Energy Spa · MIL:ENY
Energy Spa — 38th MKK – Munich Capital Markets Conference 2024
26 slides from Energy Spa's conference presentation, Nov 13, 2024
Slide 1: 38th MKK – Munich Capital Markets Conference
38th MKK – Munich Capital Markets Conference Energy S.p.A. – Nov. 13th, 2024
Slide 2: Today’s Speakers
Today’s Speakers Co-Founder & CEO • PhD in Engineering, Master in Project and Innovation Management • Former Project Manager in the field of nanotechnology • Served as COO in former Mitsubishi Electric Klimat Transportation Systems Davide Tinazzi CFO • MBA, Degree in Business Management, post-gradua
Slide 3: Agenda
Agenda 04 2024 Key Facts 08 Future Outlook 06 Energy: a unique Integrated Player 09 1H 2024 Financial Results 07 Market Context and Company’s Strategies 16 Annex 3
Slide 4: 2024 Key Facts
2024 Key Facts €26m order from ASFINAG – Authorized Technical Assistance Austria’s motorway concession Centres: launch of a network of Started testing phase for company – to supply BESS installers, throughout the country, the first battery systems and related services for trained and qualified by En
Slide 5: What’s new: latest update
What’s new: latest update • On November 12, 2024 Energy Group, through its subsidiary Enermore, signs a LOI with Austria’s Stadtwerke Amstetten for the supply of an innovative Energy Management System (EMS) and a 1MW/2,256kWh Battery Energy Storage System (BESS) • The system will be installed at Sta
Slide 6: Energy: a unique Integrated Player
Energy: a unique Integrated Player The Energy Group is a leading manufacturer of all the hardware and software technology of the BESS (Battery Energy Storage System) systems and a provider of related services (such as cloud control and engineering support) in the Italian and European markets. The Gr
Slide 7: Market Context and Company’s Strategies
Market Context and Company’s Strategies BESS market is part of a long-term trend, driven by following factors: • fluctuations in energy prices (which will strengthen the demand for BESS to ensure cost stability and security of supply) • risks of blackouts and need to stabilize the grid (also due to
Slide 8: Future Outlook
Future Outlook q C&I remains a focus for national & international growth q AI integrated services and cloud-based solutions will provide additional sales opportunities q Engineering Services will provide additional grip to all initiatives q Capillary presence of CAT (Centres for Technical Assistance
Slide 9: 1H 2024 Financial Results
" aa : ee 1H 2024 Financial Results: PS i of oI SP Pe TIS Si tos
Slide 10: Overview of Financial Performances
Overview of Financial Performances Still a complex Energy’s 1H 2024 was negatively impacted by following factors: scenario in 1H 2024 • significant drop in prices due to excess supply across the entire renewables sector (with significant impacts also on storage) • persistence of high interest rates
Slide 11: Revenues breakdown
Revenues breakdown Revenues by Geographic Area Revenues by Product Category Revenues by Channel • The initiatives abroad, further intensified during the first half of 2024, allowed to record a significant increase in revenues in the EU area • As regards Extra Large systems, the Group has continued i
Slide 12: EBITDA
EBITDA • Marginality down compared to 1H 2023 (EBITDA margin equal to -17%), mainly due to the downward trend in prices and de-stocking activities undertaken in 1H 2024 in addition to targeted promotional campaigns on products and accumulation kits • The result on margins is therefore explained firs
Slide 13: Commercial Working Capital
Commercial Working Capital 51.1 46.2 • The Commercial Working Capital is equal to €46.2 million: the raw material inventories are down compared to 31 December 2023 and the Group has implemented a reduction in purchases and trade payables • With reference to inventories, the Group has implemented an
Slide 14: Net Financial Position
Net Financial Position 4.6 8.3 8.6 9.6 7.0 8.3 M (Debt) 13.7 9.1 12.9 NFP 1H 2024 (vs 0.2 M cash in FY 2023) 17.7 18.8 11.7 -0.2 30/06/23 31/12/23 30/06/24 Cash and Cash Equivalents Short- term debt Medium-long term Debt 14
Slide 15: Cash Bridge Analysis
Cash Bridge Analysis -7.2 Net Cash Flow 2.3 10.1 5.6 Gigafactory 3.7 3.5 Buy to rent 5.0 1.0 Other items 0.6 18.8 11.7 Cash End Operating Cash Capex Δ Short-term Δ Medium-long Other Cash End Current 31/12/2023 flow Debt term Debt Period Values in €M 15
Slide 16: Annex
Annex
Slide 17: Income Statement
Income Statement The companies included in the consolidation scope at June 30, 2024 are Energy S.p.A. (also the “Parent Company”) and the subsidiary Enermore S.r.l. (also the “Subsidiary”). Energyincloud S.r.l. (EiC) is not fully consolidated due to its insignificance in terms of providing a true an
Slide 18: Balance Sheet
Balance Sheet The companies included in the consolidation scope at June 30, 2024 are Energy S.p.A. (also the “Parent Company”) and the subsidiary Enermore S.r.l. (also the “Subsidiary”). Energyincloud S.r.l. (EiC) is not fully consolidated due to its insignificance in terms of providing a true and f
Slide 19: Cash Flow
Cash Flow The companies included in the consolidation scope at June 30, 2024 are Energy S.p.A. (also the “Parent Company”) and the subsidiary Enermore S.r.l. (also the “Subsidiary”). Energyincloud S.r.l. (EiC) is not fully consolidated due to its insignificance in terms of providing a true and fair
Slide 20: Go-to-Market
Go-to-Market To date 62,000+ systems have been sold by Energy and already installed on the national territory, dedicated to the Residential, Commercial & Industrial, Utilities and Electric Mobility markets. The Energy Group's sales channels include both generalist distributors of electrical material
Slide 21: From start-up to international company in 10+ years
From start-up to international company in 10+ years Italian main system integrator Triple digit growth: of products from leading global €50m+ revenues manufacturers (CAGR2014-2021 +158%) Energy is founded 9,000+ systems sold 56 MW sold 2013 2015 2015-19 2020 2021 2022 “Like Tesla”: New production an
Slide 22: Shareholding & Governance
Shareholding & Governance SHAREHOLDER ORDINARY SHARES PAS TOTAL SHARES % OF SHARE CAPITAL Elmagi s.r.l. (company owned by Davide Tinazzi) 10,444,188 949,896 11,394,084 19.69% Freman Holding s.r.l. (company owned by Andrea Taffurelli) 10,452,570 949,896 11,402,466 19.70% Sun Hongwu* 10,270,638 948,00
Slide 23: ESG Reporting
ESG Reporting The Sustainability Report represents the Company's first step towards the ESG path undertaken during 2023, anticipating the regulatory obligations expected for 2026. The general principles that have been applied for the preparation of the Sustainability Report are those established by
Slide 24: Glossary
Glossary Payback period The number of years it will take for positive flows from an investment to compensate for outgoings sustained. It indicates the riskiness of a project solely in terms of time. BESS-Battery Energy Storage Systems Photovoltaic panel A group of devices, equipment, management and
Slide 25: Disclaimer
Disclaimer This presentation and the information contained herein (unless otherwise indicated), are provided by Energy S.p.A. (“Energy”) solely for informational purposes. By attending this presentation or otherwise viewing this presentation, or having access to the corresponding information, you ar
Slide 26: Energy S.p.A.
Energy S.p.A. Registered office : Piazza Manifattura, 1 - 38068 Rovereto TN - Italy Operational headquarters : Via Zona Industriale, 10 - 35020 Sant'Angelo di Piove di Sacco PD - Italy For investor relations refer to investor@energysynt.com energyspa.com
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