Ellomay Capital Ltd · AMEX:ELLO
Ellomay Capital — Investor Presentation (October 2023)
29 slides from Ellomay Capital's investor presentation, Oct 2, 2023
Slide 1: Investors Presentation October 2023
Initiation, Development and Operation of Renewable Energy Projects for the Generation and Storage of Electricity and Gas in a Range of Technologies Investors Presentation October 2023
Slide 2: Legal Disclaimer
Legal Disclaimer 2 Information regarding forward-looking statements This presentation contains forward-looking statements that involve material risks and uncertainties. All statements included in this presentation concerning our plans, other than statements involving historical facts, are forward-lo
Slide 3: Our Objectives
Our Objectives Continued Growth Growth in the renewable energy activity from development to manufacturing - in Europe, USA, Israel A Profitable and Sustainable Company Generating a stable cash flow from renewable energy and energy storage assets with geographical distribution and in a range of techn
Slide 4: Forecast Connection of the Projects to the Grid
Forecast Connection of the Projects to the Grid 2023 919 MW - existing 117 MW - Italy 100 MW - US 156 MW - Manara 302.8 MW - Italy Conected to grid 591 MW - existing 328 MW - Italy 464 MW - existing 41 MW - Italy 46 MW - US 40 MW - Israel 183 MW - Italy 156 MW - Manara, Israel 46 MW - US 40 MW - Isr
Slide 5: Key Events 2022-2023
Key Events 2022-2023 Israel Klahim and Komemiyut projects - district committee approvals were received for the two projects - Klahim (14.8 MW PV + storage) and Komemiyut (21 MW PV + storage). Building licenses are expected soon; estimated commencement of construction - Q4-2023. Expansion of Dorad -
Slide 6: The Company's activity in Texas, USA
The Company’s activity in Texas, USA
Slide 7: New Activity of the Company - in Texas, USA
New Activity of the Company - in Texas, USA Commencement of activities - 2023 - Ellomay Capital, through wholly-owned subsidiaries, started the development and soon expects to commence the construction of a backlog of photovoltaic projects located in the outskirts of Dallas, Texas. Multiple small pr
Slide 8: Texas Projects: Connection to the Grid
Connection to the Grid Net Investment Expected ITC Expected Cost Expected Annual EBITDA* Expected Annual Revenues Capacity in MW Expected Timetable % of Ownership Project Project Under Construction / Ready to Build EUR 9.1M EUR 4.5M EUR 13.6M EUR 1.18M EUR 1.45M 13 Commencement of production: 2024 1
Slide 9: Energy Generation from Waste (Biogas) the Netherlands
Energy Generation from Waste (Biogas) the Netherlands
Slide 10: Projects of Waste-to-Energy (Biogas)
Projects of Waste-to-Energy (Biogas) * EBITDA and FFO are non-IFRS measures. The Company is unable to provide a reconciliation of EBITDA and FFO to net profit/loss on a forward-looking basis without unreasonable effort because items that impact these non-IFRS financial measures are not within the Co
Slide 11: Israel
ellomay wanes
Slide 12: The Company's Activity in Israel
The Company’s Activity in Israel Pumped Storage The construction of a pumped storage project Manara Cliff Capacity of 156 MWh, continuous operation for 12 hours Total 1,872 MW storage capacity The project can be extended to 220 MWh Solar + Storage Projects Development and construction of solar + sto
Slide 13: Pumped storage Manara Cliff - Under Construction
Pumped storage Manara Cliff - Under Construction The low pressure water tunnel The main entrance tunnel The main entrance tunnel Lower reservoir 13
Slide 14: Israel - Manara Cliff Pumped Storage Project
Israel - Manara Cliff Pumped Storage Project Total storage capacity of 1,872 MWh * Sheva Mizrakot Ltd. holds 25% of the Manara project. 66.67% of Sheva Mizrakot Ltd. (representing 16.66% of the Manara project) are held by Ampa Investments Ltd. and the remaining 33.33% (representing 8.34%) are held i
Slide 15: Dorad Power Plant
Dorad Power Plant In mid-2023, the Israeli government adopted a resolution to increase the power plant’s capacity by an additional 650 MW, and a building permit was received immediately thereafter from the National Infrastructure Committee. Construction is planned to take place in the area of the ex
Slide 16: Development of Photovoltaic Projects in Israel
Development of Photovoltaic Projects in Israel 16 Project name Status Capacity Tariff per kWh License valid through Connection to the grid Talmei Yosef P.V Connected to grid and operational 9 MW NIS 1.07 CPI linked 2033 Komemiyut PV +storage Approved Urban Building Plan under financial closing 21 MW
Slide 17: Spain
Spain
Slide 18: Spain - Photovoltaic Projects Connected to the Grid
Spain - Photovoltaic Projects Connected to the Grid 18 Project name Technology Capacity Radiation (P50) Tariff/ PPA Talasol(1) PV 300 MW 1,869 20% market price / 80% PPA Ellomay Solar PV 28 MW 1,909 Market price Seguisolar PV 1.248 MW 1,486 Subsidy EUR 0.22 kWh Rodríguez 1 PV 1.675 MW 1,533 Subsidy
Slide 19: Italy
Italy
Slide 20: Projects in Italy Geographic Deployment
Projects in Italy Geographic Deployment 199.6 MWp Friuli-Venezia Giulia 8 MWp Marche 139.1 MWp Piemonte 159.2 MWp Lazio 20
Slide 21: Italy Projects Table
Italy Projects Table RTB Ready to build EIA Underwent an Environmental Impact Assessment, awaiting final approval by committees STMG Approval of connection to the grid 21 Project Status MW Radiation Expected annual capacity P50 Geographical region Expected date of grid connection Ello 1 Ready for co
Slide 22: Financial Data
ellomay Financial Data
Slide 23: Financial Data Notes
The PV facility located in Talmei Yosef, Israel, is presented under the property, plant and equipment model rather than under the financial asset model in accordance with IFRIC 12 Including the Company’s share in Dorad. The Company’s share in Dorad is presented based on expected distributions rather
Slide 24: Summary Table of Projects - Financial Data
Summary Table of Projects - Financial Data | in EUR million In respect of a 100% stake. Company’s share constitutes 51% Excluding EUR 1.2 million in interest on loans advanced by minority interests of Talasol The PV facility located in Talmei Yosef, Israel, is presented under the property, plant and
Slide 25: Summary Table of Projects under Development/Construction Financial Data
Summary Table of Projects under Development/Construction Financial Data | in EUR million * EBITDA and FFO are non-IFRS measures. The Company is unable to provide a reconciliation of EBITDA and FFO to net profit/loss on a forward-looking basis without unreasonable effort because items that impact the
Slide 26: Key Balance Sheet Data
Key Balance Sheet Data | in EUR thousand * See Appendix A for calculations ** The changes in the fair value of the financial hedge transaction covering 80% of the capacity of the Talasol PV facility (”Talasol PPA”) are recognized in the Company’s equity through a hedge reserve. The hedge transaction
Slide 27: Key Financial Ratios
Key Financial Ratios * See Appendix A for calculations Company’s Debt 27 December 31, 2020 December 31, 2021 December 31, 2022 June 30, 2023 Ratio of financial debt to CAP* 69% 76% 82% 78% Ratio of net financial debt to net cap 50% 61% 72% 65% Ratio of adjusted net financial debt to adjusted CAP* 5.
Slide 28: Appendix A - Leverage Ratios
Appendix A - Leverage Ratios | EUR thousand Use of non-IFRS financial measures The Company defines financial debt as loans and borrowings plus bonds (current liabilities), finance lease liabilities, long-term bank loans, bonds (non-current liabilities), net financial debt, as financial debt less cas
Slide 29: Thank you
Thank you For further information Ran Fridrich, CEO | ranf@ellomay.com Kalia Rubenbach, CFO | kaliaw@ellomay.com www.ellomay.com
Ellomay Capital — Investor Presentation (October 2023) on 6ix