Alerion Clean Power S.p.a. · MIL:ARN
Alerion Clean Power — Investor Presentation (February 2019)
17 slides from Alerion Clean Power's investor presentation, February 2019
Slide 1: Investor Presentation
Investor Presentation Milan, February 2019
Slide 2: Disclaimer
Disclaimer This presentation and the information contained herein are addressed solely to (A) in Italy, “qualified investors”, as defined by Article 34-ter, paragraph 1(b), of Consob‟s Regulation No. 11971/1999, as subsequently integrated and amended and (B) in Europe, persons who are "professional
Slide 3: History
History 2008 - 2014 2015 2016 2017 2018 • Alerion Clean Power • FGPA S.r.l., controlled • On April 11, 2018 a capital increase of focused exclusively on by FRI-EL Green Power €24.8m with the contribution of assets wind power S.p.A, acquired 29.36% of 3 project companies was approved, of Alerion in p
Slide 4: Alerion at a glance
Alerion at a glance Key Facts Wind farm portfolio overview Alerion Clean Power S.p.A. is one of the main independent Italian operator specialized in the production of renewable energies, focused on wind-generated electricity Alerion currently manages and operates a wind farm portfolio composed of: •
Slide 5: Wind farm portfolio overview
Wind farm portfolio overview Operating plants 12 Wind farms managed 337 MW Actual gross capacity Alerion Clean Pow er - Wind farm portfolio overview Bulgaria E nd o f G ro s s C a pa c it y Krupen P la nt Lo c a t io n SP V O wne rs hip Inc e nt iv e ( M W) pe rio d Molise A lba ne lla Eo lo S.r.l.
Slide 6: Wind farm portfolio overview cont’d
Wind farm portfolio overview cont’d Plants under construction Planned 2 Wind farms under construction 72 MW gross capacity Emilia Romagna Albareto Alerion Clean Pow er - Wind farm under construction portfolio overview Campania E nd o f G ro s s C a pa c it y Morcone-Pontelandolfo P la nt Lo c a t io
Slide 7: European wind power Overview
European wind power Overview European installed wind power capacity In 2017 European installed capacity increased of around 15 GW, from 153.7 GW in 2016 to 168.7 GW in 2017 Total installed wind power capacity The Italian wind market is the fifth in Europe (after Germany, Spain, France and UK) with a
Slide 8: Italian Wind Market Overview
Italian Wind Market Overview Italian installed wind power capacity (2017) Installed capacity potential evolution to 2030 The Italian total number of onshore wind farms amounts to around 6,700 plants in Recent analyses showed that the Italian wind power on shore installed capacity 2017 with a total i
Slide 9: Italian Market Positioning
Italian Market Positioning In 2017 Italy produced 17.5 TWh of wind energy, satisfying the needs of 17 million people with many natural environment benefits (reducing CO2 emissions and petrol consumption) In the italian market Alerion, with a 2017 gross capacity of 294 MW in Italy, is ranked 7 an
Slide 10: Regulatory framework – Incentives evolution
Regulatory framework – Incentives evolution Focus on incentives evolution Tariffs allocated to call for tenders €/MWh Tariffs agreed for the Since 2016 the Green Certificates (GC) (the previous 1 incentive scheme) has been substituted by a new incentive form called Feed in Tariff, introduced with 12
Slide 11: Regulatory framework – Repowering and Reblading
Regulatory framework – Repowering and Reblading Focus on repowering and reblading trend Annual repowering potential to 2030 (GW) A significant portion of wind farms installed in Europe 1 will come to the end of useful life between 2020 and 2030 To extend useful life and to enhance energy 2 productiv
Slide 12: Business Plan Strategic Pillars
Business Plan Strategic Pillars Long Term Growth Path Target Presence 1 Organic Growth Future projects are expected 2 O&M Efficiency both in Italy and in other European countries (e.g. Spain) Target of an overall installed 3 New Assets Contribution to expand the actual installed capacity increase of
Slide 13: Business Plan Targets
Business Plan Targets COMMENTS During the Business Plan Period (2019-2021), the Gross Capacity Gross Capacity ~592 is expected to grow to ca. 592 (MW) MW in 2021: 306 306 • Ca. 480 MW in Italy • Ca. 100 MW in Spain 2017A 9M 2018 2021P • 12 MW in Bulgaria As results of the increasing EBITDA (€m) ~70
Slide 14: Annex
ALERIONCLEANPOWER THE wiNbD ENERGY GOMPAWNY | Annex 13
Slide 15: Group structure @ February 2019
Group structure @ February 2019 100% New Assets Contribution Technical and Development Services 100% 100% 100% 100% Alerion Servizi Green Energy Sardegna S.r.l. Fri-El Albareto S.r.l. Tecnici e Sviluppo S.r.l. (Medio Campidano 30.8 MW) (Albareto 19.8 MW) Operative Plants 100% Eolico PM S.r.l. (Morco
Slide 16: Key Financials
Appendix Key Financials Income Statement Balance Sheet €m 2015 2016 2017 9M2017 9M2018 €m 2015 2016 2017 30/09/2018 Revenues 46.5 51.3 54.9 36.6(1) 40.3(1) Non-current intagible assets 70.1 66.7 62.7 - Non-current tangible assets 223.3 207.3 191.4 - Operating costs (21.1) (16.1) (15.3) (9.0) (9.0) N
Slide 17: The Group: FRI-EL Green Power
Appendix The Group: FRI-EL Green Power Pro Forma Key Financials (€ m) Shareholding Structure c 2016 20171 Ernst Gostner Thomas Gostner Revenues 214 325 33% 33% EBITDA 83 143 EBITDA % 38.8% 44.0% Net Results 22 46 NFP 246 416 NFP/EBITDA 3.0x 2,9x Josef Gostner Increase due to the acquisition of the c
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