Photon Energy Nv · GPW:PEN
Photon Energy Nv — Q2 2022 Earnings Presentation
25 slides from Photon Energy Nv's earnings presentation, Aug 12, 2022
Slide 1: Q2 2022 & H1 Results
Q2 2022 & H1 Results with Georg Hotar, CEO and Clemens Wohlmuth, CFO Photon Energy N.V. 12 August 2022
Slide 2: Disclaimer
Q2 2022 and H1 Results Disclaimer This presentation is for information purposes only and may not be copied in whole or in part for any purpose, or forwarded to third parties or published. This presentation includes written material or slides for a presentation on Photon Energy N.V. (“the Company") a
Slide 3: Agenda
Business Model Strategy and Outlook Q2 & H1 2022 Financials Q&A Session
Slide 4: Business Model
Business Model Strategy and Outlook Q2 & H1 2022 Financials Q&A Session
Slide 5: About Us
Q2 2022 and H1 Results About Us We are dedicated to ensuring that everyone has access to clean energy and water Photon Energy Group Founded in Headquartered in 170+ Active in Shares traded 3 x BUY Sustainability 2008 Amsterdam Employees 10+ countries in PL, CZ and DE PT: PLN 14.58 -18.90 Rating* Sol
Slide 6: Business Model: Solar Services
Q2 2022 and H1 Results Business Model: Solar Services Our services cover the entire Project Development lifecycle of photovoltaic systems. We develop projects in-house and acquire them at all stages of development. Operations and Maintenance Engineering (EPC) We provide a full range of O&M We design
Slide 7: Business Model: Water Services
Q2 2022 and H1 Results Business Model: Water Services Our comprehensive services and Treatment solutions help to make clean water We deliver treatment solutions including potable and accessible to everyone. wastewater treatment, hazardous liquid waste and industrial water treatment. Remediation Well
Slide 8: Our Global Presence
Q2 2022 and H1 Results Our Global Presence Focus on Europe and Australia Project development ► Project pipeline with a combined capacity of 825 MWp ► Focus on Australia, Hungary, Poland and Romania Electricity production (91.9 MWp) ► 11 proprietary power plants in the Czech Republic (15.0 MWp), 11 i
Slide 9: Strategy and Outlook
Business Model Strategy and Outlook Q2 & H1 2022 Financials Q&A Session
Slide 10: Key Strategy Drivers
Q2 2022 and H1 Results Key Strategy Drivers Expansion of recurring revenue streams to increase Group value: I. Electricity generation: Develop pipeline of projects, in-house or through co- development, to expand our PV proprietary portfolio and increase stable revenues from clean electricity generat
Slide 11: The Future of Our Business is the Energy Market
Q2 2022 and H1 Results The Future of Our Business is the Energy Market Increasing energy prices in our key markets Comparison German Base Load Price EEX in EUR/MWh Electricity spot price / Electricity Forward price 520 Key Figures daily average 500 2023E EEX January 22 8 August 2022 480 460 440 EEX
Slide 12: Project Development
Q2 2022 and H1 Results Project Development Pipeline in development (in MWp) Pipeline development ► The typical development period of new PVPPs is 12–24 months and the 2. Early 3. Advanced 4. Ready-to- 5. Under Total in Country 1. Feasibility development development build technical construction MWp c
Slide 13: Innovative PV technology and energy storage system
Q2 2022 and H1 Results Innovative PV technology and energy storage system We have partnered with RayGen to develop projects using the About the technology Melbourne-based company’s innovative solar-plus-storage technology. ► RayGen has combined its proprietary solar technology, About the partnership
Slide 14: Photon Energy: Outlook for our Business
Q2 2022 and H1 Results Photon Energy: Outlook for our Business Our New Guidance for 2022 Our 2024E Targets and KPIs ► Revenues projected to reach EUR 85.0 million (from our ► Proprietary portfolio: at least 600 MWp previous guidance of up to EUR 65 million), representing a ► Additional projects in p
Slide 15: Q2 & H1 2022 Financials
Business Model Strategy and Outlook Q2 & H1 2022 Financials Q&A Session
Slide 16: Recent Highlights
Recent Highlights ► Switch of Czech portfolio to market-linked “Green Bonus” support scheme as of January and switch of 43.5 MWp of our Hungarian PV portfolio to merchant electricity sales as of April. ► Commissioning of a 1.4 MWp power plant in Tolna, Hungary, expanding the Company’s portfolio of p
Slide 17: Business Development in Q2/H1 2022
Q2 2022 and H1 Results Business Development in Q2/H1 2022 Proprietary portfolio, cumulated (MWp) Continued progress across all segments 100 90.5 MWp 90.5 MWp 91.9 MWp 90 ► 39.3 GWh of electricity (+21.2 YoY) generated by our 16.2 80 74.7 MWp +1.4 proprietary power plant portfolio in Q2 2022. 70 60 +
Slide 18: Q2 2022 and H1 2022 Financial Results
Q2 2022 and H1 Results Q2 2022 and H1 2022 Financial Results Income Statement In thousand EUR Q2 2021 Q2 2022 Change in % H1 2021 H1 2022 Change in % Total revenues 9,855 23,229 135.7% 14,425 32,367 124.4% of which from electricity generation 6,886 10,963 59.2% 9,828 15,913 61.9% EBITDA 3,898 8,119
Slide 19: Q2 2022 Financial Results: Balance Sheet
Q2 2022 and H1 Results Q2 2022 Financial Results Assets EUR Balance Sheet Total assets EUR 196.6 M Total assets +2.9% 202.3 M 200,000 +23.7% EUR 29.5 M 180,000 158.9 M 39.4 M ► Fixed assets affected by a weakening Hungarian Forint (HUF) 160,000 32.1 M impacting the EUR value of the Company’s Hungari
Slide 20: H1 2022 Financial Results: Cash Flow
Q2 2021 & H1 Results H1 2022 Financial Results Cash Flow Statement Cash flow profile in H1 2022 35,000 32.5 M 30,000 -6.7 M In thousand EUR H1 2021 H1 2022 25,000 Operating cash flow -4.3 M -1.0 M 20.5 M Operating cash flow -1,583 -6,696 20,000 Investment cash flow 15,000 Investment cash flow -7,670
Slide 21: Q&A Session
Business Model Strategy and Outlook Q2 & H1 2022 Financials Q&A Session
Slide 22: Annex
= Photon Energy Group Annex
Slide 23: Our Shares
Q2 2022 and H1 Results Our Shares Shares ISIN NL0010391108 Shareholding Structure Shares outstanding 56,291,742 Free-float shares 13,673,292 Solar Future 36.29% Market cap 08.08.2022 EUR 165,005 thousand Net debt 30.06.2022 EUR 103,015 thousand Free-float Enterprise value 08.08.2022 EUR 268,021 thou
Slide 24: GREEN Bond 2021/27
Q2 2022 and H1 Results GREEN Bond 2021/27 Bond EUR Bond 2017/2022 New GREEN EUR Bond 2021/2027 Volume EUR 21.0 million outstanding EUR 65 million Coupon 7.75% p.a., quarterly payment 6.50% p.a., quarterly payment Initial offering 27 October 2017 23 November 2021 ► IMUG | rating – second party opinio
Slide 25: Management
Q2 2022 and H1 Results Management Georg Hotar Michael Gartner CEO and Co-founder CTO and Co-founder Georg co-founded Photon Energy in 2008. He Michael developed one of the first large PV has extensive knowledge of the solar energy installations in the Czech Republic before industry and international