Mpc Energy Solutions Nv · OSL:MPCES
Mpc Energy Solutions Nv — Q3 2024 Earnings Presentation
22 slides from Mpc Energy Solutions Nv's earnings presentation, Oct 31, 2024
Slide 1: Making Clean Energy Happen: Q3 Results Webcast
31 October 2024 MAKING CLEAN ENERGY HAPPEN Q3 Results - Webcast
Slide 2: Disclaimer
DISCLAIMER MPC Energy Solutions This presentation has been prepared by MPC Energy Solutions N.V. (the “Company”) and is general background information about the Company’s activities at the date of this presentation. The information in this presentation is provided in summary form only and does not p
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS MPC Energy Solutions Certain information and statements shared in this document, including financial estimates and comments about our plans, expectations, beliefs, or business prospects, and other information and statements that are not historical in nature, may constitute
Slide 4: Agenda
AGENDA Q3 Results Webcast Our Business and Strategy Q3 2024 Review Year-End Guidance Key Investment Highlights Q&A | | 4
Slide 5: Our Business and Strategy
MPC ENERGY SOLUTIONS Our Business and Strategy | | 5
Slide 6: Who We Are
WHO WE ARE Full-cycle independent power producer (IPP) with offices in the Netherlands (HQ), Colombia and Panama. Founded in mid-2020, listed on the Oslo Stock Exchange since January 2021. We invest in Latin America and the Caribbean We focus on the full project life cycle Development Construction O
Slide 7: Our Current Portfolio
OUR CURRENT PORTFOLIO Successful track record: 5 operational projects, construction in Guatemala underway (biggest project to -date) In operation Under construction Los Santos I Neol CHP Los Girasoles Santa Rosa Planeta Rica San Patricio + Mexico + Puerto Rico + Colombia + El Salvador + Colombia + G
Slide 8: Our Focus and Deliverables
OUR FOCUS AND DELIVERABLES Push Development Progress Bring in Co-Investors Strong backlog as foundation for Core of business model. Co- growth and scalability. Selected full investors share in construction farmdowns are an option. Storage equity and pay development fee. solutions highly relevant. Th
Slide 9: Relationship with MPC Capital
RELATIONSHIP WITH MPC CAPITAL 20.5% shareholder + MPC Capital still largest shareholder of MPCES. 1 with 2 board seats + Day-to-day operational support through arm’s length services, mainly concerning technical and commercial asset management for operational projects. arm’s length + Total fees paid
Slide 10: Q3 2024 Review
MPC ENERGY SOLUTIONS Q3 2024 Review | | 10
Slide 11: Q3 2024: Continued Growth, Higher Operating Profits
Q3 2024: CONTINUED GROWTH, HIGHER OPERATING PROFITS Positive overall development outweighs negative development in Puerto Rico Highlights Lowlights First impairments on CHP project in Puerto Rico taken in Proportionate energy output, revenue and EBITDA already + - Q3, further non-cash write-downs ex
Slide 12: Q3 2024: Continued Growth, Higher Operating Profits
Q3 2024: CONTINUED GROWTH, HIGHER OPERATING PROFITS Unaudited, proportionate values + As in previous quarters, our portfolio continues to Energy Output Project Revenue Project EBITDA and Margin generate higher energy output and consequently (proportionate, GWh) (proportionate, million USD) (proporti
Slide 13: Q3 2024: Project Performance
Q3 2024: PROJECT PERFORMANCE Unaudited, proportionate values Energy Output Revenue EBITDA EBITDA + Our projects in El Salvador and Mexico continue to Project Country (GWh) (mUSD) (mUSD) margin contribute the majority of our energy output, revenues and operating profits. Los Santos I Mexico 27.8 2,92
Slide 14: Q3 2024: Costs Under Control, Free Cash Sufficient
Q3 2024: COSTS UNDER CONTROL, FREE CASH SUFFICIENT Unaudited, consolidated values Overhead Costs Personnel Costs and Other Free Cash Overhead (in million USD) + The cost cutting measures implemented in late (in million USD) 2023 continue to bear fruit. + Goal to reduce overhead by 30% compared to 20
Slide 15: Q3 2024: Group EBITDA Significantly Increases YoY
Q3 2024: GROUP EBITDA SIGNIFICANTLY INCREASES YOY Unaudited, consolidated values Q1-Q3 Q1-Q3 Consolidated, all values in thousand USD, negative values in “()” 2024 2023 Delta + The trend of increased revenues and operating profits is also reflected in our consolidated Revenue 8,887 6,859 +30 numbers
Slide 16: Q3 2024: Other Financial Parameters
Q3 2024: OTHER FINANCIAL PARAMETERS Unaudited, consolidated values USD 124.3 million 49% USD 2.1 million USD (0.12) Total Assets Equity Ratio Free Cash Adjusted EPS | Q3 Results - Webcast | 16
Slide 17: Year-End Guidance 2024
MPC ENERGY SOLUTIONS Year-End Guidance 2024 | | 17
Slide 18: Slight Adjustment to Year-End Guidance
SLIGTH ADJUSTMENT TO YEAR-END GUIDANCE Proportionate values + We adjusted our year-end outlook to reflect the Energy Output Project Revenue Project EBITDA and Margin halted production in Puerto Rico. (proportionate, GWh) (proportionate, million USD) (proportionate, million USD) + Consequently, we ar
Slide 19: Why Invest?
MPC ENERGY SOLUTIONS Why invest? | | 19
Slide 20: Investment Highlights
INVESTMENT HIGHLIGHTS Access to energy transition/renewables in high growth region + (Central America and Caribbean) Full-cycle IPP with scalable business model, recognized across the + region with strong local presence Existing asset base with long-term predictable cash flows and high + operation m
Slide 21: Q&A
MPC ENERGY SOLUTIONS Q&A | | 21
Slide 22: Contact Information
CONTACT INFORMATION MPC Energy Solutions N.V. Apollolaan 151, Unit 121 1077 AR Amsterdam The Netherlands Investor Relations & Public Relations Email: IR@mpc-energysolutions.com www.mpc-energysolutions.com | Q3 Results - Webcast | 22