Slide 1: Webcast Q1 2019 Presentation
Webcast Q1 2019 Presentation May 13, 2019
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or purchase any securities of PNE AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. This pre
Slide 3: Operational Highlights Q1 2019
Current Business Development Operational Highlights Q1 2019 Successes in the onshore wind business – nationally and internationally • Projects completed: Gerdau-Repowering (21.6 MW), Laxaskogen (25.2 MW), Laperrière (19.2 MW) • 44.4 MW of project rights sold in Italy • 27.2 MW of projects under cons
Slide 4: Financial Highlights Q1 2019
Current Business Development Financial Highlights Q1 2019 Best Q1 result since 2010 • EBITDA at € 6.9m (Q1 2018: € 2.1m), EBIT at € 4.3m (Q1 2018: € -0.2m) • Earnings driven by strong operating performance • Earnings accrued in the „Wind farm portfolio 2020“ – which have not been realised yet – amou
Slide 5: Wind Onshore
Current Business Development Wind Onshore Land I-II III IV Total MW • Germany – Good activity despite delays in permitting process Germany 1,402 208 27 1,637 • Project Gerdau-Repowering (21.6 MW) completed Bulgaria 121 0 0 121 • Kittlitz (21 MW) under construction France 373 149 0 522 • Schlenzer (6
Slide 6: Scale Up Milestones
Strategy Scale Up Milestones 2023 • Finalisation of … SCALE UP • Add further new 2020 products/services • Product range • Sale of 200MW of different Hybrid 2019 portfolio share Power Plants is in place • Completion and • Development of sale of 1st • Start the build-up 2018 project pipeline in develo
Slide 7: Wind Farm Portfolio 2020 – Development according to plan
Strategy Wind Farm Portfolio 2020 – Development according to plan • Portfolio currently consists of 71.3 MW of projects which are in operation or under construction • Kührstedt-Alfstedt (43.2 MW, Lower Saxony) entered operations in Q4 2017 • Gerdau-Repowering (21.6 MW, Lower Saxony) in operation sin
Slide 8: Income Statement Q1 2019 (Q1 2018)
Financials Income Statement Q1 2019 (Q1 2018) In € m Q1 2019 Q1 2018 • Best Q1 result since 2010 due to strong operating Sales 28.0 10.9 performance Work in progress 15.1 4.2 • Operating performance and earnings driven by: Other income 1.4 0.6 • Milestone payments for projects which were sold end To
Slide 9: Segment results Q1 2019
Financials Segment results Q1 2019 Total output* EBITDA* EBIT* 50 45 12 12 40 Project 10 10 Development 35 in Euro million 30 8 8 in Euro million in Euro million 25 Services 6 6 20 15 4 4 10 Electricity 2 2 Generation 5 0 0 0 Q1 2018 Q1 2019 Q1 2018 Q1 2019 Q1 2018 Q1 2019 * excl. consolidation PNE
Slide 10: Balance Sheet Q1 2019 (IFRS)
Financials Balance Sheet Q1 2019 (IFRS) • Property, Plant and • Equity at € 218.2m Equipment at € 118.3m 495.8 (452.6) 495.8 (452.6) • Equity ratio solid at 44% (48% • Transformer stations as of 31 December 2018) € 13.4m 65.0 Intangible Assets (65.1) • Book value of € 2.85 per share • Land and build
Slide 11: Outlook – Promising start to the year
Outlook Outlook – Promising start to the year Onshore wind power • Sale of project Jasna (132MW) - Poland and sale project rights of Burleigh (298MW) – USA in Q2/2019 • Promising outlook due to well-filled project pipeline in Germany and France with a total of 357 MW in Phase III • Continue build-up
Slide 12: Contact
PNE AG Contact Rainer Heinsohn Head of Communication Tel: +49 (0) 4721 – 718 - 453 Fax: +49 (0) 4721 – 718 - 373 E-mail: rainer.heinsohn@pne-ag.com Christopher Rodler Head of Investor Relations Tel: +49 (0) 40 879 331 14 Fax: +49 (0) 4721 – 718 - 373 E-mail: christopher.rodler@pne-ag.com Harnessing
Slide 13: Webcast Q1 2019 Q&A
Webcast Q1 2019 Q&A MayPNE 13,AG 2019 II Webcast Presentation II May 2019 13