Pne Ag · XETR:PNE3
Pne — PNE Wind — Q3 2017 Earnings Presentation
11 slides from Pne's earnings presentation, Nov 8, 2017
Slide 1: PNE WIND AG Webcast Presentation Q3-2017
PNE WIND AG Webcast Presentation I Q3-2017 November 8, 2017
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or purchase any securities of PNE WIND AG and neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Thi
Slide 3: 9M-2017 Highlights: Operational and Financial
PNE WIND GROUP 9M - 2017 HIGHLIGHTS OPERATIONAL AND FINANCIAL International business picks up speed in Q3 - US-wind farm “Vivaldi” (80 MW) sold to Pattern Energy - Swedish wind farm “Laxaskogen” (25.2 MW) sold Project implementation fully on track - Total of 94 MW under construction in Germany and F
Slide 4: Onshore Pipeline
PNE WIND GROUP ONSHORE PIPELINE Country I-II III IV Total MW US wind farm Vivaldi (80 MW) sold Germany 1,347 88 53 1,488 - Project rights sold to Pattern Energy - Start of construction planned for 2017, commissioning in 2018 Bulgaria 121 0 0 121 - Option to expand the project France 292 82 41 415 Sw
Slide 5: Offshore Projects
PNE WIND GROUP OFFSHORE PROJECTS Zone Sold projects Phase #WET Total MW Atlantis I sold to Vattenfall 1 Borkum Riffgrund 1 8 78 312 - Lower double digit € million payment in 2017 1 Borkum Riffgrund 2 6 56 448 - Further milestone payments expected with further value-add of the project 1 Gode Wind 1 &
Slide 6: Income Statement (IFRS)
PNE WIND GROUP INCOME STATEMENT (IFRS) In EURm 9M 2017 9M 2016 2016 9M EBIT improves significantly to €23.7m Sales 81.2 77.1 248.6 (€7.2m in 9M 2016) Work in progress 11.5 19.5 1.6 - Positive earn-out in connection with portfolio sale in 2016 and the sale of wind farms in the US and Sweden drive ear
Slide 7: Balance Sheet Assets (IFRS)
PNE WIND GROUP BALANCE SHEET ASSETS (IFRS) Property, Plant and Equipment at €37.9m - Transformer stations €12.6m - Land and building €11.7m - Limited partnership shares of Silbitz biomass power station repurchased at the beginning of 2017 Inventories at €113.3m - Offshore €23.6m - Onshore Germany €2
Slide 8: Balance Sheet Liabilities (IFRS)
PNE WIND GROUP BALANCE SHEET LIABILITES (IFRS) Strong balance sheet - Equity ratio of 53% (53% as of 31 December 2016) Non-current debt at €36.1m - 2014/19 convertible bond €6.6m - Project financing of €22.6m Current liabilities at €168.3m - 2013/18 corporate bond (€100m) is being accounted for unde
Slide 9: Outlook & Strategy
PNE WIND GROUP OUTLOOK & STRATEGY Onshore wind power - Build-up of new wind farm portfolio of 200 MW underway - 43 MW for new portfolio to be completed in 2017 - 41 MW under construction in France - Continue to grow international business - enter new markets Offshore wind power - Atlantis I expected
Slide 10: Q&A
PNE WIND GROUP Q&A PNE WIND II company presentation II 11 2017 10
Slide 11: Thank You / Contact
THANK YOU CONTACT Rainer Heinsohn Head of Communication Tel: +49 (0) 47 21 – 7 18 - 453 Fax: +49 (0) 47 21 – 7 18 - 373 E-mail: rainer.heinsohn@pnewind.com Christopher Rodler Head of Investor Relations Tel: +49 (0) 47 21 – 7 18 - 454 Fax: +49 (0) 47 21 – 7 18 - 373 Harnessing the power of the wind m