Slide 1: Q4 2024 Results Conference
Q4 2024 Results Conference Georg Hotar, CEO David Forth, CFO Photon Energy N.V. 20 February 2025
Slide 2: Disclaimer
Q4 2024 Results Presentation 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 Compa
Slide 3: Business Results, Financial Results, Guidance, Q&As
Business Results Financial Results Guidance Q&As Lord Howe Island, Australia (1.3 MWp / 3.7 MWh)
Slide 4: Business Results
Business Results Financial Results Guidance Q&As Slavkov, Czech Republic (1.2 MWp)
Slide 5: Segment: Investments / Electricity Generation
Q4 2024 Results Presentation Segment: Investments / Electricity Generation IPP portfolio declining by 11.3 MWp in Q4 2024 as a net results of: ► Q4 2024 electricity generation of 23.4 GWh (-6.6% YoY); decline due to the sale of Australian assets, which previously offset lower ► Sale of 14.5 MWp of o
Slide 6: Segment: Investments / Electricity Prices
Q4 2024 Results Presentation Segment: Investments / Electricity Prices ► Average realised electricity prices declined from 173 EUR/MWh in Q3 ► 15.0 MWp in the Czech Republic has been switched to Green bonus but 2024 to 136 EUR / MWh in Q4 2024 (-21.4% QoQ) due to negative New Energy has purchased th
Slide 7: Other Business Segments
Q4 2024 Results Presentation Other Business Segments Engineering Revenues (EUR 000s) New Energy Revenues (EUR 000s) 7,000 12,000 6,000 10,000 5,000 8,000 4,000 6,000 3,000 5,733 10,323 5,512 9,486 4,546 4,000 2,000 6,245 6,477 5,512 1,000 2,406 2,000 1,496 0 0 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Slide 8: Other Business Segments
Q4 2024 Results Presentation Other Business Segments O&M Revenues (EUR 000s) PV Technology Revenues (EUR 000s) 1,500 6,000 5,000 1,000 4,000 3,000 1,279 5,232 500 1,063 1,027 1,019 2,000 786 1,000 2,223 2,200 1,628 553 0 0 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 20
Slide 9: External Revenue Mix and Profitability
Q4 2024 Results Presentation External Revenue Mix and Profitability Revenue mix FY 2023 Revenue mix FY 2024 External EBITDA (MEUR) and EBITDA margin in FY 2024 20.0 82.7% 100.0% O&M Other Engineering 5% 2% O&M Other 80.0% 13% 5% 2% Engineering 15.0 Investment 19% 60.0% 18% Investment 25% 10.0 40.0%
Slide 10: Financial Results
Business Results Financial Results Guidance Q&As Siria, Romania (5.7 MWp)
Slide 11: Financial Results
Q4 2024 Results Presentation Financial Results In thousand EUR Q4 2024 Q4 2023 YoY change FY 2024 FY 2023 YoY change Total revenues 25,088 11,194 124.1% 89,229 70,649 26.3% of which from electricity generation 3,373 2,743 23.0% 24,705 21,407 15.4% other revenues 21,714 8,450 157.0% 64,525 49,242 31.
Slide 12: Balance Sheet
Q4 2024 Results Presentation Balance Sheet Assets Total assets EUR Total assets EUR 300,000 EUR +9.3% 277.4 M -3.1% 268.7 M 275,000 253.8 M 13.0 M 14.4 M ► Fixed assets amounted to EUR 215.480 million compared to EUR 225.003 250,000 21.4 M 39.4 M 38.8 M 225,000 million at the end of 2023. This reduc
Slide 13: Cash Flow
Q4 2024 Results Presentation Cash Flow In thousand EUR Q4 2024 Q4 2023 ► Operating cash flow of EUR 6.429 million in Q4 2024 thanks to positive developments of working capital. Operating cash flow 6,429 5,651 ► Investment cash flow of EUR 5.202 million in Q4 2024, primarily driven Investment cash fl
Slide 14: Guidance
Business Results Financial Results Guidance Q&As Sydney, Australia (100 kWp)
Slide 15: Photon Energy: Guidance 2024
Q4 2024 Results Presentation Photon Energy: Guidance 2024 ► Preliminary consolidated revenues are EUR 89.2 million, close to the lower end of In thousand EUR Results versus Guidance 2024 the guided range of EUR 90-100 million. 100,000 94,223 90,000 Total revenues 90,000 +26% ► Preliminary consolidat
Slide 16: Q&A
Q&A
Slide 17: Thank you for joining us today!
Thank you for joining us today!
Slide 18: O&M Contracts
Q4 2024 Results Presentation O&M Contracts Capacity under O&M contracts, by country (MWp) O&M contracts, geographical split O&M, per status in MWp 1,200 1200 Other Czech Rep 4% 11% Slovakia 1000 1,000 159 2% 348.3 51 Australia & New Zealand 800 51 51 2% 800 Poland 600 37% Romania 51 51 8% 400 747.9
Slide 19: About Us
Q4 2024 Results Presentation About Us We are dedicated to ensuring that everyone has access to clean energy and water. Photon Energy Group Founded in Headquartered in 330+ Active in Shares traded Sustainability 2008 Amsterdam Employees 10+ countries in PL, CZ and DE Rating* Energy Business Lines Wat
Slide 20: Expansion of Photon Energy's Business Model
Q4 2024 Results Presentation Expansion of Photon Energy’s Business Model Photon Energy’s Solar Business Services Lerta’s Grid and Customer Services Project Energy Development Technology O&M Off-take Energy Supply Solutions Engineering Investments Trading & VPP Demand Response The fusion of physical
Slide 21: Business Model: Solar Services
Q4 2024 Results Presentation 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
Slide 22: Business Model: Water Services
Q4 2024 Results Presentation 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. Remediatio
Slide 23: GREEN EUR Bond 2021/27
Q4 2024 Results Presentation GREEN EUR Bond 2021/27 Bond GREEN EUR Bond 2021/2027 Volume EUR 79.4 million Coupon 6.50% p.a., quarterly payment Initial offering 23 November 2021 ► IMUG | rating – second party opinion, Ratings/Awards ► KFM Barometer 4 of 5 stars ► Best Issuer Green SME Bonds 2021 Segm