La Francaise De L'energie Sa · EURONEXT:FDE
La Francaise De L'energie Sa — Investor Presentation (March 2024)
16 slides from La Francaise De L'energie Sa's investor presentation, Mar 7, 2024
Slide 1: Local Energy – Positive Impact: Hydrogen development strategy in Lorraine
Local Energy – Positive Impact Hydrogen development strategy in Lorraine March 7th 2024
Slide 2: FDE: Making Net Zero Happen
FDE : MAKING NET ZERO HAPPEN Developing the leading negative > 3,5 Million tons of CO2eq emissions currently avoided annually* carbon energy producer Present on all key sustainable Power – Gas – H2 - Heat energies With a pan European footprint Producing in 4 countries: France – Belgium – Norway – Bo
Slide 3: 87 billion m3 of gas resources
FOCUS ON THE LORRAINE: LORRAINE 41 SITES DEVELOPMENT… CERTIFIED BY SPROULE GERMANY Bleue Lorraine Concession (100% FDE) – valid until 2040 Völkingen Sarrebrucken Dilingen MosaHYc pipeline Valorisation options BLEUE LORRAINE H2 Hydrogen GAS CONCESSION 87 billions m3 of gas Saint- Avold resources Pont
Slide 4: …Including the latest major natural discovery
…INCLUDING THE LATEST MAJOR NATURAL DISCOVERY Dillingen « Trois Evêchés » Permit Application Significant discovery made in Folschviller « Bleue Lorraine » Concession Saarstahl (FOLS-1A) MosaHYc Application for the « Trois Evêchés » permit (>2000 km2) submitted to secure the licence • Evaluation of p
Slide 5: Market potential: H2 & black carbon
MARKET POTENTIAL: H2 & BLACK CARBON Strategic location: 5 km away from the the MosaHYc (Moselle Saar Hydrogen Conversion) pipeline Integrated into the Grande Region Hydrogen (GRH) initiative to develop a hydrogen ecosystem in the Grande Région, including Saarland (Germany), Lorraine (Grand Est) and
Slide 6: A key project for the region and an example for Europe
A KEY PROJECT FOR THE REGION AND AN EXAMPLE FOR EUROPE Industry / Mobility H H H2 Natural H2 Production Plasma Pyrolysis Black Lorraine CH4 Carbon Bassin Gas Production CO2 Capture Injection & Storage CRYO PUR Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 6
Slide 7: Low carbon hydrogen production
LOW CARBON HYDROGEN PRODUCTION 1st axis: Developing low carbon hydrogen 15 years of work - Nearly €50 million invested by FDE Important gas resources present in Lorraine coal: c. 87 billion m3 (2C) 42 production sites identified on the Bleue Lorraine concession granted in 2023 Objective: Replace imp
Slide 8: Natural H2 production and CO2 capture and re-use
WITH NATURAL H2 PRODUCTION AND CO2 CAPTURE AND RE-USE 2nd axis: Developing natural hydrogen 6 years of work in partnership with the University of Lorraine and the CNRS and the support of the Region and the State (State- Region Pact) - Nearly €5 million invested by FDE Very high natural H2 concentrat
Slide 9: Plasma pyrolysis: standard module approach
PLASMA PYROLYSIS : STANDARD MODULE APPROACH PLASMA PYROLYSIS Replicating the cogeneration business: Production of black carbon – no CO2 emission Modular and replicable Within the existing regulatory framework Limited exposure for FDE: each selected Modular approach / upscaling site meets economical
Slide 10: H2 economics in Bleue Lorraine
H2 ECONOMICS IN BLEUE LORRAINE Total CAPEX Per 28 M€ standard Site ANNUAL ANNUAL PRODUCTION REVENUES OPEX AND LOCAL 680,000 kg H2 4,2 M€ TAXES 2,3 M€ /year 2,200 Ktons black carbon 2,6 M€ PAY-BACK IRR < 7 years > 10% Minimum 2 to 4 Sites to be installed each year during 14 years Code Reuters : FDEL.
Slide 11: Lorraine financing options
LORRAINE FINANCING OPTIONS Equity 7% of Total Capex 2 M€ FINANCING Subsidies Total Capex STRUCTURE (or Junior) 29% of Total Capex for 1 site 8 M€ TARGETED (100% ownership) 28 M€ Debt Financing 64% of Total Capex 18 M€ 1 site total CAPEX requirements of c. 28 M€ (including gas access, construction, c
Slide 12: Competitive low carbon footprint
COMPETITIVE LOW CARBON FOOTPRINT Carbon footprint of the Lorraine gas is already 10 times lower than the average mix (importation): 3.4 g CO2/kWh Vs 32 g CO2/kWh (IFEU 2016) LOCAL GAS IMPORTED GAS H2 Providing H2 and black carbon to end consumers instead of natural gas will divide by 2 the end user
Slide 13: Roadmap to H2 production
ROADMAP TO H2 PRODUCTION 2024 2025 2026 2027 Site 1: TRIT -1 Permitting * Construction Start-up H2 Production * Autorisations for Drilling / Re-entering wells: ✓ Conversion of these autorizations for the production lease requested (few months procedure) + ICPE autorisation (1 year procedure); ✓ New
Slide 14: FY 2026 targets
FY 2026 TARGETS > 100 M€ annual revenues EBITDA > 50 M€ > 10 M tons of CO2eq emissions avoided per year Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 14
Slide 15: FDE listing
FDE LISTING KEY CORPORATE INFORMATION SELL SIDE COVERAGE (as of 6th of March 2024) ✓ BUY Target Price: €67 Listing Euronext Paris November 2023 Analyst: simon.jouck@ha-ib.de Share price €42,15 / share 5,2 M ✓ BUY Shares outstanding 217 M€ Target Price: €72 Market capitalisation November 2023 Analyst
Slide 16: 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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