 3: Agenda
Business Model Strategy and Outlook Financials Q3 2021 Q&A Session
Slide 4: Business Model
Business Model Strategy and Outlook Financials Q3 2021 Q&A Session
Slide 5: About Us
Q3 2021 Results About Us We are dedicated to ensuring that everyone has access to clean energy and water Photon Energy Group Founded in Headquartered in 140+ Active in Shares traded Sustainability 2008 Amsterdam Employees 10+ countries in PL, CZ and DE Rating* Solar Business Line Water Business Line
Slide 6: Business Model: Solar Services
Q3 2021 Results Business Model: Solar Services Our services cover the entire Project Development lifecycle of photovoltaic systems. We acquire projects at all stages of development – from 300 kWp to 300 MWp – and guide them to completion. Operations and Maintenance EPC Solutions We provide a full ra
Slide 7: Business Model: Water Services
Q3 2021 Results Business Model: Water Services Our comprehensive services and Treatment solutions help to make clean water We deliver treatment solutions including potable and accessible to everyone. wastewater treatment, hazardous liquid waste and industrial water treatment. Remediation Wells and R
Slide 8: Our Global Presence
Our Global Presence Focus on Europe and Australia Project development ► Project pipeline with a combined capacity of 899.3 MWp ► Focus on Australia, Hungary, Poland and Romania Electricity production (89.3 MWp) ► 11 proprietary power plants in the Czech Republic (15.0 MWp), 11 in Slovakia (10.5 MWp)
Slide 9: Strategy and Outlook
Business Model Strategy and Outlook Financials Q3 2021 Q&A Session
Slide 10: Strategy and Outlook
Q3 2021 Results Strategy and Outlook Solar ► Investments: Develop pipeline of projects, in-house or through acquisitions, to expand PV proprietary portfolio and increase stable revenues from electricity generation. ► EPC: Design and construct customized, decentralized clean energy generation solutio
Slide 11: Project Development
Q3 2021 Results Project Development Pipeline in development (in MWp) Pipeline development ► The typical development period of new PVPPs is 12–24 months and the 2. Early 3. Advanced 4. Ready-to- 5. Under Total in Country 1. Feasibility development development build technical construction MWp construc
Slide 12: Innovative PV technology and energy storage system
Q3 2021 Results Innovative PV technology and energy storage system We have partnered with RayGen to develop projects using the About the technology Melbourne-based company’s innovative solar-plus-storage technology. ► RayGen has combined its proprietary solar technology, About the partnership PV Ult
Slide 13: Financials Q3 2021
Business Model Strategy and Outlook Financials Q3 2021 Q&A Session
Slide 14: Recent Highlights
Recent Highlights ► Two utility-scale power plants with 14.6 MWp in Leeton commissioned with expected annual revenues of EUR 1.3 million ► 53 MWp added to pipeline in the key markets Hungary, Poland and Romania. ► Development of a 300 MW / 3.6 GWh RayGen solar storage project in Australia. ► Green B
Slide 15: EUR Bond 2017/22 & New GREEN Bond 2021/27
Q3 2021 Results EUR Bond 2017/22 & New GREEN Bond 2021/27 Exchange offer to existing bond holders and offer to private and qualified investors* Bond EUR Bond 2017/2022 New GREEN EUR Bond 2021/2027 Volume EUR 45 million (fully placed) Up to EUR 50 million Coupon 7.75% p.a., quarterly payment 6.50% p.
Slide 16: Business Development Until Today
Q3 2021 Results Business Development Until Today Proprietary portfolio, cumulated (MWp) Continued progress across all segments 100 89.3 MWp ► 82.3 GWh of electricity (+32.2% YoY) generated by our 90 80 74.7 MWp proprietary power plant portfolio in Q1–Q3 2021: 70 +14.6 ─ 70.0 GWh generated in 2020, 6
Slide 17: Q3 2021 and Q1-Q3 2021 Financial Results
Q3 2021 Results Q3 2021 and Q1-Q3 2021 Financial Results Income Statement In thousand EUR Q3 2020 Q3 2021 Change in % Q1-Q3 2020 Q1-Q3 2021 Change in % Total revenues 8,965 10,200 13.8% 23,163 24,625 6,3% of which from electricity generation 5,896 6,566 11.4% 14,754 16,395 11.1% EBITDA 3,910 4,433 1
Slide 18: Q3 2021 Financial Results: Balance Sheet
Q3 2021 Results Q3 2021 Financial Results Balance Sheet Assets 200,000 Total assets EUR Total assets EUR +10.2% 175.1 M 180,000 ► Increase in fixed assets mainly connected to our +16.0% 158.9 M 18.9 M 160,000 expansion of Hungarian & Australian portfolio, 140,000 14.3 M 9.6 M 16.0 M 15.1 M Liquid as
Slide 19: Q3 2021 Financial Results: Cash Flow
Q3 2021 Results Q3 2021 Financial Results Cash Flow Statement Cash flow profile in Q1–Q3 2021 12,000 10.8 M 9.9 M 0.4 M 10,000 In thousand EUR Q1–Q3 2020 Q1–Q3 2021 8,000 Operating cash flow Operating cash flow 4,772 421 6,000 11.3 M -10.9 M Investment cash flow 4,000 Investment cash flow -14,399 -1
Slide 20: Q&A Session
Business Model Strategy and Outlook Financials Q3 2021 Q&A Session
Slide 21: Annex
= Photon Energy Group Annex
Slide 22: Our Shares
Q3 2021 Results Our Shares Shares Shareholding Structure ISIN NL0010391108 Solar Future Shares outstanding 56,252,365 36.29% Free-float shares 13,633,915 Market cap 12.11.2021 EUR 90,506 thousand Free-float 22.72% Net debt 30.09.2021 EUR 89,676 thousand Enterprise value 12.11.2021 EUR 182,182 thousa
Slide 23: Management
Q3 2021 Results Management Georg Hotar Michael Gartner Clemens Wohlmuth CEO and Co-founder CTO and Co-founder CFO Georg co-founded Photon Energy in 2008. He Michael developed one of the first large PV Clemens joined Photon Energy in 2012 and is has extensive knowledge of the solar energy installatio