La Francaise De L'energie Sa · EURONEXT:FDE
La Francaise De L'energie Sa — Shareholder Meeting (December 2024)
56 slides from La Francaise De L'energie Sa's shareholder meeting presentation, Dec 18, 2024
Slide 1: Local Energy – Positive Impact
Local Energy – Positive Impact Annual General Meeting (AGM/EGM) December 18th 2024
Slide 2: Agenda
AGENDA MANAGEMENT PRESENTATION Introduction and FY24 achievements – Julien Moulin, Chairman FY24 Results and Finance – Aurélie Tan, Chief Financial Officer Operations and FY30 Objectives – Antoine Forcinal, Chief Executing Officer Governance and Investors relations – Julien Moulin, Chairman AUDITOR’
Slide 3: A Complete Set of Sustainable Energy Solutions
A COMPLETE SET OF SUSTAINABLE ENERGY SOLUTIONS A LEADING PLATFORM FOR LOW-CARBON ENERGIES IN EUROPE Using low-carbon Carbon capture and fuels (biogas/RNG, PROVIDING VARIOUS utilization/storage abandoned mine methane, hydrogen) SOLUTIONS ELECTRICITY HEAT GAS HYDROGEN CO2 Code Reuters : FDEL. PA – Cod
Slide 4: A Diversified Production Base in Europe
A DIVERSIFIED PRODUCTION BASE IN EUROPE 22,5 MW ELECTRICITY installed cogenerations FRANCE, BELGIUM & BOSNIA + NORWAY UNDER DEVELOPPEMENT 60 MV installed PV NORWAY HEAT FRANCE 8 MW installed GAS (incl. RNG) c. 220 FRANCE GWH NORWAY UNDER DEVELOPEMENT gas annual BELGIUM production FRANCE HYDROGEN FRA
Slide 5: Our Key Contributions to the United Nations' SDG
OUR KEY CONTRIBUTIONS TO THE UNITED NATIONS’ SDG Thanks to the Béthune heating project, households benefit from green local energy while reducing their annual energy bill by €400 per household. Development of an innovative system to transform biogas and CO2 into RNG and Bio-CO2 FDE holds a family of
Slide 6: FY 2024 Highlights
FY 2024 HIGHLIGHTS Strategic acquisition in Norway Purchase of a controlling stake in Greenstat, a leading Norwegian energy player, strengthening our low carbon energy portfolio in hydrogen and solar projects Start of first RNG and Bio-CO2 project in Norway Initiation of engineering work, signature
Slide 7: Greenstat, Our Recent Strategic Acquisition
GREENSTAT, OUR RECENT STRATEGIC ACQUISITION IDENTIFIED SYNERGIES AND OVERVIEW OPPORTUNITIES • Norway-based green energy developer with a • Strengthening FDE’s position as an significant existing portfolio of Hydrogen, independent, multi-energy, low-carbon Solar and Wind projects producer, providing
Slide 8: FY 2024 Annual Results
FY 2024 ANNUAL RESULTS Code Reuters : LFDE. PA – Code Bloomberg : LFDE.FD
Slide 9: FY 2024 Confirming Sustainable Business Model
FY 2024 CONFIRMING SUSTAINABLE BUSINESS MODEL + 36% CAGR FY24 Electricity (69% of total revenues): since the IPO €21.9 M driven by increase in electricity € 39.2 M production volumes (+5%) despite the decline in average selling prices to €144/MWH (FY23: €176/MWH). € 34.2 M1 FY24 Gaz (23% of total re
Slide 10: Solid Financial Aggregates (1/2)
SOLID FINANCIAL AGGREGATES (1/2) EBITDA OPERATING NET INCOME INCOME (GROUP SHARE) EBITDA margin above FY30 targets €26.6 M €19.7 M €16.1 M €15.9 M 63% €12.0 M EBITDA 51% Margin Margin €9.7 M 31% Margin FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP
Slide 11: Solid Financial Aggregates (2/2)
SOLID FINANCIAL AGGREGATES (2/2) 1 Continuous cost control: COGS representing € thousand FY 2023 FY 2024 23% of the revenues (FY 23 included €1 M of Arenh (electricity) rights retroceded) REVENUES 39 227 31 446 Other operating income 1 048 1 339 2 In an inflationary environment, normative SG&A are s
Slide 12: Solid Financial Structure
SOLID FINANCIAL STRUCTURE ASSET EQUITY & LIABILITIES €200 M (+ €37 M) Exploration assets 41% (Lorraine): €39 M Equity €91 M Net Debt Proven mining rights (+ €17 M) to Equity (Gazonor & Gazonor Benelux): Non current €24 M assets €137 M Main investments Tangible assets: - CHPs: €5.2 M €9.2 M €50 M - R
Slide 13: Confirmed Financial Outlook
A MAJOR PLAYER CONFIRMED IN THE POSITIVE ECOLOGICAL FINANCIAL TRANSITION OUTLOOK VISIBILITY ON CASH FLOW PROFITABLE ACTIVITY FINANCIAL STRENGTH GENERATION ➢ Strong existing CHP portfolio ➢ Solid business model based ➢ Cash position of €47.6 M with future contribution of the on AMM RNG and H2 busines
Slide 14: Major Development Confirmed
MAJOR DEVELOPMENT CONFIRMED Code Reuters : LFDE. PA – Code Bloomberg : LFDE.FD
Slide 15: 2030 Growth Plan
2030 GROWTH PLAN Today 2030 CO2 eq emissions avoided > 3.5 Million tons* > 20 Million tons annually* 82.5 MW installed c. 300 MW capacity ELECTRICITY (22.5 MW CHPs + 60 MW Solar) (100.5 MW CHPs + 183 MW Solar) 1 (COGENERATION and SOLAR) 3 countries 5 countries 220 GWh installed 950 GWh GAS 2 (Includ
Slide 16: Electricity: Cogeneration Developments
ELECTRICITY: COGENERATION DEVELOPMENTS ONGOING DEVELOPMENTS 7 CHPs received and ready to be installed 4 CHPs already deployed at Angres and Rouvignies sites (France) “Arrêté préféctoral” recently granted for Rouvignies site Installation completed for the 2 CHPs in Angres site and expected shortly fo
Slide 17: Electricity: Cogeneration Pipeline
ELECTRICITY: COGENERATION PIPELINE PIPELINE UNTIL 2027 1 22,5 MW ANGRES HULLUCH Installed (15 CHPs) Capacity: 3MW (2CHPs) Capacity: 3MW (2CHPs) on 6 sites Expected COD: 2025 Expected COD: 2027 ROUVIGNIES ANZIN Capacity: 4,5MW (3CHPs) Capacity: 3MW (2CHPs) Expected COD: 2025 Expected COD: 2027 ESTEVE
Slide 18: Electricity: Solar Developments
ELECTRICITY: SOLAR DEVELOPMENTS ONGOING DEVELOPMENTS Bosnia: 45 MW solar farm in Petjnik, Bosnia, (operated by 49.5% owned Drin Energija) representing a total investment of €29 M: now integrated operationally Norway: 5 MW solar farm in Engene, Norway, Installed solar photovoltaic panels in Petjnik,
Slide 19: Electricity: Solar Pipeline
ELECTRICITY: SOLAR PIPELINE PIPELINE UNTIL 2027 60 MW* Installed FOLSCHVILLER CREHANGE on 2 sites Capacity: 7 MWc Capacity: 24 MWc Expected COD: 2026 Expected COD: 2027 PETJNIK ESS 2 AVION NORWAY Capacity: 22 MWc Capacity: 17 MWc Expected COD: 2025 Expected COD: 2027 GLAMSLAND ANDERLUES Capacity: 9
Slide 20: RNG Developments
RNG DEVELOPMENTS STAVANGER HALSA Stavanger site: 100 GWh/y RNG capacity, 14K Halsa site: 120 GWh/y, 14.2K tons of Bio-CO2 tons of Bio-CO2 and 155K tons of bio-fertilizers and 165K tons of bio-fertilizers Land and feedstock secured, detailed Land and feedstock secured engineering finalized Offtake: 3
Slide 21: RNG Pipeline
RNG PIPELINE PIPELINE UNTIL 2030 HALSA STAVANGER PROJECT #6N Capacity: 101 GWh/year Capacity: 60 GWh/year Expected COD: 2025 Expected COD: 2028 BERGEN PROJECT #7N LAERDAL 712 Capacity: 101 GWh/year Capacity: 100 GWh/year GWh Expected COD: 2026 Expected COD: 2029 of RNG on 9 sites BERGEN LAERDAL PROJ
Slide 22: Hydrogen Assets and Projects
HYDROGEN ASSETS AND PROJECTS GLOMFJORD Green H 2 in Norway 585 AGDER Phase 1 (100%) Capacity: 85 GWh GWh Expected COD: 2027 of H2 on 5 sites GLOMFJORD Phase 1 (33%) Capacity: 85 GWh Expected COD: 2027 TBD STORD AGDER Phase 2 Capacity: +170 GWh Expected COD: 2029 AGDER Low carbon H 2 in Lorraine BELG
Slide 23: Hydrogen Projects: Norway
HYDROGEN PROJECTS: NORWAY ONGOING DEVELOPMENTS Projected hydrogenONGOING DEVELOPMENTS AGDER : 60 MW electrolyser in 2 phases plant Phase 1: 20 MW electrolyser – 8 tons of compressed hydrogen to be produced per day. Primary focus is to serve the shipping industry with renewable fuels. Elkem Industria
Slide 24: Hydrogen Projects: Lorraine
HYDROGEN PROJECTS: LORRAINE ONGOING DEVELOPMENTS Significant discovery made in Folschviller Application for the « Trois Evêchés » permit ( > 2000 km2 ) ongoing NATURAL H2 Next steps: • Evaluation of full potential • Pilot well (4000m) and analysis : €6 M • Production test and certification of H2 res
Slide 25: Roadmap to Low Carbon Energy Production in Lorraine
ROADMAP TO LOW CARBON ENERGY PRODUCTION IN LORRAINE 2024 2025 2026 2027 Typical site: LACHAMBRE Low carbon energy Permitting * Construction Start-up Production Hydrogen PIPELINE OF PROJECTS: PHASE#1 LACHAMBRE TRITTELING PONTPIERRE Capacity: 125 GWh/y (eq to 38 GWh/y of H2) Capacity: 145 GWh/y (eq to
Slide 26: Our Cryo Pur Patented Solution for CO2
OUR CRYO PUR PATENTED SOLUTION FOR CO2 FLU GASES Industrial fumes CCS Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 26
Slide 27: Projects Under Development to Become a Leader in CCU
PROJECTS UNDER DEVELOPMENT TO BECOME A LEADER IN CCU Food grade CO2 produced from our RNG activities: o 45 tons/day CO2 food grade per site to be commercialized from year end 2025 onwards And new CO2 capture sites in preparation: o CO2 capture on cement plant o 1st demonstrator on Gazonor site: 10 t
Slide 28: FDE's 2030 Growth Plan
FDE’S 2030 GROWTH PLAN EMISSIONS CO 2 EQ Avoided annually EBITDA In €M ANNUAL REVENUES > 20 MT/y In €M > €85 M > €175 M Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 28
Slide 29: Governance
GOVERNANCE Code Reuters : LFDE. PA – Code Bloomberg : LFDE.FD
Slide 30: Ongoing Improvement on the Governance
ONGOING IMPROVEMENT ON THE GOVERNANCE Departure of Alain Liger after a 9 years-mandate as non- 1 Age executive board member Focus on bringing on board experienced women in energy with 2 Men-Women Parity relevant international experience 3 Independence Focus on non-executive independent Board members
Slide 31: FDE and Investors Relations
FDE AND INVESTORS RELATIONS Code Reuters : LFDE. PA – Code Bloomberg : LFDE.FD
Slide 32: Continuous Engagement with Our Shareholders
CONTINUOUS ENGAGEMENT WITH OUR SHAREHOLDERS 8 conferences in France, Belgium and Norway 1 Investors conferences Over 125 institutional investors met Over 200 retail investors met 2 Site visits 8 site visits from investors and shareholders 24 press releases so far in 2024 3 Newsflow 2 shareholder let
Slide 33: FDE Listing
FDE LISTING KEY CORPORATE INFORMATION SELL SIDE COVERAGE (as of December 17th, 2024) ✓ BUY Target Price: €45 Listing Euronext Paris November 2024 Analyst: marie-therese.gruebner@ha-ib.de Share price €20.3/ share 5,2 M ✓ BUY Shares outstanding €107 M Target Price: €70 Market capitalisation October 20
Slide 34: Agenda
AGENDA A MAJOR PLAYER IN THE ECOLOGICAL TRANSITION MANAGEMENT PRESENTATION Introduction and FY24 achievements – Julien Moulin, Chairman FY24 Results and Finance – Aurélie Tan, Chief Financial Officer Operations and FY30 Objectives – Antoine Forcinal, Chief Executing Officer Governance and Investors
Slide 35: Rapport des commissaires aux comptes sur les comptes annuels
RAPPORT DES COMMISSAIRES AUX COMPTES SUR LES COMPTES ANNUELS Opinion En exécution de la mission qui nous a été confiée par l'assemblée générale, nous avons effectué l’audit des comptes annuels de la société LA FRANCAISE DE L’ENERGIE relatifs à l’exercice clos le 30 juin 2024, tels qu’ils sont joints
Slide 36: Rapport des commissaires aux comptes sur les comptes annuels
RAPPORT DES COMMISSAIRES AUX COMPTES SUR LES COMPTES ANNUELS Description du risque Procédures d’audit mises en œuvre en réponse à ce risque Évaluation des actifs d’exploration Nos travaux ont consisté à examiner les indicateurs de perte de valeur des actifs d’exploration comptabilisés à l’actif du b
Slide 37: Rapport des commissaires aux comptes sur les comptes annuels
RAPPORT DES COMMISSAIRES A MAJOR PLAYER AUX COMPTES IN THE ECOLOGICAL SUR LES COMPTES ANNUELS TRANSITION Description du risque Procédures d’audit mises en œuvre en réponse à ce risque Évaluation des titres de participation et créances envers les Pour apprécier le caractère raisonnable de la valorisa
Slide 38: Rapport des commissaires aux comptes sur les comptes annuels
RAPPORT DES COMMISSAIRES AUX COMPTES SUR LES COMPTES ANNUELS Vérifications spécifiques (1/2) Nous avons également procédé, conformément aux normes d’exercice professionnel applicables en France, aux vérifications spécifiques prévues par les textes légaux et réglementaires. Informations données dans
Slide 39: Rapport des commissaires aux comptes sur les comptes annuels
RAPPORT DES COMMISSAIRES AUX COMPTES SUR LES COMPTES ANNUELS Vérifications spécifiques (2/2) Autres informations En application de la loi, nous nous sommes assurés que les diverses informations relatives aux prises de participation et de contrôle et à l’identité des détenteurs du capital ou des droi
Slide 40: Rapport des commissaires aux comptes sur les comptes consolidés
RAPPORT DES COMMISSAIRES AUX COMPTES SUR LES COMPTES CONSOLIDÉS Opinion En exécution de la mission qui nous a été confiée par l'assemblée générale, nous avons effectué l’audit des comptes consolidés de la société LA FRANCAISE DE L’ENERGIE relatifs à l’exercice clos le 30 juin 2024, tels qu’ils sont
Slide 41: Rapport des commissaires aux comptes sur les comptes consolidés
RAPPORT DES COMMISSAIRES A MAJOR PLAYER AUX COMPTES IN THE ECOLOGICAL SUR LES COMPTES CONSOLIDÉS TRANSITION Description du risque Procédures d’audit mises en œuvre en réponse à ce risque Évaluation des actifs d’exploration Nos travaux ont consisté à examiner les indicateurs de perte de valeur des ac
Slide 42: Rapport des commissaires aux comptes sur les comptes consolidés
RAPPORT DES COMMISSAIRES A MAJOR PLAYER AUX COMPTES IN THE ECOLOGICAL SUR LES COMPTES CONSOLIDÉS TRANSITION Description du risque Procédures d’audit mises en œuvre en réponse à ce risque Évaluation des droits miniers Nos travaux ont consisté à examiner les indicateurs de perte de valeur des droits m
Slide 43: Rapport des commissaires aux comptes sur les comptes consolidés
RAPPORT DES COMMISSAIRES A MAJOR PLAYER AUX COMPTES IN THE ECOLOGICAL SUR LES COMPTES CONSOLIDÉS TRANSITION Description du risque Procédures d’audit mises en œuvre en réponse à ce risque Évaluation des écarts d’acquisition Pour apprécier le caractère raisonnable de la valorisation des écarts d’acqui
Slide 44: Rapport des commissaires aux comptes sur les comptes consolidés
RAPPORT DES COMMISSAIRES A MAJOR PLAYER AUX COMPTES IN THE ECOLOGICAL SUR LES COMPTES CONSOLIDÉS TRANSITION Vérifications spécifiques Nous avons également procédé, conformément aux normes d'exercice professionnel applicables en France, aux vérifications spécifiques prévues par les textes légaux et r
Slide 45: Rapport des commissaires aux comptes sur les conventions réglementées
A MAJORDES RAPPORT PLAYER IN THE ECOLOGICAL COMMISSAIRES TRANSITION AUX COMPTES SUR LES CONVENTIONS RÉGLEMENTÉES En notre qualité de commissaires aux comptes de votre société, nous vous présentons notre rapport sur les conventions réglementées. Il nous appartient de vous communiquer, sur la base des
Slide 46: Rapport des commissaires aux comptes sur les conventions réglementées
A MAJORDES RAPPORT PLAYER IN THE ECOLOGICAL COMMISSAIRES TRANSITION AUX COMPTES SUR LES CONVENTIONS RÉGLEMENTÉES CONVENTIONS SOUMISES À L’APPROBATION DE L’ASSEMBLÉE GENERALE Conventions autorisées et conclues au cours de l’exercice écoulé Nous vous informons qu’il ne nous a été donné avis d’aucune n
Slide 47: Rapport des commissaires aux comptes sur les conventions réglementées
A MAJORDES RAPPORT PLAYER IN THE ECOLOGICAL COMMISSAIRES TRANSITION AUX COMPTES SUR LES CONVENTIONS RÉGLEMENTÉES - Les prestations de recherche d’opérations de croissance CONVENTIONS DÉJÀ APPROUVÉES PAR L’ASSEMBLÉE externe et de financements, le prestataire s’engageant GÉNERALE notamment à mettre au
Slide 48: Rapport des commissaires aux comptes sur les conventions réglementées
A MAJORDES RAPPORT PLAYER IN THE ECOLOGICAL COMMISSAIRES TRANSITION AUX COMPTES SUR LES CONVENTIONS RÉGLEMENTÉES Cette convention a été effective du 1er juillet 2023 au 30 juin 2024. Le montant comptabilisé en charges par LFDE International au titre de cet avenant pour l’exercice écoulé s’élève à 24
Slide 49: Agenda
AGENDA A MAJOR PLAYER IN THE ECOLOGICAL TRANSITION MANAGEMENT PRESENTATION Introduction and FY24 achievements – Julien Moulin, Chairman FY24 Results and Finance – Aurélie Tan, Chief Financial Officer Operations and FY30 Objectives – Antoine Forcinal, Chief Executing Officer Governance and Investors
Slide 50: Ordinary Agenda
A MAJOR PLAYER ORDINARY AGENDAIN THE ECOLOGICAL TRANSITION 1. Approval of the company accounts for the financial year ending June 30th, 2024; 2. Approval of the consolidated accounts for the financial year ending June 30th, 2024; 3. Allocation of the result for the financial year ending June 30th, 2
Slide 51: Extraordinary Agenda (1/2)
A MAJOR PLAYER AGENDA EXTRAORDINARY IN THE ECOLOGICAL (1/2) TRANSITION 13. Authorization to be granted to the Board of Directors to reduce the share capital by cancelling treasury shares; 14. Delegation of authority to the Board of Directors to decide to increase the share capital, by issuing – with
Slide 52: Extraordinary Agenda (2/2)
A MAJOR PLAYER AGENDA EXTRAORDINARY IN THE ECOLOGICAL (2/2) TRANSITION 18. Delegation of authority to be granted the Board of Directors for increasing the amount of issues carried out with maintenance or cancellation of the shareholder’s preferential subscription right, pursuant to the fourteenth, f
Slide 53: Agenda
AGENDA MANAGEMENT PRESENTATION Introduction and FY24 achievements – Julien Moulin, Chairman FY24 Results and Finance – Aurélie Tan, Chief Financial Officer Operations and FY30 Objectives – Antoine Forcinal, Chief Executing Officer Governance and Investors relations – Julien Moulin, Chairman AUDITOR’
Slide 54: Agenda
AGENDA A MAJOR PLAYER IN THE ECOLOGICAL TRANSITION MANAGEMENT PRESENTATION Introduction and FY24 achievements – Julien Moulin, Chairman FY24 Results and Finance – Aurélie Tan, Chief Financial Officer Operations and FY30 Objectives – Antoine Forcinal, Chief Executing Officer Governance and Investors
Slide 55: Next Announcements
NEXT ANNOUNCEMENTS ➢ January 22nd 2025 – H1 FY25 Revenues ➢ March 25th 2025 – Publication of H1 FY25 Results ➢ April 24th 2025 – Q3 FY25 Revenues Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 55
Slide 56: FDE
FDE Code Reuters : FDEL. PA – Code Bloomberg : FDE.FD Tel : +33 (0)3 87 04 32 11 ir@francaisedelenergie.fr www.francaisedelenergie.fr
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