Energiekontor Ag · XETR:EKT
Energiekontor — German Equity Forum 2019
26 slides from Energiekontor's conference presentation, November 2019
Slide 1: German Equity Forum
Energiekontor AG 1 German Equity Forum Frankfurt, November 25 to 27, 2019
Slide 2: Agenda
agenda 2 1. About the Company 2. Market trends 3. Strategy 4. Business performance in 2019 5. Outlook and goals
Slide 3: Energiekontor AG - Business segments
Energiekontor AG - Business segments 3 Project planning Entire value chain from acquisition to and sale commissioning and sale (wind, solar) including repowering Energiekontor AG Income from the sale Power in Group- of the electricity generated owned wind and in the Group's own wind solar parks and
Slide 4: Office locations Energiekontor AG
Office locations Energiekontor AG 4 Rapid City/ Glasgow, Edingburgh, Scotland South Dakota Leeds/England Rouen/North-France Toulouse/South-France Lisbon/Portugal Austin/Texas Aachen (North Rhine-Westphalia) Bremerhaven (Operational Management) Bremen (Headquarters) • Founded: 1990 Hagen im Bremische
Slide 5: Development of the Group's own wind and solar park portfolio
Development of the Group's own wind and solar park portfolio 5 in MW 300 287 278 265 259 250 238 221 214 200 163 150 111 106 94 100 100 82 70 50 18 18 18 18 0
Slide 6: Current balance of payments of the company
Current balance of payments of the company 6 34 wind farms 122 wind farms 1 solar park 7 solar parks Group owned More than realized 1 gigawatt ~287 MW output realized Current for > 2 billion kWh approx. 600,000 per year households
Slide 7: Agenda
Agenda 7 1. About the Company 2. Market trends 3. Strategy 4. Business performance in 2019 5. Outlook and goals
Slide 8: Tender on solar projects in Germany – average granted bidding price
Tender on solar projects in Germany – average granted bidding price for 2015 - today 8 Development of the average bidding price (solar) 10,00 01.02.17: 01.03.19: 9,17 6th award 3rd award 9,00 ca. 6.3 MWp ca. 6.3 MW 8,49 Awarded prices in €-ct / kWh 8,00 Finished: 01.02.19: 8,00 01/2019 5th award 7,4
Slide 9: Tenders for Onshore Wind - Surcharge values 2017 to date
Tenders for Onshore Wind - Surcharge values 2017 to date 9 Development of the average bidding price (wind onshore) 7,00 6,20 6,20 6,20 6,50 6,28 6,30 6,30 6,20 6,20 6,20 6,206,20 6,00 5,78 5,76 5,79 6,13 6,19 6,196,19 Surcharge prices in €-ct / kWh 6,16 6,26 6,11 5,50 5,28 5,73 5,71 5,27 5,40 5,00 5
Slide 10: Market challenges
Market challenges 10 Decreased feed-in tariffs Continued pressure on costs and margins Limited extension Approval backlogs Acceptance problems Too few approved areas for the construction of wind turbines Complaints from affected persons, associations, federations Nationwide distance
Slide 11: Gross electricity generation in Germany 2018
Gross electricity generation in Germany 2018 11 Mineral oil prodcts Renewable Natural gas 0.8% 12.8% Wind onshore Energies 14.3% 35,0% Wind offshore 3.0% Hydro Nuclear energy 2.6% 11.7% Bio mass; incl. waste 8.1% Hard coal Photovoltaic 12.8% 7.1% Other sources 4.2% Lignite 22.5% Source: AG Energiebi
Slide 12: Total output of onshore wind power and solar plants installed in Germany
Total output of onshore wind power and solar plants installed in Germany 12 53 53 Sources: Fraunhofer (IWES) , BMU, German WindGuard 51 48 46 Wind (onshore) 46 43 42 41 Solar 40 38 38 in GW 36 34 33 31 29 27 25 25 24 22 21 18 18 17 15 12 10 11 6,1 6 4 2 3 0,3 0,4 1 0,1 0,2 2000 2001 2002 2003 2004 2
Slide 13: Agenda
Agenda 13 1. About the Company 2. Market trends 3. Strategy 4. Business performance in 2018 5. Outlook and goals
Slide 14: Our mission statement
Our mission statement 14 100 % Renewable energy As a pioneer of renewable energy, Energiekontor is actively shaping the transition to 100 % renewables. Concentration on our core competences and innovation will drive our business to a successful future. Individual responsibility and autonomy Team spi
Slide 15: Model for the organic growth of Energiekontor AG
Model for the organic growth of Energiekontor AG 15 Investment in growth 50 % Own portfolio Power generation in the Group's own Project Wind and solar parks 100 % development Group Cost and sales Operational EBT coverage (Wind, Solar) management, innovation and others 50 % Sale
Slide 16: The value of regional anchoring
The value of regional anchoring 16 Local offices and employees Decentralized organizational and decision-making structures Close proximity to the relevant stakeholders Direct relationship network to property owners and authorities Improvement of the awareness levels in the region
Slide 17: Central strategic directions of Energiekontor AG
Central strategic directions of Energiekontor AG 17 Vision 100 % renewable energy / pioneering role Implementation of projects without state support Realizing projects with levelized costs of electricity below the ones of conventional power plants Financial stability Further expansion of Group
Slide 18: Agenda
Agenda 18 1. About the Company 2. Market trends 3. Strategy 4. Business performance in 2019 5. Outlook and goals
Slide 19: Business performance to date 2019
Business performance to date 2019 19 One wind farm in England (8.2 MW) added to own portfolio A solar park (6.3 MW) sold A wind farm in NRW (13.5 MW) sold One wind farm in NRW (repowering project, 9 MW) and 2 solar parks (8.5 MW) successful in tenders 2019 Approvals for 6 wind projects with together
Slide 20: Agenda
Agenda 20 1. About the Company 2. Market trends 3. Strategy 4. Business performance in 2019 5. Outlook and goals
Slide 21: Medium-term economic objective: Sustainable Group EBT of € 55-60 million p. a.
Medium-term economic objective 21 Sustainable Group EBT of € 55-60 million p. a. Sustainable EBT from project development and sales of approx. € 30 million p.a. Sustainable EBT from own power generation and operations management of € 25-30 million p. a.
Slide 22: Sources of future growth
Sources of future growth 22 Expansion of solar business at home and abroad Realisation of the Scottish pipeline Development of the new markets for wind and solar energy (USA & France) Great repowering potential starting 2020 Solar Team Optimization of power generation through innovations a
Slide 23: Expansion of pioneering role: Non-subsidised wind farms in Scotland and Germany
Expansion of pioneering role: Non-subsidised wind farms in Scotland and Germany 23 PPA market in Germany: Conclusion of the first long-term PPAs with EnBW and Innogy for solar parks with a total output of more than 90 MW Advanced negotiations with potential industrial partners for further projec
Slide 24: Project pipeline of the Energiekontor Group
Project pipeline of the Energiekontor Group 24 Secured projects (land lease contracts, + approx. 2,500 MW exclusivity, options) Scoping, pre-planning + approx. 1,100 MW Regional distribution: and inquiry Germany: 2,000 MW Commissioning 2021 / in + approx. 300 MW permission process Great Britain: 1,5
Slide 25: Disclaimer
Disclaimer 25 The information in this presentation does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for shares in Energiekontor AG, but is intended solely for information purposes. German legal framework The information contained in this presentation is intended
Slide 26: Thank you very much for your attention!
Thank you very much for your attention! 26 Energiekontor AG Peter Alex Mary-Somerville-Straße 5 Head of Investor Relations D-28359 Bremen, Germany ir@energiekontor.de www.energiekontor.de +49 421 3304-126