Pne Ag · XETR:PNE3
Pne — PNE Wind — FY2017 Earnings Presentation
14 slides from Pne's earnings presentation, Mar 28, 2018
Slide 1: Webcast Presentation Annual Report 2017
PNE WIND Webcast Presentation Annual Report 2017 March 28, 2018
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or purchase any securities of PNE WIND AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Thi
Slide 3: Operational Highlights 2017
PNE WIND OPERATIONAL HIGHLIGHTS 2017 Successes in the onshore business – Strong contribution from international markets • PNE WIND completed, sold or started construction of 233.6 MW of projects • Projects sold in the US, France, Sweden and Germany • Successful in tender in Turkey Successes in the o
Slide 4: Financial Highlights 2017
PNE WIND FINANCIAL HIGHLIGHTS 2017 EBIT of € 23.1m exceeds initial forecast of € 0-15m • FY EBIT of € 23.1m at the upper end of the increased guidance (€ 17-23m) • Earnings driven by project sales onshore and offshore, in Germany as well as internationally • Substantial profit contribution in connec
Slide 5: Onshore
PNE WIND ONSHORE 2017 Highlights: Country I-II III IV Total MW • US wind farm Vivaldi (80 MW) sold Germany 1,403 97 10 1,510 • Project rights sold to Pattern Energy Bulgaria 121 0 0 121 • Commissioning expected in 2018 France 351 102 10 463 • Option to expand the project United Kingdom 43 0 0 43 • S
Slide 6: Offshore
PNE WIND OFFSHORE Zone Sold projects Phase #WET Total MW Sold to 2017 Highlights: 1 Borkum Riffgrund I 8 78 312 DONG • Atlantis I sold to Vattenfall 1 Borkum Riffgrund II 6 56 448 DONG • Lower double digit € million payment in 2017 1 Gode Wind 1 & 2 8/8 55 + 42 582 DONG • Further milestone payments
Slide 7: Income Statement (IFRS)
PNE WIND INCOME STATEMENT (IFRS) 2017 Highlights: In € m 2017 2016 Sales 114.1 248.6 • Total output € 186.9m (€ 259.2m) Work in progress 63.3 1.6 • EBIT of € 23.1m reaches upper end of increased guidance Other income 9.5 9.1 • Earnings mainly driven by earn-out payment in Total output 186.9 259.2 co
Slide 8: Balance Sheet (IFRS)
PNE WIND BALANCE SHEET (IFRS) 2017 Highlights: • Property, Plant and 493.3 (432.0) 493.3 (432.0) • Equity increased further to Equipment at € 103.9m Intangible Assets 66.8 € 235.2m • Transformer stations (67.4) • Equity ratio remains very € 13.0m solid at 48% (53% as of 31 • Land and building € 11.6
Slide 9: We are setting the course for the future: Clean Energy Solution Provider
PNE WIND WE ARE SETTING THE COURSE FOR THE FUTURE: We are developing into a Clean Energy Solution Provider PNE WIND II Webcast Presentation II March 28, 2018 9
Slide 10: Strategy
PNE WIND STRATEGY SCALE UP SOLUTIONS Provide clean energy solutions CORE Grow our core business ADAPT Optimize our structures PROJECT CLEAN ENERGY LEVERAGE Leverage our expertise DEVELOPER SOLUTION PROVIDER EXPAND Expand along the value chain We develop and implement We develop and implement project
Slide 11: SCALE UP Milestones
PNE WIND SCALE UP MILESTONES 2023 • Finalisation of SCALE UP … • Add further new products/services 2020 • Product range • Sale of 200MW of different Hybrid portfolio share Power Plants is in 2019 place • Completion and • Development of sale of 1st • Start the build-up project pipeline in developed p
Slide 12: Outlook
PNE WIND OUTLOOK Onshore wind power – Good start into the year 2018 • Wind farm Gerdau-Schwienau (21.6 MW) successful in German tender, price level normalizing • Continue build up of Wind Farm Portfolio 2020 • Continue to ride momentum in key international markets France and US • Examination of entr
Slide 13: Q&A
Q&A PNE WIND II Webcast Presentation II March 28, 2018 13
Slide 14: Contact
PNE WIND GROUP 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] Christopher Rodler Head of Investor Relations Tel: +49 (0) 47 21 – 7 18 - 454 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: christopher.rodler@pn