Mpc Energy Solutions Nv · OSL:MPCES
Mpc Energy Solutions Nv — Q2 2021 Earnings Presentation
16 slides from Mpc Energy Solutions Nv's earnings presentation, Aug 31, 2021
Slide 1: Q2 2021 Webcast
Q2 2021 WEBCAST |→ 05 / 2019 |→ 31/08/2021 MPC ENERGY SOLUTIONS
Slide 2: Agenda
Q2 2021 WEBCAST |→ 2 AGENDA 1. PROJECT OVERVIEW AND OUTLOOK 4 2. MARKET 8 3. FINANCIAL REVIEW 11
Slide 3: Second quarter and post balance sheet date highlights
Q2 2021 WEBCAST |→ 3 SECOND QUARTER AND POST BALANCE SHEET DATE HIGHLIGHTS HIGHLIGHTS FUTURE IMPACT OF THESE PROJECTS + Projects Los Girasoles (Colombia) and Santa Rosa & Villa Sol (El Salvador) achieved ready-to-build (RTB) status; financial close expected to take place in September with 101 MW sub
Slide 4: Project overview and outlook
|→ 05 / 2019 MPC ENERGY SOLUTIONS │ Q2 2021 WEBCAST PROJECT OVERVIEW AND OUTLOOK
Slide 5: Significant portfolio and backlog of attractive projects under MPCES ownership
PROJECT OVERVIEW AND OUTLOOK |→ 5 SIGNIFICANT PORTFOLIO AND BACKLOG OF ATTRACTIVE PROJECTS UNDER MPCES OWNERSHIP CAPITAL DEPLOYED OR READY ~ 75% 10 - 18% FOR DEPLOYMENT EBITDA MARGIN INDICATIVE IRR** TOTAL TOTAL MPCES FIRST MPCES PROJECT COUNTRY SECTOR STAGE CAPACITY CAPEX EQUITY OFF-TAKE COD PAYBAC
Slide 6: Revenue projections
PROJECT OVERVIEW AN DOUTLOOK |→ 6 REVENUE PROJECTIONS REVENUE RAMP-UP FROM PORTFOLIO AND ADVANCED BACKLOG PROJECTS 45 40 40 35 ~ 75% Target EBITDA margin in 2023* 30 25 25 20 ~ US$ 40 m 15 Revenue generation in year 2023 10 from 177 MW portfolio 5 1 0 2021 2022 2023 * Indicative pro-forma figures (a
Slide 7: Capital to be deployed by end of 2021
PROJECT OVERVIEW AND OUTLOOK |→ 7 CAPITAL TO BE DEPLOYED BY END OF 2021 EQUITY COMMITTED AND ALLOCATED TO PORTFOLIO AND BACKLOG PROJECTS HIGHLIGHTS + After IPO, USD 75 million were available for investments into projects + USD 37 million already committed to portfolio projects + Further USD 38 milli
Slide 8: Market
|→ 05 / 2019 MPC ENERGY SOLUTIONS │ Q2 2021 WEBCAST MARKET
Slide 9: Current challenges – overall impact on project IRR after mitigation is 0.5 to 1.0 %-points
MARKET |→ 9 CURRENT CHALLENGES – OVERALL IMPACT ON PROJECT IRR AFTER MITIGATION IS 0.5 TO 1.0 %-POINTS + Travel restrictions across target region only lifted cautiously COVID PANDEMIC + Delays of approvals by local agencies, authorities, and governments/municipalities + Delay of request for proposal
Slide 10: Current opportunities
MARKET |→ 10 CURRENT OPPORTUNITIES + Local developers focus on core business activities and have strong appetite to divest to secure PROJECT OPPORTUNITIES liquidity + Limited interest from financial investors shifts projects towards strategic and industrial investors + Political commitment to energy
Slide 11: Financial review
|→ 05 / 2019 MPC ENERGY SOLUTIONS │ Q2 2021 WEBCAST FINANCIAL REVIEW
Slide 12: Cash deployment slightly behind schedule
PROJECT FINANCIAL REVIEW |→ 12 CASH DEPLOYMENT SLIGHTLY BEHIND SCHEDULE BALANCE SHEET (SUMMARY) COMMENTS Balance Sheet March 31 June 30 2021 in thousand USD 2021 + Total assets of USD 85 million Non-current assets 3,458 3,609 + Cash and cash equivalents (USD 81 Cash 82,717 81,046 million) still domi
Slide 13: Ramp-up of organization well underway
PROJECT FINANCIAL REVIEW |→ 13 RAMP-UP OF ORGANIZATION WELL UNDERWAY INCOME AND CASH-FLOW STATEMENT (SUMMARY) COMMENTS Income Statement Q1 Q2 in million USD 2021 2021 + No revenue generated during the first half of the year (no assets in operation) Revenue - - Operating expenses (354) (1,373) + Expe
Slide 14: Contact information
Q2 2021 WEBCAST |→ 14 CONTACT INFORMATION INVESTOR RELATIONS & PUBLIC RELATIONS Email: IR@mpc-energysolutions.com NORWEGIAN MEDIA CONTACT Jo Christian Lund-Steigedal Corporate Communications AS Phone: +47 415 08733 Email: jcs@corpcom.no www.mpc-energysolutions.com
Slide 15: Thank you
Q2 2021 WEBCAST |→ 05 / 2019 |→ 31/08/2021 THANK YOU
Slide 16: Disclaimer
MPC ENERGY SOLUTIONS │ Q2 2021 WEBCAST |→ 16 DISCLAIMER This presentation has been prepared by MPC Energy Solutions N.V. (the “Company”) and contains information about the Company’s activities as of the date of this presentation. The information in this presentation is provided in summary form only