Pne Ag · XETR:PNE3
Pne — PNE Wind — Q2 2015 Earnings Presentation
14 slides from Pne's earnings presentation, Aug 10, 2015
Slide 1: Webcast Q2-2015 results
PNE WIND AG Webcast Q2-2015 results August 10, 2015 Windpark Windpark Buchholz Buchholz
Slide 2: 1H 2015 – Highlights
PNE WIND GROUP 1H 2015 – HIGHLIGHTS • The first half year 2015 was characterized by – 1. the successful sale of PNE WIND UK to Brookfield 2. the continuation of our on and offshore development activities in Germany and abroad 3. the continued development of our new YieldCo business model 4. private
Slide 3: AGM – Overview
PNE WIND GROUP AGM – OVERVIEW* The AGM held on June 16, ended without resolution effective results* - but illustrate shareholder Non-binding results views • 4 Supervisory board members would have been dismissed and only 1 member would have been granted discharge from responsibility • Management boar
Slide 4: At a Glance
PNE WIND GROUP AT A GLANCE • Development and implementation of wind farm projects in Germany and abroad, both onshore and offshore • Projects in 13 different countries • Approx. 380 employees • Onshore: wind farms with a nominal capacity of approx. 5,000 MW in development • Offshore: 13 projects wit
Slide 5: References
PNE WIND GROUP REFERENCES • Onshore wind farms or project rights with 2,250 MW in sold • Projects / project rights successfully sold in the UK, Germany, Italy, Poland, France, US, Spain • UK pipeline with approx.1,200 MW (incl. 66 MW option) sold to Brookfield - 117 MW permitted as of 2015 • 7 offsh
Slide 6: Track Record
PNE WIND GROUP TRACK RECORD • Shareholder equity increased to EUR 187.9 million at end of first half of 2015 • Book value per share of EUR 2.45 as at end of first half of 2015 PNE WIND II company presentation II 08 2015 7
Slide 7: PNE Onshore Pipeline
PNE WIND GROUP PNE ONSHORE PIPELINE Country* I-II III IV Total MW • In Germany, Chransdorf (57.6 MW) and Waldfeucht (12 MW) under construction Germany 983 77 70 1,130 Bulgaria 121 0 0 121 • In Turkey, cooperation with STEAG developing positively Romania 55 102 0 157 1. Pre-licenses for 230 MW of pro
Slide 8: WKN Onshore Pipeline
PNE WIND GROUP WKN ONSHORE PIPELINE Country* I-II III IV Total MW • In Germany, Germany 146 44 29 219 1. Looft II (10.2 MW) Siebenbäumen (6.2 Italy 510 0 0 510 MW) Nentzelsrode (6.9 MW) sold to KGAL and CEE in 2014 France 178 88 0 266 2. Apensen II (6 MW) part of YieldCo Poland 243 42 0 285 portfoli
Slide 9: Offshore Projects
PNE WIND GROUP OFFSHORE PROJECTS Own Projects Phase WEA Total MW Nemo 2 80 480 • Borkum Riffgrund and Gode Wind sold to Jules Verne 2 80 480 DONG Energy Nautilus I 2 80 480 1. Borkum Riffgrund I & Gode Wind 1 & 2 are under construction Atlantis I 3 80 400 2. From Gode Wind transaction, EUR 129 Atlan
Slide 10: Profit & Loss (IFRS)
PNE WIND GROUP PROFIT & LOSS (IFRS) • Group sales were primarily generated by the sale of PNE In EURm 1H2015 1H2014 2014 WIND UK, German onshore projects (Siebenbäumen, Sales 71.9 117.9 211.3 Looft II, Nentzelsrode) and electricity generation (EUR Total performance 89.8 134.7 233.9 5.9 million) Cost
Slide 11: Balance Sheet Assets (IFRS)
PNE WIND GROUP BALANCE SHEET ASSETS (IFRS) • Property, Plant and Equipment of EUR 62.7 million – main items include technical equipment and land and buildings • Assets held for sale include Passauer land EUR 11.9 million • Inventories of EUR 217.9 million include advance payments of EUR 77.8 million
Slide 12: Balance Sheet Liabilities (IFRS)
PNE WIND GROUP BALANCE SHEET LIABILITES (IFRS) • Equity at EUR 187.9 million, equity ratio of 37% – increase driven by net profit of EUR 18.4 million and capital increase – EUR 9.5 million in gross proceeds • The long term liabilities of EUR 144.7 million - corporate bond 2013/18 (EUR 96.7 million),
Slide 13: Stock & Bonds Outstanding
PNE WIND GROUP STOCK & BONDS OUTSTANDING AOJBPG / WKN / ISIN Corporate bond 2013/2018 (WKN: A1R074) DE000A0JBPG2 Coupon 8%, Prime Standard, Total volume EUR 100m Number of shares 76,553,439 Market capitalization EUR 157.1 m (30 June 2015) Convertible bond 2014/2019 (WKN: A12UMG) Free Float Approx. 8
Slide 14: Thank You
THANK YOU CONTACT Rainer Heinsohn Head of Communication Tel: +49 (0) 47 21 – 7 18 - 453 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: [email protected] Scott McCollister Head of Investor Relations Tel: +49 (0) 47 21 – 7 18 - 454 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: [email protected]