Pne Ag · XETR:PNE3
Pne — PNE Wind — Q1 2017 Earnings Presentation
11 slides from Pne's earnings presentation, May 10, 2017
Slide 1: PNE WIND AG Webcast Presentation Q1-2017
PNE WIND AG Webcast Presentation I Q1-2017 May 10, 2017
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: Q1-2017 Highlights
PNE WIND GROUP Q1 - 2017 HIGHLIGHTS OPERATIONAL AND FINANCIAL Positive start in 2017 - Total aggregate output of € 24.6m (prior year: € 21.1m) Project implementation according to plan -Total of 91 MW under construction in Germany and France Offshore Wind Farm Atlantis I sold to Vattenfall - Low doub
Slide 4: Onshore Pipeline
PNE WIND GROUP ONSHORE PIPELINE Country I-II III IV Total MW Q1 characterized by development activities Germany 1,280 60 59 1,399 - Increasing investments in new wind farms Bulgaria 121 0 0 121 91 MW under construction at the end of Q1 United Kingdom 43 0 0 43 - 59 MW in Germany, partly for new Wind
Slide 5: Offshore Projects
PNE WIND GROUP OFFSHORE PROJECTS Zone Sold projects Phase #WET Total MW Atlantis I sold to Vattenfall 1 Borkum Riffgrund 1 8 78 312 - Low double digit € million payment in 2017 1 Borkum Riffgrund 2 6 56 448 - Further milestone payments expected with further value-add of the project 1 Gode Wind 1 & 2
Slide 6: Income Statement (IFRS)
PNE WIND GROUP INCOME STATEMENT (IFRS) In EURm 3M 2017 3M 2016 2016 Total output increased by 16% Sales 20.4 12.0 248.6 - Increase driven by sale of Atlantis I Work in progress 3.6 5.8 1.6 EBIT positive and slightly increased yoy Other income 0.6 3.4 9.1 - Earnings supported by sale of Atlantis I -
Slide 7: Balance Sheet Assets (IFRS)
PNE WIND GROUP BALANCE SHEET ASSETS (IFRS) Inventories decreased to € 92.5m - Represents end consolidation of Atlantis I (€ 21.9m) € 146.8m in cash and equivalents - Strong liquidity position to fund future developments PNE WIND II company presentation II 05 2017 7
Slide 8: Balance Sheet Liabilities (IFRS)
PNE WIND GROUP BALANCE SHEET LIABILITES (IFRS) Balance sheet structure improved further - Equity ratio of 55% (53% as of 31 December 2016) Long and short term liabilities further reduced - Long term liabilities decrease due to elimination of the provision for the Atlantis I project (€ 6.9m) - Short
Slide 9: Outlook & Strategy Update
PNE WIND GROUP OUTLOOK & STRATEGY UPDATE Onshore wind power - Investing in a new wind farm portfolio of 200+ MW - Increase own power generation - Enter new markets Offshore wind power - Ongoing consultant agreements with DONG and Vattenfall - Atlantis I being prepared for next tender - New markets a
Slide 10: Q&A
PNE WIND GROUP Q&A PNE WIND II company presentation II 05 2017 10
Slide 11: Thank You / Contact
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: rainer.heinsohn@pnewind.com Christopher Rodler Head of Investor Relations Tel: +49 (0) 47 21 – 7 18 - 454 Fax: +49 (0) 47 21 – 7 18 - 373 Harnessing the power of the wind m