Ecosuntek S.p.a. · MIL:ECK
Ecosuntek — Non-Deal Roadshow (September 2023)
27 slides from Ecosuntek's roadshow presentation, Sep 13, 2023
Slide 1: Investor Presentation Roadshow
Investor Presentation Roadshow September 13, 2023
Slide 2: Speakers
Speakerd Matteo Minelli Diego Pascolini Founder and CEO COO and CFO • Leading Ecosuntek S.p.A. since 2008, year in which he became • Leading Ecosuntek S.p.A. since to support the founder Matteo sole director; Minelli in the development of the Company; • Since 2014 he has been Chief Executive Officer
Slide 3: Company Overview
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Slide 4: At a glance
At a glance Ecosuntek S.p.A. founded in 2008 as a supplier of EPC services for the photovoltaic market, is a company active in the renewable energy sector and, over the years, has become a reference player in the production of electricity from renewable sources, mainly in central Italy. Over the yea
Slide 5: Governance and Stock performance
Governance and Stock performance Boad of Directors Vittorio Rondelli Chairman Matteo Minelli Lorenzo Bargellini Director and CEO Director Matteo Passeri Christian Cavazzoni Director Director Audit Firm Shareholders % Mineco S.r.l. 23,608% Enrico Guarducci Gianluca Fedele Director Indipendent Directo
Slide 6: Business Overview
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Slide 7: Activities and Services Offered
Activities and Services Offered 1H2023 Power generation: The Company manages directly and through vehicle companies of the Group VoP: € 2.6 mln proprietary plants, for a total of 17 MW of installed capacity, of which 12 MW in Italy and 5 MW in Romania. The Power Generation activity is the one with t
Slide 8: Our business model covers the entire value chain in the energy business
Our business model covers the entire value chain in the energy business Thanks to the acquisition of a stake in +Energia, Customers the Group will sell Energy production directly to end through Group plants customers Purchase of photovoltaic energy from other manufacturers Reselling Market 8
Slide 9: Power Generation: Group's photovoltaic plants
Power Generation: Group’s photovoltaic plants Group-owned plants Owned plants- Perugia area BioEnergy Srl – En.doc Srl plant San Rocco Srl 67 kWp Ecoimmibiliare Srl 795 kWp Power: 4,900 kWp MM1 Srl 708 kWp Mappa Rotonda Srl 987 kWp Cantante Srl 987 kWp Piandana Srl 983 kWp Umbria Viva Srl 496 kWp Tu
Slide 10: Group's type of photovoltaic plants
Group’s type of photovoltaic plants Roof photovoltaic panel Integrated roof photovoltaic panel 6.3% 6.3% 31.3% 56.3% Ground photovoltaic panel Agriphotovoltaic panel Ground photovoltaic panel Integrated photovoltaic panel Ground photovoltaic panel + roof Wind power 10
Slide 11: Reseller activity
Reseller activity Distributor accredited to dispatch on national electricity grid systems • The Group, through the subsidiary Eco Trade, is active in the entire energy world chain through the production of energy from renewable sources, the subsequent withdrawal of the same, dispatching on the natio
Slide 12: Direct sales
Direct sales Eco Trade controls the 44.775% of +Energia Customers +Energia has been operating in the free market for the sale of electricity for around 15 years and is a company accredited by the Electricity, Gas and Water System Authority. Since its establishment in 2008, +Energia has proven itself
Slide 13: Gas activity
Gas activity GAS purchase on the Market free market Distributor enabled for gas storage systems Natural through Public Infrastructures • Eco Sviluppo, founded in 2022, operates as a distributor of natural gas and participates in the natural gas storage market, through the major system operators (e.g
Slide 14: Market Overview
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Slide 15: The global photovoltaic market
The global photovoltaic market Global capacity growth 2000-2022 • The Solar Power Europe Annual Report reports that the EU installed 41.4 GW of PV energy in 2022, an increase of 47% from the 28.1 GW installed in 2021, bringing the total installed capacity to 208.9 GW. Germany continues to be the lea
Slide 16: The Italian photovoltaic market
The Italian photovoltaic market Regional distribution of plants installed at the end of 2022 • As at December 31, 2022, 1,225,431 photovoltaic plants were installed in Italy, for a total power of 25,064 MW. Plants with power lower than or equal to 20 kW make up 93% of the total in terms of number an
Slide 17: Photovoltaic energy production in Italy
Photovoltaic energy production in Italy Annual production of photovoltaic plants in Italy 2008-2022 (GWh) • During 2022, around 210,000 photovoltaic systems were installed in Italy, for a total power just under 2,500 MW. At the end of the year, the total installed power in operation amounted to 25,0
Slide 18: Financial Highlights
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Slide 19: Strong growth from 2020…
Strong growth from 2020… €/mln Value of Production EBITDA CAGR CAGR 2020-2022 2020-2022 +144% +212% 906.6 17.3 5.3 92.9 191.3 2.9 FY2020 FY2021 FY2022 FY2020 FY2021 FY2022 Breakdown by BU 906.6 6.5 NFP 432.4 15.5 13.7 191.3 92.9 5.6 467.8 4.3 185.7 88.3 FY2020 FY2021 FY2022 FY2020 FY2021 FY2022 Rese
Slide 20: … to 1H2023 (preliminary results)
… to 1H2023 (preliminary results)* VALUE OF EBITDA NFP PRODUCTION € 7.4 M Negative € 4.3 M € 253.0 M • The decrease of VoP is due exclusively to the € 7.0 M 1H2022 Positive € 4.3 M reduction in the cost of raw materials, energy € 286.3 M 1H2022 FY2022 and gas in Italy. • The increase in EBITDA is du
Slide 21: FY2022 Highlights
FY2022 Highlights VALUE OF EBITDA NFP PRODUCTION € 17.3 M Positive € 4.3 M € 906.6 M € 5.3 M FY2021 Negative € 13.6 M € 191.3 M FY2021 FY2021 VOP Eco Trade VOP Eco Sviluppo VOP Power Generation Energy/reseller Gas € 496.1 M € 404.1 M € 6.2 M € 186.6 M FY2021 n.d. € 5.6 M FY2021 21
Slide 22: FY2022 income statement
FY2022 income statement FY2020 FY2020 FY 2021 FY 2021 FY 2022 P&L Chg 21-22 Chg % Actual Actual-Adj Actual Actual-adj Actual Revenues from other activities 1,310,070 1,310,070 -914,513 -914,513 310,917 1,225,430 -134% Reseller/energy trading revenues 86,952,333 86,952,333 186,634,989 186,634,989 900
Slide 23: FY2022 balance sheet
FY2022 balance sheet FY2020 FY2021 FY2022 Reclassified Balance Sheet Chg 21-22 Chg % Actual Actual Actual current operational assets 27,936,913 67,302,561 107,971,158 40,668,597 60% (Current operating liabilities) -33,630,865 -74,895,004 -136,009,266 -61,114,262 82% Net working capital = A -5,693,95
Slide 24: ESG
ESG • In July 2023 a path to formalize the initiatives and results obtained in 2022, Ecosuntek has published the first Sustainability Report: a tool aimed at measuring and monitoring, also with a future perspective, the Group's compliance with those that are considered priority issues in the life of
Slide 25: Key Investment Highlights
Key Investment Highlights 25
Slide 26: Key Investment Highlights
Key Investment Highlights Market Positioning • Ecosuntek's reference market is the • Ecosuntek is one of the main national photovoltaic one players operating in the sector of Energy • As at December 31, 2022, 1,225,431 Systems from Renewable Sources photovoltaic systems were installed in Italy • In
Slide 27: Thank You!
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