Solaria Energia Y Medio Ambiente, S.a. · BME:SLR
Solaria Energia Y Medio Ambiente — 9M 2022 Earnings Presentation
16 slides from Solaria Energia Y Medio Ambiente's earnings presentation, Nov 15, 2022
Slide 1: 9M 2022 Earnings presentation
9M 2022 Earnings presentation UMA 1,000MW 220/400kV electric substation November 15, 2022 Trillo-Cifuentes 626MW project– SPAIN
Slide 2: Key Highlights
KEY HIGHLIGHTS TOTAL EBITDA NET PROFIT REVENUES (€ million) (€ million) (€ million) 121.0 69.7 109.0 80.2 70.0 37.6 +86% +51% +56% 9M 2021 9M 2022 9M 2021 9M 2022 9M 2021 9M 2022 Electricity production Capex 2GW PLAYER €232.4mn 1,143GWh +60% vs. 9M 2021 13.9GW PORTFOLIO +39% vs. 9M 2021
Slide 3: 1.2GW in new capacity secured in Spain
1.2GW in new capacity secured in Spain 132% of 2025 target already connection secured MW 1.2GW in new capacity in Spanish grid 1,000 1,041 Capacity secured without auction 6,068 +1,200 13.9GW project portfolio 13,900 of which 8.2GW is connection secured 5,791 = 132% 6.2GW 2025 target = 46% 18GW 2030
Slide 4: 100% of capacity under construction fully financed
100% of capacity under construction fully financed €134 million 285MW Spanish assets Project Country Location Capacity (MWp) 2.50% to 2.90% + SWAP AQUARII Spain Castile and León 100 SCORPIUS Spain Castile and León 85 75% fixed rate CENTAURUS Spain Castile and León 50 Spain Castile and León Term shee
Slide 5: 9M Earnings Strong Set of results
9M Earnings Strong Set of results
Slide 6: Strong Set of Results: Outstanding operational performance
STRONG SET OF RESULTS Outstanding operational performance Production Energy production rose by over +60% to 9M 2022 9M 2021 % chg. 1,143.0GWh in the first nine months of the year, in line with commissioning of new Production (GWh) 1,143.0 715.0 +60% installations. Sales (€mn) 107.9 70.8 +53% Sales S
Slide 7: Strong Set of Results: High profitability
STRONG SET OF RESULTS High profitability Strict control of operating costs 9M 2022 (€mn) 9M 2021 (€mn) % chg. Total revenues 121.0 80.2 +51% EBITDA stands at €109.0mn, up 56% and outperforming growth of total revenues, EBITDA 109.0 70.0 +56% owing to strict control of operating expenses. Net profit
Slide 8: Strong Set of Results: Solid operating cash flow generation
STRONG SET OF RESULTS Solid operating cash flow generation Cash performance (€mn) OPERATING CF INVESTING CF FINANCING CF 95.366 232.435 94.959 Huge investment €232.4mn Cash position €111mn
Slide 9: Bullet-proof Balance Sheet
BULLET-PROOF BALANCE SHEET Decreasing leverage 96% = Non-recourse Debt 85% = Fixed-rate debt Yearly amortization 4% 3.0% Corporate = 15% Float rate Average cost debt Project Fixed rate 96% 85% FY2020 FY2021 9M 2022 5.6 5.5 FINANCIAL DEBT1 418.2 667.0 771.2 NFD to Ebitda NET FINANCIAL DEBT 142.3 514.
Slide 10: 1,041 MW Under Construction
1,041 MW UNDER CONSTRUCTION Project Country Location Capacity (MWp) CIFUENTES-TRILLO Spain Castilla-La Mancha 626 AQUARII Spain Castile and León 100 SCORPIUS Spain Castile and León 85 PEGASO Spain Castile and León 80 CENTAURUS Spain Castile and León 50 HINOJOSAS Spain Castilla-La Mancha 50 ARIES Spa
Slide 11: Appendix
Appendix
Slide 12: Income Statement
Income Statement 9M-2022 €mn 9M-22 9M-21 Relative change (%) Net sales 107.942 70.753 53 Other income and earnings 13.024 9.440 38 Total revenues 120.966 80.193 51 Personnel expenses (8.023) (5.703) 41 Operating expenses (3.930) (4.473) (12) EBITDA 109.013 70.017 56 Amortisation (17.597) (14.143) 24
Slide 13: Balance Sheet - Assets
Balance Sheet 9M-2022 Assets €mn 9M-22 FY21 Relative change (%) Non-current assets 1.077.346 854.468 26 Intangible assets 113.681 112.221 1 Tangible fixed assets 886.141 671.303 32 Deferred tax assets 73.504 69.466 6 Other non-currents financial assets 4.020 1.478 172 Current assets 155.389 188.284
Slide 14: Balance Sheet - Liabilities
Balance Sheet 9M-2022 Liabilities €mn 9M-22 FY21 Relative change (%) Equity 301.938 247.355 22 Capital and share premium 310.926 310.926 - Other reserves 5.311 5.311 - Non-controlling interest 1.440 - 100 Retained earnings 33.857 (35.841) (194) Value adjustments (49.596) (33.041) 50 Non-current liab
Slide 15: Disclaimer
Disclaimer This document has been prepared by SOLARIA ENERGÍA Y MEDIO AMBIENTE, S.A. (“Solaria”) for information purposes only and it is not a regulated information or information that has been subject to prior registration or review by the Spanish Securities Market Commission. By attending a meetin
Slide 16: Thank you.
Thank you.
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