Pne Ag · XETR:PNE3
Pne — PNE Wind — Q3 2016 Earnings Presentation
13 slides from Pne's earnings presentation, Nov 9, 2016
Slide 1: PNE WIND AG Webcast Presentation 3Q-2016
PNE WIND AG Webcast Presentation I 3Q-2016 November 9, 2016
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or purchase any securities of PNE WIND AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Thi
Slide 3: 9M-2016 Highlights
PNE WIND GROUP 9M - 2016 HIGHLIGHTS OPERATIONAL AND FINANCIAL Project implementation according to plan - 125.4 MW completed, sold or under construction 142.5 MW in Wind Farm-Portfolio - 124.5 MW commissioned and 18.0 MW under construction + 10 MW in the planning permission procedure - Electricity ge
Slide 4: Management Board
PNE WIND GROUP MANAGEMENT BOARD MANAGEMENT Management board complete, seasoned wind energy pioneers with strong industry knowledge and contacts - Markus Lesser became CEO on May 26, 2016 - Kurt Stürken became COO on Sept. 15, 2016 - Jörg Klowat CFO contact extended to March 2020 - Per Hornung Peders
Slide 5: Onshore Pipeline
PNE WIND GROUP ONSHORE PIPELINE Country I-II III IV Total MW 125.4 MW completed, sold or under Germany 1,227 86 33 1,346 construction in 9M-2016 - Completed projects: Westerengel 23.1 MW, Köhlen 21.3 MW, Bulgaria 121 0 0 121 Holzthaleben 4.8 MW, Apensen II 6.0 MW United Kingdom 43 0 0 43 - Project r
Slide 6: Wind Farm-Portfolio
PNE WIND GROUP WIND FARM-PORTFOLIO Scheduled Project Location Status MW completion Wind Farm-Portfolio Strategy Lower - Started in 2014, realization planned for end of 2016 Altenbruch II Commissioned 25.8 2009 Saxony Chransdorf Brandenburg Commissioned 57.6 2015 142.5 MW + 10 MW internally held - 12
Slide 7: Offshore Projects
PNE WIND GROUP OFFSHORE PROJECTS Own Projects Zone Phase # WTG Total MW Nemo 4 2 80 480 DONG reached FID for offshore project Jules Verne 4 2 80 480 Borkum Riffgrund II - Milestone payment of € 3.2m Nautilus I 4 2 80 480 Atlantis I 2 3 73 584 Up to € 29m in milestones expected - From Borkum Riffgrun
Slide 8: Income Statement (IFRS)
PNE WIND GROUP INCOME STATEMENT (IFRS) In EURm 9M 2016 9M 2015 2015 Solid EBIT achieved despite build out of Wind Sales 77.1 80.5 109.5 Farm-Portfolio Work in progress 19.5 104.9 116.1 - Total output and sales driven by stage of completion of wind farms and timing of sales Other income 5.3 4.2 7.7 -
Slide 9: Balance Sheet Assets (IFRS)
PNE WIND GROUP BALANCE SHEET ASSETS (IFRS) Balance sheet developments primarily driven by investments in Wind Farm-Portfolio Property, Plant and Equipment at € 160.8m - Commissioned wind farms € 125.1m - Transformer stations € 10.5m - Building and property € 19.0m Inventories climb to € 177.8m - Off
Slide 10: Balance Sheet Liabilities (IFRS)
PNE WIND GROUP BALANCE SHEET LIABILITES (IFRS) Wind Farm-Portfolio leads to temporary increase in debt and deferral of earnings - Equity at € 158.1m translates into a solid equity ratio of 30% Non-current debt at € 227.6m - Project financing of € 105.1m - 2013/18 corporate bond € 98.0m - 2014/19 con
Slide 11: Outlook
PNE WIND GROUP OUTLOOK EBIT in 2016 up to € 100m - Based primarily on Wind Farm-Portfolio transaction - Sales process ongoing Wind Farm-Portfolio grows to 142.5 MW + 10 MW in planning permission - Conditions necessary for direct sale to an investor are met Atlantis I is being prepared for upcoming t
Slide 12: Q&A
PNE WIND GROUP Q&A PNE WIND II company presentation II 11 2016 12
Slide 13: Thank You / Contact
THANK YOU CONTACT Rainer Heinsohn Head of Communication Tel: +49 (0) 47 21 – 7 18 - 453 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: rainer.heinsohn@pnewind.com Scott McCollister Head of Investor Relations Tel: +49 (0) 47 21 – 7 18 - 454 Fax: +49 (0) 47 21 – 7 18 - 373 Harnessing the power of the wind me