Doral Group Renewable Energy Resources Ltd · TASE:DORL
Doral Group Renewable Energy Resources — H1 2022 Earnings Presentation
26 slides from Doral Group Renewable Energy Resources's earnings presentation, 2022
Slide 1: Leader of the Renewable Energies Market in Israel
Leader of the Renewable Energies Market in Israel Analyst Presentation H1, 2022 Company's facility In Kibbutz Karmia
Slide 2: Legal Disclaimer
This presentation of Doral Group Renewable Energy Any reference to the “Company” refers to the Company and its Legal Resources Ltd. (hereinafter - the “Company”) was prepared as a general presentation about the investees (held directly or indirectly) The information included in this presentation and
Slide 3: Legal Disclaimer
These slides constitute “forward-looking consumers or system costs, changes in the volume of power information” as described in the Securities Law, consumption by system consumers, changes in tax rates, Legal 1968, which is based, to a substantial extent, on the Company's expectations and assessment
Slide 4: Doral Energy Group - Entrepreneurship, Technology and Innovation
Doral Energy Group - Entrepreneurship, Technology and Innovation Israel USA Europe The largest backlog of Projects under development Projects in Italy, facilities under among the largest in the USA Romania, Poland and development and under with a capacity of about Denmark execution in Israel 12 GWp4
Slide 5: Main Events
Main Events 1. Financi Financial 2. 3. MOU for 4. closing Massive ssive totaling Inflation projects construction financing financi Approx. Reduction totaling work in – USD 390M Act. Approx. USA NIS 2.2 billion Tax Equity Israel agreement Europe 5 Analyst Presentation H1, 2022
Slide 6: 16 GWp Projects Backlog
Projects 15,897 (7,485) 11,959 Backlog (5,651) 917 (553) Total capacity of approx. 3,022 (1,281) 1,583 16 GWp 4.5 (7.5 GWp) Total storage capacity of approx. 1,209 9 GWh 4.5 (4.3 GWh) 230 Total Under Advanced Total mature Winning tenders / Under Connected2 backlog development development backlog1 PP
Slide 7: Mature projects with total capacity of approx. 3 GWp
Mature projects 3,022 MWp with total capacity 2024 (1,281 MWp) of approx. 3 GWp expected to generate income 1,614 MWp 2023 in the forthcoming (793 MWp) 4.5 years 4.5 2022 303 MWp (144 MWp) + 1.314% August 230 MWp 2022 (102 MWp) 7 * The Data in brackets reflect the forecast Company share in the facil
Slide 8: Forecast results from mature projects
Forecast Over NIS 1 billion Revenue run rate from projects from 2024 results Project Revenues Project EBITDA (NIS million) Project FFO (NIS million) from mature (NIS million) 1,139 (510) projects 1, 11 918 770 (407) (377) 595 618 (279) (301) 437 (222) 277 (137) 228 177 (112) (90) NIS 114 99 78 (52)
Slide 9: Israel
Israel 9 Company facility Analyst Presentation H1, 2022 Kfar Menahem
Slide 10: Israel - A Snapshot
58% of mature projects out of an 1 Israel - A existing backlog of approx. 2GWp Snapshot Approx. 230 partnerships with Kibbutzim, Moshavim and cooperatives More than 500 income-generating facilities across the country, Kibbutz Kfar which the Company itself initiated, developed and built Hamaccabi Sto
Slide 11: Tender 1 for Solar and Storage Facilities
Winning the tender Project Spotlight Tender 1 for Distributor response and procurement of key equipment Capacity PV 239 MWp Storage 470 MWh Solar and Commencement of construction work - first projects Expected commercial operation 2022-2023 Storage Signing a MOU for the projects financing Total proj
Slide 12: LLC
LLC 12 Analyst Presentation H1, 2022
Slide 13: The electricity market in the United States
The Inflation Reduction Act At the total amount of approx. The expected effect of the new legislation electricity USD 370 billion Historical Annual Capacity Additions vs. market in Modeled Annual To fight global warming Average Capacity Additions the United As part of the package of incentives - • E
Slide 14: Business Card
Business Card Signed PPAs in respect of approx. 1.8 GWp8 Control across the entire value chain Experienced and professional team, direct At high electricity tariffs transactions with land owners. LLC Total expected revenues from the agreements Independent entrepreneurship and Approx. NIS 1.5 billion
Slide 15: Activity in the Leading and Most Liquid and Tradable Power Grids
Activity in the Leading and Most Liquid and Tradable Power Grids Total ISO-NE projects’ 10 600MWh capacity NYISO 1,600MWh 1,600M Approx. MISO 12GWp 4 3,973MWp PJM Total 175 MW 2,677MWp 160MWh storage SPP capacity 4,100MWp 3,900MWh Approx. SERC 6.86GWh 4 200MWp ERCOT 760MWp 600MWh 15 15 Analyst Prese
Slide 16: Indiana North Project
Project Spotlight PPA with AEP Indiana Capacity 480 MWp Grid PJM Receipt of building permit North Date of receipt of building permit Q1 2022 Signed EPC agreement March 2022 Expected commercial operation Q3 2023 Project 4,5,6 PPA AEP Financial closing - June 2022 Tax Equity Bank of America First repr
Slide 17: Europe
Europe 17 Company Systems Analyst Presentation H1, 2022 In Poland
Slide 18: Europe Projects' Capacity
Europe Denmark 340MWp Projects’ Capacity 10 Poland 498MWp Approx. 2 4,5 GWp Romania 677MWp Italy 518MWp 18 Analyst Presentation H1, 2022
Slide 19: Projects' Development in Europe - Progress and Growth
Projects’ Development in Europe - Progress and Growth 4 Backlog of mature projects 82MWp Backlog of mature In advanced projects development In advanced 60MWp development 567MWp 120MWp Under development Under development Q2 2022 Q1 2022 19 Analyst Presentation H1, 2022
Slide 20: Doral at the Forefront of the Green Energy Revolution
Doral at the Forefront of the Green Energy Revolution - Develops Green Hydrogen Projects Investments, innovation and securing the supply chain “Doral-Tech” invests in groundbreaking hydrogen technologies, and promotes strategic collaborations with technology suppliers. Alongside the initiation and d
Slide 21: Doral Environmental Infrastructures
WASTE 2 ENERGY Doral Environmental Infrastructures Treating agricultural Total of approx. Around-the-clock- Expanding the activity to and industrial waste NIS 14 million per activity 24/7 Europe 3 facilities are year5 in revenues The facilities In August 2022, the commercially operated are expected
Slide 22: Key Financials
Liquid balances Equity As of June 30, 2022* Attributed to owners as of June 30, 2022 Key 400 (NIS million) 537 (NIS million) Financials 3,5,6 + 146% 54 + 159% 37 + 154% 243 37 Concurrently with the 23 158 promotion and construction of its major flagship projects, the company has continued its growth
Slide 23: Key Financials
Key Financials Key data of consolidated statements of financial position (in NIS thousands)3 June 30, 2022 June 30, 2021 Dec. 31, 2021 Cash and cash equivalents 397,761 219,318 601,466 Other current assets 230,708 254,770 285,501 Non-current assets 1,236,082 517,067 769,720 Total assets 1,864,551 99
Slide 24: Key Financials
Key Financials Key data of consolidated statements of income and other comprehensive income (NIS thousand)3 Project data As of June 30, 2022 (in NIS million)5,6 IFRS Non-GAAP H1’2022 H1’2021 Q2’2022 Q2’2021 2021 Plus Connected construction, facilities2 Revenues 36.609 22.547 17.346 13.154 56,578 pre
Slide 25: Comments
1”Mature Projects” - projects under commercial operation, ready for connection, To the extent that the Company fails to execute the any or all of the projects it under construction or pre-construction and/or after winning tenders, or signing promotes, its main exposure will arise from the derecognit
Slide 26: Renewable Energy Driven by People
Renewable Energy Driven by People ISRAEL USA EUROPE DORAL TECH EI ENVIRONMENTAL INFRASTRUCTURES michal@doral-energy.com | www.doral-energy.com
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