Mpc Energy Solutions Nv · OSL:MPCES
Mpc Energy Solutions Nv — Q1 2024 Earnings Presentation
21 slides from Mpc Energy Solutions Nv's earnings presentation, Apr 30, 2024
Slide 1: Making Clean Energy Happen! Q1 Results Webcast
30 April 2024 MAKING CLEAN ENERGY HAPPEN! Q1 Results Webcast
Slide 2: Disclaimer
DISCLAIMER MPC Energy Solutions This presentation has been prepared by MPC Energy Solutions N.V. (the “Company”) and is general background information about the Company’s activities at the date of this presentation. The information in this presentation is provided in summary form only and does not p
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS MPC Energy Solutions Certain information and statements shared in this document, including financial estimates and comments about our plans, expectations, beliefs, or business prospects, and other information and statements that are not historical in nature, may constitute
Slide 4: Agenda
AGENDA Q1 Results Webcast Our Business and Strategy Q1 2024 Review Outlook 2024 and Beyond Key Investment Highlights Q&A | | 4
Slide 5: Our Business and Strategy
MPC ENERGY SOLUTIONS Our Business and Strategy | | 5
Slide 6: Who We Are
WHO WE ARE Full-cycle independent power producer (IPP) with offices in the Netherlands (HQ), Colombia and Panama. Founded in mid-2020, listed on the Oslo Stock Exchange since January 2021 We invest in Latin America and the Caribbean We focus on the full project life cycle Development Construction Op
Slide 7: Why Central America and the Caribbean?
WHY CENTRAL AMERICA AND THE CARIBBEAN? Delivering affordable and clean energy Government-sanctioned Small and/or undiversified Dependence on fossil fuels High generation costs and energy transition goals renewable energy base energy prices compensate for risk | Q1 Results Webcast | 7
Slide 8: Our Current Portfolio
OUR CURRENT PORTFOLIO Successful track record: 5 operational projects, construction in Guatemala started (biggest project to -date) In operation Next Up Los Santos I Neol CHP Los Girasoles Santa Rosa Planeta Rica San Patricio + Mexico + Puerto Rico + Colombia + El Salvador + Colombia + Guatemala + S
Slide 9: What We Are Looking for in Projects
WHAT WE ARE LOOKING FOR IN PROJECTS Target Equity IRR Greenfield Co-Investment Case / Bankable 15% 25 to 75 MWp Farmdown Potential Off-Taker | Q1 Results Webcast | 9
Slide 10: Our Core Principles
OUR CORE PRINCIPLES Focus on “Greenfield Returns” Maintain Balance Be Lean Steady capacity build-up without between using scalability of business emphasize our local, compromising return requirements and selling down RTB projects highly flexible organization | Q1 Results Webcast | 10
Slide 11: Q1 2024 Review
MPC ENERGY SOLUTIONS Q1 2024 Review | | 11
Slide 12: Q1 2024: Record Quarter
Q1 2024: RECORD QUARTER Unaudited, proportionate values + Our portfolio of five projects is fully operational for Energy Output Project Revenue Project EBITDA and Margin the first time in 2024. (proportionate, GWh) (proportionate, thousand USD) (proportionate, thousand USD) + The months of May to Se
Slide 13: Q1 2024: We Do Our Homework on Costs
Q1 2024: WE DO OUR HOMEWORK ON COSTS Unaudited, consolidated values + The cost cutting measures implemented in late Personnel Costs and Other Overhead 2023 are bearing fruit. (in thousand USD) + We are streamlining our overall setup and headcount. In addition, we are phasing out or renegotiating thi
Slide 14: Q1 2024: Group EBITDA Positive for First Time
Q1 2024: GROUP EBITDA POSITIVE FOR FIRST TIME Unaudited, consolidated values consolidated, all values in thousand USD, negative values in “()” Q1 2024 Q1 2023 Delta + For the first time in our history, we are reporting a Revenue 2,532 1,674 +51% positive EBITDA on group level. Project OpEx (933) (97
Slide 15: Q1 2024: Other Financial Parameters
Q1 2024: OTHER FINANCIAL PARAMETERS Unaudited, consolidated values USD 124.4 million 56% USD 12.0 million USD 0.02 Total Assets Equity Ratio Free Cash EPS | Q1 Results Webcast | 15
Slide 16: Outlook 2024 and Beyond
MPC ENERGY SOLUTIONS Outlook 2024 and Beyond | | 16
Slide 17: Outlook 2024
OUTLOOK 2024 Proportionate values Energy Output Project Revenue Project EBITDA Ø Price per MWh (GWh) (million USD) (million USD) (power-producing assets only, USD) +44% 145 +32% 12.0 +93% 101 8.5 83 85 9.1 4.4 2023 2024 2023 2024 2023 2024 2023 2024 | Q1 Results Webcast | 17
Slide 18: Impact of San Patricio Is Transformational
IMPACT OF SAN PATRICIO IS TRANSFORMATIONAL Operational start targeted for mid-2025 2 x Capacity & + USD 8 million + USD 6.5 million Energy Output Annual Revenue EBITDA + No additional group overhead required & construction financed from available cash reserves | Q1 Results Webcast | 18
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS Exposure to energy transition/renewables in high growth region (Central America + and Caribbean) Full-cycle IPP with scalable business model, recognized across the region with + strong local presence Existing asset base with long-term predictable cash flows and high operation +
Slide 20: Q&A
MPC ENERGY SOLUTIONS Q&A | | 20
Slide 21: Contact Information
CONTACT INFORMATION MPC Energy Solutions N.V. Apollolaan 151, Unit 121 1077 AR Amsterdam The Netherlands Investor Relations & Public Relations Email: IR@mpc-energysolutions.com www.mpc-energysolutions.com | Q1 Results Webcast | 21