Pne Ag · XETR:PNE3
Pne — PNE Wind — 9M 2015 Earnings Presentation
16 slides from Pne's earnings presentation, Nov 9, 2015
Slide 1: PNE WIND AG Webcast presentation
PNE WIND AG WEBCAST presentation November 9, 2015 Windpark Windpark Buchholz Buchholz
Slide 2: 9M 2015 – Highlights
PNE WIND GROUP 9M 2015 – HIGHLIGHTS • The first nine months of 2015 was characterized by – 1. the successful sale of PNE WIND UK to Brookfield 2. the continuation of our on and offshore development activities in Germany and abroad and 3. the continued development of our new YieldCo business model •
Slide 3: At a Glance
PNE WIND GROUP AT A GLANCE • Development and implementation of wind farm projects in Germany and abroad, both onshore and offshore • Projects in 13 different countries • Approx. 380 employees • Onshore: wind farms with a nominal capacity of approx. 4,900 MW in development • Offshore: 13 projects wit
Slide 4: Management
PNE WIND GROUP MANAGEMENT • Experienced management team with many years of sector experience creates a strong foundation for future growth • Successful track record based on organic and inorganic growth Jörg Klowat Markus Lesser Chief Financial Chief Operating Officer (CFO) Officer & Interim CEO PNE
Slide 5: AGM - Update
PNE WIND GROUP AGM - UPDATE • The members of the newly elected Supervisory Board have extensive experience in their respective fields and industries. • Dividend of EUR 0.04 per basic share distributed Alexis Fries Wilken Andreas Chairman von Hodenberg Beyer Per Hornung Andreas Christoph Pedersen Roh
Slide 6: Track Record
PNE WIND GROUP TRACK RECORD • Shareholder equity increased to EUR 178.7 million at end of first nine months of 2015 • Book value per share of EUR 2.33 as at end of first nine months of 2015 PNE WIND II company presentation II 11 2015 7
Slide 7: PNE Onshore Pipeline
PNE WIND GROUP PNE ONSHORE PIPELINE Country* I-II III IV Total MW • In Germany, Köhlen (21.3 MW) and Waldfeucht (12 MW) under construction Germany 1,026 58 33 1,117 • In Turkey, cooperation with STEAG developing Bulgaria 121 0 0 121 positively Romania 55 102 0 157 1. Pre-licenses for 230 MW of proje
Slide 8: WKN Onshore Pipeline
PNE WIND GROUP WKN ONSHORE PIPELINE Country* I-II III IV Total MW • In Germany, Germany 146 44 19 209 1. Siebenbäumen (6 MW) Nentzelsrode (6.9 MW) sold to KGAL and CEE in 2014 Italy 510 0 0 510 France 178 88 0 266 2. Apensen II (6 MW) part of YieldCo portfolio Poland 243 42 0 285 • In the UK, a 66 M
Slide 9: YieldCo - Projects
PNE WIND GROUP YIELDCO - PROJECTS Scheduled • YieldCo portfolio currently consists of 93.9 MW Project Location Status MW completion of projects which are in operation or under Chransdorf Brandenburg Commissioned 57.6 construction – North Rhine- Under • Chransdorf with 57.6 MW entered Waldfeucht 9.0
Slide 10: Offshore Projects
PNE WIND GROUP OFFSHORE PROJECTS Own Projects Phase WEA Total MW • Borkum Riffgrund and Gode Wind sold to Nemo 2 80 480 DONG Energy Jules Verne 2 80 480 1. Borkum Riffgrund I in operation Nautilus I 2 80 480 2. Gode Wind 1 & 2 are under construction Atlantis I 3 80 400 3. From Gode Wind transaction,
Slide 11: O&M Services
PNE WIND GROUP O&M SERVICES • Operation and Maintenance (O&M) services organized within energy consult GmbH • Yield optimization and reduction of downtime and operating costs • Currently wind turbines from AN Bonus / Siemens, DeWind, Enercon, Fuhrländer, Nordex / Südwind, Vestas in care • Approx. 76
Slide 12: Profit & Loss (IFRS)
PNE WIND GROUP PROFIT & LOSS (IFRS) • Group sales were primarily generated by the sale In EURm 9M2015 9M2014 2014 of PNE WIND UK, German onshore projects (Siebenbäumen, Looft II, Nentzelsrode) and Sales 80.5 184.1 211.3 electricity generation (EUR 10.0 million) Work in progress 104.9 15.0 19.1 • Bui
Slide 13: Balance Sheet – Assets (IFRS)
PNE WIND GROUP BALANCE SHEET ASSETS (IFRS) • Property, Plant and Equipment of EUR 157.4 million – main items include technical equipment and land and buildings • Inventories of EUR 129.7 million include advance payments of EUR 9.9 million and work in progress of EUR 119.7 million represented by 1. G
Slide 14: Balance Sheet – Liabilities (IFRS)
PNE WIND GROUP BALANCE SHEET LIABILITES (IFRS) • Equity at EUR 178.7 million, equity ratio of 35% – increase driven by net profit of EUR 9.8 million and capital increase – EUR 9.5 million in gross proceeds • The long term liabilities of EUR 207.9 million - corporate bond 2013/18 (EUR 96.9 million),
Slide 15: Stock & Bonds Outstanding
PNE WIND GROUP STOCK & BONDS OUTSTANDING AOJBPG / WKN / ISIN DE000A0JBPG2 Corporate bond 2013/2018 (WKN: A1R074) Number of shares (30 September 2015) 76,555,361 Coupon 8%, Prime Standard, Total volume EUR 100m Market capitalization Convertible bond 2014/2019 (WKN: A12UMG) EUR 160.7 m (30 September 2
Slide 16: Thank You – Contact
THANK YOU CONTACT Rainer Heinsohn Head of Communication Tel: +49 (0) 47 21 – 7 18 - 453 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: rainer.heinsohn@pnewind.com Scott McCollister Head of Investor Relations Tel: +49 (0) 47 21 – 7 18 - 454 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: scott.mccollister@pnewind.c