Energy Spa · MIL:ENY
Energy Spa — H1 2024 Earnings Presentation
24 slides from Energy Spa's earnings presentation, Sep 27, 2024
Slide 1: 1H 2024 Results Presentation
1H 2024 Results Presentation Energy S.p.A. – Sept. 27th, 2024
Slide 2: Today’s Speakers
Today’s Speakers Davide Tinazzi Daniele Manfroi Co-Founder & CEO CFO • PhD in Engineering, Master in • MBA, Degree in Business Project and Innovation Management, post-graduate Master Management in Environmental Management • Former Project Manager • Former Auditor in Quality, and EHS in the field of
Slide 3: Agenda
Agenda Energy: a unique Integrated Player Market Context and Company’s Strategies 1H 2024 Financial Results Future Outlook Questions & Answers Annex 3
Slide 4: Energy: a unique Integrated Player
Energy: a unique Integrated Player The Energy Group is a leading Full System Technology Manufacturer in BESS (Battery Energy Storage System) systems applications and a provider of cloud and engineering services in the Italian and European markets. The Group is an evolution of Energy S.p.A., founded
Slide 5: Market Context and Company’s Strategies
Market Context and Company’s Strategies BESS market is part of a long-term trend, driven by following factors: • fluctuations in energy prices (which will strengthen the demand for BESS to ensure cost stability and security of supply) • risks of blackouts and need to stabilize the grid (also due to
Slide 6: 1H 2024 Financial Results
1H 2024 Financial Results @ Eelgu’
Slide 7: Recent Key Facts
Recent Key Facts Authorized Technical Assistance Centers: Started testing phase launch of a network of €26m order from for the first battery installers, throughout production line of the ASFINAG motorway the Country, trained and concessionary to supply new Gigafactory qualified by Energy for BESS an
Slide 8: Overview of Financial Performances
Overview of Financial Performances Energy’s 1H 2024 was negatively impacted by following factors: Still a complex • significant drop in prices due to excess supply across the entire renewables scenario in 1H 2024 sector (with significant impacts also on storage) • persistence of high interest rates
Slide 9: Revenues breakdown
Revenues breakdown Revenues by Geographic Area Revenues by Product Category Revenues by Channel • The initiatives abroad, further intensified during the first half of 2024, allowed to record a significant increase in revenues in the EU area • As regards Extra Large systems, the Group has continued i
Slide 10: EBITDA
EBITDA • Marginality down compared to 1H 2023 (EBITDA margin equal to -17%), mainly due to the downward trend in prices and de- stocking activities undertaken in 1h 2024 in addition to targeted promotional campaigns • The result on margins is therefore explained firstly by the reduction in final sal
Slide 11: Commercial Working Capital
Commercial Working Capital • The Commercial Working Capital is equal to €46.2 million: the raw material inventories are down compared to 31 December 2023 and the Group has implemented a reduction in purchases and trade payables • With reference to inventories, the Group has implemented an important
Slide 12: Net Financial Position 8.3 M (Debt)
Net Financial Position 4.6 8.3 8.6 9.6 7.0 8.3 M (Debt) 13.7 9.1 12.9 NFP 1H 2024 (vs 0.2 M cash in FY 2023) 17.7 18.8 11.7 -0.2 30/06/23 31/12/23 30/06/24 Cash and Cash Equivalents Short- term debt Medium-long term Debt 12
Slide 13: Cash Bridge Analysis
Cash Bridge Analysis -7.2 Net Cash Flow Values in €M 13
Slide 14: Future Outlook
Future Outlook q C&I remains a focus for national & international growth q AI integrated services and cloud based solutions will provide additional sales opportunities q Engineering Services will provide additional grip to all initiatives q Capillary presence of CAT (Centers for Technical Assistance
Slide 15: Questions & Answers
Questions & Answers © Feld
Slide 16: Annex
Annex © FeIgl’
Slide 17: Income Statement
Income Statement *The companies included in the consolidation scope at June 30, 2024 are Energy S.p.A. (also the “Parent Company”) and the subsidiary Enermore S.r.l. (also the “Subsidiary”). Energyincloud S.r.l. (EiC) is not fully consolidated due to its insignificance in terms of providing a true a
Slide 18: Balance Sheet
Balance Sheet *The companies included in the consolidation scope at June 30, 2024 are Energy S.p.A. (also the “Parent Company”) and the subsidiary Enermore S.r.l. (also the “Subsidiary”). Energyincloud S.r.l. (EiC) is not fully consolidated due to its insignificance in terms of providing a true and
Slide 19: Cash Flow
Cash Flow *The companies included in the consolidation scope at June 30, 2024 are Energy S.p.A. (also the “Parent Company”) and the subsidiary Enermore S.r.l. (also the “Subsidiary”). Energyincloud S.r.l. (EiC) is not fully consolidated due to its insignificance in terms of providing a true and fair
Slide 20: Shareholding & Governance
Shareholding & Governance SHAREHOLDER ORDINARY SHARES PAS TOTAL SHARES % OF SHARE CAPITAL Elmagi s.r.l. (company owned by Davide Tinazzi) 10,444,188 949,896 11,394,084 19.69% Freman Holding s.r.l. (company owned by Andrea Taffurelli) 10,452,570 949,896 11,402,466 19.70% Sun Hongwu* 10,270,638 948,00
Slide 21: From start-up to international company in 10+ years
From start-up to international company in 10+ years Italian main system integrator Triple digit growth: of products from leading global €50m+ revenues manufacturers (CAGR2014-2021 +158%) Energy is founded 9,000+ systems sold 56 MW sold 2013 2015 2015-19 2020 2021 2022 “Like Tesla”: New production an
Slide 22: Glossary
Glossary Payback period The number of years it will take for positive flows from an investment to compensate for outgoings sustained. It indicates the riskiness of a project solely in terms of time. Photovoltaic panel BESS-Battery Energy Storage Systems A group of devices, equipment, management and
Slide 23: Disclaimer
This presentation and the information contained herein (unless otherwise indicated), are provided by Energy S.p.A. (“Energy”) solely for informational purposes. By attending this presentation or otherwise viewing this Disclaimer presentation, or having access to the corresponding information, you ar
Slide 24: Energy S.p.A. energyspa.com
Energy S.p.A. Registered office : Piazza Manifattura, 1 - 38068 Rovereto TN - Italy Operational headquarters : Via Zona Industriale, 10 - 35020 Sant'Angelo di Piove di Sacco PD - Italy For investor relations refer to investor@energyspa.com energyspa.com 24