Pne Ag · XETR:PNE3
Pne — Investor Presentation (April 2024)
34 slides from Pne's investor presentation, April 2024
Slide 1: PNE – Pure New Energy Company Presentation
PNE – PURE NEW ENERGY COMPANY PRESENTATION April 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or purchase any securities of PNE AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. This pre
Slide 3: Agenda
AGENDA 01 Company Profile & Business Model 02 Market & Strategy 03 Operative developments 04 Capital maket information 3 Company presentation
Slide 4: 01 – Company Profile & Business Model
01 – COMPANY PROFILE & BUSINESS MODEL
Slide 5: PNE – Full of Energy
PNE – FULL OF ENERGY WE ARE ONE OF THE MOST EXPERIENCED PROJECT DEVELOPERS IN THE FIELD OF RENEWABLE ENERGIES » > 25 years industry experience » Active in 15 countries on 4 continents » Leading wind park developer in Germany » No. 2 O&M Manager in Germany with > 2,900 MW » > 6,500 MW of renewable en
Slide 6: Our Internally Operated Wind Farms
OUR INTERNALLY OPERATED WIND FARMS » PNE is becoming more and more of an electricity producer: 29 internally operated wind farms in Germany Independent Power Producer (IPP) » Further markets for our own generation portfolio: France & Poland Spain & Italy only PV 6 Company presentation
Slide 7: We Are a Reliable Partner. Our Word Counts.
WE ARE A RELIABLE PARTNER. OUR WORD COUNTS. COMPREHENSIVE INDUSTRY KNOW-HOW, CONTINUITY & RELIABILITY MARKUS LESSER HARALD WILBERT Chief Executive Officer (CEO) Chief Financial Officer (CFO) » CEO since May 2016 (COO 2011 – 2016) » CFO since April 2024 » Industry experience since 2000 » >25 years of
Slide 8: Business Model Covering Three Segments
BUSINESS MODEL COVERING THREE SEGMENTS COMPLEMENTARY BUSINESS AREAS OFFER STABILITY AND GENERATE SYNERGIES Project Development Electricity Generation Services » Onshore and offshore wind » Erection and operation of » Technical and commercial energy internal strategic management – generation portfoli
Slide 9: Business Model Along the Entire Value Chain
BUSINESS MODEL ALONG THE ENTIRE VALUE CHAIN POTENTIAL FOR DIVERSE GROWTH Approx. 3 – 6 years > 20 years Development Financing Construction Sales*/ IPP Service » Site acquisition » Financial analysis » Grid connection » Utility companies » Technical and » Analysis (wind / sun) » Legal concept » Infra
Slide 10: Unique Track Record
UNIQUE TRACK RECORD SIGNIFICANT TRANSACTIONS IN RECENT YEARS VARIOUS PROJECT SALES INTERNATIONAL PROJECT SALES GODE Wind & INVESTORs ATLANTIS I » CEE PROJECTS » Chorus ØRSTED & VATTENFALL » France > 110 MW » Allianz » EnBW » Italy > 60 MW » Gode Wind ~924 MW » Enel » Poland ~233 MW » Atlantis I ~584
Slide 11: >19.1 GW Project Pipeline Offers Excellent Visibility
> 19.1 GW PROJECT PIPELINE OFFERS EXCELLENT VISIBILITY PIPELINE OF OFFSHORE WIND ENERGY PROJECTS FILLS UP WITH 2,500 MW Onshore wind Photovoltaic 11% 11% 24% 14% 29% 9% GER GER Σ FR+PL Σ FR+PL 9,177 MW Other Europe 7,424 MWp Other Europe South Africa South Africa North America North America Other 26
Slide 12: Offshore Wind: Entry into Development Abroad
OFFSHORE WIND ENTRY INTO DEVELOPMENT ABROAD Project development in Vietnam Project development in Latvia » Project area identified (total 2,000 MW in 3 phases) » Project area off the west coast of Latvia » Team established » Development in a 50/50 joint venture with Swedish partner (total 1,000 MW)
Slide 13: 02 – Market & Strategy
02 - MARKET & STRATEGY
Slide 14: The Current Market Environment Accelerates the Energy Transition
THE CURRENT MARKET ENVIRONMENT ACCELERATES THE ENERGY TRANSITION WE CAN BENEFIT FROM THIS Striving for independence from energy imports ESG trend People's desire for ecological and Accelerated electrification in Europe affordable energy Growing demand for clean energy solutions and Approval and grid
Slide 15: Strong Growth of the Renewable Energies Market
STRONG GROWTH OF THE RENEWABLE ENERGIES MARKET HIGH DEMAND LEADS TO ATTRACTIVE SALES PRICES » Worldwide electricity generation (GWh/yr) 2021 2050 0,2 Mio. 7,7 Mio. 60000000 1,8 Mio. 11,3 Mio. CAGR21-50 +13,3% 50000000 1,3 Mio. 21,1 Mio. CAGR21-50 40000000 +6,5% 30000000 CAGR21-50 +10,2% 20000000 100
Slide 16: New Technologies Open Up New Opportunities in the Market
NEW TECHNOLOGIES OPEN UP NEW OPPORTUNITIES IN THE MARKET FOCUS ON THE VALUE CHAIN AFTER ELECTRICITY GENERATION Battery storage E-Mobility Natural gas drive Solar PV Wind Electricity grid Elektrolysis Methanisation Gas grid Hydrogen drive Pump and compressed air storage Power-to-heat Households, trad
Slide 17: Further Development to Become a Clean Energy Solutions Provider
FURTHER DEVELOPMENT TO BECOME A CLEAN ENERGY SOLUTIONS PROVIDER EXPANSION OF THE BUSINESS TO FULLY BENEFIT FROM MARKET DEVELOPMENTS Power Generation, Wind, PV, Smart Energy Storage, Supply Power-to-X Management Established Engineering & Markets & Financing Emerging Solutions, Markets Repowering, O&M
Slide 18: Our Comprehensive Analysis of the Most Important Markets and Developments
OUR COMPREHENSIVE ANALYSIS OF THE MOST IMPORTANT MARKETS AND DEVELOPMENTS SHOWS: THE MARKETS ARE IN MOTION, CREATING CHALLENGES BUT ALSO OPPORTUNITIES. OUR RESPONSE TO MARKET DEVELOPMENTS:
Slide 19: Expansion and Extension of Our Successful Business Model
EXPANSION AND EXTENSION OF OUR SUCCESSFUL BUSINESS MODEL 1 Power generation: Massive expansion of the existing portfolio in the areas of wind onshore Targets: and PV » Exploit the market opportunities of the expansion of clean energies while 2 Project development: Expansion of minimising the risks (
Slide 20: We Want to Improve in All Areas: Targets 2027
WE WANT TO IMPROVE IN ALL AREAS Targets 2027 » EBITDA is expected to be >euro 150 million in 2027. The EBITDA of 2022 (euro EBITDA 35.4 million) and 2023 (guidance euro 30-40 million) should therefore more target >euro150 than multiply by 2027! » We want to expand the internally operated portfolio t
Slide 21: Our Operational Milestones
OUR OPERATIONAL MILESTONES 2022 2022 20232023 2024 2024 2025 2025 … 2027 » Securing financing » 500 MW/MWp » Building permit 1st » Additional market own generation for offshore wind 2027 » 1,500 MW/MWp - bond refinanced hybrid project internal portfolio in portfolio in wind/PV/possibly operation or
Slide 22: 1. Electricity Generation
1. ELECTRICITY GENERATION MASSIVE EXPANSION OF INTERNAL ELECTRICITY GENERATION PORTFOLIO Areas: Targets/ measures: » Electricity generation » Increase of the electricity generation portfolio up portfolio to 1,500 MW/MWp (1,000 MW wind energy / 500 » Currently, > 369 MW MWp PV) wind in Germany » Mark
Slide 23: II. Project Development I – Wind and PV
II. PROJECT DEVELOPMENT I - WIND AND PV PROJECT PIPELINE IS GROWING Areas: Targets / measures: » Wind energy » Massive increase in the greenfield and repowering » Onshore project pipeline » Offshore » Development of offshore wind energy projects » PV abroad (Vietnam and a further market) » Land avai
Slide 24: II. Project Development II – New Technologies
II. PROJECT DEVELOPMENT II – NEW TECHNOLOGIES PNE STRENGTHENS ITS COMMITMENT TO FUTURE TECHNOLOGIES Areas: Targets / measures: » Power-to-Liquid (e-fuels » Projects for power-to-liquid (e-fuels such as such as kerosene etc.) kerosene etc.) » Power-to-gas projects » Projects for power-to-gas - hydrog
Slide 25: 3. Services
3. SERVICES WE MANAGE THE ENTIRE LIFE CYCLE OF A PROJECT Areas: Targets / measures: » Services of all kinds for the » PNE aims to become one of the leading operational business such operational management companies in Europe as: Operational Management, Power » Services to be further expanded from 2,
Slide 26: 03 – Operative Developments
03 – OPERATIVE DEVELOPMENTS
Slide 27: Strong Pipeline Growth and High Construction Activity FY 2023
STRONG PIPELINE GROWTH AND HIGH CONSTRUCTION ACTIVITY FY 2023 » Project pipeline continues to reach record growth In total, our pipeline for wind and photovoltaic projects increased year-on-year to 19,101 MW/MWp (FY 2022: 11,883 MW/MWp). We therefore believe we are well EBITDA positioned for further
Slide 28: Continuous Increase in All Areas
CONTINUOUS INCREASE IN ALL AREAS VERY GOOD PROGRESS IN THE IMPLEMENTATION OF THE STRATEGY Output in MW/MWp Operations management in MW 1.200 3000 1.000 2500 Target 2023: 2.200 MW 800 2000 600 1500 Target 2023: 400 MW p.a. 400 1000 200 500 0 2017 2018 2019 2020 2021 2022 2023 Scale up – 2017 2018 201
Slide 29: PNE Is Ideally Positioned in the Market
PNE IS IDEALLY POSITIONED IN THE MARKET » As a Clean Energy Solutions Provider, we benefit from the global hunger for clean energy » Our integrated business model covers the entire value chain, opens up further growth and margin potential and is resilient » The expansion of the electricity generatio
Slide 30: 04 – Capital Market Information
04 – CAPITAL MARKET INFORMATION
Slide 31: As Safe and Sustainable as Our Energy: Our Share
AS SAFE AND SUSTAINABLE AS OUR ENERGY: OUR SHARE. 180% PNE AG Shares RENIXX SDAX TecDAX 160% 140% 120% 100% 80% 60% 40% 20% 0% January Januar 23 March März 23 May Mai 23 July Juli 23 September 23 November 23 31 Company presentation
Slide 32: Shareholder Structure of PNE AG
SHAREHOLDER STRUCTURE OF PNE AG Shareholder Share Morgan Stanley 44.20% Active Ownership Fund SCS 11.99% Samson Rock 5.24% ENKRAFT 4.96% Goldman Sachs Group 3.04%* Thereof 3.02 percent of the voting rights over instruments * On: 31.12.2023 according to published notifications relating to voting righ
Slide 33: PNE Bond
PNE BOND DEVELOPMENT SINCE 01.01.2023 Unternehmensanleihe Corporate bond 130 Anleihe 2022/2027 Corporate bond 2022/2027 120 110 100 90 80 70 Jan. 23 Mrz. 23 Mai. 23 Jul. 23 Sep. 23 Nov. 23 33 Company presentation
Slide 34: Contact
CONTACT ALEXANDER LENNEMANN CHRISTOPHER RODLER HEAD OF CORPORATE COMMUNICATIONS HEAD OF INVESTOR RELATIONS alexander.lennemann@pne-ag.com christopher.rodler@pne-ag.com +49 (0) 4721 718 - 453 +49 (0) 40 879 331 14 34 Company presentation www.pne-ag.com