Solaria Energia Y Medio Ambiente, S.a. · BME:SLR
Solaria Energia Y Medio Ambiente — 9M 2021 Earnings Presentation
18 slides from Solaria Energia Y Medio Ambiente's earnings presentation, Nov 15, 2021
Slide 1: Efficiency Matters Now - 9M 2021 Earnings Presentation
18000 5175 6200 2150 3150 4150 Q3 2021 9M2021 RESULTS EARNINGSPRESENTATION PRESENTATION Efficiency Matters Now Strong and Sustained GrowthMore Than Ever November November 15, 15, 2021 2021
Slide 2: Highlights of the period – Strong and sustained growth
Highlights of the period – Strong and sustained growth 18000 5175 6200 2150 3150 4150 Impressive growth over the last three years UNIQUE GROWTH PLATFORM Outstanding earnings 80.2 Production +73%, net sales +73%, EBITDA +86%, profit before tax +168%, cash +€25mn 39.9% 45.3% CAGR CAGR 70.0 Clear visib
Slide 3: Outstanding earnings – Sound operational performance
Outstanding earnings – Sound operational performance 18000 5175 6200 2150 3150 4150 9M 2021 9M 2020 % chg. Production Production (GWh) 715 412 +73% In line with commissioning of new installations, energy production increased from 412 GWh to 715 GWh in the first nine Net sales (€mn) 70.8 41.0 +73% mo
Slide 4: Outstanding earnings – Surge in profitability
Outstanding earnings – Surge in profitability 18000 5175 6200 2150 3150 4150 EBITDA exceeds revenue growth due to 9M 2021 (€mn) 9M 2020 (€mn) % chg. suspension of 7% generation tax and strict control of operating expense. Total revenues 80.2 48.5 +65% Negligible clawback effect in Q3. EBITDA 70.0 37
Slide 5: Outstanding earnings – Robust financial situation
Outstanding earnings – Robust financial situation 18000 5175 6200 2150 3150 4150 Performance of cash (€mn) Efficient cash and debt management Huge increase in cash from €136mn to €161mn Solid debt structure 4x Financial net debt €365mn(1)/EBITDA LTM 2.5% Estimated cost of debt year-end 2021 90% Non-
Slide 6: Project status – Clear visibility of over 5.1GW = 2024 target
Project status – Clear visibility of over 5.1GW = 2024 TARGET 18000 5175 6200 2150 3150 4150 Project status MW 5,179MW +100MW under construction Installed and under construction 2,058 = vs. 1H21 earnings released on 09/30/21 2024 year-end Public exposure +571MW vs. 1H21 earnings released on 09/30/21
Slide 7: Project status – 825MW installed
Project status – 825MW installed 18000 5175 6200 2150 3150 4150 Capacity installed MW Year-end 2020 550 +275MW vs. End 2020 TODAY 825 ALGIEDI Castile and Leon CALERA CASTOR Castile-La Mancha Castile-La Mancha
Slide 8: Project status – 825MW installed
Project status – 825MW installed 18000 5175 6200 2150 3150 4150 BALDIO 2 Extremadura SIRIUS URSA Castile and Leon Castile and Leon
Slide 9: Project status – 1233MW under construction
Project status – 1233MW under construction +100MW vs. end of September 18000 5175 6200 2150 3150 4150
Slide 10: Capex under control – 1,233MW under construction fully contracted
Capex under control – 1,233MW under construction fully contracted 18000 5175 6200 2150 3150 4150 CAPEX CONTRACTED AND 100% OF THE CAPEX OF 1,233MW UNDER CONSTRUCTION BACKED BY BANK GUARANTEES FULLY CONTRACTED AT EFFICIENT PRICE AND BACKED BY BANK GUARANTEES SUPPLY SUPPLY CHAIN STILL UNDER PRESSURE B
Slide 11: Increasing and improving monitoring and disclosure
GREATER ESG DISCLOSURE– Positioning the company as ESG best in class 18000 5175 6200 2150 3150 4150 For the first time, we have reported our key sustainability metrics to S&P Global CSA ESG PERFORMANCE Main figures Unit 9M 2021 9M 2020 Second year of reporting Energy production GWh 715 412 73% First
Slide 12: Hydrogen – Delivering “Solaria 2.0” strategic plan
Hydrogen – Delivering “Solaria 2.0” strategic plan 18000 5175 6200 2150 3150 4150 PERFECT ENVIRONMENT As part of its “Solaria 2.0” strategic plan, the company is betting on hydrogen to accelerate mid-term growth and profits 40GW by 2030 DEEP COMMITMENTS FROM EU AND SPAIN 4GW by 2030 AGREEMENT SIGNED
Slide 13: Appendix
18000 5175 6200 2150 3150 4150 Appendix
Slide 14: Income Statement
18000 Income Statement 2150 3150 4150 5175 6200 9M-2021 (unaudited) €mn 9M-2021 9M-2020 Relative change (%) Net sales 70.753 40.957 73 Other income and earnings 9.440 7.591 24 Total revenues 80.193 48.548 65 Personnel expenses (5.703) (4.578) 25 Operating expenses (4.473) (6.327) (29) EBITDA 70.017
Slide 15: Balance Sheet
18000 Balance Sheet 2150 3150 4150 5175 6200 9M-2021 (unaudited) Assets €mn 9M-2021 FY20 Relative change (%) Non-current assets 822.206 609.897 35 Intangible assets 109.592 45.584 140 Tangible fixed assets 650.633 496.431 31 Deferred tax assets 61.301 67.224 (9) Other non-currents financial assets 6
Slide 16: Balance Sheet
18000 Balance Sheet 2150 3150 4150 5175 6200 9M-2021 (unaudited) Liabilities €mn 9M-2021 FY20 Relative change (%) Equity 262.603 222.514 18 Capital and share premium 310.926 310.926 0 Other reserves 5.311 5.311 0 Retained earnings (46.303) (83.876) (45) Value adjustments (7.331) (9.847) (26) Non-cur
Slide 17: Disclaimer
Disclaimer 18000 5175 6200 2150 3150 4150 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 Co
Slide 18: 18000
18000 5175 6200 2150 3150 4150
Solaria Energía y Medio Ambiente — 9M 2021 Earnings Presentation on 6ix