Premier Energy Plc · BVB:PE
Premier Energy — Q1 2025 Earnings Presentation
21 slides from Premier Energy's earnings presentation, May 2025
Slide 1: Earnings Call – 1Q 2025 Results
Earnings Call – 1Q 2025 Results
Slide 2: Disclaimer
Disclaimer This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Premier Energy PLC (“PE”), or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy Premier Energy PLC shares or other f
Slide 3: Welcome to PE’s 1Q 2025 Earnings Call
Welcome to PE’s 1Q 2025 Earnings Call José Garza Peter Stohr Zuzanna Kurek CEO, CFO, Moderator | IRO Premier Energy Group Premier Energy Group Premier Energy Group
Slide 4: Agenda
Premier Energy’s 26 MW solar park development with 10 MWh of battery storage capacity, under construction, located in Nanov, Teleorman county, Romania Agenda Opening remarks Financial highlights Segment overview Q&A session
Slide 5: Opening remarks
Premier Energy’s 48 MW solar park development with 16 MWh battery storage capacity currently under construction in Buzau county, Romania. Opening remarks by José Garza
Slide 6: Integrated, diversified business model is right strategy
Integrated, diversified business model is right strategy Distribution of natural gas to users and Premier Energy’s Generation and management of its supply to both household and non- vertically integrated renewable energy assets and the supply household consumers in Romania and of renewable energy to
Slide 7: 1Q 2025 Results Highlights
Strong operational growth driven by strategic acquisitions and expansions, well reflected in the revenue for the quarter 1Q 2025 RESULTS HIGHLIGHTS +72% increase in Group normalized revenues, to EUR 481.1 million +185% growth +142% clients +63% growth +31% YoY increase in own driven by Premier Energ
Slide 8: Financial highlights
Premier Energy’s electricity distribution network panel in the Republic of Moldova The new turbine in Premier Energy’s gas-to-power plant in Fagaras, Romania, which should commence operations in June 2025. Financial highlights by Peter Stohr
Slide 9: 1Q 2025 preliminary income statement overview
1Q 2025 preliminary income statement overview 1Q 2025 1Q 2024 Δ% Normalized revenue growth of 72% reflects the € in mil. continued growth of the Group, paired with the effectiveness of the diversified business approach. The Revenue 484.8 253.4 91% strong results are despite the lower wind conditio
Slide 10: EBITDA Normalization reflects tariff deviation differences in Moldova
Tariff deviation differences in the past few years have been EBITDA Normalization reflects driven by underlying energy market price fluctuations tariff deviation differences in Lower than anticipated energy prices 2023 caused the business to outperform the regulatory-allowed return; the tariff devia
Slide 11: Day ahead price average for 1Q | RON/MWh
Intraday prices continued to experience increased volatility in 1Q’25; prices in the evening peak were 125% more expensive than prices during mid-day Day ahead price average for 1Q | RON/MWh Q1 2024 Q1 2025 1.100 1.000 900 800 700 +125% 600 500 400 300 200 100 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1
Slide 12: Balance sheet overview
Total assets: grew by 62% YoY driven by a 33% YoY rise in fixed Balance sheet overview assets fuelled by strategic investments in new electricity production plants, including the 18 MW and 80 MW wind parks in Romania and the 28 MW of solar plant developments in Moldova during 2024, as well as contin
Slide 13: Segment overview
Premier Energy’s 26 MW solar park, with a battery storage capacity of 10 MWh, currently under construction in Nanov, Teleorman county, Romania. Segment overview by Peter Stohr
Slide 14: Renewable segment bolstered by both organic and un-organic growth
Renewable segment bolstered by both organic and un-organic growth, though facing challenges due to lower wind production, price caps and increased intraday price volatility IFRS Revenues Portfolio of renewables EUR m. Capacity MW1 Renewable production from owned plants 1.498 increased by 185%, dri
Slide 15: Premier Energy Furnizare saw a solid 1Q, with balancing costs mostly within caps
Premier Energy Furnizare saw a solid 1Q, with balancing costs mostly falling within the remuneration caps IFRS Revenues Customer evolution EUR m. # ths. 1.318 P&L consolidation started on 1st of April 129 2024 – 1Q is the last quarter without comparatives Not part Not part of the of the Revenue
Slide 16: Natural gas business continued strong performance well into 1Q 2025
Natural gas business continued strong performance well into 1Q 2025 IFRS Revenues Distribution customers Supply customer evolution EUR m. # ths. # ths. The natural gas division generated a 37% YoY revenue increase, to EUR 152 million. +37% +5% +30% This evolution was driven by distribution volumes
Slide 17: Moldova electricity segment outperformed on a normalized basis
Moldova electricity segment outperformed on a normalized basis Normalised revenues1 Distribution RAB2 Customer evolution Supply volumes increased 6% YoY, driven EUR m. USD m. # ths. by GDP growth +28% +2% +1% In Moldova, the business outperformed on a normalized basis. For normalization 154 201
Slide 18: Subsector analysis 1Q 2025
Subsector analysis 1Q 2025 Electricity Electr. Electr. Develop- This analysis highlights the strength of the 1Q 2025 (EUR in millions) Group’s diversification and vertical Production Distribution Supply ments Corporate Total integration Revenue 17.5 37.4 429.8 0.0 0.0 484.8 The electricity produ
Slide 19: Q&A
Premier Energy’s electricity substation, Chisinau, in the Republic of Moldova Q&A
Slide 20: Thank you for joining us today!
Thank you for joining us today! • Premier Energy’s consolidated Q1 2025 results are available for download on our website, www.premierenergygroup.eu • The recording of this conference call will be available on our website shortly. • For any questions related to our activity, please do not hesitate t
Slide 21: Premier Energy’s electricity distribution network in the Republic of Moldova
Premier Energy’s electricity distribution network in the Republic of Moldova