Econergy Ltd · TASE:ECNR
Econergy — Econergy Renewable Energy — Q3 2021 Earnings Presentation
23 slides from Econergy's earnings presentation, November 2021
Slide 1: Econergy Renewable Energy Capital Markets Presentation
Econergy Renewable Energy Capital Markets Presentation and Preparation Of Bond issue November 2021
Slide 2: Disclaimer
This presentation is intended to introduce Econergy Renewable Energy Ltd. (“the Company”) and is intended for provision of information only. This presentation is not a public offering of Company securities or a suggestion to invest in the Company and it shall not be construed to be a solicitation to
Slide 3: Profile and Recent Developments
Profile and Recent Developments Among one of the leading veteran Long-term collaboration with companies in the renewable energy strategic partners sector in Europe. Proven experience Significant local footprint in 5 and strong reputation in the European countries – Italy, UK, development, constructi
Slide 4: Milestones
Milestones Total investment made and led by the controlling stakeholders together with their partners in Israel and worldwide in the past decade has totaled approximately 450 million Euros Portfolio acquisition and Among the first developers to refinancing of projects with more Portfolio sale, appro
Slide 5: Strategic Partnerships
Strategic Partnerships The infrastructure fund UBS ASSET MANAGEMENT, a body which manages 928 B Euros, invests exclusively in Italy in Econergy projects. Details of expected Company revenues from the UBS and UBS has committed to approximately 100 M Euros for the first stage of Rgreen Invest agreemen
Slide 6: Executive Team
Executive Team Eyal Podhoretzer Yoav Shapira Wolf Dietrich Chairman & CEO Director and Deputy CEO Director of Development, UK and Europe Has been managing the Company Substantial experience in the Former senior executive in from its establishment. Over 12 years renewable energy market with over 12 S
Slide 7: Econergy – Local Management in 5 markets
Econergy – Local Management in 5 markets Econergy runs full-scale operations in every one of its markets: A team that deals with project development, which includes: Development managers, electrical engineers and business development personnel/land agreement closure A team for project management and
Slide 8: Advantages of the Local Business
Advantages of the Local Business Econergy’s professional LOCAL business in each market gives it a clear competitive edge: Significantly lower project Better access to high-quality High probability of success for completing the development costs projects – business development project development and
Slide 9: Supportive Regulation in all business regions
Supportive Regulation in all business regions Percentage of renewable energy generation out of total electricity generation (2020) National goal for 2030 National goal for 2050 Italy 37% 55% - UK 28% 38% 70% Spain 44% 70% 100% Romania 15% 31% - Poland 15% 32% - 9
Slide 10: Projects Under Development – Geographic Spread and Stage of Development
Projects Under Development – Geographic Spread and Stage of Development * Numbers in MW 894MW 215 569MW 1,970MW 267 Total 5,256MW 770MW 442 storage 412 127 1,271 UK Poland 2,354MW 35 projects 23 projects 1,361MW 14 462MW 1,740MW 336 412 363 1,009 1,162MW 50 Romania 17 projects Spain Projects in thei
Slide 11: Total Projects Under Development – Progress
Total Projects Under Development – Progress 770 MW Storage 5,256MW 4,582MW 2,354MW 1,965MW 15% growth (approximately 674 MW) in the Company’s pipeline of projects under development during the last Quarter 1,740MW 1,938MW 71% growth (approximately 483 MW) in the total projects approaching constructio
Slide 12: Projects Approaching Construction
Projects Approaching Construction(1) (Numbers in Thousands of Euro) Installed power Company Expected Country Project name MWp share Capex(3) Expected income (3)(4) EBITDA(3)(4) Expected COD date (1) Italy Pipeline of 52 Projects 290.9 5% 183,265 31,926 26,703 Q2-Q4/22 Ratesti 155.0 50% 98,000 14,770
Slide 13: Projects Approaching Construction
Projects Approaching Construction(1) (Numbers in Thousands of Euro) Installed power Company Expected Country Project name MWp share Capex(3) Expected income (3)(4) EBITDA(3)(4) Expected COD date (1) Park Farm 60.0 100% 39,600 3,945 3,009 Q4/22 Hamer Warren 24.0 100% 15,840 1,578 1,204 Q4/22 Leighton
Slide 14: Projects Connection Forecast and Investments Based on the Existing Pipeline
Projects Connection Forecast and Investments Based on the Existing Pipeline Connection forecast until 2024 in MW (in 100% terms)* 3,236MW 1,117 Total connection forecast until 2024 in MW**: 2,119MW Italy UK Romania Spain Poland Total Total connection forecast 1,089 630 1,036 210 272 3,236 1,120 Comp
Slide 15: UK – Pioneering Energy Storage in Europe
UK – Pioneering Energy Storage in Europe Between 2021 and 2050, polluting sources are expected to shrink Total installed capacity Total change by 56% while there is an expected growth of 250% in renewable 2021-2050 GW energy sources and 550% growth in the flexible energy sources (consisting primaril
Slide 16: Storage in the UK – The Business Model
Storage in the UK – The Business Model Income model from storage in the UK market is based primarily on two types of income: Wholesale market - Price optimization – an electricity trading platform enabling charging the batteries during trough hours and discharging them during peak hours. Daily price
Slide 17: Econergy Enters the Storage Market in the UK as a Dominant Player
Econergy Enters the Storage Market in the UK as a Dominant Player Econergy has an existing storage project Pipeline under development in the UK of approx. 770 MW Econergy is developing storage projects in two configurations: Project distribution by development status and project type:* As Co-Locatio
Slide 18: 50 MW Storage Project in England
50 MW Storage Project in England Location: Yorkshire The project is construction-ready, licensed and approved for connection to the grid 25-year land lease agreement + a 10-year extension option Technical redesign process (updating to advanced technologies) during Q4-2021 Expected connection to the
Slide 19: Forecast Cash Flow – Company Share
Forecast Cash Flow – Company Share (Euro millions) Revenues EBITDA FFO 231.8 7.7 189.1 121.5 178 147.8 11.2 98.2 8.0 119.5 102.4 71.4 7 224.1 10.0 156. 146.7 2 44.3 60.9 74.1 54.9 58.1 109. 6.9 0 9.2 7.2 6.8 44.9 38.4 57.5 0.2 20 8.7 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 From p
Slide 20: Econergy – Financial Strength
Econergy – Financial Strength UBS agreement – revenues of approximately 50 million euros at a high level of certainty over the coming 3 years. Furthermore, there is a high level of dispersal, with more than 50 projects in Italy under the same agreement.* Diversified cash flows from revenues – the sa
Slide 21: Econergy – a Leading European Platform – Advantages, Differentiators and Goals
Econergy – a Leading European Platform – Advantages, Differentiators and Goals Company Advantages Strategy and Goals* Project Pipeline Local player Human capital The business in the A team of 45 senior Forecast of 3.2 GW connected projects countries is carried out by Very large existing project exec
Slide 22: Appendix – Consolidated Balance Sheets
Appendix- Consolidated Balance Sheets For the period of For the period of For the period of nine months ended nine months ended twelve months ended September 30,2021 September 30,2020 December 31,2020 (Unaudited) (Unaudited) (Audited) Current assets 46,079 3,448 2,519 Non Current assets 16,482 5,267
Slide 23: Contact details
Eyal Podhorzer Yoav Shapira Mor Dagan Chairman & CEO Director and Deputy CEO Investor Relations eyal@econergytech.com yoav@econergytech.com mor@daganir.com 23
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