Ellomay Capital Ltd · AMEX:ELLO
Ellomay Capital — Investor Presentation (October 2014)
17 slides from Ellomay Capital's investor presentation, Oct 23, 2014
Slide 1: Ellomay Capital Limited
Exhibit 99.1 -ellomay CAPITAL LIMITED NYSE MKT: ELLO
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, 2013, and other filings that we make from time to time with the
Slide 3: Corporate Profile
Corporate Profile NYSE MKT; TASE ELLO Share Price (10/6/14) $9.56 Market Cap (10/6/14) $96.03 M Shares Outstanding 10.7 M FY 2013 Revenue $13.0 M FY 2013 EBITDA* $15.3 M Revenue for the six months $7.5 M ended June 30, 2014 EBITDA for the six months $4.7 M ended June 30, 2014 * Cash (6/30/14) $43 M
Slide 4: Company Overview
Company Overview Ellomay operates in the energy and infrastructure sectors, including renewable and clean energy, and aims to exploit attractive yield to risk ratios. Current management/controlling shareholders took control of a public shell with approximately $80M of cash and began investing/operat
Slide 5: Corporate Structure
Corporate Structure Shareholders agreement* Kanir Partnership Shlomo Nehama The public **31.4% 37.6% 27.2% 7.5% 100% PV Dorad is Israel's largest private power plant 16 PV plants in Italy and (approximately 800MW representing approximately Spain***, with an 6% of Israel electricity capacity), began
Slide 6: Portfolio Summary
Portfolio Summary Spain (PV) Italy (PV) Israel Nominal Capacity 7,888 kWp 22,635 kWp 800 MW % Ownership 85%-100% 100% 7.5%* Cost of Property, Plant and ~ $7.6 M Equipment as of June 30, 2014 ~ $96.8 M *** Total capital expenditure in connection with the ~ $30.7 investment in Dorad as of June M** 30,
Slide 7: Growing Capacity of Ellomay's PV Portfolio
Growing Capacity of Ellomay’s PV Portfolio 7
Slide 8: Italian PV Market
Italian PV Market The Italian government adopted the European most common incentive scheme- Feed In Tariff (FiT). The energy authority in Italy (GSE) pays a long-term nominal rate per every kilo-watt hour that is produced by a PV plant on top of the price of electricity the PV plant receives on elec
Slide 9: Italian PV Plants
Italian PV Plants Installed Acquisition Acquisition 2014 FIT* Project name Capacity Cost per Technology Region Year Eurocent/KWh (kWp) MWp (in millions) Del Bianco 734 2010 2.9€ Fix Marche 34.57 Costantini 734 2010 2.9€ Fix Marche 34.57 Giacchè 730 2010 3.8€ Trackers Marche 34.57 Massaccesi 749 2010
Slide 10: PV Plants in Spain
PV Plants in Spain Acquisition Expected Installed Connection Remuneration Date Cost per annual Project name Location Capacity Technology Date period Acquired MWp revenues (€ (kWp) (millions) thousand) November Rodríguez I Murcia 1,675 30 years Fix July 1.55€ ~ 570 2011 2014 November Rodríguez II Mur
Slide 11: Dorad Energy
Dorad Energy Ellomay indirectly holds a 7.5% interest in Dorad, and also holds an option to purchase an additional interest of approximately 1.9%. As of today, Dorad is the largest private power station in Israel, with installed capacity of approximately 800 MW. The station is bi-fuel and powered by
Slide 12: Dorad Energy
Dorad Energy Electricity is sold directly to end-users and to the national distribution network at competitive rates. The station, that was declared a national infrastructure project by the Israeli Prime Minister, is operational and connected to the grid. The station was commercially operated and be
Slide 13: Financial Summary
Financial Summary For the 6 months For the year ended For the year ended (US$ in thousands) ended December 31 2012 December 31 2013 June 30, 2014 Revenues 8,890 12,982 7,531 Gross profit 4,219 6,580 2,813 Operating profit (loss) 715 13,368 2,078 Net income (loss) for the period (2,133) 10,087 (522)
Slide 14: Leadership Team
Leadership Team Shlomo Nehama, Chairman of the Board - Former Chairman of the Board of Bank Hapoalim, the leading bank in Israel, between 1998 and 2007. Mr. Nehama, along with the late Ted Arison, organized the group of American and Israeli investors who purchased the bank from the State of Israel i
Slide 15: Investment Summary
Investment Summary 1. Diversified base of cash flow generating assets 2. Strong balance sheet and track record of securing non-dilutive financing 3. Focus on small/mid size scale commercial projects with limited capex and operational risks 4. Significant operating leverage as our G&A is not expected
Slide 16: Appendix A - EBITDA
Appendix A - EBITDA • Use of NON-IFRS Financial Measures EBITDA is a non-IFRS measure and is defined as earnings before financial expenses, net, taxes, depreciation and amortization . The Company presents this measure in order to enhance the understanding of the Company’s historical financial perfor
Slide 17: Contact
Contact Company Investor Relations Kalia Weintraub Dustin Salem Chief Financial Officer Senior Vice President - Western Ellomay Capital LTD. Region 9 Rothschild Blvd., Tel Aviv MZ Group - MZ North America Direct: +972-3-7971111 Direct: 949-259-4998 Fax: +972-3-7971122 Mobile: 949-375-4834 Email: kal
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