Audax Renovables Sa · BME:ADX
Audax Renovables Sa — Shareholder Meeting (April 2019)
23 slides from Audax Renovables Sa's shareholder meeting presentation, Apr 29, 2019
Slide 1: General Shareholders' Meeting
General Shareholders' Meeting 29th April 2019 1
Slide 2: Disclaimer
Disclaimer Disclaimer: This presentation has been drawn up by AUDAX RENOVABLES, S.A. (“AUDAX RENOVABLES” o the "Company") for the purpose of issuing this Profit and Loss Report. This document is not a brochure nor is it an offer to purchase, sell or subscribe or a request for an offer to purchase, s
Slide 3: Index
Index Audax in 2018 Key highlights until today Consolidated financial figures Consolidated operational figures Audax Renovables, S.A. result approval Audax today 3
Slide 4: Audax in 2018
Audax in 2018 Exponential growth in our first 10 years Phase I: Phase II: Start of Internationalisation and inorganic growth 2018 Organic growth Unieléctrica Takeover of 70.86% integration stake in Fersa Signing of the largest €287m €21m MARF bond Energías Renovables issuance S.A. (currently Audax s
Slide 5: Index
Index Audax in 2018 Key highlights until today Consolidated financial figures Consolidated operational figures Audax Renovables, S.A. result approval Audax today 5
Slide 6: Key highlights until today
Key highlights until today Year 2018: 1 Corporate debt cancelation through Hinojal’s debt optimization PPA with Cox Energy Solar, S.A. (495MWp in Spain & 165MWp 2 in Portugal) 3 Integration of Audax Energía, S.A. with UniEléctrica, S.A. 4 Start of construction of the 66MW first phase of Toabre wind
Slide 7: Key highlights until today
Key highlights until today Starting year 2019: 1 New PPA’s signed: PPA Morningchapter – Ourika 46 MWp PPA WElink Group - Solara4 218,8 MWp PPA Trina Solar Systems - 300 MWp 2 MARF bond issuance (€75m) 7
Slide 8: Index
Index Audax in 2018 Key highlights until today Consolidated financial figures Consolidated operational figures Audax Renovables, S.A. result approval Audax today 8
Slide 9: Consolidated financial figures
Consolidated financial figures 2018 2017 Var. Revenues 987 676 € M illio ns € M illio ns 46 % EBITDA 53 37 € M illio ns € M illio ns 44 % Net profit 9 8 € M illio ns € M illio ns 9 % Net financial debt 346 309 € M illio ns € M illio ns 12 % Leverage 69 78 % % -9 % Treasury 98 50 € M illio ns € M ill
Slide 10: Consolidated financial figures
Consolidated financial figures Consolidated Income Statement 2018 2017 Var. (%) Operating income 986,947 675,594 46.1 Gross Margin 103,701 81,409 27.4 EBITDA 53,395 37,076 44.0 EBIT 28,316 18,549 52.7 Profit/loss attributable to the Parent Company 8,997 8,250 9.1 EUR thousands Audax Renovables incre
Slide 11: Consolidated financial figures
Consolidated financial figures Business divisions details: 2018, December 31st Supply Generation TOTAL Net turnover 951,312 35,635 986,947 Costs of sales -883,246 0 -883,246 Gross Margin 68,066 35,635 103,701 EBITDA 19,732 33,663 53,395 EUR thousands 2017, December 31st Supply Generation TOTAL Net t
Slide 12: Index
Index Audax in 2018 Key highlights until today Consolidated financial figures Consolidated operational figures Audax Renovables, S.A. result approval Audax today 12
Slide 13: Consolidated operational figures
Consolidated operational figures Power supply division: Energy supply points 350,000 305,589 Energy supply points 2018 300,000 21,4% Netherlands 250,000 206,677 22% Spain 57% 200,000 29,3% Italy 150,000 15% 78,6% 100,000 70,7% 50,000 Rest of Europe 6% 0,000 2017 2018 Electricity Gas 13
Slide 14: Consolidated operational figures
Consolidated operational figures Power supply division: Energy supplied (GWh) Energy supplied 2018 12,000 10,083 10,000 7,911 Netherlands 30,4% 8,000 38% Spain 34,8% 44% 6,000 Italy 7% 4,000 69,6% 65,2% 2,000 Rest of Europe 0,000 11% 2017 2018 Electricity Gas 14
Slide 15: Consolidated operational figures
Consolidated operational figures Generation division: Domestic business International business TOTAL Location & Technology Installed capacity 139 MW 12 MW 34 MW 185 MW COD 2006 - 2010 2007 2015 Gross production 285 GWh 386 GWh 28 GWh 73 GWh FY18 15
Slide 16: Consolidated operational figures
Consolidated operational figures Generation division: Production (GWh) 500 450 85,2 400 75,2 72,8 350 31,1 27,9 300 25,6 250 200 340,2 288,6 285,4 150 100 50 0 2016 2017 2018 SPAIN FRANCE POLAND 16
Slide 17: Index
Index Audax in 2018 Key highlights until today Consolidated financial figures Consolidated operational figures Audax Renovables, S.A. result approval Audax today 17
Slide 18: Result approval
Result approval Audax Renovables, S.A. Profit and Loss Account 2018 2017 Var. (%) Operating income 485,245 5,060 9,489.8 Gross Margin 36,492 5,060 621.2 EBITDA 14,248 3,635 292.0 EBIT 13,316 3,661 263.7 Profit/loss for the year 19,975 7,635 161.6 EUR thousands FY2017 results corresponds to Audax Ren
Slide 19: Result approval
Result approval Audax Renovables, S.A. – Result application: Profit and Loss Account 2018 Profit/loss for the year € 19,975,375 To legal reserve: € 1,997,537 To compensate negative results of previous year: € 17,997,837 19
Slide 20: Index
Index Audax in 2018 Key highlights until today Consolidated financial figures Consolidated operational figures Audax Renovables, S.A. result approval Audax today 20
Slide 21: Audax today
Audax today Growth strategy based on three key pillars: A B Internationalisation process Spanish market consolidation C Vertical integration 21
Slide 22: Audax today
Audax today SME segment leading independent and vertically integrated power supplier Leading Vertically Solid financial Well independent integrated foundations positioned to supplier in Iberia in platform deliver at an SME segment international level Supplied energy market Energía sold by region 201
Slide 23: General Shareholders' Meeting
General Shareholders' Meeting 29th April 2019 23