Photon Energy Nv · GPW:PEN
Photon Energy Nv — Q3 2023 Earnings Presentation
24 slides from Photon Energy Nv's earnings presentation, Nov 14, 2023
Slide 1: Q3 2023 Results Conference
Q3 2023 Results Conference Georg Hotar, CEO and interim CFO Michael Gartner, CTO Photon Energy N.V. 14 November 2023 Leeton, Australia (14.6 MWp)
Slide 2: Disclaimer
Q3 2023 Financial Results 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 Company"
Slide 3: Agenda
Photon Energy Group at a Glance Business Highlights in Q3 2023 Q3 2023 Financial Results Outlook 2023 Q&As Lord Howe Island, Australia (1.3 MWp / 3.7 MWh)
Slide 4: Photon Energy Group at a Glance
Photon Energy Group at a Glance Business Highlights in Q3 2023 Q3 2023 Financial Results Outlook 2023 Q&As Slavkov, Czech Republic (1.2 MWp)
Slide 5: About Us
Q3 2023 Financial Results 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 Rating* L
Slide 6: Our Global Presence
Our Global Presence +20.1 MWp under construction Focus on Europe and Australia Project development ► Project pipeline with a combined capacity of 1.2+ GWp ► Focus on Hungary, Poland, Romania and Australia Electricity generation assets of 123.4 MWp ► 11 proprietary power plants in the Czechia (15.0 M
Slide 7: Business Highlights in Q3 2023
Photon Energy Group at a Glance Business Highlights in Q3 2023 Q3 2023 Financial Results Outlook 2023 Q&As Aiud, Romania (4.7 MWp)
Slide 8: Business Highlights Q3 2023
Business Highlights Q3 2023 ► Generation output of 49.3 GWh in Q3 and 114.8 GW YTD, up by 33.2% and 11.4% YoY respectively, Teius thanks to 31.5 MWp of new capacities in Romania; the second batch of 20.1 MWp in Romania, currently 4.7 MWp under construction, shall boost furher generation expanssion i
Slide 9: Generation Results
Q3 2023 Financial Results Generation Results Solid Generation Results in Q3 2023 but Prices Remain Under Pressure ► Strong Q3 2023 generation results of 49.3 GWh (+33.2% YoY) Realized average revenue in Q3 2023 and YTD (EUR/MWh) and 114.8 GWh YTD (+11.4 YoY) on the back of 31.5 MWp Total Portfolio Y
Slide 10: Generation Assets & Pipeline
Q3 2023 Financial Results Generation Assets & Pipeline Expansion of Generation Capacity and Storage Proprietary portfolio, cumulated (MWp) 160 143.5 MWp ► Construction of 20.1 MWp new PV assets in Romania (second batch) is 140 123.4 MWp near completion; grid connection and energizing works are in pr
Slide 11: New Energy Division
Q3 2023 Financial Results New Energy Division New Streams of Recurring Revenues DSR revenues in 2023, in thousand euro Prices contracted in MA and AA for 2023, PLN/MWh 2,500.0 400 ► Contracted DSR revenues of 7.7 MEUR in 2023 and 350 2,000.0 300 25.0 MEUR in 2024. 1,500.0 250 200 ► Maximization of m
Slide 12: Other Business Segments
Q3 2023 Financial Results Other Business Segments Additional Revenue Streams from Other Business Segments External EPC contracts, in thousand euro Technology trading volumes, in MW / MWh Operations & Maintenance contracts, in MW 35,000 80 600 30,000 70 500 60 25,000 400 50 20,000 40 300 15,000 30 20
Slide 13: Q3 2023 Financial Results
Photon Energy Group at a Glance Business Highlights in Q3 2023 Q3 2023 Financial Results Outlook 2023 Q&As Siria, Romania (5.7 MWp)
Slide 14: Financial Results
Q3 2023 Financial Results Financial Results Income Statement In thousand EUR Q3 2023 Q3 2022 YoY change 9M 2023 9M 2022 YoY change Total revenues 19,225 35,419 -45.7% 59,456 67,785 -10.27% of which from electricity generation 7,320 15,506 -52.8% 18,663 31,419 -40.60% other revenues 11,905 19,913 -40
Slide 15: Balance Sheet
Q3 2023 Financial Results Balance Sheet Assets 300,000 Total assets EUR 286.0 M EUR +12.7% 275,000 Total assets 253.8 M 17.9 M +29.1% Balance Sheet 250,000 225,000 EUR 21.4 M 42.3 M 196.6 M 43.2 M 200,000 ► Fixed assets: the total PPE balance has increased by EUR 175,000 39.4 M Fixed assets 150,000
Slide 16: Cash Flow
Q3 2023 Financial Results Cash Flow Cash Flow Development ► Positive operating cash flow in Q3 2023 in the amount of EUR 5.467 million thanks to positive working capital developments and a decrease In thousand EUR 9M 2023 9M 2022 in inventories. Operating cash flow -3,833 3,590 ► Increased investmen
Slide 17: Outlook 2023
Photon Energy Group at a Glance Business Highlights in Q3 2023 Q3 2023 Financial Results Outlook 2023 Q&As Sydney, Australia (100 kWp)
Slide 18: Photon Energy: Outlook 2023
Q3 2023 Financial Results Photon Energy: Outlook 2023 In thousand EUR Revised Guidance 2023 2023 FY Guidance 100,000 Total revenues - 95,136 15.9% The following risks which could potentially threaten the realization of the full year 90,000 80,000 80,000 guidance announced on 17 August 2023: 70,000 ►
Slide 19: Q&A
Q&A
Slide 20: Thank you for joining us today!
Thank you for joining us today!
Slide 21: Expansion of Photon Energy's Business Model
Q3 2023 Financial Results 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 physical & d
Slide 22: Business Model: Solar Services
Q3 2023 Financial Results 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 We des
Slide 23: Business Model: Water Services
Q3 2023 Financial Results 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. Remediation W
Slide 24: GREEN EUR Bond 2021/27
Q3 2023 Financial Results 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 Segment