Doral Group Renewable Energy Resources Ltd · TASE:DORL
Doral Group Renewable Energy Resources — Investor Presentation (November 2021)
34 slides from Doral Group Renewable Energy Resources's investor presentation, November 2021
Slide 1: Analyst Presentation
Analyst Presentation November 2021 The Company’s facility in Kibbutz Karmia
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation of Doral Group Renewable Energy Resources Ltd. (hereinafter - the “Company”) was prepared as a general presentation about the Company’s activities; therefore, the information included therein is presented in condensed form and does not include all data about the Co
Slide 3: Legal Disclaimer (cont.)
Legal Disclaimer (cont.) These assessments may not materialize due to factors beyond the Company's control, such as: delays in obtaining the approvals and/or permits required to set up the systems in Israel and around the world, receiving responses from limited negative or positive distributors, del
Slide 4: Energy of Entrepreneurship and Innovation
Energy of Entrepreneurship and Innovation USA Europe Israel Projects with a capacity of about 6.13 GWp Projects with a capacity of about 1.743 GWp Projects with a capacity of about 2.13 GWp In the leading markets (MISO, PJM) In Italy, Romania, Poland and Denmark The largest backlog of facilities und
Slide 5: Business Card
Business Card Hundreds of income- Global activity Entrepreneurial DNA generating systems (USA, Italy, Romania, Poland and Denmark) Creativity, innovation and enterprise For the long term, at high tariffs Exceptional access to available A range Approx. 10 GW Current projects backlog1 land of areas an
Slide 6: Projects Backlog
Projects Backlog Total capacity 3,4 + 9,963 MWp Under development 1,400 MWh In advanced 7,155 MWp development Signed PPAs totaling 360 MWp 815 MWp Winning tenders 838 MWp Under construction / Pre-construction 632 MWp 163 MWp connected* 1,993 6 MWp The Company’s weighted holding rate in the systems i
Slide 7: Forecasted Capacity of Income-Generating Facilities in the Next Few Years
Foretasted Capacity of Income-Generating Facilities in the Next Few Years IL EU US 2024 1,993 MWp (923 MWp) 1,633 MWp 2023 (772 MWp) 2022 341 MWp (158 MWp) + 1,161% November 158 MWp (67 MWp) 2021 *The data in parenthesis reflect the Company’s projected weighted holding rate in the facilities. 7 * Th
Slide 8: The Effect of Global Trends on the Company's Activity in the Short-Term
The Effect of Global Trends on the Company’s Activity in the Short-Term 8 Appreciation of the NIS against Increase in tariffs under PPAs in Freight and logistic tariffs the USD and EUR the USA Prices increases compared with expected to have a positive effect expected to have a positive effect 2020;
Slide 9: Doral-Tech
Doral-Tech Energy of innovation Principal operations Direct investments in startups engaged in the development of technologies that are synergic to the Company’s activity Participating in dedicated accelerators for startups Exclusive agreements with leading Israeli universities 9
Slide 10: The Company's facilities in Kibbutz Karmia
The Company’s facilities in Kibbutz Karmia
Slide 11: Leader of the Renewable Energies Market in Israel
3,4 Leader of the Renewable Energies Market in Israel Creativity, innovation Leading the Largest number of and pioneering solar + storage field facilities in Israel The first to enter the field of More than 2,000 MW under The largest winner of Agrivoltaics operation, construction and solar + storage
Slide 12: Ground-mounted projects, Leader of the Renewable Energies Market in Israel
Ground-mounted projects Leader of the Renewable Energies Market in Israel combined with storage and ground- mounted projects 862MWp + Doral’s total 1,400 solar 352MWp MWh projects High voltage backlog in Israel 3 860MWp Dual-use facilities* Approx. 2,080 MW of which - approx. 1,300 MW are expected t
Slide 13: Dual-Use: Israel Is on Track to Meeting its 2030 Targets
Dual-Use Israel Is on Track to Meeting its 2030 Targets 4 Agrivoltaics, reservoirs, rooftops car park, fences, enclosed areas, landfills etc. Optimal utilization of areas by using dual-use facilities Winning a capacity equivalent to 140 MW (DC) in a first-of-its-kind tender for dual-use facilities a
Slide 14: Doral Plantations
Doral Plantations When agriculture meets renewable energy WIN – WIN: maximizing proceeds from dual-use of land The Halutz facility in Kibbutz Maale Gilboa - pre-construction stage Incorporating advanced technologies in order to improve agricultural crops Diversifying the Company's revenue sources -
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Slide 16: Tail Wind for Renewable Energies in the USA
Tail Wind for Renewable Energies in the USA The Biden administration is promoting two mega programs • The Infrastructure Bill - investment in infrastructure, including renewable energies, at the total amount of USD 1.2 trillion * • Build Back Better - a USD 1.75 trillion program which includes exten
Slide 17: Business Card
Business Card More than 6 GWp in self-developed The Mammoth project - PPAs projects3 PPAs with an aggregate capacity of approx. 840 MW, which of which 480 MWp are in the pre-construction stage are expected to generate revenues of approx. NIS 580-660 and a further 960 MWp in the advanced development
Slide 18: Migdal Insurance
Migdal Insurance Invests in the Company’s activity Approx. NIS 1.15 billion 110 USD million 100 USD million 130 USD million in consideration for Investment in the first Credit facility providing 20% of Doral LLC’s part of the Indiana the capital required for shares project (480MWp) the Company’s ven
Slide 19: Mammoth North Project
Mammoth North Project First phase of the Indiana project Panels purchase First agreement for the sale of power (with AEP) agreement Approx. 480MWp First land June the facility’s capacity agreement 2021 out of 1,600 Mwp3 March 2021 The largest solar project August initiated and built by an 2019 Octob
Slide 20: Launch Ceremony of Works in the First Phase of the Mammoth Solar Project
Launch Ceremony of Works in the First Phase of the Mammoth Solar Project The names from left to right: Consul General of Israel to the Midwest Yinam Cohen, Doral Group chairman and co-founder Dori Davidovitz, Israeli Ambassador Gilad Erdan, president, 20 CEO and co-founder of Doral LLC Nick Cohen, I
Slide 21: USA Activity in the Leading and Most Liquid and Tradable Power Markets
USA Activity in the Leading and Most Liquid and Tradable Power Markets Project capacity Approx. 6.1 GWp3 Wisconsin Pennsylv MISO ania 2,785 MWp under Philadelphia office MISO development Maryland Delaware PJM Indiana Chicago office West Virginia SERC Illinois Kentucky Missouri PJM Georgia 2,856 MWp
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Slide 23: Europe
Europe Denmark Projects capacity Approx. 1.74 GWp4 Poland Denmark - 256 MWp Poland 403 MWp Romania Italy Romania 553 MWp Italy - 528 MWp 23
Slide 24: Company's activity in Italy
Company’s activity in Italy Development of solar fields Key components of activity3,4 Renewable energy in Italy A 20%-80% partnership with a local developer who specializes in the initiation and development 30GW 28% of renewable energy facilities additional solar energy Renewable energy target Capac
Slide 25: Company's activity in Poland
Company’s activity in Poland Development of solar fields Main operations3,4 Renewable energy in Poland Capacity under development - approx. 370 Tariff MWp 30% tenders Approx 33 MWp in pre-construction stage Renewable energy The Company won a fixed tariff target in 2030 tender for the construction of
Slide 26: Company's activity in Romania
Company’s activity in Romania Development of solar fields Main operations 3,4 Renewable energy in Romania A -20%-80% partnership with a local developer who specializes in the initiation and 7GW 30.7% development of renewable energy facilities additional solar energy Renewable energy target Significa
Slide 27: Company's activity in Denmark
Company’s activity in Denmark Development of solar fields 3,4 Main operations Renewable energy in Denmark Holding 100% in the projects 70% 400 EUR million A master agreement with a local developer Target for greenhouse gas Tenders and subsidies plan who specializes in the initiation and emission red
Slide 28: Targets for the Company's Development in the Next Few Years
Targets for the Company's Development in the Next Few Years Current status Under development In advanced development 10,500 MWp 9,963 MWp Connected and under construction * 3,600 MW 7,155 MW 3,500 MW 2,821 MW 815 MW 2,206 MW 3,400 MW 1,993 MW 375 MW 241 MW June 2020 (IPO)3 November 20213 2025-20261
Slide 29: Income-Generating Projects - Annual Rates
Income-Generating Projects - Annual Rates Projected financial data of income-generating systems in Israel, Europe and the USA4.5 403 527 668 362 459 580 198 181 251 321 223 284 128 155 184 75 57 92 106 31 68 81 44 38 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 Company's share Total C
Slide 30: Key Financials
Key Financials Key data of consolidated statements of financial position (NIS thousands)2 September 30, 2021 September 30, 2020 December 31, 2020 Cash and cash equivalents 481,035 74,706 250,143 Other current assets 186,018 14,745 37,407 Non-current assets 708,471 293,810 341,389 Total assets 1,375,
Slide 31: Key Financials
Key Financials Key data of consolidated statements of income and other comprehensive income (NIS Project data (in NIS million)5 thousand)2 Plus Data as of IFRS Non-GAAP 1-9/21 1-9/20 7-9/21 7-9/20 2020 construction, September 30, pre-cc Company's 2021 (assuming Total onstruction, share Revenues 40,1
Slide 32: Comments
Comments 1. Company’s targets for 2025-2026 constitute forward-looking information which is based, to a material extent, on the Company's expectations and assessments regarding economic, industry-specific and other developments and on the interaction between them. These targets may not materialize o
Slide 33: Comments (cont.)
Comments (cont.) 4. The Company's estimates regarding the characteristics of the power markets in the various territories, tariffs, guaranteed tariff periods, capacities, commercial operation dates, construction costs, leverage rates, revenues, FFO, EBITDA, holding rates and first representative yea
Slide 34: Renewable Energy Driven by People
Renewable Energy Driven by People ISRAEL | USA | EUROPE | DORAL TECH | EI (ENVIRONMENTAL INFRASTRUCTURES) michal@doral-energy.com | www.doral-energy.com
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