Slide 1: Webcast FY 2018 Presentation
Webcast FY 2018 Presentation March 28, 2019
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 AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. This pre
Slide 3: Operational Highlights FY 2018
Current Business Development Operational Highlights FY 2018 Successes in the onshore business – Internationalisation pays off • PNE completed, sold or started construction of 235.7 MW of projects (2017: 233.6 MW) • Initiated investment volume of € 330 - 424m (2017: € 327 – 420m) • Of this figure, 15
Slide 4: Financial Highlights FY 2018
Current Business Development Financial Highlights FY 2018 Impairment on offshore inventories burdens otherwise strong operating performance • EBITDA at € 16.5m (2017: € 28.6m), EBIT at € 7.8m (2017: € 23.1m) • Earnings impacted by impairment on offshore inventories (€ 10.8m) • Adjusted for the impai
Slide 5: Wind Onshore
Current Business Development Wind Onshore Land I-II III IV Total MW • Germany – Good activity despite delays in permitting process Germany 1407 200 49 1656 • Projects Looft (16.5 MW) and Wangerland (10.7 MW) Bulgaria 121 0 0 121 completed as service provider France 355 149 0 504 • Projects Gerdau-Re
Slide 6: Wind Offshore
Current Business Development Wind Offshore Zone Sold projects Phase #WEA Total MW Sold to • Milestone payments of approx. € 8m received 1 Borkum Riffgrund 1 8 78 312 Ørsted (DONG) • Milestone payments of approx. € 4m each received for Borkum Riffgrund 2 and Gode Wind 3 1 Borkum Riffgrund 2 6 56 448
Slide 7: Scale Up Milestones
Strategy Scale Up Milestones 2023 • Finalisation of … SCALE UP • Add further new 2020 products/services • Product range • Sale of 200MW of different Hybrid 2019 portfolio share Power Plants is in place • Completion and • Development of sale of 1st • Start the build-up 2018 project pipeline in develo
Slide 8: Wind Farm Portfolio 2020 – Development according to plan
Strategy Wind Farm Portfolio 2020 – Development according to plan • Portfolio currently consists of 71.3 MW of projects which are in operation or under construction • Kührstedt-Alfstedt (43.2 MW, Lower Saxony) entered operations in Q4 2017 • Gerdau-Repowering (21.6 MW, Lower Saxony) in operation sin
Slide 9: Income Statement FY 2018 (FY 2017)
Financials Income Statement FY 2018 (FY 2017) In € m FY 2018 FY 2017 FY 2018 Highlights: Sales 91.4 114.1 • Impairment on offshore inventories burdens Work in progress 15.1 63.3 otherwise strong operating performance Other income 5.3 9.5 • Adjusted for impairments on inventory (€ 10.8m), Total outpu
Slide 10: Balance Sheet FY 2018 (IFRS)
Financials Balance Sheet FY 2018 (IFRS) FY 2018 Highlights: • Equity at € 216.3m • Property, Plant and 452.6 (493.3) 452.6 (493.3) • Equity ratio very solid at 48% Equipment at € 96.1m (48% as of 31 December 2017) 65.1 Intangible Assets • Book value of € 2.83 per share • Transformer stations (66.8)
Slide 11: Outlook – Promising start to the year
Outlook Outlook – Promising start to the year Onshore wind power • Promising outlook due to well-filled project pipeline in Germany and France with a total of 349 MW in Phase III • Continue build-up of Wind Farm Portfolio 2020 • Continue ongoing sales processes in international markets (e.g. Poland,