Ellomay Capital Ltd · AMEX:ELLO
Ellomay Capital — Investor Presentation (November 2017)
21 slides from Ellomay Capital's investor presentation, Nov 1, 2017
Slide 1: Investor Presentation November 2017
Investor Presentation November 2017
Slide 2: General and Forward-Looking Statements
General: The information contained in this presentation is subject to, and must be read in conjunction with, all other publically available information, including our Annual Report on Form 20-F for the year ended December 31, 2016, and other filings that we make from time to time with the SEC. Any p
Slide 3: Forecasted Cash Flow from Projects 2018
Forecasted Cash Flow from Projects 2018November 1, 2017
Slide 4: Estimated 2018 CF Projection from Projects
Estimated 2018 CF Projection from Projects, (US$ in million) Based on the following FX rates: NIS/EUR – NIS/USD – 3.51; USD/EUR – 1.181* The CF presented in the table is presented on a per project basis and does not include corporate expenses and Series A and Series B debentures related expenses. 4
Slide 5: 2017 Vs. 2018 Cash Flow
2017 Vs. 2018 (US$ in million) Based on the following FX rates: NIS/EUR – NIS/USD – 3.51; USD/EUR – 1.181* The CF presented in the table is presented on a per project basis and does not include corporate expenses and Series A and Series B debentures related expenses. 5
Slide 6: Biogas Project in the Netherlands - Groen Gas Goor
November 2017 Biogas Project in the NetherlandsGroen Gas Goor
Slide 7: Production Chain of a Biogas Facility
Production Chain of a Biogas Facility The Goor Project also includes a CHP (combined heat and power) system for the manufacturing of electricity and heat 7
Slide 8: Construction of the project advancing as planned
The Goor Project The construction of the project is advancing as planned (completion expected during November 2017) * Upgrading Room * Upgrading Room * Inside a digester * Goor Site 8
Slide 9: General Details
The Goor Project – General Details Expected Annual Facility Output Manufacturing Hours – Approx. 8,000 hours (8,766 hours X efficiency rate of 91%)Gas Manufacturing Scope – 3 million M3 Electricity Manufacturing Scope – 5.6 million KWHHeat Manufacturing Scope – 10,800 GJ For internal use as part of
Slide 10: Main Agreements
Financing AgreementFeedstock AgreementOff-take Agreements – sale of gas, electricity and green certificates The Goor Project – Main Agreements 10
Slide 11: Financing Agreement
The Goor Project – Financing Agreement Principles of the Agreement: Financing Bank – Coöperatieve Rabobank U.A.Scope of Senior Debt – Euro 5.6 million for 12 years (A and B Facilities) LTC of approx. 60%Fixed annual interest for 5 years of 3% (Facility A) and 2.5% (Facility B – Green Loan)Equity / s
Slide 12: Feedstock Agreement
The Goor Project – Feedstock Agreement Principles of the Agreement: Supplier – Oude LenferinkSupplying all of the waste required in order to operate the facility“Gate Fee” price – payment from the supplier to the project for receiving the waste (as the facility provides the supplier with a waste dis
Slide 13: Off Take Agreements
The Goor Project – Off take Agreements Agreement for the sale of gas Agreement for the sale of electricity Agreement for the sale of green certificates from the production of “green” gas Market prices(SPOT) Agreement for the sale of green certificates from the production of “green” gas PriceUndertak
Slide 14: Regulation
The Goor Project - Regulation Subsidies granted to the Goor Project for 12 years for manufacturing “green” gas for manufacturing “green” electricityfor manufacturing “green” heat Gate Feesfor a “green” solutionto waste disposal SDE +Subsidies for Productionof Green Energy Gate fees were agreed on wi
Slide 15: The Involvement of the Company in the Project
The Involvement of the Company in the Project Details The Process The EPC / O&M Agreements Inspection of Facility Construction Approval of Payments to Contractor Commercial negotiation and drafting agreements in consultation with legal counsel and an international technical/engineering consultant On
Slide 16: Talasol Solar S.L.
talasel SOLAR S.L. ellomay CAPITAL LIMITED November 2017 ellomay. talasol
Slide 17: Acquisition of Talasol Solar
On April 2017 Ellomay entered, through one of the its subsidiaries, into a share purchase agreement (the "SPA") pursuant to which it purchased and acquired the entire share capital of a Spanish company, Talasol Solar S.L. ("Talasol"), that is promoting the development and construction of a photovolt
Slide 18: Agreements, Permits, Authorizations and Licenses - Status
Agreements, Permits, Authorizations and Licenses - Status Administrative Authorization Declaration of Public Utility Granted on June 2017 Expected to be executed before the end of 2017 Assignment Contract with REE(“contrato de encargo de proyecto”) Technical Access Contract with REE(“contrato técnic
Slide 19: Estimated Project's Key Milestones
Submission of RFP documents. Bids submission expected in the beginning of Q1 2018, and closing of the EPC contract expected by financial close.COD will be finally determined during Q2-Q3 2018, when the construction contract with REE is expected to signed. Estimated Project’s Key Milestones Financial
Slide 20: Project CAPEX, production and revenue expectations
Based on an initial study performed by Ellomay's technical advisors, the Project's CAPEX including development costs (approximately Euro 20 million) and interest (approximately Euro 7 million) is expected to be approximately Euro 200 million, depending on the terms of the EPC agreement that will be
Slide 21: Thank You
Thank You — ellomay.
Ellomay Capital — Investor Presentation (November 2017) on 6ix