Alerion Clean Power S.p.a. · MIL:ARN
Alerion Clean Power — Investor Presentation (December 2022)
21 slides from Alerion Clean Power's investor presentation, Dec 31, 2022
Slide 1: Investor presentation
Investor presentation 31.12.2022
Slide 2: Disclaimer
2 Disclaimer THIS PRESENTATION AND ANY OTHER INFORMATION PROVIDED (THE “PRESENTATION”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION, WHICH HAS BEEN PREPARED BY ALERION CLEAN POWER S.P.A. (THE “COMPANY”), IS PRELIMINARY IN NATURE AND IS SUBJECT
Slide 3: Table of content
3 Table of content 01 – Executive summary p.4 02 – Key investment highlights p.10 03 – Business Plan Targets p.19
Slide 4: Executive summary
01 ........... Executive summary
Slide 5: Alerion at a glance
01. Executive summary Alerion at a glance 5 Background • Alerion is an industry leader in wind and solar with a high quality asset base and an important pipeline in Italy, Romania and Spain • Alerion is listed on the Milan Stock Exchange with a market cap of ~€1.7bn (as of December 31st 2022) • Aler
Slide 6: Alerion at a glance
01. Executive summary Alerion at a glance Leading Italian IPP and development renewable platform… 6 Leading Italian RES platform and Listed in the Milan stock Trophy RES one of the largest in Europe 893 MW gross installed capacity exchange with a market IPP and growth platform Strong in-house develo
Slide 7: Alerion at a glance
01. Executive summary Alerion at a glance …benefitting from a highly resilient yield portfolio with strong fundamentals and attractive geographical presence… 7 Geographical foodprint in the wind sector Operating plant by region Italy Plant Location Number of Gross capacity P50 net (GWh) Bulgaria Bul
Slide 8: FY 2022 Key Financial Figures & KPIs
01. Executive summary Alerion at a glance FY 2022 Key Financial Figures & KPIs 8 274 (M/€) REVENUES 97 (M/€) INVESTMENT 233 (M/€) EBITDA 386 (M/€) NFP 73 (M/€) NET RESULT 305 (M/€) EQUITY 35 (M/€) DIVIDENDS
Slide 9: Alerion at a glance
01. Executive summary Alerion at a glance … leveraging a significant track-record of growth since Fri-El’s acquisition in 2017, with current management transforming Alerion into a leading Italian IPP and development renewable platform… 9 Alerion’ share price evolution 40 35 Y 1994 2002-2008 2010-201
Slide 10: Key investment highlights
02 ........... Key investment highlights
Slide 11: Key investment highlights
02. Key investment highlights Key investment highlights Compelling opportunity to partner with one of the largest Italian IPP and development renewable platforms 11 1 Highly attractive and supportive market environment underpinned by clear renewables targets 2 Consolidated and stable regulatory fram
Slide 12: Highly attractive and supportive Italian market environment underpinned by clear renewables targets
02. Key investment highlights 1 Highly attractive and supportive italian market environment underpinned by clear renewables targets Room for consolidation as well as constructive and forward-looking regulation providing stability 12 1 Fragmented wind onshore market with room for consolidation.. 2 ..
Slide 13: High quality portfolio ensuring industry-leading operational performance
02. Key investment highlights 2 High quality portfolio ensuring industry-leading operational performance A leading Italian IPP RES platform leveraging highly attractive operating performance 13 1 Strategically positioned with leading market position in the wind sector… 2 …and superior quality equipm
Slide 14: Scalable and centralized industry-leading business model
02. Key investment highlights 3 Scalable and centralized industry-leading business model Successful balancing of cost optimisation with the insourcing of high value-added activities 14 1 • Highly effective internal O&M team overseeing the whole maintenance process to O&M and ensure optimisation of p
Slide 15: Compelling growth targets and future pipeline, backed by strong development track record
02. Key investment highlights 4 Compelling growth targets and future pipeline, backed by strong development track record …on the back of strong in-house development and M&A track-record as well as long-lasting 15 relationship with energy regulators Corporate facts Dismissal of Disposed some Disposed
Slide 16: Experienced and long-standing Management team
02. Key investment highlights 5 Experienced and long-standing Management team Highly esteemed management team in the renewables space with proven track record in delivering long-term and sustainable growth to shareholders 16 1 Key management team 2 Key achievements since Fri-El acquisition in 2017 8
Slide 17: Highly attractive and supportive market environment underpinned by clear renewables targets
02. Key investment highlights 6 Highly attractive and supportive market environment un- derpinned by clear renewables targets Clean energy targets and continued technological improvement paving the way for growth 17 1 Clearly defined and ambitious EU targets… 3 …coupled with increasing technological
Slide 18: Consolidated and stable regulatory framework
02. Key investment highlights 7 Consolidated and stable regulatory framework Constructive and forward-looking wind regulation in Italy providing stability and security for investors 18 1 Highly visible flow from incentive schemes… 2 …underpinned by a supportive regulatory environment overtime… • ~6
Slide 19: Business Plan Targets
03 ........... Business Plan Targets
Slide 20: 2028 Business Plan Targets
03. Business Plan Targets 7 2028 Business Plan Targets 20 2028 Installed Capacity (GW) 3 EBITDA (M/€) 400 NFP (M/€) 1,200 Investment (B/€) 2.3 • Growth is ensured by a project pipeline of about 7GW, the result of the massive strengthening of development activities in recent years spreading across th
Slide 21: Alerion Clean Power
ALERIONCLEANPOWER
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