Slide 1: Financial Results Summary: 2015
Exhibit 99.3 Financial Results Summary: 2015 1
Slide 2: Disclaimer
Disclaimer General: • The information contained in this presentation is subject to, and must be read in conjunction with, all other publically available information, including our Annual Report on Form 20-F for the year ended December 31, 2015, and other filings that we make from time to time with t
Slide 3: Company Overview
Company Overview (NYSE MKT; TASE: ELLO) Ellomay operates in the energy and infrastructure growing sectors including renewable 1 and clean energy Ellomay holds 12 PV Plants in Italy (22.6 MWp), 4 PV Plants in Spain (7.9 MWp) and 2 ~9.2% of Dorad Power Plant’s Commercial Operations (~ 850MW) Ellomay f
Slide 4: Portfolio Summary
Portfolio Summary Spain Italy Israel (PV) (PV) (CCGT1) Installed Capacity 7.9 MWp 22.6 MWp 850 MW1 % Ownership 100% 100% 9.2%~2 Book Value of investment3 $20.7 M~4 $77.6M~4 $37M~5 License Expiration 2040-2014 2031~ 20346 # of Power Plants 4 12 1 1) The Dorad Power Plant began commercial operation in
Slide 5: On going Steady Capacity Growth of PV Portfolio
On going Steady Capacity Growth of PV Portfolio 5
Slide 6: Corporate Structure
Corporate Structure Shareholders agreement1 Shlomo Nehama Kanir Partnership The public and others 31.4%2 1) Mr. Shlomo Nehama owns the shares of Ellomay directly and indirectly. A shareholders agreement was signed between Kanir partnership and a company controlled by Shlomo Nehama that holds 33.26%
Slide 7: Holdings Overview
Holdings Overview Yielding Portfolio Development Project 75% Dorad Energy Ltd. (“Dorad”) PV Operations Ellomay pumped storage (2014) Ltd. Holds and operates 16 PV plants pumped hydro a 850 MW CCGT(2) power plant Pre-construction phase(3) (the “Dorad Power Plant”) Italy Spain 12 PV Plants 4 PV Plants
Slide 8: Company History
Company History Entrance to Italian Commencement of Dorad PV Listing in Power Plant’s Commercial Listing in (acquisitions Market2010 - NYSE Operations 2013) TASE MKT (850MW) 2010 2011 2012 2013 2014 2015 Acquired Public Debenture Entrance to Acquisition indirect equity Issuance Spanish PV of interes
Slide 9: PV Operations: Italy & Spain
PV Operations: Italy & Spain 9
Slide 10: PV Plants in Italy
PV Plants in Italy Installed Acquisition Acquisition Connection FIT(1) Project name Capacity Cost per Technology Region Year Date1 Eurocent/KWh (kWp) MWp (in millions) Del Bianco 734 2010 2.9€ 04/2011 Fix Marche 32.15 Costantini 734 2010 2.9€ 04/2011 Fix Marche 32.15 Giacchè 730 2010 3.8€ 04/2011 Tr
Slide 11: PV Plants in Spain
PV Plants in Spain Acquisition Expected Installed Acquisition Cost per Connection annual Project name Capacity Technology Location Year MWp Date1 revenues (kWp) (in millions) (€ thousand) Rodríguez I 1,675 2014 1.55€ 11/2011 Fix Murcia ~ 570 Rodríguez II 2,690 2014 1.78€ 11/2011 Fix Murcia ~ 960 Fue
Slide 12: Dorad Power Plant Ashkelon, Israel
Dorad Power Plant Ashkelon, Israel 12
Slide 13: One of the largest private power plants in Israel
• One of the largest private power plant in Israel, with installed capacity of approximately 850 MW • Ellomay indirectly holds approximately 9.2% interest in Dorad and holds an option to purchase an additional interest of approximately 0.2% • The plant is a CCGT bi-fuel and powered by natural gas. T
Slide 14: Dorad Power Plant Key P&L and Statement of Cash Flows Figures
Dorad Power Plant Key P&L and Statement of Cash Flows Figures (NIS millions) 2014 (1) 2015 Revenues 1,484 2,357 Gross profit from operating the power plant 233 382 Operating profit 213 357 EBITDA (2) 338 594 Finance exp., net (110) (216) Net income (loss) for the period 80 103 Net increase (decrease
Slide 15: Pumped-Storage Development Project Manara Cliff, Israel
Pumped-Storage Development Project Manara Cliff, Israel 15
Slide 16: Pumped-Storage Project: Manara Cliff, Israel (Manara Project)
Pumped-Storage Project: Manara Cliff, Israel (“Manara Project”) • Hydro-electric storage system comprised of two water reservoirs (upper and lower), connected through an underground water pressure pipe • Energy is stored by pumping water from lower to upper reservoir and generated by releasing the w
Slide 17: Pumped-Storage Project: The solution in a nut shell
Pumped-Storage Project: The solution in a nut shell • Sustainable technology - working for over 100 years • Pumped storage plant is a power plant capable of storing energy by raising and releasing water allowing quick response time (90 sec) for the use of the grid dispatcher • Using a hydro-electric
Slide 18: Financial Results Summary: 2015
Financial Results Summary: 2015 18
Slide 19: From PV Operations - From one hand, there is a decrease that is mainly
2015 2014 2015 2014 1) From PV Operations - From one hand, there is a decrease that is mainly due to the presentation of results in U.S. dollar and the devaluation of the Euro against the U.S. dollar during 2015. On the other hand, revenues denominated in Euro have increased by approximately 5% and
Slide 20: Key Income and P&L Figures (USD millions)
Key Income and P&L Figures (USD millions) *See page 24 “EBIDTA" 20
Slide 21: On going Revenues Growth (EUR millions)
On going Revenues Growth (EUR millions) Revenues for the year ended December 31, 2015 were up by approximately 5% compared to the year ended December 31, 2014 21
Slide 22: Key Financial Ratios
Key Financial Ratios December 31, December 31, 2014 2015 Financial Debt to CAP (A/D) 37% 38% Financial Debt, net to CAP (B/D) 21% 22% Financial Debt to Total equity (A/C) 59% 63% Financial Debt, net to Total equity (B/C) 34% 36% *See Appendix C Strong Balance Sheet, Sufficient Liquidity, Low Leverag
Slide 23: Key Balance Sheet Figures (USD 000`)
Key Balance Sheet Figures (USD 000`) December 31, % December 31, % Of Of 2014 BS 2015 BS Cash and cash equivalent, Marketable 23,388 15% 25,216 16% securities, Short-term deposits Financial Debt* 55,288 35% 58,852 37% Financial Debt, net* 31,900 20% 33,636 21% Property, plant and equipment net 93,51
Slide 24: EBITDA (USD 000`)
EBITDA (USD 000`) • Reconciliation of Net income (loss) to EBITDA (in US$ thousands): For the year ended For the year ended December 31, December 31, 2014 2015 Audited Audited Net income (loss) for the period 6,646 7,298 Financing expenses (income), net 3,395 (592) Taxes on income 201 (1933) Depreci
Slide 25: Investment Summary
Investment Summary 1 Diversified base of cash flow generating assets 2 Strong balance sheet and track record of securing non-dilutive financing Seasoned management team with extensive sector knowledge and access to attractive 3 opportunities 4 Focus on potential projects with limited capex and opera
Slide 26: Contact
Contact Company Investor Relations Kalia Weintraub Hadas Friedman Chief Financial Officer Ellomay Capital LTD. KM Investor relations 9 Rothschild Blvd., Tel Aviv Direct: +972 (0)3-5167620 Direct: +972-3-7971111 hadas@km-ir.co.il Email: anatb@ellomay.com www.km-ir.co.il www.ellomay.com 26
Slide 27: Appendix A - Italian PV Market
Appendix A - Italian PV Market • The Italian government adopted the Feed In Tariff (FiT) incentive scheme. The energy authority in Italy (GSE) pays a long-term nominal rate per every kilo- watt hour that is produced by a PV plant on top of the price of electricity the PV plant receives on electricit
Slide 28: Appendix B - Spanish PV Market
Appendix B - Spanish PV Market • The legal and regulatory framework applicable to the production of electricity from renewable energy sources in Spain has been modified during the second half of 2013, establishing the basis of the new remuneration scheme applicable to renewable energies called the “
Slide 29: Appendix C - Leverage Ratios
Appendix C - Leverage Ratios • Use of NON-IFRS Financial Measures The Company defines Financial Debt as loans and borrowings plus debentures (current liabilities) plus finance lease obligations plus long-term bank loans plus debentures (non-current liabilities), Financial Debt, Net as Financial Debt
Slide 30: Appendix D - Israeli Rating for Series A Debentures
Appendix D - Israeli Rating for Series A Debentures • On January 28, 2016, Standard & Poors Maalot Ltd. (“Maalot”) confirmed the rating of ilA-assigned to the Series A Debentures traded on the Tel Aviv Stock Exchange and reaffirmed the “Stable” outlook. • In its rating report Maalot notes, among oth
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