Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — MID&SMALL 2024
34 slides from Altea Green Power's conference presentation, Dec 3, 2024
Slide 1: MID&SMALL 2024
MID&SMALL 2024 Milan, December 3rd, 2024
Slide 2: Speakers
Speakers Giovanni Di Pascale Salvatore Guarino Giancarlo Signorini CEO General Manager CFO alteagreenpower.com 2
Slide 3: Index
Index At a glance Market Updates 2024 Financial Pipeline & Backlog Business Plan 24-28 Update Appendix alteagreenpower.com 3
Slide 4: At a glance
At a glance COMPANY KEY FINANCIAL OVERVIEW KEY OPERATIONAL KPI FIGURES Leading player in project Strategic partnerships in the US TOTAL REVENUES development, in the BESS storage and Italy with companies such as CAGR +67% sector and in photovoltaics and Iberdrola, Enlight, Aer Soléir, RP 20.0 - 20.5
Slide 5: Our history
Our history Altea Green Power (AGP) Incorporation of Altea Green Power Altea Power, Altea Green AGP has unveils its BP24-28. involved in energy Power ends the and gas trading created a It also completes energy trading Starting Altea Energia business AGP pipeline of 2.5 the translisting EPC develops
Slide 6: How we operate
How we operate Altea Green Power: a solid partner for your investment Land Preliminary Connection Engineering & Authorization scouting agreement requests submitting procedure We carry out We proceed We take care We carry out We take care a preliminary with negotiation of the energy preliminary of th
Slide 7: Market
Site Green Power MARKET
Slide 8: The Italian Market: Solar and Wind Power
The Italian Market: Solar and Wind Power 51GW +152% SOLAR • Since 2009, 20 GW of solars have been installed. In the next 10 years these 19,8GW investments are expected to more than double (+152%), reaching a total +19 GW cumulative power of 51 GW. • With the development contracts currently in place
Slide 9: BESS Storage Market in Italy
BESS Storage Market in Italy Our strategy: BESS STORAGE MARKET TREND IN ITALY Growth in the «new» Bess Storage market with a short term target of 2/3 GWh Present status: Signed contracts for 1.6 GW Availability of suitable sites for 1.8 GW Connection (STMG) in the approval process for 1.8 GW Source:
Slide 10: BESS Storage Market in U.S.A.
BESS Storage Market in U.S.A. Our strategy: Joint Ventures with a local partner with an Market Scenario important track record in developing green energy projects Our target: 1.4 GW in the next 3 years The global battery energy storage market Present status: in U.S:A. is projected to grow from $10.8
Slide 11: Updates 2024
Site Green Power UPDATES 2024
Slide 12: Updates 2024
Updates 2024 15 JANUARY Approved new 2024-2028 Business Plan. 21 Co-development agreement for "BESS Storage" of 1.1 GW with a major North MARCH American investment fund. 20 During 2024 AGP has scheduled the permitting processes with application MAY through MASE for approximately 2 GW of projects. 30
Slide 13: Updates 2024
Updates 2024 Giovanni di Pascale has purchased 1,080,000 ordinary shares of Altea Green 1 AUGUST Power S.p.A., representing 6.24% of the share capital, from shareholder Cecilia Martucci. 20 AGP’s BoD appointed its endoconsiliar committees and made additional SEPT. resolutions aimed at aligning the C
Slide 14: Financials
Site Green Power FINANCIALS
Slide 15: Financial Highlights 9M 2024
Financial Hightlights 9M 2024 VALUE OF PRODUCTION EBITDA 20.0 – 20.5 M 11.0 – 11.5 M over +69% over +107% vs 11.8 M in 9M2023 vs 5.3 M in 9M2023 EBITDA MARGIN NFP about 55% 8.6 M debt vs 45% in 9M2023 vs 4.4M (debt) in FY2023 alteagreenpower.com 15
Slide 16: Financial Highlights 1H 2024
Financial Hightlights 1H 2024 TOTAL REVENUES EBITDA EBITDA MARGIN* 14.5 M 8.1 M 56% +45% +57% vs 52% in 1H2023 vs 10.0 M in 1H2023 vs 5.2 M in 1H2023 NET PROFIT NFP 5.3M 1.3 M debt +53% vs 4.4M (debt) in FY2023 vs 3.5M in 1H2023 * EBITDA MARGIN ADJUSTED at 60%, adjusted for extra costs accounted for
Slide 17: Pipeline & Backlog
Site Green Power PIPELINE & BACKLOG
Slide 18: AGP In Italy and worldwide
AGP In Italy and worldwide Expertise, professionalism, quality and a focus on local communities Altea Green Power is developing a pipeline of approximately 7 GW ITALY both independently 4.5 GW and on behalf of some of under development the world's leading players. 20 MW Additionally, to date it inst
Slide 19: Photovoltaic, agrivoltaic, hybrid plants in Italy
Photovoltaic, agrivoltaic, hybrid plants in Italy Innovative and highly customized renewable projects Altea Green Power develops, designs and To date, builds photovoltaic plants on different surfaces, under development as well as hybrid plants, creating synergy with storage systems. 610 MW PTV indus
Slide 20: BESS Storage Systems in Italy
BESS Storage Systems in Italy Pioneering the industry, in Italy, supporting the development of the electricity market Altea Green Power forerunner in the development of this technology, with one of the largest BESS projects in Italy, develops energy storage systems, leveraging its To date, extensive
Slide 21: Actual Backlog
Actual Backlog CUSTOMERS TYPE VALUE (€/000) Gross Net Aer Solèir BESS 49,500 41,744 RPC BESS 68,000 + premium* 61,180 RP Global PV 11,745 11,118 Iberdrola W/PV 12,053 9,965 A2A PV 5,051 5,026 Enlight PV 4,256 3,108 Other minor W/PV 1,530 1,530 152,135 + Co-Development Backlog 133,670 premium about €
Slide 22: IPP Portfolio
IPP* Portfolio PROJECTS SIZE (MW) AUTHORIZATION PROCESS Puglia 1 PV 18 EIA+AU Puglia 2 PV 12 EIA+AU Puglia 3 PV 15 EIA+AU Puglia 4 PV 20 EIA+AU Basilicata 1 PV 18 EIA+AU Lombardia 1 15 EIA+AU Lombardia 2 15 EIA+AU Basilicata 2 PV 52 EIAMase+AU Total 165 * Independent Power Producers alteagreenpower.
Slide 23: Business Plan 2024-2028 Update
BUSINESS PLAN 2024-2028 UPDATE
Slide 24: Business Strategy
Business Strategy Consolidation of AGP's position as a player in Ongoing US development* in both the sector of the development of Storage the Storage and Mixed Solar sectors, BESS projects in Italy with a market share and through new joint ventures in of no less than 10%. which AGP holds a majority
Slide 25: 2024-2028 Financial Targets Update
2024-2028 Financial Targets Update This update was required in light of the Company's recent adoption of IFRS • The economic targets presented in the update of the 2024-2028 Business Plan are in some cases substantially in line, in others slightly conservative compared to previous ones. • On the fin
Slide 26: Investment Highlights
Investment Highlights OPERATING EXPERIENCE AND PARTNERSHIP PROFITABILITY RELIABILITY 1 2 3 Strategic partnership in US and in Very high EBTIDA margin: Experience in identifying areas of Italy ≈ over 50%. development and reliability in the execution of work. SKILLS IN-DEPTH KNOWLEDGE KNOW-HOW 4 5 6 D
Slide 27: Appendix
Site Green Power APPENDIX
Slide 28: The Business areas
The Business areas CO- PV DEV. OWNED EPC STORAGE ITALY ITALY AND EE USA Storage Construction Engineering Development of Photovoltaic of Photovoltaic Procurement Storage projects Wind Systems Owned Construction in the USA in Italy and Energy Efficiency alteagreenpower.com 28
Slide 29: Expertise
Expertise Photovoltaics, wind power, storage, energy efficiency Altea Green Power OUR STAFF is an ever-growing 34 people company that consistently adapts, offering businesses, funds, and GRADUATES investors a successful combination: the 75% reliability and compliance of a top player, paired with the
Slide 30: Income Statement
Income Statement €/000 1H 2024 1H 2023 % Revenues 14,424 9,662 49% Other revenues 104 351 -70% Total Revenues 14,528 10,013 45% Purchases, services and other operating costs (4,718) (4,130) 14% Personnel Expenses (1,701) (717) 137% Operating costs (6,419) (4,847) 32% EBITDA 8,109 5,166 57% EBITDA ma
Slide 31: Balance Sheet
Balance Sheet €/000 30-giu-24 31-dic-23 Non-current assets Intangible assets 4 5 Tangible assets 969 1,016 Deferred tax assets 113 134 Other non-current assets 1,545 1,544 Total non-current assets 2,631 2,699 Current assets Current assets 40,669 32,400 Other current assets 2,512 2,613 Cash and cash
Slide 32: NFP
NFP €/000 1H2024 1H2023 Total Net Financial Debt stood at € 1.3 million A. Cash (4,173) (502) (cash negative) versus € 4.4 million (cash B. Cash equivalents and cash - - negative) at 31 December 2023. C. Other current financial assets - - D. Liquidity (A + B + C) (4,173) (502) It should be noted tha
Slide 33: Management team
Management team G. Di Pascale S. Guarino G. Signorini CEO General Manager CFO P. Galassi R. Malandrino E. Martoglio Head of Business Dev. Head of Legal and Head of Business Energy Efficiency Corporate Affairs Dev. Renewables alteagreenpower.com 33
Slide 34: Altea Green Power S.p.A.
Immagine che contiene simbolo, cerchio, giallo, Carattere Altea Green Power S.p.A. Descrizione generata automaticamente Sede operativa via Chivasso, 15/A - 10098 Rivoli (TO) - Italy Immagine che contiene simbolo Descrizione generata automaticamente Sede legale corso Re Umberto, 8 - 10121 Torino - It