Alerion Clean Power S.p.a. · MIL:ARN
Alerion Clean Power — Debt Investor Presentation (November 2024)
12 slides from Alerion Clean Power's debt investor presentation, Nov 22, 2024
Slide 1: Alerion Clean Power New Bond Issue – Investor Presentation
Alerion Clean Power New Bond Issue – Investor Presentation 22-11-2024
Slide 2: Disclaimer
2 Disclaimer THIS PRESENTATION AND ANY OTHER INFORMATION PROVIDED (THE “PRESENTATION”) IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THIS PRESENTATION, WHICH HAS BEEN PREPARED BY ALERION CLEAN POWER S.P.A. (THE “COMPANY”), IS PRELIMINARY IN NATURE AND IS SUBJECT
Slide 3: Alerion at a glance
1 Alerion at a glance 3 Background • Alerion is an industry leader in wind and solar with a high quality asset base and an important pipeline in Italy, Romania and Spain • Alerion is listed on the Milan Stock Exchange with a market cap of ~900m • Alerion’s majority shareholder is Fri-El Group (ownin
Slide 4: Alerion at a glance: Leading Italian IPP and development renewable platform
2 Alerion at a glance Leading Italian IPP and development renewable platform… 4 Leading Italian RES platform and Trophy Listed in the Milan stock one of the largest in Europe 912 MW gross installed capacity RES IPP exchange with a market and Strong in-house development and 1.6 TWh annual (AVG) produ
Slide 5: 30 years of success in the renewable industry
3 30 years of success in the renewable industry 5 Alerion Clean Power Stock Price1 (€) 1994 2002-2008 2010-2011 40.0 30.0 Gostner brothers Fri-El Green Power Construction of the 20.0 founded Ener.CO signs a joint venture first solid biomass S.r.l., specializing in partnership with production, EDF Én
Slide 6: Alerion at a glance: operating plants by region
4 Alerion at a glance …benefitting from a highly resilient yield portfolio with strong fundamentals and attractive geographical presence… 6 Operating plant by region Italy Bulgaria Bulgaria Number of Gross capacity 1 4 Plant Location P50 (GWh) SPVs (MW) 12 12 Spain North 1 20 47 1 Spain 1 1 20 3 36
Slide 7: Alperion: a Joint Venture with Alperia
5 Alperion: a Joint Venture with Alperia 7 The Joint Venture at a glance Transaction structure €63.1m* (49.7m Share Cap. and 13.4m Shareholders loan) Naonis Wind 50% stake • On the 12th of November 2024, Alerion signed an agreement with 50% 50% Alperia Greenpower S.r.l. (“Alperia”), a wholly-owned s
Slide 8: Highly attractive and supportive Italian market environment underpinned by clear renewables targets
6 Highly attractive and supportive Italian market environment underpinned by clear renewables targets Room for consolidation as well as constructive and forward-looking regulation providing stability 8 1 Fragmented wind onshore market with room for consolidation. 2 ..fueled by a significant growth e
Slide 9: Historical key financials highlights
7 Historical key financials highlights 9 1 Total consolidated revenue (€m) 2 EBITDA1 (€m | %) EBITDA 85.8% 85.1% 75.5% n.a. 72.6% 69.2% Margin 274 233 202 180-190 154 152 132 127 132 96 88 2021A 2022A 2023A 9M-23A 9M-24A 2021A 2022A 2023A 2024F 9M-23A 9M-24A 3 Net Financial Indebtedness (€m | x) 4 P
Slide 10: Main terms and conditions of the new green bond 2024-2030
8 Main terms and conditions of the new green bond 2024-2030 10 Ranking Senior Unsecured Indicative Offer size € M, with upsize option up to €3 M Up to € M to early redeem the -2025 Green Bond, and any amount in excess thereof, to finance, in whole or in part, Use of Proceeds future investments in gr
Slide 11: Q&A
Q&A
Slide 12: Alerion Clean Power
ALERIONCLEANPOWER
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