Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — FY2024 Earnings Presentation
19 slides from Altea Green Power's earnings presentation, Feb 21, 2025
Slide 1: FY2024 Financial results
FY2024 Financial results February 21st, 2025
Slide 2: Speakers
Speakers Giovanni Di Pascale Salvatore Guarino Giancarlo Signorini CEO General Manager CFO alteagreenpower.com 2
Slide 3: At a glance
At a glance COMPANY KEY FINANCIAL OVERVIEW KEY OPERATIONAL KPI FIGURES Leading player, listed on Euronext STAR Strategic partnerships in the US and TOTAL REVENUES Milan, in project co-development, in the CAGR +79% Italy with companies such as Iberdrola, BESS storage sector and in 35.4 Enlight, Aer S
Slide 4: 2024 Update
Saitea Green Power 2024 UPDATE
Slide 5: FY 2024 – Business update
FY 2024 – Business update CO-DEVELOPMENT AGREEMENT FOR "BESS STORAGE“ • Total capacity topping 1.1 GW • Sale's value exceeds € 68 M, with an additional success fee of up to € 15 M BESS PROJECT IN PIEDMONT AUTHORISED BY MASE • BESS storage plant project with a capacity of 250 MW • Authorization proce
Slide 6: Total Pipeline AGP in Italy and worldwide
AGP In Italy and worldwide Total Pipeline Expertise, professionalism, quality and a focus on local communities Altea Green Power is developing a pipeline ITALY of approximately 7 GW both independently 5.5 GW and on behalf of some of approx. under the world's leading development players. 20 MW Additi
Slide 7: Pipeline: photovoltaic, agrivoltaic, hybrid plants in Italy
Pipeline: 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
Slide 8: Pipeline: BESS Storage Systems in Italy
Pipeline: 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 extensiv
Slide 9: Actual Backlog
Actual Backlog VALUE (€/000) TYPE Gross Net BESS 117,9 + premium* 91,8 PV/WIND 32,6 7,5 EPC 1,6 0,2 Co-Development Backlog 152,2 + premium* 99,4 about € 100 million yet to be collected • Gross value represents the total signed contract • Net value represents the value to be still collect as of Decem
Slide 10: Financials
Saitea Green Power FINANCIALS
Slide 11: FY 2024 – Results highlights
FY 2024 – Results highlights Total EXTRAORDINARY FINANCIAL RESULTS WITH revenues EBITDA SIGNIFICANT INCREASES VS FY 2023 € 35.4 M € 21.9 M +118% +200% • Revenues (+118%) mainly due to the co-development contract for the 9 BESS Storage plants in Italy and the progress of the authorisation processes f
Slide 12: EBITDA Bridge
EBITDA Bridge +118% EBITDA 62% EBITDA Margin € 21.9M vs € 7.3M in FY2023 45% in FY2023 alteagreenpower.com 12
Slide 13: NFP Bridge
NFP Bridge €/mln alteagreenpower.com 13
Slide 14: 2025 Guidance and 2028 Financial Targets
2025 Guidance and 2028 Financial Targets EXTRAORDINARY FY24 EXCEED THE CHALLENGERS 2024 GUIDANCE • 2025 guidance in line with AGP growth strategies • 2028 targets of the 2024-2028 Business Plan confirmed Guidance 2024 FY 2024 Guidance 2025 Targets 2028 Revenues € 31-34 M € 35.4 M € 46-51.5 M € 60-73
Slide 15: Annex
Saitea Green Power ANNEX
Slide 16: FY 2024 Income Statement
FY 2024 Income Statement Revenues €/000 • At €35.4M, +118% vs FY23 due to co- FY 2024 FY 2023 % development contract for the 9 BESS Storage Revenues 34,913 15,476 126% and to the progress of the authorisation Other revenues 461 787 -41% processes for the storage projects. Total Revenues 35,374 16,26
Slide 17: FY 2024 Balance Sheet
FY 2024 Balance Sheet €/000 31-dic-24 31-dic-23 Non-current assets Intangible assets 180 5 Tangible assets 739 1,016 Deferred tax assets 93 134 Other non-current assets 1,544 1,544 Total non-current assets 2,556 2,699 SHAREHOLDERS’ EQUITY • At €34.9M vs €17.4M in FY23 mainly due to Current assets th
Slide 18: FY 2024 Net Financial Position
FY 2024 Net Financial Position €/000 FY 2024 FY 2023 A. Cash (1,870) (502) NET FINANCIAL POSITION B. Cash equivalents and cash - - • At €7.4M vs €4.4M in FY23. The variation C. Other current financial assets - - is mainly related to the strong investments D. Liquidity (A + B + C) (1,870) (502) incur
Slide 19: Altea Green Power S.p.A.
Altea Green Power S.p.A. Immagine che contiene simbolo, cerchio, giallo, Carattere 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