Energy Spa · MIL:ENY
Energy Spa — German Spring Conference 2024
35 slides from Energy Spa's conference presentation, May 14, 2024
Slide 1: German Spring Conference 2024
German Spring Conference 2024 Frankfurt – 14th May, 2024
Slide 2: Today's Speakers
Davide Tinazzi Today’s Co-Founder & CEO • PhD in Engineering, Master in Project and Speakers Innovation Management • Former Project Manager in the field of nanotechnology • Served as COO in former Mitsubishi Electric Klimat Transportation Systems Daniele Manfroi CFO • MBA, Degree in Business Managem
Slide 3: Agenda
Agenda Energy At A Glance Introduction to the company and current global positioning FY 2023 Financial Result Question & Answers Annex 3
Slide 4: Power the energy of the future
Energy was founded in 2013 with a dream: make clean energy accessible to everyone, and at any time of day. We develop systems that store energy from Power the energy of every sources, and combined with our advanced software, we empower everyone the future. to store, monitor, and manage renewable ene
Slide 5: Global Megatrend: Sustaining Growth
Global Megatrend: Sustaining Growth Electricity storage is a key component of almost any reasonable pathway to net-zero greenhouse gas emissions. Growth in all major markets in the decade between 2020 and 2030 will be driven by widespread regulation and the Paris 2030 targets, as well as by awarenes
Slide 6: Who We Are
Who We Are Energy S.p.A., founded in 2013, listed on the Euronext Growth Milan market of Borsa Italiana, is an Italian BESS integrated manufacturer. Energy manufactures Battery Energy Storage Systems, combining locally-produced components with proprietary software and cloud platform. Products, sold
Slide 7: Strategic Positioning
Strategic Positioning Energy insourced some strategic hardware and software manufacturing activities, thus becoming a Full System Integrator (BESS integrated manufacturer) and controlling a significant part of ESS value chain. Investing in acquisitions for vertical integration and digitalization rem
Slide 8: Go-to-Market
Go-to-Market Energy’s sales network consists of both electrical goods distributors and photovoltaic specialists. Energy also works with large European EPCs. Energy does not sell directly to the final consumer. Distributors Italian and EU Small&Large ESS • Specialists Installers (zeroCO2 branded) • G
Slide 9: Company Achievements
Company Achievements Reference player in the Italian Solid and committed suppliers’ and Commercial & Industrial market for clients’ relationships and core BESS solutions shareholding base Increased our international presence Reinforced organizational structure in EU markets Reacted rapidly to advers
Slide 10: Recent Key Facts
Recent Key Facts For Energy, the months of 2023 and the initial months of 2024 have been important to lay the foundations for future growth and outline strategic trajectories: a greater degree of internal product assembly, a greater offer of digital services to customers and constant attention towar
Slide 11: Company Objectives
Company Objectives Introduce connected services portfolio, Increase of C&I and Grid scale resident and cloud based Enhance international presence in EU Consolidate organizational structure markets Increase new products for the targeted Increase in-house Italian production markets Select new M&A oppo
Slide 12: Strategic objectives and guidelines of the 2022–2024 Plan
Strategic objectives and guidelines of the Plan contained in the Admission Document 2022–2024 Plan strategic guidelines: • Control of production and supplies → insourcing of the battery assembly activity for greater control of the strategic phases of the value chain (procurement and production); → A
Slide 13: ESG Reporting
ESG Reporting During 2023 Energy has voluntarily started a process aimed at integrating logics and principles relating to sustainability within the business according to the ESG areas. In particular, the Company has completed the first materiality analysis. The results obtained made it possible to i
Slide 14: FY 2023 Financial Results
FY 2023 Financiat Results| © enelg’
Slide 15: A tough macro and sector context in 2023
The FY 2023 represented a slowdown time for the Company, compared to the positive and consistent growth that has characterized the last years. That external context was amplified by the sudden and unexpected stop to tax A tough credit transfer mechanism imposed by the Italian Government in February.
Slide 16: FY 2023 Highlights
FY 2023 Highlights Revenues EBITDA EBIT 63.3 M 10.1 M 8.9 M -50% vs 126.5 M -69% vs 32.2 M -72% vs 31.6 M FY 2022 FY 2022 FY 2022 16% 14% Margin Margin Net Income 5.6 M Net Financial Position (Cash) -75% vs 22.6 M FY 2022 -0.2 M 9% vs 4.6 M (Debt) Values in €M Margin H1 2023 16
Slide 17: Revenues breakdown
Revenues breakdown Revenues remained at a still significant level in the Residential sector and in the Italian market, but with greater exposure abroad (particularly in 2H 2023). Revenues by Geographic Area Revenues by Product Category Revenues by Channel VAR* (32%) and General Distribution (31%) re
Slide 18: Net Financial Position
Net Financial Position The Net Financial Position is improving compared to FY 2022 and settles in opposite territory, i.e. equal to € -168,424. x Net Debt / EBITDA 1.0x 1.7x 0.3x 0.3x nm -0.2 M (cash) NFP FY 2023 (vs 8.2 M debt in FY 2023) (unadited) (unadited) Values in €M 18
Slide 19: Cash Bridge Analysis
Cash Bridge Analysis +2.9 Net Cash Flow Values in €M 19
Slide 20: Questions & Answers Time
Questions & Answers Time © Bnelqu
Slide 21: Annex
Annex S Fielqy’
Slide 22: Joint Venture with Pylontech
Joint Venture with Pylontech Energy has established a joint venture with Pylon Technologies Europe Holding B.V.* to strengthen joint business in the European area through a newly established company “Pylon LiFeEU”, jointly held by both companies, which will produce and sell lithium batteries in Euro
Slide 23: Acquisition of Cloud Computing
Acquisition of Cloud Computing In July 2023, through the newly established innovative start-up EnergyInCloud S.r.l., Energy completed the acquisition of Cloud Computing S.r.l.’s line of business, a company headquartered in Trento, engaged since 2016 in the development of software with IoT applicatio
Slide 24: Energy is on track to become the leading manufacturer of batteries and energy storage
The new Facility for batteries production Italian Gigafactory: production area of 11,000 sqm (6,000 sqm covered) close to the existing plant for a total of c. 20,000 sqm. Energy is on track to become Phase 1 Phase 2 (batteries assembly from cells) the leading manufacturer of Start of Production Apr.
Slide 25: zeroCO2 Extra Large Solutions in Action
zeroCO2 Extra Large Solutions in Action More than 20 case studies available on our reference book upon request Showcasing two zeroCO2 XL BESS Applications in Agriculture and Industry 1.000 kW 1.200 kWh Customized for nearly 240 kW 1.125 kWh Optimized energy Power Capacity total energy trading Power
Slide 26: Income Statement
Income Statement (Euro thousands) 31/12/2023 % 31/12/2022 % cge. change % Revenues from sales and services 63,329 100.0% 126,450 100.0% (63,122) (49.9%) Capitalisation of internal works 1,395 2.2% 441 0.3% 953 216.2% Other revenues 1,175 1.9% 375 0.3% 800 213.4% Material costs 46,928 74.1% 87,090 68
Slide 27: Balance Sheet
Balance Sheet (Euro thousands) 31/12/2023 31/12/2022 cge. change % Intangible assets 4,772 4,315 457 10.6% Property, plant and equipment 7,294 1,608 5,685 353.5% Financial assets 1,180 156 1,024 656.7% Total fixed assets 13,246 6,079 7,167 117.9% Inventories 56,410 61,337 (4,927) (8.0%) Trade receiv
Slide 28: Cash Flow
Cash Flow (Euro thousands) 31/12/2023 31/12/2022 cge. cge. % Operating Result 8,893 31,575 (22,682) (72%) Income taxes (1,909) (8,381) 6,472 (77%) Amortisation, depreciation and write-downs 1,225 599 626 105% Change in commercial working capital 17,592 (54,097) 71,690 (133%) Change in other receivab
Slide 29: 10+ Years of Growth and Success
10+ Years of Growth and Success Established in 2013, Energy is an advanced system integrator of Energy Storage Systems (ESS). Since inception, Energy has grown under the leadership of Davide Tinazzi to become the reference player in the Italian market for ESS solutions, in partnership with primary g
Slide 30: Governance And Shareholding
Governance And Shareholding (latest update of 17 December, 2023) th Energy was founded in 2013 by Davide Tinazzi and Andrea Taffurelli, with the financial support of the Ghirlanda family (through their company Euroguarco) and Mrs. Hongwu Sun. % on share Board of Directors Shareholding N. Shares N. P
Slide 31: 2022–2024 Stock Option Plan
2022–2024 Stock Option Plan for directors, managers and employees • On June 2022, the Assembly approved the SOP, granting the Board of Directors all powers for the implementation: →The Plan’s beneficiaries are key managers (incl. Directors, Executives and employees), based on their contribution to t
Slide 32: Next Corporate Events
Next 26.09 BoD to approve the HY Financial Report as at 30th June 2024 Corporate Events 32
Slide 33: Glossary
• Glossary Payback period The number of years it will take for positive flows from an investment to compensate for outgoings sustained. It indicates the riskiness of a project solely in terms of time. • BESS-Battery Energy Storage Systems • Photovoltaic panel A group of devices, equipment, managemen
Slide 34: Disclaimer
This presentation and the information contained herein (unless otherwise indicated), are provided by Energy S.p.A. (“Energy”) solely Disclaimer for informational purposes. By attending this presentation or otherwise viewing this presentation, or having access to the corresponding information, you ar
Slide 35: Energy S.p.A.
Energy S.p.A. Registered office : Piazza Manifattura, 1 - 38068 Rovereto TN - Italy Operational headquarters : Via Zona Industriale, 10 - 35020 Sant'Angelo di Piove di Sacco PD - Italy For investor relations refer to investor@energysynt.com energyspa.com