Solaria Energia Y Medio Ambiente, S.a. · BME:SLR
Solaria Energia Y Medio Ambiente — 9M 2024 Earnings Presentation
22 slides from Solaria Energia Y Medio Ambiente's earnings presentation, Nov 18, 2024
Slide 1: 20GW Pure European Infra Player – 9M 2024 Results Presentation
9M 2024 Results presentation NOVEMBER 18, 2024 20GW PURE EUROPEAN INFRA PLAYER 1
Slide 2: Key Highlights – Unlocking Value
KEY HIGHLIGHTS – UNLOCKING VALUE 1 DATA CENTRES ARE We offer a unique 1.7GW powerland solution for DCs A GAME CHANGER Our DC portfolio under negotiation covers our 1.4GW IPP portfolio under construction FOR SOLARIA DC joint ventures (JV) will generate recurring revenues for the long-term 2 We are en
Slide 3: We Offer a Unique 1.7GW Powerland Solution for DCs
1 WE OFFER A UNIQUE 1.7GW POWERLAND SOLUTION FOR DCs Data centres = Game changer Solaria DC added value proposition 1.7GW Portfolio overview Grid connection 24/7 through existing private infra POWER Behind the meter solution – Self consumption + LAND Power supply through PPA 800MW + Basque Country P
Slide 4: Our DC Negotiations Cover All Our 1.4GW UC Portfolio
1 OUR DC NEGOTIATIONS COVER ALL OUR 1.4GW UC PORTFOLIO Data centres = Game changer 500MW JV under negotiation 400MW JV under negotiation Tier 1 Telco JV Tier 1 Hyperscaler JV Powerland solution Powerland solution Cloud and/or AI Cloud and/or AI 4 Locations 2 Locations Plots identified/under negotiat
Slide 5: We Are Entering the UK
2 WE ARE ENTERING THE UK Multi technologies - Multi countries UK WILL BE A CLEAN ENERGY DATA CENTRES SUPERPOWER New Government One of the biggest hubs in the world Clear support for renewables to makeMACRO Britain a clean energy “Let me be clear MACRO Access to power is the main superpower RENEWABLE
Slide 6: 3GW Wind Target in Europe by 2030
2 3GW WIND TARGET IN EUROPE BY 2030 Multi technologies - Multi countries Est. WIND installed capacity (MW) 3,050 Multi countries 750 Onshore Wind 500 hybridization 300 Connection Infra already done 1,500 Hybrid PPA >Better price Iberia Italy Germany UK TOTAL
Slide 7: We Are a Pure European Infra Player
2 WE ARE A PURE EUROPEAN INFRA PLAYER Multi technologies - Multi countries NEW PROJECT PORTFOLIO (MW) Spain Portugal Italy Germany UK RoW Total In operation by the end of 2025 2,930 63.3 16.7 23.1 3,033 Of which already in operation 1,555.0 63.3 16.7 23.1 1,658.1 Under development 3,200 450 2,727 5,
Slide 8: Our LandCo Generia Will Speed Up Its Growth in 2025
2 OUR LANDCO GENERIA WILL SPEED UP ITS GROWTH IN 2025 Multi technologies - Multi countries THE COMPANY THE TRANSACTION - Focused on the acquisition, holding and lease of land plots to install and operate Specialized land and infrastructure investor renewable energy projects and related in the renewa
Slide 9: Capex and Prices Improving
3 CAPEX AND PRICES IMPROVING 9M 2024 RESULTS PV module price evolution (€/W) 0.20 0.13 Capex improvement 0.093 0.091 0.075 0.07 Capex falling from €375,000 to €360,000/MW feb-23 sep-23 dic-23 may-24 sep-24 Today Strong price recovery 2. According to OMIP data available on 11-16-24. https://www.omip.
Slide 10: We Are Doubling the Company's Installed Capacity
3 WE ARE DOUBLING THE COMPANY’S INSTALLED CAPACITY 9M 2024 RESULTS Installed capacity +83% evolution +1,375MW 3,033MW +760MW +560MW GAROÑA 710MW JUNO 2 50MW 1,658MW +55MW TUCANA 45MW CENTAURUS JUNO 1 50MW 55MW SCORPIUS 85MW VOLANS 1&2 100MW AQUARII 130MW PERALVECHE 150MW Today Q2 2025E Q3 2025E Q4 2
Slide 11: 2GW PPA Portfolio
3 2GW PPA PORTFOLIO 9M 2024 RESULTS 0.6GW + 1.4GW Utilities – Oil & Gas players DATA CENTRE consumption Higher As part of the powerland solution 3 PPAs under negotiation Behind the meter – Self ≈€20/MWh Solar profile consumption Est. saving for the DC PPA price Solar profile Regulated grid tolls 10Y
Slide 12: Strong Production Partially Offsets Weak Spot Price
3 STRONG PRODUCTION PARTIALLY OFFSETS WEAK SPOT PRICE 9M 2024 RESULTS 9M 2024 9M 2023 % chg. Production +15% Production (GWh) 2,120 1,845 +15% Energy production increased from 1,845GWh to 2,120 GWh in the first nine months of the year, in line with the commissioning of new installations. Sales (€mn)
Slide 13: Resilient Results
3 RESILIENT RESULTS 9M 2024 RESULTS 9M 2024 (€mn) 9M 2023 (€mn) % chg. Total revenues Total revenues 157.4 172.4 -9% Total revenues stood at €157.4m decreasing 9% in EBITDA 131.6 153.6 -14% line with sales. Net profit 57.1 86.4 -34% EBITDA impacted by Spanish 7% generation tax EBITDA impacted by hig
Slide 14: Highest Operating Cash Flow Generation
3 HIGHEST OPERATING CASH FLOW GENERATION 9M 2024 RESULTS OPERATING CF INVESTING CF FINANCING CF YTD Cash performance (€mn) 148.650 (184.457) 47.314 €149mn OPERATING CF €184mn INVESTMENT Issue of bonds Payment of Net Issue of Cash Net finance Working Cash EBITDA CapEx & project bonds & project promis
Slide 15: We Reiterate Our EBITDA Targets
3 WE REITERATE OUR EBITDA TARGETS 9M 2024 RESULTS 245-255 +20% 205-215 +5% 200 New assets will be connected during 2025 147 DC division will add new revenues 93 49 Price recovery is already a reality 2020A 2021A 2022A 2023A 2024E 2025E Est. EBITDA evolution (€mn) 15
Slide 16: Appendix
Solaria Appendix
Slide 17: Operating Data
Operating data 9M-2024 9M 2024 9M 2023 % chg. Capacity (MW) 1,658.0 1,658.0 - Spain 1,554.9 1,554.9 - Portugal and Greece 63.6 63.6 - Uruguay 22.8 22.8 - Italy 16.7 16.7 - Energy Sales (€mn) 104.1 133.6 -22% Spain 89.0 117.4 -24% Portugal and Greece 2.3 6.2 -63% Uruguay 2.1 2.4 -13% Italy 10.6 8.1 +
Slide 18: Income Statement
Income Statement 9M-2024 €mn 9M-24 9M-23 Relative change (%) Net sales 135.097 146.926 -8 Other income and earnings 22.269 25.501 -13 Total revenues 157.366 172.427 -9 Personnel expenses (13.627) (12.549) 9 Operating expenses (12.119) (6.274) 93 EBITDA 131.620 153.604 -14 Amortisation (31.334) (24.3
Slide 19: Balance Sheet – Assets
Balance Sheet 9M-2024 Assets €mn 9M-24 FY-23 Relative change (%) Non-current assets 1.686.576 1.510.585 12 Intangible assets 152.604 110.507 38 Tangible fixed assets 1.429.327 1.276.203 12 Other non-currents financial assets (derivatives) 59.627 71.752 -17 Deferred tax assets 45.018 52.123 -14 Curre
Slide 20: Balance Sheet – Liabilities
Balance Sheet 9M-2024 Liabilities €mn 9M-24 FY-23 Relative change (%) Equity 582.451 524.118 11 Capital and share premium 310.926 310.926 - Other reserves 5.311 5.311 - Non-controlling interest 3.950 1.200 229 Retained earnings 218.895 161.801 35 Value adjustments 43.369 44.880 -3 Non-current liabil
Slide 21: Disclaimer
Disclaimer This document has been prepared by SOLARIA ENERGÍA Y MEDIO AMBIENTE, S.A. (“Solaria”) for information purposes only and it is not a regulated information or information that has been subject to prior registration or review by the Spanish Securities Market Commission. By attending a meetin
Slide 22: Thank you.
Thank you. 22
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