Lemon Sistemi S.p.a. · MIL:LS
Lemon Sistemi — Next Gems 2024
25 slides from Lemon Sistemi's conference presentation, Oct 23, 2024
Slide 1: Next Gems
NEXT GEMS NEXT GEMS October 23rd, 2024 Sciacca (AG) - 312 kWp SunPower photovoltaic system
Slide 2: Key Speakers
KEY SPEAKERS Maria Laura Spagnolo Danilo Palazzolo Chairman of BoD and co-CEO and CFO co-CEO 2
Slide 3: Overview
OVERVIEW Cinisi (PA) – 616 kWp SunPower 3 photovoltaic system
Slide 4: Highlights
HIGHLIGHTS TAILOR-MADE RENEWABLE PLANT POSITIONING IN A STRATEGIC MARKET Design, supply and installation of photovoltaic, thermo- High potential market with many operators and high growth hydraulic and storage systems, as well as the design of possibilities solutions for energy efficiency, targeting
Slide 5: Business Areas
BUSINESS AREAS PHOTOVOLTAIC AND CO-DEVELOPMENT AND 1. PHOTOVOLTAIC 2. AGRIVOLTAIC SYSTEMS 3. DEVELOPMENT OF BESS 4. ENERGY EFFICIENCY (PHOTOVOLTAIC PARKS) ▪ Core business; ▪ Design and construction of the ▪ Participation activities started in plant with the aim of selling it; ▪ Design of energy effi
Slide 6: 2024 Updates
2024 UPDATES 16 Signed a contract with the Biscottificio Forti company for the construction of a new section of the photovoltaic system, in expansion APRIL of the first bringing it from 30 kWp to 61.2 kWp, and an increase in the photovoltaic storage system from 72 kWh to 106 kWh. 29 Signed two agree
Slide 7: Financials 1H 2024
FINANCIALS 1H 2024 Cinisi (PA) – 616 kWp SunPower 7 photovoltaic system
Slide 8: Value of Production
VALUE OF PRODUCTION VALUE OF PRODUCTION EVOLUTION (€/M) VoP BREAKDOWN 5% 2% 16.0 24% +84.5%** 11.9 29% 1H 2023 1H 2024 64% 4.7 4.4 76% 1H 2023 1H 2024 FY 2021* FY 2022 FY 2023 1H 2024 Photovoltaic Superbonus Energy efficiency BESS Photovoltaic Parks ▪ The Value of Production recorded at decrease due
Slide 9: EBITDA
EBITDA EBITDA (€/M) 4.0 2.8 ▪ The reduction in EBITDA is attributable to the increase of personnel costs mainly due to he strategic strengthening of internal resources thanks to the training and updating of 1.5 designers, essential for the production of photovoltaic parks and for the needs of the la
Slide 10: Net Financial Debt
NET FINANCIAL DEBT ▪ As of June 30, 2024, the construction of Lemon Park Consolidated data in €/000 1 has been completed and 92% of the park's 30/06/2024 31/12/2023 construction costs have been incurred within the six- month period, but the collection is subject to the Cash & equivalents (2,358) (2,
Slide 11: Strategy
STRATEGY Cinisi (PA) – 616 kWp SunPower 11 photovoltaic system
Slide 12: Future Strategy
FUTURE STRATEGY COMMERCIAL DEVELOPMENT OF DEVELOPMENT INCREASE IN THE DEVELOPMENT MEDIUM-SIZED PV AND OF STORAGE AVERAGE SIZE OF PV PLAN AGRIVOLTAIC SYSTEMS PLANTS (BESS) SYSTEMS (1MWp - 10MWp) 12
Slide 13: Commercial Development Plan
COMMERCIAL DEVELOPMENT PLAN ▪ The objective of the group is to implement a penetration strategy throughout the Italian TARGET CITY territory, on the one hand through the hiring of commercial agents and on the other through ▪ Small geographically strategic the opening of physical spaces (offices/shop
Slide 14: Development of Medium-Sized PV and Agrivoltaic Systems
DEVELOPMENT OF MEDIUM-SIZED PV AND AGRIVOLTAIC SYSTEMS ▪ Direct development of medium-sized photovoltaic and agrivoltaic systems with the aim of selling the system after construction, acquiring multi-year management and maintenance contracts with a minimum period of no less than 25 years. OBJECTIVES
Slide 15: Development of BESS
DEVELOPMENT OF BESS ▪ The strategy involves participation in commissioned projects relating to large storage plants with leading operators in the sector. OBJECTIVES Have design contracts lasting 12/24 months with milestone invoicing Co-Develop and then sell projects for one-off revenue CONTRACT SIGN
Slide 16: Increase in the Average Size of PV Systems (1MWp - 10MWp)
INCREASE IN THE AVERAGE SIZE OF PV SYSTEMS (1MWp - 10MWp) ▪ A further objective of the group is to increase the incidence of revenues linked to larger photovoltaic system projects: in particular, the group intends to continue to increase the incidence of revenues linked to the design, supply and ins
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS Short time to market Tailor-made renewable plant (3kWp-10MW) Integrated Service Management expertise Market growth and reference legislation Partnerships with major market names (Sunpower, Solaredge, etc.)
Slide 18: Appendix
18 APPENDIX Cinisi (PA) – 616 kWp SunPower photovoltaic system
Slide 19: History
HISTORY HISTORY ▪ 3.2 MWp plant in Piedmont ▪ Construction of a 1 MWp ground- Enrico Rizzo (Head of Administration Engineers Maria Laura Spagnolo and mounted plant has started and a further In December listed on Euronext and Accounting), Antonino Palazzolo Vincenzo Palazzolo found Lemon connection a
Slide 20: Governance and Shareholder Structure
GOVERNANCE AND SHAREHOLDER STRUCTURE BOARD OF DIRECTORS SHAREHO LDER STRUCTURE Maria Laura Spagnolo Chairman and co-CEO 13,8% Danilo Palazzolo Salvatore Bommarito PDH S.r.l.* co-CEO & CFO Board member 2,7% 2,7% Maria Laura Spagnolo 3,9% Salvatore Spagnolo 48,2% GWM Group Andrea Maralla Guido Pianaro
Slide 21: ESG
ESG ENVIRONMENTAL SOCIAL GOVERNANCE ▪ The installation of a photovoltaic ▪ The number of female figures ▪ Composition of the Board of system is foreseen within the present in the company is 18, Directors: 5 directors of which 2 renovation project of the future with important roles are independent he
Slide 22: Main Suppliers & Customers
MAIN SUPPLIERS & CUSTOMERS SUPPLIERS CUSTOMERS ▪ Commercial collaborations with the main suppliers on ▪ Lemon Sistemi proposes its design and technology offerings the national market; to both the residential and commercial markets. ▪ Premier Partner of Sunpower, a company universally ▪ Over the year
Slide 23: Income Statement
INCOME STATEMENT Consolidated data in €/000 Income Statement 30/06/2024 30/06/2023 % Revenues from sales 1,887 4,506 -58% Works in progress on ordination 2,175 1,897 15% Increases in fixed assets for internal works 0 0 n.a. Other income 295 33 803% Value of Production 4,356 6,437 -32% Costs of raw m
Slide 24: Balance Sheet
BALANCE SHEET Consolidated data in €/000 Balance Sheet 30/06/2024 31/12/2023 % Intangible fixed assets 978 1,029 -5% tangible fixed assets 259 247 5% Financial fixed assets 0 0 n.a Net fixed assets 1,238 1,276 -3% Inventories 5,486 3,519 56% Commercial credits 888 890 0% Commercial debts (1,005) (4,
Slide 25: Lemon Sistemi Contacts
Lemon Sistemi lemonsistemi.it investor.relations@lemosistemi.it CDR Communication Marika Martinciglio marika.martinciglio@cdr-communication.it Marta Alocci marta.alocci@cdr-communication.it