La Francaise De L'energie Sa · EURONEXT:FDE
La Francaise De L'energie Sa — FY2024 Earnings Presentation
16 slides from La Francaise De L'energie Sa's earnings presentation, Oct 28, 2024
Slide 1: Local Energy – Positive Impact: FY 2024 Annual Results
Local Energy – Positive Impact FY 2024 Annual Results October 28th 2024
Slide 2: FDE: A Complete Set of Sustainable Energy Solutions
FDE: A COMPLETE SET OF SUSTAINABLE ENERGY SOLUTIONS A LEADING PLATFORM FOR LOW-CARBON ENERGIES IN EUROPE Using low-carbon Carbon capture and fuels (biogas/RNG, PROVIDING VARIOUS utilization/storage abandoned mine methane, hydrogen) SOLUTIONS ELECTRICITY HEAT GAS HYDROGEN CO2 Code Reuters : FDEL. PA
Slide 3: FDE: A Diversified Production Base in Europe
FDE: A DIVERSIFIED PRODUCTION BASE IN EUROPE 22,5 MW ELECTRICITY installed cogenerations FRANCE, BELGIUM & BOSNIA + NORWAY UNDER DEVELOPPEMENT 60 MV installed PV NORWAY HEAT FRANCE 8 MW installed GAS (incl. RNG) c. 220 FRANCE GWH NORWAY UNDER DEVELOPEMENT gas annual BELGIUM production FRANCE HYDROGE
Slide 4: Highlights of FY 2024
HIGHLIGHTS OF FY 2024 Strategic acquisition in Norway Purchase of a controlling stake in Greenstat, a leading Norwegian energy player, strengthening our low carbon energy portfolio in hydrogen and solar projects Start of first RNG and Bio-CO2 project in Norway Initiation of engineering work, signatu
Slide 5: FY 2024 Results
FY 2024 Results Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP
Slide 6: FY 2024 Confirming Sustainable Business Model
FY 2024 CONFIRMING SUSTAINABLE BUSINESS MODEL + 36% CAGR FY24 Electricity (69% of total revenues): €21.9 M driven by increase in electricity since the IPO € 39.2 M production volumes (+5%) despite the (7 years) decline in average selling prices to €144/MWH (FY23: €176/MWH). € 34.2 M1 FY24 Gaz (23% o
Slide 7: Solid Financial Aggregates
A MAJOR SOLID PLAYER IN FINANCIAL THE ECOLOGICAL TRANSITION AGGREGATES EBITDA OPERATING NET INCOME INCOME (GROUP SHARE) EBITDA margin above FY30 targets €26.6 M €19.7 M €16.1 M €15.9 M 63% €12.0 M EBITDA 51% Margin Margin €9.7 M 31% Margin FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Code Reuters
Slide 8: Solid Financial Aggregates
SOLID FINANCIAL AGGREGATES € thousand FY 2023 FY 2024 1 Continuous cost control: COGS representing 23% of the revenues (FY 23 included €1M of REVENUES 39 227 31 446 Arenh (electricity) rights retroceded) Other operating income 1 048 1 339 2 In an inflationary environment, normative SG&A Opex 1 (5 20
Slide 9: Solid Financial Structure
SOLID FINANCIAL STRUCTURE ASSET EQUITY & LIABILITIES € 200 M (+ € 37 M) Exploration assets 41% (Lorraine): € 39 M Equity € 91 M Net Debt Proven mining rights (+ € 17 M) to Equity (Gazonor & Gazonor Benelux): Non current € 24 M assets Main investments € 137 M - CHPs: € 5.2 M € 24.9 M Tangible assets:
Slide 10: Q1 2025 Revenues: Towards Recovery in Gas
Q1 2024 REVENUES: A MAJOR PLAYER IN THE ECOLOGICAL TRANSITION TOWARDS RECOVERY IN GAS BUSINESS AND NEW CHPs BEING INSTALLED € 8.1 M 1Q 25 sales of €7.1 M on a fully consolidated basis (€5 M, with Drin Energija accounted for by the equity method). Electricity: €3.6 M on the back of normalisation of e
Slide 11: Electricity: Cogeneration and Solar Portfolio
ELECTRICITY: COGENERATION AND SOLAR PORTFOLIO Installed Today 2030 X3,6 Capacity 82,5 MW 300 MW Countries In operation 3 5 PIPELINE UNTIL 2026 (62,5 MW) ANGRES FOLSCHVILLER 22,5 Capacity: 3MW (2CHPs) Capacity: 7 MWc MW Expected COD: 2024 Expected COD: 2026 Installed (15 CHPs) on 6 sites NORWAY ROUVI
Slide 12: RNG Portfolio Development Plan
RNG PORTFOLIO DEVELOPMENT PLAN Production Today 2030 X4,3 Capacity 220 GWh 950 GWh Countries In operation 1 3 PIPELINE UNTIL 2026 (447 GWh) 220 STAVENGER PROJECT #4N GWh Capacity: 101 GWh/year Capacity: 60 GWh/year of AMM on 2 sites Expected COD: 2025 Expected COD: 2026 LAERDAL BERGEN 707 BERGEN PRO
Slide 13: Hydrogen Assets and Projects
HYDROGEN ASSETS AND PROJECTS Production Today 2030 Capacity 0 GWh 585 GWh Countries In operation 1 3 1 H2 Project under development in France, converting gas GLOMFJORD reserves into Blue H2 associated with CCUS HYDROGEN PIPELINE 1 natural H2 appraisal site in France, a larger portfolio under (exclud
Slide 14: FDE's 2030 Growth Plan
FDE’S 2030 GROWTH PLAN EMISSIONS CO 2 EQ Avoided annually EBITDA In €M ANNUAL REVENUES > 20 MT/y In €M > €85 M > €175 M Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 14
Slide 15: FDE Listing
FDE LISTING KEY CORPORATE INFORMATION SELL SIDE COVERAGE (as of October 25th, 2024) ✓ BUY Target Price: €59 Listing Euronext Paris Mars 2024 Analyst: cornelis.kik@ha-ib.de Share price €28.35/ share 5,2 M ✓ BUY Shares outstanding €189 M Target Price: €70 Market capitalisation October 2024 Analyst: vn
Slide 16: FDE
FDE Code Reuters : FDEL. PA – Code Bloomberg : FDE.FD Tel : +33 (0)3 87 04 32 11 ir@francaisedelenergie.fr www.francaisedelenergie.fr
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