Pne Ag · XETR:PNE3
Pne — Investor Presentation (August 2024)
33 slides from Pne's investor presentation, August 2024
Slide 1: PNE – Pure New Energy Company Presentation
PNE – PURE NEW ENERGY COMPANY PRESENTATION August 2024
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 AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. This pre
Slide 3: Agenda
AGENDA 01 Company Profile & Business Model 02 Market 03 Scale up 2.0 04 Operative developments 05 Capital market information 3 Company presentation | August 2024
Slide 4: 01 – Company Profile & Business Model
01 – COMPANY PROFILE & BUSINESS MODEL
Slide 5: PNE – Full of Energy
PNE – FULL OF ENERGY WE ARE ONE OF THE MOST EXPERIENCED PROJECT DEVELOPERS IN THE FIELD OF RENEWABLE ENERGIES » >30 years industry experience » Active in 14 countries on 4 continents » Leading wind farm developer in Germany » Relevant O&M Manager in Germany with >2,900 MW » >6,600 MW / MWp of renewa
Slide 6: Our Internally Operated Wind Farms
OUR INTERNALLY OPERATED WIND FARMS » PNE is becoming an Independent Power Producer (IPP): 31 internally operated wind farms in Germany generate stable, predictable income over at least 20 years » 412 MW in operation and 226 MW under construction » Further markets planned for our own generation portf
Slide 7: We Are a Reliable Partner. Our Word Counts.
WE ARE A RELIABLE PARTNER. OUR WORD COUNTS. COMPREHENSIVE INDUSTRY KNOW-HOW & RELIABILITY Per Hornung Pedersen HARALD WILBERT Roland Stanze Chief Executive Officer (CEO) Chief Financial Officer (CFO) Chief Operating Officer (COO) » CEO since August 2024 (Chairman of Supervisory » CFO since April 202
Slide 8: Business Model Covering Three Segments
BUSINESS MODEL COVERING THREE SEGMENTS COMPLEMENTARY BUSINESS AREAS OFFER STABILITY, GENERATE SYNERGIES AND THUS OFFER HIGH GROWTH POTENTIAL Project Development Electricity Generation Services » Onshore and offshore wind » Erection and operation of » Technical and commercial energy internal strategi
Slide 9: Business Model Along the Entire Value Chain
BUSINESS MODEL ALONG THE ENTIRE VALUE CHAIN POTENTIAL FOR DIVERSE GROWTH Approx. 3 – 6 years > 20 years Development Financing Construction Sales*/ IPP** Services » Site acquisition » Financial analysis » Grid connection » Utility companies » Technical and » Analysis (wind / sun) » Legal concept » In
Slide 10: Excellent Track Record
EXCELLENT TRACK RECORD SIGNIFICANT TRANSACTIONS IN RECENT YEARS VARIOUS PROJECT SALES INTERNATIONAL PROJECT SALES GODE Wind & INVESTORs ATLANTIS I » CEE PROJECTS » Chorus ØRSTED & VATTENFALL » France > 110 MW » Allianz » Italy > 60 MW / 114 MWp » Gode Wind ~924 MW » EnBW » Enel » Poland ~233 MW » At
Slide 11: Project Pipeline Offers Excellent Growth Prospects
PROJECT PIPELINE OFFERS EXCELLENT GROWTH PROSPECTS Onshore wind Photovoltaic 11% 7% 11% 3% 28% 30% 6% GER 13% GER Σ FR+PL Σ FR+PL 9,329 MW South Africa 6,108 MWp Other Europe Other Europe Offshore Wind South Africa North America North America Other 20% 26% 26% Vietnam 39% Latvia Large, high-quality
Slide 12: Offshore Wind: Entry into Development Abroad
OFFSHORE WIND ENTRY INTO DEVELOPMENT ABROAD Project development in Vietnam Project development in Latvia » Project area identified (total 2,000 MW in 3 phases) » Project area off the west coast of Latvia » Team established » Development in a 50/50 joint venture with Swedish partner (total 1,000 MW)
Slide 13: We Are Well Positioned
WE ARE WELL POSITIONED KEY ASPECTS » We are independent and » Our business model is » We have highly qualified » We have a lean well financed resilient employees organisation and efficient processes » We develop premium projects and have projects in our own portfolio 13 Company presentation | August
Slide 14: 02 – Market
02 - MARKET pure new energy
Slide 15: The Current Market Environment Is Subject to Major Changes
THE CURRENT MARKET ENVIRONMENT IS SUBJECT TO MAJOR CHANGES OFFERS CHALLENGES, BUT ALSO OPPORTUNITIES Striving for independence from energy imports ESG trend People's desire for ecological and Accelerated electrification in Europe affordable energy Growing demand for clean energy solutions and Approv
Slide 16: Strong Growth of the Renewable Energies Market
STRONG GROWTH OF THE RENEWABLE ENERGIES MARKET HIGH DEMAND FORECAST IN THE MEDIUM AND LONG TERM » Worldwide electricity generation (PWh/yr) * Source: DNV GL – Energy Transition Outlook 2023 16 Company presentation | August 2024
Slide 17: New Technologies Open Up New Opportunities in the Market
NEW TECHNOLOGIES OPEN UP NEW OPPORTUNITIES IN THE MARKET FOCUS ON THE VALUE CHAIN AFTER ELECTRICITY GENERATION Battery storage E-Mobility Natural gas drive Solar PV Wind Electricity grid Elektrolysis Methanisation Gas grid Hydrogen drive Pump and compressed air storage Power-to-heat Households, trad
Slide 18: 03 – Scale up 2.0
03 - SCALE UP 2.0 pure new energy
Slide 19: Expansion and Extension of Our Successful Business Model
EXPANSION AND EXTENSION OF OUR SUCCESSFUL BUSINESS MODEL FOLLOWING THE SUCCESSFUL COMPLETION OF SCALE UP 1.0, SCALE UP 2.0 FOLLOWS WITH NEW TARGETS 1 Power generation: Massive expansion of the existing portfolio in the areas of wind onshore Targets: and PV » Exploit the market opportunities of the e
Slide 20: We Want to Improve in All Areas: Targets 2027
WE WANT TO IMPROVE IN ALL AREAS Targets 2027 » EBITDA is expected to grow to >150 million euro in 2027 and therefore multiply compared with the EBITDA of 2023 (euro 39.9 million)! EBITDA target » We want to expand the internally operated portfolio to 1,500 MW/MWp, sell an additional >600 MW/MWp of p
Slide 21: 1. Electricity Generation
1. ELECTRICITY GENERATION MASSIVE EXPANSION OF INTERNAL ELECTRICITY GENERATION PORTFOLIO Areas: Targets/ measures: » Electricity generation » Increase of the electricity generation portfolio up portfolio to 1,500 MW/MWp (1,000 MW wind energy / 500 » Currently 412 MW MWp PV) wind in Germany » Markets
Slide 22: II. Project Development I – Wind and PV
II. PROJECT DEVELOPMENT I - WIND AND PV PROJECT PIPELINE IS GROWING Areas: Targets / measures: » Wind energy » Massive increase in the greenfield and repowering » Onshore project pipeline » Offshore » Development of offshore wind energy projects » PV abroad (Vietnam and a further market) » Land avai
Slide 23: II. Project Development II – New Technologies
II. PROJECT DEVELOPMENT II – NEW TECHNOLOGIES PNE STRENGTHENS ITS COMMITMENT TO FUTURE TECHNOLOGIES Areas: Targets / measures: » Power-to-Liquid (e-fuels » Projects for power-to-liquid (e-fuels such as such as kerosene etc.) kerosene etc.) » Power-to-gas projects » Projects for power-to-gas - hydrog
Slide 24: 3. Services
3. SERVICES WE MANAGE THE ENTIRE LIFE CYCLE OF A PROJECT Areas: Targets / measures: » Services of all kinds for the » PNE aims to become one of the leading operational business such operational management companies in Europe as: Operational Management, Power » Services to be further expanded from 2,
Slide 25: 04 – Operative Developments
04 - OPERATIVE DEVELOPMENTS pure new energy
Slide 26: Strong Pipeline Growth and High Construction Activity H1 2024
STRONG PIPELINE GROWTH AND HIGH CONSTRUCTION ACTIVITY H1 2024 » Project pipeline grew despite the sale of the US business In total, our pipeline for wind and photovoltaic projects increased year-on- EBITDA year to 17,937 MW/MWp (H1 2023: 16,590 MW/MWp). We are therefore well positioned for further d
Slide 27: Continuous Increase in All Areas
CONTINUOUS INCREASE IN ALL AREAS VERY GOOD PROGRESS IN THE IMPLEMENTATION OF THE STRATEGY Output in MW/MWp Operations management in MW 3.000 1.200 1.000 2.500 800 2.000 600 1.500 400 1.000 200 500 0 2020 2021 2022 2023 H1 2024 2020 2021 2022 2023 H1 2024 Project pipeline in MW/MWp Internal operation
Slide 28: PNE Is Ideally Positioned in the Market
PNE IS IDEALLY POSITIONED IN THE MARKET » As a Clean Energy Solutions Provider, we benefit from the global hunger for clean energy and increasing electrification » Our integrated business model covers the entire value chain, opens up further growth and margin potential and is resilient » The expansi
Slide 29: 05 – Capital Market Information
05 – CAPITAL MARKET INFORMATION
Slide 30: Share Price Outperforms RENIXX in H1
SHARE PRICE OUTPERFORMS RENIXX IN H1 130% PNE AG Shares RENIXX SDAX TecDAX 120% 110% 100% 90% 80% 70% 60% January Januar 24 February Februar 24 March März 24 April 24 May Mai 24 June Juni 24 30 Company presentation | August 2024
Slide 31: Shareholder Structure of PNE AG
SHAREHOLDER STRUCTURE OF PNE AG Date of latest Share- Shareholder disclosure holding Morgan Stanley 19.1.2023 44.20% Active Ownership Fund SCS 9.12.2021 11.99% Samson Rock 8.1.2024 7.93% holds 7.93% PNE shares and additional 0.22% of the voting rights through other instruments, overall 8.16% of the
Slide 32: PNE Bond: Stable Development Since 01.08.2022
PNE BOND STABLE DEVELOPMENT SINCE 01.08.2022 Corporate bond 140 Corporate bond 2022/2027 Anleihe 2022/2027 130 120 110 100 90 80 70 60 Aug. 22 Nov. 22 Feb. 23 May Mai. 23 Aug. 23 Nov. 23 Feb. 24 May Mai. 24 32 Company presentation | August 2024
Slide 33: Contact
CONTACT ALEXANDER LENNEMANN CHRISTOPHER RODLER HEAD OF CORPORATE COMMUNICATIONS HEAD OF INVESTOR RELATIONS [email protected] [email protected] +49 (0) 4721 718 - 453 +49 (0) 40 879 331 14 33 Company presentation | August 2024 www.pne-ag.com