Photon Energy Nv · GPW:PEN
Photon Energy Nv — Q2 2024 Earnings Presentation
24 slides from Photon Energy Nv's earnings presentation, Aug 20, 2024
Slide 1: Q2 2024 Results Conference
Q2 2024 Results Conference Georg Hotar, CEO David Forth, CFO Photon Energy N.V. 20 August 2024 Leeton, Australia (7.5 MWp)
Slide 2: Disclaimer
Q2/H1 2024 Results Presentation Disclaimer This presentation is for information purposes only and may not be copied in whole or in part for any purpose, or forwarded to third parties or published. This presentation includes written material or slides for a presentation on Photon Energy N.V. (“the Co
Slide 3: Business Review, Financial Results, Guidance, Q&As
Business Review Financial Results Guidance Q&As Lord Howe Island, Australia (1.3 MWp / 3.7 MWh)
Slide 4: Business Review
Business Review Financial Results Guidance Q&As Slavkov, Czech Republic (1.2 MWp)
Slide 5: Segment: Investments
Q2/H1 2024 Results Presentation Segment: Investments IPP portfolio, Electricity generation ► 3.8 MWp commissioned in January 2024, and 1.7 MWp ► Electricity generation of 56.6 GWh in Q2 2024 (+36.8% YoY) and commissioned in April 2024, bringing IPP portfolio to 86.8 GWh in H1 2024 (+31.0%) YoY; very
Slide 6: Segment: Investments (IPP)
Q2/H1 2024 Results Presentation Segment: Investments (IPP) Electricity prices recovered in Q2 2024 ► Average realized electricity prices in Q2 2024 of 158 EUR/MWh electricity price recovery on energy markets. compared to 133 EUR/MWh in Q1 2024 (+19.3% QoQ) and 173 ► Average realized prices in July 2
Slide 7: Project Pipeline
Q2/H1 2024 Results Presentation Project Pipeline Expansion to South African Market ► Land secured for 12 MW utility-scale solar PV project in Atlantis, Cape ► Construction of 18.0 MWp in Romania expected to kick off in Q3 2024; Town and 250 MW RayGen concentrated solar power plant with 1.8 GWh ► Pre
Slide 8: Other Business Segments
Q2/H1 2024 Results Presentation Other Business Segments Strong growth in EPC and New Energy Engineering Revenues (EUR 000s) New Energy Revenues (EUR 000s) 16,000 12,000 14,000 515 10,000 7,293 12,000 9,100 8,000 10,000 1,048 6,000 2,378 3,268 8,000 12,138 10,323 3,366 4,000 6,000 6,245 2,279 7,607 4
Slide 9: Other Business Segments
Q2/H1 2024 Results Presentation Other Business Segments O&M and Technology Trading O&M Revenues (EUR 000s) PV Component Trading Revenues (EUR 000s) 3,000 10,000 2,425 2,121 9,000 7,316 2,500 1,236 8,000 2,000 7,000 704 1,018 6,000 1,500 1,094 5,000 4,000 7,944 2,482 1,000 593 552 6,612 3,000 1,407 2
Slide 10: Business Highlights in Q2 2024
Business Highlights in Q2 2024 ► IPP portfolio up to 132.8 MWp (+17.4% YoY); expected growth to 143.5 MWp in Q3 2024 ► Solid electricity generation of 56.6 GWh (+36.8% YoY) in Q2 2024 and 86.8 GWp YTD (+31.0% YoY). ► Recovery of an average realized revenues from 133 EUR/MWh in Q1 2024 to 158 EUR/MWh
Slide 11: Financial Results
Business Review Financial Results Guidance Q&As Siria, Romania (5.7 MWp)
Slide 12: Financial Results: Income Statement
Q2/H1 2024 Results Presentation Financial Results Income Statement, strong Q2 results In thousand EUR Q2 2024 Q2 2023 YoY change H1 2024 H2 2023 YoY change Total revenues 23,914 20,951 14.1% 41,289 40,231 2.6% of which from electricity generation 8,549 7,194 18.8% 12,295 11,344 8.4% other revenues 1
Slide 13: Balance Sheet
Q2/H1 2024 Results Presentation Balance Sheet Assets Total assets EUR Total assets EUR 300,000 EUR +9.3% 277.4 M +0.6% 279.1 M 275,000 253.8 M 13.0 M 15.0 M Balance Sheet 250,000 225,000 21.4 M 38.9 M 39.1 M 43.2 M 200,000 ► Fixed assets of EUR 225.020 million remained stable; The positive 175,000 F
Slide 14: Cash Flow
Q2/H1 2024 Results Presentation Cash Flow Cash Flow Development In thousand EUR H1 2024 H1 2023 ► Operating cash flow of EUR 6.634 million, mainly thanks to positive net working capital developments and FX translations. Operating cash flow 6,634 -9,299 ► Investment cash flow of EUR -4.666 million re
Slide 15: Guidance
Business Review Financial Results Guidance Q&As Sydney, Australia (100 kWp)
Slide 16: Photon Energy: Guidance 2024
Q2/H1 2024 Results Presentation Photon Energy: Guidance 2024 In thousand EUR Guidance 2024 2024 FY Guidance 100,000 94,223 Total revenues 90,000–100,000 ► In H1 2024 consolidated revenues of EUR 41.3 million represent 45.9% of the lower 90,000 +27% 80,000 guided threshold. Given the seasonality of r
Slide 17: Q&A
Q&A
Slide 18: Thank you for joining us today!
Thank you for joining us today!
Slide 19: O&M Contracts
Q2/H1 2024 Results Presentation O&M Contracts Capacity under O&M contracts, by country (MWp) Full O&M contracts, by country Inverter Cardio, by country Country July 2024 Bulgaria Czech Republic Czech Republic Italy Czech Republic 99.8 Slovakia Australia Slovakia 15.4 Germany Australia 17.0 Romania P
Slide 20: About Us
Q2/H1 2024 Results Presentation About Us We are dedicated to ensuring that everyone has access to clean energy and water. Photon Energy Group Founded in Headquartered in 370+ Active in Shares traded 5 x BUY Sustainability 2008 Amsterdam Employees 10+ countries in PL, CZ and DE PT: EUR 2.80 - 4.1 Rat
Slide 21: Expansion of Photon Energy's Business Model
Q2/H1 2024 Results Presentation Expansion of Photon Energy’s Business Model Photon Energy’s Solar Business Services Lerta’s Grid and Customer Services Project Energy Development Technology O&M Off-take Energy Supply Solutions Engineering Investments Trading & VPP Demand Response The fusion of physic
Slide 22: Business Model: Solar Services
Q2/H1 2024 Results Presentation Business Model: Solar Services Our services cover the entire Project Development lifecycle of photovoltaic systems. We develop projects in-house and acquire them at all stages of development. Operations and Maintenance Engineering (EPC) We provide a full range of O&M
Slide 23: Business Model: Water Services
Q2/H1 2024 Results Presentation Business Model: Water Services Our comprehensive services and Treatment solutions help to make clean water We deliver treatment solutions including potable and accessible to everyone. wastewater treatment, hazardous liquid waste and industrial water treatment. Remedia
Slide 24: GREEN EUR Bond 2021/27
Q2/H1 2024 Results Presentation GREEN EUR Bond 2021/27 Bond GREEN EUR Bond 2021/2027 Volume EUR 80.0 million Coupon 6.50% p.a., quarterly payment Initial offering 23 November 2021 ► IMUG | rating – second party opinion, Ratings/Awards ► KFM Barometer 4 of 5 stars ► Best Issuer Green SME Bonds 2021 S