Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — Investor Presentation (June 2023)
40 slides from Altea Green Power's investor presentation, June 2023
Slide 1: Company Presentation June 2023
Company Presentation June 2023
Slide 2: Index
Index At a glance Business Market Updates 2022-2023 Financials FY2022 Business Plan 2023-2025 Growth strategy Appendix Contacts alteagreenpower.com 2
Slide 3: Speakers
Speakers Giovanni Di Pascale Salvatore Guarino CEO General Manager alteagreenpower.com 3
Slide 4: At a glance
Site Green Power AT A GLANCE
Slide 5: History, business, customers
HISTORY BUSINESS CUSTOMERS 10+ years on the Co-development services Partnerships with companies renewables market like Statkraft, Iberdrola, Enlight, EPC Headquarter - Rivoli (To) Aer Soléir. Energy efficiency Over 1GW pipeline (photovoltaics and wind energy) and 510 MW (storage) alteagreenpower.com
Slide 6: Our timeline
Our timeline 2022 Altea Green Power 2020 listed on Euronext 2017- Growth Milan Stock Altea Green Power ends the 2018- Exchange. energy trading business. Incorporation of Altea Power, Starts the energy involved in energy and gas efficiency business. trading. Co-development 2016 agreements are the mai
Slide 7: Where we are
Where we are Altea Green Power assets ITALY 1,6 GW pipeline alteagreenpower.com 7
Slide 8: Shareholders and corporate governance
Shareholders and corporate governance Board of Directors • Giovanni Di Pascale Dxor S.r.l. (*) Cecilia Martucci • Cecilia Martucci • Luca De Zen • Marco Di Miceli (independent) 65.73% 6.50% • Laura Guazzoni (independent) Board of Auditors Mercato • Fabrizio Morra President 27.77% • Franco Cattaneo A
Slide 9: Expertise
Expertise Photovoltaic, wind, storage, energy efficiency STAFF 30 (50% women) Altea Group provides initiatives, goods and services GRADUATES through an extensive welfare plan to 75% promote well-being for its constantly growing staff. AVARAGE AGE >40 years alteagreenpower.com 9
Slide 10: Business
Site Green Power BUSINESS
Slide 11: Service lines
Service lines CO- • Represents about 93% of the value of production. DEVELOPMENT • Scouting for suitable sites and manage all permitting’s process. • Represents about 2% of the value of production. EPC • Technical study and authorizations for the realization of the plant. • Represents about 5% of th
Slide 12: Service lines
Service lines EPC CO-DEVELOPMENT ENERGY EFFICENCY Solar roof top Circello Wind Turin Farm Rooftop solar system Co-developed wind farm Installed systems: more installed in Turin - Italy in Circello (province of than 200 between solar, Benevento, Campania - cogeneration, energy Power: 200 kWp Italy) d
Slide 13: How we operate
How we operate Altea Green Power: a solid partner for your investment Land Preliminary Connection Engineering & Authorization scouting agreement requests submitting procedure We carry out We proceed We take care We carry out We take care a preliminary with negotiation of the energy preliminary of th
Slide 14: Value chain
Value chain Network of external Flexible between internal Flexible between internal collaborators to identify sites Centralized Centralized and external staff and external staff Development & Co-development Identification of Contract Acquisition rights Permitting opportunities & feasibility study wi
Slide 15: Market
Site Green Power MARKET
Slide 16: The Italian Market: Solar and Wind Power
The Italian Market: Solar and Wind Power 35,0 The Italian renewable energy market (wind and solar) has been developing significantly in the last 30,0 decade... 25,0 GW 19,8 • The Italian renewable energy market has experienced a significant growth in recent periods, having 20,0 developed from 2007-2
Slide 17: The Italian Market: Solar and Wind Power
The Italian Market: Solar and Wind Power 60 51 GW SOLAR 50 +152% 40 Since 2009, 20 GW of solars have been installed. In the next 10 years these investments 19,8 GW are expected to more than double (+152%), reaching a total cumulative power of 51 GW. GW 30 +19 GW 20 With the development contracts cur
Slide 18: BESS Storage Market in Italy
BESS Storage Market in Italy OUR STRATEGY: Growth in the «new» Bess Storage market with a short term target of 2/3 GWh PRESENT STATUS: Signed contracts for 0,5 GW Availability of suitable sites for 1,5 GW Connection (STMG) in the approval process for 1,5 GW Fonte: Terna The Battery Energy Storage ma
Slide 19: BESS Storage Market in U.S.A.
BESS Storage Market in U.S.A. OUR STRATEGY: Joint Ventures with a local partner with an important track record in developing green energy projects The global battery energy storage market OUR TARGET: in U.S:A. is projected to 2 GW in the next 3/4 years grow from $10.88 billion in 2022 to $31.20 bill
Slide 20: Some domestic competitors
Some domestic competitors PREVAILING ACTIVITY DEVELOPMENT ACTIVITY EPC Sector Average 28,8% Source: Company data alteagreenpower.com 20
Slide 21: Updates 2022-2023
Site Green Power UPDATES 2022-2023
Slide 22: Updates 2022
Updates 2022 Signed an important co-development agreement for Storage electricity storage Launched, with Redelfi, a Joint Venture for systems functional to the needs of the the development of stand-alone battery national electricity grid between Altea Signed a co-development agreement with energy st
Slide 23: Updates 2023
Updates 2023 BESS Power Corp., a subsidiary of Altea and Redelfi, has finalized the purchase of a Signed a second co-development stand-alone battery energy storage system agreement with Aer Soléir, an Irish Group project through the acquisition of 100% of the who are among the main players in the sh
Slide 24: Financials FY2022
Site Green Power FINANCIALS FY2022
Slide 25: Where we are
Where we are Altea Green Power assets The USA ITALY 2 GW 5 GW pipeline pipeline alteagreenpower.com 25
Slide 26: Financial Highlights FY 2022
Financial Hightlights FY 2022 VALUE OF PRODUCTION EBITDA EBITDA MARGIN +169% +187% 37% 16.7M 6.2M vs 35% in FY2021 vs 6.2M in FY2021 vs 2.1M in FY2021 EBIT NET PROFIT NPF +181% +247% 0,9M cash positive 6.0M 4.1M vs 1.0M (debt) in FY2021 vs 2.1M in FY2021 vs 1.2M in FY2021 alteagreenpower.com 26
Slide 27: Bridge EBITDA
Bridge EBITDA +187% EBITDA 37% EBITDA Margin € 6.2M vs € 2.1M in FY2021 35% in FY2021 €/000 alteagreenpower.com 27
Slide 28: Income statement
Income statement FY 2022 FY 2021 % Value of production 16,725 6,217 169% Cost of goods sold 451 144 213% Cost of services 7,396 2,760 168% Personnel Expenses 1,175 514 129% Other cost & non-lease components 1,543 653 136% EBITDA 6,160 2,146 187% EBITDA margin 37% 35% 6% Depreciation and amortization
Slide 29: Balance sheet
Balance sheet 31-dic-22 31-dic-21 Fixed Assets 725 59 Inventories 15,068 6,903 Trade Receivables 4,419 490 Trade Payables (1,605) (1,826) Other current assets 1,208 2,305 Other current liabilities (8,920) (4,890) Net Working Capital 10,171 2,983 Accrued expenses and deferred income (53) (57) Net Inv
Slide 30: Business Plan 2023-2025
Site Green Power BUSINESS PLAN 2023-2025
Slide 31: Business Plan 2023-2026
Business Plan 2023-2026 The Business Plan drawn up This plan envisages the effects The consolidation of activities in to take into account the of a significant acceleration the American market will continue important co-development of Altea's organic growth, over the three-year period. projects alre
Slide 32: Business Plan 2023-2025
Business Plan 2023-2025 INDUSTRIAL STRATEGY TARGET 2025 • Organic growth with development and Value of Production EBITDA ADJ. consolidation of the current positioning with acceleration on storage. € 34 – 36 M € 14 – 16 M • Geographic diversification with expansion of partnerships with a focus on the
Slide 33: Growth Strategy
Site Green Power GROWTH STRATEGY
Slide 34: Growth Strategy
Growth Strategy INCREASE THE BUILD A SPV TO EXPAND THE VOLUMES OF FINANCE THE VOLUME OF THE EPC AND REALIZATION OF BUSINESS EFFICIENCY ENERGY ABROAD, LINES AND SYSTEMS ESPECIALLY IN CONSOLIDATE (SOLAR, WIND, NORTH AMERICA THE CO- STORAGE DEVELOPMENT SYSTEMS) LINE alteagreenpower.com 34
Slide 35: Investment Highlights
Investment Highlights Partnership for more than Experience in 1GW (photovoltaics and identifying areas of Very high EBTIDA wind energy) and 510MW (≈40%) development and (storage) over the 2020-2024 reliability in the period providing high execution of work revenue coverage In-depth knowledge Project
Slide 36: Appendix
Site Green Power APPENDIX
Slide 37: Pipeline
PIPE LINE AGP & INDEX Co Dev Pipe line Portafoglio ordini Portafoglio Maggio 2023 fino al 2023 Maggio 82.031 31-dic-22 Type Price/Mw total MW Value €/MW MW (000€) PIPE LINE UNDER CONTRACT 82.031 Contratti Iberdrola W /PV 5.901 Sottoscritti Enlight PV 0 4.205 - RP Global PV 18.000 Altri (A2A e Altri)
Slide 38: Stock performance
Stock performance AGP & INDEX alteagreenpower.com 38
Slide 39: Management team
Management team G. Di Pascale S. Guarino P. Galassi L. Rubino R. Malandrino E. Martoglio CEO General Manager General Counsel Head of Engineering Head of Business Head of Business Dev. Dev. Renewables Energy Efficiency alteagreenpower.com 39
Slide 40: Altea Green Power S.p.A.
Altea Green Power S.p.A. Sede operativa via Chivasso, 15/A - 10098 Rivoli (TO) - Italy Sede legale corso Re Umberto, 8 - 10121 Torino - Italy REA 939243 | P.IVA: 08013190015 CAPITALE SOCIALE: 830.662,55 € www.alteagreenpower.it | info@alteagreenpower.com Investor Relations Advisor CDR Communication
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