Sunflower Sustainable Investments Ltd · TASE:SNFL
Sunflower Sustainable Investments — Investor Presentation (July 2014)
34 slides from Sunflower Sustainable Investments's investor presentation, July 2014
Slide 1: Sunflower Sustainable Investments Ltd. Company Presentation – July 2014
Sunflower Sustainable Investments Ltd. Company Presentation – July 2014
Slide 2: Disclaimer
Disclaimer This presentation is made for convenience purposes only and is not designed to obviate the need to inspect the reports publicly released by Sunflower Sustainable Investments Ltd., including the financial statements. Certain information as presented in the presentation includes declaration
Slide 3: Business Card
Business Card The Company operates in the Renewable Energy market The Company holds projects in the renewable sector of 81 MW and has additional 100 MW of projects in development stage 63 MW are connected to the electricity grid and 18MW are under construction or in purchase process The Comp
Slide 4: The Group's Investments in Projects in MW
The Group’s Group s Investments in Projects in i MW 90 80 70 60 50 40 30 20 10 0 2008 2009 2010 2011 2012 2013 (*) 2014 ((*)) The capacity p y of 2014 includes 18 MW of p projects j under construction or purchase p process and does not include projects in development stage of 100MW 4
Slide 5: Company's Revenues from Electricity
C Company’s ’ Revenues R ffrom El Electricity t i it Million NIS 120 12 3 100 21 22 80 2 60 22 83 40 74 41 20 26 28 1 1 - 2008 2009 2010 2011 2012 2013 Italy Spain Israel 5
Slide 6: The Companies Activities
The Companies Activities Real Estate Wind Farms PV Projects Properties 2 Properties 10MW Active Projects 53MW Active Projects Book Value Projects under construction - 16MW Projects in purchase NIS 90 million Projects in development stage - 100 MW process - 2MW Company’s share in active projects and
Slide 7: The Renewable Energy Sector PV Technology
The Renewable Energy Sector PV TTechnology h l The third largest g Renewable Energy gy sector, after Hydro y and Wind The purchase cost of panels has decreased from approx. €3.5 million per MW in 2008 to approx. €0.5 million per MW in 2014 $114 billion of investments in 2013 in PV projects, ap
Slide 8: The Renewable Energy Sector Wind Technology
The Renewable Energy Sector Wind Wi d Technology T h l The fastest growing renewable energy sector in the Western world Low Regulatory Risks: Incentives for wind-generated energy are among the lowest in the renewable energy industry $80 billion of investments in 2013 in PV projects, approx. 30
Slide 9: PV Sector
טכנולוגיית הPV- PV Sector
Slide 10: Solar Energy - Italy
Solar Energy - Italy By 2020, 2020 Italy is required to produce 17% of its consumed energy from renewable sources, and by the end of 2012 13% were achieved In the aggregate, by the end of 2013 PV facilities of approx. 18 GW were connected to the electricity grid The Company owns PV Plants with
Slide 11: Solar Energy - Spain
Solar Energy - Spain By 2020, 2020 Spain is required to produce 20% of its consumed energy from renewable sources, and by the end of 2012 14% were achieved By the end of 2013, PV facilities of 5 GW were connected to the electricity grid in Spain The Company owns PV Plants with an installed cap
Slide 12: Solar Energy - Israel
Solar Energy - Israel Israel has set a target g that byy 2020 it will p produce 10% of its consumed energy from renewable sources, and by the end of 2012 approx. 1% was achieved The Company Th C h smallll active has ti facilities f iliti with ith an installed i t ll d capacity it off 4 MW (Compa
Slide 13: Wind Sector
Wind Sector
Slide 14: Wind Energy - Poland
Wind Energy - Poland The Company founded a subsidiary in which it holds 82% together with three entrepreneurs By 2020, Poland is required to produce 15% of its consumed energy from renewable sources, and by the end of 2012 11% were achieved I t ll d Capacity Intalled C it in i MW in i Poland P l
Slide 15: Wind Energy - Poland
Wi d Energy Wind E - Poland P l d The Company owns 2 operating wind farms with a total capacity of 10 MW (Company’s share 7MW) The Company owns 2 wind farms with a total capacity of 16 MW which are under construction (Company (Company’s s share 13MW) The total investment of the Company in Pola
Slide 16: Wind Energy - Finland
Wind Energy - Finland By 2020, Finland is required to produce 38% of its consumed energy from renewable sources, and by the end of 2012 34% were achieved Intalled Capacity in Finland - Wind Energy in MW 500 400 300 200 100 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 200
Slide 17: Summary of the Group's Investments
Summary of the Group’s Group s Investments thousand Euros Incentive Country Company’s Total Company’s Company’s Term of Average Projected Average Share in Initial Share Share in Incentive Cost per Annual Projected MW Cost Initial Cost ((in y years)) MW Revenues Annual (1) (1) for 2013 (1) Revenues p
Slide 18: Return of the Company's Investments in Italy and Spain
Return R t off th the Company’s C ’ Investments I t t in i Italy and Spain In Million of Euros Company’s share only, 50% in Spain and 85% in Italy Spain Italy Net Investment after Finance 31 24 Withdrawal – Net Amount (10) (3) Remaining Financial Investment on March 21 21 31 2014 31, Year of beginni
Slide 19: Investments in Countries
I Investments t t in i Countries C t i in million of Euros 250 Poland Israel Italy Spain 200 150 100 50 0 2010 2011 2012 2013 2014 ( ) Company’s (*) p y Share,, in 2014 includes 2 MW in Israel in p purchase p process and 16 MW in Poland under construction
Slide 20: The Group's Investments in Countries
The Group’s Investments in Countries (*) In Financial Terms 31.12.12 31.12.13 2014** Italy Spain Israel Italy Spain Israel Poland Italy Spain Israel Poland 9% 7% 16% 11% 14% 46% 35% 56% 53% 28% 24% ( ) Company’s (*) p y Share,, investments before finance (**) including projects under construction or
Slide 21: Real Estate Business in Israel
R l Estate Real E t t Business B i in i Israel I l The Company owns properties with a total value of approx. NIS 90 million A yielding property in A plot for the Ra’anana in partnership construction with REIT 1 of an office tower in Ra’anana 100% occupation Currently used as a parking lot NIS 62 Mil
Slide 22: Company Holdings Structure
Company Holdings Structure Roni Biram & Gil Deutsch Redmill Union 45.44% 15.17% 9 1% 9.71% Public Beresheit 12.74% Fund 16.94% Sunflower Sustainable Investments Ltd. 22
Slide 23: EBITDA and FFO
EBITDA and d FFO the Group’s Total Activity in thousand NIS Q 1 2014 Q 1 2013 2013 2012 EBITDA 15,570 12,817 89,828 76,616 FFO 6,841 4,125 39,151 43,526 EBIDTA - Earnings Before Interest, Taxes, Depreciation, Amortization, reappraisal of real estate and capital gain FFO - Funds from Operations -
Slide 24: Summary Balance Sheets
Summary Balance Sheets ini thousand th d NIS March December 31, 2014 31, 2013 C h Cash Cash, C hE Equivalents i l t andd Sh Short-term tt Investments I t t 110,376 177,366 Investments in affiliated companies 82,805 82,048 Investment in Renewable Energy Projects, Projects after Depreciation 640 542 6
Slide 25: Summary Income Statement
Summary Income Statement Figures in thousand NIS the equ change of legislation The red Q 1 2014 Q 1 2013 2013 duction of valu uity in net earrnings of affiliiated compan Revenues 21,752 16,686 99,910 Cost of Revenues 11,555 9,509 43,863 Gross Profit 10,197 , 7,177 , 56,047 , n. In the finan ue of th
Slide 26: Summary
Summary As of 2010 until today: y the capacity of Projects in MW was doubled The investment in Projects was tripled The Company’s income from producing electricity is four times higher The Wind sector is the main growth engine of the Company and the Company is looking for investments oppor
Slide 27: Thank you!
dai SUNFLOWER Sustainable Investments
Slide 28: Annex: Real Estate in Israel - Amdocs Building
Annex: Real Estate in Israel 1 “Amdocs 1. Amdocs Building” Building at Ra Ra’anana anana junction The company holds 50% of a property, which is located at Raanana-center junction (south), near Route 4 Built-up p area of the p property p y – approx. pp 13,425 sqm Most of the property is current
Slide 29: Annex: Real Estate in Israel - 2007 Lot
Annex: Real Estate in Israel 2. 2007 Lot A lot on an area of approx. 4,600 sqm located near Amdocs Building The lot has building rights for the construction of a multi-story tower known as the “Raanana City Gate Tower” REIT 1 has an option to buy 50% of the built-up tower Fair F i value l on
Slide 30: The Wind Sector in Finland
The Wind Sector in Finland
Slide 31: Incentives to Start Activity in Finland
Incentives to Start Activity in Finland ҉ Finland is one of the only countries in Europe with a rating of AAA ҉ The wind market in Finland is in an early stage and by the end of 2013 wind projects with a total capacity of approx. 380 MW were erected which are included in the tariff scheme, out of wh
Slide 32: Feed in Tariff
Feed in Tariff ҉ Wind farms in Finland are entitled, in addition to the market price of electricity, to an additional amount equal to the difference between the market price and € cent 8.35 per kWh ҉ Wind farms that will be connected before the end of 2015 will be entitled of € cent 10.53 10 53 per
Slide 33: The Wind Sector in Finland
The h Wind i d Sector iin Finland i l d ҉ Development ‐ most of the development of new projects is executed by local developers with limited experience in the field, while there are also experienced international developers working with local teams ҉ Services ‐ all the construction and operation ser
Slide 34: The Company's Project
The Company’s Company s Project ҉ The Company signed an agreement for the purchase of licenses for the construction of up to 5 Wind Farms with a capacity of approx. 20 MW each, which are still in the development process ҉ The consideration for the purchase of the licenses is in an amount of € 50,000
Sunflower Sustainable Investments — Investor Presentation (July 2014) on 6ix