Sunflower Sustainable Investments Ltd · TASE:SNFL
Sunflower Sustainable Investments — Investor Presentation (July 2011)
28 slides from Sunflower Sustainable Investments's investor presentation, July 2011
Slide 1: Sunflower Sustainable Investments Ltd. Company Presentation – July 2011
Sunflower Sustainable Investments Ltd. Company Presentation – July 2011 1
Slide 2: Business card
Business card The company operates in the renewable energies market, and holds several income-producing properties Scope of the group’s projects – approx. 30 MW Scope of projects in Israel for which a license application has been filed with the Electricity Authority – approx. 15 MW Total val
Slide 3: Structure of Holdings in the Company
Structure of Holdings in the Company Roni Biram & Gil Deutsch Ronin Redmill Investments 45.44% Public Beresheit Fund Sunflower sustainable Investments Ltd. 3
Slide 4: Milestones
Milestones 2007 Roni Biram and Gil Deutsch acquire control of the public company Sunflower (formerly Gilatz) 2008 The company launches its renewable energy business by acquiring 3 solar parks in Spain. 2008-2009 The company raises NIS 280 million in private placements (NIS 220 million in share capit
Slide 5: The group’s investments in projects, in MW
The group’s investments in projects, in MW 30 25 20 15 10 5 0 2008 2009 2010 June 2011 5 5
Slide 6: The Renewable Energy Sector
The Renewable Energy Sector Renewable energy is energy originating from continuous and non-consumable natural processes. Renewable energy sources are distinguished from energy sources such as petroleum, natural gas, coal and nuclear energy, the use of which involves a significant reduction of the
Slide 7: Global Energy Consumption Sources
Global Energy Consumption Sources 0% 4% 3% 1% 6% petroleum 38% coal 23% gas nuclear biomass 25% hydroelectric solar wind Relevant to 2006 )Source- Consumer Energy Report( 7
Slide 8: The Company’s Focus on Renewable Energy
The Company’s Focus on Renewable Energy SIT – Sustainable Income Trust: The company’s business model is to invest in renewable energy projects which generate a strong and stable FFO The company engages in the development and acquisition of PV (photo-voltaic) solar facility projects for the productio
Slide 9: The Renewable Energy Sector – PV Technology
The Renewable Energy Sector PV Technology A photo-voltaic (PV) cell, or solar cell, is a solar facility for direct generation of electrical energy by absorbing electromagnetic radiation from the sun The technology for generating energy through PV cells has been in use for decades and is regarded
Slide 10: Solar Energy - a Growth Industry
Solar Energy - a Growth Industry 20/20 by 2020 – According to the EU regulations of 2007, by 2020, 20% of the energy will be produced from renewable sources By the close of 2009, PV facilities in the scope of 720 MWp were built in Italy, and 3,200 MWp in Spain By the close of May 2011, PV faci
Slide 11: Development of the Solar Energy Sector in Germany, as a Model
Development of the Solar Energy Sector in Germany, as a Model for Europe and Israel Scope of generation facilities in MW Percentage of total electricity consumption 20,000 3% 18,000 16,000 2% 14,000 12,000 2% 10,000 8,000 1% 6,000 4,000 1% 2,000 0 0% 11
Slide 12: Feed In Tariff Policy
Feed In Tariff Policy )**( Consumer 100%, 7.05 ¢ (*) A policy prevailing in Europe, in Producer D (Solar) 2%, 30 ¢ FIT Israel and in other countries worldwide, which is designed to encourage investments in alternative energy by determining a guaranteed rate 3%, 10 ¢ for the purchase of electricity P
Slide 13: Solar Radiation Map
Solar Radiation Map Abruzzo 1-> 2 MWp 13
Slide 14: Summary of the Group’s Business in Europe
Summary of the Group’s Business in Europe חלק החברה בהשקעה ) (אלפי יורוCompany’s Company’s Company’s Company’s net ללא מע"מshare in share in share in Percentage of share in the Project Country production investment projected project investment capacity, (€ in 000’s), revenues financing (€ i
Slide 15: Business in Israel
Business in Israel The company started operating in the renewable energy sector in Israel in early 2010. The company operates both itself and through the establishment of joint partnerships and companies with local entrepreneurs with the aim of creating a diverse portfolio of small and mid-size PV f
Slide 16: Summary of the Group’s Investments
Summary of the Group’s Investments Scope of Company’s Average Company’s investment in Average cost share in projected share in cost of Country MW per 1MW projected revenues per investment (company’s (€ in 000’s) revenues 1MW (€ in 000’s) share) (€ in 000’s) (€ in 000’s) Italy 21 76,510 3,671 12,344
Slide 17: The Income-Producing Real Estate Business in Israel
The Income-Producing Real Estate Business in Israel The company has 3 properties with a total fair value of approx. NIS 105 million An income-producing An income-producing A lot for the construction property at Raanana junction property in Netanya of an office tower (the )the “Nice Building” project
Slide 18: Summary Balance Sheets, NIS in thousands
Summary Balance Sheets, NIS in thousands March 31, December 31, December 31, 2011 2010 2009 Cash, cash equivalents and short-term 245,197 328,530 219,712 investments Investment in solar energy projects, after 453,207 351,337 257,930 depreciation Investment property 105,590 105,590 104,430 Short-term
Slide 19: Summary Income Statement Figures, NIS in thousands
Summary Income Statement Figures, NIS in thousands For 3 months ended March 31, 2011 Revenues 9,585 Cost of revenues 4,015 Gross profit 5,570 Impairment of PV )16,176( facility in Spain General and )2,331( administrative expenses Operating loss )12,912( Financing revenues, 4,460 net Total loss per p
Slide 20: Group’s Total Activity: EBITDA and FFO
EBITDA and FFO Group’s Total Activity Q1/2011 Y2010 Y2009 FFO(1)(3) (3,401) 9,908 21,059 EBITDA(2) 6,318 30,386 24,210 1. FFO – Funds from Operations. The FFO index, as calculated by the company, is the reported operating profit, net of financing expenses (apart from rate differences and revaluation
Slide 21: Main Financial Ratios in the Consolidated Statements
Main Financial Ratios in the Consolidated Statements March 31, 2011 December 31, 2010 December 31, 2009 Equity to assets ratio 34% 36% 39% Working capital ratio 2.87 3.92 2.5 21
Slide 22: Sunflower Bond Payment Schedule
Sunflower Bond Payment Schedule Principal Repayments NIS in millions 2011 2012 2013 2014 2015 2016 C bonds 23 23 23 23 23 D bonds 40 40 40 Bereshit bonds 20 20 20 Total 23 23 23 83 83 60 22
Slide 23: Summary
Summary • A leading company in the renewable energy sector • A professional and efficient team, with over 3 years of accumulated experience in the renewable energy market • The company has 13 active projects in Europe, with a production capacity of 28 MW • Approx. €128 million invested to date in re
Slide 24: Disclaimer
Disclaimer This presentation is made for convenience purposes only and is not designed to replace the need to inspect the reports publicly released by Sunflower Sustainable Investments Ltd., including the financial statements. Certain information as presented in the presentation includes declaration
Slide 25: Thank you!
Thank you! 25
Slide 26: Annex: Real Estate in Israel – Nice Building
Annex: Real Estate in Israel 1. “Nice Building” at Raanana junction The company holds 50% of a property, which is located at Raanana-center junction (south), close to Route 4 Built-up area of the property – approx. 13,425 sqm Most of the property is leased to Nice. The lease agreement is effec
Slide 27: Annex: Real Estate in Israel – 2007 Lot
Annex: Real Estate in Israel 2. 2007 Lot A lot on an area of approx. 4,600 sqm located near Nice Building The lot has building rights for the construction of a multi-story tower known as the “Raanana City Gate Tower” REIT 1 has an option to buy 50% of the built-up tower Fair value on the boo
Slide 28: Annex: Real Estate in Israel – Property in Netanya
Annex: Real Estate in Israel 3. Property in Netanya The company holds 50% of a property located in the Netanya southern industrial zone Built-up area of the property – approx. 6,374 sqm Fair value on the books – NIS 21 million Annual income from the property – NIS 1,500 thousand Occupancy
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