Ellomay Capital Ltd · AMEX:ELLO
Ellomay Capital — Investor Presentation (October 2024)
33 slides from Ellomay Capital's investor presentation, Oct 30, 2024
Slide 1: Form 6-K Report of Foreign Private Issuer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number: 001-35284 Ellomay Capital Ltd. (Translation of registran
Slide 2: Explanatory Note
Explanatory Note On October 30, 2024, Ellomay Capital Ltd. published an investors presentation (the “Presentation”). The Presentation is attached hereto as Exhibit 99.1. Exhibit Index This Report on Form 6-K of Ellomay Capital Ltd. includes the following document, which is attached hereto and incorp
Slide 3: Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ellomay Capital Ltd. By: /s/ Ran Fridrich Ran Fridrich Chief Executive Officer and Director Dated: Octo
Slide 4: Investors Presentation October 2024
Initiation, Development and Operation of Renewable Energy Projects for the Generation and Storage of Electricity and Gas through a Range of Technologies Investors Presentation October 2024
Slide 5: Legal Disclaimer
Legal Disclaimer General The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information, including our Annual Report on Form 20-F for the year ended December 31, 2023, and other filings that we make from time to time with
Slide 6: Legal Disclaimer (cont.)
Legal Disclaimer (cont.) Use of non-IFRS Measures This presentation includes adjusted revenues, EBITDA, adjusted EBITDA, FFO and adjusted FFO forecasts; EBITDA is defined as income before net finance expenses, taxes, depreciation and amortization, and FFO (funds from operations) is calculated by add
Slide 7: Our Objectives
Our Objectives Continued Growth Growth in the renewable energy activity from development to manufacturing - in Europe, USA, Israel A Profitable and Financial policy Sustainable Company Maintaining leveraging ratios Generating a stable cash flow and balanced growth while from renewable energy and mai
Slide 8: Forecast Connection of the Projects to the Grid
Forecast Connection of the Projects to the Grid Project portfolio Israel 800 MW USA Preliminary 757 MW - existing Italy development 229 MW - Italy Spain 100 MW - USA 229 MW - Italy 269 MW Advanced 522 MW - existing 40 MW - USA development 195 MW - Italy 418 MW 40 MW - USA 213 MW - Italy Under 455 MW
Slide 9: Key events 2024
Key events 2024 Israel • The sale of the Talmei Yosef project (solar 9 MW) was completed. In the Manara project construction work at the site was discontinued upon the commencment of the Iron Swords War. The Israeli Electricity Authority extended the project by 16 months. USA • Activity at the Dalla
Slide 10: Solar activity – Texas USA
elloma CAPITA IMITED USA INC @ Solar activity — Texas USA
Slide 11: New Operations of the Company - in Texas, USA
New Operations of the Company - in Texas, USA Commencement of Operations and Strategy Scope as of this date • Commencement of operations - 2023 - in 2023, Ellomay Capital, through wholly-owned subsidiaries, started the 4 first projects with a total capacity of development and construction of a portf
Slide 12: Projects in Texas
Projects in Texas Joint development agreement for building 49 MW solar Location: Facility type: Year on which the agreement Dallas metropolitan Several sites under distributed generation was signed: area regulation 2023 Expected net cost: Date of expected connection to the grid: Expected EUR 38.5M •
Slide 13: Energy generation from waste (biogas) - the Netherlands
Energy generation from waste (biogas) - the Netherlands
Slide 14: Waste–to–Energy (Biogas) Projects
Waste–to–Energy (Biogas) Projects The biogas segment - expected data by projects 2024 Project Expected own- production of Expected annual gas Expected Expected EBITDA* New green gas regulation – production capacity revenues electricity Groen Gas Gelderland 1MW 8.4 million cubic meters EUR 7.9M EUR 1
Slide 15: Israel
llomay CAPITAL LIMITED
Slide 16: The Company’s Operations in Israel
The Company’s Operations in Israel Pumped Storage • The construction of a pumped storage project in the Manara Cliff • Capacity of 156 MWh, continuous operation for 12 hours • Total 1,872 MW storage capacity • The project can be extended to 220 MWh Solar + Storage Projects Development and constructi
Slide 17: Pumped Storage Manara Cliff - Under Construction
Pumped Storage Manara Cliff - Under Construction Lower reservoir The main entrance tunnel The main entrance tunnel The low pressure water tunnel 14
Slide 18: Israel - Manara Cliff Pumped Storage Project
Israel - Manara Cliff Pumped Storage Project Total storage capacity of approx. 1,872 MWh Ownership Facility type Location 83.34%: Ellomay Capital Ltd. Pumped storage Manara Cliff - Israel 16.66%*: Ampa Investments Ltd. Work start and expected Expected capacity Expected cost end dates 156 MW EUR 395M
Slide 19: Dorad Power Plant
Dorad Power Plant Power plant’s current capacity Arbitration award in favor of and structure Dorad A power plant with a capacity of approx. At the end of June 2023, an arbitration award was 850 MW. Gas-fired or diesel fuel-fired provided, which required some of the other partners power plant, compos
Slide 20: Development of Solar Projects in Israel
Development of Solar Projects in Israel Connection to Project Status Capacity Tariff per kWh License validity the grid Talmei Yosef Solar The project was sold Komemiyut Solar + storage Urban Building Plan Approved 21 MW Market regulation Market regulation TBD Klahim Solar + storage Urban Building Pl
Slide 21: Spain
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Slide 22: Spain - Solar Projects Connected to the Grid
Spain - Solar Projects Connected to the Grid Project Capacity Radiation (P50) Tariff / PPA Talasol)1) 300 MW 1,869 20% market price / 80% PPA Ellomay Solar 28 MW 1,909 Market price SeguiSolar 1.248 MW 1,486 A EUR 0.22 subsidy per kWh Rodríguez 1 1.675 MW 1,533 A EUR 0.21 subsidy per kWh Rodríguez 2
Slide 23: Italy
elloma CAPITAL LIMITED
Slide 24: Projects in Italy Geographic Deployment
Projects in Italy Geographic Deployment 164.1 MWp 129.7 MWp Friuli-Venezia Giulia Piemonte 8 MWp Marche 160.2 MWp Lazio 21
Slide 25: Solar Projects in Italy
Solar Projects in Italy Expected date of Annual radiation Expected annual Geographical Project Status MW connection to (P50) capacity (P50) location the grid Ello 1 Commercial operation 14.8 1,726 25,512 Lazio Connection to grid Ello 2 Commercial operation 5.0 1,702 8,414 Lazio Connection to grid El
Slide 26: Financial Data
Financial Data
Slide 27: Financial Forecast
Financial Forecast| in EUR million 90 83.0 79.0 80 70 61.0 60 53.0 56.0 48.0 48.0 50 43.0 37.0 40 33.0 30 27.0 20.0 20 10 2024 2025 2026 2027 2024 2025 2026 2027 2024 2025 2026 2027 0 Adjusted revenues * Adjusted EBITDA from projects ** Adjusted FFO from projects ** ▪ The expected revenues, the adju
Slide 28: Summary Table of Projects - Financial Data
Summary Table of Projects - Financial Data | in EUR million Expected Expected Expected Expected Expected Capacity Expected % annual adjusted debt as of interest on repayment of Projects License In MW adjusted Ownership revenues in EBITDA* in December 31, bank loans in principal of bank (MW) FFO* in
Slide 29: Summary Table of Projects under Development/Construction - Financial Data
Summary Table of Projects under Development/Construction - Financial Data | in EUR million Projects Capacity Expected annual Expected annual Annual expected % of ownership Expected timetable revenues Expected cost MW EBITDA * FFO * Under construction / ready to build Connection to the Israel Pumped
Slide 30: Key Balance Sheet Data
Key Balance Sheet Data| in EUR thousand % % % % December 31, of assets December 31, of assets December 31, of assets of assets June 30, 2024 2021 2022 2023 Cash and cash equivalents, deposits and 71,585 13% 49,294 9% 52,124 9% 58,531 9% marketable securities Financial debt* 356,194 65% 384,291 67% 4
Slide 31: Key financial ratios; Company’s debt
Key financial ratios December 31, 2021 December 31, 2022 December 31, 2023 June 30, 2024 Ratio of financial debt to CAP * 76% 82% 77% 78% Ratio of net financial debt to CAP * 61% 72% 68% 67% * For calculation information see Appendix A Company’s debt Debentures listed on Duration Annual interest the
Slide 32: Appendix A - Leverage Ratios
Appendix A - Leverage Ratios | EUR thousand Leverage ratios based on the Company’s balance sheet In EUR thousands December 31, 2021 December 31, 2022 December 31, 2023 June 30, 2024 Current liabilities Current maturities of long-term bank loans 126,180 12,815 9,784 10,253 Current maturities of other
Slide 33: Thank you
Thank you For more information Ran Fridrich, CEO | ranf@ellomay.com Kalia Rubenbach, CFO | kaliaw@ellomay.com www.ellomay.com
Ellomay Capital — Investor Presentation (October 2024) on 6ix