Solaria Energia Y Medio Ambiente, S.a. · BME:SLR
Solaria Energia Y Medio Ambiente — 9M 2023 Earnings Presentation
15 slides from Solaria Energia Y Medio Ambiente's earnings presentation, Nov 13, 2023
Slide 1: 9M 2023 Earnings presentation
9M 2023 Earnings presentation November 13, 2023
Slide 2: Key highlights – Strong growth
KEY HIGHLIGHTS – Strong growth Solaria continues to deliver high growth and profitability 1,658 172.4 CAPACITY TOTAL IN OPERATION 1,000 REVENUES 121.0 (MW) (€ million) +66% +43% 9M 2022 9M 2023 9M 2022 9M 2023 86.4 EBITDA 153.6 NET PROFIT (€ million) (€ million) 69.7 109.0 +41% +24% 9M 2022 9M 2023
Slide 3: Perfect environment for Solar PV: electricity prices improving
KEY HIGHLIGHTS - Perfect environment for Solar PV Medium and long-term electricity prices are still improving SEPTEMBER 28th TODAY CMD PRESENTATION Forward YR-24/33 40.80 €/MWh +2.57 EUR YR-24/33 43.37 €/MWh solar prices in YR-25 67 €/MWh +4.83 EUR YR-25 71.83 €/MWh Spain Solar PPAs 10Y Ongoing nego
Slide 4: Tier PV module price decreased another 15%
KEY HIGHLIGHTS - Perfect environment for Solar PV Tier 1 PV module price decreased another 15% TODAY €0.105/W-€0.115/W -15% We have secured 200MW at €0.11/W for 2024 projects This 15% decrease permits us to consolidate all-time record capex €0.375mn/MW
Slide 5: Outstanding operational performance
Outstanding operational performance 9M 2023 9M 2022 % chg. Production record Production (GWh) 1,845 1,143 +61% In line with the commissioning of new installations (+66% y/y), energy production Sales (€mn) 146.9 107.9 +36% increased from 1,143 GWh to 1,845GWh in the first nine months of the year. Sal
Slide 6: Strong set of results
Strong set of results Strict control of operating costs 9M 2023 (€mn) 9M 2022 (€mn) % chg. EBITDA stands at €153.6mn, up 41%, totally in Total revenues 172.4 121.0 +43% line with total revenues growth. EBITDA 153.6 109.0 +41% Net profit increased 24% to €86.4mn. Net profit 86.4 69.7 +24%
Slide 7: On track to reach our 2023 EBITDA target
On track to reach our 2023 EBITDA target EBITDA (€ million) 200.0 Q4 results 153.6 +64.3 89 +48.9 40.1 Q1 2023 H1 2023 9M 2023 Est. FY2023
Slide 8: Record of €261mn invested in the first nine months
Record of €261mn invested in the first nine months 9M Cash performance (€mn) OPERATING CF INVESTING CF FINANCING CF 56.194 (261.489) 136.842 FY2022 9M 2023 FINANCIAL DEBT1 €881.5mn €1,102.8mn NET FINANCIAL DEBT €730.8mn €1,020.0mn NFD to LAST 12M EBITDA 5.0x 5.3x Net finance Working Payments for Iss
Slide 9: Appendix
Solaria Appendix
Slide 10: Operating data
Operating data 9M-2023 9M 2023 9M 2022 % chg. Capacity (MWh) 1,658 1,000 +65.8% Spain 1,555 896.6 +73.4% Portugal 63.3 63.3 - Uruguay 22.7 22.7 - Italy and Greece 17.1 17.1 - Energy Sales (€mn) 133.6 104.5 +27.8% Spain 117.4 94.0 +25.2% Portugal 6.1 1.0 +510.0% Uruguay 2.4 2.2 +9.1% Italy and Greece
Slide 11: Income Statement
Income Statement 9M-2023 €mn 9M-23 9M-22 Relative change (%) Net sales 146.926 107.942 36 Other income and earnings 25.501 13.024 96 Total revenues 172.427 120.966 43 Personnel expenses (12.549) (8.023) 56 Operating expenses (6.274) (3.930) 60 EBITDA 153.605 109.013 41 Amortisation (24.303) (17.597)
Slide 12: Balance Sheet – Assets
Balance Sheet 9M-2023 Assets €mn 9M-23 FY-22 Relative change (%) Non-current assets 1.449.580 1.226.276 18 Intangible assets 108.650 103.970 5 Tangible fixed assets 1.210.743 973.557 24 Deferred tax assets 67.628 80.106 -16 Other non-currents financial assets (derivatives) 62.559 68.643 -9 Current a
Slide 13: Balance Sheet – Liabilities
Balance Sheet 9M-2023 Liabilities €mn 9M-23 FY22 Relative change (%) Equity 453.014 344.728 31 Capital and share premium 310.926 310.926 - Other reserves 5.311 5.311 - Non-controlling interest 1.440 1.440 - Retained earnings 140.615 54.209 159 Value adjustments (5.278) (27.157) -81 Non-current liabi
Slide 14: Disclaimer
Disclaimer This document has been prepared by SOLARIA ENERGÍA Y MEDIO AMBIENTE, S.A. (“Solaria”) for information purposes only and it is not a regulated information or information that has been subject to prior registration or review by the Spanish Securities Market Commission. By attending a meetin
Slide 15: Thank you.
| Phd Thank you. —
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