Photon Energy Nv · GPW:PEN
Photon Energy Nv — Q3 2024 Earnings Presentation
23 slides from Photon Energy Nv's earnings presentation, Nov 19, 2024
Slide 1: Q3 2024 Results Conference
Q3 2024 Results Conference Georg Hotar, CEO David Forth, CFO Photon Energy N.V. 19 November 2024
Slide 2: Disclaimer
Q3 2024 Results Presentation Disclaimer This presentation is for information purposes only and may not be copied in whole or in part for any purpose, or forwarded to third parties or published. This presentation includes written material or slides for a presentation on Photon Energy N.V. (“the Compa
Slide 3: Business Results, Financial Results, 2024 Guidance, Q&As
Business Results Financial Results 2024 Guidance Q&As Lord Howe Island, Australia (1.3 MWp / 3.7 MWh)
Slide 4: Business Results
Business Results Financial Results 2024 Guidance Q&As Slavkov, Czech Republic (1.2 MWp)
Slide 5: Segment: Investments
Q3 2024 Results Presentation Segment: Investments IPP Portfolio, Electricity Generation ► 8.2 MWp commissioned in Q3 2024 (7.5 MWp in Faget 3 / ► Strong electricity generation of 55.3 GWh in Q3 2024 (+12.2% YoY) merchant and 0.66 MWp in Nagykata / PPA), bringing IPP and 142.1 GWh YTD (+ 23.2% YoY) o
Slide 6: Segment: Investments (IPP)
Q3 2024 Results Presentation Segment: Investments (IPP) Electricity Prices Recovered but Regulatory Changes Reversed this Trend ► Average realised electricity prices increased to 173 EUR/MWh in Q3 prices. (ii) reduction of the compensation IRR range (6.3%-8.4%) and 2024, compared to 158 EUR / MWh in
Slide 7: Other Business Segments: Engineering and New Energy
Q3 2024 Results Presentation Other Business Segments Engineering and New Energy Engineering Revenues (EUR 000s) New Energy Revenues (EUR 000s) 16,000 14,000 14,000 12,000 12,000 1,318 515 10,000 10,000 11,728 8,000 8,000 3,366 800 6,000 1,048 6,000 10,568 7,607 4,000 10,323 5,733 4,000 2,000 4,546 6
Slide 8: Other Business Segments: O&M and PV Technology Trading
Q3 2024 Results Presentation Other Business Segments O&M and PV Technology Trading O&M Revenues (EUR 000s) PV Component Trading Revenues (EUR 000s) 2,500 6,000 5,000 2,000 1,788 686 4,000 1,500 1,094 3,000 1,000 552 259 365 2,000 3,722 593 1,385 500 122 1,027 1,000 2,223 2,200 786 1,628 396 0 0 Q3 2
Slide 9: External Revenue Mix and Profitability
Q3 2024 Results Presentation External Revenue Mix and Profitability More Stable Revenues and Higher Margins Revenue mix 9M 2024 Revenue mix 9M 2023 External EBITDA (MEUR) and EBITDA margin in 9M 2024 18.0 100.0% O&M Other O&M Other Engineering 16.0 82.7% 5% 1% Engineering 4% 2% 11% 80.0% Investment
Slide 10: Financial Results
Business Results Financial Results Guidance Q&As Siria, Romania (5.7 MWp)
Slide 11: Financial Results: Income Statement
Q3 2024 Results Presentation Financial Results Income Statement, Strong Q3 2023 Results In thousand EUR Q3 2024 Q3 2023 YoY change 9M 2024 9M 2023 YoY change Total revenues 22,852 19,225 18.9% 64,141 59,456 7.9% of which from electricity generation 9,036 7,320 23.5% 21,331 18,663 14.3% other revenue
Slide 12: Balance Sheet
Q3 2024 Results Presentation Balance Sheet Assets Total assets EUR Total assets EUR 300,000 EUR +9.3% 277.4 M -0.1% 277.0 M 275,000 253.8 M 13.0 M 13.8 M Balance Sheet 250,000 225,000 21.4 M 39.4 M 52.1 M 43.2 M 200,000 ► Fixed assets of EUR 211.071 million down by EUR 13.932 million 175,000 Fixed a
Slide 13: Cash Flow
Q3 2024 Results Presentation Cash Flow Cash Flow Development In thousand EUR Q3 2024 Q3 2023 ► Operating cash flow of EUR 6.882 million, mainly thanks to positive operating result, net working capital developments and FX translations. Operating cash flow 6,882 5,467 ► Investment cash flow of EUR -2.
Slide 14: Guidance
Business Results Financial Results Guidance Q&As Sydney, Australia (100 kWp)
Slide 15: Photon Energy: Guidance 2024
Q3 2024 Results Presentation Photon Energy: Guidance 2024 In thousand EUR 2024 FY Guidance 100,000 94,223 Guidance 2024 Total revenues 90,000 90,000 +27% ► In 9M 2024 consolidated revenues of EUR 64.141 million represents 71.3% of the lower 80,000 guided threshold. Due to the regulatory changes intr
Slide 16: Q&A
Q&A
Slide 17: Thank you for joining us today!
Thank you for joining us today!
Slide 18: O&M Contracts
Q3 2024 Results Presentation O&M Contracts Capacity under O&M contracts, by country (MWp) Full O&M contracts, by country Inverter Cardio, by country Country September 2024 Bulgaria Czech Republic Czech Republic Italy Czech Republic 99.8 Slovakia Australia Slovakia 15.3 Germany Australia 17.0 Romania
Slide 19: About Us
Q3 2024 Results Presentation About Us We are dedicated to ensuring that everyone has access to clean energy and water. Photon Energy Group Founded in Headquartered in 330+ Active in Shares traded Sustainability 2008 Amsterdam Employees 10+ countries in PL, CZ and DE Rating* LERTA: Energy Business Li
Slide 20: Expansion of Photon Energy's Business Model
Q3 2024 Results Presentation Expansion of Photon Energy’s Business Model Photon Energy’s Solar Business Services Lerta’s Grid and Customer Services Project Energy Development Technology O&M Off-take Energy Supply Solutions Engineering Investments Trading & VPP Demand Response The fusion of physical
Slide 21: Business Model: Solar Services
Q3 2024 Results Presentation Business Model: Solar Services Our services cover the entire Project Development lifecycle of photovoltaic systems. We develop projects in-house and acquire them at all stages of development. Operations and Maintenance Engineering (EPC) We provide a full range of O&M We
Slide 22: Business Model: Water Services
Q3 2024 Results Presentation Business Model: Water Services Our comprehensive services and Treatment solutions help to make clean water We deliver treatment solutions including potable and accessible to everyone. wastewater treatment, hazardous liquid waste and industrial water treatment. Remediatio
Slide 23: GREEN EUR Bond 2021/27
Q3 2024 Results Presentation GREEN EUR Bond 2021/27 Bond GREEN EUR Bond 2021/2027 Volume EUR 79.4 million Coupon 6.50% p.a., quarterly payment Initial offering 23 November 2021 ► IMUG | rating – second party opinion, Ratings/Awards ► KFM Barometer 4 of 5 stars ► Best Issuer Green SME Bonds 2021 Segm